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Question
Fiscal Responsibility and Budget Management (FRBM) Bill was introduced in __________.
Fiscal Responsibility and Budget Management (FRBM) Bill was introduced in __________.
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Solution
The correct option is C 2000
The Fiscal Responsibility and Budget Management Bill (FRBM Bill) was introduced in India by the then Finance Minister of India, Mr. Yashwant Sinha in December 2000. Further, the bill proposed for the government to reduce liabilities to 50% of the estimated GDP by year 2011.
The Fiscal Responsibility and Budget Management Bill (FRBM Bill) was introduced in India by the then Finance Minister of India, Mr. Yashwant Sinha in December 2000. Further, the bill proposed for the government to reduce liabilities to 50% of the estimated GDP by year 2011.
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