Q21 · UPSC Prelims 2015 · Set A · Economy

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Which one of the following issues the 'Global Economic Prospects' report periodically?

A The Asian Development Bank
B The European Bank for Reconstruction and Development
C The US Federal Reserve Bank
D The World Bank

Correct answer: (d) The World Bank

Explanation

  1. A

    The Asian Development Bank

    (a) The Asian Development Bank. ADB issues the Asian Development Outlook, not Global Economic Prospects. Wrong publisher.

  2. B

    The European Bank for Reconstruction and Development

    (b) The European Bank for Reconstruction and Development. EBRD reports on transition economies, not this global World Bank flagship.

  3. C

    The US Federal Reserve Bank

    (c) The US Federal Reserve Bank. The Fed publishes monetary and Beige Book material, not Global Economic Prospects.

  4. D

    The World Bank

    (d) The World Bank. Global Economic Prospects is a World Bank flagship on global growth, trade and financial conditions. That is the official key.

Summary. Official key is (d) The World Bank. Global Economic Prospects is the Bank’s periodic global outlook. ADB, EBRD and the US Fed issue other reports. Only the World Bank matches the named title.

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