Question
Download Solution PDFThe outstanding liability of the State of Bihar is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 67653 crore.
Key Points
- The outstanding liability of the state of Bihar is Rs 67,653 crores, i.e. 25.7% off GSDP in 2002.
- The Gross State Domestic Product (GSDP) of Bihar (at current prices) has grown at a rate of 10.9% during the period 2011-12 to 2016-17.
- Outstanding Liabilities means all liabilities of the Acquired Companies for borrowed money and other obligations evidenced by notes, bonds, debentures or other such instruments (excluding Current Liabilities and Permitted Indebtedness).
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