1809Political ScienceMedium
Which one of the following is true about loan raising of local self-government bodies?
AThese can float loans on their own
BThese can raise loans with the approval of state government
CThese can’t raise any loan
DThese can raise loans with the approval of central government
Correct answer
B. These can raise loans with the approval of state government
Explanation
The correct answer is These can raise loans with the approval of state government.