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The government has appointed __________________________ as the new Chief Economic Advisor. 
  • a)
    Gita Gopinath 
  • b)
    Krishnamurthy Subramanian 
  • c)
    Bimal Jalan 
  • d)
    Amartya Sen 
  • e)
    None of these 
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The government has appointed __________________________ as the new Chi...
​The Appointments Committee of the Cabinet has approved the appointment of Krishnamurthy Subramanian as the new Chief Economic Adviser for a period of three years
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A passage is given below. Four words in different sentences each have been highlighted. Choose the words that are inappropriate and do not fit in the given context of the passage.(I) The Indian economy witnessed a V-shaped recovery last year after the pandemic-inducted decline in the first quarter as India was the only large country that experienced two consecutive quarters of positive growth; see this year’s Economic Survey and Monthly Economic Report (MER) May 2021 for evidence. (II) After the Covid-19 second wave halted this resurrection for a couple of months, the Indian economy is geared up for fast growth. (III) This confidence stems from the fact that India is the only country to have launched path-breaking reforms and radically altered its economic thinking among the pandemic. (IV) As developed over the last three Economic Surveys of the Government of India, the new economic thinking for India relies on three key principals to achieve the objective of “Minimum Government, Maximum Governance.”(V) While we all romantically regret about the 1991 reforms today, we must remember that the then government faced stringent opposition from all corners, including the ruling party itself. Many did not foresee the enormous impact that the reforms were to create. (VI) The full import of the change in economic thinking was realised over time. Similarly, the benefits of the racial change in India’s economic thinking post Covid will manifest in India’s growth path over the coming decades.Which of the words given in (I) has been used inappropriately?

Direction: Fill in the blanks with appropriate words.Prior to 1991, India’s economy and financial system were heavily regulated and ____(1)___ by the public sector. A complicated regulatory regime required firms to obtain licenses for most economic activities, and many industries were ____(2)____ for the public sector, including much of the financial system. Bank nationalizations in 1969 and 1980 increased the public sector share of deposits 5 to over 80 per cent, and further branch licensing was rigidly controlled. Primarily focused on financing government ____(3)____ and serving government priority sectors such as agriculture, India’s public banks lacked proper lending ____(4)____ and exhibited a high number of non-performing loans. Following a balance of payments crisis in 1991, however, a number of structural ___(5)___ were implemented that greatly deregulated many economic ____(6)____, and in November 1991, a broad financial reform agenda was established in India by the Committee on the Financial System (CFS). The CFS was appointed by the Government of India to examine the ____(7)____ financial system and make recommendations for improving its efficiency so as to more effectively meet the credit needs of ____(8)____. One of the committee’s recommendations to meet this goal was to introduce greater competition into the banking system by ____(9)____ more foreign banks to enter India. It was argued that the entry of additional foreign banks would improve the competitive efficiency of the Indian banking system and induce an ____(10)____ of banking technology.What should come in the place of blank (7)?

A passage is given below. Four words in different sentences each have been highlighted. Choose the words that are inappropriate and do not fit in the given context of the passage.(I) The Indian economy witnessed a V-shaped recovery last year after the pandemic-inducted decline in the first quarter as India was the only large country that experienced two consecutive quarters of positive growth; see this year’s Economic Survey and Monthly Economic Report (MER) May 2021 for evidence. (II) After the Covid-19 second wave halted this resurrection for a couple of months, the Indian economy is geared up for fast growth. (III) This confidence stems from the fact that India is the only country to have launched path-breaking reforms and radically altered its economic thinking among the pandemic. (IV) As developed over the last three Economic Surveys of the Government of India, the new economic thinking for India relies on three key principals to achieve the objective of “Minimum Government, Maximum Governance.”(V) While we all romantically regret about the 1991 reforms today, we must remember that the then government faced stringent opposition from all corners, including the ruling party itself. Many did not foresee the enormous impact that the reforms were to create. (VI) The full import of the change in economic thinking was realised over time. Similarly, the benefits of the racial change in India’s economic thinking post Covid will manifest in India’s growth path over the coming decades.Choose the word that is inappropriate in the statement (II)

The government has appointed __________________________ as the new Chief Economic Advisor.a)Gita Gopinathb)Krishnamurthy Subramanianc)Bimal Jaland)Amartya Sene)None of theseCorrect answer is option 'B'. Can you explain this answer?
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