Some of the manifestations of earning wealth by government have changed and these changes have occurred in

Rate of taxation

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Abolition of licenses

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Trade has been globalised

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All of the above

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Solution

The correct option is B Abolition of licenses
As per the fourth paragraph opening 3 sentences only option (b) comes out clearly. The other options though close but do not express the same idea as stated in the passage.

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Lately, many companies have planned for significant investments in organised retailing in India. Several factors have prompted their decision in this regard. Customers income is rising. People have developed a taste for better quality products even though they may have to pay more. The aspiration levels have increased. The government has also liberalised its economic policies in this regard and permitted even cent-percent foreign direct investment in some sectors of retailing.

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Some of the manifestations of earning wealth by government have changed and these changes have occurred in

The correct option is B Abolition of licensesAs per the fourth paragraph opening 3 sentences only option (b) comes out clearly. The other options though close but do not express the same idea as stated in the passage.

The correct option is B Abolition of licenses
As per the fourth paragraph opening 3 sentences only option (b) comes out clearly. The other options though close but do not express the same idea as stated in the passage.