A. Free market economy

B. Keynesian Economy

C. Mixed Economy

D. Socialist Economy

A. Provide general benefits to the People

B. Encourage people on unnecessary spending

C. Accumulate funds for the Government for future use

D. All of the above

A. To undertake public welfare

B. Urge for economic growth

C. Inefficiencies of public organisations and corruption

D. All of the above

A. War or war-preparedness, including nuclear programmes

B. To cover the budget deficits on current account

C. To undertake public welfare schemes

D. All of the above

A. If the public debt is taken for productive purposes it will not be a burden on the economy.

B. If the public debt is taken for unproductive purposes, it will impose both money burden and real burden on the economy.

C. In case of Internal Debt, the direct money burden on the economy is huge as transfer of wealth happens within the community

D. In the case of External debt, the amount of repayment of interest and principal represents the direct money burden on the community

A. Borrowing by a Government from abroad and does not include borrowing from within the country

B. Borrowing by general public, private individuals or association of individuals from the Government which they need to repay to Government under the prescribed terms and conditions

C. Borrowing by General Public in the form of loans or advances from the Government, Local Bodies, Government owned financial institutions

D. Borrowing by a Government from within the country or from abroad, from private individuals or association of individuals or from banking and non-banking institutions

A. Commercial Papers

B. Commercial Deposits

C. Treasury Bills

D. Certificate of Deposits

A. Bringing gap between revenue and expenditure through temporary loans from central bank.

B. To reduce depression in the economy and financing public works program.

C. Financing the public sector for expanding and strengthening the public enterprises

D. All of the above

A. Increase trend in Financing of Public works programs

B. Increasing trend in Financing for Economic Development

C. Undertaking of Welfare Schemes by the Government

D. All of the above

A. Capital Expenditure

B. Revenue Expenditure

C. Transfer Expenditure

D. Unproductive Expenditure