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Read the following passage carefully and answer the questions given below it.
The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.
In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.
“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.
The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.
The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”
In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.
In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.
The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.
For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.
“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.
The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.
It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.
Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.
A. India briefly lost to China in 2017
B. World output has increased
C. global growth momentum and the expected impact of the recently-approved US tax policy changes
D. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.
E. All of the above.
  • a)
    A
  • b)
    C
  • c)
    D
  • d)
    B
  • e)
    E
Correct answer is option 'C'. Can you explain this answer?
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The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019.
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Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. What made Washington DC-based agency lower India’s growth forecast October 2017.A. China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.B. Disruptions associated with the currency exchange initiative.C. Aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged.D. costs related to the launch GST.

Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Why do you think, IMF is more bullish about the global economy?A. India’s performance in the growthB. International growthC. Rise in the growth rate of the U.S.D. U.S. tax policy changes.

Directions: Read the following passage carefully and answer the questions given below it. Certain words are given in bold in the passage to help you locate them while answering some of the questions.The G-20, a group of 20 major economies of the word has come of age within a short period of two years as it adopted summit levelformatonly in the year 2008. Perhaps, it is the onlymultilateralgroup which holds two summit meeting in a year. As it has emerged as a major global forum of most advanced countries to manage crisis ridden global financial and economic system, it ispoisedto replace the G-8 club of eight rich countries. Also, it has the potential to emerge as a major, global forum for North-SouthDialogue, as both developed and developing countries are its members. The term North denotes the developed countries, which are mostly located in the Northern hemisphere, whereas the term South refers to the developing countries as they are largely located in the Southern hemisphere.The economic and political might of the G-20 is also noteworthy. Collectively, the total population of G-20 countries is two-thirds of the global population. The G-20 economies comprise 85% of the global gross national product and 80% of the word trade. Geographically, the countries of G-20 cover all continents of the globe. Thus in real sense, its nature and reach are global.Thefundamentalpurpose of G-20 is to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. Thus, it is a forum for cooperation and consultation on matterspertainingto the International Financial System. It conducts studies, reviews and promotes discussion among key developed and developing economies of key policy issues pertaining to the promotion of International Financial Stability and seeks to address such issues that are beyond the responsibility of one country or organization.Q. G-20 group meeting held two times in a year because

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Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer?
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Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer?.
Solutions for Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following passage carefully and answer the questions given below it.The International Monetary Fund (IMF) remains bullish on India’s growth potential and has retained its GDP forecast for the country at 6.7 per cent in 2017 and 7.4 per cent in 2018.In its World Economic Outlook Update, it also estimated that the Indian economy would grow by 7.8 per cent in 2019, which make the country the world’s fastest-growing economy in 2018 and 2019, the top ranking it briefly lost in 2017 to China.“The aggregate growth forecast for the emerging markets and developing economies for 2018 and 2019 is unchanged… Growth is expected to…pick up in India…,” said the report, which was released ahead of the World Economic Forum meeting in Davos.The projection is in line with official estimates from the Central Statistics Office, which pegged GDP growth at 6.5 per cent this fiscal.The Washington DC-based agency had in October 2017 lowered India’s growth forecast reflecting “lingering disruptions associated with the currency exchange initiative introduced in November 2016, as well as transition costs related to the launch of the national goods and services tax.”In April, the IMF had pegged India’s GDP growth at 7.2 per cent for 2017 and at 7.7 per cent in 2018.In contrast, China’s growth is expected to slow down from 6.8 per cent in 2017 to 6.6 per cent in 2018 and further to 6.4 per cent in 2019.The IMF is, however, more bullish about the global economy and has scaled up its forecast for world output to 3.9 per cent each in 2018 and 2019, which is 0.2 percentage points higher than its estimate in October.For 2017, it has raised its estimate for global growth by 0.1 percentage points to 3.7 per cent.“The revision reflects increased global growth momentum and the expected impact of the recently-approved US tax policy changes,” it said.The US tax policy changes are expected to stimulate activity, with the short-term impact in the US mostly driven by the investment response to the corporate income tax cuts, said the IMF.It has significantly raised the growth forecast for the US to 2.3 per cent in 2017, 2.7 per cent in 2018 and 2.5 per cent next year.Q. Which of the following support the conclusion in the report’s statement “Growth is expected to…pick up in India”.A. India briefly lost to China in 2017B. World output has increasedC. global growth momentum and the expected impact of the recently-approved US tax policy changesD. GDP forecast was 6.7 per cent in 2017 and 7.4 per cent in 2018 and 7.8 percent in 2019.E. All of the above.a)Ab)Cc)Dd)Be)ECorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
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