Indian Economy: Multi-statement (How Many Style) PYQ.
UPSC Prelims Indian Economy previous year questions in the "Multi-statement (How Many Style)" question pattern — real questions with answers and explanations.
3 questions · sorted by year
2025Multi-statement (How Many Style)Financial Markets & Instruments
With reference to investments, consider the following:
I. Bonds
II. Hedge Funds
III. 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
Explanation: * Alternative Investment Funds (AIFs) collect capital to invest in non-public or complex instruments beyond traditional choices like listed stocks and bonds. * Item II is an AIF: Hedge Funds employ complex trading strategies and leverage, classified under Category III AIF. * Item IV is an AIF: Venture Capital funds invest in startups or early-stage ventures, classified under Category I AIF. * Therefore, only two options (II and IV) are treated as Alternative Investment Funds.
Select an option to reveal the answer
📌 Money and Capital MarketsRelevance 55%
2025Current AffairsMulti-statement (How Many Style)Digital Payments & FinTech
Consider the following countries:
I. France
II. United Arab Emirates
III. Germany
IV. Singapore
V. Bangladesh
How many countries amongst the above are there other than India where international merchant payments are accepted under UPI?
A.Only two
B.Only three
C.Only four
D.All the five
Explanation: * Unified Payments Interface (UPI) merchant payments are active internationally at specific merchant venues outside India. * Item I (UAE), Item II (France—officially launched at the iconic Eiffel Tower), and Item IV (Singapore) are countries where international merchant acceptance is live. * Item III (Germany) and Item V (Bangladesh) do not currently support UPI international merchant payment frameworks. * Therefore, exactly three countries on the list are valid merchant acceptance territories.
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📌 FinTech and Digital EcosystemRelevance 100%
2025Multi-statement (How Many Style)Infrastructure, Industry & Minerals
Consider the following activities:
I. Production of crude oil
II. Refining, storage and distribution of petroleum
III. Marketing and sale of petroleum products
IV. Production of natural gas
How many of the above activities are regulated by the Petroleum and Natural Gas Regulatory Board in our country?
A.Only one
B.Only two
C.Only three
D.All the four
Explanation: * The Petroleum and Natural Gas Regulatory Board (PNGRB) was established under a statutory Act of 2006 to protect consumer interests and monitor downstream networks. * As mandated by the Act, the board regulates the refining, processing, storage, transport, distribution, marketing, and commercial sale of petroleum, petroleum products, and natural gas. This validates Activities II and III. * The statutory framework explicitly excludes the core upstream extraction and production of crude oil (Activity I) and natural gas (Activity IV) from the board's regulatory domain. * Therefore, exactly two activities are regulated.