Which one of the following best describes the ‘Crowding Out Effect’ in the context of fiscal policy ? | government borrowing, interest rates

Civil Services 2026
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Which one of the following best describes the ‘Crowding Out Effect’ in the context of fiscal policy ?

निम्नलिखित में से कौन-सा, राजकोषीय नीति के संदर्भ में ‘निजी निवेश के बहिर्गमन का प्रभाव’ (‘Crowding Out Effect’) का सर्वोत्तम वर्णन करता है ?

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