The Government of India brought the Fiscal Responsibility and Budget Management (FRBM) Act into effect in the year 2004-05. This act was aimed at institutionalizing financial discipline, reducing the deficit, and improving macroeconomic management. Therefore, the correct answer is: (c) 2004-05
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160 Marks
60 Mins English English20 Questions40 Marks12 Mins English English80 Questions160 Marks60 Mins EnglishWhich campaign was started immediately after demonetization to investigate tax evaders of undeclared income under the tax system?
To qualify as a highly senior citizen under the Income Tax Act, a person's age must be above .......... years.
Which of the following taxes does the Center levy, collect, and retain?
The Gross Value Added is estimate d from GDP by adding subsidies on production and subtracting ____.
When was the master direction of RBI on microfinance loans implemented?
Which among the following is not a component of fiscal policies adopted by the Government?
Direct Tax reforms have been part of India’s fiscal consolidation strategy. Which committee recommended the simplification of direct taxes in post-liberalisation India?
Effective Revenue Deficit was introduced in the government budgeting during which year?
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