CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India became the ____ th largest holder of US government securities at the end of April, with holding worth $157.4 billion, according to official data?
A
10th
B
17th
C
15th
D
12th
Explanation: 

Detailed explanation-1: -Foreign holders of United States treasury debt Of the total 7.2 trillion held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 870 billion U.S. dollars in U.S. securities.

Detailed explanation-2: -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-3: -1. Japan. Japan held $1.08 trillion in Treasury securities as of November 2022, beating out China as the largest foreign holder of U.S. debt.3 The low and negative yield market in Japan makes holding U.S. debt attractive. Japan holds 14.87% of foreign-owned U.S. debt.

Detailed explanation-4: -The Government of India issues securities to raise capital for development projects. These securities are called government securities or G-secs, issued by RBI. The RBI manages the public debt of the Indian government. G-secs are issued in three forms: treasury bills, dated securities and bonds.

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