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Get access to the detailed solutions to the previous year's questions asked in XAT exam.
From an initial reading, we can understand that the two parts of the sentence are contrasting each other. So the perfect fir for the first blank is "while".
Since in the first case the importance is widely acknowledged, in the second case it has to be the opposite, so the best fit for the third blank would be "far less".
In the second and fourth blank, we need an apt preposition, and the correct one would be "within".
So the correct option is B.