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  1. What is the ranking of India in Gross Domestic Product (GDP) calculated as per purchasing power parity based upon the 2015 data of International Monetary Fund (IMF)?
    1. Fourth
    2. Third
    3. Second
    4. Seventh
Correct Option: B

As per the International Monetary Fund World Economic Outlook (WEO) 2015, released in April 2015, India was placed third in terms of GDP (purchasing power parity) behind China and USA. On the GDP (PPP) basis, China's wealth amounted to $18 trillion in 2014, followed by USA with $17.4 trillion and India ($7.3 trillion). India overtook Japan to become the third-largest economy in purchasing power parity in 2012. The standings are same even in the WEO 2016.


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