UPSC CSE 2020 · PYQ · Indian Economy Basics · medium
In the context of the Indian economy, non-financial debt includes which of the following? 1. Housing loans owed by households 2. Amounts outstanding on credit cards 3. Treasury bills. Select the correct answer using the code given below:
A.1 only
B.1 and 2 only
C.3 only
D.1, 2 and 3✓ Correct
Explanation
Non-financial debt includes debt owed by households (housing loans, credit card dues) and government instruments like Treasury bills—debt not issued by financial institutions to each other.
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