Question
Which of the following statements is/are NOT TRUE with
respect to the data been released in Reserve Bank of India’s report State Finances: A Study of Budgets of 2023-24? I.States’ total outstanding liabilities are budgeted to fall to 22.6 per cent of GDP for 2023-24 from the peak of 31 per cent in 2020-21. II.Gross market borrowings increased in 2022-23, reaching Rs 5.58 trillion, with some states reducing borrowings in the past two years. III.Committed expenditure, which includes interest payments, administrative services, and pension, is expected to remain at 4.5 per cent of GDP.Solution
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.
Calculate the lateral surface area of a right circular cone having a radius of 5 cm and a height of 12 cm.
Two times a number, added to the square of that number, gives 3. What could be the possible answer for this number?
A horse is tethered to a peg fixed at one corner of a rectangular grass field measuring 45 metres in length and 25 metre...
Solve the following :-
Find the square root of 0.0324.
Find the square of 572
What is the square root of 5476?
Find the Square root of √2116
Find the Square root of √14641
If the average of two numbers is 13 and the square root of their product is 12, then the difference between the numbers is: