2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tamil Nadu
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Haryana
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Andhra Pradesh
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West Bengal
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Detailed explanation-1: -Answer. According to the Reserve Bank of India, Tamil Nadu led the country in market borrowings during 2020-21.
Detailed explanation-2: -Tamil Nadu had an outstanding liability of about ₹4.73 lakh crore at the end of March 2022 on funds raised through the issue of bonds. About 32.4%, or about ₹1.53 lakh crore, of the outstanding amounts are coming up for repayment by 2026-27.
Detailed explanation-3: -States can’t borrow beyond the annual limits set by the central government under Article 293(3) of the Constitution. But states do not need prior consent from the Centre to guarantee the loans and advances, and bonds issued by its entities.
Detailed explanation-4: -The correct option is It acts like a banker’s bank. The Reserve Bank of India, known as RBI, is India’s central bank and regulatory body responsible for the regulation of the Indian banking system. It is under the ownership of the Ministry of Finance, Government of India.
Detailed explanation-5: -₹24.85 lakh crore (US$311 billion) (2022–23 est.) 26.29% of GSDP (2022–23 est.) ₹90, 114 crore (US$11 billion) (3.63% of GSDP) (2022–23 est.)