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According to the Reserve Bank of India’s report titled State Finances: A Study of Budgets of 2023-24, states have sustained improvement in their finances — which was achieved in the financial year 2021-22 — even during 2022-23 with a combined gross fiscal deficit (GFD) at 2.8 per cent of the gross domestic product (GDP). States’ total outstanding liabilities are budgeted to fall to 27.6 per cent of GDP for 2023-24 from the peak of 31 per cent in 2020-21. However, outstanding liabilities may remain higher than 30 per cent of gross state domestic product (GSDP) for many states. In terms of expenditure dynamics, revenue expenditure growth slowed to 8.9 per cent, creating room for higher capital outlay, which surged by 52.6 per cent during the first half of the current financial year. States’ dependence on net market borrowings, which had risen significantly in the past, declined to 76 per cent in the budgeted GFD for 2023-24. Gross market borrowings increased in 2022-23, reaching Rs 7.58 trillion, with some states reducing borrowings in the past two years. Net market borrowings increased by 5.4 per cent in 2022-23, and were concentrated in specific states. In the year 2023-24, states have budgeted revenue expenditure at 14.4 per cent of GDP, with social sector expenditure at 8 per cent of GDP. Committed expenditure, which includes interest payments, administrative services, and pension, is expected to remain at 4.5 per cent of GDP.
In the following question, a word is given in bold. Three jumbled sentences are provided below this word. You have to unjumble these sentences and det...
Given below are three sentences which use a common word highlighted. Find out the correct pair of the sentences that use the word correctly.
i...
Subtle
(i) The evidence is not detailed enough to subtle his argument.
(ii) The flavour of the dried berries is more subtle .
(i...
Select the word which means the same as the group of words given.
Sound of horses
Select the most appropriate antonym of the given word.
Authentic
Ingenious
I. Roti, a type of bread is ingenious to India and other Asian countries.
II. ...
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIA...
Direction: In each of the questions given below, four words are given in bold. These four words may or may not be in their correct position. The senten...
Complement
i. The red wine was a perfect complement to the steak dinner last night.
ii. She received a comp...