2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to RBI data, which state topped the list in market borrowing among all states?
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Jammu & Kashmir
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Uttarakhand
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Maharashtra
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Tamil Nadu
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Explanation:
Detailed explanation-1: -For third year in a row, Tamil Nadu has topped the list of States with highest market borrowings. According to RBI data, Tamil Nadu’s gross market borrowings through State Development Loans (SDLs) stood at ₹68, 000 crore during April-February FY23.
Detailed explanation-2: -Expenditure (excluding debt repayment) in 2023-24 is estimated to be Rs 3, 65, 321 crore, an increase of 14% over the revised estimate of 2022-23. In addition, debt of Rs 43, 826 crore will be repaid by the state. In 2022-23, expenditure (excluding debt repayment) is estimated to be 4% lower than the budget estimate.
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