UPSC Prelims 2014 · CSAT
Question 52: Reading Comprehension
The apologists of the “Free Market System”, according to the passage, believe in
AnswerUPSC’s answer is (c).
The author says public discussion of the crisis revolves around how efficient markets are and whether they can repair themselves, while the system's defenders keep praising capitalism and treat the crisis as a passing glitch. Their belief is therefore that the market can correct itself. Lack of control is how an unregulated market is described, which the author treats as an assumption inside their biased thinking, not their stated belief about the crisis.
Why each option is right or wrong
- (a) An unregulated market appears as an assumption behind their bias, but self-correction is the belief tied to their defence.
- (b) Protection by the government is not discussed.
- (c) Right. They argue that the market corrects itself and treat the crisis as a passing glitch.
- (d) Free goods and services are not mentioned.
Answer: UPSC’s key. Explanation: written by UPSC Grade, not by UPSC.
Source: UPSC, Civil Services (Preliminary) Examination 2014, General Studies Paper II (CSAT), Series A. The paper on upsc.gov.in.