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As per the bimonthly monetary policy released by the RBI in October 2019, what was the GDP growth forecast for 2019-20?

1. 6.50%
2. 6.30%
3. 6.40%
4. 6.10%

Correct answer: 6.40%

Solution

In October 2019, the RBI's monetary policy statement projected GDP growth for 2019-20 at 6.4%. This was the revised forecast announced for that period.

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