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

CA Foundation · Business Economics · MTP · September 2026
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 (D)

D. eliminate revenue deficit

Topics: Public Finance

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