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Consider the following statements1. 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 Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct 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 statements1. 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 Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct 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 statements1. 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 Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.

Solutions for Consider the following statements1. 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 Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct 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 statements1. 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 Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements1. 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 Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements1. 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 Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements1. 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 Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements1. 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 Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.Which of the statements given above is/are correct?[2018]a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.