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Correct Answer : 6.3%
The World Bank on Tuesday (6th June 2023) raised its 2023 global growth forecast as the US and other major economies have proven more resilient than forecast, but said higher interest rates would cause a larger-than-expected drag 2024. * However, it trimmed India's GDP growth forecast to 6.3% in FY24 from 6.6% forecast in January 2023.* Real global GDP is set to climb 2.1% in 2023, the World Bank said in its latest Global Economic Prospects report. That's up from a 1.7% forecast issued in January 2023 but well below the 2022 growth rate of 3.1%.* The development lender cut its 2024 global growth forecast to 2.4% from 2.7% in January 2023, citing the continuing effects of tighter monetary policy, particularly in reducing business and residential investment.* "Growth over the rest of 2023 is set to slow substantially as it is weighed down by the lagged and ongoing effects of monetary tightening, and more restrictive credit conditions," it said.* The bank predicted global growth rebounding to 3.0% in 2025.* In January 2023, the World Bank had warned that global GDP was slowing to the brink of recession, but since then, strength in the labor market and consumption in the US had exceeded expectations as has China's recovery from COVID-19 lockdowns.* US growth for 2023 is now forecast at 1.1%, more than double the 0.5% forecast in January 2023, while China's growth is expected to climb to 5.6%, compared to a 4.3% forecast in January 2023 after COVID-reduced growth of 3% in 2022.* The bank, however, halved its previous 2024 US growth forecast for the U.S. to 0.8%, and cut China's forecast by 0.4 percentage point to 4.6%.* The euro zone got a forecast increase to 0.4% growth for 2023 from a flat outlook in January, but the forecast for next year was also cut slightly..Source : Business Today
Correct Answer : Option (C) - Puducherry
* Puducherry led the nation with 53.03% women electors in the 2024 Lok Sabha Elections, making it the state/UT with the highest percentage of women electors. * This significant milestone highlights the territory's efforts towards promoting inclusivity and gender equality in the electoral process. * The achievement is particularly notable, considering the overall increase in female electors and their participation in the elections.
Correct Answer : Option (D) - South Korea
* South Korea's parliament impeached Acting President Han Duck-soo on December 27, 2024, amid growing dissatisfaction over his refusal to appoint three judges to the Constitutional Court. * This event followed the impeachment of President Yoon Suk Yeol on December 14, 2024, after he briefly imposed martial law. * The impeachment of Han marked a historic moment as it was the first time an acting president in South Korea was impeached. * The political crisis significantly impacted the country, contributing to economic instability, with the Korean won reaching its lowest value in nearly 16 years.
Correct Answer : Option (B) - Sikkim
* The Kagyed Dance Festival is a major Buddhist celebration in Sikkim, held annually at Tsuklakhang Palace in Gangtok. * Featuring traditional Cham dances performed by masked monks, the festival symbolizes the destruction of evil forces and the welcoming of peace and prosperity. * Rooted in Tibetan Buddhism, it attracts locals and tourists alike, showcasing Sikkim's rich cultural and spiritual heritage.
