Q: In the first quarter of fiscal year 2020-21, GDP contracted by 23·9 percent and in the second quarter, by 7·5 percent. The Economic Survey, 2020-21 preferred to call it a recovery in
(a)U-shape
(b)V-shape
(c)K-shape
(d)W-shape
Correct Answer: (b)
The correct answer is (a) 'U-shape'. This question from the Indian Economy domain tests knowledge of National Income & Economic Growth.