UPSC Previous Year Question | Prelims GS | 2020

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

  1. 1 only
  2. 1 and 2 only
  3. 3 only
  4. 1, 2 and 3

Answer

Correct Answer

1, 2 and 3

Explanation

Non-financial debt covers debt of households, non-financial businesses and government. Housing loans, credit card dues and Treasury bills (government debt) all come under it.

Topics: debt & credit, economy, money & banking, non-financial debt