Comprehension Test Questions and Answers Practice Question and Answer

Q:

The conclusion of World Trade Organization’s 11th biennial ministerial conference at Buenos Aires was worrisome. From an Indian standpoint, there was no loss as status quo continues in the most important issue: the right to continue the food security programme by using support prices. But the inability of the negotiators to reach even one substantive outcome suggests that WTO’s efficacy is under question. As a 164-country multilateral organisation dedicated to crafting rules of trade through consensus, WTO represents the optimal bet for developing countries such as India. Strengthening WTO is in India’s best interest.
 Perhaps the biggest threat to WTO’s efficacy today is the attitude of the US. The world’s largest economy appears to have lost faith in the organisation and has begun to undermine one of its most successful segments, the dispute redressal mechanism. This is significant as the US has been directly involved in nearly half of all cases brought to WTO. Separately, large groups of countries decided to pursue negotiations on e-commerce, investment facilitation and removal of trade obstacles for medium and small scale industries. By itself this should not weaken WTO. But it comes at a time when there is growing frustration with gridlock at WTO.
 India did well to defend its position on its food security programme. The envisaged reform package which will see a greater use of direct cash transfers to beneficiaries will be in sync with what developed countries do. But it’s important for India to enhance its efforts to reinvigorate WTO. In this context, India’s plan to organise a meeting of some countries early next year is a step in the right direction. WTO represents the best available platform to accommodate interests of a diverse set of nations. Therefore, India should be at the forefront of moves to fortify it.

Which of the following is the most successful segments of the WTO mentioned in the passage?

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    Reviewer of government’s trade policies.
    Correct
    Wrong
  • 2
    Agreement on trade in services.
    Correct
    Wrong
  • 3
    Dispute redressal mechanism
    Correct
    Wrong
  • 4
    Intellectual Property Rights
    Correct
    Wrong
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Answer : 3. "Dispute redressal mechanism"

Q:

You have eight brief passages with 10 questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives 

A farmer accompanied by his young son was driving his ass to the market in the hope of selling the ass for a good price. On the road, they met a bevy of girls who laughed and exclaimed, “See this pair of fools ? They are trudging along the dusty road, when they can be riding !” The man thought that there was sense in what they were saying. So he mounted his son on the ass and he walked at the side. Presently, they met some of his old friends, who greeted him and said, “You’ll spoil your son, by letting him ride while you toil along on foot! Make him walk. It’ll be good for him.” The farmer followed their advice and took his son’s place on the back of the ass while the boy trudged along behind. They would not have gone far, they were seen by women and children. The farmer heard them say, “What a selfish old man ! He rides in comfort, but lets his poor little fellow walk the distance.” So he asked his son to get up behind him. Further along the road, they met some travellers. They asked the farmer whether the ass was his property or was it hired for the purpose. The farmer told them that he was taking his ass to the market to sell it. The travellers said, “Good Heavens ! With the load like this, the poor beast will look exhausted and no one would like to purchase him. Why don’t you carry him.” Immediately, the farmer got off the ass, tied its legs with the rope and slung him on a pole and carried him in between them. This was such an absurd sight that people laughed at it. They called the farmer and his son lunatics. They had then reached a bridge over a river. Frightened by the noise around, the ass struggled, kicked, broke the pole, fell into the river and died. The farmer returned home vexed and ashamed. In trying to please all, he in fact, had pleased none and he had lost the ass in the transaction. 

On seeing the farmer and his son walking along with the ass, the girls  

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    called the farmer and his son fools for not riding the ass.
    Correct
    Wrong
  • 2
    wondered at the dutiful father and son.
    Correct
    Wrong
  • 3
    asked the farmer to take them also to the market.
    Correct
    Wrong
  • 4
    sympathized with the beast of burden.
    Correct
    Wrong
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Answer : 1. "called the farmer and his son fools for not riding the ass. "

Q:

Direction : Read the following passage carefully and answer the questions given below. Certain words In the passage have been printed In bold to help you locate them when answering some of the questions. 

Can the last fifteen years be called the most successful decade and a half in Indian history and will the next fifteen be equally successful? Consider a culture where independent thinking is not encouraged. Or take the example of traditional family run business with vast resistance to change or a whole nation who believes that breakthrough ideas can be generated abroad but never at home. Partly responsible is socialization from early years we are taught not to question our elders but at workplaces this creates a hurdle for new thinking. Being unable to change radically gives rise to a culture where even the smallest change is heralded as a break through. Indian corporate leaders have done well standing up to global giants as their companies have grown in size and market share. To be successful in international markets they need to be distinct distinct products, processes, technologies, business models and organisations. The bottom line will be Innovation. Creativity workshops are organized to channel people to think differently. There are fantastic ideas being generated all the time but no Industry. breakthrough. Simply because of gravity regressive force exerted by a mindset. Thinking has therefore to happen at three, levels idea, frame and paradigm. From a narrow focus on either product or process innovation organizations need to look at innovating the whole ecosystem of the organization. Many a time waiting for a hundred percent solution before going to the market the organization forgets that it could end up waiting forever. Moreover, sometimes organizations are too focused on today to see tomorrow. Since management mandates are short-term, sowing the seed for a revenue stream today and leaving Its benefits to be reaped by a successor doesn’t appeal to today’s business leader. This is a serious hurdle to into Ovation. Establishing a function called innovation management or training employees through creativity workshops will have few benefits unless each frontline employee is empowered to Share his innovative ideas with the management. What happens to this system when the person driving the change leaves the organization? The approach to innovation hence needs to be system driven rather than people driven. In thirty years, India can be the largest world economy save China and the US. However, as companies grow there exists a resemblance in their products, services, promotions, processes and pricing and so on. There remains only one escape from this trap. 

Which of the following is NOT TRUE in the context of the passage? 

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    A change in mindset can help promote innovation
    Correct
    Wrong
  • 2
    The author believes India has tremendous potential
    Correct
    Wrong
  • 3
    India suffers because of the belief the breakthrough ideas can only be generated abroad (d)Innovation automatically happens if a company subscribes to the latest management strategies
    Correct
    Wrong
  • 4
    Innovation automatically happens if a company subscribes to the latest management strategies
    Correct
    Wrong
  • 5
    All are true
    Correct
    Wrong
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Answer : 4. "Innovation automatically happens if a company subscribes to the latest management strategies "

Q:

Read the given passage and answer the questions that follow.

Her name was Sulekha, but since her childhood everyone had been calling her Bholi, the simpleton. She was the fourth daughter of Ramlal. When she was ten months old, she had fallen off the cot on her head and perhaps it had damaged some part of her brain. That was why she remained a backward child and came to be known as Bholi, the simpleton. At birth, the child was very fair and pretty. But when she was two years old, she had an attack of smallpox. Only the eyes were saved, but the entire body was permanently disfigured by deep black pockmarks. Little Sulekha could not speak till she was five as she was a slow learner, and when at last she learnt to speak, she stammered. The other children often made fun of her and mimicked her. As a result, she talked very little. Ramlal had seven children — three sons and four daughters, and the youngest of them was Bholi. It was a prosperous farmer’s household and there was plenty to eat and drink. All the children except Bholi were healthy and strong. The sons had been sent to the city to study in schools and later in colleges. Of the daughters, Radha, the eldest, had already been married. The second daughter Mangla’s marriage had also been settled, and when that was done, Ramlal would think of the third, Champa. They were good-looking, healthy girls, and it was not difficult to find bridegrooms for them. But Ramlal was worried about Bholi. She had neither good looks nor intelligence. From her very childhood Bholi was neglected at home. She was seven years old when Mangla was married. The same year a primary school for girls was opened in their village. The Tehsildar sahib came to perform its opening ceremony. He said to Ramlal, “As a revenue official you are the representative of the government in the village and so you must set an example to the villagers. You must send your daughters to school.” That night when Ramlal consulted his wife, she cried, “Are you crazy? If girls go to school, who will marry them?” But Ramlal had not the courage to disobey the Tehsildar. At last his wife said, “I will tell you what to do. Send Bholi to school. As it is, there is little chance of her getting married, with her ugly face and lack of sense. Let the teachers at school worry about her.”

‘Backward child’ in the passage means:

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    physically challenged
    Correct
    Wrong
  • 2
    mentally challenged
    Correct
    Wrong
  • 3
    belonging to a poor family
    Correct
    Wrong
  • 4
    belonging to an underprivileged community
    Correct
    Wrong
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Answer : 2. "mentally challenged"

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Answer : 2. "was always on the bike"

Q:

Directions: In the following passage, there are blanks, each of which has been numbered. Against every five words are suggested one of which fits the blank appropriately. Find out the appropriate word in each case.

The world of finance can be __(A)_, but understanding key concepts and strategies can help investors make __(B)_ decisions. One important concept is the time value of money, which refers to the fact that a dollar today is worth more than a dollar in the future. This is because money can be invested and earn _(C)__ over time, meaning that a dollar today has the potential to grow into more than a dollar in the future. Risk tolerance is another important consideration when it comes to investing. The level of risk an investor is willing to take on should be carefully __(D)_ against the potential for return. Generally, the higher the risk of an investment, the higher the potential return, but also the higher the potential for loss.

When investing in the stock market, investors have several strategies to choose from. Value investing involves looking for stocks that are trading at a lower price than their intrinsic value, while growth investing involves looking for companies that are expected to grow at a faster rate than the overall market. Regardless of the strategy chosen, it's important to __(E)_ a portfolio across different asset classes to reduce overall risk and maximize potential gains.

Which of the following words most appropriately fits the blank labelled (E)?

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    Conform
    Correct
    Wrong
  • 2
    Specialized
    Correct
    Wrong
  • 3
    Unvary
    Correct
    Wrong
  • 4
    Diversify
    Correct
    Wrong
  • 5
    None of the above
    Correct
    Wrong
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Answer : 4. "Diversify"

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