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Recently The Centre and RBI have pulled up banks for lending to state government entities based on the escrow of the state’s future revenue streams or using collectorates and courts as security. Which of the following article of the Indian constitution deals with borrowing by States?
  • a)
    Article 293
  • b)
    Article 292
  • c)
    Article 72
  • d)
    Article 63
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Recently The Centre and RBI have pulled up banks for lending to state...
  • The Centre and RBI have pulled up banks for lending to state government entities based on the escrow of the state’s future revenue streams or using collectorates and courts as security.
  • Article 293 of the Indian constitution deals with borrowing by States (Article 292 regulates borrowing by Central Govt.)
  • Under Article 293 (3), state governments are required to take the Centre’s permission for fresh borrowing, if they are indebted to the Government of India.
  • Every single state is currently indebted to the Centre and thus, all of them require the Centre’s consent to borrow.
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Recently The Centre and RBI have pulled up banks for lending to state government entities based on the escrow of the state’s future revenue streams or using collectorates and courts as security. Which of the following article of the Indian constitution deals with borrowing by States?a)Article 293b)Article 292c)Article 72d)Article 63e)None of theseCorrect answer is option 'A'. Can you explain this answer?
Question Description
Recently The Centre and RBI have pulled up banks for lending to state government entities based on the escrow of the state’s future revenue streams or using collectorates and courts as security. Which of the following article of the Indian constitution deals with borrowing by States?a)Article 293b)Article 292c)Article 72d)Article 63e)None of theseCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Recently The Centre and RBI have pulled up banks for lending to state government entities based on the escrow of the state’s future revenue streams or using collectorates and courts as security. Which of the following article of the Indian constitution deals with borrowing by States?a)Article 293b)Article 292c)Article 72d)Article 63e)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently The Centre and RBI have pulled up banks for lending to state government entities based on the escrow of the state’s future revenue streams or using collectorates and courts as security. Which of the following article of the Indian constitution deals with borrowing by States?a)Article 293b)Article 292c)Article 72d)Article 63e)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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