SBI PO English Language Quiz: 12th April 2018

Directions (1-10): In the passage given below there are blanks which are
numbered from 1 to 10.They are to be filled with the options given below the passage against each of the respective numbers. Find out the appropriate word in each case which can most suitably complete the sentence without altering its meaning. 

Q1. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure

Q2. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure

Q3. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure

Q4. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure

Q5. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure

Q6. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure

Q7. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure

Q8. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure

Q9. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure.

Q10. It is no surprise that the International Energy Agency found that India’s carbon emissions grew by 4.8% during 2018, in spite of the national --------1-------- on climate change in energy policy. There is wide recognition of the fact that Indians are not historically responsible for the problem, and it is the rich nations led by the U.S. that have --------2-------- in the stock of carbon dioxide linked to extreme climate impacts being witnessed around the globe. As the IEA points out, India’s emissions have grown, but per capita remains less than 40% of the global average. Equity among nations is therefore at the centre of the discussion on energy emissions, and the principle of common but --------3---------- responsibilities is central to the UN Framework Convention on Climate Change (UNFCCC). Reassuring as this may be, the universal challenge of climate change has grown to such ---------4-------- that urgent action to sharply cut carbon emissions is crucial, and all countries, including India, must act quickly. Intensive measures in key sectors — scaling up renewables to raise their share in the energy mix, greening transport, updating building codes and ------5------ energy efficiency — will help meet the national pledge under the Paris Agreement to cut energy intensity of GDP by 33-35% by 2030, over 2005 levels.  

At the global level, renewable sources of energy grew by 7% during 2018, but that pace is -------6------ insufficient, considering the rise in demand. Moreover, it was China and Europe that contributed the bulk of those savings, in large measure from solar and wind power, indicating that India needs to ramp up its capacity in this area. In fact, as the founder of the International Solar Alliance, India should -------7------ the renewables effort. Yet, in spite of falling prices and rising efficiency, the potential of rooftop solar photovoltaics remains poorly utilised. It is time State power utilities are made responsible for defined rates of growth in the --------8-------- of rooftop systems. A second priority area is the cleaning up of coal power plants, some of which are young and have decades of use ahead. This process should be aided by the UNFCCC, which can help transfer the best technologies for carbon capture, use and storage, and provide financial linkage from the $100 billion annual climate fund proposed for 2020. India’s record in promoting green transport has been uninspiring, and ----------9--------- from fossil fuels and the resulting pollution are rising rapidly. The Centre’s plan to expand electric mobility through financial incentives for buses, taxis and two-wheelers needs to be pursued vigorously, especially in the large cities. Inevitably, India will have to raise its ambition on emissions reduction, and participate in the global stocktaking of country-level action in 2023. It has the rare opportunity to choose green growth, --------10-------- fossil fuels for future energy pathways and infrastructure.

Directions (11-15): In the passage given below there are blanks which are numbered from 11 to 15. They are to be filled with the options given below the passage against each of the respective numbers. Find out the appropriate word in each case which can most suitably complete the sentence without altering its meaning. 

Q11. Foreign investors appear to have rediscovered India. The inflow of foreign capital into India’s stock market in the month of March hit a high of $4.89 billion, the biggest foreign ---------11-------- into Indian stocks since February 2012. As a result, the stock market rose a solid 8% in March. Foreign investment in Indian equities stood at $2.42 billion in February, as against a net outflow of $4.4 billion during the same month a year earlier, and is expected to be strong in April as well. Both cyclical and structural factors are behind this sudden --------12------- in foreign investment that has helped the rupee make an impressive comeback. The rupee has appreciated by about 7% since early October, when it was reeling at around 74 against the dollar. Last year, India received more foreign direct investment than China for the first time in two decades. While the Chinese economy has been slowing down ---------13-------- in the last one year, India has emerged as the fastest-growing major economy. Doubts over the robustness of the GDP calculation method notwithstanding, it is clear that investors expect India to be a major source of global growth in the coming years. Other short-term reasons may also be behind some of the recent inflow of capital into the country. For one, there is a sense among a section of investors that their fears of political ---------14---------- are misplaced. More important, there are clear signs that western central banks have turned dovish. Both the Federal Reserve and the European Central Bank, for instance, have promised to keep interest rates low for longer. This has caused investors to turn towards ---------15-------- high-yielding emerging market debt. Indian mid-cap stocks, which suffered a deep rout last year, are now too attractive to ignore for many foreign investors.

Q12. Foreign investors appear to have rediscovered India. The inflow of foreign capital into India’s stock market in the month of March hit a high of $4.89 billion, the biggest foreign ---------11-------- into Indian stocks since February 2012. As a result, the stock market rose a solid 8% in March. Foreign investment in Indian equities stood at $2.42 billion in February, as against a net outflow of $4.4 billion during the same month a year earlier, and is expected to be strong in April as well. Both cyclical and structural factors are behind this sudden --------12------- in foreign investment that has helped the rupee make an impressive comeback. The rupee has appreciated by about 7% since early October, when it was reeling at around 74 against the dollar. Last year, India received more foreign direct investment than China for the first time in two decades. While the Chinese economy has been slowing down ---------13-------- in the last one year, India has emerged as the fastest-growing major economy. Doubts over the robustness of the GDP calculation method notwithstanding, it is clear that investors expect India to be a major source of global growth in the coming years. Other short-term reasons may also be behind some of the recent inflow of capital into the country. For one, there is a sense among a section of investors that their fears of political ---------14---------- are misplaced. More important, there are clear signs that western central banks have turned dovish. Both the Federal Reserve and the European Central Bank, for instance, have promised to keep interest rates low for longer. This has caused investors to turn towards ---------15-------- high-yielding emerging market debt. Indian mid-cap stocks, which suffered a deep rout last year, are now too attractive to ignore for many foreign investors.

 risen 

Q13. Foreign investors appear to have rediscovered India. The inflow of foreign capital into India’s stock market in the month of March hit a high of $4.89 billion, the biggest foreign ---------11-------- into Indian stocks since February 2012. As a result, the stock market rose a solid 8% in March. Foreign investment in Indian equities stood at $2.42 billion in February, as against a net outflow of $4.4 billion during the same month a year earlier, and is expected to be strong in April as well. Both cyclical and structural factors are behind this sudden --------12------- in foreign investment that has helped the rupee make an impressive comeback. The rupee has appreciated by about 7% since early October, when it was reeling at around 74 against the dollar. Last year, India received more foreign direct investment than China for the first time in two decades. While the Chinese economy has been slowing down ---------13-------- in the last one year, India has emerged as the fastest-growing major economy. Doubts over the robustness of the GDP calculation method notwithstanding, it is clear that investors expect India to be a major source of global growth in the coming years. Other short-term reasons may also be behind some of the recent inflow of capital into the country. For one, there is a sense among a section of investors that their fears of political ---------14---------- are misplaced. More important, there are clear signs that western central banks have turned dovish. Both the Federal Reserve and the European Central Bank, for instance, have promised to keep interest rates low for longer. This has caused investors to turn towards ---------15-------- high-yielding emerging market debt. Indian mid-cap stocks, which suffered a deep rout last year, are now too attractive to ignore for many foreign investors.

Q14. Foreign investors appear to have rediscovered India. The inflow of foreign capital into India’s stock market in the month of March hit a high of $4.89 billion, the biggest foreign ---------11-------- into Indian stocks since February 2012. As a result, the stock market rose a solid 8% in March. Foreign investment in Indian equities stood at $2.42 billion in February, as against a net outflow of $4.4 billion during the same month a year earlier, and is expected to be strong in April as well. Both cyclical and structural factors are behind this sudden --------12------- in foreign investment that has helped the rupee make an impressive comeback. The rupee has appreciated by about 7% since early October, when it was reeling at around 74 against the dollar. Last year, India received more foreign direct investment than China for the first time in two decades. While the Chinese economy has been slowing down ---------13-------- in the last one year, India has emerged as the fastest-growing major economy. Doubts over the robustness of the GDP calculation method notwithstanding, it is clear that investors expect India to be a major source of global growth in the coming years. Other short-term reasons may also be behind some of the recent inflow of capital into the country. For one, there is a sense among a section of investors that their fears of political ---------14---------- are misplaced. More important, there are clear signs that western central banks have turned dovish. Both the Federal Reserve and the European Central Bank, for instance, have promised to keep interest rates low for longer. This has caused investors to turn towards ---------15-------- high-yielding emerging market debt. Indian mid-cap stocks, which suffered a deep rout last year, are now too attractive to ignore for many foreign investors.

Q15. Foreign investors appear to have rediscovered India. The inflow of foreign capital into India’s stock market in the month of March hit a high of $4.89 billion, the biggest foreign ---------11-------- into Indian stocks since February 2012. As a result, the stock market rose a solid 8% in March. Foreign investment in Indian equities stood at $2.42 billion in February, as against a net outflow of $4.4 billion during the same month a year earlier, and is expected to be strong in April as well. Both cyclical and structural factors are behind this sudden --------12------- in foreign investment that has helped the rupee make an impressive comeback. The rupee has appreciated by about 7% since early October, when it was reeling at around 74 against the dollar. Last year, India received more foreign direct investment than China for the first time in two decades. While the Chinese economy has been slowing down ---------13-------- in the last one year, India has emerged as the fastest-growing major economy. Doubts over the robustness of the GDP calculation method notwithstanding, it is clear that investors expect India to be a major source of global growth in the coming years. Other short-term reasons may also be behind some of the recent inflow of capital into the country. For one, there is a sense among a section of investors that their fears of political ---------14---------- are misplaced. More important, there are clear signs that western central banks have turned dovish. Both the Federal Reserve and the European Central Bank, for instance, have promised to keep interest rates low for longer. This has caused investors to turn towards ---------15-------- high-yielding emerging market debt. Indian mid-cap stocks, which suffered a deep rout last year, are now too attractive to ignore for many foreign investors.

               

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