UPSC Exam > UPSC Questions > Consider the following statements regarding t...
Start Learning for Free
Consider the following statements regarding the Special Assistance to States for Capital Investment Scheme:
- Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates.
- The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.
Which of the statements given above is/are correct?
- a)1 Only
- b)2 Only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
Consider the following statements regarding the Special Assistance to ...
The Central Government listed 7 priorities – called ‘Saptarishi’ in Budget 2023- inclusive development, Last mile delivery, Infrastructure and Investment, Green growth, Youth power, Unleashing potential, and Financial inclusion.
Key Initiatives under Infrastructure and Investment:
Support to State Governments for Capital Investment:
- Last year, the Government of India launched a Scheme Special Assistance to States for Capital Investment for 2022-23.
- Under this Scheme, financial assistance is provided to the State Governments in the form of a 50-year interest-free loan for capital investment projects.
- The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.
- Budget 2023: The scheme will be continued for one more year with a significantly enhanced outlay of 1.3 lakh crore.
Hence only statement 2 is correct.
Most Upvoted Answer
Consider the following statements regarding the Special Assistance to ...
Statement 1: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates.
Statement 2: The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.
The correct answer is Option B - 2 Only.
Explanation:
The Special Assistance to States for Capital Investment Scheme is a centrally sponsored scheme aimed at providing financial assistance to the State Governments for their capital investment requirements. Let us evaluate each statement individually:
Statement 1: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates.
This statement is correct. The Special Assistance to States for Capital Investment Scheme provides financial assistance to the State Governments in the form of long-term loans. These loans are provided at low interest rates, which helps the States to fund their capital investment requirements in a cost-effective manner.
Statement 2: The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.
This statement is incorrect. The loan provided under the Special Assistance to States for Capital Investment Scheme is not over and above the normal borrowing ceiling allowed to the States. The borrowing ceiling refers to the limit set by the central government on the amount of borrowing that a State can undertake. The scheme provides financial assistance within the existing borrowing limits of the States and does not exceed those limits.
Therefore, only Statement 1 is correct, and the correct answer is Option B - 2 Only.
Statement 2: The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.
The correct answer is Option B - 2 Only.
Explanation:
The Special Assistance to States for Capital Investment Scheme is a centrally sponsored scheme aimed at providing financial assistance to the State Governments for their capital investment requirements. Let us evaluate each statement individually:
Statement 1: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates.
This statement is correct. The Special Assistance to States for Capital Investment Scheme provides financial assistance to the State Governments in the form of long-term loans. These loans are provided at low interest rates, which helps the States to fund their capital investment requirements in a cost-effective manner.
Statement 2: The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.
This statement is incorrect. The loan provided under the Special Assistance to States for Capital Investment Scheme is not over and above the normal borrowing ceiling allowed to the States. The borrowing ceiling refers to the limit set by the central government on the amount of borrowing that a State can undertake. The scheme provides financial assistance within the existing borrowing limits of the States and does not exceed those limits.
Therefore, only Statement 1 is correct, and the correct answer is Option B - 2 Only.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Consider the following statements regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. 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 regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements regarding the Special Assistance to States for Capital Investment Scheme: Under the scheme, financial assistance is provided to the State Governments in the form of long-term loans with low interest rates. The loan provided under the scheme will be over and above the normal borrowing ceiling allowed to the States.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup