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    In which year did the Government of India bring FRBM (Fiscal Responsibility and Budget Management) Act into effect?
    Question

    In which year did the Government of India bring FRBM (Fiscal Responsibility and Budget Management) Act into effect?

    A.

    2015-16

    B.

    2012-13

    C.

    2004-05

    D.

    2008-09

    Correct option is C

    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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