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UPSC 2018: Which one of the following statements does not apply to the system of Subsidiary Alliance introduced by Lord Wellesley ?
(a)To maintain a large standing army at others expense
(b)To keep India safe from Napoleonic danger
(c)To secure a fixed income for the Company
(d)To establish British paramountcy over the Indian States (33
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Not attemptedCorrect Answer: (c) To secure a fixed income for the Company
1 is wrong because the RBI acts as public-debt manager for BOTH the Union and the State governments. 2 is correct—only the Union Government issues Treasury Bills; States issue longer-tenor State-Development Loans instead. 3 is correct because T-Bills are zero-coupon instruments issued below par and redeemed at face value. Hence only 2 and 3 are true. ([edukemy.com](https://edukemy.com/upsc-current-affairs/daily-current-affairs/swayam-plus-platform/01-03-2024?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2018 Indian Economy question?▼
The correct answer is option (c): To secure a fixed income for the Company. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Financial Markets & Capital Markets question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2018, GS Paper 1, as Question 56. It falls under Indian Economy > Financial Markets & Capital Markets.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Financial Markets & Capital Markets?▼
UPSC has asked 39 questions from Financial Markets & Capital Markets (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.