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    Question

    Evaluate the following statements regarding economic

    forecasts and recent investments: I. The IMF projects India's economy to grow by over 7% in 2024. II. The Adani family has raised their stake in Ambuja Cements to support expansion plans. III. The RBI fined Omkar Nagreeya Sahkari Bank due to inadequate cybersecurity measures.
    A Only I and II are correct Correct Answer Incorrect Answer
    B Only II is correct Correct Answer Incorrect Answer
    C Only II and III are correct Correct Answer Incorrect Answer
    D Only I and III are correct Correct Answer Incorrect Answer
    E I, II, and III are correct Correct Answer Incorrect Answer

    Solution

    Only statement II is correct as it accurately reflects the Adani family's investment in Ambuja Cements to support its growth. Statements I and III are incorrect; the IMF's growth projection for India is 6.5% in 2024, and the RBI's fine was due to non-compliance with interest rate norms, not cybersecurity issues.

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