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IMF ranks cou...

Question

IMF ranks countries based on purchasing power parity and what is the rank of India according to it _________.

A

first

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B

third

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C

fourth

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D

fifth

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Solution

The correct option is C fourth

Purchasing power parity (PPP) is a theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries

IMF ranks countries based on purchasing power parity and the rank of India according to it is fourth.

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