Public Debt - ICSE STD 10 Economics Questions - Vidyadip

Question types

Public Debt question types

46 questions across 6 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.

46

Questions

6

Question groups

5

Question types

MCQ

Assertion (A) & Reason (B) MCQ

[1 Mark Question Answer]

[2 Mark Question Answer]

[3 marks Question-Answer]

[4 marks Question-Answer]

Sample Questions

Public Debt questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1MCQ1 Mark

When the government borrows money to build dams and canal for the development of the country then it is called as __________ debt.

✓
productive
B
unproductive
C
gross
D
development

Answer: A.

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Q 2MCQ1 Mark

The sum total of all debts is called as __________ debt.

A
net
✓
gross
C
public
D
private

Answer: B.

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Q 3MCQ1 Mark

The debt borrowed by the government from within the boundaries of the country is called as __________ debt.

✓
internal
B
external
C
wholesale
D
retail

Answer: A.

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Q 4MCQ1 Mark

The sum total of all debt is called as __________.

A
Redeemable debt
B
Irredeemiable debt
C
Net debt
✓
Gross debt

Answer: D.

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Q 5MCQ1 Mark

The debt that does not yield income to the government is called a:

A
Productive
✓
Unproductive
C
Lateral
D
Standard

Answer: B.

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Q 6Assertion (A) & Reason (B) MCQ1 Mark

Statement (1): Interest rates are higher for public debt.
Statement (2): Interest rates are lower for private debt.

A
Both statements are true
✓
Both statements are false
C
Statement 1 is true but Statement 2 is false.
D
Statement 2 is true but Statement 1 is false.

Answer: B.

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Q 7Assertion (A) & Reason (B) MCQ1 Mark

Statement (1): Public debt repayable within one year is a short term debt.
Statement (2): Long term loans are paid back in 5 years or more.

✓
Both statements are true
B
Both statements are false
C
Statement 1 is true but Statement 2 is false.
D
Statement 2 is true but Statement 1 is false.

Answer: A.

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Q 8Assertion (A) & Reason (B) MCQ1 Mark

Assertion(A): Loan taken for the development of imagation facilities is a productive debt.
Reason(R): Funding of war with loans is considered an unproductive debt.

A
Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
✓
Both Assertion(A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion(A).
C
Assertion(A) is true but Reason(R) is false.
D
Assertion(A) is false but Reason(R) is true.

Answer: B.

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Q 9Assertion (A) & Reason (B) MCQ1 Mark

Assertion(A): Public debt is the total amount borrowed by the government to finance its development activities.
Reason(R): Public debt include debt securities (such as bonds and bills) loans and government employee pension obligations.

✓
Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
B
Both Assertion(A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion(A).
C
Assertion(A) is true but Reason(R) is false.
D
Assertion(A) is false but Reason(R) is true.

Answer: A.

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Q 10[1 Mark Question Answer]1 Mark

Give two examples of unproductive debt.

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Q 11[1 Mark Question Answer]1 Mark

What is public debt?

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Q 12[2 Mark Question Answer]2 Marks

Explain the term 'voluntary debt'.

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Q 13[2 Mark Question Answer]2 Marks

What are redeemable debts?

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Q 14[2 Mark Question Answer]2 Marks

Give two examples of unproductive debt.

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Q 15[2 Mark Question Answer]2 Marks

Why is India considered to be in a virtual debt trap?

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Q 16[2 Mark Question Answer]2 Marks

With the help of an example explain the term productive debt.

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Q 17[3 marks Question-Answer]3 Marks

Distinguish between funded debt and unfunded debts. Discuss the purpose of public debt.

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Q 18[3 marks Question-Answer]3 Marks

Define public debt. Mention four types of Public Debt

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Q 19[3 marks Question-Answer]3 Marks

State three points of difference between public debt and private debt.

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Q 20[4 marks Question-Answer]4 Marks

Explain the following
(i) Internal and External debt
(ii) Productive and Unproductive debt.

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Q 21[4 marks Question-Answer]4 Marks

What is public debt? Explain four types of public debt.

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Q 22[4 marks Question-Answer]4 Marks

Distinguish between funded and unfunded debt. Discuss three purposes of public debt.

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Q 23[4 marks Question-Answer]4 Marks

Define public debt. How is it different from private debt?

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