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Question No. 117Interactive Test Mode
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Q117. In the context of Indian economy, consider the following pairs: | Term | Most Appropriate Description | | :--- | :--- | | 1. Melt Down | Fall in Stock Prices | | 2. Recession | Fall in Growth Rate | | 3. Slow Down | Fall in GDP | Which of the pairs given above is/are correctly matched?

In the context of Indian economy, consider the following pairs:

TermMost Appropriate Description
1. Melt DownFall in Stock Prices
2. RecessionFall in Growth Rate
3. Slow DownFall in GDP

Which of the pairs given above is/are correctly matched?

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

Official Answer Key & Detailed Solution

Ready to check the official UPSC Answer Key?

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

Official UPSC Answer KeyUPSC Prelims 2010 • Indian Economy

Correct Answer: Option (A) — 1 only

Concept & Option Breakdown

Standard Reference Verified

• Pair 1 is correctly matched: A financial 'Meltdown' refers to a rapid and drastic collapse in asset/stock market prices accompanied by widespread panic and liquidity distress. • Pair 2 is incorrectly matched: A 'Recession' is characterized by consecutive quarters of negative growth (a contraction or actual fall in real GDP), not merely a slower positive growth rate. • Pair 3 is incorrectly matched: A 'Slowdown' refers to a decelerating growth rate (e.g., growing at 4% instead of 8%), whereas GDP is still expanding, not falling in absolute terms.

Elimination Heuristic & Exam Approach

Note the inverted definitions: Recession corresponds to a contraction (fall in GDP), while Slowdown corresponds to a fall in the growth rate.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2010 (Q117)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Banking & Financial System
Official Answer KeyOption (A) — 1 only

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Frequently Asked Questions — UPSC Prelims 2010 Q117

What is the official answer for UPSC Prelims 2010 GS Paper I Question 117 (Indian Economy)?

The official UPSC answer key for this 2010 Indian Economy (Banking & Financial System) question is Option (A): "1 only". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2010 question belong to?

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

Note the inverted definitions: Recession corresponds to a contraction (fall in GDP), while Slowdown corresponds to a fall in the growth rate.

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