UPSC CSE Prelims

Correct Option: D Explanation: India’s external debt includes substantial non-government corporate and banking borrowings, and it is denominated in several currencies, including US dollars, rupees and SDR-linked obligations. Statement / Pair Analysis: 1 (Incorrect): Non-government borrowers, including companies, account for much of India’s external debt; the government is not the majority debtor. 2 (Incorrect): External liabilities are issued in multiple currencies, not exclusively dollars. Option-wise Analysis: A (Incorrect): It includes false item 1 (Non-government borrowers, including companies, account for much of India’s external debt; the…). B (Incorrect): It includes false item 2 (External liabilities are issued in multiple currencies, not exclusively dollars). C (Incorrect): It includes false item 1 (Non-government borrowers, including companies, account for much of India’s external debt; the…); includes false item 2 (External liabilities are issued in multiple currencies, not exclusively dollars). D (Correct): All listed statements/pairs are false.