Question

Which of the following does best describe attitude of the author towards rich people?

• A. Concerned
• B. Assiduous
• C. Indifferent
• D. Sympathetic
• A. The author defends the current money–credit system.
• B. The author rejects the idea that the central bank or government creates money and are busy debasing it in their self-interest.
• C. The author backs the protection of poor from menace of cryptocurrencies.
• D. All the above
• A. Antithesis
• B. Metaphor
• C. Personification
• D. Synecdoche
• A. Argumentative and explanatory
• B. Descriptive and argumentative
• C. Narrative and explanatory
• D. Expository and argumentative
• A. Exemption from regulation
• B. Privatization of money
• C. Disconnection of money from the economy
• D. All the above

Answer 1

The Correct Option is C

The correct option is (C): Indifferent.

Answer 2

The passage states: "if rich people want to lose their money, in this or any other way, they should be allowed to do so. The rich should be the vanguards of new things in case something unforeseen and good falls out of them. But we need to protect those vulnerable consumers..." The question asks how the author's attitude toward rich people is best described. Let's check each option.

1. Concerned: The author's concern in this passage is explicitly directed at "vulnerable consumers," who the author says "we need to protect." No such protective concern is expressed toward rich people, they are instead described as free to take the risk on their own.
2. Assiduous: This word means showing great care and perseverance, usually toward a task. The author is not shown working carefully on behalf of rich people or their interests anywhere in the passage, so this does not describe the author's attitude toward them.
3. Indifferent: The author states plainly that rich people "should be allowed" to lose their money "in this or any other way," a position of not minding either outcome for them, and contrasts this directly with the explicit concern reserved for vulnerable consumers. This shows a lack of concern specifically about what happens to the rich, which is what indifferent describes.
4. Sympathetic: Sympathy would involve sharing in or being moved by the rich's potential losses. The author's tone toward the rich is permissive and almost detached, "let them lose money if they want to," rather than sympathetic to any hardship they might face.

The author draws a clear line between the vulnerable, who need protecting, and the rich, whose losses the author is willing to let happen without objection, which is an attitude of indifference rather than concern, diligence, or sympathy.

Therefore, the correct answer is Indifferent.

Answer 3

The correct option is (D): All the above.

Answer 4

This question asks which statement holds true according to the passage's overall argument on money, central banking, and cryptocurrency. To answer it we need to check whether each individual claim (A, B, C) is actually supported by the passage, since the last option asks us to confirm all three together.

1. Option A: The passage's author is shown, across the piece, to speak in favour of the existing institutional arrangement under which central banks and governments issue and manage money, rather than dismissing it outright. This defence of the conventional money-credit system is one strand of the author's argument, so this statement is consistent with the passage.
2. Option B: The author also pushes back against the narrative used by cryptocurrency enthusiasts, that central banks and governments are illegitimate creators of money who debase it for their own benefit. By rejecting this narrative, the author is defending the credibility of the existing monetary authorities, which lines up with option A rather than contradicting it. This statement, too, is borne out by the passage.
3. Option C: Beyond the monetary-theory argument, the author expresses concern for ordinary and economically weaker sections of society who are most exposed to the volatility and speculative risk of cryptocurrencies, and argues for their protection. This is a third, separate strand of the same overall position, and it also holds true.
4. Option D: Since options A, B and C each describe a genuine part of the author's stance rather than being mutually exclusive alternatives, none of them can be picked in isolation without leaving out the rest of the argument.

Because the passage supports the author defending the existing money-credit system, rejecting the debasement narrative pushed by cryptocurrency advocates, and backing protection of the poor from cryptocurrency risk all at once, no single statement covers the full picture on its own.

Therefore, the correct answer is All the above.

Answer 5

The correct option is (B): Metaphor.

Answer 6

The question asks us to identify the literary/rhetorical device used in the phrase "cryptocurrencies are just the latest alchemy." To do this, we need to test the phrase against the definition of each device listed.

1. Antithesis: Antithesis places two contrasting ideas next to each other in a balanced structure, for example "give me liberty or give me death." The phrase in question does not set up two opposing ideas against one another; it simply equates one thing with another, so this is not the device being used.
2. Metaphor: A metaphor directly describes one thing as being another, without using "like" or "as," to transfer the qualities of one onto the other. Calling cryptocurrencies "alchemy" directly equates them with alchemy, the discredited pseudo-science that claimed to turn base metal into gold, in order to suggest that cryptocurrencies make a similarly false promise of turning nothing into wealth. This direct equation of two unlike things is the defining feature of a metaphor.
3. Personification: Personification gives human qualities or actions to a non-human thing or abstract concept. Cryptocurrencies are not being given any human trait here, they are simply being likened to another concept (alchemy), so personification does not apply.
4. Synecdoche: Synecdoche uses a part of something to represent the whole (or the whole to represent a part), such as calling a car "wheels." "Alchemy" is not a part of "cryptocurrencies," nor is it standing in for a broader whole in that relationship, so this device is not at work either.

Only the metaphor definition matches: the phrase substitutes "alchemy" for "cryptocurrencies" to carry over alchemy's associations of false, illusory transformation.

Therefore, the correct answer is Metaphor.

Answer 7

The correct option is (A): Argumentative and explanatory.

Answer 8

This question tests whether we can classify the overall writing style of the passage. Since each option pairs two descriptive terms, the passage must match BOTH terms in the chosen pair to be correct.

1. Argumentative and explanatory: An argumentative passage takes and defends a position (here, defending the existing monetary system and criticising cryptocurrency), while an explanatory passage lays out reasoning and cause-effect logic to help the reader understand the topic (here, explaining how money and central banks work and why the "debasement" narrative is flawed). The passage does both, it takes a clear stance AND explains the reasoning behind it, which matches this pair closely.
2. Descriptive and argumentative: A descriptive passage focuses on painting a picture of a scene, person, or state of affairs using sensory or observational detail, rather than building a reasoned case. While the passage is argumentative, it is not primarily descriptive, it isn't spending its effort describing appearances or settings, so this pairing does not fit.
3. Narrative and explanatory: A narrative passage tells a story with a sequence of events, often involving characters or a timeline. The passage is not recounting a story, it is making a case about money and cryptocurrency, so the narrative element is absent even though an explanatory element may be present.
4. Expository and argumentative: Expository writing is neutral, information-focused exposition without necessarily taking a side, whereas this passage is clearly opinionated and takes a side against uncritical enthusiasm for cryptocurrency. Since exposition implies a more neutral presentation than what the passage does, this pairing is a weaker fit than one that pairs the argumentative quality with explanatory reasoning.

The passage argues a position while also explaining the logic behind that position, which is precisely what "argumentative and explanatory" describes.

Therefore, the correct answer is Argumentative and explanatory.

Answer 9

The correct option is (D): All the above.

Answer 10

This question asks what cryptocurrency enthusiasts are said to depend on, according to the passage's critique of their position. Since the final option combines the first three, we need to check whether each one is a genuine part of that critique.

1. Exemption from regulation: A core appeal of cryptocurrency to its supporters is operating outside the oversight of central banks and financial regulators, free from the rules that govern conventional currency. This reliance on staying unregulated is one pillar of the enthusiasts' position.
2. Privatization of money: Cryptocurrency enthusiasts also favour taking the creation and control of money out of the hands of public institutions (central banks and governments) and putting it into private, decentralised hands instead. This is a second, distinct pillar of their outlook.
3. Disconnection of money from the economy: Enthusiasts additionally treat cryptocurrency as a store of value or speculative asset that need not be tied to real productive economic activity the way conventional currency is, which is a third distinct reliance.
4. All the above: Because these three reliances, avoiding regulation, moving money into private hands, and detaching money from the real economy, are all separately attributed to cryptocurrency enthusiasts rather than being alternatives to each other, the complete answer has to include all three together.

Each of the three specific reliances describes a different facet of the same underlying enthusiasm for cryptocurrency, so no single one by itself captures what the passage says these enthusiasts depend on.

Therefore, the correct answer is All the above.