Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?
Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?
(a) Elimination of revenue deficit by the end of the 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
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