UPSC CSE Pre 2018Question #9Fiscal Policy & Budget
Consider the following statements:
1The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments.
2The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments.
3As per the Constitution of India, it is mandatory for a State to take the Central Government's consent for raising any loan if the former owes any outstanding liabilities to the latter.
Which of the statements given above is/are correct?
Q: Consider the following statements: 1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has... | UPSC CSE Pre 2018 PYQ | UPSCGPT