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Read the following passage carefully and answer the questions given below it. Certain words/phrases are printed in underlineto help you to locate them while answering some of the questions.The outside world has pat answers concerning extremely impoverished countries, especially those in Africa. Everything comes back, again and again, to corruption and misrule. Western officials argue that Africa simply needs to behave itself better, to allow market forces to operate without interference by corrupt rulers. Yet the critics of African governance have it wrong. Politics simply can’t explain Africa’s prolonged economic crisis. The claim that Africa’s corruption is the basic source of the problem does not withstand serious scrutiny. During the past decade, I witnessed how relatively well-governed countries in Africa, such as Ghana, Malawi, Mali and Senegal, failed to prosper, whereas societies in Asia perceived to haveextensivecorruption, such as Bangladesh, Indonesia and Pakistan, enjoyed rapid economic growth.What is the explanation? Every situation of extreme poverty around the world contains some of its own unique causes, which need to be diagnosed as a doctor would a patient. For example, Africa is burdened with malaria-like no other part of the world, simply because it is unlucky in providing the perfect conditions for that disease; high temperatures, plenty of breeding sites and particular species of malaria-transmitting mosquitoes that prefer to bite humans rather than cattle.Anothermythis that the developed world already gives plenty of aid to the world’s poor. Former U.S. Secretary of the Treasury, Paul O’Neil ex-pressed a common frustration when he remarked about aid for Africa: "We’ve spent trillions of dollars on these problems and we have damn near nothing to show for it". O’Neil was no foe of foreign aid. Indeed, he wanted to fix the system so that more U.S. aid could be justified. But he was wrong to believe that vast flows of aid to Africa had beensquandered. President Bush said in a press conference in April 2004 that as "the greatest power on the face of the earth, we have an obligation to help the spread of freedom. We have anobligationto feed the hungry". Yet how does the U.S. fulfil its obligation? U.S. aid to farmers in poor countries to help them grow more food runs at around $200 million per year, far less than $1 per person per year for the hundreds of millions of people living in subsistence farm households.From the world as a whole, the amount of aid per African per year is really very small, just $30 per sub-Saharan African in 2002. Of that modest amount, almost $5 was actually for consultants from the donor countries, more than $3 was for emergency aid, about $4 went for servicing Africa’s debts and $ 5 was for debt-relief operations. The rest, about $12, went to Africa. Since the "money down the drain" argument is heard most frequently in the U.S., it’s worth looking at the same calculations for U.S. aid alone. In 2002, the U.S. gave $3 per sub-Saharan African. Taking out the parts for U.S. consultants and technical cooperation, food and other emergency aid. administrative costs and debt relief, the aid per African came to grand total of 6 cents.The U.S. has promised repeatedly over the decades, as a signatory to global agreements like the Monterrey Consensus of 2002, to give a much larger proportion of its annual output, specifically up to 0.7% of GNP, to official development assistance. The U.S. failure to follow through has no political fallout domestically, of course. because not one in a million U.S. citizens even know of statements like the Monterrey Consensus. But no one should underestimate the salience that it has around the world. Spin as American might about their nation’s generosity, the poor countries are fully aware of what the U.S. is not doing.Q. The author has given the example of Bangladesh, Indonesia and Pakistan in support of his argument thata)corruption is the major culprit in the way of prosperityb)mis-governance hampers the prosperity of nationsc)despite rampant corruption, nations may prosperd)developed nations arrogantly neglect underdeveloped countriese)None of theseCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Read the following passage carefully and answer the questions given below it. Certain words/phrases are printed in underlineto help you to locate them while answering some of the questions.The outside world has pat answers concerning extremely impoverished countries, especially those in Africa. Everything comes back, again and again, to corruption and misrule. Western officials argue that Africa simply needs to behave itself better, to allow market forces to operate without interference by corrupt rulers. Yet the critics of African governance have it wrong. Politics simply can’t explain Africa’s prolonged economic crisis. The claim that Africa’s corruption is the basic source of the problem does not withstand serious scrutiny. During the past decade, I witnessed how relatively well-governed countries in Africa, such as Ghana, Malawi, Mali and Senegal, failed to prosper, whereas societies in Asia perceived to haveextensivecorruption, such as Bangladesh, Indonesia and Pakistan, enjoyed rapid economic growth.What is the explanation? Every situation of extreme poverty around the world contains some of its own unique causes, which need to be diagnosed as a doctor would a patient. For example, Africa is burdened with malaria-like no other part of the world, simply because it is unlucky in providing the perfect conditions for that disease; high temperatures, plenty of breeding sites and particular species of malaria-transmitting mosquitoes that prefer to bite humans rather than cattle.Anothermythis that the developed world already gives plenty of aid to the world’s poor. Former U.S. Secretary of the Treasury, Paul O’Neil ex-pressed a common frustration when he remarked about aid for Africa: "We’ve spent trillions of dollars on these problems and we have damn near nothing to show for it". O’Neil was no foe of foreign aid. Indeed, he wanted to fix the system so that more U.S. aid could be justified. But he was wrong to believe that vast flows of aid to Africa had beensquandered. President Bush said in a press conference in April 2004 that as "the greatest power on the face of the earth, we have an obligation to help the spread of freedom. We have anobligationto feed the hungry". Yet how does the U.S. fulfil its obligation? U.S. aid to farmers in poor countries to help them grow more food runs at around $200 million per year, far less than $1 per person per year for the hundreds of millions of people living in subsistence farm households.From the world as a whole, the amount of aid per African per year is really very small, just $30 per sub-Saharan African in 2002. Of that modest amount, almost $5 was actually for consultants from the donor countries, more than $3 was for emergency aid, about $4 went for servicing Africa’s debts and $ 5 was for debt-relief operations. The rest, about $12, went to Africa. Since the "money down the drain" argument is heard most frequently in the U.S., it’s worth looking at the same calculations for U.S. aid alone. In 2002, the U.S. gave $3 per sub-Saharan African. Taking out the parts for U.S. consultants and technical cooperation, food and other emergency aid. administrative costs and debt relief, the aid per African came to grand total of 6 cents.The U.S. has promised repeatedly over the decades, as a signatory to global agreements like the Monterrey Consensus of 2002, to give a much larger proportion of its annual output, specifically up to 0.7% of GNP, to official development assistance. The U.S. failure to follow through has no political fallout domestically, of course. because not one in a million U.S. citizens even know of statements like the Monterrey Consensus. But no one should underestimate the salience that it has around the world. Spin as American might about their nation’s generosity, the poor countries are fully aware of what the U.S. is not doing.Q. The author has given the example of Bangladesh, Indonesia and Pakistan in support of his argument thata)corruption is the major culprit in the way of prosperityb)mis-governance hampers the prosperity of nationsc)despite rampant corruption, nations may prosperd)developed nations arrogantly neglect underdeveloped countriese)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following passage carefully and answer the questions given below it. Certain words/phrases are printed in underlineto help you to locate them while answering some of the questions.The outside world has pat answers concerning extremely impoverished countries, especially those in Africa. Everything comes back, again and again, to corruption and misrule. Western officials argue that Africa simply needs to behave itself better, to allow market forces to operate without interference by corrupt rulers. Yet the critics of African governance have it wrong. Politics simply can’t explain Africa’s prolonged economic crisis. The claim that Africa’s corruption is the basic source of the problem does not withstand serious scrutiny. During the past decade, I witnessed how relatively well-governed countries in Africa, such as Ghana, Malawi, Mali and Senegal, failed to prosper, whereas societies in Asia perceived to haveextensivecorruption, such as Bangladesh, Indonesia and Pakistan, enjoyed rapid economic growth.What is the explanation? Every situation of extreme poverty around the world contains some of its own unique causes, which need to be diagnosed as a doctor would a patient. For example, Africa is burdened with malaria-like no other part of the world, simply because it is unlucky in providing the perfect conditions for that disease; high temperatures, plenty of breeding sites and particular species of malaria-transmitting mosquitoes that prefer to bite humans rather than cattle.Anothermythis that the developed world already gives plenty of aid to the world’s poor. Former U.S. Secretary of the Treasury, Paul O’Neil ex-pressed a common frustration when he remarked about aid for Africa: "We’ve spent trillions of dollars on these problems and we have damn near nothing to show for it". O’Neil was no foe of foreign aid. Indeed, he wanted to fix the system so that more U.S. aid could be justified. But he was wrong to believe that vast flows of aid to Africa had beensquandered. President Bush said in a press conference in April 2004 that as "the greatest power on the face of the earth, we have an obligation to help the spread of freedom. We have anobligationto feed the hungry". Yet how does the U.S. fulfil its obligation? U.S. aid to farmers in poor countries to help them grow more food runs at around $200 million per year, far less than $1 per person per year for the hundreds of millions of people living in subsistence farm households.From the world as a whole, the amount of aid per African per year is really very small, just $30 per sub-Saharan African in 2002. Of that modest amount, almost $5 was actually for consultants from the donor countries, more than $3 was for emergency aid, about $4 went for servicing Africa’s debts and $ 5 was for debt-relief operations. The rest, about $12, went to Africa. Since the "money down the drain" argument is heard most frequently in the U.S., it’s worth looking at the same calculations for U.S. aid alone. In 2002, the U.S. gave $3 per sub-Saharan African. Taking out the parts for U.S. consultants and technical cooperation, food and other emergency aid. administrative costs and debt relief, the aid per African came to grand total of 6 cents.The U.S. has promised repeatedly over the decades, as a signatory to global agreements like the Monterrey Consensus of 2002, to give a much larger proportion of its annual output, specifically up to 0.7% of GNP, to official development assistance. The U.S. failure to follow through has no political fallout domestically, of course. because not one in a million U.S. citizens even know of statements like the Monterrey Consensus. But no one should underestimate the salience that it has around the world. Spin as American might about their nation’s generosity, the poor countries are fully aware of what the U.S. is not doing.Q. The author has given the example of Bangladesh, Indonesia and Pakistan in support of his argument thata)corruption is the major culprit in the way of prosperityb)mis-governance hampers the prosperity of nationsc)despite rampant corruption, nations may prosperd)developed nations arrogantly neglect underdeveloped countriese)None of theseCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Read the following passage carefully and answer the questions given below it. Certain words/phrases are printed in underlineto help you to locate them while answering some of the questions.The outside world has pat answers concerning extremely impoverished countries, especially those in Africa. Everything comes back, again and again, to corruption and misrule. Western officials argue that Africa simply needs to behave itself better, to allow market forces to operate without interference by corrupt rulers. Yet the critics of African governance have it wrong. Politics simply can’t explain Africa’s prolonged economic crisis. The claim that Africa’s corruption is the basic source of the problem does not withstand serious scrutiny. During the past decade, I witnessed how relatively well-governed countries in Africa, such as Ghana, Malawi, Mali and Senegal, failed to prosper, whereas societies in Asia perceived to haveextensivecorruption, such as Bangladesh, Indonesia and Pakistan, enjoyed rapid economic growth.What is the explanation? Every situation of extreme poverty around the world contains some of its own unique causes, which need to be diagnosed as a doctor would a patient. For example, Africa is burdened with malaria-like no other part of the world, simply because it is unlucky in providing the perfect conditions for that disease; high temperatures, plenty of breeding sites and particular species of malaria-transmitting mosquitoes that prefer to bite humans rather than cattle.Anothermythis that the developed world already gives plenty of aid to the world’s poor. Former U.S. Secretary of the Treasury, Paul O’Neil ex-pressed a common frustration when he remarked about aid for Africa: "We’ve spent trillions of dollars on these problems and we have damn near nothing to show for it". O’Neil was no foe of foreign aid. Indeed, he wanted to fix the system so that more U.S. aid could be justified. But he was wrong to believe that vast flows of aid to Africa had beensquandered. President Bush said in a press conference in April 2004 that as "the greatest power on the face of the earth, we have an obligation to help the spread of freedom. We have anobligationto feed the hungry". Yet how does the U.S. fulfil its obligation? U.S. aid to farmers in poor countries to help them grow more food runs at around $200 million per year, far less than $1 per person per year for the hundreds of millions of people living in subsistence farm households.From the world as a whole, the amount of aid per African per year is really very small, just $30 per sub-Saharan African in 2002. Of that modest amount, almost $5 was actually for consultants from the donor countries, more than $3 was for emergency aid, about $4 went for servicing Africa’s debts and $ 5 was for debt-relief operations. The rest, about $12, went to Africa. Since the "money down the drain" argument is heard most frequently in the U.S., it’s worth looking at the same calculations for U.S. aid alone. In 2002, the U.S. gave $3 per sub-Saharan African. Taking out the parts for U.S. consultants and technical cooperation, food and other emergency aid. administrative costs and debt relief, the aid per African came to grand total of 6 cents.The U.S. has promised repeatedly over the decades, as a signatory to global agreements like the Monterrey Consensus of 2002, to give a much larger proportion of its annual output, specifically up to 0.7% of GNP, to official development assistance. The U.S. failure to follow through has no political fallout domestically, of course. because not one in a million U.S. citizens even know of statements like the Monterrey Consensus. But no one should underestimate the salience that it has around the world. Spin as American might about their nation’s generosity, the poor countries are fully aware of what the U.S. is not doing.Q. The author has given the example of Bangladesh, Indonesia and Pakistan in support of his argument thata)corruption is the major culprit in the way of prosperityb)mis-governance hampers the prosperity of nationsc)despite rampant corruption, nations may prosperd)developed nations arrogantly neglect underdeveloped countriese)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

Here you can find the meaning of Read the following passage carefully and answer the questions given below it. Certain words/phrases are printed in underlineto help you to locate them while answering some of the questions.The outside world has pat answers concerning extremely impoverished countries, especially those in Africa. Everything comes back, again and again, to corruption and misrule. Western officials argue that Africa simply needs to behave itself better, to allow market forces to operate without interference by corrupt rulers. Yet the critics of African governance have it wrong. Politics simply can’t explain Africa’s prolonged economic crisis. The claim that Africa’s corruption is the basic source of the problem does not withstand serious scrutiny. During the past decade, I witnessed how relatively well-governed countries in Africa, such as Ghana, Malawi, Mali and Senegal, failed to prosper, whereas societies in Asia perceived to haveextensivecorruption, such as Bangladesh, Indonesia and Pakistan, enjoyed rapid economic growth.What is the explanation? Every situation of extreme poverty around the world contains some of its own unique causes, which need to be diagnosed as a doctor would a patient. For example, Africa is burdened with malaria-like no other part of the world, simply because it is unlucky in providing the perfect conditions for that disease; high temperatures, plenty of breeding sites and particular species of malaria-transmitting mosquitoes that prefer to bite humans rather than cattle.Anothermythis that the developed world already gives plenty of aid to the world’s poor. Former U.S. Secretary of the Treasury, Paul O’Neil ex-pressed a common frustration when he remarked about aid for Africa: "We’ve spent trillions of dollars on these problems and we have damn near nothing to show for it". O’Neil was no foe of foreign aid. Indeed, he wanted to fix the system so that more U.S. aid could be justified. But he was wrong to believe that vast flows of aid to Africa had beensquandered. President Bush said in a press conference in April 2004 that as "the greatest power on the face of the earth, we have an obligation to help the spread of freedom. We have anobligationto feed the hungry". Yet how does the U.S. fulfil its obligation? U.S. aid to farmers in poor countries to help them grow more food runs at around $200 million per year, far less than $1 per person per year for the hundreds of millions of people living in subsistence farm households.From the world as a whole, the amount of aid per African per year is really very small, just $30 per sub-Saharan African in 2002. Of that modest amount, almost $5 was actually for consultants from the donor countries, more than $3 was for emergency aid, about $4 went for servicing Africa’s debts and $ 5 was for debt-relief operations. The rest, about $12, went to Africa. Since the "money down the drain" argument is heard most frequently in the U.S., it’s worth looking at the same calculations for U.S. aid alone. In 2002, the U.S. gave $3 per sub-Saharan African. Taking out the parts for U.S. consultants and technical cooperation, food and other emergency aid. administrative costs and debt relief, the aid per African came to grand total of 6 cents.The U.S. has promised repeatedly over the decades, as a signatory to global agreements like the Monterrey Consensus of 2002, to give a much larger proportion of its annual output, specifically up to 0.7% of GNP, to official development assistance. The U.S. failure to follow through has no political fallout domestically, of course. because not one in a million U.S. citizens even know of statements like the Monterrey Consensus. But no one should underestimate the salience that it has around the world. Spin as American might about their nation’s generosity, the poor countries are fully aware of what the U.S. is not doing.Q. The author has given the example of Bangladesh, Indonesia and Pakistan in support of his argument thata)corruption is the major culprit in the way of prosperityb)mis-governance hampers the prosperity of nationsc)despite rampant corruption, nations may prosperd)developed nations arrogantly neglect underdeveloped countriese)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following passage carefully and answer the questions given below it. Certain words/phrases are printed in underlineto help you to locate them while answering some of the questions.The outside world has pat answers concerning extremely impoverished countries, especially those in Africa. Everything comes back, again and again, to corruption and misrule. Western officials argue that Africa simply needs to behave itself better, to allow market forces to operate without interference by corrupt rulers. Yet the critics of African governance have it wrong. Politics simply can’t explain Africa’s prolonged economic crisis. The claim that Africa’s corruption is the basic source of the problem does not withstand serious scrutiny. During the past decade, I witnessed how relatively well-governed countries in Africa, such as Ghana, Malawi, Mali and Senegal, failed to prosper, whereas societies in Asia perceived to haveextensivecorruption, such as Bangladesh, Indonesia and Pakistan, enjoyed rapid economic growth.What is the explanation? Every situation of extreme poverty around the world contains some of its own unique causes, which need to be diagnosed as a doctor would a patient. For example, Africa is burdened with malaria-like no other part of the world, simply because it is unlucky in providing the perfect conditions for that disease; high temperatures, plenty of breeding sites and particular species of malaria-transmitting mosquitoes that prefer to bite humans rather than cattle.Anothermythis that the developed world already gives plenty of aid to the world’s poor. Former U.S. Secretary of the Treasury, Paul O’Neil ex-pressed a common frustration when he remarked about aid for Africa: "We’ve spent trillions of dollars on these problems and we have damn near nothing to show for it". O’Neil was no foe of foreign aid. Indeed, he wanted to fix the system so that more U.S. aid could be justified. But he was wrong to believe that vast flows of aid to Africa had beensquandered. President Bush said in a press conference in April 2004 that as "the greatest power on the face of the earth, we have an obligation to help the spread of freedom. We have anobligationto feed the hungry". Yet how does the U.S. fulfil its obligation? U.S. aid to farmers in poor countries to help them grow more food runs at around $200 million per year, far less than $1 per person per year for the hundreds of millions of people living in subsistence farm households.From the world as a whole, the amount of aid per African per year is really very small, just $30 per sub-Saharan African in 2002. Of that modest amount, almost $5 was actually for consultants from the donor countries, more than $3 was for emergency aid, about $4 went for servicing Africa’s debts and $ 5 was for debt-relief operations. The rest, about $12, went to Africa. Since the "money down the drain" argument is heard most frequently in the U.S., it’s worth looking at the same calculations for U.S. aid alone. In 2002, the U.S. gave $3 per sub-Saharan African. Taking out the parts for U.S. consultants and technical cooperation, food and other emergency aid. administrative costs and debt relief, the aid per African came to grand total of 6 cents.The U.S. has promised repeatedly over the decades, as a signatory to global agreements like the Monterrey Consensus of 2002, to give a much larger proportion of its annual output, specifically up to 0.7% of GNP, to official development assistance. The U.S. failure to follow through has no political fallout domestically, of course. because not one in a million U.S. citizens even know of statements like the Monterrey Consensus. But no one should underestimate the salience that it has around the world. Spin as American might about their nation’s generosity, the poor countries are fully aware of what the U.S. is not doing.Q. The author has given the example of Bangladesh, Indonesia and Pakistan in support of his argument thata)corruption is the major culprit in the way of prosperityb)mis-governance hampers the prosperity of nationsc)despite rampant corruption, nations may prosperd)developed nations arrogantly neglect underdeveloped countriese)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Read the following passage carefully and answer the questions given below it. Certain words/phrases are printed in underlineto help you to locate them while answering some of the questions.The outside world has pat answers concerning extremely impoverished countries, especially those in Africa. Everything comes back, again and again, to corruption and misrule. Western officials argue that Africa simply needs to behave itself better, to allow market forces to operate without interference by corrupt rulers. Yet the critics of African governance have it wrong. Politics simply can’t explain Africa’s prolonged economic crisis. The claim that Africa’s corruption is the basic source of the problem does not withstand serious scrutiny. During the past decade, I witnessed how relatively well-governed countries in Africa, such as Ghana, Malawi, Mali and Senegal, failed to prosper, whereas societies in Asia perceived to haveextensivecorruption, such as Bangladesh, Indonesia and Pakistan, enjoyed rapid economic growth.What is the explanation? Every situation of extreme poverty around the world contains some of its own unique causes, which need to be diagnosed as a doctor would a patient. For example, Africa is burdened with malaria-like no other part of the world, simply because it is unlucky in providing the perfect conditions for that disease; high temperatures, plenty of breeding sites and particular species of malaria-transmitting mosquitoes that prefer to bite humans rather than cattle.Anothermythis that the developed world already gives plenty of aid to the world’s poor. Former U.S. Secretary of the Treasury, Paul O’Neil ex-pressed a common frustration when he remarked about aid for Africa: "We’ve spent trillions of dollars on these problems and we have damn near nothing to show for it". O’Neil was no foe of foreign aid. Indeed, he wanted to fix the system so that more U.S. aid could be justified. But he was wrong to believe that vast flows of aid to Africa had beensquandered. President Bush said in a press conference in April 2004 that as "the greatest power on the face of the earth, we have an obligation to help the spread of freedom. We have anobligationto feed the hungry". Yet how does the U.S. fulfil its obligation? U.S. aid to farmers in poor countries to help them grow more food runs at around $200 million per year, far less than $1 per person per year for the hundreds of millions of people living in subsistence farm households.From the world as a whole, the amount of aid per African per year is really very small, just $30 per sub-Saharan African in 2002. Of that modest amount, almost $5 was actually for consultants from the donor countries, more than $3 was for emergency aid, about $4 went for servicing Africa’s debts and $ 5 was for debt-relief operations. The rest, about $12, went to Africa. Since the "money down the drain" argument is heard most frequently in the U.S., it’s worth looking at the same calculations for U.S. aid alone. In 2002, the U.S. gave $3 per sub-Saharan African. Taking out the parts for U.S. consultants and technical cooperation, food and other emergency aid. administrative costs and debt relief, the aid per African came to grand total of 6 cents.The U.S. has promised repeatedly over the decades, as a signatory to global agreements like the Monterrey Consensus of 2002, to give a much larger proportion of its annual output, specifically up to 0.7% of GNP, to official development assistance. The U.S. failure to follow through has no political fallout domestically, of course. because not one in a million U.S. citizens even know of statements like the Monterrey Consensus. But no one should underestimate the salience that it has around the world. Spin as American might about their nation’s generosity, the poor countries are fully aware of what the U.S. is not doing.Q. The author has given the example of Bangladesh, Indonesia and Pakistan in support of his argument thata)corruption is the major culprit in the way of prosperityb)mis-governance hampers the prosperity of nationsc)despite rampant corruption, nations may prosperd)developed nations arrogantly neglect underdeveloped countriese)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Read the following passage carefully and answer the questions given below it. Certain words/phrases are printed in underlineto help you to locate them while answering some of the questions.The outside world has pat answers concerning extremely impoverished countries, especially those in Africa. Everything comes back, again and again, to corruption and misrule. Western officials argue that Africa simply needs to behave itself better, to allow market forces to operate without interference by corrupt rulers. Yet the critics of African governance have it wrong. Politics simply can’t explain Africa’s prolonged economic crisis. The claim that Africa’s corruption is the basic source of the problem does not withstand serious scrutiny. During the past decade, I witnessed how relatively well-governed countries in Africa, such as Ghana, Malawi, Mali and Senegal, failed to prosper, whereas societies in Asia perceived to haveextensivecorruption, such as Bangladesh, Indonesia and Pakistan, enjoyed rapid economic growth.What is the explanation? Every situation of extreme poverty around the world contains some of its own unique causes, which need to be diagnosed as a doctor would a patient. For example, Africa is burdened with malaria-like no other part of the world, simply because it is unlucky in providing the perfect conditions for that disease; high temperatures, plenty of breeding sites and particular species of malaria-transmitting mosquitoes that prefer to bite humans rather than cattle.Anothermythis that the developed world already gives plenty of aid to the world’s poor. Former U.S. Secretary of the Treasury, Paul O’Neil ex-pressed a common frustration when he remarked about aid for Africa: "We’ve spent trillions of dollars on these problems and we have damn near nothing to show for it". O’Neil was no foe of foreign aid. Indeed, he wanted to fix the system so that more U.S. aid could be justified. But he was wrong to believe that vast flows of aid to Africa had beensquandered. President Bush said in a press conference in April 2004 that as "the greatest power on the face of the earth, we have an obligation to help the spread of freedom. We have anobligationto feed the hungry". Yet how does the U.S. fulfil its obligation? U.S. aid to farmers in poor countries to help them grow more food runs at around $200 million per year, far less than $1 per person per year for the hundreds of millions of people living in subsistence farm households.From the world as a whole, the amount of aid per African per year is really very small, just $30 per sub-Saharan African in 2002. Of that modest amount, almost $5 was actually for consultants from the donor countries, more than $3 was for emergency aid, about $4 went for servicing Africa’s debts and $ 5 was for debt-relief operations. The rest, about $12, went to Africa. Since the "money down the drain" argument is heard most frequently in the U.S., it’s worth looking at the same calculations for U.S. aid alone. In 2002, the U.S. gave $3 per sub-Saharan African. Taking out the parts for U.S. consultants and technical cooperation, food and other emergency aid. administrative costs and debt relief, the aid per African came to grand total of 6 cents.The U.S. has promised repeatedly over the decades, as a signatory to global agreements like the Monterrey Consensus of 2002, to give a much larger proportion of its annual output, specifically up to 0.7% of GNP, to official development assistance. The U.S. failure to follow through has no political fallout domestically, of course. because not one in a million U.S. citizens even know of statements like the Monterrey Consensus. But no one should underestimate the salience that it has around the world. Spin as American might about their nation’s generosity, the poor countries are fully aware of what the U.S. is not doing.Q. The author has given the example of Bangladesh, Indonesia and Pakistan in support of his argument thata)corruption is the major culprit in the way of prosperityb)mis-governance hampers the prosperity of nationsc)despite rampant corruption, nations may prosperd)developed nations arrogantly neglect underdeveloped countriese)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following passage carefully and answer the questions given below it. Certain words/phrases are printed in underlineto help you to locate them while answering some of the questions.The outside world has pat answers concerning extremely impoverished countries, especially those in Africa. Everything comes back, again and again, to corruption and misrule. Western officials argue that Africa simply needs to behave itself better, to allow market forces to operate without interference by corrupt rulers. Yet the critics of African governance have it wrong. Politics simply can’t explain Africa’s prolonged economic crisis. The claim that Africa’s corruption is the basic source of the problem does not withstand serious scrutiny. During the past decade, I witnessed how relatively well-governed countries in Africa, such as Ghana, Malawi, Mali and Senegal, failed to prosper, whereas societies in Asia perceived to haveextensivecorruption, such as Bangladesh, Indonesia and Pakistan, enjoyed rapid economic growth.What is the explanation? Every situation of extreme poverty around the world contains some of its own unique causes, which need to be diagnosed as a doctor would a patient. For example, Africa is burdened with malaria-like no other part of the world, simply because it is unlucky in providing the perfect conditions for that disease; high temperatures, plenty of breeding sites and particular species of malaria-transmitting mosquitoes that prefer to bite humans rather than cattle.Anothermythis that the developed world already gives plenty of aid to the world’s poor. Former U.S. Secretary of the Treasury, Paul O’Neil ex-pressed a common frustration when he remarked about aid for Africa: "We’ve spent trillions of dollars on these problems and we have damn near nothing to show for it". O’Neil was no foe of foreign aid. Indeed, he wanted to fix the system so that more U.S. aid could be justified. But he was wrong to believe that vast flows of aid to Africa had beensquandered. President Bush said in a press conference in April 2004 that as "the greatest power on the face of the earth, we have an obligation to help the spread of freedom. We have anobligationto feed the hungry". Yet how does the U.S. fulfil its obligation? U.S. aid to farmers in poor countries to help them grow more food runs at around $200 million per year, far less than $1 per person per year for the hundreds of millions of people living in subsistence farm households.From the world as a whole, the amount of aid per African per year is really very small, just $30 per sub-Saharan African in 2002. Of that modest amount, almost $5 was actually for consultants from the donor countries, more than $3 was for emergency aid, about $4 went for servicing Africa’s debts and $ 5 was for debt-relief operations. The rest, about $12, went to Africa. Since the "money down the drain" argument is heard most frequently in the U.S., it’s worth looking at the same calculations for U.S. aid alone. In 2002, the U.S. gave $3 per sub-Saharan African. Taking out the parts for U.S. consultants and technical cooperation, food and other emergency aid. administrative costs and debt relief, the aid per African came to grand total of 6 cents.The U.S. has promised repeatedly over the decades, as a signatory to global agreements like the Monterrey Consensus of 2002, to give a much larger proportion of its annual output, specifically up to 0.7% of GNP, to official development assistance. The U.S. failure to follow through has no political fallout domestically, of course. because not one in a million U.S. citizens even know of statements like the Monterrey Consensus. But no one should underestimate the salience that it has around the world. Spin as American might about their nation’s generosity, the poor countries are fully aware of what the U.S. is not doing.Q. The author has given the example of Bangladesh, Indonesia and Pakistan in support of his argument thata)corruption is the major culprit in the way of prosperityb)mis-governance hampers the prosperity of nationsc)despite rampant corruption, nations may prosperd)developed nations arrogantly neglect underdeveloped countriese)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.