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UPSC Prelims 2024 Paper-I 📅 16 Jun, 2024

Consider the following:
1. Exchange-Traded Funds ETF
2. Motor vehicles
3. Currency swap

Which of the above is/are considered financial instruments?

A
1 only
B
2 and 3 only
C
1, 2 and 3
D
1 and 3 only
Result Summary
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APEDIA

UPSC Prelims
2024 • 16 Jun, 2024 • Paper-I
Consider the following:
1. Exchange-Traded Funds ETF
2. Motor vehicles
3. Currency swap

Which of the above is/are considered financial instruments?
Correct Answer
1 and 3 only
Economy: Financial Instruments.Context: Types of instruments.Details: Exchange-Traded Funds ETFs and Currency Swaps are classified as financial instruments. Mot......
💡 Analysis & Explanation
Economy
Financial Instruments.
Context
Types of instruments.
Details
Exchange-Traded Funds ETFs and Currency Swaps are classified as financial instruments. Motor vehicles are physical assets and not financial instruments.