UPSC PRELIMS · ECONOMICS · DEBT — NON-FINANCIAL SECTOR

In the context of the Indian economy, non-financial debt includes which of the following? 1. Housing loans owned by households 2. Amounts outstanding on credit cards 3. Treasury Bills Select the correct answer using the code given below:

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EXPLANATION

Non-financial debt covers household and government obligations, including household loans, credit-card balances and government Treasury bills.

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