Consider the following statements:

  1. Most of India’s external debt is owed by governmental entities.
  2. All of India’s external debt is denominated in US dollars.

Which of the statements given above is/are correct?

[UPSC Civil Services Exam – 2019 Prelims]

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2


Answer: (d)        

Explanation:

  • Statement 1 is incorrect. According to the information provided, commercial borrowings are stated to be the largest component of external debt with a share of 37.4%, followed by NRI deposits (24.1%) and short-term trade credit (19.9%).
  • Statement 2 is also incorrect. The data states that US dollar-denominated debt is the largest component of India’s external debt with a share of 45.9% as of the end of December 2018. It is followed by the Indian rupee (24.8%), SDR (5.1%), yen (4.9%), and euro (3.1%).

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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