Prelims 2024 • Paper 1 (GS) • Q.51

Prelims 2024Paper 1 (GS) • Q.51
PrelimsPaper 1 (GS)2024 • Q.51
Economic and Social Development

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?

2024 PrelimsPaper 1 (GS)

Syllabus Connection

Economic and Social Development-Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives, etc. (Prelims)

NCERT Connection

Ch.5: Government Budget and the Economy

Economics • Class 12Class 12 Macroeconomics

Related PYQs in Economic and Social Development

2026PrelimsPaper 1 (GS)

Which of the following is/are the most significant implication(s) of obtaining Oeko-Tex certification for Eri Silk in the global textile industry? 1. It allows Indian exporters to compete in high-end markets that prioritise chemical-free products. 2. It confirms that Eri Silk meets international safety, environmental, and quality standards, enabling its entry into premium eco-conscious markets.

2026PrelimsPaper 1 (GS)

Which among the following is/are the objective(s) of the Rainfed Area Development (RAD) initiative under the National Mission for Sustainable Agriculture (NMSA)? 1. Encouraging monoculture in rainfed areas 2. Increasing rice cultivation in irrigated regions 3. Enhancing productivity and minimising climatic risks through Integrated Farming Systems (IFS)

2025PrelimsPaper 1 (GS)

With reference to investments, consider the following : I. Bonds II. Hedge Funds III. Stocks IV. Venture Capital How many of the above are treated as Alternative Investment Funds?

2024PrelimsPaper 1 (GS)

Consider the following countries: 1. Italy 2. Japan 3. Nigeria 4. South Korea 5. South Africa Which of the above countries are frequently mentioned in the media for their low birth rates, or ageing population or declining population?

2024PrelimsPaper 1 (GS)

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?