1 .	Fiscal Responsi bi l it y and Budget Management Act (FRBMA) 2003 is related with —
[ A ]    Fiscal deficit only [ B ]    Revenue deficit only [ C ]    Both fiscal and revenue deficit [ D ]    Neither fiscal nor revenue deficit
Answer : Option C Explanation : The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parli ament of Indi a to institutionalize financial discipline. The main purpose was to eliminate revenue deficit of the country and bring down the fiscal deficit.
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