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Option 4 : Third
- Indian economy ranks at the third position in the world in terms of Purchasing Power Parity (PPP).
- It is only behind China and the USA.
- Also, the Indian Economy has surpassed France’s Economy to become the sixth largest economy by nominal GDP.
- The top 10 economies in terms of Purchasing Power Parity (PPP) are as follows:
| 1. China |
| 2. USA |
| 3. India |
| 4. Japan |
| 5. Germany |
| 6. Russia |
| 7. Indonesia |
| 8. Brazil |
| 9. UK |
| 10. France |
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Related Questions
An assumption is something supposed or taken for granted. In the question, a statement is given. You have to consider the following assumption and decide which of the assumption is implicit in the statement.
Statement:
Finance Minister Arun Jaitley, on Thursday, proposed to double the expenditure on the government’s flagship Digital India programme to ₹ 3,073 crores for the next fiscal against ₹ 1,425.63 crores in 2017-18, a move that has largely been welcomed by the industry. “Global economy is transforming into a digital economy thanks to the development of cutting-edge technologies in digital space – machine learning, artificial intelligence, Internet of things, 3D printing and the like,” Mr Jaitley said.
Assumptions:
1. Digital India Program is a successful programme of Indian Government.
2. Machine learning and artificial intelligence are important for a country’s progress.
3. Finance Minister Mr. Arun Jaitley is famous between industrialists.?
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