Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMconcerns - Civilsdaily

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Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMconcerns

(a)

Fiscal deficit only

(b)

Revenue deficit only

(c)

Both fiscal and revenue deficit

(d)

Neither fiscal deficit nor revenue deficit

Correct Answer

(c)

Explanation

FRBMA addresses both fiscal and revenue deficits for financial discipline.