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UPSC 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 Select the correct answer using the code given below:
(a)1 only
(b)1 and 2 only
(c)3 only
(d)1, 2 and 3
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Not attemptedCorrect Answer: (d) 1, 2 and 3
‘Non-financial debt’ covers liabilities of households, governments and non-financial firms. Housing loans and credit-card balances are household liabilities, while Treasury bills are short-term government debt; all three therefore fall within non-financial debt. Hence all the given items are included. ([vajiramandravi.com](https://vajiramandravi.com/upsc-exam/in-the-context-of-the-indian-economy-non-financial-debt-includes-which-of-the-following/?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2020 Indian Economy question?▼
The correct answer is option (d): 1, 2 and 3. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Fiscal Policy & Budget question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2020, GS Paper 1, as Question 54. It falls under Indian Economy > Fiscal Policy & Budget.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Fiscal Policy & Budget?▼
UPSC has asked 44 questions from Fiscal Policy & Budget (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.