This is the Vocab24 daily quiz of 18 November 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.
Audacious
Out of the given alternatives select the alternative which best expresses the meaning of given word.
Convoluted
Out of the given alternatives select the alternative which best expresses the meaning of given word.
Treacherous
Out of the given alternatives select the alternative which best expresses the meaning of given word.
Inept
Out of the given alternatives select the word opposite in meaning to the given word.
Prolific
Out of the given alternatives select the word opposite in meaning to the given word.
Immaculate
Out of the given alternatives select the word opposite in meaning to the given word.
Stark
Out of the given alternatives select the word opposite in meaning to the given word.
Laudatory
Out of given alternatives, choose the word which can be substituted for the given words/ sentence.
Showing a willingness to take bold risks; fearlessly daring.
Out of given alternatives, choose the word which can be substituted for the given words/ sentence.
Producing many works, results, or offspring; highly productive.
Out of given alternatives, choose the word which can be substituted for the given words/ sentence.
Severe or bare in appearance; very plain and without decoration; complete or absolute.
Out of given alternatives, choose the word which can be substituted for the given words/ sentence.
Existing or occurring in large amounts; abundant or excessive.
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.
Kiran ____ shifting to Rajasthan right now.
Explanation: When deciding whether to use is or are, look at whether the noun is plural or singular. If the noun is singular, use is. If it is plural or there is more than one noun, use are.
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.
____ you ever ____ Manali?
Explanation: 'Have' and 'has' indicate possession in the present tense (describing events that are currently happening). 'Have' is used with the pronouns I, you, we, and they, while 'has' is used with he, she, and it.
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.
____ you ____ your kids?
Explanation: In questions, 'do' or 'does' usually starts the sentence, but it doesn’t have to. For a simple interrogative sentence, or question, 'do' or 'does' is typically followed by the subject, and then the conjugated verb. <br> Questions with 'do' or 'does' as the first word usually elicit a 'yes' or 'no' answer. If the question starts with 'who, what, where, when,' or 'why,' the word 'do' or 'does' can come after that question word.
Out of given alternatives select the option which best expresses the meaning of given idiom/ phrase.
To have brush with
Explanation: The idiom ‘to have a brush with’ means to have a brief or slight encounter with someone or something, often unexpectedly. It can refer to a minor confrontation, an incidental meeting, or a close but not serious experience with danger or trouble. The phrase is commonly used to describe situations where someone has a near miss or a brief contact without significant consequences. <br> The other options, such as to start painting, to have good and pleasing terms, and to be impressed, do not convey the same meaning as the idiom ‘to have a brush with.’
Out of given alternatives select the option which best expresses the meaning of given idiom/ phrase.
To set the people by ears
Explanation: To set the people by ears: To cause (someone, generally a group of two or more people) to engage in a squabble, dispute, or altercation.
Out of given alternatives select the option which best expresses the meaning of given idiom/ phrase.
To draw the long bow
Explanation: To draw the long bow: lie or exaggerate.
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.
How could you even dream of doing such a thing (a)/ without me standing next to you (b)/ to make sure it was safe? (c)/ No error (d)
Explanation: without my standing
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 less chances you take, the greater your peace of mind will be (a)/ but, then again, the high profits (b)/ that you hope for may never eventuate. (c)/ No error (d)
Explanation: The fewer chances
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.
Judging from the beauty of the night. (a)/ I believe that we are (b)/ liable to have good weather tomorrow (c)/ No error (d)
Explanation: likely to have
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> „…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..? <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 14th Finance Commission set a zerorevenue deficit norm for all states. <br> Hence, option B is correct.
The Given Editorial is accompanied by a set of questions based on the information given in it. Answer the following questions according to what is stated or implied in the Editorial.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. <br> Therefore, option D fits best and is the correct answer.
The Given Editorial is accompanied by a set of questions based on the information given in it. Answer the following questions according to what is stated or implied in the Editorial.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: „..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..? <br> „..The prevalence of revenue deficits is indicative of the fiscal pressure faced by 10 states that recorded revenue deficit in FY18. <br> 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.? <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…?<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.
The Given Editorial is accompanied by a set of questions based on the information given in it. Answer the following questions according to what is stated or implied in the Editorial.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: „…On a consolidated basis, the states have seen a rise in their revenue expenditure. Bihar, <br> 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…?<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.
The Given Editorial is accompanied by a set of questions based on the information given in it. Answer the following questions according to what is stated or implied in the Editorial.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? <br> 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> „…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> Refer to paragraph 1<br> „…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> Refer to paragraph 4<br> „…As per the 14th Finance Commission, all states are required to maintain a zero revenue deficit. The prevalence of revenue deficits …?<br> Hence, only statement I is true while statements II and III are incorrect. <br> Thus, option D is the answer.
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