UPSC Prelims 2015 · Question 21 of 98
UPSC Prelims 2015 question on Global Economic Prospects
- ExamUPSC CSE
- Year2015
- PaperGeneral Studies Paper I
- SubjectIndian Economy
- TopicExternal Sector of India
- DifficultyEasy
- TypeDirect
Which one of the following issues the 'Global Economic Prospects' report periodically?
Show answer
Answer: D. The World Bank
Verdict
The answer is the World Bank. Global Economic Prospects is a World Bank publication.
Analysis
Global Economic Prospects appears twice a year and carries the World Bank's growth forecasts for the global economy and for individual countries, which is why it is reported in Indian newspapers each January and June. The Asian Development Bank publishes the Asian Development Outlook, a regional rather than global survey. The European Bank for Reconstruction and Development focuses on transition economies and does not issue a global outlook of this kind. The US Federal Reserve publishes monetary policy material and the Beige Book, not a world growth report.
Source
The Hindu report on World Bank projections for Indian growth.
How to crack it
Report to institution mapping repays a single sheet of preparation. Keep the IMF with World Economic Outlook, Global Financial Stability Report and Fiscal Monitor, and the World Bank with Global Economic Prospects, World Development Report and the doing business material. Note the deliberate near collision: the IMF's Outlook and the World Bank's Prospects sound alike and UPSC has used both. Attach the adjective to the institution, Outlook to the Fund and Prospects to the Bank.