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

The correct answer is D, the World Bank. The Global Economic Prospects (GEP) is the Bank's flagship global forecasting report. It is released twice a year, usually in January and June, with growth projections for the world economy, developing economies and major regions, and each edition has a thematic focus.

• A, Asian Development Bank: ADB publishes the Asian Development Outlook, which covers Asia and the Pacific only, not the global GEP.
• B, EBRD: The European Bank for Reconstruction and Development issues regional economic reports for the countries where it invests, not a global outlook.
• C, US Federal Reserve: The Fed is a national central bank. Its outputs, such as monetary policy statements and the Beige Book, are domestic, not a multilateral global forecast.

The core concept is the difference between multilateral development institutions and national central banks, and between regional and global publications. For Mains GS-3 (Indian Economy), the GEP's commentary on global slowdown, trade and capital flows often frames the external environment for India's growth debate.

Trap: Aspirants pick the ADB or EBRD because they sound like the development outlook for a region. The GEP is the global report, so it belongs to the World Bank.