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NIACL Model Paper 5 with solutions for free online practice

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Question : 185

Total: 200

The Finance Minister stressed on the need of sharp fiscal correction and new FRBM Act with teeth while presenting Economic Survey for FY 15 recently. What does FRBM stand for?

Fiscal Responsibility and Budget Management
Fiscal Rationing and Budget Management
Fiscal Representation and Budget Management
Fiscal Reciprocity and Budget Management
None of these

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