Question 71. We constantly ask when India _____________ the next Google, Facebook or Uber. _____________ are given but I believe it starts with the thinking. You must, right at the start, think and believe that your product, your company, is global. Google didn’t say it wants to index all information in Mountain View, or California, or the United States. No. It said it wants to _____________ all the information in the world — global from Day One. Similarly, Uber _____________ it is the private driver for everyone in the United States. It said ‘Everyone’s private driver.’ Global from Day One.

Question 72. We are _____________ on foreign sources of defence and other hi-tech technology than perhaps ever before. Creating an app or an e-commerce service doesn’t qualify as hi-tech _____________. Narendra Modi and his team seem to think that shaking hands with Jack Ma and Mark Zuckerberg are crucial steps in _____________ a culture of innovation in India. The result is that our PM signs up for a town hall meeting at the Facebook office _____________ investigating the ins and outs of hi-tech research at US institutions.

Question 73. Ecommerce marketplaces such as Flipkart, Snapdeal and Amazon _____________ revolutionised selling by simply connecting “sellers of goods” (earlier called traders) and “the consumer” _____________ their platforms. In the recent past, we have seen the rise of hyper local commerce with companies connecting neighbourhood stores and service providers to consumers, to deliver anything from food and groceries to laundry and medicines. What’s _____________ important is that everyone seems to finally _____________ with spending their rupees online.

Question 74. Efforts have been made in the past to cleanse the sector, but without success .The Appropriate Authority was set up by the tax department for pre-emptive purchase of property in cases where the value was _____________ .But the experiment flopped. There were litigations, the tax department was _____________ with high priced properties, _____________ could not be disposed of. These were _____________ to officers for residential purposes. I recall colleagues staying in palatial accommodation in Golf Links, Malabar Hill and Cuffe Parade. The funds of the Government were unnecessarily blocked. The institution had to be scrapped.

Question 75. The target to achieve “full and productive employment and decent work for all women and men” appears admirable — but making zero unemployment a global policy is foolish. Every economy needs some unemployment _____________ workers to change jobs. All governments are already focused _____________ people into work. Moreover, studies show such language is used by interest groups to create great jobs for a minority while leaving others out in the cold, often pushing _____________ workers back into the informal economy and increasing poverty. The costs of this target will _____________ the benefits.

Question 76. So, if the taxman was to discover an undisclosed immovable property in India acquired in 2010, it _____________ taxed not at the current market value but at the price paid for the property at the time of its purchase. But, as per the Black Money Act, the current market value of the foreign property on the date of its _____________ would be subjected to tax. This means that the tax shall _____________ payable on the ‘black money’ paid to acquire the property, but also on the appreciation in the price of the property — not to mention the _____________ in the foreign currency.

Question 77. Already the success of the franchise based leagues is turning sport into an aspirational _____________ for youngsters. The support of private capital assures lucrative _____________, while the platform these leagues provide ensure players get the _____________ they deserve. Today, our sporting heroes come from sports beyond only cricket. Hand in hand with our growing success on the global sporting stage, sports persons competing in boxing, shooting, snooker, wrestling, chess, golf, and most recently, kabaddi and football are _____________ becoming household names.

Question 78. The ecommerce boom has certainly been good for consumers, but what it has almost _____________ done for sellers is even more phenomenal. India has over 30 million small and medium enterprises which employ 40 per cent of the country’s workforce but _____________ to only 20 per cent of the GDP. There are _____________ for this, but the three main reasons are lack of access to markets and a consumer base, lack of infrastructure, both digital and physical, and most important lack of financing. With the growth of ecommerce a large segment of these SMEs has suddenly received that much-_____________ shot in the arm.

Question 79. Despite its fears of migrants, India has been home to _____________ Nepalis and Bangladeshis. Many moons ago, persecuted refugees such as the Parsi community and Jews _____________ India their home. Countries with totalitarian and authoritarian systems have to also find ways in which they can _____________ migrants. Demographic shifts, with ageing societies losing their global competitiveness, _____________ this more compelling.

Question 80. Be paranoid about customers. Do not believe that they will ever be loyal. They will _____________ with zero compunction if someone provides a better service. You could reduce the risk of migration through small hooks like your frequent flyer programme equivalent, but they _____________ work when customers are unhappy. Treat your frequent-flyer programme not as a retention hook but as gratitude for using your services. It’s their gratitude that will always _____________ in the race. Do not behave like an early mover. Remain humble (with humility comes open-mindedness) and agile – success often goes into the heads of the early movers and they tend to get a tad overconfident about their _____________. As a result, they tend to scoff at the late entrants and their strategy. Be quick in making corrections on both the strategic and execution approaches based on shifting ground realities.