What term describes a financial obligation or an amount owed by a company or an individual?

Agricultural economics MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
Agricultural economicsagriculture-mcqs › agricultural-economics
Published
28 Mar 2019
Last updated
28 May 2026

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Choose the correct answer

Explanation

The correct answer is 'Debt obligation,' which refers to a liability, meaning an amount that a person or organization is required to pay. 'Lockout' refers to a work stoppage initiated by employers, and 'Logrolling' is the practice of exchanging favors, usually in politics.

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