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.
Answer & explanation
Correct answer: option 1
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.