Article 293 (3) of the Constitution is tool in the hands of centre to check fiscal deterioration on part of states. What is Article 293 (3)?

States must reduce their fiscal expenditure on Centre's instructions

States must take consent of the Centre for additional borrowing

Centre may introduce financial emergency in state to check deteriorating financial situation

Centre may raise interest rates on loans given to states

Article 293 (3) of the Constitution is tool in the hands of centre to

1.	Article 293 (3) of the Constitution is tool in the hands of centre to check fiscal deterioration on part of states. What is Article 293 (3)?
A.	States must take consent of the Centre for additional borrowing
B.	States must reduce their fiscal expenditure on Centre's instructions
C.	Centre may introduce financial emergency in state to check deteriorating financial situation
D.	Centre may raise interest rates on loans given to states
Answer» B. States must reduce their fiscal expenditure on Centre's instructions

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Article 293 (3) of the Constitution is tool in the hands of centre to check fiscal deterioration on part of states. What is Article 293 (3)?

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