- Study Anytime, Anywhere through Our Mobile App & Web Portal
- 1000+ Video Lectures by CAT/XAT Topper Faculties
- 400+ Hours content of CAT Preparation Videos
- 9000+ Questions in Online CAT Coaching Course
- 200+ Topic Based Tests (50+ Basic, 50+ Moderate & 50+ Advanced Level)
- 20+ CAT Mocks (Pro CATs – Best Online Tests Series for CAT)
- 10+ Mock OMETs (Online Test Series for SNAP, NMAT, IIFT, XAT, TISS, CMAT)
- Online Doubt Solving on One – to – One basis
- GD-PI-WAT Online Preparation Material
Get access to the detailed solutions to the previous year's questions asked in XAT exam.
Option A: It can be inferred from the last statement: "free flow of short-term capital - a key feature of market fundamentalist policies - would produce not growth but instability have also been borne out."
Option B: It can be inferred from the first line of the paragraph where the example is given.
Option C: It can be inferred from the last paragraph where the author says that the economic progress of Asian countries is difficult to understand as they did not follow the principles of the economic theory mentioned in the passage.
Option D: It can be inferred from the first paragraph: "Nor do markets, by themselves, necessarily lead to economic efficiency when the task of a country is to absorb new technology"
Option E: It cannot be inferred from the passage as the example of Asia in the last paragraph contradicts it.
Hence, the answer is option D.