The cascading effect of economic slowdown (a) / has brought a much unnerving gloom (b) / to the real estate industry last year (c) / but the industry is looking up this year (d) / No error (e)a)The cascading effect of economic slowdownb)has brought a much unnerving gloomc)to the real estate industry last yeard)but the industry is looking up this yeare)No errorCorrect answer is option 'B'. Can you explain this answer?

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The cascading effect of economic slowdown (a) / has brought a much unnerving gloom (b) / to the real estate industry last year (c) / but the industry is looking up this year (d) / No error (e)

a)
The cascading effect of economic slowdown
b)
has brought a much unnerving gloom
c)
to the real estate industry last year
d)
but the industry is looking up this year
e)
No error

Correct answer is option 'B'. Can you explain this answer?

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The cascading effect of economic slowdown (a) / has brought a much unn...

The correct option is B.
‘Has’ should be removed from the sentence.

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The cascading effect of economic slowdown (a) / has brought a much unn...

Error Spotting:

The sentence talks about the impact of the economic slowdown on the real estate industry. It states that the industry faced a gloomy situation last year due to the cascading effect of the economic slowdown. However, it is looking up this year.

The error in the sentence is in part (b), which states "has brought a much unnerving gloom." The word "much" is not required in the sentence. The correct word to be used here is "unprecedented" instead of "much."

Correct Sentence: The cascading effect of economic slowdown has brought an unprecedented gloom to the real estate industry last year, but the industry is looking up this year.

Explanation:

The sentence talks about the impact of the economic slowdown on the real estate industry. The cascading effect of the economic slowdown has resulted in a negative impact on the industry. The industry faced a gloomy situation last year due to this effect. However, this year, the industry is looking up.

The error in the sentence is the usage of the word "much" in part (b). The word "much" is not required in the sentence. Instead, the word "unprecedented" can be used to convey the same meaning. The usage of the word "unprecedented" signifies that the industry has never faced such a situation before. The rest of the sentence is grammatically correct.

Hence, the corrected sentence is: The cascading effect of economic slowdown has brought an unprecedented gloom to the real estate industry last year, but the industry is looking up this year.

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India’s balance of payments is back in surplus. Important as this development has been in the management of the external economy, it is unwise to exaggerate its significance. The level of deficit is still way above what is considered prudent and manageable. Besides, the fall in the Current Account Deficit (CAD) is due to all the wrong reasons — falling imports that corroborate the slowdown, and decelerating exports. The outlook for software export earnings is not bright amidst the global slowdown. Expressed as a percentage of GDP, the CAD has fallen from 4.5 per cent to 3.9 per cent. Most experts have projected the CAD for 2012-13 at 3.5 per cent or lower, on the basis of certain key assumptions: that the economy will grow at a reasonably fast clip of around 6.5 per cent; oil prices will not go very much higher than current levels of around $100 a barrel; and most important of all, the actions of the European Central Bank and the Federal Reserve will help in bringing economic growth in Europe and the U.S. back on track. The last point will have an all-round bearing on India’s external economy. It could help India’s faltering exports regain traction. Second, there would be far less uncertainty on the movement of capital flows to India.There is of course a flip side to all of this. India’s growth has already slipped by most accounts to below five per cent. The cheap money policy of the Federal Reserve will boost inflation worldwide. Although it is customary to view the CAD on a par with the fiscal deficit — the menace of twin deficits as they are usually referred to — it is the latter that has received greater attention. Besides, the government seems determined to adopt questionable means to finance the deficit rather than be proactive in reining it in. For instance, recent announcements to ease external commercial borrowings and encourage capital market flows from abroad might have had the intended effect of boosting stock prices. But these are not sound policies from the point of view of the macroeconomy.Encouraging foreign currency borrowing to take advantage of the surfeit of funds circulating abroad is hardly the right strategy for an economy whose level of short-term debt has been rising and exchange reserves falling.Q. Why does the author feel that it is too early to place a positive significance on the surplus balance of payments?

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India’s balance of payments is back in surplus. Important as this development has been in the management of the external economy, it is unwise to exaggerate its significance. The level of deficit is still way above what is considered prudent and manageable. Besides, the fall in the Current Account Deficit (CAD) is due to all the wrong reasons — falling imports that corroborate the slowdown, and decelerating exports. The outlook for software export earnings is not bright amidst the global slowdown. Expressed as a percentage of GDP, the CAD has fallen from 4.5 per cent to 3.9 per cent. Most experts have projected the CAD for 2012-13 at 3.5 per cent or lower, on the basis of certain key assumptions: that the economy will grow at a reasonably fast clip of around 6.5 per cent; oil prices will not go very much higher than current levels of around $100 a barrel; and most important of all, the actions of the European Central Bank and the Federal Reserve will help in bringing economic growth in Europe and the U.S. back on track. The last point will have an all-round bearing on India’s external economy. It could help India’s faltering exports regain traction. Second, there would be far less uncertainty on the movement of capital flows to India.There is of course a flip side to all of this. India’s growth has already slipped by most accounts to below five per cent. The cheap money policy of the Federal Reserve will boost inflation worldwide. Although it is customary to view the CAD on a par with the fiscal deficit — the menace of twin deficits as they are usually referred to — it is the latter that has received greater attention. Besides, the government seems determined to adopt questionable means to finance the deficit rather than be proactive in reining it in. For instance, recent announcements to ease external commercial borrowings and encourage capital market flows from abroad might have had the intended effect of boosting stock prices. But these are not sound policies from the point of view of the macroeconomy.Encouraging foreign currency borrowing to take advantage of the surfeit of funds circulating abroad is hardly the right strategy for an economy whose level of short-term debt has been rising and exchange reserves falling.Q. Consider the following statements: 1. India’s growth has slipped below five percent in most areas. 2. Presently, India’s balance of payment is in surplus.According to the above passage, which of the statements is/are valid?

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India’s balance of payments is back in surplus. Important as this development has been in the management of the external economy, it is unwise to exaggerate its significance. The level of deficit is still way above what is considered prudent and manageable. Besides, the fall in the Current Account Deficit (CAD) is due to all the wrong reasons — falling imports that corroborate the slowdown, and decelerating exports. The outlook for software export earnings is not bright amidst the global slowdown. Expressed as a percentage of GDP, the CAD has fallen from 4.5 per cent to 3.9 per cent. Most experts have projected the CAD for 2012-13 at 3.5 per cent or lower, on the basis of certain key assumptions: that the economy will grow at a reasonably fast clip of around 6.5 per cent; oil prices will not go very much higher than current levels of around $100 a barrel; and most important of all, the actions of the European Central Bank and the Federal Reserve will help in bringing economic growth in Europe and the U.S. back on track. The last point will have an all-round bearing on India’s external economy. It could help India’s faltering exports regain traction. Second, there would be far less uncertainty on the movement of capital flows to India.There is of course a flip side to all of this. India’s growth has already slipped by most accounts to below five per cent. The cheap money policy of the Federal Reserve will boost inflation worldwide. Although it is customary to view the CAD on a par with the fiscal deficit — the menace of twin deficits as they are usually referred to — it is the latter that has received greater attention. Besides, the government seems determined to adopt questionable means to finance the deficit rather than be proactive in reining it in. For instance, recent announcements to ease external commercial borrowings and encourage capital market flows from abroad might have had the intended effect of boosting stock prices. But these are not sound policies from the point of view of the macroeconomy. Encouraging foreign currency borrowing to take advantage of the surfeit of funds circulating abroad is hardly the right strategy for an economy whose level of short-term debt has been rising and exchange reserves falling.Which of the following options has/have not been taken into account while projecting the current account deficit for 2012-2013?1. The rate of growth of the economy will occur at much more than 6.5 per cent.2. The European Central Bank’s measures will bring in positive economic change in Europe.3. Oil prices will finally settle at a higher rate than the current $100 per barrel.With reference to the above passage which of the given statements is/are valid?

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India’s balance of payments is back in surplus. Important as this development has been in the management of the external economy, it is unwise to exaggerate its significance. The level of deficit is still way above what is considered prudent and manageable. Besides, the fall in the Current Account Deficit (CAD) is due to all the wrong reasons — falling imports that corroborate the slowdown, and decelerating exports. The outlook for software export earnings is not bright amidst the global slowdown. Expressed as a percentage of GDP, the CAD has fallen from 4.5 per cent to 3.9 per cent. Most experts have projected the CAD for 2012-13 at 3.5 per cent or lower, on the basis of certain key assumptions: that the economy will grow at a reasonably fast clip of around 6.5 per cent; oil prices will not go very much higher than current levels of around $100 a barrel; and most important of all, the actions of the European Central Bank and the Federal Reserve will help in bringing economic growth in Europe and the U.S. back on track. The last point will have an all-round bearing on India’s external economy. It could help India’s faltering exports regain traction. Second, there would be far less uncertainty on the movement of capital flows to India.There is of course a flip side to all of this. India’s growth has already slipped by most accounts to below five per cent. The cheap money policy of the Federal Reserve will boost inflation worldwide. Although it is customary to view the CAD on a par with the fiscal deficit — the menace of twin deficits as they are usually referred to — it is the latter that has received greater attention. Besides, the government seems determined to adopt questionable means to finance the deficit rather than be proactive in reining it in. For instance, recent announcements to ease external commercial borrowings and encourage capital market flows from abroad might have had the intended effect of boosting stock prices. But these are not sound policies from the point of view of the macroeconomy.Encouraging foreign currency borrowing to take advantage of the surfeit of funds circulating abroad is hardly the right strategy for an economy whose level of short-term debt has been rising and exchange reserves falling.Q. Which of the following has not been mentioned as an incorrect strategy in the current economy?

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The cascading effect of economic slowdown (a) / has brought a much unnerving gloom (b) / to the real estate industry last year (c) / but the industry is looking up this year (d) / No error (e)a)The cascading effect of economic slowdownb)has brought a much unnerving gloomc)to the real estate industry last yeard)but the industry is looking up this yeare)No errorCorrect answer is option 'B'. Can you explain this answer?

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The cascading effect of economic slowdown (a) / has brought a much unnerving gloom (b) / to the real estate industry last year (c) / but the industry is looking up this year (d) / No error (e)a)The cascading effect of economic slowdownb)has brought a much unnerving gloomc)to the real estate industry last yeard)but the industry is looking up this yeare)No errorCorrect answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about The cascading effect of economic slowdown (a) / has brought a much unnerving gloom (b) / to the real estate industry last year (c) / but the industry is looking up this year (d) / No error (e)a)The cascading effect of economic slowdownb)has brought a much unnerving gloomc)to the real estate industry last yeard)but the industry is looking up this yeare)No errorCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The cascading effect of economic slowdown (a) / has brought a much unnerving gloom (b) / to the real estate industry last year (c) / but the industry is looking up this year (d) / No error (e)a)The cascading effect of economic slowdownb)has brought a much unnerving gloomc)to the real estate industry last yeard)but the industry is looking up this yeare)No errorCorrect answer is option 'B'. Can you explain this answer?.

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