Question
Download Solution PDFThis question consists of a passage and a statement. Read the passage carefully and based on it, review the statement.
According to a report, India's economic growth may reach 7 per cent next year as the government's policies are going to pay more attention to the poor rural conditions of the country's villages in the last year before the 2019 general elections.
Assocham has said in its report for the coming year, "Economic expansion may reach 7% by the last quarter of September 2018 as compared to 6.3% GDP growth in the second quarter of 2017-18, while inflation is estimated to be around 4 to 5.5 percent in the second half of next year, with monsoon being a key factor."
Statement: The estimate of 7 per cent growth in GDP is based on stability in foreign exchange rates.
Choose the most appropriate option from the following.
A - The statement is definitely true.
B - The statement is probably true.
C - The statement cannot be reviewed.
D - The statement is completely false.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven Statement is:
The estimate of 7 per cent growth in GDP is based on stability in foreign exchange rates.
After reading the passage checking all the conclusions one by one.
A) The statement is definitely true → (Incorrect) The passage does not mention foreign exchange rates as a factor for GDP growth.
B) The statement is probably true → (Incorrect) While foreign exchange rates can affect GDP growth, the passage does not provide enough information to support this conclusion.
C) The statement cannot be reviewed → (Correct) The passage does not provide any information regarding the impact of foreign exchange rates on GDP growth.
D) The statement is completely false → (Incorrect) There is no information in the passage to conclude that the statement is false.
Hence (C) follows the statement.
Hence the correct answer is "Option 3".
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