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Consider the following statements. Under the current Fiscal Responsibility and Budget Management (FRBM) provisions, governments are mandated to disclose their contingent liabilities. Under the Constitution, States are not required to take the Centre’s permission when they borrow, even in case the state is indebted to the Centre over a previous loan. Constitution of India allows the President to declare financial emergency in any State if s/he is satisfied that financial stability is threatened.Which of the above statements is/are correct?a)2, 3b)2 onlyc)1, 3d)3 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements. Under the current Fiscal Responsibility and Budget Management (FRBM) provisions, governments are mandated to disclose their contingent liabilities. Under the Constitution, States are not required to take the Centre’s permission when they borrow, even in case the state is indebted to the Centre over a previous loan. Constitution of India allows the President to declare financial emergency in any State if s/he is satisfied that financial stability is threatened.Which of the above statements is/are correct?a)2, 3b)2 onlyc)1, 3d)3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. Under the current Fiscal Responsibility and Budget Management (FRBM) provisions, governments are mandated to disclose their contingent liabilities. Under the Constitution, States are not required to take the Centre’s permission when they borrow, even in case the state is indebted to the Centre over a previous loan. Constitution of India allows the President to declare financial emergency in any State if s/he is satisfied that financial stability is threatened.Which of the above statements is/are correct?a)2, 3b)2 onlyc)1, 3d)3 onlyCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Consider the following statements. Under the current Fiscal Responsibility and Budget Management (FRBM) provisions, governments are mandated to disclose their contingent liabilities. Under the Constitution, States are not required to take the Centre’s permission when they borrow, even in case the state is indebted to the Centre over a previous loan. Constitution of India allows the President to declare financial emergency in any State if s/he is satisfied that financial stability is threatened.Which of the above statements is/are correct?a)2, 3b)2 onlyc)1, 3d)3 onlyCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements. Under the current Fiscal Responsibility and Budget Management (FRBM) provisions, governments are mandated to disclose their contingent liabilities. Under the Constitution, States are not required to take the Centre’s permission when they borrow, even in case the state is indebted to the Centre over a previous loan. Constitution of India allows the President to declare financial emergency in any State if s/he is satisfied that financial stability is threatened.Which of the above statements is/are correct?a)2, 3b)2 onlyc)1, 3d)3 onlyCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements. Under the current Fiscal Responsibility and Budget Management (FRBM) provisions, governments are mandated to disclose their contingent liabilities. Under the Constitution, States are not required to take the Centre’s permission when they borrow, even in case the state is indebted to the Centre over a previous loan. Constitution of India allows the President to declare financial emergency in any State if s/he is satisfied that financial stability is threatened.Which of the above statements is/are correct?a)2, 3b)2 onlyc)1, 3d)3 onlyCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements. Under the current Fiscal Responsibility and Budget Management (FRBM) provisions, governments are mandated to disclose their contingent liabilities. Under the Constitution, States are not required to take the Centre’s permission when they borrow, even in case the state is indebted to the Centre over a previous loan. Constitution of India allows the President to declare financial emergency in any State if s/he is satisfied that financial stability is threatened.Which of the above statements is/are correct?a)2, 3b)2 onlyc)1, 3d)3 onlyCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements. Under the current Fiscal Responsibility and Budget Management (FRBM) provisions, governments are mandated to disclose their contingent liabilities. Under the Constitution, States are not required to take the Centre’s permission when they borrow, even in case the state is indebted to the Centre over a previous loan. Constitution of India allows the President to declare financial emergency in any State if s/he is satisfied that financial stability is threatened.Which of the above statements is/are correct?a)2, 3b)2 onlyc)1, 3d)3 onlyCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements. Under the current Fiscal Responsibility and Budget Management (FRBM) provisions, governments are mandated to disclose their contingent liabilities. Under the Constitution, States are not required to take the Centre’s permission when they borrow, even in case the state is indebted to the Centre over a previous loan. Constitution of India allows the President to declare financial emergency in any State if s/he is satisfied that financial stability is threatened.Which of the above statements is/are correct?a)2, 3b)2 onlyc)1, 3d)3 onlyCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.