Loans raised by the government within or outside the country are known as

Public income

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Public revenue

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Public debt

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Public expenditure

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Solution

The correct option is C
Public debt

Loans raised by the government within or outside the country are known as public debts. Every government has to borrow when its expenditure exceeds its revenue.

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Which of the following aspect of public finance is correct, if the theory of public finance deals only with public revenue, public expenditure and public debt in an objective manner?

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Q. Public revenue always exceed public expenditure.

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Q. Fiscal policy is related with public revenue and public expenditure.

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Loans raised by the government within or outside the country are known as

The correct option is C Public debt Loans raised by the government within or outside the country are known as public debts. Every government has to borrow when its expenditure exceeds its revenue.

The correct option is C
Public debt

Loans raised by the government within or outside the country are known as public debts. Every government has to borrow when its expenditure exceeds its revenue.