RC 6 Answer

31. d Throughout the passage the author has argued that

the banks and the financial sector had an important

role in causing the Great Recession. Bernie Madoff is

guilty but he is hardly the only person who deserves

to go to prison. Refer to the lines "Just because

Madoff is a crook sitting in jail does not mean he isn't

right when he tells us to look elsewhere, too." Option

(a) cannot be the answer as it cannot be the insight

given by Madoff. Also, option (a) is contradictory to

the author's opinion-"It is the classic "one bad apple"

defence of the kind banks and Wall Street specialise

in. It is not the system's or the bosses' fault, they say,

it is just a few rogue operators and they have been

dealt with...". Option (b) states that the recession was

caused by the failure of banking organizations , which

is incorrect. The option does not state what exactly

this failure was. Option (c) is not the answer as the

author merely mentions the venality of the finance

industry. He/she does not attribute the Recession to it.

32. b The answer can be inferred from the lines "Madoff

and his scheme have become a useful foil for the

entire finance industry... … It's Madoff who spurs public

outrage and whose jailing has satiated a quest for

justice". The author says that it is Madoff who is

ultimately cast as the villain and the cause of the

recession by the entire finance industry. Option (b)

comes closest to expressing this. Option (a) is incorrect

as it does not specifically discuss discusses the role

of banking industry in causing recession .

33. b The central idea of the passage is how Bernie Madoff

is not the only person responsible for the recession.

The author argues that we need to consider the role

of the entire financial sector also. Hence, option (b)

works best. Options (a) is contradictory to the ideas

presented in the passage. Option (d) is incorrect as

the author does not discuss 'how' the financial sector

contributed to the Recession. He/she only states that

it played a part.Option ( c) is incorrect as it stresses

how Madoff was responsible for the recession .