Question
The question below consists of a set of labelled
sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options. P: Banks, which garner the lion’s share of retail debt allocations, pegged down their term deposit interest rates with alacrity by 200-250 basis points between 2014 and 2016 as market rates fell. Q: Indian savers have made a decisive shift from real to financial assets in recent years prompted by policy nudges and sluggish gold and property markets. R: But they have been tardy in passing on the rate increases of the past year. S: But while umpteen new equity-linked options have sprung up on their menu – MFs, NPS, market-linked insurance plans – there’s a notable dearth of debt options.Solution
the correct order is QSPR, as it presents the shift in savings behavior, the lack of debt options, the actions taken by banks in response to falling market rates, and the delayed passing on of rate increases in a logical sequence.
India is known as home of _________
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