Q. The term ‘Fragile Five’, recently seen in the news, refers to:

[A] Five countries with the highest levels of public debt

[B] Five developing countries facing severe food insecurity

[C] Five economies with the lowest foreign exchange reserves

[D] Five emerging economies vulnerable to external financial shocks and capital outflows

Answer: D
Notes:

Explanation: The term ‘Fragile Five’ was coined by Morgan Stanley in 2013 to describe Brazil, India, Indonesia, South Africa and Türkiye, which were considered vulnerable to external financial shocks and sudden capital outflows.

Source- mint

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