Indian Economy
Which of the following is not viewed as a national debt?

Provident Fund
Life Insurance Policies
National Saving Certificate
Long-term Government Bonds

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Indian Economy
Gross domestic capital formation is defined as

net addition to stock after depreciation
flow of expenditure devoted to increased or maintaining of the capital stock
production exceeding demand
expenditure incurred on physical assets only

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to lend more easily for industrial development
to setup more foreign exchange banks
to govern entry of new private sector banks to make the banking sector more competitive
to reduce the freedom given to banks to rationalize their existing branch network

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