Comprehension Passage

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

 

Well begun is half done. The maxim seems to have guided the Narendra Modi government as it made an explosive start to its second term in office on May 30. Its 100-day strategy has been marked by rapid decision-making by which decisions pending for years have been taken. The dilution of Article 370 to alter the status of Jammu and Kashmir and the appointment of a chief of defence staff had been part of the BJP’s manifesto for years. The government has stepped on the parliamentary pedal the first session of the 17th Lok Sabha, in which a record 32 bills were passed, was the most productive since 1952. The government has sought to fix the loss-making public sector banks by merging them. A similar merger awaits the mammoth military ordnance factories. The first steps towards part-privatisation of the railways have been taken. In the social welfare sector, triple talaq has been criminalised and a new law to protect children from sexual abuse introduced.

The government has enhanced focus on what it believes got it a second term with a bigger mandate delivering benefits to the commoner. Existing schemes are being fast-tracked. The target of providing 80 million Ujjwala gas connections by March 2020 was achieved seven months in advance. New initiatives, such as expanding the power network and providing piped water to all households by 2024, have been kicked off.

But this speed of decision-making does not conceal the gnawing worry about the economy. Growth has contracted, from a high of 8 per cent to 5 per cent the lowest in six years. Practically every economic indicator automobile sales, factory output, agricultural growth, exports, private investment, real estate and construction is down. The financial sector is weighed down by bad debts. More than just the pace of its 100 days, the government will be judged by how it combats this looming recession.

Choose a sentence which means the same as ‘The financial sector is weighed down by bad debts.’

1

India is looked down upon by its competitors in the international market due to its bad debts.

2

Bad debts are causing inflation in the Indian economy.

3

The Indian economy has reached a new low due to its debts.

4

The Indian economy is overburdened with huge debts

5

None of the above.

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