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The main benefit to the economy from an active stock market is the ready availability of risk capital for investment in equities through the primary market. For that risk capital to be readily available, investors need to have an easy exit route. Aliquid secondary market provides an easy exit route through the active involvement of buyers and sellers. It does not matter whether these buyers and sellers have short or long-term investment horizons. Liquidity in the market is enhanced by leveraged players who either borrow to play the market or achieve a similar result through futures contracts whose economic value includes financing costs. Short-sellers confer a similar benefit by borrowing stock or achieving the same result through futures contracts. Inference : Passive stock market enhances availability of capital. 1) If the inference is definitely true' i.e. it properly follows from the statement of facts given. 2) if the inference is probably true though not definitely true' in the light of the facts given. 3) If the data are inadequate, le from the facts given you cannot say whether the inference is likely to be true or false 4) If the inference is probably false", though not definitely false' in the light of the facts given.

S_(1) The fact is that good writing is a craft which can be acquired like any other craft. S_(6) : In short, he has to becmen a wordsmith. P : Much the same is the case with the one who aspires to become a good craftsman of English. Q : Let's take examples. R : A young man, who wants to become a goldsmith or a silversmith, becomes an apprentic with a seasoned man in that craft. S : After a few years of apprenticeship, he learns the ins and outs of it and becomes a skillful craftsman. Which one of the following is the correct sequence ?

Direction: Given below is a short passage. After the passage, you will find some items based on the passage. First, read a passage and answer the items based on it. The avowed purpose of the exact sciences is to establish complete intellectual control over experience in terms of precise rules which can be formally set out and empirically tested. Could that ideal be fully achieved, all truth and all error could henceforth be ascribed to an exact theory of the universe, while we who accept this theory would be relieved of any occasion for exercising our personal j udgement. We should only have to fo llow the rules faithfully. Classical mechanics approaches this ideal so closely that it is often thought to have achieved it. But this leaves out of account the element of personal judgement involved in applying. the formulae of mechanics to the facts of experience. An exact theory of the universe is

An agreement, which in fact is a contract, between the RBI and Banks for the sale and repurchase of Government securities and short term treasury bills at a future date and for which the RBI indicate the interest rate", is generally known as: