Paper Ii English Writing Skills Set B Worksheet (Page 2 of 2) in pdf

Paper Ii English Writing Skills Set B Worksheet Page 2

central bank will become more effective with a strong monetary policy transmission that is

able to help counteract business cycle fluctuations," the report notes.

"From the viewpoint of a global customer, sending an order to (say) the CME in the US or

the Singapore Exchange (SGX) is frictionless," the committee notes why these offshore

centres have managed to trade Indian assets in a big way.

"For India to compete in the new globalised world of finance, our markets must match these

competitor markets in three respects: rationalise and ultimately remove capital controls,

achieve technically sound financial regulation, and shift to residence-based taxation," the

committee suggests flagging KYC contents and its implementation as a typical irritant.

(The Economic Times, September 8, 2015)

Paper Ii English Writing Skills Set B Worksheet Page 2