Question
Evaluate the following statements regarding economic
forecasts and recent investments: I. The IMF projects India's economy to grow by over 7% in 2024. II. The Adani family has raised their stake in Ambuja Cements to support expansion plans. III. The RBI fined Omkar Nagreeya Sahkari Bank due to inadequate cybersecurity measures.Solution
Only statement II is correct as it accurately reflects the Adani family's investment in Ambuja Cements to support its growth. Statements I and III are incorrect; the IMF's growth projection for India is 6.5% in 2024, and the RBI's fine was due to non-compliance with interest rate norms, not cybersecurity issues.
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