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Read the information given below carefully and answer.
In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.
Q. Which among the following is the most logical and essential message conveyed by the above passage? 
  • a)
    All economic problems of the world can be solved by global economic integration.
  • b)
    Global assimilation can help in protecting financially distressed countries during economic crisis.
  • c)
    Low income countries cannot survive without borrowing and lending in capital markets.
  • d)
    Countries should learn to be selfdependent economically to reduce global dependence.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Read the information given below carefully and answer.In many emerging...
(a) is incorrect as the passage specifically talks about income related issues in the countries around the world and not on all economic issues.
(b) is correct as the passage tells the benefits of global integration and essentially tells that it can help when countries are going through income shocks and drops i.e. protects them at the time of financial distress.
(c) is incorrect as the passage does not claim the failure of survival of low income without borrowing or lending, it only says that such activity would help smoothen the effect of income shocks.
(d) is incorrect as the passage does not point the countries to be self-dependent but towards the benefits of being integrated into the global financial system.
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Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer?
Question Description
Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the information given below carefully and answer.In many emerging market and developing countries, remittances from migrants abroad help households maintain spending when times are tough and incomes decline. In principle, integration into the global financial system could help smooth the effect of income shocks on household consumption through borrowing and lending in capital markets. Countries could borrow more when their income drops temporarily.Q. Which among the following is the most logical and essential message conveyed by the above passage?a)All economic problems of the world can be solved by global economic integration.b)Global assimilation can help in protecting financially distressed countries during economic crisis.c)Low income countries cannot survive without borrowing and lending in capital markets.d)Countries should learn to be selfdependent economically to reduce global dependence.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
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