Fiscal Responsibility and Budget Management Act (FRBMA) ACT 2003 concerns:

fiscal deficit only

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revenue deficit only

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both fiscal and revenue deficit

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neither fiscal nor revenue deficit

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Solution

The correct option is C
both fiscal and revenue deficit

The FRBMA was adopted to ensure complete fiscal stability in the economy.

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What are the features of Fiscal Responsibility and Budget Management Act, (FRBMA) 2003?

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Which of the above statements are correct?

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