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Question
Which one of the following was not stipulated in the Fisca Responsibility and Budget Management Act 2003?
Options:
A .  Fixing government guarantees in any financial year as a percentage of GDP
B .  Elimination of primary deficit by the end of the fiscal year 2008-09
C .  Elimination of revenue deficit by the end of the fiscal year 2007-08
D .  Non-borrowing by the Central Government from Reserve Bank of India except - under certain circumstances
Answer: Option B
Answer: (b)

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