BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following Acts is enacted to help the Union Govt. to manage its budgeted finances and fiscal deficit in a very disciplined manner?
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The Competition Act
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The Banking Regulation Act
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The Negotiable Instruments Act
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Fiscal Responsibility and Budget Management Act
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Explanation:
Detailed explanation-1: -The FRBM Act, 2003 sets a target for the government to establish financial discipline in the economy, reduce fiscal deficit and improve the management of public funds. The Act sets target for the government to bring down fiscal deficit.
There is 1 question to complete.