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Question
The loans availed by the Government of India from the RBI can be termed as
The loans availed by the Government of India from the RBI can be termed as
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Solution
The correct option is B internal debt
The government borrows money when its expenditure exceeds its receipts. The governmnet does this through internal or external debt. The loans that the government avails from internal sources like the RBI are called internal debt, which those from external sources like the World Bank are known as external or foreign debt.
The government borrows money when its expenditure exceeds its receipts. The governmnet does this through internal or external debt. The loans that the government avails from internal sources like the RBI are called internal debt, which those from external sources like the World Bank are known as external or foreign debt.
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