English

______ is that which is never returned by the government, although it pays the interest thereon regularly. - Economics

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Question

______ is that which is never returned by the government, although it pays the interest thereon regularly.

Options

  • Funded debt

  • Unfunded debt

  • Irredeemable debt

  • Redeemable debt

MCQ
Fill in the Blanks

Solution

Irredeemable debt is that which is never returned by the government, although it pays the interest thereon regularly.

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Chapter 12: Public Debt - Exercise [Page 189]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 12 Public Debt
Exercise | Q 2. | Page 189
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