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Question No. 384Interactive Test Mode
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Q384. Hawala transactions relate to payments:

Hawala transactions relate to payments:

Select the correct option below (or cross out options to eliminate)

Official Answer Key & Detailed Solution

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Click any option above to test yourself under exam conditions, or reveal the explanation directly.

Official UPSC Answer KeyUPSC Prelims 1996 • Indian Economy

Correct Answer: Option (A) — received in rupees against overseas currencies and vice versa without going through the official channels

Concept & Option Breakdown

Standard Reference Verified

Hawala is an informal, trust-based fund transfer system that operates outside conventional banking channels and financial regulations, allowing money to be transferred internationally between parties via a network of brokers (hawaladars) without actual physical movement of currency across borders.

Elimination Heuristic & Exam Approach

Hawala specifically refers to an informal/parallel remittance system transferring cross-border money outside official banking channels.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 1996 (Q384)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Indian Economic Planning & Growth
Official Answer KeyOption (A) — received in rupees against overseas currencies and vice versa without going through the official channels

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Frequently Asked Questions — UPSC Prelims 1996 Q384

What is the official answer for UPSC Prelims 1996 GS Paper I Question 384 (Indian Economy)?

The official UPSC answer key for this 1996 Indian Economy (Indian Economic Planning & Growth) question is Option (A): "received in rupees against overseas currencies and vice versa without going through the official channels". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 1996 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Indian Economic Planning & Growth". You can explore all repeated questions from Indian Economic Planning & Growth 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 Indian Economic Planning & Growth UPSC Prelims question using option elimination?

Hawala specifically refers to an informal/parallel remittance system transferring crossborder money outside official banking channels.

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