Which among the following is / are included in the Public Debt?
1.Government debts to institutions and people in the country
2.Loans raised from the public by various companies
3.Loans advanced by banks to business houses of public
Choose the correct option from the codes given below:

Answer: [A] Only 1

Public debt is the debt owed by a central government, state government, municipal or local government. Government debt is one method of financing government operations, but it is not the only method. In this question, only statement 1 i.e. Government debts to institutions and people in the country is  correct .

This question is a part of GKToday's Integrated IAS General Studies Module