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Question

As per RBI Annual Report 2021-22, the monetary policy of the RBI has revised the real GDP growth for 2022-23 is _______?

A 6.5 % Correct Answer Incorrect Answer
B 7.2 % Correct Answer Incorrect Answer
C 7.5 % Correct Answer Incorrect Answer
D 8.1 % Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The monetary policy of the RBI has revised the real GDP growth for 2022-23 to 7.2 percent. This is a 60 basis points decline from the predictions it made pre-war. The GDP has been downgraded mainly due to higher oil prices affecting private consumption and higher imports due to which net exports have reduced.

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