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Consider the following statements. 1. If the fiscal deficit ratio is too high it leads to higher rates of interest for the borrowings of private entrepreneurs and businesses. 2. The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 suggests bringing the fiscal deficit down to about 3% plus or minus 2% of the GDP. Which of the above statements is/are correct?
This question appeared in the JKPSC Prelims 2022 examination (GS-I). It is Question 73 out of 100 questions in this paper.
This question was part of the JKPSC Prelims 2022 (GS-I). The JKPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all JKPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.