The full form of FRBM Act 2003 is _______.

Fiscal Regulation and Budget Management Act

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Fiscal Regulation and Banking Management Act

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Fiscal Responsibility and Budget Management Act

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Financial Responsibility and Budget Management Act

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Solution

The correct option is A Fiscal Responsibility and Budget Management Act

The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) 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.

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