General Studies I
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
Which of the pairs given above is/are correctly matched?
|B||2 and 3 only|
|C||1 and 3 only|
|D||1, 2 and 3|
Slowdown means reduction in the growth rate of GDP.
Meltdown is the term used for weakness in the financial markets which implies security prices.