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With reference to the external debt, consider the following statements:
1. According to RBI India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period.
2. The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
With reference to the external debt, consider the following statements...
India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period, Reserve Bank of India (RBI) data showed.
- The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier.
- Valuation gains on account of the appreciation of the U.S. dollar vis-à-vis the Indian rupee and major currencies including the Japanese yen and euro was estimated at $11.7 billion.
- Excluding the valuation effect, external debt would have increased by $58.8 billion instead of $47.1 billion at end-March 2022 over end-March 2021, the RBI said.
- India’s long-term debt (with original maturity of above one year) rose to $499.1 billion, recording an increase of $26.5 billion over its level at end-March 2021, RBI data showed. During the same period, the share of short-term debt in total external debt increased to 19.6% from 17.6%.
- Similarly, the ratio of short-term debt to foreign exchange reserves increased to 20%. U.S. dollar-denominated debt remained the largest component of external debt, with a share of 53.2%.
- Separately, the RBI said net claims of non-residents on India increased by $5.6 billion during the fourth quarter of 2021-22 to $359.8 billion in March 2022.
Hence both statements are correct.
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With reference to the external debt, consider the following statements:1. According to RBI India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period.2. The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the external debt, consider the following statements:1. According to RBI India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period.2. The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the external debt, consider the following statements:1. According to RBI India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period.2. The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the external debt, consider the following statements:1. According to RBI India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period.2. The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the external debt, consider the following statements:1. According to RBI India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period.2. The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the external debt, consider the following statements:1. According to RBI India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period.2. The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the external debt, consider the following statements:1. According to RBI India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period.2. The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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