Explanation:

- The FRBM Act, 2003, is a key legislation in the Indian economy.

- It was implemented to ensure fiscal discipline for the government.

- F stands for "Fiscal" in the FRBM Act, 2003.

- The Act aims to reduce fiscal deficit, improve management of public funds, and maintain macroeconomic stability.

- Option 1: Financial - Generally relates to finance and investment aspects but not specifically relevant here.

- Option 3: Functional - Usually refers to operational aspects, not related to public finance management.

- Option 4: Freedom - Does not align with the context of fiscal management.

Your Answer is Right