Multiple Choice Questions on With reference to the 39 Shapes of Economic Recovery 39 consider following statements Z shaped recov........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With reference to the 39 Shapes of Economic Recovery 39 consider following statements Z shaped recov...........

Economic Affairs Growth and Indicators
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    With reference to the 'Shapes of Economic Recovery', consider following statements

    1. Z-shaped recovery is the most-optimistic scenario in which the economy quickly rises after an economic crash.
    2. In V-shaped recovery the economy quickly recoups lost ground and gets back to the normal growth trend-line.

    Select the correct statement.

    1 only

    Incorrect Answer

    2 only

    Incorrect Answer

    Both

    Correct Answer

    None

    Incorrect Answer
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    Explanation:

    As India is going to come out of the Covid-19 lockdown, experts are debating over the shape of recovery of Indian economy.

    • Z-shaped recovery: The economy quickly rises after a crash. It more than makes up for lost ground before settling back to the normal trend-line, thus forming a Z-shaped chart.
    • V-shaped recovery: The economy quickly recoups lost ground and gets back to the normal growth trend-line.
    • U-shaped recovery: The economy, after falling, struggles and muddles around a low growth rate for some time, before rising gradually to usual levels.

    Hence both statements are correct.

    By: Shubham Tiwari
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