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Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold in the passage to help you locate them while answering some of the questions.As the Modi administration completes two years, it's but fair to say that the government while tempering expectations, realizing the challenges on political and economic fronts, is laying a steady and robust foundation for economic reforms. The Economist aptly sums up the Modi government's achievements by underpinning the fall of "rent-seeking" trends in India's bureaucracy. Improved rating in the 2015 World Bank report and World Economic Forum's index on business competitiveness speak for themselves on achievements thus far. With sustained growth momentum, India is in a sweet spot, pulling its weight to positively influence growth trends in the region, given the slowdown in China.Among crucial achievements, a proactive foreign diplomacy, unprecedented emphasis on attracting FDI (foreign direct investment) and foreign institutional portfolio investors without endangering prospects of a "Make-in-India" pitch, progressive legislation and decisive executive actions stand out. Macroeconomic indicators project a clearer picture on fiscal discipline, with short-to-medium term GDP growth strategy range-bound between 7.5-8%. Structural reforms in the form of subsidy management and distribution, and social security platforms (Jan Dhan Yojana) combined with financial inclusion will certainly yield long-term results. Steady growth in foreign exchange reserves and benign inflationary trends are encouraging, as the government reaffirms its commitment to growth in public spending, particularly on roads, ports, railways and rural electrification.The government's diplomacy has led to a rise in the country's stature; India's demands for a permanent seat in the UN Security Council and membership of the Nuclear Suppliers Group now appear closer to realization. As the world takes note of India's economic resilience, a gush of foreign investments has been witnessed over the past 24 months. Latest OECD (Organization for Economic Co-operation and Development) statistics show FDI in India grew by 31% in 2015, as compared to a decline in major emerging economies including Brazil, Russia, China, South Africa and Indonesia.Independent surveys suggest an unprecedented climb in foreign inflows which permit tapping potential of key sectors such as insurance, defense, retail trade and pharmaceuticals. In tandem with equity market reforms, the charismatic central bank governor has shown the way for conservative though sensible monetary policy and debt market reforms. The government's bold initiative for liberal foreign borrowing guidelines has allowed wider access to relatively cheaper sources of debt for infrastructure project development, given restricted ability of Indian financial institutions.On structural reforms, a host of legislative and policy reforms with stress on innovation in sectors such as railways, roads, coal and energy seem to be the mantra of Prime Minister Narendra Modi's colleagues. Most recently, enactment of a comprehensive insolvency and bankruptcy law underlines credibility of the government's endeavors to address balance-sheet woes of public sector banks, force delinquent borrowers to rearrange their balance sheets and kick-start stalled projects.What does the author think about Modi administration's performance?a)He thinks that it is not fair to say that the administration has provided a robust economic foundationb)He is critical of the work done by Modi administrationc)He appreciates the work of Modi administrationd)He is neutral towards Modi administration's worke)He is happy about the work done by Modi administrationCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold in the passage to help you locate them while answering some of the questions.As the Modi administration completes two years, it's but fair to say that the government while tempering expectations, realizing the challenges on political and economic fronts, is laying a steady and robust foundation for economic reforms. The Economist aptly sums up the Modi government's achievements by underpinning the fall of "rent-seeking" trends in India's bureaucracy. Improved rating in the 2015 World Bank report and World Economic Forum's index on business competitiveness speak for themselves on achievements thus far. With sustained growth momentum, India is in a sweet spot, pulling its weight to positively influence growth trends in the region, given the slowdown in China.Among crucial achievements, a proactive foreign diplomacy, unprecedented emphasis on attracting FDI (foreign direct investment) and foreign institutional portfolio investors without endangering prospects of a "Make-in-India" pitch, progressive legislation and decisive executive actions stand out. Macroeconomic indicators project a clearer picture on fiscal discipline, with short-to-medium term GDP growth strategy range-bound between 7.5-8%. Structural reforms in the form of subsidy management and distribution, and social security platforms (Jan Dhan Yojana) combined with financial inclusion will certainly yield long-term results. Steady growth in foreign exchange reserves and benign inflationary trends are encouraging, as the government reaffirms its commitment to growth in public spending, particularly on roads, ports, railways and rural electrification.The government's diplomacy has led to a rise in the country's stature; India's demands for a permanent seat in the UN Security Council and membership of the Nuclear Suppliers Group now appear closer to realization. As the world takes note of India's economic resilience, a gush of foreign investments has been witnessed over the past 24 months. Latest OECD (Organization for Economic Co-operation and Development) statistics show FDI in India grew by 31% in 2015, as compared to a decline in major emerging economies including Brazil, Russia, China, South Africa and Indonesia.Independent surveys suggest an unprecedented climb in foreign inflows which permit tapping potential of key sectors such as insurance, defense, retail trade and pharmaceuticals. In tandem with equity market reforms, the charismatic central bank governor has shown the way for conservative though sensible monetary policy and debt market reforms. The government's bold initiative for liberal foreign borrowing guidelines has allowed wider access to relatively cheaper sources of debt for infrastructure project development, given restricted ability of Indian financial institutions.On structural reforms, a host of legislative and policy reforms with stress on innovation in sectors such as railways, roads, coal and energy seem to be the mantra of Prime Minister Narendra Modi's colleagues. Most recently, enactment of a comprehensive insolvency and bankruptcy law underlines credibility of the government's endeavors to address balance-sheet woes of public sector banks, force delinquent borrowers to rearrange their balance sheets and kick-start stalled projects.What does the author think about Modi administration's performance?a)He thinks that it is not fair to say that the administration has provided a robust economic foundationb)He is critical of the work done by Modi administrationc)He appreciates the work of Modi administrationd)He is neutral towards Modi administration's worke)He is happy about the work done by Modi administrationCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold in the passage to help you locate them while answering some of the questions.As the Modi administration completes two years, it's but fair to say that the government while tempering expectations, realizing the challenges on political and economic fronts, is laying a steady and robust foundation for economic reforms. The Economist aptly sums up the Modi government's achievements by underpinning the fall of "rent-seeking" trends in India's bureaucracy. Improved rating in the 2015 World Bank report and World Economic Forum's index on business competitiveness speak for themselves on achievements thus far. With sustained growth momentum, India is in a sweet spot, pulling its weight to positively influence growth trends in the region, given the slowdown in China.Among crucial achievements, a proactive foreign diplomacy, unprecedented emphasis on attracting FDI (foreign direct investment) and foreign institutional portfolio investors without endangering prospects of a "Make-in-India" pitch, progressive legislation and decisive executive actions stand out. Macroeconomic indicators project a clearer picture on fiscal discipline, with short-to-medium term GDP growth strategy range-bound between 7.5-8%. Structural reforms in the form of subsidy management and distribution, and social security platforms (Jan Dhan Yojana) combined with financial inclusion will certainly yield long-term results. Steady growth in foreign exchange reserves and benign inflationary trends are encouraging, as the government reaffirms its commitment to growth in public spending, particularly on roads, ports, railways and rural electrification.The government's diplomacy has led to a rise in the country's stature; India's demands for a permanent seat in the UN Security Council and membership of the Nuclear Suppliers Group now appear closer to realization. As the world takes note of India's economic resilience, a gush of foreign investments has been witnessed over the past 24 months. Latest OECD (Organization for Economic Co-operation and Development) statistics show FDI in India grew by 31% in 2015, as compared to a decline in major emerging economies including Brazil, Russia, China, South Africa and Indonesia.Independent surveys suggest an unprecedented climb in foreign inflows which permit tapping potential of key sectors such as insurance, defense, retail trade and pharmaceuticals. In tandem with equity market reforms, the charismatic central bank governor has shown the way for conservative though sensible monetary policy and debt market reforms. The government's bold initiative for liberal foreign borrowing guidelines has allowed wider access to relatively cheaper sources of debt for infrastructure project development, given restricted ability of Indian financial institutions.On structural reforms, a host of legislative and policy reforms with stress on innovation in sectors such as railways, roads, coal and energy seem to be the mantra of Prime Minister Narendra Modi's colleagues. Most recently, enactment of a comprehensive insolvency and bankruptcy law underlines credibility of the government's endeavors to address balance-sheet woes of public sector banks, force delinquent borrowers to rearrange their balance sheets and kick-start stalled projects.What does the author think about Modi administration's performance?a)He thinks that it is not fair to say that the administration has provided a robust economic foundationb)He is critical of the work done by Modi administrationc)He appreciates the work of Modi administrationd)He is neutral towards Modi administration's worke)He is happy about the work done by Modi administrationCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold in the passage to help you locate them while answering some of the questions.As the Modi administration completes two years, it's but fair to say that the government while tempering expectations, realizing the challenges on political and economic fronts, is laying a steady and robust foundation for economic reforms. The Economist aptly sums up the Modi government's achievements by underpinning the fall of "rent-seeking" trends in India's bureaucracy. Improved rating in the 2015 World Bank report and World Economic Forum's index on business competitiveness speak for themselves on achievements thus far. With sustained growth momentum, India is in a sweet spot, pulling its weight to positively influence growth trends in the region, given the slowdown in China.Among crucial achievements, a proactive foreign diplomacy, unprecedented emphasis on attracting FDI (foreign direct investment) and foreign institutional portfolio investors without endangering prospects of a "Make-in-India" pitch, progressive legislation and decisive executive actions stand out. Macroeconomic indicators project a clearer picture on fiscal discipline, with short-to-medium term GDP growth strategy range-bound between 7.5-8%. Structural reforms in the form of subsidy management and distribution, and social security platforms (Jan Dhan Yojana) combined with financial inclusion will certainly yield long-term results. Steady growth in foreign exchange reserves and benign inflationary trends are encouraging, as the government reaffirms its commitment to growth in public spending, particularly on roads, ports, railways and rural electrification.The government's diplomacy has led to a rise in the country's stature; India's demands for a permanent seat in the UN Security Council and membership of the Nuclear Suppliers Group now appear closer to realization. As the world takes note of India's economic resilience, a gush of foreign investments has been witnessed over the past 24 months. Latest OECD (Organization for Economic Co-operation and Development) statistics show FDI in India grew by 31% in 2015, as compared to a decline in major emerging economies including Brazil, Russia, China, South Africa and Indonesia.Independent surveys suggest an unprecedented climb in foreign inflows which permit tapping potential of key sectors such as insurance, defense, retail trade and pharmaceuticals. In tandem with equity market reforms, the charismatic central bank governor has shown the way for conservative though sensible monetary policy and debt market reforms. The government's bold initiative for liberal foreign borrowing guidelines has allowed wider access to relatively cheaper sources of debt for infrastructure project development, given restricted ability of Indian financial institutions.On structural reforms, a host of legislative and policy reforms with stress on innovation in sectors such as railways, roads, coal and energy seem to be the mantra of Prime Minister Narendra Modi's colleagues. Most recently, enactment of a comprehensive insolvency and bankruptcy law underlines credibility of the government's endeavors to address balance-sheet woes of public sector banks, force delinquent borrowers to rearrange their balance sheets and kick-start stalled projects.What does the author think about Modi administration's performance?a)He thinks that it is not fair to say that the administration has provided a robust economic foundationb)He is critical of the work done by Modi administrationc)He appreciates the work of Modi administrationd)He is neutral towards Modi administration's worke)He is happy about the work done by Modi administrationCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold in the passage to help you locate them while answering some of the questions.As the Modi administration completes two years, it's but fair to say that the government while tempering expectations, realizing the challenges on political and economic fronts, is laying a steady and robust foundation for economic reforms. The Economist aptly sums up the Modi government's achievements by underpinning the fall of "rent-seeking" trends in India's bureaucracy. Improved rating in the 2015 World Bank report and World Economic Forum's index on business competitiveness speak for themselves on achievements thus far. With sustained growth momentum, India is in a sweet spot, pulling its weight to positively influence growth trends in the region, given the slowdown in China.Among crucial achievements, a proactive foreign diplomacy, unprecedented emphasis on attracting FDI (foreign direct investment) and foreign institutional portfolio investors without endangering prospects of a "Make-in-India" pitch, progressive legislation and decisive executive actions stand out. Macroeconomic indicators project a clearer picture on fiscal discipline, with short-to-medium term GDP growth strategy range-bound between 7.5-8%. Structural reforms in the form of subsidy management and distribution, and social security platforms (Jan Dhan Yojana) combined with financial inclusion will certainly yield long-term results. Steady growth in foreign exchange reserves and benign inflationary trends are encouraging, as the government reaffirms its commitment to growth in public spending, particularly on roads, ports, railways and rural electrification.The government's diplomacy has led to a rise in the country's stature; India's demands for a permanent seat in the UN Security Council and membership of the Nuclear Suppliers Group now appear closer to realization. As the world takes note of India's economic resilience, a gush of foreign investments has been witnessed over the past 24 months. Latest OECD (Organization for Economic Co-operation and Development) statistics show FDI in India grew by 31% in 2015, as compared to a decline in major emerging economies including Brazil, Russia, China, South Africa and Indonesia.Independent surveys suggest an unprecedented climb in foreign inflows which permit tapping potential of key sectors such as insurance, defense, retail trade and pharmaceuticals. In tandem with equity market reforms, the charismatic central bank governor has shown the way for conservative though sensible monetary policy and debt market reforms. The government's bold initiative for liberal foreign borrowing guidelines has allowed wider access to relatively cheaper sources of debt for infrastructure project development, given restricted ability of Indian financial institutions.On structural reforms, a host of legislative and policy reforms with stress on innovation in sectors such as railways, roads, coal and energy seem to be the mantra of Prime Minister Narendra Modi's colleagues. Most recently, enactment of a comprehensive insolvency and bankruptcy law underlines credibility of the government's endeavors to address balance-sheet woes of public sector banks, force delinquent borrowers to rearrange their balance sheets and kick-start stalled projects.What does the author think about Modi administration's performance?a)He thinks that it is not fair to say that the administration has provided a robust economic foundationb)He is critical of the work done by Modi administrationc)He appreciates the work of Modi administrationd)He is neutral towards Modi administration's worke)He is happy about the work done by Modi administrationCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold in the passage to help you locate them while answering some of the questions.As the Modi administration completes two years, it's but fair to say that the government while tempering expectations, realizing the challenges on political and economic fronts, is laying a steady and robust foundation for economic reforms. The Economist aptly sums up the Modi government's achievements by underpinning the fall of "rent-seeking" trends in India's bureaucracy. Improved rating in the 2015 World Bank report and World Economic Forum's index on business competitiveness speak for themselves on achievements thus far. With sustained growth momentum, India is in a sweet spot, pulling its weight to positively influence growth trends in the region, given the slowdown in China.Among crucial achievements, a proactive foreign diplomacy, unprecedented emphasis on attracting FDI (foreign direct investment) and foreign institutional portfolio investors without endangering prospects of a "Make-in-India" pitch, progressive legislation and decisive executive actions stand out. Macroeconomic indicators project a clearer picture on fiscal discipline, with short-to-medium term GDP growth strategy range-bound between 7.5-8%. Structural reforms in the form of subsidy management and distribution, and social security platforms (Jan Dhan Yojana) combined with financial inclusion will certainly yield long-term results. Steady growth in foreign exchange reserves and benign inflationary trends are encouraging, as the government reaffirms its commitment to growth in public spending, particularly on roads, ports, railways and rural electrification.The government's diplomacy has led to a rise in the country's stature; India's demands for a permanent seat in the UN Security Council and membership of the Nuclear Suppliers Group now appear closer to realization. As the world takes note of India's economic resilience, a gush of foreign investments has been witnessed over the past 24 months. Latest OECD (Organization for Economic Co-operation and Development) statistics show FDI in India grew by 31% in 2015, as compared to a decline in major emerging economies including Brazil, Russia, China, South Africa and Indonesia.Independent surveys suggest an unprecedented climb in foreign inflows which permit tapping potential of key sectors such as insurance, defense, retail trade and pharmaceuticals. In tandem with equity market reforms, the charismatic central bank governor has shown the way for conservative though sensible monetary policy and debt market reforms. The government's bold initiative for liberal foreign borrowing guidelines has allowed wider access to relatively cheaper sources of debt for infrastructure project development, given restricted ability of Indian financial institutions.On structural reforms, a host of legislative and policy reforms with stress on innovation in sectors such as railways, roads, coal and energy seem to be the mantra of Prime Minister Narendra Modi's colleagues. Most recently, enactment of a comprehensive insolvency and bankruptcy law underlines credibility of the government's endeavors to address balance-sheet woes of public sector banks, force delinquent borrowers to rearrange their balance sheets and kick-start stalled projects.What does the author think about Modi administration's performance?a)He thinks that it is not fair to say that the administration has provided a robust economic foundationb)He is critical of the work done by Modi administrationc)He appreciates the work of Modi administrationd)He is neutral towards Modi administration's worke)He is happy about the work done by Modi administrationCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold in the passage to help you locate them while answering some of the questions.As the Modi administration completes two years, it's but fair to say that the government while tempering expectations, realizing the challenges on political and economic fronts, is laying a steady and robust foundation for economic reforms. The Economist aptly sums up the Modi government's achievements by underpinning the fall of "rent-seeking" trends in India's bureaucracy. Improved rating in the 2015 World Bank report and World Economic Forum's index on business competitiveness speak for themselves on achievements thus far. With sustained growth momentum, India is in a sweet spot, pulling its weight to positively influence growth trends in the region, given the slowdown in China.Among crucial achievements, a proactive foreign diplomacy, unprecedented emphasis on attracting FDI (foreign direct investment) and foreign institutional portfolio investors without endangering prospects of a "Make-in-India" pitch, progressive legislation and decisive executive actions stand out. Macroeconomic indicators project a clearer picture on fiscal discipline, with short-to-medium term GDP growth strategy range-bound between 7.5-8%. Structural reforms in the form of subsidy management and distribution, and social security platforms (Jan Dhan Yojana) combined with financial inclusion will certainly yield long-term results. Steady growth in foreign exchange reserves and benign inflationary trends are encouraging, as the government reaffirms its commitment to growth in public spending, particularly on roads, ports, railways and rural electrification.The government's diplomacy has led to a rise in the country's stature; India's demands for a permanent seat in the UN Security Council and membership of the Nuclear Suppliers Group now appear closer to realization. As the world takes note of India's economic resilience, a gush of foreign investments has been witnessed over the past 24 months. Latest OECD (Organization for Economic Co-operation and Development) statistics show FDI in India grew by 31% in 2015, as compared to a decline in major emerging economies including Brazil, Russia, China, South Africa and Indonesia.Independent surveys suggest an unprecedented climb in foreign inflows which permit tapping potential of key sectors such as insurance, defense, retail trade and pharmaceuticals. In tandem with equity market reforms, the charismatic central bank governor has shown the way for conservative though sensible monetary policy and debt market reforms. The government's bold initiative for liberal foreign borrowing guidelines has allowed wider access to relatively cheaper sources of debt for infrastructure project development, given restricted ability of Indian financial institutions.On structural reforms, a host of legislative and policy reforms with stress on innovation in sectors such as railways, roads, coal and energy seem to be the mantra of Prime Minister Narendra Modi's colleagues. Most recently, enactment of a comprehensive insolvency and bankruptcy law underlines credibility of the government's endeavors to address balance-sheet woes of public sector banks, force delinquent borrowers to rearrange their balance sheets and kick-start stalled projects.What does the author think about Modi administration's performance?a)He thinks that it is not fair to say that the administration has provided a robust economic foundationb)He is critical of the work done by Modi administrationc)He appreciates the work of Modi administrationd)He is neutral towards Modi administration's worke)He is happy about the work done by Modi administrationCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold in the passage to help you locate them while answering some of the questions.As the Modi administration completes two years, it's but fair to say that the government while tempering expectations, realizing the challenges on political and economic fronts, is laying a steady and robust foundation for economic reforms. The Economist aptly sums up the Modi government's achievements by underpinning the fall of "rent-seeking" trends in India's bureaucracy. Improved rating in the 2015 World Bank report and World Economic Forum's index on business competitiveness speak for themselves on achievements thus far. With sustained growth momentum, India is in a sweet spot, pulling its weight to positively influence growth trends in the region, given the slowdown in China.Among crucial achievements, a proactive foreign diplomacy, unprecedented emphasis on attracting FDI (foreign direct investment) and foreign institutional portfolio investors without endangering prospects of a "Make-in-India" pitch, progressive legislation and decisive executive actions stand out. Macroeconomic indicators project a clearer picture on fiscal discipline, with short-to-medium term GDP growth strategy range-bound between 7.5-8%. Structural reforms in the form of subsidy management and distribution, and social security platforms (Jan Dhan Yojana) combined with financial inclusion will certainly yield long-term results. Steady growth in foreign exchange reserves and benign inflationary trends are encouraging, as the government reaffirms its commitment to growth in public spending, particularly on roads, ports, railways and rural electrification.The government's diplomacy has led to a rise in the country's stature; India's demands for a permanent seat in the UN Security Council and membership of the Nuclear Suppliers Group now appear closer to realization. As the world takes note of India's economic resilience, a gush of foreign investments has been witnessed over the past 24 months. Latest OECD (Organization for Economic Co-operation and Development) statistics show FDI in India grew by 31% in 2015, as compared to a decline in major emerging economies including Brazil, Russia, China, South Africa and Indonesia.Independent surveys suggest an unprecedented climb in foreign inflows which permit tapping potential of key sectors such as insurance, defense, retail trade and pharmaceuticals. In tandem with equity market reforms, the charismatic central bank governor has shown the way for conservative though sensible monetary policy and debt market reforms. The government's bold initiative for liberal foreign borrowing guidelines has allowed wider access to relatively cheaper sources of debt for infrastructure project development, given restricted ability of Indian financial institutions.On structural reforms, a host of legislative and policy reforms with stress on innovation in sectors such as railways, roads, coal and energy seem to be the mantra of Prime Minister Narendra Modi's colleagues. Most recently, enactment of a comprehensive insolvency and bankruptcy law underlines credibility of the government's endeavors to address balance-sheet woes of public sector banks, force delinquent borrowers to rearrange their balance sheets and kick-start stalled projects.What does the author think about Modi administration's performance?a)He thinks that it is not fair to say that the administration has provided a robust economic foundationb)He is critical of the work done by Modi administrationc)He appreciates the work of Modi administrationd)He is neutral towards Modi administration's worke)He is happy about the work done by Modi administrationCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold in the passage to help you locate them while answering some of the questions.As the Modi administration completes two years, it's but fair to say that the government while tempering expectations, realizing the challenges on political and economic fronts, is laying a steady and robust foundation for economic reforms. The Economist aptly sums up the Modi government's achievements by underpinning the fall of "rent-seeking" trends in India's bureaucracy. Improved rating in the 2015 World Bank report and World Economic Forum's index on business competitiveness speak for themselves on achievements thus far. With sustained growth momentum, India is in a sweet spot, pulling its weight to positively influence growth trends in the region, given the slowdown in China.Among crucial achievements, a proactive foreign diplomacy, unprecedented emphasis on attracting FDI (foreign direct investment) and foreign institutional portfolio investors without endangering prospects of a "Make-in-India" pitch, progressive legislation and decisive executive actions stand out. Macroeconomic indicators project a clearer picture on fiscal discipline, with short-to-medium term GDP growth strategy range-bound between 7.5-8%. Structural reforms in the form of subsidy management and distribution, and social security platforms (Jan Dhan Yojana) combined with financial inclusion will certainly yield long-term results. Steady growth in foreign exchange reserves and benign inflationary trends are encouraging, as the government reaffirms its commitment to growth in public spending, particularly on roads, ports, railways and rural electrification.The government's diplomacy has led to a rise in the country's stature; India's demands for a permanent seat in the UN Security Council and membership of the Nuclear Suppliers Group now appear closer to realization. As the world takes note of India's economic resilience, a gush of foreign investments has been witnessed over the past 24 months. Latest OECD (Organization for Economic Co-operation and Development) statistics show FDI in India grew by 31% in 2015, as compared to a decline in major emerging economies including Brazil, Russia, China, South Africa and Indonesia.Independent surveys suggest an unprecedented climb in foreign inflows which permit tapping potential of key sectors such as insurance, defense, retail trade and pharmaceuticals. In tandem with equity market reforms, the charismatic central bank governor has shown the way for conservative though sensible monetary policy and debt market reforms. The government's bold initiative for liberal foreign borrowing guidelines has allowed wider access to relatively cheaper sources of debt for infrastructure project development, given restricted ability of Indian financial institutions.On structural reforms, a host of legislative and policy reforms with stress on innovation in sectors such as railways, roads, coal and energy seem to be the mantra of Prime Minister Narendra Modi's colleagues. Most recently, enactment of a comprehensive insolvency and bankruptcy law underlines credibility of the government's endeavors to address balance-sheet woes of public sector banks, force delinquent borrowers to rearrange their balance sheets and kick-start stalled projects.What does the author think about Modi administration's performance?a)He thinks that it is not fair to say that the administration has provided a robust economic foundationb)He is critical of the work done by Modi administrationc)He appreciates the work of Modi administrationd)He is neutral towards Modi administration's worke)He is happy about the work done by Modi administrationCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.