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Question No. 244Interactive Test Mode
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Q244. 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:

Select the correct option below (or cross out options to eliminate)

Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2006 • Indian Economy

Correct Answer: Option (C) — Both fiscal deficit and revenue deficit

Concept & Option Breakdown

Standard Reference Verified

The Fiscal Responsibility and Budget Management (FRBM) Act, 2003, was enacted to ensure inter-generational equity in fiscal management and long-term macro-economic stability. It prescribed binding statutory targets for reducing both the Fiscal Deficit and the Revenue Deficit.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2006 (Q244)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Fiscal Policy & Public Finance
Official Answer KeyOption (C) — Both fiscal deficit and revenue deficit

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Frequently Asked Questions — UPSC Prelims 2006 Q244

What is the official answer for UPSC Prelims 2006 GS Paper I Question 244 (Indian Economy)?

The official UPSC answer key for this 2006 Indian Economy (Fiscal Policy & Public Finance) question is Option (C): "Both fiscal deficit and revenue deficit". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2006 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Fiscal Policy & Public Finance". You can explore all repeated questions from Fiscal Policy & Public Finance in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Fiscal Policy & Public Finance UPSC Prelims question using option elimination?

To solve Fiscal Policy & Public Finance questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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