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Is a State of the Indian Union empowered under the Constitution to take foreign loans directly?

October 3, 2022
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Is a State of the Indian Union empowered under the Constitution to take foreign loans directly?

Q. Is a State of the Indian Union empowered under the Constitution to take foreign loans directly?

  1. Yes
  2. No
  3. Yes, but from international organizations only
  4. Yes, but only with the permission of the Reserve Bank of India

Answer: No

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