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 :
[amp_mcq option1=”1 only” option2=”1 and 2 only” option3=”3 only” option4=”1, 2 and 3″ correct=”option4″]
This question was previously asked in
UPSC IAS – 2020
– 2. Amounts outstanding on credit cards: Households are part of the non-financial sector. Credit card outstanding is debt. Thus, this is non-financial debt. Correct.
– 3. Treasury bills: Treasury bills are short-term debt instruments issued by the government. The government is part of the non-financial sector. Thus, government debt, including Treasury bills, is considered non-financial debt. Correct.