Prelims 2024

Q. With reference to the Indian economy, “Collateral Borrowing and Lending Obligations” are the instruments of:

(a) Bond market
(b) Forex market
(c) Money market
(d) Stock market
Correct answer: (c) Money market

Question from UPSC Prelims 2024 GS Paper

Explanation:

Collateral Borrowing and Lending Obligations

Collateral Borrowing and Lending Obligations (CBLO) are short-term instruments used in the money market. They are used for borrowing and lending funds on a collateralized basis. The CBLO system is operated by the Clearing Corporation of India Ltd. (CCIL) and provides a platform for entities to borrow and lend funds against collateral, typically government securities. This helps in managing short-term liquidity needs and is a crucial part of the money market operations in India.

More Questions:

Q. The North Eastern Council (NEC) was established by the North Eastern Council Act, 1971. Subsequent to the amendment of NEC Act in 2002, the Council comprises which of the following members?

Q. One of the following regions has the world’s largest tropical peatland, which holds about three years worth of global carbon emissions from fossil fuels; and the possible destruction of which can exert detrimental effect on the global climate.

With reference to the ‘Pradhan Mantri Surakshit Matritva Abhiyan’, consider the following statements

How many of the above are products of volcanic eruptions?

Q. Consider the following statements regarding World Toilet Organization:

Q. Which one of the following statements is correct as per the Constitution of India? (a) Inter-State trade and commerce is a State subject under the State List.