[amp_mcq option1=”6.00%” option2=”6.90%” option3=”7.25%” option4=”8.50%” correct=”option3″]<\/p>\n
The correct answer is (c) 7.25%.<\/p>\n
The Union Budget 2005-06 projected a GDP growth rate of 7.25%. This was based on the assumption that the global economy would continue to grow at a healthy pace, and that India would be able to maintain its high growth momentum.<\/p>\n
The budget also projected that inflation would be kept under control at 5%. This was to be achieved through a combination of fiscal and monetary measures.<\/p>\n
The budget also proposed a number of measures to boost investment and growth. These included tax cuts, infrastructure spending, and reforms to the financial sector.<\/p>\n
The budget was generally well-received by the markets. The Sensex, the benchmark stock index, rose by more than 2% on the day of the budget announcement.<\/p>\n
However, some analysts were concerned that the budget was too optimistic. They argued that the global economy was facing a number of risks, and that India could be affected by these risks.<\/p>\n
Despite these concerns, the budget was seen as a positive step towards achieving India’s goal of becoming a developed country by 2020.<\/p>\n
The other options are incorrect because they are not the projected GDP growth rate for 2005-06.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”6.00%” option2=”6.90%” option3=”7.25%” option4=”8.50%” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-2187","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n