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Q21 (IAS/2015) International Relations & Global Affairs › Global Indices, Reports & Agreements › Global economic reports Official Key

Which one of the following issues the 'Global Economic Prospects' report periodically?

Result
Your answer:  ·  Correct: D
Explanation

The Global Economic Prospects report is issued by the World Bank Group twice a year (in January and June).[1] The report examines global economic development and prospects with special focus on Emerging Market and Developing Economies (EMDEs).[1] The documents clearly reference multiple editions of the Global Economic Prospects report published by the World Bank, including the June 2015 and January 2015 editions, which confirms that the World Bank was indeed publishing this report periodically as of 2015. This flagship report provides comprehensive analysis of global economic trends and forecasts, making it an important resource for understanding worldwide economic conditions. The other institutions listed - Asian Development Bank, European Bank for Reconstruction and Development, and US Federal Reserve Bank - publish their own reports but not the Global Economic Prospects report.

Sources
  1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
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Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Q. Which one of the following issues the 'Global Economic Prospects' report periodically? [A] The Asian Development Bank [B] The European …
At a glance
Origin: Books + Current Affairs Fairness: Low / Borderline fairness Books / CA: 2.5/10 · 7.5/10
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This is a classic 'Sitter' for any serious aspirant. The 'Reports & Indices' theme is a guaranteed 2-4 marks every year. If you are reading monthly current affairs or standard economy books (like Nitin Singhania), this table of 'Organization vs. Report' is mandatory memorization.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1
Does the Asian Development Bank periodically publish the "Global Economic Prospects" report as of 2015?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source
Presence: 5/5
"Andrew Burns, Lead Author, Global Economic Prospects Report, World Bank Group:"
Why this source?
  • Explicitly names a World Bank Group lead author for the Global Economic Prospects report.
  • Indicates the report is a World Bank Group publication, not one produced by the Asian Development Bank.
Web source
Presence: 5/5
"says the World Bank in the newly-released Global Economic Prospects report."
Why this source?
  • States that the World Bank released the Global Economic Prospects report.
  • Attributes the periodic report to the World Bank rather than the Asian Development Bank.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Global Economic Prospects Report > p. 527
Strength: 5/5
“• The report examines global economic development and prospects with special focus on Emerging Market and Developing Economies (EMDEs). • It is issued by World Bank Group twice a year (in January and June). • As per latest January 2021 GEP Report: • The global economic output is projected to grow by 4 per cent in 2021 assuming widespread roll-out of COVID-19 vaccine. • India is expected to grow at 5.4 per cent in 2021-22 and 5.2 per cent in 2022-23 after an expected contraction of 9”
Why relevant

Explicitly states the 'Global Economic Prospects' (GEP) report is issued by the World Bank Group twice a year.

How to extend

A student could combine this with the basic fact that one organization typically 'owns' a report title to suspect ADB is not the publisher and then verify publisher lists from 2015.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > 13. Which one of the following issues 'Global Economic Prospects' report periodically? > p. 556
Strength: 4/5
“• (a) The Asian Development Bank • (b) The European Bank of Reconstruction and Development • (c) The US Federal Reserve Bank • (d) The World Bank • 14. Which of the following organisations brings out the publication 'World Economic Outlook'? • (a) The International Monetary Fund • (b) The United Nations Development Programme • (c) The World Economic Forum • (d) The World Bank”
Why relevant

Provides a multiple‑choice question listing ADB and World Bank as candidate issuers of GEP, implying the question tests which institution publishes GEP.

How to extend

A student could infer the intended correct answer is not ADB (given other evidence) and check official 2015 bibliographies for confirmation.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > ASIAN DEVELOPMENT BANK > p. 531
Strength: 4/5
“• Objectives of ADB: • To eradicate poverty from Asia and Pacific region and to help developing countries improve the quality of life. • To bring economic stability and sustainable development. Functions of ADB: • Providing loans and equity investment for economic and social advancement of the developing member countries. • Technical assistance in planning and execution of projects. Asian Development Outlook is an annual publication by ADB. ۰”
Why relevant

States that the Asian Development Bank publishes the 'Asian Development Outlook' annually — showing ADB uses a different, regionally named flagship economic report.

How to extend

Using the fact ADB has its own regional outlook title, a student could judge it less likely ADB also issued a global report named GEP and then compare report titles in 2015.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Economic Outlook (WEO) > p. 519
Strength: 3/5
“• Usually published twice a year by IMF (usually April and October). • Showcases the staff economists' analysis and forecasts of global economic developments and policies in the member countries of IMF during the near and medium term. • The report also indicates the risks and uncertainty that may threaten growth of member countries. • As per the last published October 2020 World Economic Outlook report: • Due to COVID-19 pandemic, global GDP growth is projected to decline to -4%. This October 2020 report was titled 'A long and Difficult Ascent'.”
Why relevant

Notes that the IMF publishes the 'World Economic Outlook', illustrating that major institutions each publish distinct, named global economic reports.

How to extend

A student could apply this pattern (distinct report titles per institution) to reason that 'Global Economic Prospects' is likely tied to one specific institution (as snippet 1 says) rather than ADB.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > World Development Report > p. 526
Strength: 3/5
“• It is published annually since 1978 by IBRD or World Bank. • The report provides an in-depth analysis of a specific aspect of the economic development.”
Why relevant

Mentions 'World Development Report' is published by the World Bank annually, showing the World Bank regularly issues major reports on development and prospects.

How to extend

A student could extend this to infer the World Bank commonly publishes flagship reports (supporting the snippet that GEP is a World Bank product), reducing the plausibility that ADB published GEP in 2015.

Statement analysis

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Statement analysis

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Statement analysis

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