Question

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Question No. : 16 Out of 43 (Sec-A)/2 Marks
Read the passage:
That the global economy is slowing down is an understatement. This is more so when much of the world economic actity's fulcrum is oil. With oil prices falling below $28 per
barrel and set to drop further some suggest they could fall as low as $10 a barrel. The reason? Iran, a major til producer, just free from sanctions imposed by the US, is all set
to boost its crude output. The country has announced that it will increase its crude output by 500,000 barrels a day With this, the global crude oil market is set for a glut and
consequent collapse in oil prices.
Experts point to China as one of the main reasons for the slow down. The dragon economy has become a drag on the global economy. Growth slowed down to 69 per cent after
the fourth quarter slowed to 6.8 per cent last year. This was exacerbated by a huge outflow of capital, a slide in the Yuan currency and stock market crashes with many of the
markets riding piggyback on the Chinese economy, demand fell everywhere and impacted the world economy at large. The latest forecast by the International Monetary Fund
(IMF) cut its global growth forecast for 2016 at 3.4 per cent, down 0.2 per cent but put India's projected growth at 7.5 per cent, up from 7 3 per cent last year. So, as the dragon
slows down, it could be the time of the resurgent tiger, cranked up by low oil prices.
According to the passage, what is the main reason of recent global economic slowdown?
a) Growth in the Chinese Economy
b) Slowdown in the Chinese Economy.
) Increase in the Yuan currency
d) None of the above​

Answer 1

Answer:

growth in the Chinese economy or none of these

Answer 2

Answer:

Growth of Chinese Economy

Explanation:

I know only this