Question
âAccording to the survey the consolidation targets
must be based on optimistic assumptions.â This statement is Read the following passage carefully and answer the questions given below them. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions. The Economic Survey for 2017-18 paints the picture of an economy that gives reason for both optimism and caution. It projects that GDP growth could accelerate to 7-7.5% in 2018-19, from 6.75% in the current fiscal, reinstating India as the worldâs fastest-growing major economy. According to Chief Economic Adviser Arvind Subramanian, the key factors contributing to the positive prognosis  are the reform measures: the July 1 implementation of the Goods and Services Tax and the steps taken to address the twin balance sheet problem in the banking sector. The latter includes the push to use the Insolvency and Bankruptcy Code for debt resolution and the initiative to recapitalize public sector banks. Adding to these domestic enablers are the fair winds of a global recovery that have already lent a lift to overseas demand for Indiaâs goods and services. But capitalizing on these favorable factors while remaining vigilant to other macroeconomic threats, including a key risk in the form of persistently high oil prices, would require exemplary economic stewardship. Among the concerns the CEA has flagged is one relating to what the Survey calls âa classic emerging market âsudden stallâ induced by sharp corrections to elevated stock prices.â With Indian stock indices continuing to soar to new highs on an almost daily basis, the Survey warns against â sanguineness  about its sustainabilityâ. A correction in the stock market, besides triggering capital outflows, could force policymakers to raise interest rates, choking off the nascent recovery.On the fiscal front, the survey contends that the Centre needs to reappraise its priorities. The onus , it argues, has to be squarely placed on establishing and maintaining policy credibility. To this end, it argues against âsetting overly ambitious targets for consolidation, especially in a pre-election yearâ that are based on optimistic and unrealistic assumptions. Instead, it recommends a âmodest consolidationâ that would signal a return to the path of calibrated deficit reductions. In doing so, it appears that the Survey is signaling that the government may have to retain the elbow room to stabilize the GST, complete the recapitalization exercise and, most crucially, support agriculture. Devoting an entire chapter to âClimate, Climate Change and Agricultureâ, the CEA and his team have stressed on the dangers climate change poses to the outlook for farm growth. With the potential to reduce annual agricultural incomes â by as much as 20-25% for unirrigated areas â the Survey calls for a range of mitigation measures including extensive provision of efficient irrigation technologies and a wholesale review of the cereal-centric approach to policy. Citing job creation and education as key priorities, the Survey sets out a plan for rapid economic expansion by recommending that policymakers keep their sights trained on strengthening âthe only two truly sustainable engines â private investment and exports.âSolution
âTo this end, it argues against âsetting overly ambitious targets for consolidation, especially in a pre-election yearâ that are based on optimistic and unrealistic assumptions.â
Pipe âAâ can fill a 180-litre tank in 18 hours. If pipe âAâ is 25% more efficient than pipe âCâ whereas pipe âBâ is 50% more efficient t...
Two pipes P and Q can fill a tank in 48 minutes and 64 minutes respectively. If both the pipes are opened simultaneously, after how much time Q should b...
Two inlet pipes 'A' and 'B' can fill an empty tank in 30 minutes and 40 minutes, respectively. Another outlet pipe 'C' can empty the tank in 120 minutes...
Pipe âAâ can fill a tank in 25 hours whereas leak âAâ can empty it in 30 hours. If they both operate along with pipe âBâ, then the given tan...
Pipe A and Pipe B could fill a tank together in 25 hours and 20 hours respectively, while pipe C could empty it in 10 hours. If both inlet pipes are ope...
A tank can be filled by pipe A in 12 hours and by pipe B in 18 hours. A waste pipe C can empty the full tank in 36 hours. If all three pipes are opened ...
A cistern has two pipes. One can fill it with water in 16 hours and other can empty it in 10 hours. In how many hours will the cistern be emptied if bo...
Tap âAâ and tap âBâ can fill a tank in 45 hours and 35 hours, respectively. If both taps are opened together, then find the time after which tap...
Pipe ‘A’ and pipe ‘B’, together can fill 20% of a tank in 5 hours while pipe ‘C’ takes 40 hours to empty it. ...
Three pipes P, Q and R which are used to fill a tank. Each of the three pipes can be used either as an inlet pipe or as an outlet pipe. Each of the pipe...
