1
UPSC Civil Service Prelims Paper I 2021 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language
Which one of the following is likely to be the most inflationary in its effects?
A
Repayment of public debt
B
Borrowing from the public to finance a budget deficit
C
Borrowing from the banks to finance a‘ budget deficit
D
Creation of new money to finance a budget deficit
2
UPSC Civil Service Prelims Paper I 2021 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?

A
Diversion, of resources to the purchase of real estate and investment in luxury housing
B
Investment in unproductive activities and purchase of precious stones, jewellery, gold, etc
C
Large donations to political parties and growth of regionalism
D
Loss of revenue to the state Exchequer due to tax evasion
3
UPSC Civil Service Prelims Paper I 2021 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

Consider the following statements :

The effect of devaluation of a currency is that it necessarily

1. improves the competitiveness of the domestic exports in the foreign markets

2. increase the foreign value of domestic currency

3. improves the trade balance

Which of the above statements is/are correct?

A
1 only
B
1 and 2
C
3 only
D
2 and 3
4
UPSC Civil Service Prelims Paper I 2021 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

Consider the following :

1. Foreign currency convertible bonds

2. Foreign institutional investment with certain conditions

3. Global depository receipts

4. Non-resident external deposits

Which of the above can be included in Foreign Direct Investments?

A
1, 2 and 3
B
3 only
C
2 and 4
D
1 and 4
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