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September 12, 2026

UPSC Prelims 2024 GS Paper I Q51 — US Treasury Debt DefaultUPSC प्रीलिम्स 2024 GS पेपर I प्रश्न 51 — US Treasury Debt Default

About 2 min readPublished 12 September 2026
UPSC • Prelims • 2024 • Prelims GS Paper I Attempt the actual previous-year questions first. Official answer, analysis and elimination clue appear only after final submission.
Official Final Answer Key — Series A; 3 questions dropped; 97 questions scored 1 questions Official Question Paper ↗ Official Answer Key ↗
UPSC • Prelims • 2024 • Prelims GS Paper I
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Question 51
UPSCEconomy2024Prelims GS Paper ISeries A
Subject / विषय: Economy

Consider the following statements: Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment. Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government. Which one of the following is correct in respect of the above statements?

निम्नलिखित कथनों पर विचार कीजिए: कथन-I: यदि संयुक्त राज्य अमेरिका अपने ऋण पर default कर जाए, तो US Treasury Bonds के धारक भुगतान प्राप्त करने के लिए अपने दावे लागू नहीं कर पाएँगे। कथन-II: अमेरिकी सरकार का ऋण किसी hard asset द्वारा backed नहीं है, बल्कि सरकार की विश्वसनीयता/faith पर आधारित है। उपर्युक्त कथनों के संबंध में कौन-सा सही है?

Official Final Answer Key — Series A; 3 questions dropped; 97 questions scored
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