The FRBM review committee headed by N.K.Singh recommended debt to GDP ratio as ____ for Central government and ___ for states government
A
40 and 20
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B
60 and 20
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C
80 and 20
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Solution
The correct option is A 40 and 20 The FRBM review committee had recommended a debt-to-GDP ratio of 38.7% (40 %) for the central government, 20% for the state governments together and a fiscal deficit of 2.5% of GDP, by financial year 2022-23.