Voluntary debt is a debt which is taken from the people by the government on

Voluntary basis

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Compulsory basis

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Time basis

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Yearly basis

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Solution

The correct option is A
Voluntary basis

Voluntary debt is a debt which is taken from the people by the government on voluntary basis. These loans are voluntarily and willingly subscribed by the people to government loans.

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Particulars	₹	Particulars	₹
Capital Employed	50,00,000	Share Capital	35,00,000
Current Liabilities	20,00,000	10% Debentures	10,00,000
Land and Building	60,00,000	General Reserve	3,00,000
Trade Receivable	4,00,000	Surplus, i.e., Balance in Statement of Profit and Loss	2,00,000
Cash and Cash Equivalents	5,00,000
Investment (Trade)	1,00,000