Direction: Read the following passage carefully and answer the questions. Your answer to these questions should be based on passage only.
PM's offensive and pompous reply verged on the preposterous. It is not only in consonance with certain facts, but is also wholly out of keeping with disappointment for them that a government and people noted for their high culture and politeness should have committed this serious lapse and should have addressed the GOI in a language which is discourteous and unbecoming, even if it were addressed to a hostile country. Since it is addressed to a country that is referred as friendly, this can only be considered as an act of forgetfulness. The GOI realizes that the system of government in China is different from that prevailing in India. It is the right of the Chinese people to have a government of their choice, and no one else has a right to interfere

Direction: The financialisation of commodity trade and current extraordinary conditions in global financial markets could have influenced the spurt in prices. The recent reductions in interest rates in the US and the injection of liquidity have resulted in investors seeking new avenues such as commodity markets, in view of the turbulence in financial markets and the low return in treasuries. The relatively easy liquidity and low interest rates, by themselves, make holding of inventories attractive and thus induce greater volatility in commodity markets. The weakening of the US dollar is also advanced as a reason for the recent volatility in commodity markets, including food items. It is evident that this phenomenon is now also coinciding with the across-the-board rise in food prices.