{"id":3300,"date":"2024-03-05T15:48:01","date_gmt":"2024-03-05T15:48:01","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=3300"},"modified":"2024-03-05T15:48:01","modified_gmt":"2024-03-05T15:48:01","slug":"is-a-state-of-the-indian-union-empowered-under-the-constitution-to-take-foreign-loans-directly","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/is-a-state-of-the-indian-union-empowered-under-the-constitution-to-take-foreign-loans-directly\/","title":{"rendered":"Is a State of the Indian Union empowered under the Constitution to take foreign loans directly?"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97dd2f5fab1\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Yes                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    No                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Yes, but only with the permission of the Reserve Bank of India                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Yes, but only with the permission of the Reserve Bank of India                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is (b).<\/p>\n<p>A State of the Indian Union is not empowered under the Constitution to take foreign loans directly. The Constitution of India, Article 292, states that &#8220;No State shall without the <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> consent of the Government of India raise any loan or make any gift or agreement involving any expenditure from the Consolidated Fund of the State unless the terms of the loan, gift or agreement have been approved by the President.&#8221;<\/p>\n<p>This means that any loan that a State of the Indian <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> Union takes must be approved by the Government of India. The Government of India, in turn, is represented by the Reserve Bank of India. Therefore, a State of the Indian Union can only take foreign loans with the permission of the Reserve Bank of India.<\/p>\n<p>Option (a) is incorrect because the Constitution of India does not empower a State of the Indian Union to take foreign loans directly. Option (c) is incorrect because the Constitution of India does not require a State of the Indian Union to obtain the permission of the Reserve Bank of India before taking foreign loans. Option (d) is incorrect because the Constitution of India does not require a State of the Indian Union to obtain the permission of the Government of India before taking foreign loans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is a State of the Indian Union empowered under the Constitution to take foreign loans directly?<\/title>\n<meta name=\"description\" content=\"A State of the Indian Union is not empowered under the Constitution to take foreign loans directly. 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The Constitution of India, Article 292, states that \"No State shall without the consent of the Government of India raise any loan or make any gift or agreement involving any expenditure from the Consolidated Fund of the State unless the terms of the loan, gift or agreement have been approved by the President.\"","og_url":"https:\/\/exam.pscnotes.com\/mcq\/is-a-state-of-the-indian-union-empowered-under-the-constitution-to-take-foreign-loans-directly\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-03-05T15:48:01+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/is-a-state-of-the-indian-union-empowered-under-the-constitution-to-take-foreign-loans-directly\/","url":"https:\/\/exam.pscnotes.com\/mcq\/is-a-state-of-the-indian-union-empowered-under-the-constitution-to-take-foreign-loans-directly\/","name":"Is a State of the Indian Union empowered under the Constitution to take foreign loans directly?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-03-05T15:48:01+00:00","dateModified":"2024-03-05T15:48:01+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"A State of the Indian Union is not empowered under the Constitution to take foreign loans directly. 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