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Get access to the detailed solutions to the previous year's questions asked in XAT exam.
Let us note down the main points.
Usually, commercial films are considered inferior to art films. The attitude is changing but it is not changing as much as it is described to be. The very fact that the critics justify their interest in commercial movies reveals how they still consider art movies superior.
The author feels that the change is attitude is exaggerated a bit. Therefore, 'overstated' should be used to fill the first blank.
The critics justify their liking for mass entertainers. Therefore, 'penchant for' should be used to fill the second blank.
The critics still hold art movies dear. Therefore, 'investment in' should be used to fill the third blank.
The words represented by 3, 4, and 6 should be used to fill the blanks in that order. Therefore, option C is the right answer.