APPSC Group 2 Prelims 11-jun-2017 Solved Paper

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Question : 109 of 150

Marks: +1, -0

Fiscal Responsibility and Budget Management (FRBM) Act does not

Prescribe limits for fiscal and revenue deficits
Prescribe certain vision statements to be laid along with the budgets
Provide for penal provisions if deficit targets are not met
Apply both at Central and State level

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