The main purpose of FRBM Act, 2003 was to bring down the fiscal deficit to a manageable limit of ho

Q. The main purpose of FRBM Act, 2003 was to bring down the fiscal deficit to a manageable limit of how much percentage of the GDP by March 2008?
Answer: 3%
Notes: The main purpose of Fiscal Responsibility and Budget Management Act, 2003 was to bring down the fiscal deficit to a manageable limit of 3% of the GDP by March 2008.

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