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

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 2024 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

Consider the following statements:

Statement-I: Syndicated lending spreads the risk of borrower default across multiple lenders.

Statement-II: The syndicated loan can be a fixed amount/lump sum of funds, but cannot be a credit line.

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

3
UPSC Civil Service Prelims Paper I 2024 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

Consider the following statements in respect of the digital rupee:

1. It is a sovereign currency issued by the Reserve Bank of India (RBI) in alignment with its monetary policy.

2. It appears as a liability on the RBI's balance sheet.

3. It is insured against inflation by its very design.

4. It is freely convertible against commercial bank money and cash.

Which of the statements given above are correct?

A

1 and 2 only

B

1 and 3 only

C

2 and 4 only

D

1, 2 and 4

4
UPSC Civil Service Prelims Paper I 2024 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66
Change Language

Consider the following statements:

1. India is a member of the International Grains Council.

2. A country needs to be a member of the International Grains Council for exporting or importing rice and wheat.

Which of the statements given above is/are correct ?

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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