Direction.
DIRECTIONS (Qs. 106-110) : Read the following passage carefully and answer the questions given below it.
The alarm bells should start ringing any time now. An important component of the economy has been sinking and needs to be rescued urgently. This critical piece is savings and, within this overall head, household savings is the one critical subcomponent that needs close watching and nurturing.
While it is true that one of the primary reasons behind the current economic slowdown is the tardy rate of capital expansion - or, investment in infrastructure as well as plant and machinery - all attempts to stimulate investment activity are likely to come to naught if savings do not grow. Without any growth in the savings rate, it is futile to think of any spurt in investment and, consequently, in the overall economic growth. If we source all the investment funding from overseas, it might be plausible to contemplate investment growth without any corresponding rise in savings rate. But that is unlikely to happen.
Within the overall savings universe, the subcomponent household savings is most critical. It provides the bulk of savings in the economy, with private corporate savings and government saving contributing the balance. The worrying factor is the nearstagnation in household savings over the last eight years or so. Whats even more disconcerting is the fact that household savings remained almost flat during the go-go years of 2004-08.
This seems to be counter-factual. There are many studies that show that there is a direct relationship between overall economic growth and household savings. So, at a time when Indias GDP was growing by over 9% every year, the household savings rate stayed almost constant at close to 23% of GDP. There was, of course, an increase in absolute terms, but it remained somewhat fixed as a proportion of GDP.
What is responsible for this contradictory movement? The sub-group on household savings, formed by the working group on savings for the 12th Plan set up by the Planning Commission and chaired by RBI deputy governor SubirGokarn, has this to say, ...a recent study had attributed the decline in the household saving ratio in the UK during 1995-2007 to a host of factors such as declining real interest rates, looser credit conditions, increase in asset prices and greater macroeconomic stability.
While recognising that one of the key differences in the evolving household saving scenario between the UK and India is the impact of demographics (dependency ratio), anecdotal evidence on increasing consumerism and the entrenchment of (urban) lifestyles in India, apart from the easier availability of credit and improvement in overall macroeconomic conditions, is perhaps indicative of some drag on household saving over the last few years as well as going forward. India has another facet: a penchant for physical assets (such as bullion or land). After the monsoon failure of 2009, and the attendant rise in price levels that has now become somewhat deeply entrenched, Indians have been stocking up on gold. Consequently, savings in financial instruments dropped while those in physical assets shot up. This is also disquieting for policy planners because savings in physical assets stay locked in and are unavailable to the economy for investment activity. There is a counter view that higher economic growth does not necessarily lead to higher savings. According to a paper published by Ramesh Jangili (Reserve Bank of India Occasional Papers, Summer 2011), while economic growth doesnt inevitably lead to higher savings, the reciprocal causality does hold true. It is empirically evident that the direction of causality is from saving and investment to economic growth collectively as well as individually and there is no causality from economic growth to saving and (or) investment.
Whichever camp you belong to, it is beyond doubt that savings growth is a necessary precondition for promoting economic growth. The Planning Commission estimates that an investment of $1 trillion, or over 50 lakh crore, will be required for the infrastructure sector alone. And, a large part of this critical investment will have to be made from domestic savings.
Increasing consumerism
Entrenchment of urban lifestyle
Easier availability of credit
All the above
D. All the above
India recently ratified the Paris Agreement, assuring it a seat at the 55/55 table
ratification by at least 55 countries and accounting for at least 55% of global greenhouse gas (GHG) emissions was required for the agreement to come into force
where countries will negotiate the mechanisms and provisions under the agreement.
There are certain targets India wants to achieve and to achieve that there is a need to allocate mitigating burden among states and also prioritize adaptation efforts.
Varun Singh Bhati
Deepa Malik
Amit Kumar Saroha
Devendra Jhajaria
5.5%
9.5%
7.5%
6.5%
Glutton
Postulant
Shrink
Pluck
Rajni Kant
Aamir Khan
Manoj Bajpayee
Anupam Kher
16.25
19.25
18.25
17.25
If you try to understand the concept in the class you will not only remember it but also will not be able to put to use while solving even the difficult exercises.
If you tried to understand the concept of the whole class, you will not only remember it, but also can put to use while solving even the difficult exercises.
If you tried to understand the concept in the class, you would not only remember it but also can put it to use while solving even the difficult exercises.
If you tried to understand the concept in the class, you would not only remember it but also could put it to use while solving even the difficult exercises.
Four
Three
Two
Five
If only course of action I follows
If only course of action II follows
If either course of action I or II follows.
If neither course of action I nor II follows.
Fourth
Third
Ninth
Fifth
5506
4756
5786
5686
If only course of action I follows
If only course of action II follows
If either course of action I or II follows.
If neither course of action I nor II follows.
Nasik
Dewas
Mysuru
Noida
Only (A)
Only (C)
Only (A) and (C)
All (A), (B) and (C)
Only (C)
Only (B)
Only (A)
Either (A) or (B)
45%
35%
25%
None of these
MSD and P.V. Sindhu are immediate neighbours of Sardana Singh
Only two people sit between Sardana Singh and P.V. Sindhu
Sardana Singh is an immediate neighbour of the person who faces Dipa Karmakar
Sardana Singh sits second to left of MSD
Gujarat Institute of Fashion Technology
Government of India Foreign Trade
Gapping Income Free Of Tax
Gujarat International Financial Tech
42
34
31
22
UPS
API
CGI
J2EE
its destructive allocation impact on the industries that were lately coming up.
its negative impact on the rich and high-profile people.
its adverse distributional impact on the poor, people without social security and pensioners.
its unfavourable bearing on day to day commodities that are used by the common man.
Slide Sorter
Slide Master
Handout Master
Slide Header
Cupcake
Alpha
Gingerbread
Doughnut
x > y
x < y
x >= y
x <= y
Corporate Social Responsibility has entered Indias legal corridors.
Given the need for proper legal help for a diverse section of society even the PM, in his address at the Bar Councils centenary celebrations earlier this year, urged lawyers to take on more pro bono cases.
Top law firms and lawyers are doing pro bono so that they can give back to society.
In India, traditionally, pro bono legal work was carried out by lawyers who had dedicated themselves to helping society.
1/5225
1/5525
5525
1/525
11417
11490
12476
10976
Tihane-2
SunwayTaihu Light
Watson
Shasra-T
simpler, running in
faster, voting through
easier, running for
fool proof, voting on