Question 41. Analysis of all the benefits and costs shows that focusing on the top 19 targets _____________ the Copenhagen Consensus Centre would achieve four times more than if we sprayed all the development spending around 169 targets. In other words, _____________ would have the same effect as quadrupling the entire budget. Even here on the floor of the United Nations, I find that global leaders, ambassadors, and those who work in development agree that the targets _____________ severely pruned. They just all want their targets. But _____________ of making this a game of who got the most of their targets into the final declaration, it should be all about getting the most effective targets in there.

Question 42. It has been argued that right to be forgotten strengthens privacy and _____________ granted when the public interest test is satisfied. But acknowledgement of the right would indicate that search engines could adjudicate what constitutes public interest. An _____________ could be found in the sensitive data-protection rules under the Information Technology Act. This _____________ entail that if the right to be forgotten is formally recognised, it should _____________ to the extent of removal of sensitive personal data, and nothing else.

Question 43. India is now at that crucial stage where inflation is falling, growth has slowed down _____________ and more interest rate cuts are _____________. However, the timing of these rate cuts is a bit _____________ as the inflation trajectory is still not very clear. One has to remember that India has witnessed continuously high inflation over the last 7 years and, therefore, the central bank would likely to wait for concrete proof that inflationary expectations have been broken before cutting rates _____________.

Question 44. Countries that keep adapting institutions and policies can maintain rapid growth _____________ others, Harvard’s Dani Rodrik has long argued. Strategies that work for moving from low to middle income must change for progress to upper-middle income, or later to high income. Such adaptations are difficult. Hence, discontinuities are far _____________ than sustained growth. Acemoglu and Robinson emphasise the role of institutions — these need to keep _____________ sophistication and quality. Constant improvements _____________ in the quality of government services, transaction and accounting practices, transparency and accountability, and predictability of policies and legal interpretations.

Question 45. The reversal of FII flows would also stem the _____________ in emerging market currencies. With the rupee stabilising and the US Fed’s rate hike decision behind, the RBI would now be less constrained in easing rates in India. India is among the few large economies that can offer monetary _____________ to aid growth. The rate cuts, I believe, may not necessarily wait for scheduled policy announcements. Over the next three months, I would expect RBI to cut rates by 50 basis points. This _____________ some pressure on debt servicing, and will also have a positive _____________ on retail credit in the second half of FY16.

Question 46. Yet, despite having the world’s largest youth market, India has one of the _____________ shares of the annual $100- billion global character and entertainment licensing industry. Asian characters like Pokemon, Dragonball Z and Doraemon _____________ household names around the world, and countries like Japan, South Korea and China have built multi-billion-dollar character entertainment industries. Yet, India, a culture with some of the _____________ and rich storytelling the world has _____________, hasn’t come close to unlocking its amazing vault of creativity in this space.

Question 47. India’s Railways serves the __________function of providing travel access to millions, and, as Mahatma Gandhi wrote in his article ‘Third Class in Indian Railways’, have the _________of making it equitable and comfortable. It must also be safe. The Railway Ministry is ___________a major safety initiative, the Rashtriya Rail SanrakshaKosh, with a non-lapsable corpus of Rs.1,19,183 crore.

Question 48. The Constituent Assembly debates leave no manner of doubt that the said power ought not to be exercised merely to _______a failure to muster support in the legislature. The satisfaction of the president at the time of the promulgation of an ordinance is within the _______of judicial review. The government will have to _______the Court about whether the satisfaction for repromulgation was based on some relevant material.

Question 49. Amidst the rising pile of non-performing assets in government owned banks, willful defaulters were said to be responsible for around 77,000 crore of bad debts by last July, but the Kingfisher baron has emerged as the poster boy of the problem. Therefore the flurry of action on his bad loans, however belated, could help counter perceptions of a ____approach towards the well-heeled. Breaking the banker borrower nexus is just as critical for _______public money as is acting against corrupt administrators, but a timely and transparent system is needed to _______that bankers don’t turn wary of extending credit at the slightest hint of risk.

Question 50. Strong words are no substitute for action, however, and the strategic partnership that India _______with the UAE must be based on clarity and concrete measures. This should include a crackdown on the shadowy businesses owned by Dawood Ibrahim as well as more steps to ________terror financing of the Taliban and groups in Pakistan and Afghanistan; such money is often routed through ________remittances from the UAE.