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 :
a
1 only
b
1 and 2 only
c
3 only
d
1, 2 and 3
Public Finance / MacroeconomicsComponents of debt in an economyIndian economynon-financial debthousing loanshouseholdscredit cardsTreasury bills