{"id":75429,"date":"2024-04-20T12:16:49","date_gmt":"2024-04-20T12:16:49","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=75429"},"modified":"2024-04-20T12:16:49","modified_gmt":"2024-04-20T12:16:49","slug":"odishas-outstanding-public-debt-as-a-percentage-of-gsdp-is","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/odishas-outstanding-public-debt-as-a-percentage-of-gsdp-is\/","title":{"rendered":"Odisha&#8217;s outstanding public debt as a percentage of GSDP is:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Below 15%&#8221; option2=&#8221;15-20%&#8221; option3=&#8221;20-25%&#8221; option4=&#8221;Over 25%&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: a) Below 15%.<\/p>\n<p>Odisha&#8217;s outstanding public debt as a percentage of GSDP was 13.7% in 2020-21. This is lower than the national average of 48.6%. The state&#8217;s debt has been declining in recent years, due to a number of factors, including prudent fiscal management, economic growth, and increased revenue collection.<\/p>\n<p>The state government has taken a number of steps to reduce its debt burden, including:<\/p>\n<ul>\n<li>Increasing revenue collection: The state government has taken steps to increase revenue collection, including improving tax administration and expanding the tax base.<\/li>\n<li>Reducing expenditure: The state government has also taken steps to reduce expenditure, including rationalizing subsidies and improving efficiency in government departments.<\/li>\n<li>Raising funds through market borrowings: The state government has also raised funds through market borrowings, at relatively low interest rates.<\/li>\n<\/ul>\n<p>The state government&#8217;s efforts to reduce its debt burden have been successful, and the state&#8217;s debt-to-GSDP ratio is now one of the lowest in the country. This is a positive development, as it will help the state to maintain its fiscal stability and invest in development programs.<\/p>\n<p>The other options are incorrect because they are higher than the actual value of Odisha&#8217;s outstanding public debt as a percentage of GSDP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Below 15%&#8221; option2=&#8221;15-20%&#8221; option3=&#8221;20-25%&#8221; option4=&#8221;Over 25%&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[990],"tags":[],"class_list":["post-75429","post","type-post","status-publish","format-standard","hentry","category-odisha-gk-mcq","no-featured-image-padding"],"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>Odisha&#039;s outstanding public debt as a percentage of GSDP is:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/odishas-outstanding-public-debt-as-a-percentage-of-gsdp-is\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Odisha&#039;s outstanding public debt as a percentage of GSDP is:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Below 15%&#8221; 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