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UPSC 2019: Consider the following statements: 1. Most of India's external debt is owed by governmental entities. 2. All of India's external debt is denominated in US dollars. Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
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Not attemptedCorrect Answer: (d) Neither 1 nor 2
Status reports show that sovereign (Government) debt forms roughly one-fifth of India’s external debt, while the bulk (about 80 %) is non-government; hence Statement 1 is false. Currency composition data put the US-dollar share near 50 %, with the rest in yen, SDR, euro, rupee, etc.; Statement 2 is therefore false. So neither statement is correct. ([dea.gov.in](https://www.dea.gov.in/press-release/indias-external-debt-end-december-2008?utm_source=openai))
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What is the correct answer to this UPSC 2019 Indian Economy question?▼
The correct answer is option (d): Neither 1 nor 2. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this External Sector & Balance Of Payments question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2019, GS Paper 1, as Question 63. It falls under Indian Economy > External Sector & Balance Of Payments.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from External Sector & Balance Of Payments?▼
UPSC has asked 49 questions from External Sector & Balance Of Payments (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.