The FRBM (Fiscal Responsibility and Budget Management) framework mandates the Central Government to limit the Central Government Debt and the General Government Debt by $31^{st}$ March 2025. What are…

Question

The FRBM (Fiscal Responsibility and Budget Management) framework mandates the Central Government to limit the Central Government Debt and the General Government Debt by $31^{st}$ March 2025. What are the limits of the Central Government Debt and the General Government Debt, respectively?

PYQPulse · Accepted Answer

40 percent of GDP and 60 percent of GDP, respectively

PYQPulse · Answer

Explanation: The Fiscal Responsibility and Budget Management (FRBM) framework is a key legislation in India designed to bring fiscal discipline. It mandates the government to manage public finances effectively, aiming to reduce the fiscal deficit and government debt.

The FRBM (Fiscal Responsibility and Budget Management) framework mandates the Central Government to limit the Central Government Debt and the General Government Debt by $31^{st}$ March 2025. What are the limits of the Central Government Debt and the General Government Debt, respectively?

Answer: D. 40 percent of GDP and 60 percent of GDP, respectively

Explanation

The FRBM (Fiscal Responsibility and Budget Management) framework mandates the Central Government to limit the Central Government Debt and the General Government Debt by $31^{st}$ March 2025. What are the limits of the Central Government Debt and the General Government Debt, respectively?

Answer: D. 40 percent of GDP and 60 percent of GDP, respectively

Explanation