Economy — Prelims PYQs

Practice UPSC Civil Services Prelims questions for Economy. Select an option to check your answer and view official explanation keys.

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Q1UPSC 2023Financial MarketsHard

Consider the following statements: Statement-I: Interest income from deposits in Infrastructure Investment Trusts (InvITs) distributed to investors is exempt from tax. Statement-II: InvITs are recognized as borrowers under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Which one of the following is correct in respect of the above statements?