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 hills Select the correct answer using the code given below :

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Q: (IAS/2020)
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 hills

Select the correct answer using the code given below :

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,54,143,25,49,69,54

keywords: 

{'housing loans': [0, 0, 0, 1], 'indian economy': [0, 3, 3, 5], 'credit cards': [0, 0, 0, 2], 'households': [0, 1, 2, 7], 'treasury hills': [0, 0, 0, 1]}

Non-financial debt, in the context of the Indian economy, includes all types of debt that are not financial investments.

Option 1, "Housing loans owed by households," is a type of non-financial debt because it`s a personal liability - money that individuals owe to banks or other lenders, not an investment.

Option 2, "Amounts outstanding on credit cards," can also be classified as non-financial debt. Like home loans, credit card debts are obligations owed by consumers - they represent money that individuals have used for purchases and not yet repaid.

Option 3, "Treasury bills" - these are short-term debt securities issued by the government. They can also be included under non-financial debts as they are obligations of the government and not financial instruments held by investors.

Thus, all three components fall under non-financial debt, hence the correct answer is option 4 - "1, 2 and 3".