Q1
Q1 Peter is in the East of Tom and Tom is in the North of John Mike is in the South of John then in which direction Peter is Mike?
South
South-West
South-East
West
Q2
Q2 What number comes next in the series:
48, 24, ___?
6
18
12
36
Q3
Q3 Pointing to a photograph, a man said, “I have no brother, and that man’s father is my father’s son.” Whose photograph was it?
His son
His own
His father
His nephew
Q4
Q4 If in a certain language, NOIDA is coded as OPIEB, how is DELHI coded in that language?
CDKGH
EFM IJ
FGNJK
IHLED
Q5
Q5 Which word does not belong to others?
Arc
Diameter
Diagonal
Radius
Q6
Q6 Arrange the following words in a meaningful sequence.
1.Yarn
2. Plant
3. Saree
4. Cotton
5. Cloth
2,4,1,5,3
2,4,3,5,1
2,4,5,3,1
2,4,5,1,3
Q7
Q7 Since the beginning of history
P. Have managed to catch
Q. the Eskimos and red Indians
R. By a very difficult method
S. A few specimens of this aquatic animal
PQRS
PRQS
PSRQ
QPSR
Q8
Q8 A French woman
P: committed suicide
Q: where she had been put up
R: who had come to Calcutta
S: by jumping from the first floor balcony of the hotel
The Proper sequence should be.
PRQS
RPSQ
SRQP
QSRP
Q9
Q9 Population of a city decreases by 10% at the end of first year and increases by 10% at the end of second year and again decreases by 10% at the end of third year. If the population of the city at the end of third year is 4455, then what was the population of the city at the beginning
of the first year? -
5000
5055
5056
5011
Q10
Q10 The electricity bill of a certain establishment is partly fixed and partly varies as the number of units of electricity consumed. When in a certain month 540 units are consumed, the bill is Rs. 1800. In another month 620 units are consumed and the bill is Rs. 2040. In yet another month 500 units are consumed then, the bill for that month would be
Rs. 1560
Rs. 1680
Rs. 1950
Rs. 1840
Q11
Q11 Amit and Ananthu can do work in 15 days and 25 days respectively. Amit started the work and left after 3 days. Ananthu took over and completed the work. In how many days was the total work completed?
20
23
25
26
Q12
Q12 Roghav borrows Rs.2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly installments. How much will each installment be?
Rs. 1275
Rs. 1283
Rs. 1352
Rs. 1377
Q13
Q13 An escalator moves towards the top level at the rate of 11 ft sec and its length is 140 feet. If a person walks on the moving escalator at the rate of 3 feet per second towards the top level, how much time does he take to cover the entire length.
10sec
11sec
12sec
9sec
Q14
Q14 A boat moves upstream at the rate of 1 km in 20 minutes and downstream 1 km in 12 minutes. The speed of the current is
1
1.3
1.5
2
Q15
Q15 The cost price of two types of tea are Rs. 180 per kg and Rs. 200 per kg respectively. On mixing them in the ratio 4:3, the mixture is sold at Rs. 210 per kg. In the whole transaction, the gain percent is
10%
11%
12%
14%
Q16
Q16 Eight people participated in a shooting competition. The top score in the competition is 85 points. Had the top score been 92 points instead of 85 points, the average score would have been 84. Find the number of points actually scored in the competition
645
665
558
672
Q17
Q17 Directions for the following : Consider the following graph and give answers to the questions. The following line graph gives the ratio of the amounts of imports by a company to the amount of exports from that company over the period from 1995 to 2001.
If the imports in 1998 was Rs. 250 crores and the total exports in the years 1998 and 1999 together was Rs. 500 crores, then the imports in 1999 was ?.
Rs. 250 crores
Rs. 420 crores
Rs. 300 crores
Rs. 357 crores
Q18
Q18 Directions for the following : Consider the following graph and give answers to the questions. The following line graph gives the ratio of the amounts of imports by a company to the amount of exports from that company over the period from 1995 to 2001.
The imports were minimum proportionate to the exports of the company in the year?
1995
1996
1997
2000
Q19
Q19 Directions for the following : Consider the following graph and give answers to the questions. The following line graph gives the ratio of the amounts of imports by a company to the amount of exports from that company over the period from 1995 to 2001.
What was the percentage increase in 1m ports from 1997 to 1998?
Data inadequate
56
28
72
Q20
Q20 Directions for the following : Consider the following graph and give answers to the questions. The following line graph gives the ratio of the amounts of imports by a company to the amount of exports from that company over the period from 1995 to 2001.
If the imports of the company ¡n 1996 was Rs. 272 crores, the exports from the company in 1996 was?
Rs. 370 crores
Rs. 320 crores
Rs. 280 crores
Rs. 275 crores
Q21
Q21 Directions for the following : Consider the following graph and give answers to the questions. The following line graph gives the ratio of the amounts of imports by a company to the amount of exports from that company over the period from 1995 to 2001.
In how many of the given years were the exports more than the imports?
1
2
3
4
Q22
Q22 Directions : Read the comprehension and answer the following questions below:
Mode of transportation affects the travel experience and thus can produce new types of travel writing and perhaps even new “identities.” Modes of transportation determine the types and duration of social encounters; affect the organization and passage of space and time and also affect perception and knowledge—how and what the traveler comes to know and write about. The completion of the first U.S. transcontinental highway during the I 920s . . . for example, inaugurated a new genre of travel literature about the United States—the automotive or road narrative. Such narratives highlight the experiences of mostly male protagonists “discovering themselves” on their journeys, emphasizing the independence of road travel and the value of rural folk traditions.
Travel writing’s relationship to empire building— as a type of “colonialist discourse”— has drawn the most attention from academicians. Close connections have been observed between European (and American) political, economic, and administrative goals for the colonies and their manifestations in the cultural practice of writing travel books. Travel writers’ descriptions of foreign places have been analyzed as attempts to validate, promote, or challenge the ideologies and practices of colonial or imperial domination and expansion. Mary Louise Pratt’s study of the genres and conventions of I 8th- and 19th- century exploration narratives about South America and Africa (e.g., the “monarch of all I survey” trope) offered ways of thinking about travel writing as embedded within relation of power between metropole and periphery, as did Edward Said’s theories representation and cultural imperialism.
Particularly Said’s book, Orientalism, helped scholars understand ways in which representations of people in travel texts were intimately bound up with notions of self, in this case, that the Occident defined itself through essentialist, ethnocentric, and racist representations of the Orient. Said’s work became a model for demonstrating cultural forms of imperialism in travel texts, showing how the political, economic, or administrative fact of dominance relies on legitimating discourses such as those articulated through travel writing Feminist geographers’ studies of travel writing challenge the masculinist history of geography by questioning who and what are relevant subjects of geographic study and, indeed, what counts as geographic knowledge itself. Such questions are worked through ideological constructs that posit men as explorers and women travelers—or, conversely, men as travelers and women as tied to the home.
Studies of Victorian women who were professional travel writers, tourists, wives of colonial administrators, and other (mostly) elite women who wrote narratives about their experiences abroad during the 19th century have been particularly revealing. From a “liberal” feminist perspective, travel presented one means toward female liberation for middle- and upper-class Victorian women. Many studies from the l970s onward demonstrated the ways in which women’s gendered identities were negotiated differently ‘at home” than they were away,” thereby showing women’s self-development through travel. The more recent poststructural turn in studies of Victorian travel writing has focused attention on women’s diverse and fragmented identities as they narrated their travel experiences, emphasizing women’s sense of themselves as women in new locations.‘ but only as they worked through their ties to nation, class, whiteness, and colonial and imperial power structures.
According to the passage, Said’s book, “Orientalism”:
illustrated how narrow minded and racist westerners were
demonstrated how cultural imperialism was used to justify colonial domination
explained the difference between representation of people and actual fact
argued that cultural imperialism was more significant than colonial domination
Q23
Q23 Directions : Read the comprehension and answer the following questions below:
Mode of transportation affects the travel experience and thus can produce new types of travel writing and perhaps even new “identities.” Modes of transportation determine the types and duration of social encounters; affect the organization and passage of space and time and also affect perception and knowledge—how and what the traveler comes to know and write about. The completion of the first U.S. transcontinental highway during the I 920s . . . for example, inaugurated a new genre of travel literature about the United States—the automotive or road narrative. Such narratives highlight the experiences of mostly male protagonists “discovering themselves” on their journeys, emphasizing the independence of road travel and the value of rural folk traditions.
Travel writing’s relationship to empire building— as a type of “colonialist discourse”— has drawn the most attention from academicians. Close connections have been observed between European (and American) political, economic, and administrative goals for the colonies and their manifestations in the cultural practice of writing travel books. Travel writers’ descriptions of foreign places have been analyzed as attempts to validate, promote, or challenge the ideologies and practices of colonial or imperial domination and expansion. Mary Louise Pratt’s study of the genres and conventions of I 8th- and 19th- century exploration narratives about South America and Africa (e.g., the “monarch of all I survey” trope) offered ways of thinking about travel writing as embedded within relation of power between metropole and periphery, as did Edward Said’s theories representation and cultural imperialism.
Particularly Said’s book, Orientalism, helped scholars understand ways in which representations of people in travel texts were intimately bound up with notions of self, in this case, that the Occident defined itself through essentialist, ethnocentric, and racist representations of the Orient. Said’s work became a model for demonstrating cultural forms of imperialism in travel texts, showing how the political, economic, or administrative fact of dominance relies on legitimating discourses such as those articulated through travel writing Feminist geographers’ studies of travel writing challenge the masculinist history of geography by questioning who and what are relevant subjects of geographic study and, indeed, what counts as geographic knowledge itself. Such questions are worked through ideological constructs that posit men as explorers and women travelers—or, conversely, men as travelers and women as tied to the home.
Studies of Victorian women who were professional travel writers, tourists, wives of colonial administrators, and other (mostly) elite women who wrote narratives about their experiences abroad during the 19th century have been particularly revealing. From a “liberal” feminist perspective, travel presented one means toward female liberation for middle- and upper-class Victorian women. Many studies from the l970s onward demonstrated the ways in which women’s gendered identities were negotiated differently ‘sat home” than they were away,” thereby showing women’s self-development through travel. The more recent poststructural turn in studies of Victorian travel writing has focused attention on women’s diverse and fragmented identities as they narrated their travel experiences, emphasizing women’s sense of themselves as women in new locations.‘ but only as they worked through their ties to nation, class, whiteness, and colonial and imperial power structures.
From the passage, it can be inferred that scholars argue that Victorian women experienced self-development through their travels because:
their identity was redefined when they were away from home
they were from the progressive middle- and upper-classes of society
they were on a quest to discover their diverse identities
they developed a feminist perspective of the world
Q24
Q24 Directions : Read the comprehension and answer the following questions below:
Mode of transportation affects the travel experience and thus can produce new types of travel writing and perhaps even new “identities.” Modes of transportation determine the types and duration of social encounters; affect the organization and passage of space and time and also affect perception and knowledge—how and what the traveler comes to know and write about. The completion of the first U.S. transcontinental highway during the I 920s . . . for example, inaugurated a new genre of travel literature about the United States—the automotive or road narrative. Such narratives highlight the experiences of mostly male protagonists “discovering themselves” on their journeys, emphasizing the independence of road travel and the value of rural folk traditions.
Travel writing’s relationship to empire building— as a type of “colonialist discourse”— has drawn the most attention from academicians. Close connections have been observed between European (and American) political, economic, and administrative goals for the colonies and their manifestations in the cultural practice of writing travel books. Travel writers’ descriptions of foreign places have been analyzed as attempts to validate, promote, or challenge the ideologies and practices of colonial or imperial domination and expansion. Mary Louise Pratt’s study of the genres and conventions of I 8th- and 19th- century exploration narratives about South America and Africa (e.g., the “monarch of all I survey” trope) offered ways of thinking about travel writing as embedded within relation of power between metropole and periphery, as did Edward Said’s theories representation and cultural imperialism.
Particularly Said’s book, Orientalism, helped scholars understand ways in which representations of people in travel texts were intimately bound up with notions of self, in this case, that the Occident defined itself through essentialist, ethnocentric, and racist representations of the Orient. Said’s work became a model for demonstrating cultural forms of imperialism in travel texts, showing how the political, economic, or administrative fact of dominance relies on legitimating discourses such as those articulated through travel writing Feminist geographers’ studies of travel writing challenge the masculinist history of geography by questioning who and what are relevant subjects of geographic study and, indeed, what counts as geographic knowledge itself. Such questions are worked through ideological constructs that posit men as explorers and women travelers—or, conversely, men as travelers and women as tied to the home.
Studies of Victorian women who were professional travel writers, tourists, wives of colonial administrators, and other (mostly) elite women who wrote narratives about their experiences abroad during the 19th century have been particularly revealing. From a “liberal” feminist perspective, travel presented one means toward female liberation for middle- and upper-class Victorian women. Many studies from the l970s onward demonstrated the ways in which women’s gendered identities were negotiated differently ‘at home” than they were away,” thereby showing women’s self-development through travel. The more recent poststructural turn in studies of Victorian travel writing has focused attention on women’s diverse and fragmented identities as they narrated their travel experiences, emphasizing women’s sense of themselves as women in new locations.‘ but only as they worked through their ties to nation, class, whiteness, and colonial and imperial power structures.
From the passage, it can be inferred that scholars argue that Victorian women experienced self-development through their travels because:
American travel literature of the 1920s:
developed the male protagonists’ desire for independence
presented travelers' discovery of their identity as different from others
Celebrated the freedom that travel gives
showed participation in local traditions
Q25
Q25 Directions : Read the comprehension and answer the following questions below:
Mode of transportation affects the travel experience and thus can produce new types of travel writing and perhaps even new “identities.” Modes of transportation determine the types and duration of social encounters; affect the organization and passage of space and time and also affect perception and knowledge—how and what the traveler comes to know and write about. The completion of the first U.S. transcontinental highway during the I 920s . . . for example, inaugurated a new genre of travel literature about the United States—the automotive or road narrative. Such narratives highlight the experiences of mostly male protagonists “discovering themselves” on their journeys, emphasizing the independence of road travel and the value of rural folk traditions.
Travel writing’s relationship to empire building— as a type of “colonialist discourse”— has drawn the most attention from academicians. Close connections have been observed between European (and American) political, economic, and administrative goals for the colonies and their manifestations in the cultural practice of writing travel books. Travel writers’ descriptions of foreign places have been analyzed as attempts to validate, promote, or challenge the ideologies and practices of colonial or imperial domination and expansion. Mary Louise Pratt’s study of the genres and conventions of I 8th- and 19th- century exploration narratives about South America and Africa (e.g., the “monarch of all I survey” trope) offered ways of thinking about travel writing as embedded within relation of power between metropole and periphery, as did Edward Said’s theories representation and cultural imperialism.
Particularly Said’s book, Orientalism, helped scholars understand ways in which representations of people in travel texts were intimately bound up with notions of self, in this case, that the Occident defined itself through essentialist, ethnocentric, and racist representations of the Orient. Said’s work became a model for demonstrating cultural forms of imperialism in travel texts, showing how the political, economic, or administrative fact of dominance relies on legitimating discourses such as those articulated through travel writing Feminist geographers’ studies of travel writing challenge the masculinist history of geography by questioning who and what are relevant subjects of geographic study and, indeed, what counts as geographic knowledge itself. Such questions are worked through ideological constructs that posit men as explorers and women travelers—or, conversely, men as travelers and women as tied to the home.
Studies of Victorian women who were professional travel writers, tourists, wives of colonial administrators, and other (mostly) elite women who wrote narratives about their experiences abroad during the 19th century have been particularly revealing. From a “liberal” feminist perspective, travel presented one means toward female liberation for middle- and upper-class Victorian women. Many studies from the l970s onward demonstrated the ways in which women’s gendered identities were negotiated differently ‘at home” than they were away,” thereby showing women’s self-development through travel. The more recent poststructural turn in studies of Victorian travel writing has focused attention on women’s diverse and fragmented identities as they narrated their travel experiences, emphasizing women’s sense of themselves as women in new locations.‘ but only as they worked through their ties to nation, class, whiteness, and colonial and imperial power structures.
From the passage, it can be inferred that scholars argue that Victorian women experienced self-development through their travels because:
From the passage, we can infer that feminist scholars’ understanding of the experiences of Victorian women travellers is influenced by all of the following EXCEPT scholars’:
perspective that they bring to their research
Knowledge of class tensions in Victorian society
awareness of gender issues in Victorian society
awareness of the ways in which identity is formed
Q26
Q26 Directions : Read the comprehension and answer the following questions below:
Mode of transportation affects the travel experience and thus can produce new types of travel writing and perhaps even new “identities.” Modes of transportation determine the types and duration of social encounters; affect the organization and passage of space and time and also affect perception and knowledge—how and what the traveler comes to know and write about. The completion of the first U.S. transcontinental highway during the I 920s . . . for example, inaugurated a new genre of travel literature about the United States—the automotive or road narrative. Such narratives highlight the experiences of mostly male protagonists “discovering themselves” on their journeys, emphasizing the independence of road travel and the value of rural folk traditions.
Travel writing’s relationship to empire building— as a type of “colonialist discourse”— has drawn the most attention from academicians. Close connections have been observed between European (and American) political, economic, and administrative goals for the colonies and their manifestations in the cultural practice of writing travel books. Travel writers’ descriptions of foreign places have been analyzed as attempts to validate, promote, or challenge the ideologies and practices of colonial or imperial domination and expansion. Mary Louise Pratt’s study of the genres and conventions of I 8th- and 19th- century exploration narratives about South America and Africa (e.g., the “monarch of all I survey” trope) offered ways of thinking about travel writing as embedded within relation of power between metropole and periphery, as did Edward Said’s theories representation and cultural imperialism.
Particularly Said’s book, Orientalism, helped scholars understand ways in which representations of people in travel texts were intimately bound up with notions of self, in this case, that the Occident defined itself through essentialist, ethnocentric, and racist representations of the Orient. Said’s work became a model for demonstrating cultural forms of imperialism in travel texts, showing how the political, economic, or administrative fact of dominance relies on legitimating discourses such as those articulated through travel writing Feminist geographers’ studies of travel writing challenge the masculinist history of geography by questioning who and what are relevant subjects of geographic study and, indeed, what counts as geographic knowledge itself. Such questions are worked through ideological constructs that posit men as explorers and women travelers—or, conversely, men as travelers and women as tied to the home.
Studies of Victorian women who were professional travel writers, tourists, wives of colonial administrators, and other (mostly) elite women who wrote narratives about their experiences abroad during the 19th century have been particularly revealing. From a “liberal” feminist perspective, travel presented one means toward female liberation for middle- and upper-class Victorian women. Many studies from the l970s onward demonstrated the ways in which women’s gendered identities were negotiated differently ‘at home” than they were away,” thereby showing women’s self-development through travel. The more recent poststructural turn in studies of Victorian travel writing has focused attention on women’s diverse and fragmented identities as they narrated their travel experiences, emphasizing women’s sense of themselves as women in new locations.‘ but only as they worked through their ties to nation, class, whiteness, and colonial and imperial power structures.
From the passage, we can infer that travel writing is most similar to:
feminist writing
historical fiction
political journalism
Autobiographical writing
Q27
Q27 Directions : Read the comprehension and answer the following questions below:
It is an absolutely amazing story, full of human interest and drama, one whose byways of mathematics, economics, and psychology are both central to the story of the last decades and mysteriously unknown to the general public. We have heard a lot about “the two cultures” of science and the arts—we heard a particularly large amount about it in 2009, because it was the fiftieth anniversary of the speech during which C. P. Snow first used the phrase. But I’m not sure the idea of a huge gap between science and the arts is as true as it was half a century ago- it’s certainly true, for instance, that a general reader who wants to pick up an education in the fundamentals of science will find it easier than ever before. It seems to me that there is a much bigger gap between the world of finance and that of the general public and that there is a need to narrow that gap, if the financial industry is not to be a kind of priesthood, administering to its own mysteries and feared and resented by the rest of us.
Many bright, literate people have no idea about all sorts of economic basics, of a type that financial insiders take as elementary facts of how the world works. I am an outsider to finance and economics, and my hope is that I can talk across that gulf. My need to understand is the same as yours, whoever you are. That’s one of the strangest ironies of this story: after decades in which the ideology of the Western world was personally and economically individualistic, we’ve suddenly been hit by a crisis which shows in the starkest terms that whether we like it or not—and there are large parts of it that you would have to be crazy to like—we’re all in this together. The aftermath of the crisis is going to dominate the economics and politics of our societies for at least a decade to come and perhaps longer
Which one of the following best captures the main argument of the last paragraph of the passage?
The aftermath of the crisis will strengthen the central ideology of individualism in the Western world.
Whoever you are, you would be crazy to think that there is no crisis.
In the decades to come, other ideologies will emerge in the aftermath of the crisis.
The ideology of individualism must be set aside in order to deal with the crisis.
Q28
Q28 Directions : Read the comprehension and answer the following questions below:
It is an absolutely amazing story, full of human interest and drama, one whose byways of mathematics, economics, and psychology are both central to the story of the last decades and mysteriously unknown to the general public. We have heard a lot about “the two cultures” of science and the arts—we heard a particularly large amount about it in 2009, because it was the fiftieth anniversary of the speech during which C. P. Snow first used the phrase. But I’m not sure the idea of a huge gap between science and the arts is as true as it was half a century ago- it’s certainly true, for instance, that a general reader who wants to pick up an education in the fundamentals of science will find it easier than ever before. It seems to me that there is a much bigger gap between the world of finance and that of the general public and that there is a need to narrow that gap, if the financial industry is not to be a kind of priesthood, administering to its own mysteries and feared and resented by the rest of us.
Many bright, literate people have no idea about all sorts of economic basics, of a type that financial insiders take as elementary facts of how the world works. I am an outsider to finance and economics, and my hope is that I can talk across that gulf. My need to understand is the same as yours, whoever you are. That’s one of the strangest ironies of this story: after decades in which the ideology of the Western world was personally and economically individualistic, we’ve suddenly been hit by a crisis which shows in the starkest terms that whether we like it or not—and there are large parts of it that you would have to be crazy to like—we’re all in this together. The aftermath of the crisis is going to dominate the economics and politics of our societies for at least a decade to come and perhaps longer
Which one of the following, if true, would be an accurate inference from the first sentence of the passage?
The author has witnessed many economic crises by travelling a lot for two years.
The author’s preoccupation with the economic crisis is not less than two years old.
The author is preoccupied with the economic crisis because he is being followed.
The economic crisis outlasted the author’s preoccupation with it.
Q29
Q29 Directions : Read the comprehension and answer the following questions below:
It is an absolutely amazing story, full of human interest and drama, one whose byways of mathematics, economics, and psychology are both central to the story of the last decades and mysteriously unknown to the general public. We have heard a lot about “the two cultures” of science and the arts—we heard a particularly large amount about it in 2009, because it was the fiftieth anniversary of the speech during which C. P. Snow first used the phrase. But I’m not sure the idea of a huge gap between science and the arts is as true as it was half a century ago- it’s certainly true, for instance, that a general reader who wants to pick up an education in the fundamentals of science will find it easier than ever before. It seems to me that there is a much bigger gap between the world of finance and that of the general public and that there is a need to narrow that gap, if the financial industry is not to be a kind of priesthood, administering to its own mysteries and feared and resented by the rest of us.
Many bright, literate people have no idea about all sorts of economic basics, of a type that financial insiders take as elementary facts of how the world works. I am an outsider to finance and economics, and my hope is that I can talk across that gulf. My need to understand is the same as yours, whoever you are. That’s one of the strangest ironies of this story: after decades in which the ideology of the Western world was personally and economically individualistic, we’ve suddenly been hit by a crisis which shows in the starkest terms that whether we like it or not—and there are large parts of it that you would have to be crazy to like—we’re all in this together. The aftermath of the crisis is going to dominate the economics and politics of our societies for at least a decade to come and perhaps longer
Which one of the following, if false, could be seen as supporting the author’s claims?
The economic crisis was not a failure of collective action to rectify economic problems.
Most people are yet to gain any real understanding of the workings of the financial world.
The huge gap between science and the arts has steadily narrowed over time.
The global economic crisis lasted for more than two years.
Q30
Q30 Directions : Read the comprehension and answer the following questions below:
It is an absolutely amazing story, full of human interest and drama, one whose byways of mathematics, economics, and psychology are both central to the story of the last decades and mysteriously unknown to the general public. We have heard a lot about “the two cultures” of science and the arts—we heard a particularly large amount about it in 2009, because it was the fiftieth anniversary of the speech during which C. P. Snow first used the phrase. But I’m not sure the idea of a huge gap between science and the arts is as true as it was half a century ago- it’s certainly true, for instance, that a general reader who wants to pick up an education in the fundamentals of science will find it easier than ever before. It seems to me that there is a much bigger gap between the world of finance and that of the general public and that there is a need to narrow that gap, if the financial industry is not to be a kind of priesthood, administering to its own mysteries and feared and resented by the rest of us.
Many bright, literate people have no idea about all sorts of economic basics, of a type that financial insiders take as elementary facts of how the world works. I am an outsider to finance and economics, and my hope is that I can talk across that gulf. My need to understand is the same as yours, whoever you are. That’s one of the strangest ironies of this story: after decades in which the ideology of the Western world was personally and economically individualistic, we’ve suddenly been hit by a crisis which shows in the starkest terms that whether we like it or not—and there are large parts of it that you would have to be crazy to like—we’re all in this together. The aftermath of the crisis is going to dominate the economics and politics of our societies for at least a decade to come and perhaps longer
All of the following, if true, could be seen as supporting the arguments in the passage, EXCEPT:
The failure of economic systems does not necessarily mean the failure of their ideologies.
The story of the economic crisis is also one about international relations, global financial security, and mass psychology.
The difficulty with understanding financial matters is that they have become so arcane.
Economic crises could be averted by changing prevailing ideologies and beliefs.