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India's economy grew at 7.2% in FY2023, the fastest among major economies.

The Insolvency and Bankruptcy Code was introduced in 2018.

India's multidimensional poverty has increased from 2015-16 to 2019-21.

How many statements given above are correct?

(a) Only one statement

(b) Only two statements

(c) All three statements

(d) None of the statements

1 Answer

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Answer: (a) Only one statement is correct

Explanation: Statement 1 is correct, as India did record a 7.2% growth in FY2023. Statement 2 is incorrect; the Insolvency and Bankruptcy Code (IBC) was introduced in 2015. Statement 3 is incorrect; multidimensional poverty in India has decreased between 2015-16 and 2019-21, as per the report by NITI Aayog.

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