UPSC CSE Prelims

Correct Option: D (1 and 3 only) Explanation: Exchange-traded funds and currency swaps are financial instruments; a motor vehicle is a physical asset rather than a security or derivative. Statement / Pair / Item-wise Analysis: 1. Correct/True - ETFs are tradable investment-fund securities. 2. Incorrect/False - Motor vehicles are tangible goods, not financial contracts. 3. Correct/True - A currency swap is a derivative contract exchanging currencies/cash flows. Option-wise Analysis: A. Incorrect-omits correct item 3 (A currency swap is a derivative contract exchanging currencies/cash flows.). B. Incorrect-incorrectly includes 2 (Motor vehicles are tangible goods, not financial contracts.); omits correct item 1 (ETFs are tradable investment-fund securities.). C. Incorrect-incorrectly includes 2 (Motor vehicles are tangible goods, not financial contracts.). D. Correct-includes precisely the true/correct statements or pairs identified above.