What does 'F' stand for in FRBM Act, 2003 of Indian economy?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Fiscal.
In the FRBM Act, 2003 of the Indian economy, 'F' stands for "Fiscal." The FRBM Act stands for the Fiscal Responsibility and Budget Management Act, 2003. This legislation aims to ensure fiscal discipline, improve the management of public funds, and reduce the fiscal deficit in India.