DMPQ- Write a short note on Government debt.

Government liabilities are classified as debt contracted against the Consolidated Fund of India (defined as Public Debt) and liabilities in the Public Account, called Other Liabilities. Public debt is further classified into internal and external debt. Internal debt consists of marketable debt and non-marketable debt. Government dated securities and treasury bills, issued through auctions, together comprise marketable debt. Treasury Bills issued to state governments and select central banks, special securities issued to National Small Savings Fund (NSSF), securities issued to international financial institutions, etc. are part of the non-marketable internal debt. External Debt refers to money borrowed from a source outside the country. External debt has to be paid back in the currency in which it is borrowed. Other Liabilities include liabilities on account of Provident Funds, Reserve Funds and Deposits, Other Accounts, etc.

Final Destination for Haryana PSC Notes and Tests, Exclusive coverage of HPSC Prelims and Mains Syllabus, Dedicated Staff and guidence for HPSC Exams HPSC Notes brings Prelims and Mains programs for HPSC Prelims and HPSC Mains Exam preparation. Various Programs initiated by HPSC Notes are as follows:-

• HPSC Mains Tests and Notes Program
• HPSC Prelims Exam 2020- Test Series and Notes Program
• HPSC Prelims and Mains Tests Series and Notes Program
• HPSC Detailed Complete Prelims Notes

For any doubt, Just leave us a Chat or Fill us a querry––