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Mr. Dubey • 51.43K Points
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Q. Public Debt means

(A) Borrowing by a Government from abroad and does not include borrowing from within the country

(B) Borrowing by general public, private individuals or association of individuals from the Government which they need to repay to Government under the prescribed terms and conditions

(C) Borrowing by General Public in the form of loans or advances from the Government, Local Bodies, Government owned financial institutions

(D) Borrowing by a Government from within the country or from abroad, from private individuals or association of individuals or from banking and non-banking institutions

Correct Answer - Option(D)

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