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Q2 · UPPSC current affairs · 19 September 2026 · News · India Maldives Treasury Bill Assistance SBI

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English हिंदी

With reference to the recent financial assistance provided to Maldives, consider the following statements:1.The State Bank of India subscribed to Maldivian Treasury Bills in 2019 to prevent default.2.The Ministry of Finance directly administers and rolls over these foreign T-bill assistances without involving the Ministry of External Affairs.Which of the statements given above is/are correct?

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A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2

Correct answer: (a) 1 only

Explanation

Statement 1 is correct as State Bank of India subscribed to the T-bills in 2019 and extended the facility multiple times. Statement 2 is incorrect because the Ministry of External Affairs reported the assistance and interest payments, not the Ministry of Finance acting independently of external affairs.

Same topic · past papers

UPSC has asked this before

These previous-year questions sit on the same topic. Open one to practise the earlier ask.

  1. 2025 · Q145 · UPPGS

    With reference to Global Environment Facility, which of the following statements is/are correct? 1. It was established in 1991. 2. Only the developed countries are donors to it. Select the correct answer from the code given below:

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