Which of these is major component of external debt?

Short term debt

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Long term debt

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Commercial borrowings

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

NRI deposits

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D Commercial borrowings
External debt is the portion of a country's debt that was borrowed from foreign lenders, including commercial banks, governments, or international financial institutions. These loans, including interest, must usually be paid in the currency in which the loan was made.

Suggest Corrections

Similar questions

_______ are categorised into long-term borrowings, short-term borrowings and current maturities to long-term debt.

The term “sundry debtors” has been replaced with the term ..........

Which of these is a major component in coolant in refrigerators?

Join BYJU'S Learning Program