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Home Questions & Answers General Knowledge Economics Question Answers 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 ?

  • Elimination of revenue deficit by the end of the fiscal year 2007-08
  • Non-borrowing by the central government from Reserve Bank of India except under certain circumstances
  • Elimination of primary deficit by the end of the fiscal year 2008-09
  • Fixing government guarantees in any financial year as a percentage of GDP