Which among the following is / are objectives of the Public Debt Management Agency (PDMA), which the government intends to set up?
1. Streamline the debt requirement of the government
2. Sale and Purchase of Bonds
3. Monitor the utilisation of external and domestic public debt
Select the correct option from the codes given below:

Answer: [D] 1, 2 & 3

From Budget Speech

“I intend to begin this process this year by setting up a Public Debt Management Agency (PDMA) which will bring both India’s external borrowings and domestic debt under one roof.

Other Notes:

This agency will structure the debt requirement, monitor the utilization and the cost of the debt. It will collect and publish information of public debt. Then it will purchase and re-issue various bonds. This agency will be further responsible to make payment of interest and repayment also to the bond holders.

This question is a part of GKToday's Integrated IAS General Studies Module