Direction: In the following passage, some words have been deleted. Fill in the…
2023
Direction: In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number.
India’s economy is set for its biggest annual ______(1)______ in records going back to 1952 as the rapid spread of coronavirus cases and measures to contain them hurt businesses and households. The gross domestic product will shrink 7.7% in the financial year ending March 2021, the statistics ministry said in its first advance ______(2)______ published on Thursday. That’s steeper than a 7.5% drop ______(3)______ by the Reserve Bank of India, as well as economists surveyed by Bloomberg.
Question:
Which of these words most appropriately fits the blank labelled (3)?
- A.
Survey
- B.
Estimation
- C.
Forecast
- D.
Telecast
Attempted by 13 students.
Show answer & explanation
Correct answer: C
Solution
The correct answer is Forecast.
Explanation
Forecast means a prediction of future events or trends and is commonly used for economic projections made by institutions like the Reserve Bank of India.
Survey refers to a study or poll and does not mean a future prediction, so it does not fit the context.
Estimation denotes a rough calculation or approximation. Although you could use estimated/estimate in some contexts, forecast is the more natural choice for formal predictions about future GDP figures.
Telecast means a television broadcast and is unrelated to making economic predictions.
Filled sentence:
That’s steeper than a 7.5% drop forecast by the Reserve Bank of India, as well as economists surveyed by Bloomberg.
Brief note:
Use forecast for formal predictions about future trends; use estimate/estimated for approximate calculations if needed, and avoid words that refer to studies or broadcasts when a prediction is meant.