This is the Vocab24 daily quiz of 15 May 2025, the same 30 questions the app served that day, on the day's vocabulary and editorial. One mark for a right answer, minus 0.25 for a wrong one; the explanation opens as soon as you tap.
Out of the given alternatives select the alternative which best expresses the meaning of given word.
Aspect
Out of the given alternatives select the alternative which best expresses the meaning of given word.
Expatriates
Out of the given alternatives select the alternative which best expresses the meaning of given word.
Sacking
Out of the given alternatives select the alternative which best expresses the meaning of given word.
Ousted
Out of the given alternatives select the word opposite in meaning to the given word.
Coalition
Out of the given alternatives select the word opposite in meaning to the given word.
Prestigious
Out of the given alternatives select the word opposite in meaning to the given word.
Instances
Out of the given alternatives select the word opposite in meaning to the given word.
Mounting
Out of given alternatives, choose the word which can be substituted for the given words/ sentence.
A particular part or feature of something.
Out of given alternatives, choose the word which can be substituted for the given words/ sentence.
Drive out or expel (someone) from a position or place.
Out of given alternatives, choose the word which can be substituted for the given words/ sentence.
An example or single occurrence of something.
Out of given alternatives, choose the word which can be substituted for the given words/ sentence.
To accept something enthusiastically.
A statement with one blank is given below. Choose the set of words from the given options which can be used to fill the given blank.
Our country is spiritual country, theirs ____ religious.
Explanation: Solution: <br> This question is about subject-verb agreement. <br> Subject-verb agreement means the verb in a sentence must agree in number (singular or plural) with its subject.v The sentence starts with 'Our country,' which is singular. Therefore, the verb needs to be singular. <br> Let's look at the options: <br> A. 'is' - This is a singular verb. <br> B. 'are' - This is a plural verb. <br> C. 'also' - This is an adverb, not a verb. <br> D. 'have' - This is a plural verb. <br> Since 'Our country' is singular, the correct verb is 'is'. The complete sentence would be: 'Our country is a spiritual country, theirs is also religious.'
A statement with one blank is given below. Choose the set of words from the given options which can be used to fill the given blank.
Our sir teaches Mathematics ____ English.
Explanation: Solution: <br> 1. Option A: across<br> Across means from one side to the other. <br> It does not fit the context of teaching two subjects. <br> 2. Option B: besides<br> Besides means in addition to. <br> This is the correct option because it indicates that English is another subject taught in addition to Mathematics. <br> 3. Option C: beside<br> Beside means next to or by the side of. <br> It does not fit the context of teaching subjects. <br> 4. Option D: both<br> Both is a pronoun indicating two things. <br> However, it requires a conjunction like and to make the sentence grammatically correct (e.g., 'Our sir teaches both Mathematics and English').<br> Since the question is looking for a preposition, this option is incorrect. <br> Therefore, the best option is B: besides, as it accurately conveys that the teacher teaches English in addition to Mathematics.
A statement with one blank is given below. Choose the set of words from the given options which can be used to fill the given blank.
Please, come ____ the bathroom.
Explanation: Solution: <br> The correct answer is Option A: out of. <br> In this sentence, the phrase 'out of' is used to indicate movement from inside a specific place (the bathroom) to the outside. <br> Why other options are incorrect: <br> Option B: over: The word 'over' is typically used to indicate movement or direction above something, which is not appropriate in this context. <br> Option C: on: The word 'on' indicates a position on a surface, not movement from one place to another. <br> Option D: in: The word 'in' is used to indicate movement into a place, which is the opposite of the required context. <br> Thus, the correct answer is Option A: out of, as it correctly conveys the intended meaning of leaving the bathroom.
Out of given alternatives select the option which best expresses the meaning of given idiom/ phrase.
Rajeev achieved success by resorting to a hole and corner method.
Explanation: hole and corner: furtive or secretive
Out of given alternatives select the option which best expresses the meaning of given idiom/ phrase.
There is no love lost between the two neighbours.
Explanation: no love lost: intense hatred.
Out of given alternatives select the option which best expresses the meaning of given idiom/ phrase.
He is a person after my own heart.
Explanation: person after my own heart: someone who likes the same things.
Out of given alternatives select the word which is correctly spelt.
Choose the correct spelling.
Out of given alternatives select the word which is correctly spelt.
Choose the correct spelling.
Out of given alternatives select the word which is correctly spelt.
Choose the correct spelling.
Out of given alternatives select the word which is correctly spelt.
Choose the correct spelling.
Which of phrases given below each sentence should replace the phrase printed in bold type to make the grammatically correct? If the sentence is correct as it is, mark 'd' as the answer.
Let's all work (a) together as like homogenous (b)/ group so that success would be obvious (c)/ No error (d)
Explanation: ommit 'like'
Which of phrases given below each sentence should replace the phrase printed in bold type to make the grammatically correct? If the sentence is correct as it is, mark 'd' as the answer.
The reason for (a)/ his failure is because (b)/ he did not work hard (c)/ No error (d)
Explanation: omit because
Which of phrases given below each sentence should replace the phrase printed in bold type to make the grammatically correct? If the sentence is correct as it is, mark 'd' as the answer.
Food as well as water (a)/ is necessary (b)/ for life (c)/ No error (d)
Directions: Study the following passage and answer the questions given beside. <br><br> The fiscal position of states deteriorated in 2017-18 over 2016-17 as revenue deficit for most states widened whereas states with revenue surplus witnessed a decline in their surplus, according to a Care Ratings report. Stating that the states have increased their focus on asset creation, which is crucial for future growth and development, it said that 14 out of 24 states analysed in the report witnessed an increase in expenditure towards asset creation in FY18. <br><br> As states have been termed to be treading on the fiscal consolidation path, the report pointed that the gross fiscal deficit to gross state domestic product (GFD to GSDP) ratio has been within the 3 per cent norm for most states. Though most states managed to keep it under 3.5 per cent, some that breached it include Punjab, Himachal Pradesh, Jammu & Kashmir, Nagaland and Bihar. 'In FY17, 10 states had a fiscal deficit ratio of over 3 per cent. In FY18, 14 states exceeded the 3 per cent mark, of which five were higher than 3.5 per cent, which is a concern,' said the report. However, the report pointed that majority of the states adhered to the fiscal deficit norms stipulated by the Finance Commission. <br><br> On a consolidated basis, the states have seen a rise in their revenue expenditure. Bihar, Odisha, Chhattisgarh and Uttar Pradesh, which had a revenue surplus in FY17, saw them narrow down in FY18 . Assam, Punjab, Rajasthan, Tamil Nadu and Maharashtra that had registered revenue deficit in FY17, saw it widen in FY18. J&K, Jharkhand and Gujarat improved on their revenue surplus. States like Andhra Pradesh, Kerala, West Bengal and Haryana reduced their revenue deficit. <br><br> As per the 14th Finance Commission, all states are required to maintain a zero revenue deficit. The prevalence of revenue deficits is indicative of the fiscal pressure faced by 10 states that recorded revenue deficit in FY18. Most states managed to keep their debt levels (as a percentage of GSDP) stable. While 11 out of 19 states maintained their debt below the stipulated norm of 25 per cent of GSDP in FY18, 10 out of 21 states have their interest to revenue receipts ratio below the 10 per cent norm. Punjab and West Bengal are among the most indebted states as over 20 per cent of their revenue receipts are spent towards interest payments which pressurises their ability to spend on development purposes. The interest burden for Punjab, West Bengal and Tamil Nadu accounted for over 15 per cent of their revenues. <br><br> However, in absolute terms, Maharashtra and Uttar Pradesh have the highest debt levels at over Rs 4 lakh crore. On the other hand, Karnataka, Chhattisgarh, Odisha and Telangana have efficiently managed their debt obligations and have low debt to GSDP and interest to revenue receipt ratios i.e. within the stipulated norm of 25 per cent and 10 per cent, respectively. <br><br> While capital expenditure for the government is important and adds to the capital stock of the regional economy and provides a foundation for future growth and development, the report says that the consolidated expenditure by states towards asset creation continues to be under 15 per cent of their total expenditure. While the expenditure incurred towards capital projects by states at the consolidated level stood stable at 14.2 per cent of total expenditure, it said that at the state level, there has been a focus on creation of capital assets. Higher expenditure towards capital outlay has been incurred by 14 out of 24 states in FY18 from a year ago. 10 states saw their capital outlay as a percentage of total expenditure decline. While Goa had the highest allocation towards asset creation at 27 per cent of its expenditure, Punjab and Chhattisgarh have the lowest at 4 per cent of total expenditure.
As per the 14th Finance Commission the states must adhere to which fiscal deficit norms?
Explanation: Refer to paragraph 3: <br> "ž"¦As per the 14th Finance Commission, all states are required to maintain a zero revenue deficit. The prevalence of revenue deficits is indicative of the fiscal pressure faced by 10 states that recorded revenue deficit in FY18. Most states managed to keep their debt levels (as a percentage of GSDP) stable. While 11 out of 19 states maintained their debt below the stipulated norm of 25 per cent of GSDP in FY18, 10 out of 21 states have their interest to revenue receipts ratio below the 10 per cent norm.."Ÿ <br> Option A is incorrect. As per FY18, States must have their interest to revenue receipts ratio below the 10 per cent norm. This option is incorrect because it says 25 per cent instead of 10 per cent. <br> Option C is also incorrect because in the passage there is no mention of any states exempt from the norms set by FY18. <br> Option D is incorrect because the passage says that Goa had the highest allocation towards asset creation at 27 per cent of its expenditure, whereas Punjab and Chhattisgarh had the lowest at 4 per cent of total expenditure. However, nowhere in the passage is it stated that it is a norm set by the 14th FC. <br> Option B is correct because according to the passage, the 14 th Finance Commission set a zero revenue deficit norm for all states. <br> <br>Hence, option B is correct.
Directions: Study the following passage and answer the questions given beside. <br><br> The fiscal position of states deteriorated in 2017-18 over 2016-17 as revenue deficit for most states widened whereas states with revenue surplus witnessed a decline in their surplus, according to a Care Ratings report. Stating that the states have increased their focus on asset creation, which is crucial for future growth and development, it said that 14 out of 24 states analysed in the report witnessed an increase in expenditure towards asset creation in FY18. <br><br> As states have been termed to be treading on the fiscal consolidation path, the report pointed that the gross fiscal deficit to gross state domestic product (GFD to GSDP) ratio has been within the 3 per cent norm for most states. Though most states managed to keep it under 3.5 per cent, some that breached it include Punjab, Himachal Pradesh, Jammu & Kashmir, Nagaland and Bihar. 'In FY17, 10 states had a fiscal deficit ratio of over 3 per cent. In FY18, 14 states exceeded the 3 per cent mark, of which five were higher than 3.5 per cent, which is a concern,' said the report. However, the report pointed that majority of the states adhered to the fiscal deficit norms stipulated by the Finance Commission. <br><br> On a consolidated basis, the states have seen a rise in their revenue expenditure. Bihar, Odisha, Chhattisgarh and Uttar Pradesh, which had a revenue surplus in FY17, saw them narrow down in FY18 . Assam, Punjab, Rajasthan, Tamil Nadu and Maharashtra that had registered revenue deficit in FY17, saw it widen in FY18. J&K, Jharkhand and Gujarat improved on their revenue surplus. States like Andhra Pradesh, Kerala, West Bengal and Haryana reduced their revenue deficit. <br><br> As per the 14th Finance Commission, all states are required to maintain a zero revenue deficit. The prevalence of revenue deficits is indicative of the fiscal pressure faced by 10 states that recorded revenue deficit in FY18. Most states managed to keep their debt levels (as a percentage of GSDP) stable. While 11 out of 19 states maintained their debt below the stipulated norm of 25 per cent of GSDP in FY18, 10 out of 21 states have their interest to revenue receipts ratio below the 10 per cent norm. Punjab and West Bengal are among the most indebted states as over 20 per cent of their revenue receipts are spent towards interest payments which pressurises their ability to spend on development purposes. The interest burden for Punjab, West Bengal and Tamil Nadu accounted for over 15 per cent of their revenues. <br><br> However, in absolute terms, Maharashtra and Uttar Pradesh have the highest debt levels at over Rs 4 lakh crore. On the other hand, Karnataka, Chhattisgarh, Odisha and Telangana have efficiently managed their debt obligations and have low debt to GSDP and interest to revenue receipt ratios i.e. within the stipulated norm of 25 per cent and 10 per cent, respectively. <br><br> While capital expenditure for the government is important and adds to the capital stock of the regional economy and provides a foundation for future growth and development, the report says that the consolidated expenditure by states towards asset creation continues to be under 15 per cent of their total expenditure. While the expenditure incurred towards capital projects by states at the consolidated level stood stable at 14.2 per cent of total expenditure, it said that at the state level, there has been a focus on creation of capital assets. Higher expenditure towards capital outlay has been incurred by 14 out of 24 states in FY18 from a year ago. 10 states saw their capital outlay as a percentage of total expenditure decline. While Goa had the highest allocation towards asset creation at 27 per cent of its expenditure, Punjab and Chhattisgarh have the lowest at 4 per cent of total expenditure.
What could be a suitable title for the passage?
Explanation: The entire passage talks about the results/findings of the Care Ratings report for the Financial Year 2018. Options A, B, C and E all depict only a part of the passage and hence, none of these are a suitable title. Therefore, option D fits best and is the correct answer.
Directions: Study the following passage and answer the questions given beside. <br><br> The fiscal position of states deteriorated in 2017-18 over 2016-17 as revenue deficit for most states widened whereas states with revenue surplus witnessed a decline in their surplus, according to a Care Ratings report. Stating that the states have increased their focus on asset creation, which is crucial for future growth and development, it said that 14 out of 24 states analysed in the report witnessed an increase in expenditure towards asset creation in FY18. <br><br> As states have been termed to be treading on the fiscal consolidation path, the report pointed that the gross fiscal deficit to gross state domestic product (GFD to GSDP) ratio has been within the 3 per cent norm for most states. Though most states managed to keep it under 3.5 per cent, some that breached it include Punjab, Himachal Pradesh, Jammu & Kashmir, Nagaland and Bihar. 'In FY17, 10 states had a fiscal deficit ratio of over 3 per cent. In FY18, 14 states exceeded the 3 per cent mark, of which five were higher than 3.5 per cent, which is a concern,' said the report. However, the report pointed that majority of the states adhered to the fiscal deficit norms stipulated by the Finance Commission. <br><br> On a consolidated basis, the states have seen a rise in their revenue expenditure. Bihar, Odisha, Chhattisgarh and Uttar Pradesh, which had a revenue surplus in FY17, saw them narrow down in FY18 . Assam, Punjab, Rajasthan, Tamil Nadu and Maharashtra that had registered revenue deficit in FY17, saw it widen in FY18. J&K, Jharkhand and Gujarat improved on their revenue surplus. States like Andhra Pradesh, Kerala, West Bengal and Haryana reduced their revenue deficit. <br><br> As per the 14th Finance Commission, all states are required to maintain a zero revenue deficit. The prevalence of revenue deficits is indicative of the fiscal pressure faced by 10 states that recorded revenue deficit in FY18. Most states managed to keep their debt levels (as a percentage of GSDP) stable. While 11 out of 19 states maintained their debt below the stipulated norm of 25 per cent of GSDP in FY18, 10 out of 21 states have their interest to revenue receipts ratio below the 10 per cent norm. Punjab and West Bengal are among the most indebted states as over 20 per cent of their revenue receipts are spent towards interest payments which pressurises their ability to spend on development purposes. The interest burden for Punjab, West Bengal and Tamil Nadu accounted for over 15 per cent of their revenues. <br><br> However, in absolute terms, Maharashtra and Uttar Pradesh have the highest debt levels at over Rs 4 lakh crore. On the other hand, Karnataka, Chhattisgarh, Odisha and Telangana have efficiently managed their debt obligations and have low debt to GSDP and interest to revenue receipt ratios i.e. within the stipulated norm of 25 per cent and 10 per cent, respectively. <br><br> While capital expenditure for the government is important and adds to the capital stock of the regional economy and provides a foundation for future growth and development, the report says that the consolidated expenditure by states towards asset creation continues to be under 15 per cent of their total expenditure. While the expenditure incurred towards capital projects by states at the consolidated level stood stable at 14.2 per cent of total expenditure, it said that at the state level, there has been a focus on creation of capital assets. Higher expenditure towards capital outlay has been incurred by 14 out of 24 states in FY18 from a year ago. 10 states saw their capital outlay as a percentage of total expenditure decline. While Goa had the highest allocation towards asset creation at 27 per cent of its expenditure, Punjab and Chhattisgarh have the lowest at 4 per cent of total expenditure.
What economic indicators does Care Ratings consider while giving its report? <br> I. Revenue surplus<br> II. Revenue deficit<br> III. Interest to revenue receipts ratio<br> IV. Gross Fiscal Deficit to GSDP ratio
Explanation: Refer to: "ž..As states have been termed to be treading on the fiscal consolidation path, the report pointed that the gross fiscal deficit to gross state domestic product (GFD to GSDP) ratio.."Ÿ <br> "ž..The prevalence of revenue deficits is indicative of the fiscal pressure faced by 10 states that recorded revenue deficit in FY18. Most states managed to keep their debt levels (as a percentage of GSDP) stable. While 11 out of 19 states maintained their debt below the stipulated norm of 25 per cent of GSDP in FY18, 10 out of 21 states have their interest to revenue receipts ratio below the 10 per cent norm."Ÿ <br> "ž..The fiscal position of states deteriorated in 2017-18 over 2016-17 as revenue deficit for most states widened whereas states with revenue surplus witnessed a decline in their surplus, according to a Care Ratings report"¦"Ÿ<br> As per the fragments highlighted above, all of the options have been mentioned in the CARE report and are correct. <br> Hence, option E is correct
Directions: Study the following passage and answer the questions given beside. <br><br> The fiscal position of states deteriorated in 2017-18 over 2016-17 as revenue deficit for most states widened whereas states with revenue surplus witnessed a decline in their surplus, according to a Care Ratings report. Stating that the states have increased their focus on asset creation, which is crucial for future growth and development, it said that 14 out of 24 states analysed in the report witnessed an increase in expenditure towards asset creation in FY18. <br><br> As states have been termed to be treading on the fiscal consolidation path, the report pointed that the gross fiscal deficit to gross state domestic product (GFD to GSDP) ratio has been within the 3 per cent norm for most states. Though most states managed to keep it under 3.5 per cent, some that breached it include Punjab, Himachal Pradesh, Jammu & Kashmir, Nagaland and Bihar. 'In FY17, 10 states had a fiscal deficit ratio of over 3 per cent. In FY18, 14 states exceeded the 3 per cent mark, of which five were higher than 3.5 per cent, which is a concern,' said the report. However, the report pointed that majority of the states adhered to the fiscal deficit norms stipulated by the Finance Commission. <br><br> On a consolidated basis, the states have seen a rise in their revenue expenditure. Bihar, Odisha, Chhattisgarh and Uttar Pradesh, which had a revenue surplus in FY17, saw them narrow down in FY18 . Assam, Punjab, Rajasthan, Tamil Nadu and Maharashtra that had registered revenue deficit in FY17, saw it widen in FY18. J&K, Jharkhand and Gujarat improved on their revenue surplus. States like Andhra Pradesh, Kerala, West Bengal and Haryana reduced their revenue deficit. <br><br> As per the 14th Finance Commission, all states are required to maintain a zero revenue deficit. The prevalence of revenue deficits is indicative of the fiscal pressure faced by 10 states that recorded revenue deficit in FY18. Most states managed to keep their debt levels (as a percentage of GSDP) stable. While 11 out of 19 states maintained their debt below the stipulated norm of 25 per cent of GSDP in FY18, 10 out of 21 states have their interest to revenue receipts ratio below the 10 per cent norm. Punjab and West Bengal are among the most indebted states as over 20 per cent of their revenue receipts are spent towards interest payments which pressurises their ability to spend on development purposes. The interest burden for Punjab, West Bengal and Tamil Nadu accounted for over 15 per cent of their revenues. <br><br> However, in absolute terms, Maharashtra and Uttar Pradesh have the highest debt levels at over Rs 4 lakh crore. On the other hand, Karnataka, Chhattisgarh, Odisha and Telangana have efficiently managed their debt obligations and have low debt to GSDP and interest to revenue receipt ratios i.e. within the stipulated norm of 25 per cent and 10 per cent, respectively. <br><br> While capital expenditure for the government is important and adds to the capital stock of the regional economy and provides a foundation for future growth and development, the report says that the consolidated expenditure by states towards asset creation continues to be under 15 per cent of their total expenditure. While the expenditure incurred towards capital projects by states at the consolidated level stood stable at 14.2 per cent of total expenditure, it said that at the state level, there has been a focus on creation of capital assets. Higher expenditure towards capital outlay has been incurred by 14 out of 24 states in FY18 from a year ago. 10 states saw their capital outlay as a percentage of total expenditure decline. While Goa had the highest allocation towards asset creation at 27 per cent of its expenditure, Punjab and Chhattisgarh have the lowest at 4 per cent of total expenditure.
According to the passage which of the following states saw their revenue deficits widen in Financial Year 2018?
Explanation: "ž"¦On a consolidated basis, the states have seen a rise in their revenue expenditure. Bihar, Odisha, Chhattisgarh and Uttar Pradesh, which had a revenue surplus in FY17, saw them narrow down in FY18 (as per the revised estimates). Assam, Punjab, Rajasthan, Tamil Nadu and Maharashtra that had registered revenue deficit in FY17, saw it widen in FY18. J&K, Jharkhand and Gujarat improved"¦"Ÿ<br> As per the Care Ratings report, the states highlighted in option B showed an increase in their respective revenue deficits in FY18. <br> Hence, option B is the answer.
Directions: Study the following passage and answer the questions given beside. <br><br> The fiscal position of states deteriorated in 2017-18 over 2016-17 as revenue deficit for most states widened whereas states with revenue surplus witnessed a decline in their surplus, according to a Care Ratings report. Stating that the states have increased their focus on asset creation, which is crucial for future growth and development, it said that 14 out of 24 states analysed in the report witnessed an increase in expenditure towards asset creation in FY18. <br><br> As states have been termed to be treading on the fiscal consolidation path, the report pointed that the gross fiscal deficit to gross state domestic product (GFD to GSDP) ratio has been within the 3 per cent norm for most states. Though most states managed to keep it under 3.5 per cent, some that breached it include Punjab, Himachal Pradesh, Jammu & Kashmir, Nagaland and Bihar. 'In FY17, 10 states had a fiscal deficit ratio of over 3 per cent. In FY18, 14 states exceeded the 3 per cent mark, of which five were higher than 3.5 per cent, which is a concern,' said the report. However, the report pointed that majority of the states adhered to the fiscal deficit norms stipulated by the Finance Commission. <br><br> On a consolidated basis, the states have seen a rise in their revenue expenditure. Bihar, Odisha, Chhattisgarh and Uttar Pradesh, which had a revenue surplus in FY17, saw them narrow down in FY18 . Assam, Punjab, Rajasthan, Tamil Nadu and Maharashtra that had registered revenue deficit in FY17, saw it widen in FY18. J&K, Jharkhand and Gujarat improved on their revenue surplus. States like Andhra Pradesh, Kerala, West Bengal and Haryana reduced their revenue deficit. <br><br> As per the 14th Finance Commission, all states are required to maintain a zero revenue deficit. The prevalence of revenue deficits is indicative of the fiscal pressure faced by 10 states that recorded revenue deficit in FY18. Most states managed to keep their debt levels (as a percentage of GSDP) stable. While 11 out of 19 states maintained their debt below the stipulated norm of 25 per cent of GSDP in FY18, 10 out of 21 states have their interest to revenue receipts ratio below the 10 per cent norm. Punjab and West Bengal are among the most indebted states as over 20 per cent of their revenue receipts are spent towards interest payments which pressurises their ability to spend on development purposes. The interest burden for Punjab, West Bengal and Tamil Nadu accounted for over 15 per cent of their revenues. <br><br> However, in absolute terms, Maharashtra and Uttar Pradesh have the highest debt levels at over Rs 4 lakh crore. On the other hand, Karnataka, Chhattisgarh, Odisha and Telangana have efficiently managed their debt obligations and have low debt to GSDP and interest to revenue receipt ratios i.e. within the stipulated norm of 25 per cent and 10 per cent, respectively. <br><br> While capital expenditure for the government is important and adds to the capital stock of the regional economy and provides a foundation for future growth and development, the report says that the consolidated expenditure by states towards asset creation continues to be under 15 per cent of their total expenditure. While the expenditure incurred towards capital projects by states at the consolidated level stood stable at 14.2 per cent of total expenditure, it said that at the state level, there has been a focus on creation of capital assets. Higher expenditure towards capital outlay has been incurred by 14 out of 24 states in FY18 from a year ago. 10 states saw their capital outlay as a percentage of total expenditure decline. While Goa had the highest allocation towards asset creation at 27 per cent of its expenditure, Punjab and Chhattisgarh have the lowest at 4 per cent of total expenditure.
Which of the following is/are not correct with respect to the passage? I. All States need to cap their debt obligations to below 25% of their respective GSDPs. <br> II. 14 out of 24 states that have been analysed in the report witnessed an increase in expenditure towards asset creation in FY17. <br> III. All states are required to maintain a zero-revenue surplus as per the 14th Finance Commission.
Explanation: Refer to paragraph 5<br> "ž"¦On the other hand, Karnataka, Chhattisgarh, Odisha and Telangana have efficiently managed their debt obligations and have low debt to GSDP and interest to revenue receipt ratios i.e. within the stipulated norm of 25 per centand 10 per cent, respectively. ..."Ÿ <br> Refer to paragraph 1<br> "ž"¦according to a Care Ratings report. Stating that the states have increased their focus on asset creation, which is crucial for future growth and development, it said that 14 out of 24 states analysed in the report witnessed an increase in expenditure towards asset creation in FY18. "¦"Ÿ<br> Refer to paragraph 4<br>
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