a)Food as well as water    b)is necessary      c)for life         d)No error

Each question in this section consists of three parts (a),(b),(c).Read each part to find out if there is any error,if there are no errors mark (d) as the answer.

 a)The reason for b)his failure is because c)he did not work hard d)No error

 A selection is to be made for one post of Principal and two posts of Vice-Principal. Amongst the six candidates called for the interview, only two are eligible for the post of Principal while they all are eligible for the post of Vice-Principal. The number of possible combinations of selectees is

Governments may have to take steps which would otherwise be an infringement on the Fundamental Rights of individuals, such as acquiring a person's land against his will, or refusing permission for putting up a building, but the larger public interest for which these are done must be authorized by the people (Parliament). Discretionary powers to the administration can be done away with. It is becoming more and more difficult to keep this power within limits as the government has many number of tasks to perform. Where discretion has to be used, there must be rules and safeguards to prevent misuse of that power. Systems have to be devised which minimise, if not prevent, the abuse of discretionary power. Government work must be conducted within a framework of recognised rules and principles, and decisions should be similar and predictable.

Which among the following is the most logical assumption that can be made from the above passage?

 What is the crucial message conveyed in the passage?

The existence/establishment of formal financial institutions that offer safe, reliable and alternative financial instruments is fundamental in mobilising savings. To save, individuals need access to safe and reliable financial institutions, such as banks, and to appropriate financial instruments and reasonable financial incentives. Such access is not always available to all people in developing countries like India and more so, in rural areas. Savings help poor households manage volatility in cash flow, smoothen consumption, and build working capital. Poor households without access to a formal savings mechanism encourage immediate spending temptations.

With reference to the above passage, consider the following statements:

1. Indian financial institutions do not offer any financial instruments to rural households to mobilise their savings.
2. Poor households tend to spend their earnings/savings due to lack of access to appropriate financial instruments.
Which of the statements given above is/are correct?