Question : The national debt is:

Option 1: The amount of money owed by the government to its citizens
 

Option 2: The amount of money owed by the government to other countries
 

Option 3: The total amount of money the government has borrowed over time

 

Option 4: None of the above

Question : Public debt refers to:

Option 1: Debt owed to the government
  

Option 2: Debt owed by the government
  

Option 3: Debt owed by public companies

Option 4: Debt owed by private individuals

Question : Public debt refers to:

Option 1: Debt owed to the government
  

Option 2: Debt owed by the government
  

Option 3: Debt owed by public companies

Option 4: Debt owed by private individuals

Question : What is the difference between a deficit and a debt?

Option 1: A deficit is the amount by which spending exceeds revenue in a given year, while a debt is the total amount of money owed by the government

Option 2: A deficit is the total amount of money owed by the government, while a debt is the amount by which spending exceeds revenue in a given year

Option 3: A deficit is the amount of money owed to foreign countries, while a debt is the amount of money owed to domestic lenders

Option 4: A deficit is the amount of money owed to domestic lenders, while a debt is the amount of money owed to foreign countries

Question : A part of national debt known as external debt is the amount_______.

Option 1: borrowed by its citizens from abroad

Option 2: lent by its citizens from abroad

Option 3: borrowed by its government from abroad

Option 4: lent by its government to foreign government

Question : Debentures are:  

Option 1: Issued by government authorities
 

Option 2: Always secured by assets of the company
 

Option 3: Long-term debt instruments

Option 4: None of the above