A. an agreement with the World Bank to turn some of a debt into other forms
B. a change in debt repayment due to inability to pay
C. regular payments of interest and repayments of capital
D. a program of austerity measures agreed with the IMF to make repayment possible
Related Mcqs:
- What is National debt or public debt ?
A. State’s borrowing from its population
B. State’s borrowing from foreign government
C. state’s borrowing from international institution
D. All of these - Most of the Third World/Fourth World debt was incurred in ?
A. The colonial period
B. The early 1950s
C. most debt was incurred during the oil shocks of the 1970s
D. the early 1960s - Name a default on debt and obligations by a major financial institution that disrupts the stability of the economic system ?
A. Debt blast
B. Debt bomb
C. Bad debt
D. None of them - What is Debt Service ?
A. Interest payments on external debts
B. repayments of external debt
C. none of these
D. Both of them - Interest payments and any principal repayments which are due on a country’s external debt are known as ?
A. Debt Payment
B. Service Charges
C. Debt Charges
D. Debt service - Which of the following is referred by the Debt retirement ?
A. To write-off debt
B. To reschedule debt
C. To repay debt in easy installments
D. The complete repayment of debt - Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bound indenture is called ?
A. Rolling debt
B. Bad debt
C. Rescheduling
D. Default - Which of the following country did Not suffer from increased poverty from debt and financial crises in the 1990s ?
A. Singapore (1994)
B. Mexico (1994)
C. Russia (1998)
D. Brazil (1998) - The policy cartel on debt reduction refers to the_______________?
A. screening of debtors based on their regional location
B. World Bank requiring LDCs seconded by a DC to get loan reduction
C. loan denial to crisis-stricken highly indebted countries
D. None of the above - In 1990, during the Persian Gulf War, the U.S government extended generous terms to two middle-income countries by canceling or reducing their debt The two countries were ?
A. Iraq and Iran
B. Egypt and Poland
C. Pakistan and Afghanistan
D. Saudi Arabia and Jordan
