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Q.

What is the implication of the Central Government granting “Special Status” to a State?

[A] The extent of loan as a percentage of total assistance will be low
[B] Substantially large percentage of the central assistance will be as grants-sin-aid
[C] Current account budgetary deficit will be bridged by the Central Government
[D] Both (A) and (B) above
Answer & Explanation
Option: [D]

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