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GS Paper IUPSC Prelims 2005
Miscellaneous
Question No. 404Interactive Test Mode
00:00
+2-0.66

Q404. Consider the following statements: 1. Global Trust Bank has been amalgamated with the Punjab National bank. 2. The second report of the Kelkar Committee dealing with direct and indirect taxes has maintained its Original recommendation including the abolition of exemptions relating to housing loans. Which of the statements given above is/are correct?

Consider the following statements:

  1. Global Trust Bank has been amalgamated with the Punjab National bank.
  2. The second report of the Kelkar Committee dealing with direct and indirect taxes has maintained its Original recommendation including the abolition of exemptions relating to housing loans. Which of the statements given above is/are correct?
Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2005 • General Knowledge (1995-2010)

Correct Answer: Option (B) — 2 only

Concept & Option Breakdown

Standard Reference Verified

Statement 1 is incorrect: Global Trust Bank (GTB) was placed under a moratorium and subsequently amalgamated with Oriental Bank of Commerce (OBC) in August 2004, not Punjab National Bank. Statement 2 is correct: The Vijay Kelkar Task Force maintained its stance on broadening the tax base by doing away with numerous tax exemptions, including those on interest payments for housing loans.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2005 (Q404)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicGeneral Knowledge (1995-2010) → Miscellaneous
Official Answer KeyOption (B) — 2 only

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Frequently Asked Questions — UPSC Prelims 2005 Q404

What is the official answer for UPSC Prelims 2005 GS Paper I Question 404 (General Knowledge (1995-2010))?

The official UPSC answer key for this 2005 General Knowledge (1995-2010) (Miscellaneous) question is Option (B): "2 only". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2005 question belong to?

This question belongs to GS Paper I under the subject "General Knowledge (1995-2010)" and micro-topic "Miscellaneous". You can explore all repeated questions from Miscellaneous in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Miscellaneous UPSC Prelims question using option elimination?

To solve Miscellaneous questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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