Public debt classification: Which item is not counted as ‘‘national debt’’ of the Union? National debt generally refers to the Central Government's public debt obligations. Choose the correct option.
General Knowledge
Indian Economy
Difficulty: Medium
Choose an option
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ADebt of State Governments
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BMarket loans of the Central Government
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CTreasury bills issued by the Central Government
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DExternal sovereign loans contracted by the Union
Answer
Correct Answer: Debt of State Governments
Explanation
Concept
- ‘‘National debt’’ typically denotes the Union Government’s public debt.
- State Government debt is separate and not part of the Union’s national debt tally.
Final AnswerDebt of State Governments