Q.2. Consider the following statements regarding the Yen Carry Trade:

1. The Yen Carry Trade refers to the practice of borrowing Japanese yen at low interest rates and investing in higher-yielding assets abroad to profit from the interest rate differential.

2. An increase in interest rates by the Bank of Japan (BoJ) makes the Yen Carry Trade more attractive, leading to higher foreign investments in global markets.

Q.3. Consider the following statements regarding the ‘Middle-Income Trap’ as highlighted in the World Development Report 2024 :

1. The Middle-Income Trap refers to a situation where a country experiences rapid economic growth after reaching middle-income status and successfully transitions to high-income status.

2. According to the World Development Report 2024, if current trends continue, it may take India 75 years to escape the Middle-Income Trap.

3. One of the key challenges for middleincome countries is their over-reliance on capital investment, while innovation and institutional development remain inadequate.

Dear Students

We’re excited to announce that starting tomorrow, we will be uploading videos discussing Mains Previous Year Questions (PYQs) — an initiative designed to sharpen your ✍️ answer writing skills.

📍 When: 11:00 AM
📍 Where: On our 📺 YouTube channel

📅 We’ll also be sharing the schedule for the next 5 weeks so you can plan your preparation effectively.

📄 To access the PDF and receive daily updates, join our official Telegram channel: https://t.me/Sleepyclassesmains

💪 This journey is yours — your effort, your dream — but we’re with you every step of the way.
🤝 You are not alone.

Best
Team Sleepy Classes

Dear Students

We’re excited to announce that we will be uploading videos discussing Mains Previous Year Questions (PYQs) — an initiative designed to sharpen your ✍️ answer writing skills.

📍 When: 11:00 AM
📍 Where: On our 📺 YouTube channel

📄 To access the PDF and receive daily updates, join our official Telegram channel: https://t.me/Sleepyclassesmains

💪 This journey is yours — your effort, your dream — but we’re with you every step of the way.
🤝 You are not alone.

Best
Team Sleepy Classes

Doston

We’ve made a super helpful combined PDF (GS 1 -4 ) for you all – it has all UPSC Mains questions from 2013 to 2024, arranged topic-wise in small micro-themes.

- Easy to revise
- Helps you understand UPSC Mains Ques. trend
- Perfect for starting answer writing

Just click and download it here 👍

Q.1. Consider the following statements regarding Debt-for-Development Swaps (DDS), choose the statements given is incorrect :

A. Debt-for-Development Swaps involve creditors forgiving a portion of a country's external debt in exchange for investments in development projects.

B. The debtor country is required to use the forgiven amount exclusively for military and defense spending to ensure national security.

C. These swaps are commonly used to support sectors healthcare, conservation, and like education, environmental infrastructure development.

D. The IMF recently released a framework to guide stakeholders on effectively utilizing DDS to achieve development goals.

Q.2. With reference to the Pivot to Asia policy of the United States, consider the following statements :

1. It was officially announced during the Obama administration as a strategic shift from the Middle East to the Asia-Pacific region.

2. The policy aimed primarily at strengthening economic ties with China to counterbalance Russia's influence in the Indo-Pacific region.

3. The Trans-Pacific Partnership (TPP) was one of the key economic components of this policy.

4. The policy led to the establishment of the Quadrilateral Security Dialogue (Quad) as a formal military alliance among the US, India, Japan, and Australia.

Q.3. Which of the following are factors responsible for shift towards Minilateralism from Multilateralism ?

A. Rising multipolarity
B. Strategic Alliance
C. Decision Making
D. All of the Above

Q.1. Philadelphia Corridor was recently in News and is located between :

A. Israel & Egypt
B. Israel & Lebanon
C. USA & Mexico
D. Bolivia & Argentina

Q.2. Which of the following U.S. states does not have a coastline along the Gulf of Mexico ?

A. Mississippi
B. Georgia
C. Alabama
D. Louisiana

Q.3. Which of the Following have been included as PARTNER Countries within BRICS ?

1. Belarus
2. Bolivia
3. Cuba
4. Kazakhstan
5. Nigeria
6. Indonesia
7. Turkmenistan