Consider the following statements regarding 39 Public Debt Management Cell PDMC 39 It will have both...........

Economic Affairs Public Finance and Debt Management

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Consider the following statements regarding 'Public Debt Management Cell (PDMC)'

It will have both advisory and statutiory functions.
It will manage government’s liabilities.

Which of the given above statement (s) is/ are correct?

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

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Explanation:

First statement is incorrect i.e. Public Debt Management Cell (PDMC) will have both advisory and statutiory functions.
PDMC is an interim arrangement and will be upgraded to a statutory Public Debt Management Agency (PDMA). Thus, it will requisite preparatory work for PDMA. It will allow separation of debt management functions from RBI to PDMA in a gradual and seamless manner, without causing market disruption.