Public Debt in India includes only Internal and External Debt incurred by the Central Government. Internal Debt includes liabilities incurred by resident units in the Indian economy to other resident units. Internal debt comprises of: Loans raised in open market Special securities issued to RBI e.g. Market Stabilization Scheme (MSS) bonds: MSS was created to assist the RBI in managing its sterilization operations. The Government borrows under this scheme from the RBI, while proceeds from such borrowings are maintained in a separate cash account with the latter and is used only for redemption of T-bills /dated securities raised under this scheme. MSS Bonds are Governed by a MoU between the Government of India and the RBI. Hence, Statement 1 is Correct Borrowings through treasury bills including treasury bills issued to State Government, commercial bank etc All deposits under small savings schemes are credited to the National Small Savings Fund (NSSF). The balance in the NSSF (net of withdrawals) is invested in special Government securities and is counted as the Internal Debt. Hence, Statement 2 is Correct Non-negotiable, non-interest bearing rupee securities issued to international financial institutions viz. the IMF, IBRD ADB etc. Hence, Statement 3 is Correct
MARK
In each of the following questions, a word has been given and used in three statements. You are supposed to identify which of the statement/s use/s the...
Scaled
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(ii) An ideal location would be where the co...
Choose the word that roughly means the same as the word highlighted in the sentence.
The committee's decision to fund the project was a...
Subsume
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(ii) Charitable ...
Select the word which means the same as the group of words given.
The date on which an event took place in a previous year
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Select the most appropriate synonym of the given word.
Surreptitious
Direction: In each of the questions given below, four words are given in bold. These four words may or may not be in their correct position. The sente...
Select the wrongly spelt word.
