CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is India’s position in largest holder of US government securities at the end of April 2020 with a holding worth USD 157.4 billion?
A
6th
B
12th
C
8th
D
4th
Explanation: 

Detailed explanation-1: -India becomes 12th largest holder of US govt securities at April end. India has become the 12th largest holder of US government securities at the end of April, with holding worth 157.4 billion dollars.

Detailed explanation-2: -Of the total 7.5 trillion held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 970 billion U.S. dollars in U.S. securities.

Detailed explanation-3: -US Treasurys Owned by China, in USD Billions As of Jan. 2021, China owns $1.095 trillion of the total $28 trillion U.S. national debt.

Detailed explanation-4: -27 Commercial banks remained the largest holders of government securities (including T-Bills and SDLs) accounting for 37.4 per cent share as at end-March 2022, followed by insurance companies (25.6 per cent), the Reserve Bank (10.6 per cent) and provident funds (9.6 per cent).

Detailed explanation-5: -The g-sec market is dominated by institutional investors such as banks, mutual funds, and insurance companies. These entities trade in lot sizes of Rs 5 crore or more.

There is 1 question to complete.