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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


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: borrowed by its government from abroad


Solution : The correct answer is borrowed by its government from abroad .

External debt is a component of national debt due to creditors outside the country. It could be owing to the government, a bank, or another financial organisation. External debt may be used to fund a wide range of government expenses, including infrastructure projects, social programmes, and military spending. It can also be used to fund private investment.

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