WBCS.LIVE practice question

What is the main objective of Fiscal Responsibility and Budget Management Act (FRBMA), 2003?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. To reduce fiscal deficit
  2. To reduce subsidies
  3. To increase excise duty
  4. To increase exports

Correct answer and explanation

Correct answer: To reduce fiscal deficit