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UPSC PYQPrelims 2020

Civil Services Examination · Question 54

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:

  1. 1 only
  2. 1 and 2 only
  3. 3 only
  4. 1, 2 and 3
Show answer & explanation

Answer: (D) 1, 2 and 3

Explanation

Non-financial debt is debt owed by non-financial sectors: households (housing loans, credit cards), non-financial corporations and government (e.g., Treasury bills).