Question

FRBM Act stands for _____________.

• A. Fiscal Revenue and Budget Management
• B. Foreign Revenue and Business Management
• C. Fiscal Responsibility and Budget Management
• D. Foreign Responsibility and Budget Management

Answer 1

The correct option is C Fiscal Responsibility and Budget Management

FRBM Act stands for Fiscal Responsibility and Budget Management Act enforced in 2003 for the management and execution of the government budget in an accountable manner.