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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

Explanation:

Non Financial Sectors includes three major domestic economic sectors – House holds (HH), non-financial companies (NFCs; private and state-owned) and general government (GG; Center + States). 

Hence, option d is correct.

Read: Solved Economy PYQs With Explanation 2020 UPSC Prelims

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