1
UPSC Civil Service Prelims Paper I 2024 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66

Consider the following statements:

Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment.

Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government.

Which one of the following is correct in respect of the above statements?

A

Both Statement-I and Statement-II are correct and Statement-II explains Statement-I

B

Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I

C

Statement-I is correct, but Statement-II is incorrect

D

Statement-I is incorrect, but Statement-II is correct

2
UPSC Civil Service Prelims Paper I 2023 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

Consider the following statements :

Statement-I : Interest income from the deposits in Infrastructure Investment Trusts (InvITs) distributed to their investors is exempted from tax, but the dividend is taxable.

Statement-II : InvITs are recognized as borrowers under the 'Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002'.

Which one of the following is correct in respect of the above statements?

A
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
B
Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
C
Statement-I is correct but Statement-II is incorrect
D
Statement-I is incorrect but Statement-II is correct
3
UPSC Civil Service Prelims Paper I 2023 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

Consider the following statements:

The 'Stability and Growth Pact' of the European Union is a treaty that

1. limits the levels of the budgetary deficit of the countries of the European Union

2. makes the countries of the European Union to share their infrastructure facilities

3. enables the countries of the European Union to share their technologies

How many of the above statements are correct?

A
Only one
B
Only two
C
All three
D
None
4
UPSC Civil Service Prelims Paper I 2022 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

With reference to the Indian economy, consider the following statements:

1. A share of the household financial savings goes towards government borrowings.

2. Dated securities issued at market-related rates in auctions form a large component of internal debt.

Which of the above statements is/are correct ?

A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
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