BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.90%
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6.10%
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6.30%
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6.70%
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Detailed explanation-1: -ADB’s 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22.
Detailed explanation-2: -Three main headwinds continue to hamper recovery in developing Asia: recurrent lockdowns in the People’s Republic of China, the Russian invasion of Ukraine, and slowing global growth. Growth forecasts for the region are revised down from 4.3% to 4.2% in 2022 and from 4.9% to 4.6% in 2023.
Detailed explanation-3: -World Bank revises India’s FY 2022-23 GDP growth forecast to 6.9%-BusinessToday.
Detailed explanation-4: -India’s output will expand 7 per cent in fiscal year 2022-2023 and 6 per cent in the next fiscal year, ” S&P Global Ratings Asia-Pacific chief economist Louis Kuijs said.