Directions: Read the following passage and answer the questions that follows.
India is the second most populous country, with over 1.3 billion people or about one-sixth of the global population. We are projected to be the most populous country by 2022 and the population s expected to reach 1.6 billion by 2050. More than 50 % of the people are below the age of 25, and in 2022 the average will be below 30. Powered by the intellect, energy and creativity of a young nation, India is certainly poised to grow rapidly.
The journey has challenges and growth is by no means guaranteed. But with concerted efforts I believe equitable, sustainable growth is achievable and India can build shared prosperity for all citizens by transforming the way the economy creates value.I do not intend to link the economic situation or its solution to any political dispensation ; but as we cross 18 months of the present government and edge towards the end of 2015, this is a suitable time , both to reflect and take our journey forward.
For sure, things were not good in June 2014. Growth had slowed; the world was also slackening. India has a  wide range of governance issues which, inter alia , shook the faith of investors at home and abroad. State benevolence was becoming the preferred instrument of assuring earnings. The industrial overcapacity we lament today was already entrenched ; many debt overhang or health issues of today are fallouts of the circumstances described.
All governments followed policies of promoting foreign direct and institutional capital inflows , and exhorting domestic businesses to invest  at home.No one, whether then or now , denies the attractiveness of India as a long-term and growth market.
But its core, investment remains an act of faith . Business attractiveness is a necessary but not sufficient condition for an investment destination; systematic trust is critical for undertaking risk. Today, much comfort stems from government functioning with a greater sense of purpose, never mind even if the political environment forces is to keep articulating its business and pro-poor. It is ultimately sound commerce that can provide livelihoods.
Energising an economy that had been slowing for over two years was a Herculean task. But regardless of the views one may hold for the range and speed of actions, one cannot fail to concur with the govt’s emphasis on doing what’s right for India. Broadly speaking , one perceives the pursuit of a three-pronged strategy of nurturing the economy , enhancing India’s global profile and standing , and attempting to improve daily lives  of citizens. Only some actions yield quantifiable outcomes, others can build positive perceptions when all actions are relentlessly pursued and executed.
As always, external examination and internal reflection are two sides of the coin. One must worry if these generate widely dissimilar conclusions; thankfully, this is not so in India’s case.
The external viewpoint – whether of foreign governments, economists, investors and foreign investors doing business here – is overwhelmingly positive, be it the economy and generate livelihoods. Of course, they also feels that decisions and actions must move faster; but outsiders definitely recognise the limitations of a notoriously creaky  implementation machine and of a noisy federal democracy.
From the domestic viewpoint, it is important to recall that local businesses have literally been on a economic rollercoaster since about 2012. They are, therefore, tottering under multiple pressures of capacity and debt overhang, poor exports and increased competition from imports. They need to survive  the turmoil  in one piece; therefore mindsets remain  strained and negative.
- Which of the following statement regarding investment is/are true in the context of  the passage?
i) Only business attractiveness is not a sufficient condition for investment
ii) Indian govt. has taken several steps to attract foreign investors
iii) During the past few years investment opportunities in India NRIs and Persons of Indian Origin have been at an all-time high
A)Only i and ii
B)Only ii and iii
C)Only i and iii
D)Only i
E)Only ii
- Which of the following acted as a deterrent(s) for investors at home and abroad?
A)A wide range of govt. issues
B)Poor infrastructure and unskilled workforce
C)New foreign black money law with stringent punishments
D)The promise made by the PM for a corruption-free India
E)None of these
- Why is the author so jubilant about India to grow rapidly?
i)because India has large youth population
ii)because many countries have agreed to invest huge amounts in India
iii)because there is no dearth of intellect, energy and creativity in India
A)Only i
B)Only ii
C)Only iii
D)Only i and ii
E)Only i and iii
- Which of the following can be said about the author?
A)the author i a social scientist
B)the author is apprehensive about the growth of India’s economy
C)the author is confident about the growth of India’s economy
D)the author is well-known economist
E)None of these
- Which of the following is not true in the context of the given passage?
A)In 2014, the world economic growth was slackening
B)India is projected to be the most populous country by 2050
C)According to the author, sustainable growth is achievable through concerted efforts
D)The rural economy has weakened over the years
E)None of these
- Why does the government of India want to nurture the economy?
i)to build a positive perception in the eyes of the world
ii)to enhance India’s global profile and standing
iii)to improve daily lives of citizens
A)Only i and ii
B)Only ii and iii
C)Only i and iii
D)All i, ii and iii
E)Only i
- What is the meaning of the phrase inter alia as used in the passage?
A)with great force
B)without any doubt
C)among other things
D)not at all
E)interestingly
- What is the meaning of the word ‘rollercoaster’Â as used in the passage?
A)occur in a dramatically changeable manner
B)break-even point
C)having no fixed goal
D)slowdown
E)other than those given as options
- What is the Opposite of the word ‘Turmoil’?
A)disorder
B)confusion
C)trouble
D)peace
E)strife
- What is the Opposite of the word ‘Creaky’?
A)antediluvian
B)new
C)oldie
D)worn
E)ancient
9/10 in 6 minutes..thank u AZ:)
ty AZ, 8.. jb ek s jyada option choose krne hote hain like 1st,3rd, 6th to gadbad ho jata h.. 🙂
ty Az..
9/10
10/10..ty AZ
10/10
7/10
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