Read the following passage and answer the items that follow Your answer to these items should b...........

English Comprehension Reading Comprehension (C)

Read the following passage and answer the items that follow. Your answer to these items should be based on the passages only.

In India, the objective of macroeconomics policy is to enhance the economic welfare of the people, and any one wing of such macro policy, monetary or fiscal, cannot independently work without active support of another.

Which one of the following statements best reflects the corollary to the passage given above?

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Complete-Test, Previous year (2021)

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The central bank cannot work independently of the Government.

Government should regulate financial markets and institutions closely.

Market economy is not compatible with the socialist policies of the Government.

Financial sector reforms are required for enhancing the economic welfare of the people.

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Explanation:

Option (1) is correct: The passage states (read concludes) that "anyone wing of such macro policy, monetary or fiscal, cannot independently work without the active support of another." Now, the Central Bank deals with the monetary policy, while the government looks after the fiscal policy of the country. Therefore, the statement in option (a) flows as a natural corollary to the conclusion provided in the passage.