ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!


    Question

    Recently RBI has come up with its report on currency

    and finance 2021-22. Consider the following statements regarding the report: I. According to the report India is among the biggest sufferers of the pandemic in terms of economic setback. It is expected to overcome losses by 2034-35. II. India faced pandemic induced losses in terms of Output, Live and Livelihoods. III.India’s growth rate is assumed at 7.2% for 2022-23. Which statement/statements is/are correct?
    A only I Correct Answer Incorrect Answer
    B All I,II and III Correct Answer Incorrect Answer
    C only III Correct Answer Incorrect Answer
    D only II Correct Answer Incorrect Answer
    E none of the statements are correct Correct Answer Incorrect Answer

    Solution

    According to the RBI Report on currency and finance 2021-22 titled “Revive & Construct”: India suffered among the biggest pandemic-induced losses in the world in terms of output, lives and livelihoods, which may take years to recover. Economic activity has barely recovered to pre-Covid levels even after two years. The pre-Covid growth rate from 2012 to 2020 was 6.6 per cent. Excluding the two slowdown years of 2017-19, the growth rate was 7.1 per cent. Taking the actual growth rate of (-) 6.6 per cent for 2020-21, 8.9 per cent for 2021-22 and assuming growth rate of 7.2 per cent for 2022-23, and 7.5 per cent beyond that, India is expected to overcome Covid losses by 2034-35.

    Practice Next
    More Beepedia Questions

    Relevant for Exams:

    ask-question