← All previous year questions
UPSC Civil ServicesPrelims2022General Studies Paper I
Question
QQ61. Consider the following statements : 1. Tight monetary policy of US Federal Reserve could lead to capital flight. 2. Capital flight may increase the interest cost of firms with existing External Commercial Borrowings (ECBs). 3. Devaluation of domestic currency decreases the currency risk associated with ECBs. Which of the statements given above are correct ?
Options
- A 1 and 2 only
- B 2 and 3 only
- C 1 and 3 only
- D 1, 2 and 3
Show AnswerHide Answer
Model Answer
This question was dropped in UPSC's final answer key (Series A), so no option is marked correct.