BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7.5% and 7.7%
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7.3% and 7.5%
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7.7% and 7.9%
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7.1% and 7.3%
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Detailed explanation-1: -India’s GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment. It said India will continue to be the fastest growing major economy in the world.
Detailed explanation-2: -India gdp growth rate for 2019 was 3.74%, a 2.72% decline from 2018. India gdp growth rate for 2018 was 6.45%, a 0.34% decline from 2017.
Detailed explanation-3: -Growth of the Indian economy moderated in 2018-19 with a growth of 6.8 per cent, slightly lower than 7.2 per cent in 2017-18.
Detailed explanation-4: -For information on updates to GDP, see the “Additional Information” section that follows. Real GDP increased 2.3 percent in 2019 (from the 2018 annual level to the 2019 annual level), compared with an increase of 2.9 percent in 2018 (table 1).