Multiple Choice Questions on Consider the following statements Most of India rsquo s external debt is owed by governmental entiti........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Consider the following statements Most of India rsquo s external debt is owed by governmental entiti...........

Economic Affairs Public Finance and Debt Management
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    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?

    This questions was previously asked in
    UPSC CSP Previous Year Paper (2019)
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    View All IAS Previous Year Papers

    1 only

    Incorrect Answer

    2 only

    Incorrect Answer

    Both 1 and 2

    Incorrect Answer

    Neither 1 nor 2

    Correct Answer
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    Explanation:

    Commercial borrowings were the largest component of external debt, with a share of 38 per cent, followed by NRI deposits (24 per cent) and short-term trade credit (18.9 per cent).

    US dollar denominated debt continued to be the largest component of India's external debt with a share of 50.5 per cent at end-March 2019, followed by the rupee (35.7 per cent), Japanese yen (5 per cent), SDR (4.9 per cent) and euro (3 per cent).

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