McqMate
| Q. |
Which of the following statement is INCORRECT with regard to the burden of public debt of a country? |
| A. | If the public debt is taken for productive purposes it will not be a burden on the economy. |
| B. | If the public debt is taken for unproductive purposes, it will impose both money burden and real burden on the economy. |
| C. | In case of Internal Debt, the direct money burden on the economy is huge as transfer of wealth happens within the community |
| D. | In the case of External debt, the amount of repayment of interest and principal represents the direct money burden on the community |
| Answer» C. In case of Internal Debt, the direct money burden on the economy is huge as transfer of wealth happens within the community | |
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