UPSC Prelims Past Year Paper 2025: Paper 1 (GS) SET - A | UPSC Previous Year Question Papers and Video Analysis PDF Download

 Page 1


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(c) tc@ I 3fR III (d) I, II 3fR III 
Page 3


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Note : English version of the instructions is printed on the back cover of this Booklet. 
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IV. ~ ~ cfi1 ~ ~ 
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t, 
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le ftq)i -q ~ ~ q;<cft t ~ ~: 
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(c) tc@ I 3fR III (d) I, II 3fR III 
1. With reference to investments, consider 
the following : 
I. Bonds II. Hedge Funds 
111. Stocks IV. Venture Capital 
How many of the above are treated as 
Alternative Investment Funds? 
(a} Only one (b) Only two 
(c} Only three (d} All the four 
2. Which of the following are the sources of 
income for the Reserve Bank of India? 
I. 
I. Buying and selling Government 
bonds 
II. Buying and selling foreign currency 
111. Pension fund management 
IV. Lending to private companies 
V. Printing and distributing currency 
notes 
Select the correct answer using the code 
given below. 
(a} I and II only 
(b} 11, III and IV 
(c} I, Ill, IV and V 
(d} I, II and V 
3. With reference to the Government 
of India, consider the following 
information : 
Organization Some of its It worb 
functions under 
Directorate of Enforcement Internal 
Enforcement of the Security 
Fugitive Division-I, 
Economic Ministry of 
Offenders Home Affairs 
Act, 2018 
II. Directorate of Enforces the Department 
III. 
Revenue Provisions of of Revenue, 
Intelligence the Customs Ministry of 
Act, 1962 Finance 
Directorate Canying out Department 
General of big data of Revenue, 
Systems analytics to Ministry of 
and Data assist tax Finance 
Management officers for 
better policy 
and nabbing 
tax evaders 
In how many of the above rows is the 
information correctly matched? 
(a} Only one (b} Only two 
(c} All the three (d} None 
LVPK-O-PS0/56A 3 
4. Consider the following statements : 
I. The Reserve Bank of India 
mandates all the listed companies 
in India to submit a Business 
Responsibility and Sustainability 
Report (BRSR). 
II. In India, a company submitting 
a BRSR makes disclosures in the 
report that are largely non-financial 
in nature. 
Which of the statements given above 
is/ are correct? 
(a} I only (b} II only 
(c} Both I and II (d} Neither I nor II 
5. Consider the following statements : 
Statement I : 
In India, income from allied 
agricultural activities like poultry 
farmin~ and wool rearing in rural 
areas 1s exempted from any tax. 
Statement II : 
In India, rural agricultural land is 
not considered a capital asset 
under the provisions of the 
Income-tax Act, 1961. 
Which one of the following is correct in 
respect of the above statements? 
(a} Both Statement I and Statement II 
· are correct and Statement II 
explains Statement I 
(b} Both Statement I and Statement II 
are correct but Statement II does 
not explain Statement I 
(c} Statement I is correct but 
Statement II is not correct 
(d} Statement I is not correct but 
Statement II is correct 
6. Consider the following statements : 
I. India has joined the Minerals 
Security Partnership as a member. 
II. India is a resource-rich country in 
all the 30 critical minerals that it 
has identified. 
III. The Parliament in 2023 has 
amended the Mines and Minerals 
(Development and Regulation) Act, 
1957 empowering the Central 
Government to exclusiv~ly auction 
mining lease and composite license 
for certain critical minerals. 
Which of the statements given above are 
correct? 
(a} I and II only (b} II and III only 
(c} I and III only (d} I, II and III 
I P.T.O. 
Page 4


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Note : English version of the instructions is printed on the back cover of this Booklet. 
1 
1. ~ t ~ il, Pti:.t~furn "CR h ~ : 
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t, 
II. \Tiffl it, oqrcrnlf4cfi 3'd(~lf4t=q afr< @mrr 
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le ftq)i -q ~ ~ q;<cft t ~ ~: 
ftt-~~t,, 
'3$ ~ il ~ ctr-J-m/~-~ ffi t/1? 
(a) m I (b) m II 
(c) I aft{ II ir-11 (d) ~ m I am ~ ~ II 
5. Pti:.tfftf&a cfivr-TT "CR ~ ~ : 
~I: 
~ il, miftuJ ~ il w-~ am ~ 
~ ~ M ~ cfil'fcfic:114 ~ J111{ 3TitJ cfi1 
M~~~~J111{tl 
~II: 
\Tiffl il, ~ 3tfqf.tqit, 1961 t ~ t 
~, miftuJ ~ ~ cfi1 ~ qf«iqRI ~ 
lJR1 ·_;1@"( t I 
~ cfivr-TT t "i1'R il, Ai:.t~f&a ~ ~ ~-m 
~ffit? 
(a) ~ I am~ IIir-n~tovn~ II, 
~ l~'ciqRgqJ~t 
(b) ~ I am ~ II ir-11 ~ t ~ 
~II,~ J~'ciqRgql~~t 
(c) ~I~t~~II~1°tft 
(d) ~I~~t~~II~t 
6. Ai:.tfftf&a cfivr-TT 'CR ~ ~ : 
I. 'llffl, ~ ~ ~ il ~ ~ t 
~ il efuiffta ~ 1'(ifl t 1 
II. 'Tiffl &tlAiT<T~-elit 30 3lftl' ~ 
~ il w:R-'Wffl t I 
III. ~ ~ 2023 il lm am ~ (~ 
~ Pc4f.tqq-1) 34ftlf.\qq, 1957 il ~ 
~~3lftf~~t~"tg.R 
~ am • (cfi&11)~2> ~ ~ ~ 
~~~~-cfi)~~~~ 
~,, 
~ cfivr-TT il -« ~--« ~ t? 
(a) ~ I am Il (b) ~ II am III 
(c) tc@ I 3fR III (d) I, II 3fR III 
1. With reference to investments, consider 
the following : 
I. Bonds II. Hedge Funds 
111. Stocks IV. Venture Capital 
How many of the above are treated as 
Alternative Investment Funds? 
(a} Only one (b) Only two 
(c} Only three (d} All the four 
2. Which of the following are the sources of 
income for the Reserve Bank of India? 
I. 
I. Buying and selling Government 
bonds 
II. Buying and selling foreign currency 
111. Pension fund management 
IV. Lending to private companies 
V. Printing and distributing currency 
notes 
Select the correct answer using the code 
given below. 
(a} I and II only 
(b} 11, III and IV 
(c} I, Ill, IV and V 
(d} I, II and V 
3. With reference to the Government 
of India, consider the following 
information : 
Organization Some of its It worb 
functions under 
Directorate of Enforcement Internal 
Enforcement of the Security 
Fugitive Division-I, 
Economic Ministry of 
Offenders Home Affairs 
Act, 2018 
II. Directorate of Enforces the Department 
III. 
Revenue Provisions of of Revenue, 
Intelligence the Customs Ministry of 
Act, 1962 Finance 
Directorate Canying out Department 
General of big data of Revenue, 
Systems analytics to Ministry of 
and Data assist tax Finance 
Management officers for 
better policy 
and nabbing 
tax evaders 
In how many of the above rows is the 
information correctly matched? 
(a} Only one (b} Only two 
(c} All the three (d} None 
LVPK-O-PS0/56A 3 
4. Consider the following statements : 
I. The Reserve Bank of India 
mandates all the listed companies 
in India to submit a Business 
Responsibility and Sustainability 
Report (BRSR). 
II. In India, a company submitting 
a BRSR makes disclosures in the 
report that are largely non-financial 
in nature. 
Which of the statements given above 
is/ are correct? 
(a} I only (b} II only 
(c} Both I and II (d} Neither I nor II 
5. Consider the following statements : 
Statement I : 
In India, income from allied 
agricultural activities like poultry 
farmin~ and wool rearing in rural 
areas 1s exempted from any tax. 
Statement II : 
In India, rural agricultural land is 
not considered a capital asset 
under the provisions of the 
Income-tax Act, 1961. 
Which one of the following is correct in 
respect of the above statements? 
(a} Both Statement I and Statement II 
· are correct and Statement II 
explains Statement I 
(b} Both Statement I and Statement II 
are correct but Statement II does 
not explain Statement I 
(c} Statement I is correct but 
Statement II is not correct 
(d} Statement I is not correct but 
Statement II is correct 
6. Consider the following statements : 
I. India has joined the Minerals 
Security Partnership as a member. 
II. India is a resource-rich country in 
all the 30 critical minerals that it 
has identified. 
III. The Parliament in 2023 has 
amended the Mines and Minerals 
(Development and Regulation) Act, 
1957 empowering the Central 
Government to exclusiv~ly auction 
mining lease and composite license 
for certain critical minerals. 
Which of the statements given above are 
correct? 
(a} I and II only (b} II and III only 
(c} I and III only (d} I, II and III 
I P.T.O. 
7. AAR!f&i1 M 'q'( ~ ~: 
~I : 
~octiM~i\~~11'TR~ctil 
lr.iQ t, ~ 'q'( ~ lIT,TI ~ t ~ 
m-~ ~ ~ i\ "ilR-~ ~ ~~ 
<ti'{ ~nftJin~ t I 
~II : 
"i!R-~ M ~ t ~ ~ ! , ~ 
m -~~~~tl 
~Ill : 
~t~t~,~~rn 
"i!R-~ qi) * - ~ ~ ~~ !O~~<tii11 
~~ti 
• ~ t ~ i\, AAR!f&a it ~ ~-m 
~~t? 
(a) cfilH II ~ cfilH III ~ ~ t om ~ ~ 
~I~~~t 
(b) ~ I ~ ~ II~~ t ~ ~ I, 
cfilH ll~~~t 
(c) ~ II ~ ~ Ill i\ ~ m ~ ~ t 
om~~•~~qi«flt 
(dJ ~m~ II 3fR~"t\~ m~t 
s. AAR!f&a ~ 'q'( ~ ~ : 
I. ~ l<R 'q'( ~ ~ ~ ~ ~ 
~ t ~ -q '1ml ctil ~ ~ 
3ffl mm t , ~ ~ '1ml ~ ~ qi) 
~ti 
II. m8 t ~ ~ -q '1ml cti1 ~ iITTfR 
~~~t,~cfcti~"J{R~~ 
~~q;)\fi-cftu~~I 
III. ~ ~ qi) 'lfl <fl ~ ~ ~ 
~ ~ ~ 'lfl ~ ~ -q ~ 
~ {k11(:<til0 ~ ~ ~ t ~ ~ 
~ ~ ~ t I 
.~"q~-~~~t? 
(a) ~ I 3fR 11 
(b) ~II~ III 
(c) ~I~ III 
(d) I, II 3fR III 
LVPK-0- PSO /56A 
4 
9. AA!flf&a m 'q'( ~ ~ : 
~I : 
~ 3ivf<4clf\QI !1->H(IIJ(-f trffl t ~ qi) q;iJ 
cti«ft t I 
cfilH II : 
~ ~vf<4clf\QI 3TT7@ t ~ i\ ~ 1f'@ t 
'WM qi) q;iJ cti«ft t I 
~III: 
~ 31vfc4c1~1 ~ ~ i\ ~ qi) 
<ti'{ cti«ft t I 
~ ~ ~ ~ i\, AA!flitsa q ~ ~-m 
~~t? 
(a) ~ II 3fR ~ III ~ ~ tom ~ ~ 
~ I~~~t 
(b) ~ II 3m ~ III ~ ~ t ~ m 
~m~,~•c#i'l~~t 
(c) ~ II 3ffi ~ Ill -q ~ ~ ~ ~ t 
om~~ lc#i'l~~t 
(d) ~ <fl ~ II ~ ~ "t\ ~ III~ t 
10. AA!flf&a m 'q'( ~ ~ : 
I. ~ ~ ~ ctil ~ cti«ft t 'lfl 
~ ~ q~qR,q1 i\ ~ "ffi<fi t I 
II. '3lffl-~ 3ffi~~~t, 
III. ri 'q'( 1l'TR -ITTr ~ c#i'I ~ cfiT ~ 
~ti 
~~i\~-~~~t? 
(a) ~ I 3ffi II 
(b) ~ II 3ffi III 
(c) ~ I 3ffi III 
(d) I, II 3ffi III 
• 
Page 5


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2. ~ cqr-J ~ ~ OMR ~-'q"pi it~~ 'q'{ m;f .rRR ~ ,n\~ ~ ~ A, B, C 111 D 1fi1 CQR 1' 
~ ft-:n ft;lft '""111 ~ ~ ~ ~ ~ ~ ~ ~"4Gi6 3uftGcm ~ t I ~ ~ '5lCfiTt ~ "l'fi/Rilti,,~ 
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~~~t,m~~<hl~'ifil~~~~l~~t~'$cffl~~~,=Rl~l 
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7. ~ ~ ~ 31A -qt\!5111 ~ t ~ ~ t ~ ~-'q';fcfi 1R ~ qi\'ff ~ q;°t, ~ "5ml Jrq111J-~ t m'f 
~ ~ t ~~~~-ll'3l'cfi-q~tl 
8. 31A 3l'R ~ ~ ~ ~-ll'3l'cfi it~ t ~ 1'tfl -qt\en t ~ 1R '$cffl ~-'q"pi 31tftffli ~ ~ t I~ 3l'R 
m'f ~!5111 ~-a~~~ t1 
9. ~cfil"ft~ll'3l'cfi, ~td11J~t ~it Hit 
10.1JRWm~~~: 
lflft m it aaflGqi( fflT ~ ~ 1JRW m ~ ~ ~ ~ ~' 
(i) ~mt~~ h1~ifi ~11 aufl<•m1m~mt~~~~'ITffif~t~m~~~ 
'i'fQ; 3T<liT ctiT ~-fc\lTf ~ t ~ it 'ifiTll~l 
(ii) llftchl{ 3ut1<ql(~"Q ~~~t. ffl~lJRW~lfRI~, ~~~'3ml-q"Q~~~~t 
~ '1ft ~mt~ 3q~1:1er< ~ ~ ~ cfil ~~~I 
(iii) ~ aufl<ql( 1m 'cfi)i ffl ~ ':Jtf ~ ~ t 311ffil 3ufl<ql( 00 ~ ~ ~ ~ t, ffl ~ ffl t ~ 1'i1f ~ 
-.rgt~~l 
Note : English version of the instructions is printed on the back cover of this Booklet. 
1 
1. ~ t ~ il, Pti:.t~furn "CR h ~ : 
I. ~ II. 'SffiR~ ~ (~ ~) 
111.'Rfcfi IV.~{;;ft 
'3$ il ~ ~ cfi1 ~cfi~cfi ~ ~ lJR1 
~t? 
(a) m~ (b) m~ 
(c) m~ (d) ~~ 
· 2. Pti:.i~f&a il ctR -~ ~, 'lmft?f fuircf ~ ~ 3TitJ 
* mcf t? 
I. ~ 'il'Rl ctil sfiq am~ 
11. ~~cfilsfiq ~~ 
III. ~~~ 
IV. ~ ~ cfi1 ~ ~ 
V. ~ -;nit ctiT ~ am fcmur 
~~lW:~ctil"Wm~~'Jm~I 
(a) m I am II 
(b) II, III am IV 
(c) I, III, IV am V 
(d) I, II am V 
3. 'Tiffl ~ t ~ il, Pti:.tfftf&a ~ lR h 
~: 
I. 
II. 
III. 
~ 
~~~¥U 
1q~ 
~ ~anfr-f 
~ 
cfifflT l 
~ ~~~ 3ffilftq;~~ 
Pt~1'lic:1q arftlf.tqit, 2018 ctiT ~-1, ~ 
~ ~ 
~ ~-~ ~ftlf.tqit, ~fcf'WT, 
~ 
1962 t ~ cfi1 
fc@~ 
Pt~1'lic:1q ~cfi\'n 
'SIVT@twi 
~-:ftfcf am ~fcf'WT, 
~ 
~-~ cfi1 ~ il 
fc@~ 
(~~ ~ ~ftlcfi11t4i ~ 
~)~ 
~t~~ 
it~,Pt~1'lic:1q ~ (~) fc4~~l'40I 
ctiT am cfi\'n 
'3$ it~~ rffit;q)-ij ~ ffi ~ t? 
(a) m~ (b) m~ 
(c) ~'$1 (d) Mil1'tt 
LVPK--O-PS0/56A 
2 
4. Pti:.t~f&a ~ "CR~ ~ : 
I. 'lmft?f fu;rcf ~ ~ il ~ ~ 
~ -cfi) 6qicH1if4cfi 3fl<~lf4rq 3ITT ~ 
ftq)i ~ fh:qlf.?f~~ll ~ e~~Pcifflll 
ftq)i (BRSR)] ~ ~ ctil ~ ~ 
t, 
II. \Tiffl it, oqrcrnlf4cfi 3'd(~lf4t=q afr< @mrr 
ftq)i ( BRSR) ~ ~ ~ 'cfi)f ci;q;ft, 
le ftq)i -q ~ ~ q;<cft t ~ ~: 
ftt-~~t,, 
'3$ ~ il ~ ctr-J-m/~-~ ffi t/1? 
(a) m I (b) m II 
(c) I aft{ II ir-11 (d) ~ m I am ~ ~ II 
5. Pti:.tfftf&a cfivr-TT "CR ~ ~ : 
~I: 
~ il, miftuJ ~ il w-~ am ~ 
~ ~ M ~ cfil'fcfic:114 ~ J111{ 3TitJ cfi1 
M~~~~J111{tl 
~II: 
\Tiffl il, ~ 3tfqf.tqit, 1961 t ~ t 
~, miftuJ ~ ~ cfi1 ~ qf«iqRI ~ 
lJR1 ·_;1@"( t I 
~ cfivr-TT t "i1'R il, Ai:.t~f&a ~ ~ ~-m 
~ffit? 
(a) ~ I am~ IIir-n~tovn~ II, 
~ l~'ciqRgqJ~t 
(b) ~ I am ~ II ir-11 ~ t ~ 
~II,~ J~'ciqRgql~~t 
(c) ~I~t~~II~1°tft 
(d) ~I~~t~~II~t 
6. Ai:.tfftf&a cfivr-TT 'CR ~ ~ : 
I. 'llffl, ~ ~ ~ il ~ ~ t 
~ il efuiffta ~ 1'(ifl t 1 
II. 'Tiffl &tlAiT<T~-elit 30 3lftl' ~ 
~ il w:R-'Wffl t I 
III. ~ ~ 2023 il lm am ~ (~ 
~ Pc4f.tqq-1) 34ftlf.\qq, 1957 il ~ 
~~3lftf~~t~"tg.R 
~ am • (cfi&11)~2> ~ ~ ~ 
~~~~-cfi)~~~~ 
~,, 
~ cfivr-TT il -« ~--« ~ t? 
(a) ~ I am Il (b) ~ II am III 
(c) tc@ I 3fR III (d) I, II 3fR III 
1. With reference to investments, consider 
the following : 
I. Bonds II. Hedge Funds 
111. Stocks IV. Venture Capital 
How many of the above are treated as 
Alternative Investment Funds? 
(a} Only one (b) Only two 
(c} Only three (d} All the four 
2. Which of the following are the sources of 
income for the Reserve Bank of India? 
I. 
I. Buying and selling Government 
bonds 
II. Buying and selling foreign currency 
111. Pension fund management 
IV. Lending to private companies 
V. Printing and distributing currency 
notes 
Select the correct answer using the code 
given below. 
(a} I and II only 
(b} 11, III and IV 
(c} I, Ill, IV and V 
(d} I, II and V 
3. With reference to the Government 
of India, consider the following 
information : 
Organization Some of its It worb 
functions under 
Directorate of Enforcement Internal 
Enforcement of the Security 
Fugitive Division-I, 
Economic Ministry of 
Offenders Home Affairs 
Act, 2018 
II. Directorate of Enforces the Department 
III. 
Revenue Provisions of of Revenue, 
Intelligence the Customs Ministry of 
Act, 1962 Finance 
Directorate Canying out Department 
General of big data of Revenue, 
Systems analytics to Ministry of 
and Data assist tax Finance 
Management officers for 
better policy 
and nabbing 
tax evaders 
In how many of the above rows is the 
information correctly matched? 
(a} Only one (b} Only two 
(c} All the three (d} None 
LVPK-O-PS0/56A 3 
4. Consider the following statements : 
I. The Reserve Bank of India 
mandates all the listed companies 
in India to submit a Business 
Responsibility and Sustainability 
Report (BRSR). 
II. In India, a company submitting 
a BRSR makes disclosures in the 
report that are largely non-financial 
in nature. 
Which of the statements given above 
is/ are correct? 
(a} I only (b} II only 
(c} Both I and II (d} Neither I nor II 
5. Consider the following statements : 
Statement I : 
In India, income from allied 
agricultural activities like poultry 
farmin~ and wool rearing in rural 
areas 1s exempted from any tax. 
Statement II : 
In India, rural agricultural land is 
not considered a capital asset 
under the provisions of the 
Income-tax Act, 1961. 
Which one of the following is correct in 
respect of the above statements? 
(a} Both Statement I and Statement II 
· are correct and Statement II 
explains Statement I 
(b} Both Statement I and Statement II 
are correct but Statement II does 
not explain Statement I 
(c} Statement I is correct but 
Statement II is not correct 
(d} Statement I is not correct but 
Statement II is correct 
6. Consider the following statements : 
I. India has joined the Minerals 
Security Partnership as a member. 
II. India is a resource-rich country in 
all the 30 critical minerals that it 
has identified. 
III. The Parliament in 2023 has 
amended the Mines and Minerals 
(Development and Regulation) Act, 
1957 empowering the Central 
Government to exclusiv~ly auction 
mining lease and composite license 
for certain critical minerals. 
Which of the statements given above are 
correct? 
(a} I and II only (b} II and III only 
(c} I and III only (d} I, II and III 
I P.T.O. 
7. AAR!f&i1 M 'q'( ~ ~: 
~I : 
~octiM~i\~~11'TR~ctil 
lr.iQ t, ~ 'q'( ~ lIT,TI ~ t ~ 
m-~ ~ ~ i\ "ilR-~ ~ ~~ 
<ti'{ ~nftJin~ t I 
~II : 
"i!R-~ M ~ t ~ ~ ! , ~ 
m -~~~~tl 
~Ill : 
~t~t~,~~rn 
"i!R-~ qi) * - ~ ~ ~~ !O~~<tii11 
~~ti 
• ~ t ~ i\, AAR!f&a it ~ ~-m 
~~t? 
(a) cfilH II ~ cfilH III ~ ~ t om ~ ~ 
~I~~~t 
(b) ~ I ~ ~ II~~ t ~ ~ I, 
cfilH ll~~~t 
(c) ~ II ~ ~ Ill i\ ~ m ~ ~ t 
om~~•~~qi«flt 
(dJ ~m~ II 3fR~"t\~ m~t 
s. AAR!f&a ~ 'q'( ~ ~ : 
I. ~ l<R 'q'( ~ ~ ~ ~ ~ 
~ t ~ -q '1ml ctil ~ ~ 
3ffl mm t , ~ ~ '1ml ~ ~ qi) 
~ti 
II. m8 t ~ ~ -q '1ml cti1 ~ iITTfR 
~~~t,~cfcti~"J{R~~ 
~~q;)\fi-cftu~~I 
III. ~ ~ qi) 'lfl <fl ~ ~ ~ 
~ ~ ~ 'lfl ~ ~ -q ~ 
~ {k11(:<til0 ~ ~ ~ t ~ ~ 
~ ~ ~ t I 
.~"q~-~~~t? 
(a) ~ I 3fR 11 
(b) ~II~ III 
(c) ~I~ III 
(d) I, II 3fR III 
LVPK-0- PSO /56A 
4 
9. AA!flf&a m 'q'( ~ ~ : 
~I : 
~ 3ivf<4clf\QI !1->H(IIJ(-f trffl t ~ qi) q;iJ 
cti«ft t I 
cfilH II : 
~ ~vf<4clf\QI 3TT7@ t ~ i\ ~ 1f'@ t 
'WM qi) q;iJ cti«ft t I 
~III: 
~ 31vfc4c1~1 ~ ~ i\ ~ qi) 
<ti'{ cti«ft t I 
~ ~ ~ ~ i\, AA!flitsa q ~ ~-m 
~~t? 
(a) ~ II 3fR ~ III ~ ~ tom ~ ~ 
~ I~~~t 
(b) ~ II 3m ~ III ~ ~ t ~ m 
~m~,~•c#i'l~~t 
(c) ~ II 3ffi ~ Ill -q ~ ~ ~ ~ t 
om~~ lc#i'l~~t 
(d) ~ <fl ~ II ~ ~ "t\ ~ III~ t 
10. AA!flf&a m 'q'( ~ ~ : 
I. ~ ~ ~ ctil ~ cti«ft t 'lfl 
~ ~ q~qR,q1 i\ ~ "ffi<fi t I 
II. '3lffl-~ 3ffi~~~t, 
III. ri 'q'( 1l'TR -ITTr ~ c#i'I ~ cfiT ~ 
~ti 
~~i\~-~~~t? 
(a) ~ I 3ffi II 
(b) ~ II 3ffi III 
(c) ~ I 3ffi III 
(d) I, II 3ffi III 
• 
7. Consider the following statements : 
Statement I : 
As regards returns from an 
investment in a company, 
generally, bondholders arc 
considered to be relatively at lower 
risk than stockholders. 
Statement II : 
Bondholders arc lenders to a 
company whereas stockholders are 
its owners. 
Statement III : 
For repayment purpose, bond­
holders are prioritized over 
stockholders by a company. 
Which one of the following is correct in 
respect of the above statements? 
(a) Both Statement II and Statement III 
are correct and both of them 
explain Statement I 
(b) Both Statement I and Statement II 
are correct and Statement I 
explains Statement II 
(c) Only one of the Statements II 
and lII is coi:rect and that explains 
Statement I 
(d) Neither Statement II nor Statement 
III is correct 
8. Consider the following statements : 
I. India accounts for a very large 
portion of all equity option 
contracts traded globally thus 
exhibiting a great boom. 
II. India's stock market has grown 
rapidly in the recent past even 
overtaking Hong Kong's at some 
point of time. 
III. There is no regulatory body either 
to warn the small investors about 
the risks of options trading or to act 
on unregistered financial advisors 
in this regard. 
Which of the statements given above are 
correct? 
(a) l and II only 
(b) II and Ill only 
(c) l and III only 
(d) l, II and III 
LVPK--O-PS0/56A 
9. Consider the following statements : 
Statement I : 
Circular economy reduces the 
emissions of greenhouse gases. 
Statement II : 
Circular economy reduces the use 
of raw materials as inputs. 
Statement Ill : 
Circular economy reduces wastage 
in the production process. 
Which one of the following is correct in 
respect of the above statements? 
(a) Both Statement II and Statement III 
are correct and both of them 
explain Statement I 
(b) Both Statement II and Statement III 
are correct but only one of them 
explains Statement I 
(c) Only one of the Statements II 
and III is correct and that explains 
Statement I 
(d) Neither Statement II nor Statement 
III is correct 
10. Consider the following statements : 
I. Capital receipts create a liability or 
cause a reduction in the assets of 
the Government. 
II. Borrowings and disinvestment are 
capital receipts. 
III. Interest received on loans creates a 
liability of the Government. 
Which of the statements given above are 
correct? 
(a) l and II only 
(b) II and III only 
(c) I and III only 
(d) l, II and III 
5 ( P.T.O.