UPSC CSE 2022 (Prelims) General Studies Previous Year Paper (05-Jun-2022)

Question 1

"Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following ?

Accepted Answer

International Monetary Fund

Answer

Asian Development Bank

Answer

United Nations Environment Programme Finance Initiative

Answer

World Bank

Question 2

With reference to the Indian economy, consider the following statements:1. An increase in Nominal Effective Exchange Rate (NEER) indicates the appreciation of rupee.2. An increase in the Real Effective Exchange Rate (REER) indicates an improvement in trade competitiveness.3. An increasing trend in domestic inflation relative to inflation in other countries is likely to cause an increasing divergence between NEER and REER.Which of the above statements are correct ?

Accepted Answer

1 and 3 only

Answer

1 and 2 only

Answer

2 and 3 only

Answer

1, 2 and 3

Question 3

With reference to the Indian economy, consider the following statements :1. If the inflation is too high, Reserve Bank of India (RBI) is likely to buy government securities.2. If the rupee is rapidly depreciating, RBI is likely to sell dollars in the market.3. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars.Which of the statements given above are correct ?

Accepted Answer

2 and 3 only

Answer

1 and 2 only

Answer

1 and 3 only

Answer

1, 2 and 3

Question 4

With reference to the "G20 Common Framework", consider the following statements:1. It is an initiative endorsed by the G20 together with the Paris Club.2. It is an initiative to support Low Income Countries with unsustainable debt.Which of the statements given above is/are correct ?

Accepted Answer

Both 1 and 2

Answer

1 only

Answer

2 only

Answer

Neither 1 nor 2

Question 5

With reference to the Indian economy, what are the advantages of "Inflation-Indexed Bonds (IIBs)" ?1. Government can reduce the coupon rates on its borrowing by way of IIBs.2. IIBs provide protection to the investors from uncertainty regarding inflation.3. The interest received as well as capital gains on IIBs are not taxable.Which of the statements given above are correct?

Accepted Answer

1 and 2 only

Answer

2 and 3 only

Answer

1 and 3 only

Answer

1, 2 and 3

UPSC CSE 2022 (Prelims) General Studies Previous Year Paper (05-Jun-2022)

UPSC CSE (IAS) 2026 Prelims Mock Test Series

CA 2025 - UPSC IAS & State PSC Current Affairs (New)

UPSC CSE NCERT Based General Studies Mock Tests Series

UPSC & State PSCs Polity Test Series (Updated)

UPSC & State PSCs History Test Series

UPSC & State PSCs Geography Test Series