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    Question

    According to the Indian Constitution, which article

    requires states to obtain the Centre's consent for borrowing if they have an outstanding loan to the Centre?  
    A Article 261(2) Correct Answer Incorrect Answer
    B Article 289(4) Correct Answer Incorrect Answer
    C Article 293(3) Correct Answer Incorrect Answer
    D Article 270(1) Correct Answer Incorrect Answer

    Solution

    Article 293(3) mandates that states must seek the Centre's approval before borrowing if they have outstanding loans from the Centre or loans guaranteed by the Centre. This ensures financial accountability and coordination between the states and the Union government.

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