1. The New Economic Policy comprises the various policy measures and changes introduced since July 1991.
A. There is a common thread running through all these measures.
B. The objective is simple to improve the efficiency of the system.
C. The regulator mechanism involving multitude of controls has fragmented the capacity and reduced competition even in the private sector.
D. The thrust of the new policy is towards creating a more competitive environment as a means to improving the productivity and efficiency of the economy.
6. This is to be achieved by removing the banners and restrictions on the entry and growth of firms.
The given sentence is missing in the paragraph below. Decide where it best fits among the options 1, 2, 3, or 4 indicated in the paragraph.
Sentence: Productivity gains, once expected to feed through to broader living standards, now primarily serve to enhance returns to wealth.
Paragraph: Economists now argue that inequality is no longer a by-product of growth but a condition of it. ____ (1)____. Unlike wages, wealth reflects not just income but also access to assets, favourable institutional conditions—such as low interest rates—and public policies like low taxes and housing shortages. ____ (2)____. In other words, wealth depends on political choices in ways that income currently does not. It’s not just the inequality itself that is the issue but the erosion of mechanisms that once constrained it. ____ (3)____. Wealth and income inequality are linked, but where wages have stagnated and collective bargaining has weakened, capital income—derived from profits, rents and interest—has been boosted by design. ____ (4)____.
Para-Jumble Arrange the sentences in a coherent order: