Which of the following could be a reason for raising public loans by a country?
A) Bringing gap between revenue and expenditure through temporary loans from central bank.
B) To reduce depression in the economy and financing public works program.
C) Financing the public sector for expanding and strengthening the public enterprises
D) All of the above
Correct Answer:
Verified
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Q11: Developmental expenditure refers to
A)Revenue Expenditure incurred for
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