Though the waste of time or the expenditure on fashions is very large, yet fashions have come to stay. They will not go, come what may. However, what is now required is that strong efforts should be made to displace the excessive craze for fashion from the minds of these youngsters.

The passage best supports the statement that:

The passage discusses the large waste of time and expenditure on fashions, yet acknowledges that fashions are here to stay. It then suggests that efforts should be made to reduce the excessive craze for fashion among youngsters. Here's the analysis of the options based on the passage:

1. Option A - fashion is the need of the day:
   • The passage does not state that fashion is the need of the day. It talks about how fashion has become a part of life, but it also highlights the excessive craze and the need to curb it among youngsters.
   • This option is not supported by the passage.
2. Option B - the excessive craze for fashion is detrimental to one's personality:
   • While the passage mentions the excessive craze for fashion, it doesn't explicitly say that it is detrimental to one's personality. It focuses more on the need to displace the craze, rather than its impact on personality.
   • This option is not directly supported by the passage, though it aligns with the general idea of curbing excessive obsession with fashion.
3. Option C - the hoard for fashion should be done away with so as not to let down the constructive development:
   • The passage suggests that strong efforts should be made to reduce the craze for fashion, implying that such efforts are necessary for the constructive development of youngsters, though it doesn't explicitly mention "hoard" or "let down constructive development." It focuses on displacing the excessive craze.
   • This option is partially supported, as it closely aligns with the passage's idea of reducing the craze for fashion.
4. Option D - work and other activities should be valued more than the outward appearance:
   • The passage does not explicitly mention that work and other activities should be valued over outward appearance. However, the focus on curbing the excessive fashion craze implies that there should be a shift towards more meaningful pursuits.
   • This option is implied but not directly stated in the passage.
5. Final Answer:
   • The most supported statement by the passage is C. the hoard for fashion should be done away with so as not to let down the constructive development.