| Column A | Column B | ||
| I. | External debt of the | A. | Includes small saving schemes, provident fund, reserve |
| II. | Includes debt | B. | Includes loan from foreign countries and international financial institutions |
| III. | Other internal liabilities | C. | Includes market loans from banks and financial institutions |
A) I-C, II-A, III-B
B) I-B, II-C, III-A
C) I-A, II-D, III-B
D) I-B, II-A, III-C
Correct Answer: B
Solution :
Internal debt, other internal liabilities and External debt are three components of Public debt wherein internal debt includes market loans from banks and financial institutions, short-term borrowings on treasury bills and other bonds and certificates issued by the government. External debt includes loan from foreign countries and international financial institutions like the World Bank, IMF. ADB, etc. Other internal liabilities includes small saving schemes, provident fund, reserve fund of the railways, post and telegraph on which the central government has to pay interest
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