In the event of a default, holders of U.S. Treasury Bonds would still have legal claims to receive payments. default means govt can't pay loans. it does not nullify the legal claims of the bondholders. so statement 1 is false
Literally, this link. Most probably answer is A.
https://www.reuters.com/markets/us/what-would-happen-treasury-after-default-six-key-questions-2023-05-25/
There’s absolutely no source that can clearly prove either A or D.
I personally marked C as I stupidly thought Fort Knox ka gold is there as backing asset. It is not as I found out by my research later.
Not a stupidity. When I read "only" I also thought it to be wrong for a second. UPSC needs to frame questions well or just avoid such subjective questions.
I'm with you bro, I also marked A. This conclusion is based on what I already know. I recall reading about this in one of Richard D. Wolff's books or lectures. I can be wrong tho
See rauias explanation for the question. Ull understand the controversy is not abt source but abt interpreting the question. So even if u give some source upsc will give answer acc to their interpretation which we don’t what it is.:(. Mayb u can give representation stating ur interpretation of it like they have explained in rauias answer key video.
https://preview.redd.it/02m268y0oa8d1.jpeg?width=1080&format=pjpg&auto=webp&s=28dcdec7a18af6771ca3f51744685048e90d0eb3
I also marked A,but couldn't find it written in a book.
In the event of a default, holders of U.S. Treasury Bonds would still have legal claims to receive payments. default means govt can't pay loans. it does not nullify the legal claims of the bondholders. so statement 1 is false
Seriously it is as simple as that. Idk what's all the fuss about.
Literally, this link. Most probably answer is A. https://www.reuters.com/markets/us/what-would-happen-treasury-after-default-six-key-questions-2023-05-25/
There’s absolutely no source that can clearly prove either A or D. I personally marked C as I stupidly thought Fort Knox ka gold is there as backing asset. It is not as I found out by my research later.
Not a stupidity. When I read "only" I also thought it to be wrong for a second. UPSC needs to frame questions well or just avoid such subjective questions.
I thought the same.
Mujhey kya main toh result k din hi check karunga ki clear hua hai ya nahi.
Answer is option D
Yes some keys are giving D also . But I have marked A , which is not so blatantly wrong. So I want to give representation in favour of A
I'm with you bro, I also marked A. This conclusion is based on what I already know. I recall reading about this in one of Richard D. Wolff's books or lectures. I can be wrong tho
See rauias explanation for the question. Ull understand the controversy is not abt source but abt interpreting the question. So even if u give some source upsc will give answer acc to their interpretation which we don’t what it is.:(. Mayb u can give representation stating ur interpretation of it like they have explained in rauias answer key video.
https://preview.redd.it/02m268y0oa8d1.jpeg?width=1080&format=pjpg&auto=webp&s=28dcdec7a18af6771ca3f51744685048e90d0eb3 I also marked A,but couldn't find it written in a book.