Discussion
What is the full form of "LAS"?
Answer: C
Correct answer: Loan & Advances by States
Loans and Advances by States is a heading in the Reserve Bank's statistical returns on state government finances, covering credit extended by state governments to their undertakings, local bodies, co-operatives and employees.
It sits on the expenditure side of a state's accounts rather than among its borrowings, and is watched because such lending is often not recovered in full - loans to loss-making state undertakings in particular become quasi-subsidies. The abbreviation belongs to the fiscal statistics vocabulary rather than to commercial banking.
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