2022 GS Paper I, all questions

UPSC Prelims 2022 · GS Paper I

Question 61: Economy and Social Development

Consider the following statements :

  1. 1.Tight monetary policy of US Federal Reserve could lead to capital flight.
  2. 2.Capital flight may increase the interest cost of firms with existing External Commercial Borrowings (ECBs).
  3. 3.Devaluation of domestic currency decreases the currency risk associated with ECBs.

Which of the statements given above are correct ?

a1 and 2 only
b2 and 3 only
c1 and 3 only
d1, 2 and 3

UPSC dropped this question: it was not marked, and every candidate kept its marks either way.

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Source: UPSC, Civil Services (Preliminary) Examination 2022, General Studies Paper I, Series A. The paper on upsc.gov.in.