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Which of the following is not considered as National Debt?
Which of the following is not considered as National Debt?
1). National saving Certificate
2). Long-term Government Bond
3). Insurance Policies
4). Provident Fund
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National debt is generally divided into three categories: Floating debt: short-term borrowing such as treasury bills and borrowing from the central bank; Funded debt: short-term debt converted into long-term debt; Unfunded debt: National savings certificates, savings bonds, premium bonds, and securities repayable in foreign exchange.
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