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Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.
Passage
The country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.
Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.
  • a)
    if you think the inference is ‘definitely true’;
  • b)
    if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;
  • c)
    if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;
  • d)
    if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; and
  • e)
    if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Directions: In this question below is given a passage followed by sev...
Probably true. The last sentence says: India is ready to shed its ideological inhibitions and evaluate the international economic environment in a pragmatic spirit. We know that before the age of convertibility India was governed by socialistic ideals. So, it is likely that the ideological inhibitions referred to in the passage mean the socialistic ideals. Hence, the given inference appears likely to be true.
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Most Upvoted Answer
Directions: In this question below is given a passage followed by sev...
Understanding the Inference:
The passage talks about how India is moving towards economic maturity by introducing convertibility of the Rupee on the current account and preparing to welcome foreign capital. It also mentions that India is shedding its ideological inhibitions to evaluate the international economic environment in a pragmatic spirit.

Evaluating the Inference:
- The passage does not explicitly mention that socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.
- The passage focuses on India's readiness to integrate with the global economy and shed ideological inhibitions.

Conclusion:
Given the information provided in the passage, it is more likely that socialistic ideals did not prevent India from evaluating the international economic environment in a pragmatic spirit. Therefore, the inference can be considered as 'probably true' in the context of the passage.
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Progress is possible when you are not afraid of competition. Each and every person is unique, but he/she may have better qualities than you. If you want to reach your goal, make sure that you are perfect in it because there are thousands of people out there who want the same goal and who will go out of their way to reach their goal. Here is where competition steps in; many people are scared of it and are against it, but they don’t know the importance of it. Competition makes your goal a living thing; it ignites that fire within you to make your dream possible. Many people dream a new dream every day but the reason why they don’t succeed is because of the lack of better preparation for competition. For example, if a writer knows that there are 80 people out there dreaming the same dream, then he will try to perfect his skill in writing, increase his vocabulary and will do all other things to make himself perfect. This is called preparing for competition in a right way, but, when a person knows the competition but tries to excel in it through unlawful means, then that competition becomes unworthy for him and even though it results in progress, it’s not worth the success. Economics taught us that human wants are unlimited. So beware, don’t let the fire within you burn the goodwill of others. A healthy competition leads to progress: increase in one’s skill, increase in employment capability which in turn results in increase in earning capacity. When competing is treated as a healthy one, it results in national progress. The place where competition is mostly present is, during exams. When you are competing among thousands of individuals, you are merely testing your knowledge and you also get to know where you stand in the crowd. This is the main purpose of the exam, to merely test your knowledge in a competitive way. I think students should know this particular point - competition is just a part of life and not life itself. Sometimes the hunger for success makes your values famished. Now, those people who are not competitive enough or those who don’t stand a chance in the competition, it is an experience for them to know about their flaws and learn from them. Competition is a boon to mankind which leads to progress, progress for him and progress for his country.Q. In the light of the information given, which of the following phrases is least likely to be preferred by the author in describing the spirit of the competition?

Progress is possible when you are not afraid of competition. Each and every person is unique, but he/she may have better qualities than you. If you want to reach your goal, make sure that you are perfect in it because there are thousands of people out there who want the same goal and who will go out of their way to reach their goal. Here is where competition steps in; many people are scared of it and are against it, but they don’t know the importance of it. Competition makes your goal a living thing; it ignites that fire within you to make your dream possible. Many people dream a new dream every day but the reason why they don’t succeed is because of the lack of better preparation for competition. For example, if a writer knows that there are 80 people out there dreaming the same dream, then he will try to perfect his skill in writing, increase his vocabulary and will do all other things to make himself perfect. This is called preparing for competition in a right way, but, when a person knows the competition but tries to excel in it through unlawful means, then that competition becomes unworthy for him and even though it results in progress, it’s not worth the success. Economics taught us that human wants are unlimited. So beware, don’t let the fire within you burn the goodwill of others. A healthy competition leads to progress: increase in one’s skill, increase in employment capability which in turn results in increase in earning capacity. When competing is treated as a healthy one, it results in national progress. The place where competition is mostly present is, during exams. When you are competing among thousands of individuals, you are merely testing your knowledge and you also get to know where you stand in the crowd. This is the main purpose of the exam, to merely test your knowledge in a competitive way. I think students should know this particular point - competition is just a part of life and not life itself. Sometimes the hunger for success makes your values famished. Now, those people who are not competitive enough or those who don’t stand a chance in the competition, it is an experience for them to know about their flaws and learn from them. Competition is a boon to mankind which leads to progress, progress for him and progress for his country.Q. Which of the following is consistent with the information mentioned in the passage?

Directions: Read the following passage and answer the question.Data privacy can take the form of non-price competition and abuse of dominance can lower privacy protection, a study by the Competition Commission of India (CCI) has said.The study also made observations about other non-price factors such as quality of service (QoS), data speeds and bundled offerings, which are likely to be the new drivers of competitive rivalry between service providers in telecom sector in addition to just price.CCI noted that an aspect of data in the context of competition in digital communications market is the conflict between allowing access and protecting consumer privacy.Privacy can take the form of non-price competition, it said. Abuse of dominance can take the form of lowering the privacy protection and therefore falls within the ambit of antitrust as low privacy standard implies lack of consumer welfare. On other non-price factors of competition, CCI found that consumers ranked network coverage at the top followed by customer service, tariff packaging and lower tariffs as the most important factors for the preference of a particular network.Non-price competition refers to competition between companies that focuses on benefits, extra services, good workmanship, product quality - plus all other features and measures that do not involve altering prices. It contrasts with price competition, in which rivals try to gain market share by reducing their prices. Non-price competition is often adopted by the competing players in a sector in order to prevent a price war, which can lead to a damaging spiral of price cuts.Non-price competition is a marketing strategy that typically includes promotional expenditures such as sales staff, sales promotions, special orders, free gifts, coupons, and advertising.Dominance is not considered bad per se but its abuse is. Abuse is stated to occur when an enterprise or a group of enterprises uses its dominant position in the relevant market in an exclusionary or/and an exploitative manner.[Extracted with edits and revisions from, Data privacy can take form of non-price competition, The Hindu, January 26, 2021, and Market business news]Q.Consider a scenario in which an online streaming service provider offers a complimentary 10 GB data voucher to all its app subscribers. This situation exemplifies

The ideal market is the one in which various market participants are independent and act as competitive restraints on each other. This economic liberty of market participants is sine qua non for preserving free and unfettered competition in any market. Sometimes the market participants with an objective to make more money instead of competing with each other on merits may enter into agreements to restrict competition. The words of Adam Smith that “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public or in some contrivance to raise prices” are still applicable and to some extent true even today. Section 3 of the Competition Act, 2002 (hereinafter referred as the Act) seeks to prohibit such agreements.Section 3(1) of the Act inter alia prohibits an agreement between an enterprise and a person causing or is likely to cause an appreciable effect on competition within India. As the definition of person under the Act includes an individual, it leads to possible interpretation that consumers can be a party to anti-competitive agreements. This proposition contradicts the whole philosophy of competition law behind prohibiting anti-competitive agreements, but still the Act nowhere negates this proposition on the other hand seems to support it.If this proposition is answered in affirmative, it may have multi-dimensional adverse implications on contractual relations. For instance, a consumer will be able to avoid a contract if subsequently such contract is proved to be anti-competitive. This is not something which the Competition Commission doesn't have the power to do, in fact the Commission in the case of Belarie Owners Association v. DLF Ltd. & HUDA has directed DLF to modify unfair conditions in a properly entered contract. However, the rationale behind this decision was that by imposing such unfair terms the DLF has abused its Dominance and not on the ground of such agreement being anti-competitive.The issue as to whether consumers can be party to anti-competitive agreements was raised before Competition Commission in the case of Yashoda Hospital and Research Centre Ltd. v. India Bulls Financial Services Ltd. (IFSL). The Commission held that for application of Section 3 there must be two or more enterprises and there must be an agreement between them. While adjudging the same issue the Gujarat High Court in case of Jai Balaji Industries Ltd. & Ans. v. Union of India has observed that the Consumers have no role to play in anti-competitive agreements. Thus, after these judicial pronouncements it is well established that a consumer can’t be party to any anti competitive agreement as prohibited under Section 3 of the Act.Q. Which of the following statements is true with respect to the agreement disputed in Belarie Owners Association v. DLF Ltd. HUDA?

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Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct answer is option 'B'. Can you explain this answer?
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Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct 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 Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct 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 Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct 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 Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: In this question below is given a passage followed by several inferences. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageThe country has taken a major initiative by introducing convertibility of the Rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country’s achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels which are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face international competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.Socialistic ideals prevented India from evaluating the international economic environment in a pragmatic spirit.a) if you think the inference is ‘definitely true’;b) if you think the inference is ‘probably true’ though not definitely true in the light of the facts given;c) if you think the ‘data are inadequate’, i.e., from the facts given you cannot say whether the inference is likely to be true or false;d) if you think the inference is ‘probably false’ though not definitely false in the light of the facts given; ande) if you think the inference is ‘definitely false’, i.e. it contradicts the given facts.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.
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