Directions: In the following passage, some of the words have been left out, each of which is indicated by a letter. Find the suitable word from the options given against each letter and fill up the blanks with appropriate words to make the paragraph meaningful.
The key to removing corruption is transparency of political funding. That would end – first misuse of the state ____ A ____ by the politician to raise funds, second ____ B ____ in the services of civil servants and third ____ C ____ both accountability and integrity of the administration. So long as people need cash for bribes, they would withdraw cash and a transaction cost would not deter them.
Moreover, the RBI can pass on the potential savings from reduced cash handling to lower the cost of electronic transactions. So can the government. ____ D ____ from the RBI and the government, in tandem with competition to Visa and MasterCard from RuPay, should make digital payments ____ E ____ costless for merchants and consumers.
Explanation:
As the first sentence of the second paragraph talks about the potential use of the expenditure amount saved from reduced cash handling, usage of the word ‘outlays’ which in Economics refers to ‘an amount spent or an expenditure’ is the most appropriate choice out of the given ones.
Usage of either ‘addition’ or ‘sum’ is adding absurdity to the context. Options D and E hence can be eliminated.
Similarly, usage of phrase ‘income from’ or ‘payment from’ in relation to RBI, which is a monetary authority and not a bank or a profit making company doesn’t seem logical and option B and C can be eliminated as well.
Option A is hence the correct answer.