Public Debt
Economics ⇒ Government and the Economy
Public Debt starts at 12 and continues till grade 12.
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Define public debt.
Discuss the effects of excessive public debt on the economy.
Discuss the intergenerational burden of public debt.
Distinguish between voluntary and compulsory public debt.
Explain how public debt can be used as an instrument of fiscal policy.
Explain the concept of 'sinking fund' as a method of redemption of public debt.
Explain the difference between funded and unfunded public debt.
Explain the difference between internal and external public debt.
Public debt is a part of which of the following? (1) Private income, (2) National income, (3) Government liabilities, (4) Household savings
Which of the following is a correct statement about external public debt? (1) It is always in Indian rupees, (2) It increases foreign exchange liabilities, (3) It is not a liability, (4) It is always interest-free
Which of the following is a correct statement about internal public debt? (1) It increases foreign exchange reserves, (2) It is a liability to foreigners, (3) It is a transfer of resources within the country, (4) It does not require repayment
Which of the following is a correct statement? (1) Public debt always leads to economic growth, (2) Public debt is never repaid, (3) Public debt can be used for both productive and unproductive purposes, (4) Public debt is not a liability
Fill in the blank: The government borrows from the public by issuing ________.
Fill in the blank: The government issues ________ to borrow money from the public for a short period.
Fill in the blank: The government may borrow from the ________ to meet temporary mismatches in receipts and payments.
Fill in the blank: The interest paid on public debt is a part of ________ expenditure.
State whether the following is true or false: 'External public debt increases the country's foreign exchange liabilities.'
State whether the following is true or false: 'Interest payments on public debt are a part of capital expenditure.'
State whether the following is true or false: 'Public debt can be used to control inflation.'
State whether the following is true or false: 'Public debt can be used to finance both revenue and capital expenditure.'
