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The revised annual GDP-growth rate for the Ninth Plan period is
  • a)
    7.0 per cent
  • b)
    6.5 per cent
  • c)
    6.0 per cent
  • d)
    5.5 per cent
Correct answer is option 'B'. Can you explain this answer?
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The revised annual GDP-growth rate for the Ninth Plan period isa)7.0 p...
The revised annual GDP-growth rate for the Ninth Plan period is 6.5 per cent. This means that the economy is expected to grow at a rate of 6.5 per cent per year during the Ninth Plan period.

The Ninth Plan period refers to the five-year plan period from 1997 to 2002 in India. During this period, the government sets targets and formulates policies to achieve certain economic and social objectives.

There are several factors that determine the GDP growth rate during a particular plan period. These factors include investment, government spending, consumption, exports, imports, and overall economic conditions.

The revised annual GDP-growth rate of 6.5 per cent for the Ninth Plan period was based on various considerations and assessments made by the government and experts. It takes into account the expected performance of different sectors of the economy, such as agriculture, industry, and services.

The government's target of 6.5 per cent GDP growth rate for the Ninth Plan period reflects its aspirations for economic development and poverty reduction. A higher GDP growth rate indicates a faster pace of economic growth and development.

The GDP growth rate of 6.5 per cent for the Ninth Plan period is considered achievable based on the prevailing economic conditions and the government's policies and initiatives. It is a realistic target that takes into account the potential of the Indian economy and the challenges it faces.

In conclusion, the revised annual GDP-growth rate for the Ninth Plan period is 6.5 per cent. This target reflects the government's aspirations for economic development and poverty reduction and takes into account the prevailing economic conditions and policy initiatives.
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Read the given passage and answer the questions that follow. Some words and phrases have been underlined for you to answer better.The lower-than-expected GDP numbers for the third quarter (Q3) of the ongoing fiscal, combined with some early indicators for the final quarter, confirm the fears that the third wave of the pandemic may have had a bigger impact on growth than was earlier expected. According to data released by the National Statistical Office on Monday, the GDP grew by 5.4 per cent during Q3 of 2021-22. For the full financial year, GDP growth is now estimated to hit 8.9 per cent, lower than the 9.2 per cent projected earlier. While this is not bad news – after all, the economy actually shrunk by 6.6 per cent in 2020-21 – the slower than expected growth rate poses a question mark over the Budget estimates. What is worrying is the sharp slowdown in growth momentum. GDP growth clocked a scorching 20.3 per cent in Q1 (April-Jun e), fell sharply to 8.5 per cent in Q2 (July-September) and has fallen further.Sectoral data show up other worrying indicators. Construction, which not only carries significant weight in the economy, but also is a big generator of jobs, contracted by 2.8 per cent. Manufacturing growth was nearly stagnant at 0.2 per cent. Sectors like automobiles – a good indicator of consumer sentiment – are stagnating. The Q3 growth was disincentivised by the “relief rally” in private consumptions, as Covid-induced restrictions eased. While private final consumption grew 7 per cent in Q3, it is expected to drop to just 1.5 per cent in Q4 (January to March). The government’s capital expenditure also has slowed sharply, with gross fixed capital formation growing by just 2 per cent in Q3. This raises question marks over the government’s massive capital expenditure plans for 2022-23. That momentum could drop further as indicated by the slide in GST collections, which fell to 1.33 lakh crore in February 2022 from 1.40 lakh crore in January, although the Finance Ministry has pointed out that February is a shorter month.More worrying is the steady rise in inflation. Which has been at the top end of the RBI’s “comfort band” for months now. Overall retail (consumer inflation) is at 6 per cent for January, although separate indices compiled by the Labour Ministry for industrial workers and agriculture and farm workers came in at 5.8 and 5.5 per cent, respectively. Worryingly, food inflation is over 6.22 per cent, while the less-used Wholesale Price Index has been in double-digit territory for 10 months now. With the strife in Ukraine sending energy prices soaring, and sanctions adding to the existing supply chain disruptions, a number of sectors are likely to feel the hit in the coming months. The Centre and the RBI have their task cut out to maintain some sort of fiscal and monetary support for growth while ensuring that prices do not go out of control. A cut in fuel taxes – despite revenue implications – may be the only option to curb the impact of soaring oil prices. Further, the RBI will have to manage the rupee to ensure imports – essential for growth – do not get priced out of hand by a strengthening dollar.Q. Which of the given options should replace the word ‘disincentivised’ as used in the passage?

Read the given passage and answer the questions that follow. Some words and phrases have been underlined for you to answer better.The lower-than-expected GDP numbers for the third quarter (Q3) of the ongoing fiscal, combined with some early indicators for the final quarter, confirm the fears that the third wave of the pandemic may have had a bigger impact on growth than was earlier expected. According to data released by the National Statistical Office on Monday, the GDP grew by 5.4 per cent during Q3 of 2021-22. For the full financial year, GDP growth is now estimated to hit 8.9 per cent, lower than the 9.2 per cent projected earlier. While this is not bad news – after all, the economy actually shrunk by 6.6 per cent in 2020-21 – the slower than expected growth rate poses a question mark over the Budget estimates. What is worrying is the sharp slowdown in growth momentum. GDP growth clocked a scorching 20.3 per cent in Q1 (April-Jun e), fell sharply to 8.5 per cent in Q2 (July-September) and has fallen further.Sectoral data show up other worrying indicators. Construction, which not only carries significant weight in the economy, but also is a big generator of jobs, contracted by 2.8 per cent. Manufacturing growth was nearly stagnant at 0.2 per cent. Sectors like automobiles – a good indicator of consumer sentiment – are stagnating. The Q3 growth was disincentivised by the “relief rally” in private consumptions, as Covid-induced restrictions eased. While private final consumption grew 7 per cent in Q3, it is expected to drop to just 1.5 per cent in Q4 (January to March). The government’s capital expenditure also has slowed sharply, with gross fixed capital formation growing by just 2 per cent in Q3. This raises question marks over the government’s massive capital expenditure plans for 2022-23. That momentum could drop further as indicated by the slide in GST collections, which fell to 1.33 lakh crore in February 2022 from 1.40 lakh crore in January, although the Finance Ministry has pointed out that February is a shorter month.More worrying is the steady rise in inflation. Which has been at the top end of the RBI’s “comfort band” for months now. Overall retail (consumer inflation) is at 6 per cent for January, although separate indices compiled by the Labour Ministry for industrial workers and agriculture and farm workers came in at 5.8 and 5.5 per cent, respectively. Worryingly, food inflation is over 6.22 per cent, while the less-used Wholesale Price Index has been in double-digit territory for 10 months now. With the strife in Ukraine sending energy prices soaring, and sanctions adding to the existing supply chain disruptions, a number of sectors are likely to feel the hit in the coming months. The Centre and the RBI have their task cut out to maintain some sort of fiscal and monetary support for growth while ensuring that prices do not go out of control. A cut in fuel taxes – despite revenue implications – may be the only option to curb the impact of soaring oil prices. Further, the RBI will have to manage the rupee to ensure imports – essential for growth – do not get priced out of hand by a strengthening dollar.Q. Which of the following can be inferred from the first few lines of the passage?

Read the given passage and answer the questions that follow. Some words and phrases have been underlined for you to answer better.The lower-than-expected GDP numbers for the third quarter (Q3) of the ongoing fiscal, combined with some early indicators for the final quarter, confirm the fears that the third wave of the pandemic may have had a bigger impact on growth than was earlier expected. According to data released by the National Statistical Office on Monday, the GDP grew by 5.4 per cent during Q3 of 2021-22. For the full financial year, GDP growth is now estimated to hit 8.9 per cent, lower than the 9.2 per cent projected earlier. While this is not bad news – after all, the economy actually shrunk by 6.6 per cent in 2020-21 – the slower than expected growth rate poses a question mark over the Budget estimates. What is worrying is the sharp slowdown in growth momentum. GDP growth clocked a scorching 20.3 per cent in Q1 (April-Jun e), fell sharply to 8.5 per cent in Q2 (July-September) and has fallen further.Sectoral data show up other worrying indicators. Construction, which not only carries significant weight in the economy, but also is a big generator of jobs, contracted by 2.8 per cent. Manufacturing growth was nearly stagnant at 0.2 per cent. Sectors like automobiles – a good indicator of consumer sentiment – are stagnating. The Q3 growth was disincentivised by the “relief rally” in private consumptions, as Covid-induced restrictions eased. While private final consumption grew 7 per cent in Q3, it is expected to drop to just 1.5 per cent in Q4 (January to March). The government’s capital expenditure also has slowed sharply, with gross fixed capital formation growing by just 2 per cent in Q3. This raises question marks over the government’s massive capital expenditure plans for 2022-23. That momentum could drop further as indicated by the slide in GST collections, which fell to 1.33 lakh crore in February 2022 from 1.40 lakh crore in January, although the Finance Ministry has pointed out that February is a shorter month.More worrying is the steady rise in inflation. Which has been at the top end of the RBI’s “comfort band” for months now. Overall retail (consumer inflation) is at 6 per cent for January, although separate indices compiled by the Labour Ministry for industrial workers and agriculture and farm workers came in at 5.8 and 5.5 per cent, respectively. Worryingly, food inflation is over 6.22 per cent, while the less-used Wholesale Price Index has been in double-digit territory for 10 months now. With the strife in Ukraine sending energy prices soaring, and sanctions adding to the existing supply chain disruptions, a number of sectors are likely to feel the hit in the coming months. The Centre and the RBI have their task cut out to maintain some sort of fiscal and monetary support for growth while ensuring that prices do not go out of control. A cut in fuel taxes – despite revenue implications – may be the only option to curb the impact of soaring oil prices. Further, the RBI will have to manage the rupee to ensure imports – essential for growth – do not get priced out of hand by a strengthening dollar.Q. Why does the author feel that a number of sectors would feel the heat in the coming days?(i) The construction sector has contracted by 2.8 percent.(ii) The energy prices are at an all time high due to the rampaging war(iii) Innumerable sanctions have been imposed which disrupts the supply chain

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Read the given passage and answer the questions that follow. Some words and phrases have been underlined for you to answer better.The lower-than-expected GDP numbers for the third quarter (Q3) of the ongoing fiscal, combined with some early indicators for the final quarter, confirm the fears that the third wave of the pandemic may have had a bigger impact on growth than was earlier expected. According to data released by the National Statistical Office on Monday, the GDP grew by 5.4 per cent during Q3 of 2021-22. For the full financial year, GDP growth is now estimated to hit 8.9 per cent, lower than the 9.2 per cent projected earlier. While this is not bad news – after all, the economy actually shrunk by 6.6 per cent in 2020-21 – the slower than expected growth rate poses a question mark over the Budget estimates. What is worrying is the sharp slowdown in growth momentum. GDP growth clocked a scorching 20.3 per cent in Q1 (April-Jun e), fell sharply to 8.5 per cent in Q2 (July-September) and has fallen further.Sectoral data show up other worrying indicators. Construction, which not only carries significant weight in the economy, but also is a big generator of jobs, contracted by 2.8 per cent. Manufacturing growth was nearly stagnant at 0.2 per cent. Sectors like automobiles – a good indicator of consumer sentiment – are stagnating. The Q3 growth was disincentivised by the “relief rally” in private consumptions, as Covid-induced restrictions eased. While private final consumption grew 7 per cent in Q3, it is expected to drop to just 1.5 per cent in Q4 (January to March). The government’s capital expenditure also has slowed sharply, with gross fixed capital formation growing by just 2 per cent in Q3. This raises question marks over the government’s massive capital expenditure plans for 2022-23. That momentum could drop further as indicated by the slide in GST collections, which fell to 1.33 lakh crore in February 2022 from 1.40 lakh crore in January, although the Finance Ministry has pointed out that February is a shorter month.More worrying is the steady rise in inflation. Which has been at the top end of the RBI’s “comfort band” for months now. Overall retail (consumer inflation) is at 6 per cent for January, although separate indices compiled by the Labour Ministry for industrial workers and agriculture and farm workers came in at 5.8 and 5.5 per cent, respectively. Worryingly, food inflation is over 6.22 per cent, while the less-used Wholesale Price Index has been in double-digit territory for 10 months now. With the strife in Ukraine sending energy prices soaring, and sanctions adding to the existing supply chain disruptions, a number of sectors are likely to feel the hit in the coming months. The Centre and the RBI have their task cut out to maintain some sort of fiscal and monetary support for growth while ensuring that prices do not go out of control. A cut in fuel taxes – despite revenue implications – may be the only option to curb the impact of soaring oil prices. Further, the RBI will have to manage the rupee to ensure imports – essential for growth – do not get priced out of hand by a strengthening dollar.Q. Which of the following can be the best title for the passage given above?

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The revised annual GDP-growth rate for the Ninth Plan period isa)7.0 per centb)6.5 per centc)6.0 per centd)5.5 per centCorrect answer is option 'B'. Can you explain this answer?
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