Consider the following statements with reference to the Organisation for Economic Co-operation & Development(OECD).
1. OECD has reduced India’s Gross Domestic Product(GDP) growth forecast to 9.7% for FY22.
2. The headquarters of OECD are located in Paris, France.
Choose the correct statement/s?
A. 1 Only
B. 2 Only
C. Both 1 & 2
D. None
Answer: Both 1 & 2
Explanation:
In its Economic Outlook, Interim Report September 2021, the Organisation for Economic Co-operation and Development (OECD) has reduced India’s Gross Domestic Product (GDP) growth forecast in FY22 to 20 basis points (bps) to 9.7 percent and for FY23 the GDP growth forecast was reduced by 30 bps to 7.9 percent.
The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade.
- Headquarters: Paris, France
- Founded: 30 September 1961
UPSC Daily Current Affairs Quiz Test 22 September 2021 Click Here