UPSC Prelims 2014 · Question 39 of 100
UPSC Prelims 2014 question on World Economic Outlook
- ExamUPSC CSE
- Year2014
- PaperGeneral Studies Paper I
- SubjectIndian Economy
- TopicExternal Sector of India
- DifficultyEasy
- TypeDirect
Which of the following organizations brings out the publication known as 'World Economic Outlook'?
Show answer
Answer: A. The International Monetary Fund
Verdict
The answer is the International Monetary Fund. World Economic Outlook is the IMF's flagship survey of global growth and macroeconomic prospects.
Analysis
The World Economic Outlook is published twice a year with updates in between, and it carries the growth projections that Indian newspapers report each spring and autumn. The World Bank is the closest distractor because it publishes the similarly titled Global Economic Prospects, along with the World Development Report. The World Economic Forum publishes the Global Competitiveness Report and the Global Risks Report. The United Nations Development Programme publishes the Human Development Report.
Source
The Hindu report on IMF growth projections for India.
How to crack it
Report to institution mapping is pure marks if you prepare it once. Keep a single sheet: IMF gives World Economic Outlook, Global Financial Stability Report and Fiscal Monitor; World Bank gives World Development Report, Global Economic Prospects and Ease of Doing Business; World Economic Forum gives Global Competitiveness and Global Risks; UNDP gives Human Development Report. Every distractor in this question is another entry from that same sheet, which is exactly how UPSC builds these options.