BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of amongst the following is not the aim of Debt Management?

A	Stabilizing prices
B	Social service fund
C	Proper timing & issuing of government bonds
D	Cost effective services

Explanation:

Detailed explanation-1: -Debt management is a way to get your debt under control through financial planning and budgeting. The goal of a debt management plan is to use these strategies to help you lower your current debt and move toward eliminating it.

Detailed explanation-2: -Different types of debt include secured and unsecured debt or revolving and installment. Debt categories can also include mortgages, credit card lines of credit, student loans, auto loans, and personal loans.

Detailed explanation-3: -Grants in aid is not a method for redeeming public debt. Grants in aid is the fund that is given by central government to local or state governments for specific projects. These are not supposed to be payed back. Capital levy, terminal annuities and sinking fund all are methods for redeeming public debt.

Detailed explanation-4: -Debt Management Services (DMS) helps federal agencies and state governments collect debt (the money owed to them).

There is 1 question to complete.