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Directions: Kindly read the passage carefully and answer the questions given beside.
India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.
The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.
Q. What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?
  • a)
    The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.
  • b)
    The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.
  • c)
    Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.
  • d)
    Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Directions: Kindly read the passage carefully and answer the questions...
The underlying assumption in the statement that the creation of international fintech bridges have helped to ease cross border friction and support businesses to scale up is that cross-border friction and lack of support have been a significant hindrance to the growth of fintech businesses. Option C correctly captures this assumption by highlighting that the lack of support and cross-border friction have been a significant challenge for fintech businesses.
Option A is a potential weakening statement that suggests that the creation of international fintech bridges may have created additional bureaucracy and red tape. Option B is another weakening statement that suggests that the benefits of the international fintech bridges may be limited to only certain sectors or regions, with businesses in other industries or areas not seeing any real benefit. Option D is also a weakening statement that suggests that while the international fintech bridges may have eased cross-border friction for some businesses, there is no evidence that they have actually led to significant scaling up of these businesses.
Thereby, option C is the correct answer.
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Directions: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. Can you explain this answer?
Question Description
Directions: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. 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: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. 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: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. Can you explain this answer?.
Solutions for Directions: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. 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: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Directions: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Directions: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Kindly read the passage carefully and answer the questions given beside.India has a flourishing fintech ecosystem and the UK’s strength in tech, digital trade and investment provides much scope for collaboration. There are now more than 250,000 operations and technology professionals in India working directly for the UK financial services sector. The creation of international fintech bridges (five currently) have helped to ease cross border friction and support businesses to scale up. Fintech businesses need access to top talent and skills from financial experts to data analysts and this is being enabled by the UK government’s rollout of visas, including the new Scaleup visa and Migration and Mobility partnership with India. As we approach the conclusion of UK-India trade deal talks both UK and Indian businesses need to make commitments that will unlock investment such as greater financial regulatory cooperation, actions to enable smoother digital trade and free flow of data, ease in movement of people, recognition for UK and Indian professional qualifications, and strong investment protection provisions for UK businesses operating in India. Both sides have made great progress in these areas.The UK is the sixth largest investor in India, whilst India stands as the second largest investor in the UK. This investment relationship supports over half a million jobs across both economies. Meanwhile The London Stock Exchange is the leading international listing venue for rupee denominated bonds, having listed 48 bonds which have raised $7.16 billion. At a time when much of the world is seeing the rise of geopolitical tensions, the UK and India have decided to pursue a different path of cooperation, peace and low carbon growth. On green finance, for India to achieve its net zero targets, it will need to unlock the private capital. This is an area where the UK’s world leading expertise in green finance can assist.Q.What is the underlying assumption behind the statement that the establishment of international fintech bridges (currently five) has facilitated the reduction of cross-border obstacles and the promotion of business expansion?a)The establishment of international fintech bridges might have introduced additional bureaucracy and administrative hurdles for businesses to navigate.b)The advantages of international fintech bridges could be confined to specific sectors or geographical areas, with businesses in other industries or regions not experiencing tangible benefits.c)Cross-border frictions and a lack of support have constituted significant impediments to the growth of fintech enterprises.d)Although the international fintech bridges may have alleviated cross-border frictions for some businesses, there is no concrete evidence that they have genuinely led to substantial business expansion.Correct answer is option 'C'. 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