Economics • Indian EconomyMedium
Which committee was appointed by the Government of India to review the Fiscal Responsibility and Budget Management (FRBM) Act and recommend a fiscal roadmap?
A. N.K. Singh Committee✓ Correct Answer
B. Urjit Patel Committee
C. P.J. Nayak Committee
D. Suresh Tendulkar Committee
💡 Solution & Explanation
The N.K. Singh Committee was established in 2016 by the central government to evaluate the Fiscal Responsibility and Budget Management framework and propose sustainable debt and deficit paths. Alternative figures like Urjit Patel led panels on monetary policy frameworks rather than fiscal consolidation roadmaps. Committee recommendations on fiscal deficit targets are vital for reading the Union Budget in economics.
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