Correct answer: (d) 1, 2 and 3
Explanation
- A
1 only
1 only. Credit-card balances and T-bills are also non-financial-sector or general debt as keyed.
- B
1 and 2 only
1 and 2 only. T-bills are government (non-financial) debt.
- C
3 only
3 only. Under-counts households.
- D
1, 2 and 3
All three. Household housing loans, credit-card dues, and Treasury bills — non-financial debt in the Indian-economy framing of this item.
Summary. Official key is (d) 1, 2 and 3. Non-financial debt is owed by households, firms and the government — not banks. Housing loans, credit-card dues and T-bills all sit in that stock.
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