Question

Which of the following is a method of domestic resource mobilisation?

• A. Accepting foreign aid for development projects.
• B. Increasing taxes on imported goods to generate revenue.
• C. Selling government bonds to domestic citizens.
• D. Borrowing money from international financial institutions.

Answer 1

Answer:

C. Selling government bonds to domestic citizens.

• Domestic resource mobilisation involves a country raising its own funds for development.

• Selling bonds to citizens keeps the funds within the country's economy.