Consider the following statements1. 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.2. The Central Government has domestic liabilities of 21% of GDP as compared to that of war of GDP of the State 2 Governments.3. 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.Which of the statements given above is/are correct? - Study24x7
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Consider the following statements

1. 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 Gov...

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A

1 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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