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प्रश्न
What do you mean by redemption of public debt?
लघु उत्तरीय
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उत्तर
Repayment of a loan is known as redemption. Therefore, the repayment of public debt might be referred to as the redemption of public debt. Every government debt must be paid back. The government's credibility will be damaged and it might not be able to obtain new loans in the future if it is unable to fulfil its debt.
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