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Answer

Correct Option is 4 only

It might appear that statement 1 should also have been correct. But it is not because the passage does not say it is a false ideology. It says it is an “ideological bias” and that a more “honest conceptualization of interests of rich and poor are needed”. Therefore, don’t mistake by reading too much between the lines. Stick to what the passage suggests. Do not draw your own conclusions. Its very important to read the passage “objectively” for what it is- and not what you may think. 

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