Macro

Government Budget

Easy

FRBMA stands for:

Financial Responsibility and Budget Management Act

Fiscal Risk and Budget Management Act

Fiscal Responsibility and Budget Management Act

Fiscal Revenue and Budget Management Act

✅ Correct Option: 3

FRBMA stands for the Fiscal Responsibility and Budget Management Act, enacted in India in 2003 to institutionalise fiscal discipline, reduce the fiscal deficit and improve macroeconomic management of public finances.

2026: 11 May Shift 1

Arrange the following steps in proper sequence with respect to the change in taxes:

A. Decrease in taxes.

B. Shift the aggregate expenditure curve upwards.

C. Increase in disposable income.

D. Negative tax multiplier effect.

Choose the correct answer from the options given below:

2026: 11 May Shift 2

Match the LIST-I with LIST-II

LIST-I	LIST-II
A. Public Good	I. Goods are produced directly by the government
B. Public Production	II. Goods financed through the budget and can be used without any direct payment
C. Private Good	III. Non - Rivalrous
D. Public Provision	IV. Rivalrous

Choose the correct answer from the options given below:

2022: 19 July Shift 2

Identify Indirect Tax among the following :

2025: 26 May Shift 2

Which of the following represents the borrowing requirements of the government for the purposes other than interest payments?

2026: 23 May Shift 1

Revenue receipts are those receipts which___________.

2025: 28 May Shift 2

The standard rate which is applied to the supply of goods and/or services across the country under the GST.

FRBMA stands for:

Solution

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