Economics • Indian EconomyMedium
The NK Singh Committee, constituted by the Government of India in 2016, was appointed to review which of the following legislations?
A. Fiscal Responsibility and Budget Management (FRBM) Act✓ Correct Answer
B. Insolvency and Bankruptcy Code (IBC)
C. Prevention of Money Laundering Act (PMLA)
D. Foreign Exchange Management Act (FEMA)
💡 Solution & Explanation
The NK Singh Committee was established in 2016 to review the Fiscal Responsibility and Budget Management Act of 2003, recommending structural fiscal consolidation targets for the central government. Other legislative reviews like the Insolvency and Bankruptcy Code addressed corporate restructuring. Fiscal policy committees are frequent subjects in economics current affairs.
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