UPSC previous year question bank

UPSC Public finance Previous Year Questions

12 Public finance questions asked in previous UPSC examinations, arranged from the latest year with answers and explanations.

Questions
12
Years covered
2016–2025
Exam years
7
With answers
12

Public finance questions by year

UPSC Public finance Previous Year Questions

1–3 of 3
  1. Q3 Prelims 2024 Prelims GS

    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?

    1. Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
    2. Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
    3. Statement-I is correct, but Statement-II is incorrect
    4. Statement-I is incorrect, but Statement-II is correct
    Indian economyPublic financeSovereign debt and government bonds
    View answer & explanation

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