SarkariPYQ

SSC CGL 2022 PYQ — Question 38

SSC CGL - 12 April 2022 - Shift 2 • General Awareness • Q38

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In which year had India's ratio of public debt to GDP gone up to a record 84.2%?

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Correct answer: C

Explanation

The correct answer is option 3 i.e. 2003.

Other Information-

  • In 2003, India's public debt-to-GDP ratio reached a record 84.2%.
  • The public debt-to-GDP ratio is the ratio of a country's debt to GDP. This ratio is used to measure the debt repayment capacity of a country.
  • Simply put, the debt-GDP ratio compares a country's public debt to its annual economic output.
  • By comparing the debt taken by any country with its production, this ratio indicates the ability of that country to pay its debt.