Which of the following is NOT a type of public debt? MCQ with Answer and Explanation

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Which of the following is NOT a type of public debt?

A. Internal debt

B. External debt

C. Tax revenue

D. Market borrowings

Answer: Option C

Solution (By JKSSB Mock Tests)

Tax revenue is a receipt, not debt. Public debt includes internal debt (market borrowings, treasury bills) and external debt.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The four labour codes in India consolidate how many existing central labour laws?

A. 44

B. 10

C. 100

D. 29

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Correct Answer: Option D

Explanation:
The four labour codes consolidate 29 central labour laws.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'GST Suvidha Provider' is:

A. an authorized private IT intermediary for GST compliance

B. a bank

C. a chartered accountant

D. a tax official

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Correct Answer: Option A

Explanation:
GST Suvidha Providers are authorized IT intermediaries for GST compliance services.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is an example of a counter-cyclical fiscal policy?

A. Reducing taxes during a recession

B. Increasing taxes during a recession

C. Increasing government spending during a boom

D. Reducing government spending during a recession

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Correct Answer: Option A

Explanation:
Counter-cyclical fiscal policy aims to stabilise the economy by increasing spending or cutting taxes during downturns and doing the opposite during booms.

This question belongs to: Economy GK Economy Set 1

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