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5) Is there an inverse correlation between fiscal deficit (fiscal expansion) and bank credit (monetary expansion)? Is the Fiscal Responsibility and Budget Management (FRBM) Act’s insistence of maintaining fiscal deficit of 3 percent rational? Examine.

Topic: Mobilization of resources

5) Is there an inverse correlation between fiscal deficit (fiscal expansion) and bank credit (monetary expansion)? Is the Fiscal Responsibility and Budget Management (FRBM) Act’s insistence of maintaining fiscal deficit of 3 percent rational? Examine. (200 Words)

The Hindu

The Hindu