The government has decided to increase the borrowing limits of states from 3% to what percent of the Gross State Domestic Product (GSDP) for the year 2020-21?

1. 

The government has decided to increase the borrowing limits of states from 3% to what percent of the Gross State Domestic Product (GSDP) for the year 2020-21?
[A]. 10%
[B]. 5%
[C]. 8%
[D]. 7%

Answer: Option B

Explanation:

The government has decided to increase the borrowing limits of states from 3% to 5% of the Gross State Domestic Product (GSDP) for the year 2020-21.

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