General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.32)

32. 

Which of the following is not viewed as a national debt?

[A]. Provident Fund
[B]. Life Insurance Policies
[C]. National Saving Certificate
[D]. Long-term Government Bonds

Answer: Option C

Explanation:

No answer description available for this question.

Sidd said: (Jun 4, 2011)  
How please explain?

Rohitkr912 said: (Aug 6, 2011)  
Yes please explain. I thought it might be Life insurance policy.

Priyanka Singh said: (Aug 16, 2011)  
Even I agree with Rohit, I think it shuld be Life insurance policy. Please explain the difference.

Manish Soni said: (Sep 1, 2011)  
Life insurance policy is a national debt, because it has to be rapy on the occurance of particular event. Similarly providnt fund is also needed to pay and also the govt bonds are needed to pay.

But I am not sure about nsc, because I feel it's also a future liability. I doubt the answere.

Rajni said: (Sep 10, 2011)  
Yes these all are future liabilities.

Kiruthika said: (Dec 9, 2011)  
Yes I'm also agree with him because if there is no particular reason similarly the provident fund is also to pay the govt bonds.

Vijay said: (Mar 8, 2013)  
Answer is life insurance policies. Other 3 are considered in calculating national debt. LIC is an independent corporation.

Chitra said: (Mar 29, 2014)  
I think it is similar to different government bonds so it should be taken as a liability but I am not quite sure about it because not sure about the policy issued for national saving certificate.

Deepthy said: (Mar 29, 2014)  
I don't think so. NSC is a scheme, which provides tax deduction to the assessee.

LIC is a company, but the above given is a policy which have to be settled later.

Tanmay Hamdapurkar said: (Jan 2, 2015)  
National saving certificates is the certificates which is issued bye government. To general public to raise short term finance!

Udayan said: (Mar 3, 2015)  
Not sure with this answer. NSC is a short term national debt.

Chinmay said: (Apr 14, 2015)  
Each and every one of the options is a future liability.

Vidya.K. said: (May 21, 2015)  
I think its short term measure and aim is only saving not any insurance benefit or extra returns stabilize price level.

Naskar said: (Jan 20, 2016)  
I think it is the debt of state government as state government uses that fund.

Shankar said: (Apr 19, 2016)  
National Savings Certificate is a certificate used for small savings and income tax saving investments in India. It is part of the postal savings system of Indian Postal Service.

Aravind said: (Apr 20, 2016)  
NSC is a short term saving certificate which gives tax exemption and it doesn't give any future liability.

Sk Giasuddin said: (Nov 15, 2016)  
I think answer will be LIC.

Medo said: (Nov 12, 2017)  
Maybe it's because in NSC, it's an advance payment by the public to government.

Pardeep Kaur said: (Jan 22, 2018)  
You mean that pf LIC policies and long-term government bond is a debt? but I think long term govt bond is a debt, not NSC its public saving.

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