Smartindia Classroom
CONTENTS
English
Economics
History & Civics
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Question-1
Treasury bills and advances from the central banks are examples for ________________
(A)
Long term debt
(B)
Sort term debt
(C)
Forced debt
(D)
None of these
Question-2
Imposing very heavy tax on property and wealth is known as _______________
(A)
Capital levy
(B)
Rent levy
(C)
Labour levy
(D)
None of these
Question-3
___________________ is the debt that the government never pays its principal amount.
(A)
Productive debt
(B)
Private debt
(C)
Irredeemable debt
(D)
Redeemable debt
Question-4
Excessive borrowing of the government leads to ______________
(A)
Financial burden
(B)
Deficit financing
(C)
Public debt
(D)
All of these
Question-5
Debts which are raised by the government without coercing the people is known as __________________
(A)
Productive debt
(B)
Voluntary debt
(C)
Forced debt
(D)
Redeemable debt
Question-6
The annual interest paid by the government in lieu of the debt incurred is known as _______________ burden
(A)
Internal borrowing
(B)
External borrowing
(C)
Debt servicing
(D)
Financing
Question-7
Redemption of public debt means _________________
(A)
Long term debt
(B)
Short term debt
(C)
marketable debt
(D)
Non marketable debt
Question-8
When government spends more than their current revenue it is known as _______________
(A)
Deficit financing
(B)
balanced budgeting
(C)
Surplus budgeting
(D)
None of these
Question-9
When government spends less than its current revenue it is known as ________________
(A)
Deficit financing
(B)
Balanced budgeting
(C)
Surplus budgeting
(D)
None of these
Question-10
_____________ is a process by which the government raises new bonds to pay off the maturing bonds
(A)
Long term debt
(B)
Refunding
(C)
Refusing to pay the debt
(D)
Repayment of debts
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Plus 2 Humanities
ICSE/ISC
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