GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not viewed as a national debt?
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Provident Fund
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Life Insurance Policies
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National Saving Certificate
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Long-term Government Bonds
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Explanation:
Detailed explanation-1: -National Saving Certificate is not viewed as a national debt.
Detailed explanation-2: -Liabilities of the central government on account of provident funds, deposits, and reserve funds are not part of the Public debt of India and rather they are part of other liabilities which are taken against public accounts of India.
Detailed explanation-3: -(i) Interest paid by banks to individuals is included in the estimation of national income because it is a factor payment by a producer. (ii) National debt interest is not included because it is a transfer payment. This loan is taken for consumption purposes.
There is 1 question to complete.