MCQOPTIONS
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MCQOPTIONS
| 1. |
Consider the following statements:1. The 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.2. The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments.3. As 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? |
| A. | 1 only |
| B. | 2 and 3 only |
| C. | 1 and 3 only |
| D. | 1, 2 and 3 |
| Answer» D. 1, 2 and 3 | |