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Give two examples of unproductive debt. - Economics

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Question

Give two examples of unproductive debt.

Short Note

Solution

  1. Loans raised for war
  2. Loans reused for payment of interest
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Chapter 12: Public Debt - Exercise [Page 190]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 12 Public Debt
Exercise | Q 3. | Page 190
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 12 Public Debt
QUESTION BANK | Q 4. | Page 191
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