Direction: Given below is a passage with five blanks (A-E). A phrase written in brackets is given against each blank. Choose the right word from the options which can replace the phrase most appropriately. If none of the options are fit for replacement, according to you, then select ‘None of these' as your answer.
India’s Economic growth has slowed for 5 _______(A) (that follow one after another) quarters beginning from late 2015-16 onwards. It could be a serious blow for a government that had promised to turn around the economy through ________(B) (capable of making choices quickly and surely) governance. India’s GDP growth has gone down from a high of 9.2% in the Third Quarter of the year 2016 to 5.7% in the current 4thquarter of 2017. The economic growth rate is probably the slowest in the last many years. However, the Indian Economy as per global standard is not in the _______(C) (slowdown or a massive contraction) stage. The UK and the European Union consider an economy in recession only when real GDP growth actually turns negative over two consecutive quarters and by this criterion, with a positive growth rate of 5.7%, the Indian economy is far off from being in a recession. All four contributors to economic growth – domestic consumption, foreign consumption or exports, private investment and government spending – are hit by the slowdown. In the first quarter of this ______ (D) (connected with [public] money) year, domestic consumption fell to 6.66% as against 8.41% in the same period last fiscal; exports as a share of the Gross Domestic Product was down to 19% from 20%; and fixed capital formation decreased from about 31% of the GDP to 29.8%, _______(E) (to convey something) a slowdown in the industry as well.
Which of the following fits the blank labelled (D)?
This questions was previously asked in
SBI PO Prelims (02 Jan, 2022)
None of the above
Incorrect AnswerExplanation:
- The passage discusses India's economic slowdown and mentions a specific type of year related to economic activities.
- Let's review the options for the word to fit blank (D):
- Option 1: Rebound - Typically means recovery after a decline, not related to a type of year.
- Option 2: Resile - Means to recover or rebound, again not related to a type of year.
- Option 3: Extol - Means to praise, doesn't relate to the context here.
- Option 4: Fiscal - Refers to anything related to government revenue, taxation, and public finance. It fits well as it denotes the type of year in context of economic and public financial policies.
- Option 5: None of the above - Not needed as we have a fitting option.
?? Correct Answer: Fiscal
By: Parvesh Mehta ProfileResourcesReport error