Question
“Central Government Debt” includes which of the following?
Select the correct answer using the code given below:
- Outstanding liabilities on the security of the Consolidated Fund of India
- Outstanding liabilities in the Public Account of India
- Off-budget liabilities
Select the correct answer using the code given below:
Answer: Option D
Answer: (d)
As per the FRBM Act 2003, Central Government debt includes the following:
Total outstanding liabilities of the Central Government on the security of Consolidated Fund of India, including external debt. (This is also called Public Debt)
The outstanding liabilities in the Public Account of India
Such financial liabilities of any corporate or other entity owned or controlled by the Central Government, which the government is to repay or service from the Annual Financial Statement.
(This is also called off-budget liabilities, explained later)
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Answer: (d)
As per the FRBM Act 2003, Central Government debt includes the following:
Total outstanding liabilities of the Central Government on the security of Consolidated Fund of India, including external debt. (This is also called Public Debt)
The outstanding liabilities in the Public Account of India
Such financial liabilities of any corporate or other entity owned or controlled by the Central Government, which the government is to repay or service from the Annual Financial Statement.
(This is also called off-budget liabilities, explained later)
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