Directions for questions 1 to 3: The sentence given in each of the following questions, when properly sequenced, form a coherent paragraph. Each sentence is indicated with a number. Choose the most logical order of sentences that constructs a coherent paragraph and mark the correct sequence in the box provided below each questionThe most important change was the phasing out of the system of the issue of ad hoc treasury bills by the Government to the Reserve Bank of India.Under such an arrangement, the RBI virtually lost control over regulating money supply and the fiscal dominance was completeThe institutional framework within which monetary policy operated underwent far – reaching change.This innocuous set-up had the effect of automatically monetizing the fiscal deficit of the centreUnder that system, whenever the cash balances of the Government fell below a particular level, it could issue these ad hoc treasury bills and replenish its cash balances.

Directions for questions 3 to 5: The sentences given in the following questions, when properly sequenced, from a coherent paragraph. Each sentence is indicated with a number. Choose the most logical order of sentences that constructs a coherent paragraph and indicate the correct sequence of numbers in the box provide below each question.To offset the extra liquidity, the bank 'sterilised' the increase in foreign reserves by selling securities to banks.A pegged exchange rate also cramps the RBI's room to raise interest rates, because that would attract yet more capital.Until March the RBI, through its various policies, was attempting to hold the rupee down.The snag is that sterilisation is expensive because the RBI has to pay much more on the bonds it issues to mop up liquidity than it earns on dollar reserves.The large amounts of dollars it was forced to buy, however, were fuelling excessive growth in the money supply and hence inflation.

Directions for questions 1 to 4: The sentences given in each of the following questions, when properly sequenced, form a coherent paragraph. Each sentence is indicated with a number. Choose the most logical order of sentences that constructs a coherent paragraph and indicate the correct sequence in the box provided below each question.With 75 percent of the space rented to the multinationals, this exhibition had the participation of 13 companies from Europe.With 50 companies participating and looking at the $30 billion Indian market in the telecommunication sector, for the next eight years the latest technology was on display.Against the backdrop of a sweeping wave of liberalisation, this proved a bonanza for the multinationals and their Indian partners to exhibit their bag of telecommunication technology.India Comm'92  the second international exhibition and conference on tele-communication and computer equipment, systems and related services, was organised recently.

Directions for questions 6 and 7: The sentences given in each of the following questions, when properly sequenced, form a coherent paragraph. Each sentence is indicated with a number. Choose the most logical order of sentences that constructs a coherent paragraph, and mark the correct sequence of numbers in the box provided below each question. (1) The ease with which the operations were carried out is a reflection of the lax standards of monitoring prevailing in the system.(2) In a way it is reminiscent of a leading group exercising controlling interests in publicly listed companies through a clutch of investment companies having the same postal address.(3) The multiple operations of demat accounts to corner shares in an IPO by individuals acting in isolation or in concert is threatening to blow up to a full-fledged scam drawing people of several segments into its vortex.(4) They further buttress their point by saying that it is the antiquated laws of rationing disallowing multiple applications which requires to be re looked.(5) Critics argue that, if there is nothing illegal in holding controlling interest in an enterprise through a web of investment companies, should initiatives to improve the chances of getting more shares in the IPO by operating multiple accounts be termed illegal

Directions for questions 1 to 3: The sentences given in each of the following questions, when properly sequenced, form a coherent paragraph. Each sentence is indicated with a number. Choose the most logical order of sentences that constructs a coherent paragraph, and mark the correct sequence of numbers in the box provided below each question.On April 3, however, Australian Prime Minister John Howard and his Chinese counterpart Wen Jiabao oversaw the signing in Canberra of a bilateral nuclear deal.The political message could not have been more vivid in exposing the limitations of the US influence over Australia.Political and not just economic diplomacy fashioned China’s early-April agreement with Australia to buy its uranium for nuclear power generation.In March, the US had launched a political level forum for dialogue with Australia and Japan in a bid to checkmate China in the Asia Pacific region.Revealing indeed was the triumph of not only China’s strategy but also Australia’s autonomy as regards the United States.

Directions for questions 3 to 5: The sentences given in the following questions, when properly sequenced, from a coherent paragraph. Each sentence is indicated with a number. Choose the most logical order of sentences that constructs a coherent paragraph and indicate the correct sequence of numbers in the box provide below each question.More recently, the regulator has turned its attention to BskyB's stranglehold on televised sports: the new challenger which the regulator is helping break into that market is none other than BT.Orchestrating a similar battle of the titans in Mexico, while clearing a path for other contenders, is the best way to bring about the competitive revolution the country's communications industries need.Consumers now enjoy a broad choice of competitively priced telecom bundles.In 2006 Britain forced BT, the former state telecoms monopoly, to create an arms-length subsidiary to run its network infrastructure and sell access to new entrants at fair prices.One of the biggest new entrants to the market is BskyB, Rupert Murdoch's pay-TV giant.