What is the Fiscal Responsibility and Budget Management Act, 2003?

PYQ SSC JE (Junior Engineer) 2022

1. A.

   It is concerned with the reduction in the fiscal deficit of up to 3% of the GDP.

2. B.

   It is related to the increase in the capital expenditure.

3. C.

   It is related to the increase in government expenditure in some proportion.

4. D.

   It is concerned with the increase in the fiscal deficit of up to 5% of the GDP.