GK
IMPORTANT ACTS OF THE PARLIAMENT OF INDIA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
1911
|
|
|
1922
|
|
|
1933
|
|
|
1944
|
Detailed explanation-1: -When government borrow, then it gives birth to public debt. Government can take debt from banks, business or organizations, business houses and the person. Government can take debt from inside the country and from outside the country, or from both the sides.
Detailed explanation-2: -Note: The Central Government debt/liabilities, including external debt at current exchange rate, EBRs and after adjusting cash balance, is estimated at 155.77 lakh crore and ₹ 172.50 lakh crore as on 31st March, 2023 & 31st March, 2024, respectively.
Detailed explanation-3: -public debt, obligations of governments, particularly those evidenced by securities, to pay certain sums to the holders at some future time. Public debt is distinguished from private debt, which consists of the obligations of individuals, business firms, and nongovernmental organizations.