2000 General Studies, all questions

UPSC Prelims 2000 · General Studies

Question 33: Economy and Social Development

Resurgent India Bonds were issued in US Dollar, Pound Sterling and

aJapanese Yen
bDeutsche Mark
cEuro
dFrench Franc

AnswerThe answer is (b).

Resurgent India Bonds were issued by the State Bank of India in August 1998 to non-resident Indians, after the sanctions that followed the Pokhran tests. They were denominated in US dollars, pound sterling and Deutsche Mark. The euro came into being only in January 1999, after the issue, and the yen and French franc were not used.

Why each option is right or wrong
  • (a) The yen was not one of the currencies of these bonds.
  • (b) Right: the bonds were in US dollars, pounds sterling and Deutsche Marks.
  • (c) The euro came into being in January 1999, after the bonds were issued.
  • (d) The French franc was not one of the currencies of these bonds.

Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 2000, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.