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Question
A debt whose principal amount is not refunded by the government but only the interest amount is to be paid regularly is called
A debt whose principal amount is not refunded by the government but only the interest amount is to be paid regularly is called
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Solution
The correct option is C Irredeemable debt
An irredeemable debt is one whose principal amount is not refunded by the government but it pays the interest regularly on such loans for the period of its duration.
Irredeemable debt
An irredeemable debt is one whose principal amount is not refunded by the government but it pays the interest regularly on such loans for the period of its duration.
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