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Topic Financial instruments
Asked 2 times across 2 UPSC exams over 6 years (2018–2024), peaking in 2024.
Key insights
- Most tested in CSE — 1 of 2 PYQs
- First appeared in CDS 2018 — 6 years before CSE 2024 (allied exams preview CSE)
- Most asked in 2024
- Recurs across 2 years (2018–2024)
How it travelled across exams
First appearance in each exam — the same idea, reframed.
CDS 2018 → CSE 2024
How the concept evolved
Rising — more than half its appearances (2 of 2) are since 2016.
Sample questions
You've seen the pattern — here are a few of the actual PYQs.
CSE2024
Consider the following
- Exchange-Traded Funds (ETF)
- Motor vehicles
- 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 ✓
✓ Correct answer: (D)
Economy › Money/Banking/Finance
CDS2018
Which one of the following statements about Exchange-Traded Fund (ETF) is not correct?
- A It is a marketable security.
- B It experiences price changes throughout the day.
- C It typically has lower daily liquidity and higher fees than mutual fund shares. ✓
- D An ETF does not have its net asset value calculated once at the end of every day.
✓ Correct answer: (C)
Economy › Money/Banking/Finance
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