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Economics › Budget, Fiscal Policy

Economics › Budget, Fiscal Policy

Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?

Options

(a)

Elimination of revenue deficit by the end of fiscal year 2007-08

(b)

Non-borrowing by the central government from Reserve Bank of India except under certain circumstances

(c)

Elimination of primary deficit by the end of the fiscal year 2008-09

(d)

Fixing government guarantees in any financial year as a percentage of GDP

Answer

(C)