Primary Deficit and FRBMA

Q.

In India which of the following formulates the fiscal policy.

Q. What is primary deficit?

1. Fiscal deficit – Interest payment
2. Revenue deficit – Interest payment
3. Fiscal deficit + Interest payment
4. Revenue deficit + Interest payment

Q.

What are the major reasons for fiscal decentralization?

Q. Primary deficit = Fiscal deficit –

1. Interest payment
2. Revenue deficit
3. Revenue receipts
4. Interest received

Q.

What is the primary deficit equal to?

Q. What does FRBMA stands for?

1. Fixed and Budget Responsibility Act
2. Fiscal and Budget Recognition Act
3. Financial and Budget Republic Act
4. Fiscal and Budget Responsibility Act

Q. Which of the following states the aim of the Fiscal and Budget Responsibility Act or FRBMA?

1. To keep the fiscal deficit under control
2. To keep the fiscal deficit constant for all financial years
3. To empower the government to borrow money from foreign countries
4. To keep the inflation under control