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      Question

      To what level did consolidated outstanding liabilities of states decline by end-March 2024?

      A 31.0% of GDP Correct Answer Incorrect Answer
      B 29.5% of GDP Correct Answer Incorrect Answer
      C 29.2% of GDP Correct Answer Incorrect Answer
      D 28.1% of GDP Correct Answer Incorrect Answer
      E 27.0% of GDP Correct Answer Incorrect Answer

      Solution

      The RBI report notes that consolidated outstanding liabilities of states declined to 28.1% of GDP by end-March 2024. This marked an improvement from the peak level of 31% of GDP recorded in March 2021.

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