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

Question

TuteeHUB · Accepted Answer

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

TuteeHUB · Answer

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

TuteeHUB · Answer

Non-borrowing by the central government from Revenue Bank of India expect under certain circumstances.

TuteeHUB · Answer

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

1.	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 Revenue Bank of India expect 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» D. Fixing government guarantees in any financial year as a percentage of GDP.

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