Multiple choice

Which of the following is not considered as National Debt?

  1. National Savings Certificates

  2. Long - term Government Bonds

  3. Insurance Policies

  4. Provident Fund
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Insurance policies are commercial contracts between individuals and insurance companies, not government borrowing instruments. National Savings Certificates, long-term government bonds, and Provident Fund represent direct government liabilities or debt obligations to citizens.

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