Question : As per Union Budget 2019-20, the Indian economy is globally the ______ largest in Purchasing Power Parity (PPP) terms.
Option 1: fifth
Option 2: second
Option 3: third
Option 4: fourth
Correct Answer: third
Solution : The correct option is third.
According to that budget, India was globally the third-largest economy in terms of Purchasing Power Parity (PPP). The United States and China topped the list. Purchasing Power Parity (PPP) is a theory in economics that attempts to determine the relative value of different currencies, allowing for a more accurate comparison of living standards and economic performance between countries.
Related Questions
Know More about
Staff Selection Commission Sub Inspector ...
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Get Updates Brochure
Your Staff Selection Commission Sub Inspector Exam brochure has been successfully mailed to your registered email id “”.
