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Read the passage and answer the question based on it.In a blatant frank talk at the Indian Merchants Chamber in Kolkata the Japanese Ambassador in India dwelt at length with issues that exercise the mind of Japanese investors when they consider investment proposals in India. Raising the question "What comparative advantages does India offer as an investment market?" he said though labour in India is inexpensive. Wage levels are offset by productivity level to a large extent.Acknowledging that vastness of the Indian market is a great inducement for investment in manufacturing industry he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange to be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Ministers visit to Japan, the government delinked profit repatriation from exports, meeting this demand.The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalization policy and the fact that new measures had been put into force by means of administrative notifications without amending Government laws, acted as a damper.The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the Government on disinterment by foreign partners in joint ventures in India.While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little about that if foreign investment is to be wooed assiduously, we will have to meet exacting international standard and. cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were divided as substandard and shoddy. That they have come out of the ordeal of fire-to emerge as an economic super power speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.There is no gain-saying that the past record of Japanese investment is a poor benchmark for future expectations.Q.The purpose of the author in writing this passage seems to be to-a)Discourage foreign investment in Indiab)Critically examine Indian investment environmentc)Paint a rosy picture of Indias trade and commerced)Criticize Governments liberalization policyCorrect answer is option 'B'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Read the passage and answer the question based on it.In a blatant frank talk at the Indian Merchants Chamber in Kolkata the Japanese Ambassador in India dwelt at length with issues that exercise the mind of Japanese investors when they consider investment proposals in India. Raising the question "What comparative advantages does India offer as an investment market?" he said though labour in India is inexpensive. Wage levels are offset by productivity level to a large extent.Acknowledging that vastness of the Indian market is a great inducement for investment in manufacturing industry he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange to be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Ministers visit to Japan, the government delinked profit repatriation from exports, meeting this demand.The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalization policy and the fact that new measures had been put into force by means of administrative notifications without amending Government laws, acted as a damper.The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the Government on disinterment by foreign partners in joint ventures in India.While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little about that if foreign investment is to be wooed assiduously, we will have to meet exacting international standard and. cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were divided as substandard and shoddy. That they have come out of the ordeal of fire-to emerge as an economic super power speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.There is no gain-saying that the past record of Japanese investment is a poor benchmark for future expectations.Q.The purpose of the author in writing this passage seems to be to-a)Discourage foreign investment in Indiab)Critically examine Indian investment environmentc)Paint a rosy picture of Indias trade and commerced)Criticize Governments liberalization policyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the passage and answer the question based on it.In a blatant frank talk at the Indian Merchants Chamber in Kolkata the Japanese Ambassador in India dwelt at length with issues that exercise the mind of Japanese investors when they consider investment proposals in India. Raising the question "What comparative advantages does India offer as an investment market?" he said though labour in India is inexpensive. Wage levels are offset by productivity level to a large extent.Acknowledging that vastness of the Indian market is a great inducement for investment in manufacturing industry he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange to be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Ministers visit to Japan, the government delinked profit repatriation from exports, meeting this demand.The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalization policy and the fact that new measures had been put into force by means of administrative notifications without amending Government laws, acted as a damper.The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the Government on disinterment by foreign partners in joint ventures in India.While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little about that if foreign investment is to be wooed assiduously, we will have to meet exacting international standard and. cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were divided as substandard and shoddy. That they have come out of the ordeal of fire-to emerge as an economic super power speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.There is no gain-saying that the past record of Japanese investment is a poor benchmark for future expectations.Q.The purpose of the author in writing this passage seems to be to-a)Discourage foreign investment in Indiab)Critically examine Indian investment environmentc)Paint a rosy picture of Indias trade and commerced)Criticize Governments liberalization policyCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Read the passage and answer the question based on it.In a blatant frank talk at the Indian Merchants Chamber in Kolkata the Japanese Ambassador in India dwelt at length with issues that exercise the mind of Japanese investors when they consider investment proposals in India. Raising the question "What comparative advantages does India offer as an investment market?" he said though labour in India is inexpensive. Wage levels are offset by productivity level to a large extent.Acknowledging that vastness of the Indian market is a great inducement for investment in manufacturing industry he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange to be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Ministers visit to Japan, the government delinked profit repatriation from exports, meeting this demand.The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalization policy and the fact that new measures had been put into force by means of administrative notifications without amending Government laws, acted as a damper.The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the Government on disinterment by foreign partners in joint ventures in India.While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little about that if foreign investment is to be wooed assiduously, we will have to meet exacting international standard and. cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were divided as substandard and shoddy. That they have come out of the ordeal of fire-to emerge as an economic super power speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.There is no gain-saying that the past record of Japanese investment is a poor benchmark for future expectations.Q.The purpose of the author in writing this passage seems to be to-a)Discourage foreign investment in Indiab)Critically examine Indian investment environmentc)Paint a rosy picture of Indias trade and commerced)Criticize Governments liberalization policyCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Read the passage and answer the question based on it.In a blatant frank talk at the Indian Merchants Chamber in Kolkata the Japanese Ambassador in India dwelt at length with issues that exercise the mind of Japanese investors when they consider investment proposals in India. Raising the question "What comparative advantages does India offer as an investment market?" he said though labour in India is inexpensive. Wage levels are offset by productivity level to a large extent.Acknowledging that vastness of the Indian market is a great inducement for investment in manufacturing industry he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange to be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Ministers visit to Japan, the government delinked profit repatriation from exports, meeting this demand.The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalization policy and the fact that new measures had been put into force by means of administrative notifications without amending Government laws, acted as a damper.The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the Government on disinterment by foreign partners in joint ventures in India.While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little about that if foreign investment is to be wooed assiduously, we will have to meet exacting international standard and. cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were divided as substandard and shoddy. That they have come out of the ordeal of fire-to emerge as an economic super power speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.There is no gain-saying that the past record of Japanese investment is a poor benchmark for future expectations.Q.The purpose of the author in writing this passage seems to be to-a)Discourage foreign investment in Indiab)Critically examine Indian investment environmentc)Paint a rosy picture of Indias trade and commerced)Criticize Governments liberalization policyCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the passage and answer the question based on it.In a blatant frank talk at the Indian Merchants Chamber in Kolkata the Japanese Ambassador in India dwelt at length with issues that exercise the mind of Japanese investors when they consider investment proposals in India. Raising the question "What comparative advantages does India offer as an investment market?" he said though labour in India is inexpensive. Wage levels are offset by productivity level to a large extent.Acknowledging that vastness of the Indian market is a great inducement for investment in manufacturing industry he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange to be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Ministers visit to Japan, the government delinked profit repatriation from exports, meeting this demand.The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalization policy and the fact that new measures had been put into force by means of administrative notifications without amending Government laws, acted as a damper.The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the Government on disinterment by foreign partners in joint ventures in India.While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little about that if foreign investment is to be wooed assiduously, we will have to meet exacting international standard and. cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were divided as substandard and shoddy. That they have come out of the ordeal of fire-to emerge as an economic super power speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.There is no gain-saying that the past record of Japanese investment is a poor benchmark for future expectations.Q.The purpose of the author in writing this passage seems to be to-a)Discourage foreign investment in Indiab)Critically examine Indian investment environmentc)Paint a rosy picture of Indias trade and commerced)Criticize Governments liberalization policyCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Read the passage and answer the question based on it.In a blatant frank talk at the Indian Merchants Chamber in Kolkata the Japanese Ambassador in India dwelt at length with issues that exercise the mind of Japanese investors when they consider investment proposals in India. Raising the question "What comparative advantages does India offer as an investment market?" he said though labour in India is inexpensive. Wage levels are offset by productivity level to a large extent.Acknowledging that vastness of the Indian market is a great inducement for investment in manufacturing industry he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange to be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Ministers visit to Japan, the government delinked profit repatriation from exports, meeting this demand.The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalization policy and the fact that new measures had been put into force by means of administrative notifications without amending Government laws, acted as a damper.The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the Government on disinterment by foreign partners in joint ventures in India.While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little about that if foreign investment is to be wooed assiduously, we will have to meet exacting international standard and. cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were divided as substandard and shoddy. That they have come out of the ordeal of fire-to emerge as an economic super power speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.There is no gain-saying that the past record of Japanese investment is a poor benchmark for future expectations.Q.The purpose of the author in writing this passage seems to be to-a)Discourage foreign investment in Indiab)Critically examine Indian investment environmentc)Paint a rosy picture of Indias trade and commerced)Criticize Governments liberalization policyCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the passage and answer the question based on it.In a blatant frank talk at the Indian Merchants Chamber in Kolkata the Japanese Ambassador in India dwelt at length with issues that exercise the mind of Japanese investors when they consider investment proposals in India. Raising the question "What comparative advantages does India offer as an investment market?" he said though labour in India is inexpensive. Wage levels are offset by productivity level to a large extent.Acknowledging that vastness of the Indian market is a great inducement for investment in manufacturing industry he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange to be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Ministers visit to Japan, the government delinked profit repatriation from exports, meeting this demand.The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalization policy and the fact that new measures had been put into force by means of administrative notifications without amending Government laws, acted as a damper.The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the Government on disinterment by foreign partners in joint ventures in India.While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little about that if foreign investment is to be wooed assiduously, we will have to meet exacting international standard and. cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were divided as substandard and shoddy. That they have come out of the ordeal of fire-to emerge as an economic super power speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.There is no gain-saying that the past record of Japanese investment is a poor benchmark for future expectations.Q.The purpose of the author in writing this passage seems to be to-a)Discourage foreign investment in Indiab)Critically examine Indian investment environmentc)Paint a rosy picture of Indias trade and commerced)Criticize Governments liberalization policyCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the passage and answer the question based on it.In a blatant frank talk at the Indian Merchants Chamber in Kolkata the Japanese Ambassador in India dwelt at length with issues that exercise the mind of Japanese investors when they consider investment proposals in India. Raising the question "What comparative advantages does India offer as an investment market?" he said though labour in India is inexpensive. Wage levels are offset by productivity level to a large extent.Acknowledging that vastness of the Indian market is a great inducement for investment in manufacturing industry he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange to be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Ministers visit to Japan, the government delinked profit repatriation from exports, meeting this demand.The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalization policy and the fact that new measures had been put into force by means of administrative notifications without amending Government laws, acted as a damper.The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the Government on disinterment by foreign partners in joint ventures in India.While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little about that if foreign investment is to be wooed assiduously, we will have to meet exacting international standard and. cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were divided as substandard and shoddy. That they have come out of the ordeal of fire-to emerge as an economic super power speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.There is no gain-saying that the past record of Japanese investment is a poor benchmark for future expectations.Q.The purpose of the author in writing this passage seems to be to-a)Discourage foreign investment in Indiab)Critically examine Indian investment environmentc)Paint a rosy picture of Indias trade and commerced)Criticize Governments liberalization policyCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.