India's holding of US securities (USS) surged by more than USD 20 billion in just three months ended June 2021 to USD 220.2 billion. What is the rank of India in terms of largest holder of these securities?

India's holding of US securities (USS) surged by more than USD 20 billion in just three months ended June 2021 to USD 220.2 billion. What is the rank of India in terms of largest holder of these securities? Correct Answer 11th

The correct answer is 11th.

  • India's holding of US securities (USS) surged by more than USD 20 billion in just three months ended June 2021 to USD 220.2 billion.
  • India is the 11th largest holder of these securities while Japan has the most exposure at little over USD 1.277 trillion.
  • Compared to June 2020 last year, the exposure of India to the US Treasury securities jumped by nearly USD 40 billion.​
  • Forex reserves of India stood at USD 619.365 billion in the week ended August 13 after touching a record high of USD 621.464 billion in the previous reporting week.
  • In terms of US Treasury securities' holding, Japan is at the top followed by China with an exposure of USD 1.061 trillion at the end of June.
  • At the third spot was the United Kingdom with holding worth USD 452.9 billion, followed by Ireland (USD 322.9 billion), Luxembourg (USD 301.8 billion), Switzerland (USD 270.1 billion), Brazil (USD 249 billion), Cayman Islands (USD 244.8 billion), Taiwan (USD 239.4 billion) and Belgium (USD 228.5 billion), as per the data.​

Related Questions

The question given below consists of a statement, followed by three arguments I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. Industry officials and experts say they expect Indian regulators to cancel the licences of as many as 1,500 smaller non-banking finance companies because they don't have adequate capital, and to also make it more difficult for new applicants to get approval. Which of the following argument(s) stated support(s) the given fact? Arguments: I. Better capitalised and more conservatively run finance firms are likely to swallow up an increasing number of smaller rivals. That could make it difficult for many small borrowers to get loans, especially in the countryside where two-thirds of India's 1.3 billion people live and put the brakes on a surge in private consumption with a knock-on effect on growth.  II. The shadow banking sector now comprises more than 11,400 firms with a combined balance-sheet worth 22.1 trillion rupees ($304 billion) and is less strictly regulated than banks. It has been attracting new investors, particularly as the nation's banks have had to slow their lending as they seek to work through $150 billion of stressed assets.  III. Nearly 11,000 of India's NBFCs are small and medium-sized businesses with an asset base of less than 5 billion rupees. But the top 400, many of which are backed by banks and finance companies, control about 90 percent of the assets under management.