In the context of public debt, 'Internal Debt' refers to:
A. Debt owed to domestic creditors
B. Only IMF loans
C. Only short-term external borrowings
D. Debt owed to foreign creditors
Answer: Option A
Solution (By JKSSB Mock Tests)
Internal debt is the portion of public debt that is owed to lenders within the country, such as market borrowings, treasury bills and other domestic liabilities.
Explanation:
HDI is a composite index based on three dimensions: a long and healthy life (life expectancy), knowledge (education) and a decent standard of living (GNI per capita).
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