Multiple choice

Directions: Answer the given question based on the following passage:

An immanent tendency under capitalism is the centralization of capital. Increasingly, in the later phases of capitalism, small numbers of persons come to control enormous amounts of finance, reflecting the emergence of finance capital. Lenin and others had traced the origin of the First World War to the conflict between rival nation-based and nation-state-aided finance capital oligarchies of the advanced countries. These financial oligarchies pressurized the state into exclusively promoting their interests rather than supposedly looking after the interests of the society as a whole. Significantly, during the Great Depression, proposals for state intervention to reduce unemployment were thwarted by opposition from the financial oligarchies.

What message does the passage convey?

  1. That a handful of people have taken control of enormous amounts of finance

  2. That concentration of wealth portends ill for the majority people of the world

  3. The passage traces the cause of the Great Depression

  4. That there is a system in place to take care of the financial oligarchies

  5. That the First World War was caused by the capital oligarchies
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Centralization of capital in the hands of small number of people is the cause of all financial ills all over the world.

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