Complete the following statement : When a government borrows from its citizens, banks, central bank, industries, etc. it is known as _______.

Q.1 (A) (iv) Complete the following statement : When a government borrows from its citizens, banks, central bank, industries, etc. it is known as _______.

A. Internal Debt

B. Personal Debt

C. External Debt

D. International Debt

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Answer: A. Internal Debt

Answer: (a) Internal Debt

Loans raised by the government from sources within the country, i.e. individuals, commercial banks, the central bank (RBI), business firms and financial institutions, form internal debt. Loans from foreign governments and international institutions form external debt.

Doubtly AI · 28 Oct 2026 AI-verified · Oct 2026 Report

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Complete the following statement : When a government borrows from its citizens, banks, central bank, industries, etc. it is known as _______.

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