Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

The FRBM Act 2003 mandates the central government to take appropriate measures to reduce fiscal deficit to not more than ______ percent of GDP and to eliminate the revenue deficit by March 31, 2009 and thereafter build up adequate _________surplus.

Options:

3, revenue 

4, revenue 

5, budget

3, budget

Correct Answer:

3, revenue 

Explanation:

The correct answer is option 1: 3, revenue
The Act mandates the central government to take appropriate measures to reduce fiscal deficit to not more than 3 percent of GDP and to eliminate the revenue deficit by March 31, 20098 and thereafter build up adequate revenue surplus.