Iift 2013 Question 98
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IIFT
In the 4th paragraph we are given that ,"Brazil is the un-China, with interest rates that are too high, and a currency that is too expensive.
It spends too little on roads and too much on welfare, and as a result has a very un-China-like growth record."
From this we can conclude that, Insufficient spending of budgetary resources on infrastructure augmentation, which hurts economic interests.
In the last paragraph the author states, "This heavy load of personal and corporate tax on a relatively poor country means that
businesses don’t have the money to invest in new technology or training, which in turn means that industry is not getting more efficient."
From this we can conclude that, High tax incidence on the household and company incomes, which restricts the ability of the firms to
facilitate innovation and skill formation.
Since 2 of the given statements are true thus, all the statements must be true and we need not verify the 1st sentence.
Hence, option D is the correct answer.