2013 CSAT, all questions

UPSC Prelims 2013 · CSAT

Question 24: Reading Comprehension

Passage · as printed by UPSC
Passage beginning “Financial markets in India have acquired greater…”Passage beginning “Financial markets in India have acquired greater…”

According to the passage, the financial markets in the emerging market economies including India had the adverse impact in recent years due to

  1. 1.weak global economic prospects.
  2. 2.uncertainties in the international financial markets.
  3. 3.sovereign risk concerns in the Euro area.
  4. 4.bad monsoons and the resultant crop loss.

Select the correct answer using the code given below :

a1 and 2 only
b1, 2 and 3
c2 and 3 only
d2, 3 and 4

AnswerUPSC’s answer is (b).

The passage names three pressures on emerging markets, India included: weak global economic prospects, continuing uncertainty in international financial markets, and sovereign risk worries in the Euro area, with the Greek debt problem spreading volatility. Bad monsoons and crop loss are not mentioned anywhere, so statement 4 is out. Statements 1, 2 and 3 are all supported.

  • 1. Weak global economic prospects are cited as affecting emerging markets.
  • 2. Uncertainties in international financial markets are cited as an impact.
  • 3. Sovereign risk concerns in the Euro area are cited as affecting markets.
  • 4. Monsoons and crop loss are not mentioned in the passage.

How you could have got this

  1. If you were sure statement 1 is correct, (c) and (d) go: each of them leaves 1 out.

    What you needed to know: Weak global economic prospects are cited as affecting emerging markets.

  2. Then, if you were sure statement 3 is correct, (a) goes: it leaves 3 out.

    What you needed to know: Sovereign risk concerns in the Euro area are cited as affecting markets.

Only (b) is left. You didn’t need statements 2 or 4.

Which options go is worked out from UPSC’s key and the options, not by a model.

Why each option is right or wrong
  • (a) Wrong. It leaves out the Euro-area sovereign risk concern.
  • (b) Right. Weak global prospects, market uncertainty and Euro-area sovereign risk are all named.
  • (c) Wrong. It leaves out weak global economic prospects.
  • (d) Wrong. It includes bad monsoons, which are not mentioned.

Answer: UPSC’s key. Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 2013, General Studies Paper II (CSAT), Series A. The paper on upsc.gov.in.