Question

1- According to Niall Ferguson, hostility to those who engage in finance has which of the following causes?

A- reditors tend to outnumber debtors

B- for centuries those who engage in financial services in countries all over the world have tended to derive disproportionately from religious or ethnic minority groups

C-	financial crises and scandals have occurred with sufficient frequency to make finance appear to not be a cause of both poverty and instability

D- debtors tend to feel very well disposed to their creditors 2- Which of the following must be present in the ideal bureaucracy, according to Weber? A. A Hierarchy of Authority B. A Clear Division of Labor C. Explicit Rules and Procedures D. Employment Based on Qualification E. Weber suggested that A,B,C and D must be present in the ideal bureaucracy 3- Reaching out beyond a primary membership to establish common cause; a non-primordial form of solidarity, describes: A. Groupthink B. Involuntary Association C. Sociolinguistic D. Voluntary Association

Answer 1

1. According to Niall Ferguson hostility to those who engage in Finance have these causes. It is partly because the number of debtors are higher than the creditors, the relationship between the debtors and creditors is not very well disposed and also the financial crisis have felt much as a poverty and not on the other side. And mostly the lenders are people from Ethnic or religious group.

Answer: B

2. The Max Weber's theory is called as Bureacratic Management Theory. According to him ideal bureacracy is one in which there is Defined rules and Regulations, Clear hierarchy of people, Properly defined Job function, Division of Labour and Impersonal.

Answer: E

3. Groupthink: Where individuals collectively make a decision without much criticism and analysing various other options available.

Involuntary Association: Is one individuals are associated in the group without their knowing. It is not a choice given but it is a group where individuals are associated automatically depending upon their Religion, Culture etc.

Sociolinguistic: It is the study of relation between language and society.

Voluntary Association: A Voluntary association is one where individuals participate by interest. Here people join as volunteers for a common cause or purpose.

Answer: D