2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1.2 trillion USD
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2.2 trillion USD
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3.2 trillion USD
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4.2 trillion USD
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Detailed explanation-1: -In the current financial year, output loss due to the pandemic is seen further declining to Rs 16.4 lakh crore. In total, Rs 52.6 lakh crore of GDP has been lost in three years – or 12 percent of the actual GDP.
Detailed explanation-2: -The spread of Coronavirus has impacted the tourism sector drastically all over the world. Be it aviation or hospitality, transportation, tour operators or eateries, every activity related to tourism has been adversely affected in an unprecedented manner.
Detailed explanation-3: -There is a fall in foreign tourists’ arrival rate by 68% from February to March 2020 and hence fall in foreign exchange earnings (FEE) by 66.32%, which has a significant impact on the economy (Statista, 2020. (2020).