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:
Prelims
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Economics › Finance/Capital Market
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Economics › Finance/Capital Market
Consider the following statements:
The functions of commercial banks in India include
1. Purchase and sale of shares and securities on behalf of customers
2. Acting as executors and trustees of wills.
Which of the statements given above is/are correct?Options
Answer
(C)