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Indian Institute of Foreign Trade 2014 Solved Paper

Directions for question 52: In the question below, a statement is followed by three assumptions numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which assumptions are implicit in the statement.

Question : 52

Total: 118

It is believed by many economists that to realize a 7 Percent GDP growth rate in India, which is very much attainable, the gross fixed capital formation in the country must increase to 30 percent of GDP from the present level of 28 percent.
I. The target of 7 percent GDP growth is not feasible.
II. GDP growth rate is directly related to capital formation rate.
III. The GDP growth rate in a country is the only indicator of country's economic development.

Both I and II
Both II and III
Both III and I
None of I, II or III

Validate

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