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Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. The IMF has pointed out that the fast growing economies of Asia face the risk of falling into 'middle-income trap'. It means that average income in these countries, which till now have been growing rapidly, will stop growing beyond a point - a point that is well short of incomes in the developed West. The IMF identifies a number of causes of middle-income trap-none of which is surprising-from infrastructure to weak institutions, to less than favorable macroeconomic conditions. But the broad, overall cause, says IMF, is a collapse in the growth of productivity. Which among the following is the most logical, rational and critical inference that can be made from the above passage?

Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. The IMF has pointed out that the fast growing economies of Asia face the risk of falling into 'middle-income trap'. It means that average income in these countries, which till now have been growing rapidly, will stop growing beyond a point - a point that is well short of incomes in the developed West. The IMF identifies a number of causes of middle-income trap-none of which is surprising-from infrastructure to weak institutions, to less than favorable macroeconomic conditions. But the broad, overall cause, says IMF, is a collapse in the growth of productivity. Which among the following is the most logical, rational and critical inference that can be made from the above passage? Correct Answer    Once a country reaches middle income stage, it runs the risk of falling productivity which leads to stagnant incomes.

The correct answer is Once a country reaches middle income stage, it runs the risk of falling productivity which leads to stagnant incomes.

Key Points

  • The given passage states the IMF views on the fast-growing economies of Asia, which are gradually moving towards the middle-income trap; that is, the point where the average income of these economies will become stagnant.
  • The reason for this, according to the IMF, is the fewer efforts to improve the infrastructure of the weak institutions and bad macroeconomic conditions, which will gradually affect the overall growth of the Asian nations, make their economy sluggish, and will ultimately stop the growth of productivity.
  • From the above lines, it can be concluded that - Once a country reaches middle income stage, it runs the risk of falling productivity which leads to stagnant incomes.

​Hence, the correct choice is option 1.

Related Questions

Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. Productive jobs are vital for growth and a good job is the best form of inclusion. More than half of our population depends on agriculture, but the experience of other countries suggests that the number of people dependent on agriculture will have to shrink if per capita incomes in agriculture are to go up substantially. While industry is creating jobs, too many such jobs are low-productivity non-contractual jobs in the unorganized sector, offering low income, little protection, and no benefits. Service jobs are relatively of high productivity, but employment growth in services has been slow in recent years. Which among the following is the most logical and rational inference that can be made from the above passage?
Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. An innovative India will be inclusive as well as technologically advanced, improving the lives of all Indians. Innovation and R&D can mitigate increases in social inequality and relieve the pressures created by rapid urbanization. The growing divergence in productivity between agriculture and knowledge-intensive manufacturing and services threatens to increase income inequality. By encouraging India's R&D labs and universities to focus on the needs of poor people and by improving the ability of informal firms to absorb knowledge, an innovation and research agenda can counter this effect. Inclusive innovation can lower the costs of goods and services and create income-earning opportunities for the poor people. Which among the following is the most logical and rational assumption that can be made from the above passage?
Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. There has been a significant trend worldwide towards regionalism in government, resulting in a widespread transfer of powers downwards towards regions and communities since 1990s. This process, which involves the creation of new political entities and bodies at a sub-national level and an increase in their content and powers, is known as devolution. Devolution has been characterized as being made up of three factors-political legitimacy, decentralization of authority and decentralization of resources. Political legitimacy here means a mass demand from below for the decentralization process, which is able to create a political force for it to take place. In many cases, decentralization is initiated by the upper tier of government without sufficient political mobilization for it at the grassroots level, and in such cases the decentralization process often does not fulfill its objectives. Which among the following is the most logical, rational and critical inference that can be made from the above passage?
Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. Many farmers use synthetic pesticides to kill infesting insects. The consumption of pesticides in some of the developed countries is touching 3000 grams/hectare. Unfortunately, there are reports that these compounds possess inherent toxicities that endanger the health of the farm operators, consumers and the environment. Synthetic pesticides are generally persistent in environment. Entering in food chain they destroy the microbial diversity and cause ecological imbalance. Their indiscriminate use has resulted in development of resistance among insects to insecticides, upsetting of balance in nature and resources of treated populations. Natural pest control using the botanical pesticides is safer to the user and the environment because they break down into harmless compounds within hours or days in the presence of sunlight. Plants with pesticidal properties have been in nature for millions of years without any ill or adverse effects on the ecosystem. They are easily decomposed by many microbes common in most soils. They help in the maintenance of biological diversity of predators and human health hazards. Botanical pesticides formulated from plants are biodegradable and their use in crop protection is a practical sustainable alternative. On the basis of the above passage, the following assumptions have been made: 1. Synthetic pesticides should never be used in modern agriculture. 2. One of the aims of sustainable agriculture is to ensure minimal ecological imbalance. 3. Botanical pesticides are more effective as compared to synthetic pesticides. Which of the assumptions given above is/are correct?
Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. By 2020, when the global economy is expected to run short of 56 million young people, India, with its youth surplus of 47 million, could fill the gap. It is in this context that labour reforms are often cited as the way to unlock double-digit growth in India. In 2014, India's labour force was estimated to be about 40 percent of the population, but 93 percent of this force was in unorganized sector. Over the last decade, the compound annual growth rate (CAGR) of employment has slowed to 0.5 percent, with about 14 million jobs created during last year when the labour force increased by about 15 million. Which of the following is the most rational inference from the above passage? 
Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. The greatest blessing that technological progress has in store for mankind is not, of course, an accumulation of material possessions. The amount of these that can be effectively enjoyed by one individual in one lifetime is not great. But there is not the same narrow limit to the possibilities of the enjoyment of leisure. The gift of leisure may be abused by people who have had no experience of making use of it. Yet the creative use of leisure by a minority in societies has been the mainspring of all human progress beyond the primitive level. With reference to the above passage, the following assumptions have been made: 1. People always see the leisure time as a gift and use it for acquiring more material possessions. 2. Use of leisure by some people to produce new and original things has been the chief source of human progress. Which of these assumptions is/are valid?
A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given fouralternatives. Just as space permeates everything in the universe, love permeates every part, every aspect of creation. If there is one answer to the question, “How and why doesthis world exist?” the answer, in one word, is Love. Rather, the answer is Pure Love, since the word love has lost its meaning. Your very existence is an expression of pure unconditional love of the Source (you may call it Consciousness, Creator, God, Divine Self). This is the truth of your being.True love transcends both love and hatred. It is unconditional, unquestioning, boundless, unchanging love. It is overflowing love of the Source for the Source throughall of creation. True love is way beyond the personalized love that two or more individuals assert on one another. Personalized love, though apparently selfless, is rooted in desiresand conditional satisfaction. We have been brought up in a society that judges love based on conditions. We have been made to believe that we can receive love only when we fit into peoplesexpectations. If we are not good enough, we will be deprived of love. These beliefs have influenced the collective psyche of families, groups, communities, and societies since generations to such an extent that love has been reduced tofear of denial. We need to shift from the paradigm of false conditional love to the essence of pure unconditional love . The experience of true love comes with surrender of the false I, in letting go of the feeling of separateness. Without this sacrifice, it is not possible to attain divinelove. When this separate I is discarded, you embrace everything in oneness and catch a glimpse of pure love. True love can be experienced only through giving, not by demanding. People who exist in your life are not here to love you. They are here to remind you that you arethe Source of Love. By knowing that you are the Source of love, you can love yourself, instead of waiting to receive love from the world. Ask yourself, “Why do I need an agent to love myself?” Waiting for the world to love you, is like hiring an agent to love yourself! It is time for you to honor yourself as the Source of love. You have undertaken this human journey to realize and express the boundless love that you truly are. According to the passage, which of the following statement is not TRUE?
A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given fouralternatives. Just as space permeates everything in the universe, love permeates every part, every aspect of creation. If there is one answer to the question, “How and why doesthis world exist?” the answer, in one word, is Love. Rather, the answer is Pure Love, since the word love has lost its meaning. Your very existence is an expression of pure unconditional love of the Source (you may call it Consciousness, Creator, God, Divine Self). This is the truth of your being.True love transcends both love and hatred. It is unconditional, unquestioning, boundless, unchanging love. It is overflowing love of the Source for the Source throughall of creation. True love is way beyond the personalized love that two or more individuals assert on one another. Personalized love, though apparently selfless, is rooted in desiresand conditional satisfaction. We have been brought up in a society that judges love based on conditions. We have been made to believe that we can receive love only when we fit into peoplesexpectations. If we are not good enough, we will be deprived of love. These beliefs have influenced the collective psyche of families, groups, communities, and societies since generations to such an extent that love has been reduced tofear of denial. We need to shift from the paradigm of false conditional love to the essence of pure unconditional love . The experience of true love comes with surrender of the false I, in letting go of the feeling of separateness. Without this sacrifice, it is not possible to attain divinelove. When this separate I is discarded, you embrace everything in oneness and catch a glimpse of pure love. True love can be experienced only through giving, not by demanding. People who exist in your life are not here to love you. They are here to remind you that you arethe Source of Love. By knowing that you are the Source of love, you can love yourself, instead of waiting to receive love from the world. Ask yourself, “Why do I need an agent to love myself?” Waiting for the world to love you, is like hiring an agent to love yourself! It is time for you to honor yourself as the Source of love. You have undertaken this human journey to realize and express the boundless love that you truly are. What does source refers to in the last line of the second para of the passage?
A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given fouralternatives. Just as space permeates everything in the universe, love permeates every part, every aspect of creation. If there is one answer to the question, “How and why doesthis world exist?” the answer, in one word, is Love. Rather, the answer is Pure Love, since the word love has lost its meaning. Your very existence is an expression of pure unconditional love of the Source (you may call it Consciousness, Creator, God, Divine Self). This is the truth of your being.True love transcends both love and hatred. It is unconditional, unquestioning, boundless, unchanging love. It is overflowing love of the Source for the Source throughall of creation. True love is way beyond the personalized love that two or more individuals assert on one another. Personalized love, though apparently selfless, is rooted in desiresand conditional satisfaction. We have been brought up in a society that judges love based on conditions. We have been made to believe that we can receive love only when we fit into peoplesexpectations. If we are not good enough, we will be deprived of love. These beliefs have influenced the collective psyche of families, groups, communities, and societies since generations to such an extent that love has been reduced tofear of denial. We need to shift from the paradigm of false conditional love to the essence of pure unconditional love . The experience of true love comes with surrender of the false I, in letting go of the feeling of separateness. Without this sacrifice, it is not possible to attain divinelove. When this separate I is discarded, you embrace everything in oneness and catch a glimpse of pure love. True love can be experienced only through giving, not by demanding. People who exist in your life are not here to love you. They are here to remind you that you arethe Source of Love. By knowing that you are the Source of love, you can love yourself, instead of waiting to receive love from the world. Ask yourself, “Why do I need an agent to love myself?” Waiting for the world to love you, is like hiring an agent to love yourself! It is time for you to honor yourself as the Source of love. You have undertaken this human journey to realize and express the boundless love that you truly are. According to the passage, whom to honour as the source of love?
Read the passage carefully and select the best answer to each question out of the given four alternatives.
Public opinion may be passive and false or active and real. It is claimed in theory that all governments are ultimately based on the opinion or sanction of the governed. But we find that in practice the people's rights are often trodden down and tyranny and oppression are allowed to continue. The government does it not because the people want it to do so but because they are too idle, too uneducated and too disunited or timid to oppose the govern ment. Such public opinion is passive and false and not an active verdict. But when we find people alert, intelligent and determined to let the government know their will, when they want to exercise actively their voice in the management of their country, we have an instance of true or active public opinion. True public opinion is formed by and expressed through the press, the platform, political parties and educational institutions. These have sacred duties to perform, duties on which depends the ultimate good of the entire community. The press today wields a tremendous influence, So it should support the causes and move ments and condemn the wrong one's and thus teach people to form correct opinion. A free and fair press ventilates the grievances of the public. Thus a healthy relationship develops between the people and the government through out an unbiased press. Political parties also help to create and regulate opinions. No less important part is played by the educational Institutions which train the minds of the young people who will be the citizens of tomorrow. It has been said that modern Germany and China have been made by their universities. It is necessary that the young and the growing minds should imbibe the spirit of fellow-feeling, the spirit of tolerance, the habit of compromise, and show due regard for the feelings and opinion of others without which a democratic society cannot function, let alone succeed. When there is true awakening of the people, we shall have the real and conscious public opinion. And justice will reign on earth and truly will the voice of the people be the voice of God.
According to the passage, which of the following is needed from the people to have true or active public opinion? 1. Alertness
2. Determination
3. Intelligence
4. Raising their voice