Civil Services Kerala (കേരളം) PSC KAS Prelims Test Series 2025 General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements regarding India’s External Debt and Borrowing:
1. Loans constitute the largest share of India’s external debt.
2. The US Dollar accounts for the highest share of India’s external debt by currency composition.
3. The private sector holds a larger share of India’s external debt compared to the central and state governments.
4. External Commercial Borrowings (ECBs) are loans made by non-resident lenders in foreign currency to Indian borrowers.
How many of the above statements is/are correct?
1
Only one
2
Only two
3
Only three
4
All four