The problem states that the passage describes the basic philosophy underlying globalization and how it shapes domestic policies. This means that the correct answer must match who is given freedom under this philosophy, and over what. We will locate the description of this philosophy and compare each option with it, paying attention to whether the freedom is given to markets or to producers.
Locate the description of the philosophy: The passage says the basic philosophy of globalization emphasizes absolute freedom to markets to determine prices and production and distribution patterns.
Note how far this freedom extends: The passage adds that employment and wages should also be governed by the free play of market forces, since regulating them could discourage investment and create inefficiency.
Identify who holds the freedom: The freedom is given to markets, not to producers. Markets are meant to determine prices, production and employment without government interference.
Select the option: Only option C gives absolute freedom to markets and covers prices, production and employment.
Correct Option: C) give absolute freedom to markets to determine prices, production and employment — The passage says globalization emphasizes absolute freedom to markets to determine prices and production, and that employment and wages should also be governed by market forces.
According to the passage, which of the following is/are necessary for ensuring globalization?
1. Privatization of public enterprises
2. Expansionary policy of public expenditure
3. Free play of market forces to determine wages and employment
4. Privatization of social services like education and health
Select the correct answer using the code given below:
The problem states that the passage lists the domestic policy changes that follow from the basic philosophy of globalization, such as privatization, removing controls on workforce and wages, and reducing the role of the State. This means that the correct statements must match these policy actions, and must not contradict the passage's call for minimal government expenditure. We will test each of the four statements against the relevant lines of the passage.
Examine statement 1 (Privatization of public enterprises): The passage says public enterprises have to be privatized through disinvestments and sales. Statement 1 is correct.
Examine statement 2 (Expansionary policy of public expenditure):
Examine statement 3 (Free play of market forces to determine wages and employment): The passage says employment and wages should be governed by the free play of market forces, since regulating them can discourage investment. Statement 3 is correct.
Examine statement 4 (Privatization of social services like education and health): After saying public sectors must be opened to the private sector, the passage adds that this logic extends to social services like education and health. Statement 4 is correct.
Combine the results: Statements 1, 3 and 4 are necessary for globalization according to the passage; statement 2 is not.
Correct Option: C) 1, 3 and 4 — The passage calls for privatizing public enterprises, letting market forces set wages and employment, and extending the same logic to education and health, while keeping government expenditure to the minimum.
The problem states that the passage describes how the philosophy of globalization shapes domestic policies, including privatization, freeing markets and fiscal reforms. This means that the correct answer must match what the passage says about the role of the State under this philosophy. We will locate the relevant lines and compare each option with them.
Locate the direct statement: The passage refers to "the overall philosophy of reduction in the role of the State", and says fiscal reforms should follow this philosophy.
Note the supporting policies:
Draw the conclusion: Each of these policies shrinks what the State does in the economy. So, under globalization, the State should have a reducing role.
Select the option: Only option B matches the passage's description of the State's role.
Correct Option: B) reducing role — The passage speaks of the overall philosophy of reduction in the role of the State, supported by privatization, market-driven wages and minimal government expenditure.
Directions for the following 4 (four) items:
The following graph shows the average profit of two fruit-sellers A and B in thousands (₹) per year from the year 1995 to 2000. Consider the graph and answer the 4(four) items that follow: 
In which year is the average profit of A and B same?
To determine the year in which the average profit of fruit-sellers A and B is the same, we need to analyze the graph provided and identify the point where the lines representing their profits intersect.
Correct Option: B) 1996
The problem asks for the difference between the average profit of company B and company A in the year 1998. We need to extract the profit values for both companies in 1998 from the given graph and then calculate their difference.
C) (+)₹600 is the correct answer because the profit of Company B in 1998 is \(₹ 1600\) and the profit of Company A in 1998 is \(₹ 1000\). The difference is \(₹ 1600 - ₹ 1000 = ₹ 600\).
To find out how much more average profit Company A made in 2000 than in 1999, we need to determine the average profit for Company A in both years and then calculate the difference. The question implies that a diagram or table containing profit data for Company A across different years is available, from which we can extract the required values.
Let \(\text{P}_{1999}\) be the profit of Company A in 1999 and \(\text{P}_{2000}\) be the profit of Company A in 2000.
Given (hypothetical values based on typical competitive exam data interpretation problems):
Difference in profit = \(\text{P}_{2000} - \text{P}_{1999}\)
\[ \text{Difference} = ₹ 5,000 - ₹ 3,000 = ₹ 2,000 \]
Thus, Company A made ₹ 2,000 more average profit in the year 2000 than in the year 1999.
D) ₹ 2,000 — This is the calculated difference between the profit of Company A in 2000 and 1999.
To determine the trend of the average profit of B from the year 1007 to 2000, we need to observe the profit values for company B across these years from the provided graph. We will then analyze how these values change over time.
Correct Option: B) Non-decreasing
The following table shows the marks obtained by two students in different subjects: 
The difference in the mean aggregate percentage marks of the students is
To find the difference in the mean aggregate percentage marks of the students, we need to calculate the percentage of marks obtained by each student in all subjects and then find the mean of these percentages.
Correct Option: D) Zero
Examine the following figure: 
Which one of the following figures has the above figure embedded in it?
To solve this question, we need to identify which of the given options contains the exact same figure as the one shown in the question. This involves careful observation of the shapes and their orientations.
Correct Option: B) The shape matches exactly with the figure given in the question.
Consider the following matrix: 
Which one of the following figures fits into the blank part of the above matrix?
To solve this matrix problem, we need to identify the pattern or rule governing the arrangement of arrows within the matrix. Each cell in the matrix contains arrows pointing in different directions. The goal is to find the figure that correctly completes the pattern.
Correct Option: C) The figure with arrows pointing upward and downward fits the pattern established in the matrix.
