Recently, the government of India announced its plans to raise a portion of its gross borrowing from overseas markets through Overseas Sovereign Bonds. With reference to this identify which of the following statement(s) is/are correct? - Study24x7
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UPSC & State PSC
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Recently, the government of India announced its plans to raise a portion of its gross borrowing from overseas markets through Overseas Sovereign Bonds. With reference to this identify which of the following statement(s) is/are correct?

A

Overseas Sovereign Bonds are government debt securities issued in overseas markets in foreign currency denominations such as dollars, euros and yen.

B

Huge amount of government borrowing from Overseas may lead to the crowding out effect in an economy.

C

Both A and B

D

Neither A nor B

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