Consider the following statements: 1. Most of India's external debt is owed by governmental entities. 2. All of India's external debt is denominated in US dolla

Question

Consider the following statements:
1. Most of India's external debt is owed by governmental entities.
2. All of India's external debt is denominated in US dollars.
Which of the statements given above is/are correct?

Accepted Answer

(D) Neither 1 nor 2

Answer

(A) 1 only

Answer

(B) 2 only

Answer

(C) Both 1 and 2