Question

FRBM stands for ___________.

• A. Financial Recovery and Budget Matching
• B. Fiscal Responsibility and Budget Management
• C. Foreign Responsibility and Budget Management
• D. none of the above

Answer 1

The correct option is B Fiscal Responsibility and Budget Management

The Fiscal Responsibility and Budget Management Act, 2003 is an Act of the Parliament of India to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence