Prelims 2018 • Paper 1 (GS) • Q.9

Prelims • Paper 1 (GS) • 2018 • Q.9

Polity

Consider the following statements :

The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments.

The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Governments.

As per the Constitution of India, it is mandatory for a State to take the Central Government's consent for raising any loan if the former owes any outstanding liabilities to the latter.

2018 Prelims • Paper 1 (GS)

Q.8 Q.10

Syllabus Connection

Functions and responsibilities of the Union and the States, issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein. (GS-II)

NCERT Connection

Ch.7: Federalism

Politics • Class 11 • Class 11 Indian Constitution at work

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