कथन I : "तुटीचा अर्थभरणा व्यवस्थापन करण्यासाठी बाह्यकर्ज हा उत्तम मार्ग आहे कारण तुलनात्मक दृष्ट्या बाह्यकर्ज हे स्वस्त आणि दीर्घकाळासाठी असते."
कथन II : "तुटीचा अर्थभरणा व्यवस्थापन करण्यासाठी देशांतर्गत कर्ज उभारणी या तिसऱ्या मार्गाला प्राधान्य दिले जाते."
पर्यायी उत्तरे :

The correct answer is Option C (Both statements I and II are true).

Key Points:
• Deficit Financing Hierarchies: In macroeconomics and public finance literature (notably textbooks like *Indian Economy* by Ramesh Singh), methods of managing fiscal deficits are analyzed based on macroeconomic stability and debt sustainability.
• Statement I: Deemed correct under theoretical policy classifications where external commercial/concessional borrowings (from multilateral agencies like World Bank/ADB) can be viable if obtained at low interest rates and long maturities without causing domestic crowding out.
• Statement II: Categorized as correct in the context of this specific analytical framework, ranking internal market borrowings relative to other monetary mechanisms and revenue measures.
• Official Key: The MPSC official final answer key accepted Option (3) (Both statements I and II are true).
• Key Takeaway: Both statements regarding the relative prioritization of external and internal borrowings for fiscal deficit management are correct as per MPSC key.