By killing transparency and competition crony capitalism is harmful to free enterprise opportunity a...........

English Comprehension Reading Comprehension (C)

By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity and economic growth. Crony capitalism, where rich and the influential are alleged to have received land and natural resources and various licences in return forpayoffs to venal politicians, is now a major issue to be tackled. One of the greatest dangers to growth of developing economies like India is the middle-income where crony capitalism creates oligarchies that slow down the growth.

Which among the following is the most logical corollary to the above passage ?

This questions was previously asked in

Complete-Test, Previous year (2016)

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Launching more welfare schemes and allocating more finances for the current schemes r are urgently needed

Efforts should be made to push up economic growth by other means and provide licences to the poor

Greater transparency in the functioning of the government and promoting the financial inclusion are needed at present

We should concentrate more on developing manufacturing sector than service sector

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Explanation:

Theme : Crony capitalism and governance issues - In the passage, the first line “By killing transparency .......” clearly indicates that greater transparency in the functioning of the government is needed. India is a growing economy, and crony capitalism can harm rapid economic growth. A “corollary” is a proposition that follows from a proven one.