question_answer

Direction: Read the given passage carefully and answer the questions that follow.

Pledging to alter the policy environment to accelerate economic growth, Prime Minister Manmohan Singh promised to address concerns on GAAR and taxation of the IT sector along with giving high priority to fmalisation of the Direct Taxes Code and Goods and Services Tax.

Addressing the AGM of FICCI, the Prime Minister said a year or two of excessive pessimism at home has hurt the growth process. Singh said the government decisions on FDI in multi-brand retail, civil aviation and broadcasting and the bills on liberalizing foreign investment limits in banking and insurance are based on sound economic logic to insulate the country from persistent global economic slowdown.

"I am afraid that those who oppose these moves are either ignorant of global realities or are constrained by out-dated ideologies/' he said, in an apparent reference to strong opposition from several political parties to reforms. Singh said the steps the government has taken recently were only the beginning of a process to revive the economy and take it back to its trend growth rate of 8 to 9 per cent.

To accelerate economic growth,what the PM has promised?

A)  To address the concerns on GAAR and taxation of the IT sector

B)  Giving high priority to fmalisation of the Direct Taxes Code

C)  Fmalisation of goods and service tax

D)  All of these

E)  None of these