Which of the following is a major component of India's external debt? MCQ with Answer and Explanation

Which of the following is a major component of India's external debt?
A. Commercial borrowings, NRI deposits, multilateral and bilateral loans
B. Only equity portfolio investment
C. Only short-term trade credit
D. Only domestic government securities held by residents
Answer: Option A
Solution (By JKSSB Mock Tests)
India's external debt comprises multilateral and bilateral loans, commercial borrowings, NRI deposits, trade credit and other liabilities.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a characteristic of 'Dark Patterns' in digital interfaces?
A. Only accessible designs for disabled users
B. Only aesthetically pleasing designs
C. User-interface designs that manipulate or coerce users into choices they would not otherwise make
D. User interfaces that maximise clarity and user autonomy

Correct Answer: Option C


Explanation:
Dark patterns are deceptive or manipulative interface designs that steer users toward decisions—such as subscribing, sharing data or making purchases—that benefit the platform at the expense of the user’s true preferences.

This question belongs to: Economy GK Economy Set 1
Question #2
In the context of public finance, the 'Median Voter Theorem' predicts that:
A. The outcome always reflects the preference of the richest voter
B. Voting never produces consistent outcomes
C. Under certain conditions, the outcome of majority voting will reflect the preference of the median voter
D. Only unanimous decisions are possible

Correct Answer: Option C


Explanation:
The median voter theorem states that if preferences are single-peaked, majority rule yields the outcome most preferred by the median voter.

This question belongs to: Economy GK Economy Set 1
Question #3
Average product is obtained by dividing total product by:
A. total cost
B. fixed input
C. marginal product
D. units of variable input

Correct Answer: Option D


Explanation:
Average product is total product divided by the units of the variable input used.

This question belongs to: Economy GK Economy Set 1