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Study the following passage and answer the following questions:Instead of being concerned with what actually happens in practice….(economics) is increasingly preoccupied with developing pseudo-mathematical formulas. These provide models of behavior which…

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Study the following passage and answer the following questions:The tribes should develop their own culture and make their contribution to the cultural richness of the country. It  is  unnecessary  to  cause  them …

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Read the following passage carefully and answer the following questions. Certain words/phrases have been printed in ITALIC and have been underlined to help you locate them while answering some of the questions. Financial Inclusion (FI) is an emerging priority for banks that have nowhere else to go to achieve business growth. The viability of FI business is under question, because while banks and their delivery partners continue to make investments, they haven’t seen commensurate returns. In markets like India, most programmes are focussed on customer on boarding, an expensive process which people often find difficult to afford, involving issuance of smart cards to the customers. However, large scale customer scquisition hasn’t translated into large-scale business, with many…

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Study the passage carefully and answer the following questions.     Whatever the problem, someone can always oversimplify it. Sometimes a problem is simpler than it seems at first sight, and a cool mind can point to an easy answer. More often though, the simple answers don’t really meet the case. A great scientist of an earlier day, Sir Arthur Eddington, once said that we often think that when we have completed our study of one, we know all about two, because “two is one and one”. We forget that we still have to make a study of “and”.     There’s an important point here, an…

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