Comprehension Passage

Direction: Read the following passage carefully and answer the questions given below it in the context of the passage.

While this may be a far lower priority item for Indians busy solving Bollywood conspiracies, it is worth noting that the Indian economy is in big trouble. The GDP shrunk by 23.9% last quarter, a level not completely unexpected but terrible and unprecedented nonetheless.

It doesn’t matter if it is a coronavirus, God, government policies or a combination of all of these factors that caused it. It’s like a spilt bowl of milk in the kitchen. We can argue all day whether someone kicked it, it fell on its own or the cat spilt it.

Demonetisation, a one-off event, lasted a mere two months. It derailed India’s economic growth momentum for years. Similarly, once the GDP contracts so much, it leads to effects such as business shutdowns, job losses, bank loan defaults and loss of confidence. Once something breaks, it doesn’t bounce back. 

What was the impact of Demonetisation on Indian Economy?

1
Prevented the Indian Economy from growing
2
Helped the Indian Economy in its growth
3
No impact on the Indian Economy
4
Prevented the Indian Economy from depleting

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