[Solved] In the context of the Indian economy, non-financial debt includes which of the following? Housing loans owed by households Amounts outstanding on credit cards Treasury bills Select the correct answer using the code given below

Q84. 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

Answer: D

The term “non-financial debt” does not include debt held by financial institutions, i.e., those organisations that borrow money only to re-lend it.

• In other words, financial debt would exist if NABARD etc. had borrowed money to re-lend it. And any other debt will be referred to as “non-financial debt.“

• Non- financial debt includes industrial or commercial loans, Treasury bills and credit card balances.