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Consider the following statements:
1. India's retail inflation rate peaked at 7.8% in April 2022, exceeding the RBI's upper tolerance limit of 6%.
2. The gross non-performing assets ratio of scheduled commercial banks reached a seven-year low of 5%.
3. India's e-commerce market is projected to grow at 18% annually through 2025.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    1 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:1. India's retail inflation rate pe...
1. Retail Inflation Rate: The statement is correct. India's retail inflation rate indeed peaked at 7.8% in April 2022, which was above the Reserve Bank of India's upper tolerance limit of 6%. This information highlights the inflationary pressures faced by the Indian economy during that period.
2. Gross Non-Performing Assets Ratio: This statement is also correct. The gross non-performing assets (NPA) ratio of scheduled commercial banks reached a seven-year low of 5%. This indicates an improvement in the banking sector's asset quality and a reduction in the burden of bad loans.
3. E-commerce Market Growth: The statement regarding India's e-commerce market is correct. The market is projected to grow at an annual rate of 18% through 2025. This reflects the rapid expansion and increasing penetration of online retail in India.
All three statements are accurate and align with the provided data. Therefore, the correct answer is Option D.
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Consider the following statements:1. India's retail inflation rate peaked at 7.8% in April 2022, exceeding the RBI's upper tolerance limit of 6%.2. The gross non-performing assets ratio of scheduled commercial banks reached a seven-year low of 5%.3. India's e-commerce market is projected to grow at 18% annually through 2025.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements:1. India's retail inflation rate peaked at 7.8% in April 2022, exceeding the RBI's upper tolerance limit of 6%.2. The gross non-performing assets ratio of scheduled commercial banks reached a seven-year low of 5%.3. India's e-commerce market is projected to grow at 18% annually through 2025.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:1. India's retail inflation rate peaked at 7.8% in April 2022, exceeding the RBI's upper tolerance limit of 6%.2. The gross non-performing assets ratio of scheduled commercial banks reached a seven-year low of 5%.3. India's e-commerce market is projected to grow at 18% annually through 2025.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. India's retail inflation rate peaked at 7.8% in April 2022, exceeding the RBI's upper tolerance limit of 6%.2. The gross non-performing assets ratio of scheduled commercial banks reached a seven-year low of 5%.3. India's e-commerce market is projected to grow at 18% annually through 2025.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
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