Since the pandemic outbreak, the Centre has kept the Net

borrowing Ceiling of the State Governments above the Fiscal Responsibility Legislation (FRL) threshold. It was fixed at ______ of GSDP in FY21, _______ of GSDP in FY22 and _________ of GSDP in FY23.

A 5%, 4%, & 3.5%

B 4.5%, 5%, & 3.5%

C 6%, 5.5%, & 4%

D 5%, 4.5%, & 4%

E None of the above

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Since the pandemic outbreak, the Centre has kept the Net

Solution