New NABARD Grade A : How to prepare ESI for Prelims & Mains- Sources & Strategy
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Question

Consider the following statements with respect to the market borrowing of the government for H2FY24-

I. The central government has decided to stick to its market borrowing plan of Rs 6.55 trillion in the second half (October-March) of financial year 2023-24 (H2FY24).

II. This will include the issuance of sovereign green bonds worth Rs 40,000 crore, as against the Rs 16,000 crore maiden green bonds issued in FY23.

III. Out of the gross market borrowing of Rs 15.43 trillion projected for FY24, the Centre borrowed Rs 8.88 trillion (57.55 per cent) in the first half (April-September). 

Which of the statements is/are incorrect?

A Only I Correct Answer Incorrect Answer
B Only I & II Correct Answer Incorrect Answer
C Only III Correct Answer Incorrect Answer
D Only II Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

  The central government has decided to stick to its market borrowing plan of Rs 6.55 trillion in the second half (October-March) of financial year 2023-24 (H2FY24). This will include the issuance of sovereign green bonds worth Rs 20,000 crore, as against the Rs 16,000 crore maiden green bonds issued in FY23.   Out of the gross market borrowing of Rs 15.43 trillion projected for FY24, the Centre borrowed Rs 8.88 trillion (57.55 per cent) in the first half (April-September). The remaining Rs 6.55 trillion, earmarked for the second half, amounts to 42.45 per cent of the total borrowing.

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