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    Question

    According to the Union Budget 2023-24, consider the following statements. 

    1.The IMF has projected global growth to slow from 6.2 percent in 2021 to 2.9 percent in 2023.

    2. Monetary tightening by the US Federal Reserve has also led to an outflow of portfolio investments from India, exerting pressure on the rupee.

    3. The rupee depreciated by between April 2022 and December 2022 against the US$.

    Which of the above statements is/are not correct?

    A 1 and 2 only Correct Answer Incorrect Answer
    B 1 and 3 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1, 2 and 3 Correct Answer Incorrect Answer
    E 3 only Correct Answer Incorrect Answer

    Solution

    The correct answer is E

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