Reading Comprehension – Test 78

Read the following passage carefully and choose the most appropriate answer to the questions out of five alternatives. <br><br> The two major signature policies that the government undertook - demonetisation (ostensibly to root out corruption) and the goods and services tax (GST) - have proved to be colossal disasters for the economy and the vast majority of Indians. Any doubts about the adverse impact of these policies is dispelled by the analysis in the volume. Comparing the periods before and after demonetisation, while the world economy witnessed improved growth (2.6% to 3.1%), the Indian economy suffered a growth decline from 7.8% to 6.8%. We believe that these two policies were launched to serve the long-term interests of the corporate sector at the expense of the vast majority of Indians who reside in cash-dependent informal and agrarian economies. It is unsurprising to read in news reports that the Indian unemployment rate is at a 45-year high (2017-18).<br><br> While it is amply clear that the current regime has failed to deliver on its promises of development and clean government, its true objective has always been to usher in a different kind of an economy and polity than the one that the UPA espoused - one that is more corporate and rural elite-friendly. The welfare orientation of the UPA-I (although it did not go far enough in our view) was quite unpalatable to the Indian elites. <br><br> A correction and reversal were asked for, and duly executed. It was also widely expected that the Modi regime would use a majoritarian nationalist mobilisation strategy (especially if economic gains were not forthcoming for the masses). This is exactly what has been delivered during the Modi years - a combination of elite-oriented growth and a majoritarian nationalism/Hindutva. Perhaps, in this sense, Mr. Modi's government has succeeded exactly in what it set out to do.

What was the main purpose of 'demonetisation'?

Read the following passage carefully and choose the most appropriate answer to the questions out of five alternatives. <br><br> The two major signature policies that the government undertook - demonetisation (ostensibly to root out corruption) and the goods and services tax (GST) - have proved to be colossal disasters for the economy and the vast majority of Indians. Any doubts about the adverse impact of these policies is dispelled by the analysis in the volume. Comparing the periods before and after demonetisation, while the world economy witnessed improved growth (2.6% to 3.1%), the Indian economy suffered a growth decline from 7.8% to 6.8%. We believe that these two policies were launched to serve the long-term interests of the corporate sector at the expense of the vast majority of Indians who reside in cash-dependent informal and agrarian economies. It is unsurprising to read in news reports that the Indian unemployment rate is at a 45-year high (2017-18).<br><br> While it is amply clear that the current regime has failed to deliver on its promises of development and clean government, its true objective has always been to usher in a different kind of an economy and polity than the one that the UPA espoused - one that is more corporate and rural elite-friendly. The welfare orientation of the UPA-I (although it did not go far enough in our view) was quite unpalatable to the Indian elites. <br><br> A correction and reversal were asked for, and duly executed. It was also widely expected that the Modi regime would use a majoritarian nationalist mobilisation strategy (especially if economic gains were not forthcoming for the masses). This is exactly what has been delivered during the Modi years - a combination of elite-oriented growth and a majoritarian nationalism/Hindutva. Perhaps, in this sense, Mr. Modi's government has succeeded exactly in what it set out to do.

What kind of impact was made on the growth rate of country by demonetization?

Read the following passage carefully and choose the most appropriate answer to the questions out of five alternatives. <br><br> The two major signature policies that the government undertook - demonetisation (ostensibly to root out corruption) and the goods and services tax (GST) - have proved to be colossal disasters for the economy and the vast majority of Indians. Any doubts about the adverse impact of these policies is dispelled by the analysis in the volume. Comparing the periods before and after demonetisation, while the world economy witnessed improved growth (2.6% to 3.1%), the Indian economy suffered a growth decline from 7.8% to 6.8%. We believe that these two policies were launched to serve the long-term interests of the corporate sector at the expense of the vast majority of Indians who reside in cash-dependent informal and agrarian economies. It is unsurprising to read in news reports that the Indian unemployment rate is at a 45-year high (2017-18).<br><br> While it is amply clear that the current regime has failed to deliver on its promises of development and clean government, its true objective has always been to usher in a different kind of an economy and polity than the one that the UPA espoused - one that is more corporate and rural elite-friendly. The welfare orientation of the UPA-I (although it did not go far enough in our view) was quite unpalatable to the Indian elites. <br><br> A correction and reversal were asked for, and duly executed. It was also widely expected that the Modi regime would use a majoritarian nationalist mobilisation strategy (especially if economic gains were not forthcoming for the masses). This is exactly what has been delivered during the Modi years - a combination of elite-oriented growth and a majoritarian nationalism/Hindutva. Perhaps, in this sense, Mr. Modi's government has succeeded exactly in what it set out to do.

What was the intention of Modi government behind launching demonetization and GST according to author's belief?