1. Which one of the following best describes the organization of the passage?
(A) A predicament is outlined, factors leading up to the predicament are scrutinized, and an example of the predicament is offered.
(B) A phenomenon is described, an implication of the phenomenon is suggested, and an illustration of that implication is offered.
(C) A problem is presented, an example of the problem is provided, and a course of action addressing the problem is suggested.
(D) A generalization is made, evidence supporting the generalization is presented, and a particular instance illustrating the generalization is evaluated.
(E) A particular worldview is explained, its shortcomings are discussed, and an evaluation of these shortcomings is presented.
Correct Answer - E
Explanation: the passage, presents a view of how economic policies are established, then how are those policies beneficial for developed countries and not for developing countries is detailed, and then an example of the same has been mentioned in the end.
Options A,B, C,D,- we cannot say that's is a problem or a phenomenon or a predicament, its just a view of the author, and how the world views these economic policies differently.
2. Which one of the following best describes the relationship of the second paragraph to the passage as a whole?
(A) It predicts a future development.
(B) It qualifies an assertion made earlier by the author.
(C) It introduces a hypothesis that the author later expands upon.
(D) It clarifies a claim made in the preceding paragraph.
(E) It presents a counterexample to a general thesis.
Not sure where is the 2nd para mentioned, here is my answer:
Correct Answer - B
Explanation - as the author concludes the passage by mentioning: "By compelling developing countries to abolish trade protections and participate in free trade regimes, the IMF left those markets vulnerable to exploitation and predation.", implies that author agrees with what's mentioned earlier in the passage, and the this is a consequence of the same.
So B seems most appropriate.
Option A - no future development is predicted.
Option C - opposite of the same is true.
Options D,E - incorrect, as seems irrelevant to what's mentioned in the passage.