This topic contains 0 replies, has 0 voices, and was last updated by  EduGorilla 2 years, 4 months ago.

  • Author
  • #1575962 Reply
    Select Question Language :

    Direction: Read the following passage carefully and answer the questions that follow. Certain words have been printed in bold to help you locate them while answering some of the questions.

    The key takeaway from Tuesday’s meeting between Prime Minister Narendra Modi and leaders of Indian business is this: both sides want the other to be the first mover. The Prime Minister wants India Inc to increase its risk appetite and step up with its investments in order to kick-start growth. Although the global economic environment may be uncertain, Modi and his key team of economic managers and advisors feel that the current turmoil, triggered by a slowdown in China’s growth, actually offers India an opportunity to catalyse domestic growth and employment creation. Industry, on the other hand, wants the Centre to move first on removing what it sees as the key roadblocks to further investment and growth — the unaffordable cost of capital and poor demand, both linked to the current high interest rate regime; and stalled reforms, particularly relating to the Goods and Services Tax and land acquisition.
    It is a classic Mexican stand-off. The Centre is really not in a position to dole out further breaks for industry, given slack revenue collections and unbudgeted surges in spending caused by the failure of the monsoon and acceptance of the ‘one rank one pension’ demand. And with key elections in Bihar in the offing, the reform agenda is going to take a backseat to the political agenda in the near term at least. The Reserve Bank of India may oblige with a rate cut in its upcoming policy review, but the issue there is not of the signals that the RBI is sending, but how they are getting transmitted through the system. Banks are unable to either pass through the cuts fully or step up lending significantly, given the level of stressed assets on their books and the lack of adequate recapitalisation funds. Key parts of industry, particularly in the core sector and infrastructure, are carrying equally stressed balance sheets, and slowing demand and a falling stock market are only worsening the situation.
    A possible way out of this impasse would be for the Centre to start by setting a time-bound agenda to address some of the big issues, at least in a few key sectors. Infrastructure industries such as coal, power, steel and cement, transportation and telecommunications are all in need of policy intervention. Whether it is sorting out the books of electricity distributors, addressing land and environment-related issues in mining, making more telecom spectrum available or removing the roadblocks in at least some of the biggest stalled projects, it is the Centre that has the power to play the catalyst. It can also look at addressing another key grouse of industry — levelling the playing field with foreign investors on the issue of investment risk. Foreign investors have bilateral and multilateral investment protection treaties to deal with policy risk, while domestic investors have no such cover. For its part, India Inc also needs to remember that the macro economy comprises micro components. Unless some of these components step up and start investing, growth and job creation — which in turn create consumers for other segments — will not be possible.

    Which among the following express the OPPOSITE meaning of the word “Stalled” given in the passage?

    Options :-

    1. Arrest
    2. Advanced
    3. Quibble
    4. Hamper
    5. Fenced
    Post your Training /Course Enquiry
    Are You looking institutes / coaching center for
    • Bank PO, SSC, Railways
    • Study Abroad
    Select your Training / Study category
Reply To: Direction: Read the following passage carefully and answer the questions that follow. Certain words ….
Your information:

Verify Yourself

Log in with your credentials


Forgot your details?

Create Account