1Mediumprelims2 marks
National Income & Economic Growth
In the context of Indian economy, consider the following pairs:
| Term | Most appropriate description | |
|---|---|---|
| 1. | Melt down | Fall in stock prices |
| 2. | Recession | Fall in growth rate |
| 3. | Slow down | Fall in GDP |
- 1.
Term: Melt down
Most appropriate description: Fall in stock prices
- 2.
Term: Recession
Most appropriate description: Fall in growth rate
- 3.
Term: Slow down
Most appropriate description: Fall in GDP
Which of the pairs given above is/are correctly matched?
A1 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3