Question

The residual AP will have a substantial resource gap to finance it's expenditure due to?
1. Section 46(1)of the act
2. Section 5 & 8 of the act
3. Section 6 of the act
4. None of the above

Answer 1

1 option number is the right answer

Answer 2

Answer:

Option 1. Ie. sec 46(1) Is the correct Answer

Explanation:

The efforts of the government are found to go in vain on this count, as per resources statements of various states. The financial situation turned red as, apparently, the government could not make up in expenditure.

Finances of residual AP is reported to be under strain in some of the states in India.

New Telangana state is reported to have revenue surplus of around Rs 6,400 cr on back of huge surpluses that  Hyderabad has generated.