What was the main objective of the Fiscal Responsibility and Budget Management Act, of 2003?

CA Foundation · Business Economics · MTP · January 2025
What was the main objective of the Fiscal Responsibility and Budget Management Act, of 2003?
(A) A. Achieve Fiscal Surplus
(B) B. Stop Money Laundering
(C) C. Eliminate Fiscal Deficit
(D) D. Eliminate Revenue deficit

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Eliminate Fiscal Deficit

Topics: Public Finance

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