UPSC Civil Services 2016 Prelims General Studies Paper II

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GENERAL COMPREHENSION
DIRECTIONS for the following que (1-8) : Read the following eight passages and answer the item that follows each passage. Your answers to these items should be based on the passages only.
PASSAGE-1
By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity and economic growth. Crony capitalism, where rich and the influential are alleged to have received land and natural resources and various licences in return for payoffs to venal politicians, is now a major issue to be tackled. One of the greatest dangers to growth of developing economies like India is the middle-income trap where crony capitalism creates oligarchies that slow down the growth.
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