SERIES 11 Test Booklet Serial No - Bharatstudent.com

124. What is the key reason for the growth of Western Capitalism during the reference period in
the passage:
(1) Expensive wars gave rise to entrepreneurship in Europe that paved way for the industrial
revolution
(2) Paying large interest on money borrowed from the public fuelled the capitalist revolution in
Europe
(3) The reasonably efficient machinery for raising loans and maintenance of government‟s
“credit” in the financial market fuelled growth
(4) The two-way systems of raising and simultaneously spending vast sums of money fanned
the development of Western Capitalism
125. Why was Amsterdam successful in investing in foreign companies during the period
when all of Europe was weighed down by excessive expenditure in war?
(1) The United Provinces was efficient in dealing with public and government transactions and
this created an atmosphere where long term investments were considered normal
(2) Amsterdam per se was never involved in any of the wars the European nations were
engaged in, and therefore had surplus capital to invest
(3) The merchants in Amsterdam were also government officials and they ensured that all
transactions between people and government were mutually beneficial, as is the case in a
joint-venture.
(4) All statements are correct
126. What is the opinion of experts regarding Europe‟s economic health during the period of
reference in the passage:
(1) Experts are still not sure whether the economic health was good or bad in Europe during
the period
(2) In absolute terms there was definitely a lot of economic loss, but in relative terms there was
a gain
(3) Keeping a long term perspective, the period of reference let to good economic health in
Europe, even though the state did spend a lot on wars
(4) None of the statements is true