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    Question

    Which of the following term is used when net borrowing

    ceiling for states has been fixed at 4% of the projected GSDP for FY 2021-22?
    A State Loan Limit Correct Answer Incorrect Answer
    B State Debit Limit Correct Answer Incorrect Answer
    C State Credit Limit Correct Answer Incorrect Answer
    D State Borrowing Limit Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    For FY 2021-22, the net borrowing ceiling for states has been fixed at 4% of the projected GSDP (about Rs 8.46 lakh crore), based on recommendations of the Fifteenth Finance Commission.

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