In the context of the Indian economy, non-financial debt includes which of the following?Housing loa

Question

In the context of the Indian economy, non-financial debt includes which of the following?Housing loans owed by householdsAmounts outstanding on credit cardsTreasury billsSelect the correct answer using the code given below:

Accepted Answer

Non-financial debt consists of credit instruments issued by governmental entities, households, and businesses that are not included in the financial sector. (The financial sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds, and other smaller financial entities).Non-financial debt includes household or commercial loans, Treasury bills, and credit card balances. They share most of the same characteristics with financial debt, except the issuers are non-financial. Hence the correct answer is option (d).