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?

We generally talk about democracy but when it comes to any particular thing, we prefer a belonging to our caste or community or religion. So long as we have this kind of temptation, our democracy will remain a phoney kind of democracy. We must be in a position to respect a man as a man and to extend opportunities for development to those who deserve them and not to those who happen to belong to our community or race. This fact of favouritism has been responsible for much discontent and ill-will in our country.

 Which one of the following statements best sums up the above passage?

Open defecation IS disastrous when practised in very densely populated areas, where it is impossible to keep away human faeces from crops, wells, food and children's hands. Groundwater is also contaminated by open defecation. Many ingested germs and worms spread diseases. They prevent the body from absorbing calories and nutrients. Nearly one-half of India's children remain malnourished. Lakhs of them die from preventable conditions. Diarrhoea leaves Indians' bodies smaller on average than those of people in some poorer countries where people eat fewer calories. Underweight mothers produce stunted babies prone to sickness who may fail to develop their full cognitive potential. The germs released into environment harm rich and poor alike, even those who use latrines.

Which among the following is the most critical inference that can be made from the above passage?

The Global Financial Stability Report finds that the share of portfolio investments from advanced economies in the total debt and equity investments in emerging economies has doubled in the past decade to 12 percent. The phenomenon has implications for Indian policy makers as foreign portfolio investments in the debt and equity markets have been on the rise. The phenomenon is also flagged as a threat that could compromise global financial stability in a chain reaction, in the event of United States Federal Reserve's imminent reversal of its "Quantitative Easing" policy.

 Which among the following is the most rational and critical inference that can be made from the above passage?

Climate change is already making many people hungry all over the world, by disrupting crop yields and pushing up prices. And it is not just food but nutrients that are becoming scarcer as the climate changes. It is the poorest communities that will suffer the worst effects of climate change, including increased hunger and malnutrition as crop production and livelihoods are threatened. On the other hand, poverty is a driver of climate change, as desperate communities resort to unsustainable use of resources to meet current needs.

Which among the following is the most logical corollary to the above passage?