Which of the following best captures the current state of Indian federalism as

Which of the following best captures the current

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45. Which of the following best captures the current state of Indian federalism as described in the passage? A. The Supreme Court has not begun to extend the limits of its power. B. The multi-party system has replaced the single party system. C. The Union, state and Panchayati raj levels have become real. D. There is real distribution of power between the Union and State level parties. E. None of these Direction (46-50): Read the given passage carefully and answer the questions that follow. The world is leaning on its biggest economy to sustain the global recovery, according to the International Monetary Fund. The fund left its forecast for global growth unchanged in the latest quarterly update to its World Economic Outlook, released Monday in Kuala Lumpur. The world economy will expand 3.4 percent
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7 this year, up from 3.2 percent in 2016, and by 3.6 percent next year, the IMF said. The forecasts for this year and next are unchanged from the fund’s projections in April. Beneath the headline figures, though, the drivers of the recovery are shifting, with the world relying less than expected on the US and the UK and more on China, Japan, the euro zone and Canada, according to the Washington-based IMF. The dollar fell to its lowest in 14 months last week as investors discounted the ability of President Donald Trump’s administration to deliver on its economic agenda after efforts by the Republican Senate to overhaul healthcare collapsed. The IMF estimated US growth at 2.1 percent this year and again in 2018, consistent with what the fund said June 27 in its annual assessment of the US 2.3 percent and 2.5 percent, respectively, in 2017 and 2018. The economy expanded by 1.6 percent in 2016. “US growth projections are lower than in April, primarily reflecting the assumption that fiscal policy will be less expansionary going forward than previously anticipated,” the IMF said in the latest report. In June, the IMF said it had dropped assumptions of a boost to growth from Trump’s plans to cut taxes and increase infrastructure spen ding. Trump’s budget director, Mick Mulvaney, wrote in July that the administration’s goal is “sustained 3 percent economic growth,” and he named the program “MAGAnomies” after Trump’s campaign slogan, “Make America Great Again”. Meanwhile, as the UK works through its Brexit negotiations, the IMF also chopped its forecast for UK growth this year by 0.3 percentage point to 1.7 percent on weaker- than-expected activity in the first quarter. “This forecast underscores exactly why our plans to increase productivity and ensure we get the very best deal with the EU, are vitally important,” the UK Treasury said in an emailed statement. “The fundamentals of our economy are strong.” Other countries are picking up the slack. The IMF’s projection for growth in China is 6.7 percent for 2017 the same as its estimate made June 14 in an annual staff report, and up 0.1 point from April’s world economic outlook. For 2018 the fund sees Chinese growth at 6.4 percent, an increase of 0.2 points from three months ago. In the report,
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  • Fall '14
  • Ravi Prasad
  • Derivative, Government of India, Panchayati raj

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