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The OA for Question 3 is particularly debatable as the author says "financial sector entities should be allowed to succeed or fail based on individual merit." So if the case of individual merit applies to companies in the private sector, shouldn't balance sheet cheating companies fail w/o govt. intervention?

D. Companies with questionable balance sheets will, without government assistance, almost always fail.

This answer is way too extreme. The passage never mentioned a destined failure of any company if there're questionable balance sheets.
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Nice passage. All correct.
Another instance that proves that sensing the author's tone is very crucial in passages dealing with Laws such as this one.
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TaN1213
Nice passage. All correct.
Another instance that proves that sensing the author's tone is very crucial in passages dealing with Laws such as this one.
Hi TaN1213,

How are you?
Can you please explain question no 2? I fell for A.
Help is well appreciated
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arvind910619
TaN1213
Nice passage. All correct.
Another instance that proves that sensing the author's tone is very crucial in passages dealing with Laws such as this one.
Hi TaN1213,

How are you?
Can you please explain question no 2? I fell for A.
Help is well appreciated

Hello arvind910619,

I am very well. Hope you are doing well too.
Answer to Q2 lies in the following excerpt from the passage-
"Thus, the theory and the practice of interventionism ultimately tend to abandon the principles that originally distinguished the free enterprise system from systems largely based on central planning, such as the former Soviet economy. In a truly free market, financial sector entities should be allowed to succeed or fail based on individual merit. "

While option A is close to be correct, option D is better as it can be found explicitly in the portion where central planning is discussed (excerpt above). The bold part says that central planning should not take place. The preceding sentence says that it had happened in the former Soviet economy. Author is clearly not very happy about this and considers it a mistake, as evident from the immediately succeeding bold part suggestion that he/she gives. (Pay attention whenever you find suggestions using the word 'should' in any RC, as it is what the author believes and the reason why he/she writes this passage) The mention of FORMER Soviet economy is done to express his/her resentment towards central planning.
Had option D not been given, A would have been the credible answer.
Hope this helped.
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TaN1213
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TaN1213
Nice passage. All correct.
Another instance that proves that sensing the author's tone is very crucial in passages dealing with Laws such as this one.
Hi TaN1213,

How are you?
Can you please explain question no 2? I fell for A.
Help is well appreciated

Hello arvind910619,

I am very well. Hope you are doing well too.
Answer to Q2 lies in the following excerpt from the passage-
"Thus, the theory and the practice of interventionism ultimately tend to abandon the principles that originally distinguished the free enterprise system from systems largely based on central planning, such as the former Soviet economy. In a truly free market, financial sector entities should be allowed to succeed or fail based on individual merit. "

While option A is close to be correct, option D is better as it can be found explicitly in the portion where central planning is discussed (excerpt above). The bold part says that central planning should not take place. The preceding sentence says that it had happened in the former Soviet economy. Author is clearly not very happy about this and considers it a mistake, as evident from the immediately succeeding bold part suggestion that he/she gives. (Pay attention whenever you find suggestions using the word 'should' in any RC, as it is what the author believes and the reason why he/she writes this passage) The mention of FORMER Soviet economy is done to express his/her resentment towards central planning.
Had option D not been given, A would have been the credible answer.
Hope this helped.
Hi TaN1213,

Well now i think D is much better than A.
I think author's tone can help us in question such as this.

Thanks you for your explanation :-)
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Agreed with you guys. It is the author, who is most important while reading through an RC Passage. Many people, many a times don't realise this and end up reading / understanding the passage from their individual perspective.

One thing that we also need to understand is that it takes a slightly different sort of reading to understand the author's perspective completely. You can watch this Youtube video for more information on that.

https://www.youtube.com/watch?v=kpJtVfK ... CK&index=3

Happy prepping.

Thanks,
Dudyala Saikiran
Byju's GMAT Expert
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Though I agree that D is least worst than other choices, I still think D is too far fetched . Calling "central planning " a mistake is nowhere warranted. The author just states the use of central planning is what Russia used to follow. and free market is contradictory to "capital planning" . BUt calling this a istake not to be repeated is beyond the scope. Author never tells us that US actually followed capital planning. Seconly, it seems that the Test makers are making their own assumption regarding "soviet union" ...as in whatever it does is wrong .
GMATNinja mikemcgarry VeritasPrepBrian please confirm my understanding.
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