Home PYQs UPPSC UPPSC MCQs Prelims 2023 (GS Paper I)

Question

Which statement is true for Finance Sector (Fiscal Management) in the Union Budget-2023?

  1. Twenty years interest free loans to states.
  2. Fiscal Deficit of 3.5% of GSDP allowed for states.
  3. Fiscal Deficit 2025-26, the target is to be below 5.5%.
  4. Budget estimates for 2023-24 total expenditure is 55 lakh Cr

Answer:

Option B: Fiscal Deficit of 3.5% of GSDP allowed for states.

Detailed Solution:

The correct answer is “Fiscal Deficit of 3.5% of GSDP allowed for states.”.

Fiscal Deficit of 3.5% of GSDP allowed for states.