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2 questions · 2020 · answers as per the UPSC key

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UPSC 2020 · Q53 · Indian Economy › Financial Markets & Capital Markets · Save

The term ‘West Texas Intermediate’, sometimes found in news, refers to a grade of

(a) Crude oil
(b) Bullion
(c) Rare earth elements
(d) Uranium
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Answer: (a) Crude oil
UPSC 2020 · Q70 · Indian Economy › Financial Markets & Capital Markets · Save

With reference to the Indian economy, consider the following statements :

  1. ‘Commercial Paper’ is a short-term unsecured promissory note.
  2. ‘Certificate of Deposit’ is a long-term instrument issued by the Reserve Bank of India to a corporation.
  3. ‘Call Money’ is a short-term finance used for interbank transactions.
  4. ‘Zero-Coupon Bonds’ are the interest bearing short-term bonds issued by the Scheduled Commercial Banks to corporations.

Which of the statements given above is/are correct ?

(a) 1 and 2 only
(b) 4 only
(c) 1 and 3 only
(d) 2, 3 and 4 only
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Answer: (c) 1 and 3 only