Statement (i) is correct because PSBR encompasses borrowings by all entities in the public sector. Statements (ii) and (iii) are incorrect as the FRBM Act and standard fiscal deficit reporting in India focus on the government's deficit, not the entire public sector borrowing requirement.
Consider the following statements about Public Sector Borrowing Requirement (PSBR) : (i) PSBR includes borrowings by the Central and State Governments as well as PSUs. (ii) In India, PSBR is a more comprehensive measure of fiscal deficit than the standard government reported fiscal deficit. (iii) The Fiscal Responsibility and Budget Management (FRBM) Act requires India to report PSBR as a part of its fiscal responsibility commitments. Choose the correct option from the codes given below.
Asked in GS Asst Architect PWD 02 2025 · Topic: Fiscal Policy & Revenue (Fiscal Responsibility and Budget Management (FRBM) Act)
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