Question

    Recently IMF in its latest World Economic Outlook

    report, cut its forecast for India’s gross domestic product (GDP) growth in the financial year 2022-23 (FY23) by how many basis points?
    A 40 Correct Answer Incorrect Answer
    B 50 Correct Answer Incorrect Answer
    C 60 Correct Answer Incorrect Answer
    D 70 Correct Answer Incorrect Answer
    E 75 Correct Answer Incorrect Answer

    Solution

    The International Monetary Fund (IMF), in its latest World Economic Outlook report, cut its forecast for India’s gross domestic product (GDP) growth in financial year 2022-23 (FY23) by 60 basis points (bps) to 6.8 per cent, warning of a long and tough economic winter.

    Practice Next