Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMA) concerns:
Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMA) concerns:
(a) Fiscal Deficit only
(b) Revenue deficit only
(c) Both fiscal deficit and revenue deficit
(d) Neither fiscal deficit nor revenue deficit
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(c) Fiscal responsibility and budget management act aims to bring down Fiscal deficit to 2% by 2008 and the revenue deficit to zero by 2008.
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