question_answer

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

Pledging to alter tyhe policy environment to accelerate economic growth, Prime Minister Manmphan Singh promised to address concerns on GAAR and taxation of the IT sector along with giving high prioity to finalisation 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 foreigh 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 seversl political parties to reforms. Singh said the steps the government has taken recently were  only the behinning of a process to revive the economy and take it back to its trend growth rate of 8 to 9 per cent.

According to PM, government decisions on FDI in multi-brand retail etc is based on:

 

A)  To insulate the country from global economic slowdown

B)  To combat the election in 2014

C)  To appease the foreign investor

D)  To raise money for government coffer

E)  None of these