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      Question

      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% Correct Answer Incorrect Answer
      B 4.5%, 5%, & 3.5% Correct Answer Incorrect Answer
      C 6%, 5.5%, & 4% Correct Answer Incorrect Answer
      D 5%, 4.5%, & 4% Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      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 5 per cent of GSDP in FY21, 4 per cent of GSDP in FY22 and 3.5 per cent of GSDP in FY23.

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