Saturday 30 April 2016

GMAT RC #1

Let's see how these tips might help. Here is a Reading Comprehension exercise from Manhattan Review's Study Companion. The subject matter is the historic transition from classical physics to quantum physics.  It is intellectually difficult; so the challenge is to read quickly AND to get a handle on the author's central argument on the first read through:

However inventive Newton's clockwork universe seemed to his contemporaries, by the early twentieth century, it had become a sort of smugly accepted dogma. Luckily for us, this deterministic picture of the universe breaks down at the atomic level.

The clearest demonstration that the laws of physics contain elements of randomness is the behavior of radioactive atoms. Pick two identical atoms of a radioactive isotope, say naturally occurring uranium 238, and watch them carefully. They will begin to decay at different times, even though there was no difference in their initial behavior. We would be in big trouble if these atoms' behavior were as predictable as expected in the Newtonian world-view, because radioactivity is an important source of heat for our planet. In reality, each atom chooses a random moment at which to release its energy, resulting in a nice steady heating effect. The earth would be a much colder planet if only sunlight heated it and not radioactivity. Probably there would be no volcanoes, and the oceans would never have been liquid. The deep-sea geothermal vents in which life first evolved would never have existed.

But there would be an even worse consequence if radioactivity were deterministic: after a few billion years of peace, all the uranium 238 atoms in our planet would presumably pick the same moment to decay. The huge amount of stored nuclear energy, instead of being spread out over eons, would all be released simultaneously, blowing our whole planet to kingdom come. (This is under the assumption that all the uranium atoms were created at the same time. In reality, we have only a general idea of the process that might have created the heavy elements in the gas cloud from which our solar system condensed. Some portion may have come from nuclear reactions in supernova explosions in that nebula, some from intra-galactic supernova explosions and others still from exotic events like the collisions of white dwarf stars.)

The new version of physics, incorporating certain kinds of randomness, is called quantum physics. It represented such a dramatic break with the previous, deterministic tradition that everything that came before is considered classical, even the theory of relativity.

The first paragraph informs us that the deterministic picture of the universe fails at the atomic level. The second paragraph focuses on the importance of randomness in the universe. The third paragraph continues with the theme of the importance of randomness and spells out the catastrophic consequences that would transpire were randomness not the rule the universe. The fourth and last paragraph introduces us to quantum physics, which partially supplanted the Newtonian world and offered a picture of the universe based on randomness

CAT CRACKER MAY 01






6

A. In the old joke tales, the targets are mocked for their slowness, for being unable to understand
simple rules necessary for a successful life, or other characteristics.
B. Their vice is usually more specific than just universal stupidity.
C. Foreigners are in a clear minority and limited to those who have had direct contact with Estonian
natives (travelling Gypsies, Russians, Germans and Jews, less often Finns).
D. In Estonian old folk jokes and early punch-lined jokes, targets are peripheral groups with funny
speech and perceived backwardness.
E. Stupidity jokes are in the majority, and there are several targets which vary in different regions.
(a) CBED (b) DCBE (c) EDCB (d) ECBD

7

A. Laughter, thus, stands for different phenomena in narration.
B. Narrators can underline the standpoint in the narrative in many ways, such as direct comments,
embedding of evaluation, style of telling, metaphors, strong adjectives and facial expression and
gestures.
C. It communicates emotions both in a concealing and a revealing way.
D. One way of studying this in narration is by analysing the use of humour, irony and paralinguistic
devices such as chuckles, laughter, pauses, or changes of tempo.
E. Laughter is thus one stylistic device to mark a standpoint in narration.
(a) CEDB (b) CEBD (c) DBCE (d) CBDE

8

A. Despite arguments that it is unethical to conduct research on vulnerable populations caught in conflict,
health research is essential to achieving the goals of promoting and enhancing the delivery of lifesaving
interventions.
B. This implies training for humanitarian actors engaged in research methods, and greater collaboration
with experts to support the design and analysis, and potentially also the implementation of research.
C. There is much scope to improve the quality of research methodologies implemented in conflict
settings through validation of survey tools, the establishment of clear protocols, and training in a
broader use or research methodologies that can be applied.
D. Those engaged in research should first reflect on the necessity of conducting research in such
settings, and the feasibility of seeing the research through to completion.
E. Conflict settings are characterized by instability and rapidly change in circumstances and pose
major challenges to the conduct of research.
(a) DCBE (b) EDCB (c) BCDE (d) EBDC

9

Vicissitude : Stagnation
(a) Vexation : Chagrin
(b) Mortification : Humiliation
(c) Naivete : Ingenue
(d) Diffidence : Assertiveness

10 

The "I won him" smirk doesn't work in her favour either; she looks ______________. If she wants box
office appeal, she needs to stop gloating over the fact that she is dating a relapsed alcoholic who doesn't
give a care about how his wife and kids are handling this affair.
(a) like something the cat dragged in.
(b) like the cat who swallowed the canary.
(c) like a cat on a hot tin roof.
(d) like a bump on a log.


30.04 RC #1

Directions for questions 31 to 33: The passage given below is followed by a set of questions. Choose the
most appropriate answer to each question.
The Metamorphosis is so canonical, it's hard to offer an honest (or an interesting) review. A story like this
one especially, which is loaded with bizarre props in an otherwise realistic story, drives academic types to
hunt hard for symbolism. The endnotes to the story contain the most tedious sorts of observations, whether
offering strong hints that it's an allegorical story (the business with the father throwing apples at Gregor), or
the cultural symbolism of open or closed doors and windows, or dreary notes on technique (the three
boarders are indistinguishable, which cleverly adds to the spookiness of the story (sorry, if I saw it used in
Bugs Bunny, then I refuse to be awestruck). It may all be true even, but although Kafka is careful about the
mood he builds, the purpose of the story isn't quite that mind-boggling. Importantly, the story holds up just
fine as a story. It's more an odd exhibit to be appreciated than it is a puzzle to be solved, and Kafka
manages to evoke emotions and convey scenery with economy and skill, and on the basic level, here's
one that doesn't shy from being read and enjoyed.
I'm sure that any pointy-headed academic would be the first to tell you that the sturdy storytelling is part of
what makes this story so beguiling (and here I start off on my own wacky over analysis). The style holds up
against, and cleverly contrasts, the giant absurdity of the premise. Kafka avoids in his own language, as
does Gregor himself, the predictable hysteria that would surround the appearance of a gigantic insect in
Gregor's bed one morning. Gregor has transformed into the insect. His bugginess is by no means ignored,
but there is, in places you'd otherwise expect it, a big, beetle-shaped hole in the exposition. (It's a shame
sometimes what breaks through into the vernacular. Wouldn't a cockroach upstairs be more evocative than
proverbial family-room pachyderms?) It's a different sort of balancing act than Robbins was into, one that
gets the very structure of the narrative up onto the tightrope with everything else.
And as much as I hate to dig into the comparative meaning of everything here, Kafka does choose his
language with precision. The opening, "as Gregor Samsa awoke from unsettling dreams" sets up his
contrasting views splendidly. It's not just an opposition between the concrete prose and absurd circumstances,
there's a deep division at work here between the intellectual (or realist) and emotional planes. Gregor is the
thinker of the story, approaching his new body with (quite obtuse) rationalism. How will he open the door,
he thinks, how will he explain to his boss that he's late? He's the character that is shown trying (and failing)
to express himself with reason instead of the predictable alarm. But Gregor's every action is verminous,
and without his point of view, would only be seen as mindless: he exudes filth and craves garbage, scuttles
about the ceiling and stuffs himself into dark places. To his family, he hisses uncontrollably in anger, and
creeps around stealthily surprising their conversations. The people in the story act, by contrast, emotional
and un-intellectual when confronted with the monstrous Gregor. Their actions are all expected and natural,
but Kafka robs them of their reason in the face of horror. Kafka pulls all sorts of switcheroos with these
dichotomies, playing with Gregor's empathy (much stronger than his family's, though his sister shows
glimmers of it), with physical strength (Gregor's and his father's waxes and wanes), and morality.

31. Which of the following would best describe Gregor's actions?
(a) He acts like a disobedient family member.
(b) He expresses himself rationally.
(c) His behaviour is similar to that of a pest.
(d) He succeeds in gaining the empathy of his family.

32. The author would agree with which of the following?
(a) The Metamorphosis is a story skillfully woven by Kafka with incidents, which drive home the
point that it is an allegorical story with subtle symbolism.
(b) The Metamorphosis is an example of an allegorical story, which confounds academicians and
aims to pose a conundrum for the readers.
(c) The Metamorphosis, by Kafka, is a skillfully told story with bizarre props and tedious notes,
which provoke academicians to hunt for allegories or symbolism in it.
(d) The Metamorphosis aims to confound readers and academicians alike with bizarre props and
allegorical incidents in an otherwise realistic story.


33. Which of the following can be inferred from the passage?
A. The way the story is narrated when contrasted with the absurdity of the plot leads to an impression
of trickery.
B. Gregor shows an absolute disregard for reason when he finds himself transformed into an insect.
C. Gregor's family members show more maturity and reason as compared to Gregor after his
transformation.
(a) Only A (b) A and B (c) A and C (d) B and C

Thursday 28 April 2016

CAT CRACKER #02


ANSWER SHEET

The following table provides information about the number of boys (B), number of girls (G), average weight (in kg) of boys (AB) and
average weight (in kg) of girls (AG) in eight different classes – A to H of a particular school.




The school management decided to reduce the number of classes from eight to three by merging the existing classes. The new classes
were named as Mercury, Venus and Jupiter.
While merging the existing classes, no two students from class A were placed into two different new classes. This holds true for students
of all the other existing classes as well. Each new class had students from at least two existing classes.
Additional Information Given:
I. In Mercury, the average weight of boys is more than 55 kgs and the average weight of girls is more than 40 kgs.
II. In Venus, the total number of girls is not more than 55 and the average weight of girls is not less than 50 kgs



1  What is the average weight of boys in Venus?

1) 95/3
2) 39 
3 ) 97/3 
4) CBD 


2  How many classes were merged to form Jupiter?

1) 2
2) 3
3) 4
4) Either 3 or 4

3 If the number of boys in Mercury is 15 fewer than girls, then the average weight of girls in Mercury is



1) 55.72 kgs
2) 48 kgs
3) 52 kgs
4) Either 48 kg or 55.72 kg


4  ) 



5) In a conference, the ratio of Indians to Germans is same as the ratio of Indians who know Spanish to Germans who do not know Spanish.
The ratio of persons who know Spanish to those who do not is 1:3. If the ratio of Indians who know Spanish to those who do not is 1:4,
then what is the ratio of Indians to Germans in the conference?(Assume that there are only Germans and Indians at the conference.)

1) 11 : 1
2) 12 : 1
3) 10 : 1
4) 9 : 1


Q 6 

Refer to the data below and answer the questions that follow.
Eight persons – A, B, C, D, E, F, G and H decided to attend a pet show organized in their city. Two persons have a dog each, two persons
have a cat each, two persons have a parrot each and two persons do not have any pet. Given below is some information about the
persons, and who reached when, to attend the pet show.
1. The person having a dog came just before the person having a parrot.
2. G, who does not have a dog reached just after B.
3. D has a dog and E has a parrot.
4. F came before H and met C when he reached the show.
5. E and B have the same type of pet.
6. The persons who reached first as well as the person who reached last have a parrot.
7. H, who has a cat, came just before the person having no pet.

Q 6

Among the given persons, who was the fourth to reach the pet show?

1) C
2) F
3) H
4) Cannot be determined

7 If no person came between the two persons having a cat, then how many persons came between the two persons having a dog?

1) 2
2) 4
3) 3
4) either 3 or 4

8

If F does not have a pet, then which of the given statements are definitely correct?
I. One person having a cat came just after a person having a parrot while the other person having a cat came just after a person having no
pet.
II. C came just after the person having a dog.
III. One of the persons having no pet came just after the person having a dog.



1) Only I and II
2) Only II and III
3) Only I and III
4) I, II and III


9

In the following question, there are five sentences. The sentence labelled A is in its correct place. The four that follow are labelled B, C, D
and E, and need to be arranged in the logical order to form a coherent paragraph. From the given options, choose the most appropriate
option.
A. Many linguists, including leading thinkers Noam Chomsky and Steven Pinker, view language in the technical, cognitive sense as
consisting of basic elements.
B. She also has a rule of morphology that tells her the plural is 'hats' and a rule of syntax that says when there's an adjective, put it first:
'red hat,' not 'hat red'.
C. There are words (the lexicon) and then there are mental rules for building words or combining them into sentences (the grammar).
D. And she has certain genetic – not learned – cognitive structures such as the knowledge that nouns and adjectives are different parts of
speech and that one modifies the other, which allow her to understand that 'red' describes a type of 'hat', but 'hat' does not describe a
type of 'red'.
E. An English speaker, for example, has in her mental dictionary the word 'hat', which is simply an arbitrary string of sounds she has
learned to associate with an object one wears on one's head.

1) CEBD
2) ECBD
3) EDBC
4) CBDE



10 

In the following question, there are five sentences. The sentence labelled A is in its correct place. The four that follow are labelled B, C, D
and E, and need to be arranged in the logical order to form a coherent paragraph. From the given options, choose the most appropriate
option.
A. The Earth orbits around the Sun, returning to the same position relative to the distant stars once every year.
B. Likewise, Venus moves around the Sun 1.63 times every time Earth orbits just once.
C. That kind of statement is extremely meaningful – without recourse to the concept of a 'year', we can say that Earth moves around the
Sun 1.88 times every time Mars orbits just once.
D. By itself, that's not so meaningful – it's just the definition of a 'year'.
E. But Mars, as it turns out, returns to the same position once every 1.88 years.



RC

Question 4 is based on the following reading passage.
According to Mercy Amba Oduyoye in Daughters of Anowa: African Women and Patriarchy, the
women of the Asante people of Ghana participated in war as nurses or in providing supplies, but only those who
had not yet reached or who were past childbearing age. If such women died in battle, they died "as individuals
and not as potential sources of human life."
5 As such, many old women engaged in valiant acts, sometimes sacrificing their own lives, to defend those they
had given life to.

4. Which of the following can be inferred from the passage?
(A) The deaths of Asante women of childbearing age were lamented more than were the deaths of other
women.
(B) Older Asante women were more courageous than younger Asante women.
(C) Some of those who worked as nurses or in providing supplies died in battle.
(D) Women of childbearing age were accorded special status above other women and men.
(E) Men could not be considered "potential sources of human life."
Questions 5–7 are based on the following reading passage.
The past decade has seen a statistically significant uptick in reports of the bacterial strains known as
"super-bugs," so called not because of enhanced virulence, but because of their resistance to many
antimicrobial agents. In particular, researchers have become alarmed about NDM-1 (New Delhi metallo-betalactamase),
which is not a single bacterial species, but a

transmittable genetic element encoding multiple resistance genes. A resistance "cocktail" such as NDM-1
could bestow immunity to a bevy of preexisting drugs simultaneously, rendering the bacterium nearly
impregnable.
However, in spite of the well-documented dangers posed by antibiotic-resistant bacteria, many scientists
argue that the human race has more to fear from viruses. Whereas
10
bacteria reproduce asexually through binary fission, viruses lack the necessary structures for reproduction, and
so are known as "intracellular obligate parasites." Virus particles called virions must marshal the host cell's
ribosomes, enzymes, and other cellular machinery in order to propagate. Once various viral components have
been built, they bind together randomly in the cellular cytoplasm. The newly finished copies of the virus break
through the cellular
15
membrane, destroying the cell in the process. Because of this, viral infections cannot be treated ex post facto
in the same way that bacterial infections can, since antivirals designed to kill the virus could do critical damage
to the host cell itself. In fact, viruses can infect bacteria (themselves complete cells), but not the other way
around. For many viruses, such as that responsible for the common cold sore, remission rather than cure is the
goal of currently
20 available treatment.
While the insidious spread of drug-resistant bacteria fueled by overuse of antibiotics in agriculture is
nothing to be sneezed at, bacteria lack the potential for cataclysm that viruses have. The prominent virologist
Nathan Wolfe considers human immunodeficiency virus (HIV), which has resulted in the deaths of more than
thirty million people and infected twice that
25
number, "the biggest near-miss of our lifetime." Despite being the most lethal pandemic in history, HIV could
have caused far worse effects. It is only fortunate happenstance that this virus cannot be transmitted through
respiratory droplets, as can the viruses that cause modern strains of swine flu (H1N1), avian flu (H5N1), and
SARS.


5. The main purpose of the passage can be expressed most accurately by which of the following?
(A) To contrast the manner by which bacteria and viruses infect the human body and cause cellular
damage.
(B) To explain the operations by which viruses use cell machinery to propagate.
(C) To argue for additional resources to combat drug-resistant bacteria and easily transmissible
pathogenic viruses.
(D) To highlight the good fortune experienced by the human race, in that the HIV pandemic has not been
more lethal.
(E) To compare the relative dangers of two biological threats and judge one of them to be far more
important.


6. It can be inferred from the passage that infections by bacteria
(A) result from asexual reproduction through binary fission
(B) can be treated ex post facto by antimicrobial agents
(C) can be rendered vulnerable by a resistance cocktail such as NDM-1
(D) are rarely cured by currently available treatments, but rather only put into remission
(E) mirror those by viruses, in that they can both do critical damage to the host cell


7. According to the passage, intracellular obligate parasites
(A) are unable to propagate themselves on their own
(B) assemble their components randomly out of virions
(C) reproduce themselves through sexual combination with host cells
(D) have become resistant to antibiotics through the overuse of these drugs
(E) construct necessary reproductive structures out of destroyed host cells
Questions 8–10 are based on the following reading passage.
A supernova is a brief stellar explosion so luminous that it can briefly outshine an entire galaxy. While
the explosion itself takes less than fifteen seconds, supernovae take weeks or months to fade from view;
during that time, a supernova can emit an amount of energy equivalent to the amount of energy the sun is
expected to radiate over its entire lifespan.
5 Supernovae generate enough heat to create heavy elements, such as mercury, gold, and silver. Although
supernovae explode frequently, few of them are visible (from Earth) to the naked eye.
In 1604 in Padua, Italy, a supernova became visible, appearing as a star so bright that it was visible in
daylight for more than a year. Galileo, who lectured at the university, gave several lectures widely attended by
the public. The lectures not only sought to explain the origin of
10
the "star" (some posited that perhaps it was merely "vapour near the earth"), but seriously undermined the
views of many philosophers that the heavens were unchangeable. This idea was foundational to a worldview
underpinned by a central and all-important Earth, with celestial bodies merely rotating around it.


8. The primary purpose of the passage is to
(A) give the history of supernovae
(B) describe a shift in thought as a result of a natural event
(C) juxtapose two opposing views about supernovae
(D) corroborate the view that the earth is not central to the universe
(E) explain how science and philosophy interrelate
Consider each of the answer choices separately and indicate all that apply.


9. Which of the following can be inferred by the passage?
Supernovae can take over a year to fade from view.
Prior to 1604, no one had ever seen a supernova.
Galileo convinced philosophers of the incorrectness of their views.


10. The author mentions which of the following as a result of the supernova of 1604?
(A) The supernova created and dispersed the heavy elements out of which the earth and everything on it is
made.
(B) Galileo explained the origin of the supernova.
(C) The public was interested in hearing lectures about the phenomenon.
(D) Galileo's lectures were opposed by philosophers.
(E) Those who thought the supernova was "vapour" were proved wrong.


Question 11 is based on the following reading passage.
A Small Place is Jamaica Kincaid's memoir of growing up in Antigua as well as an indictment of the
Antiguan government and Britain's colonial legacy in Antigua. Kincaid blames colonial rule for many of
Antigua's current problems, including drug dealing and selling off land for tourist properties. Kincaid's critics
question why, if the British are responsible for
5 the Antiguan government's corruption, the British government itself isn't more corrupt. Kincaid has responded
that there must have been some good people among the British, but that they stayed home.
Consider each of the answer choices separately and indicate all that apply.


11. Based on the information in the passage, which of the following would Kincaid most likely agree with?
A government can bring about a degree of corruption abroad that the government itself does not suffer
from at home.
Britain has caused corruption in governments throughout its former colonial empire.
Selling off land for tourism-related purposes is a problem for Antigua.

28.04.16 - RC SET #2

While new census data reveals that unemployment numbers are even direr than was previously suspected,
it is not clear that the forecast for American entrepreneurship is equally alarming. An article in a major
national newspaper suggests that the contraction in hiring at existing companies might result in more new
companies being founded. College graduates,
5
unable to find traditional jobs, instead opt to start their own businesses. Where a recession may seem an
unpropitious time for such a historically risky endeavor, with no better options, would-be entrepreneurs have
little to lose. Unfortunately, this situation does not necessarily impact the economy positively. Though the
average number of new businesses started per year has been higher during the recession than it was before, the
proportion of high-value businesses
10
founded each year has declined. So even if a business manages to stay solvent, it may not bring significant
returns. Also, because of an inevitable dearth of angel investors and venture capitalists, many new
entrepreneurs are putting their own money on the line. In certain ways, the choice between accepting a
traditional job and starting a business is not unlike the choice between renting and buying property. The latter
requires a significant initial outlay and carries
 heavier risks, but the rewards can be equally substantial.


1. The primary purpose of the passage is to
(A) propose changes in the way the public generally interprets census data
(B) maintain that college students should form their own companies, especially during economic
recessions
(C) present a nuanced view of a contemporary economic issue
(D) evaluate the viability of low-versus high-value businesses under various environmental conditions
(E) draw an analogy between career decisions and real estate decisions, specifically the choice to rent or
buy property

2. According to the passage, the reason that many college graduates are choosing to launch their own companies in the
present economic climate is that
(A) they are hampered by the difficulty of finding outside investors
(B) they cannot easily land positions typically open to workers of their experience
(C) the prevalence of low-value companies has increased
(D) they are forced to decide between renting and buying property
(E) forecasts of the unemployment rate are likely to become less dire in coming years

3. It can be inferred from the passage that over the course of the recent recession, the number of American high-value
businesses founded per year
(A) has fallen sharply
(B) has fallen moderately
(C) has risen sharply
(D) has risen moderately
(E) may have either fallen or risen

Wednesday 27 April 2016

28.04 RC SET






31. Which of these can be inferred as the 'insight' given by Madoff?
(a) The Recession was caused by a few rogue operators.
(b) The Recession was caused by the failure of the banks and financial organizations.
(c) The Recession was caused by the venality of the finance industry.
(d) The Recession was caused, in part, by the actions of the banking and financial industry.

32. Why does the author call Madoff the ultimate banking bogeyman?
(a) Madoff has come to represent the wrongs committed by the banking industry.
(b) Madoff has come to represent the type of agent that caused the recession.
(c) Madoff's actions were like those of a bogeyman.
(d) Madoff was to blame for the banking industry losing millions.


33. Which one of these would be the best title for the passage?
(a) Bernie Madoff – The new banking poster boy
(b) Beyond Madoff - Who else is to blame for the Recession?
(c) How did Bernie Madoff cause the Recession?
(d) How did the financial sector contribute to the Recession?



34. Which of the following can be inferred from the passage?
I. Relations between England and Ireland are cordial now.
II. Both Irish and British have been making efforts to ease the tension between the two nations.
III. The queen had chosen her attire to match Irish colours.
(a) Only I (b) II and III (c) I and II (d) None of the above


35. How is the quote from Ulysses relevant to Britain and Ireland?
(a) After years of conflict between Britain and Ireland, efforts are being made to resolve issues.
(b) After years of shared misfortune, Britain and Ireland are trying to make amends.
(c) Both Britain and Ireland have a tragic past that they are trying to recover from.
(d) Britain and Ireland have had bitter enmity and mistrust toward each other but that is now a thing
of the past.






36. Which of these best expresses the central theme of the passage?
(a) The passage explores why Dickens is an important author and will always be read.
(b) The author wants to argue that despite some weaknesses Dickens as a writer is second only to
Shakespeare.
(c) The passage captures the universal legacy of Dickens' writings.
(d) The passage captures the author's analysis of a George Orwell essay on Dickens.


37. All of the following are criticisms of Dickens' novels except:
I. Dickens' novels feature characters that have funny allegorical names.
II. Dickens is too sentimental at times.
III. Dickens' characters' opinion on class and rights is not clear which makes them feel unreal.
IV. Dickens' novels feature surprising coincidences.

38. According to author, what is the most important feature of Dickens' writings?
(a) The fact that his writing is easily understood by everybody.
(b) The whimsical characters that he created.
(c) The inventive visuals and jokes.
(d) The complete range and variety of his writings.


39. Which of the following best describes the tone of the passage?
(a) Analytical (b) Pedantic (c) Descriptive (d) Nostalgic
(a) Only I (b) I and III (c) II and IV (d) II, III and IV

Monday 25 April 2016

VARC 26.04.16






















































LR # 1

RC SET

DIRECTIONS for Questions 61 to 63: The passage given below is followed by a set of questions. Choose
the best answer to each question.
PASSAGE - 3
TWO decades before he won the Nobel prize for economics in 1991, Ronald Coase wrote an essay decrying
the poor state of research in industrial organization, the discipline in which he established his reputation. The
field, he complained, was devoted to the study of monopoly and antitrust policy. That, he said, made for bad
scholarship: an economist faced with a business practice that he cannot fathom, according to Mr Coase,
"looks for a monopoly explanation".
A lot has changed in the 37 years since that lament. The broader research effort for which Mr Coase called has
fostered a richer understanding of how firms respond to customers and rivals. Monopoly explanations now
compete with theories that see the same behaviour as helpful to consumers. That has made it harder to sort
malign from benign business practices. The recent antitrust finding against Intel, a maker of computer chips,
is a case in point. After a long investigation, ending in a bulky 524-page verdict, the European Union in May
fined Intel •1.06 billion ($1.44 billion) for illegally using its muscle to price AMD, a rival chipmaker, out of
the market. Intel rejects the charge of predatory pricing and plans a court appeal. Its lawyers have a block of
theory on which to build a defence.
Allegations of predatory pricing have a long history. The Sherman Antitrust Act of 1890, the foundation of
America's competition policy, was partly a response to complaints by small firms that larger rivals wanted to
drive them out of business. Trustbusters need to be wary of such claims. Low prices are one of the fruits of
competition: penalising business giants for price cuts would be perverse. But in rare circumstances, a big firm
with cash in reserve may cut prices below costs in order to starve smaller rivals of revenue. The profits
sacrificed in the short term can be recouped by higher prices once competitors are out of the way.
Establishing that a firm is guilty of predation is difficult. If rivals stumble or fail, that may be down to their
own inefficiency or poor products, and not because they were preyed upon. Proving that a firm is pricing
below its costs is tricky in practice. Even where a reliable price-cost or profit-sacrifice test is feasible, failing
it need not imply sinister intent. There are often pro-competitive reasons to forgo short-term profits. Firms
with a new product, or a new version of an existing one, may wish to pick a lossmaking price to defray the
cost to consumers of switching, or because they expect their own costs to fall as they perfect the production
process (video-game consoles are a classic example). Losses would then be a licit investment in future profits.


61. It can be inferred that
(a) The author is criticizing Ronald for his lament which has in fact made it difficult to sort malign from
benign business practices.
(b) The author considers Ronald's lament unwarranted since a lot has changed in the years after that.
(c) The broader research effort advocated by Mr. Coase has only led to a lot of confusion in understanding
the behaviour of firms.
(d) None of these.


62. The author in the passage is primarily concerned with
(a) Changes in the field of Industrial Organization since Ronald Coase's essay.
(b) Monopolistic Competition
(c) The difficulties in distinguishing between 'malign' and 'benign' business practices.
(d) The benefits and curses of competition.

63. Establishing that a firm is guilty of predation is difficult because of all the following reasons except
(a) Rivals may not stumble or fail because of their inefficiencies even if they are preyed upon.
(b) Failing a price –cost test does not necessarily mean that a firm sought to engage in predatory pricing.
(c) Firms may be perfecting the production process of a new product which would make costs fall in the
long run.
(d) Firms may want to decrease price of a new version of an existing product so as to compensate costs
to consumers of switching

WHAT BOOKS TO READ FOR CAT PREP





With due respect to the hallowed institutions the halls of MDI, IIFT, and SPJAIN etc are filled with students who would have been BLACKI  graduates if only they had been able to answer 4-5  more VARC questions correctly while taking their CAT .


Read on if you are a perfectionist and dream of scorecards like these ..










But trust me - Your biggest nightmare is waking up in January to a scorecard like this 




( XAT VA is almost invariably the toughest VA of the season ) 



The million dollar question  ( and in this case almost literally ) is to how to avoid this fate and make your dreams come true ?

One of the ways to do this is to read books .

We will discuss the other forms in a separate article .

The question that arises in the mind is  - WHAT DO I READ  ?

The  answer is simple  - WHATEVER YOU CAN !

Which leads to yet another question 

WHERE TO START?


My personal preference is to prod aspirants to pick up something on their own and start exploring  but I do realise that CAT aspirants tend to get too attuned to  MCQs to be able to make subjective choices 

So here is a list of 8 Books I would recommend  keeping in mind CAT prep as an objective.
  1. Manual for Living by Epictetus      :The essence of perennial Stoic wisdom in aphorisms of stunning insight and simplicity. The West's first and best little instruction book offers thoroughly contemporary and pragmatic reflections on how best to live with serenity and joy
  2. Meditations by Marcus Aurelius  : Meditations is a series of personal writings by Marcus Aurelius, Roman Emperor from 161 to 180 AD, recording his private notes to himself and ideas on Stoic philosophy
  3. A Brief History of Time by Stephen Hawking :Hawking attempts to explain a range of subjects in cosmology, including the big bangblack holes and light cones, to the nonspecialist reader. His main goal is to give an overview of the subject, but he also attempts to explain some complex mathematics
  4. Fooled by Randomness by Nassim Nicholas Tale : The Hidden Role of Chance in Life and in the Markets is a book by Nassim Nicholas Taleb that deals with the fallibility of human knowledge.
  5. The War of Art: The Art of War is an ancient Chinese military treatise dating from the 5th century BC. Attributed to the ancient Chinese military strategist Sun Tzu – "Master Sun
  6. The Little Prince  : The Little Prince is a poetic tale, with watercolour illustrations by the author, in which a pilot stranded in the desert meets a young prince fallen to Earth from a tiny asteroid. The story is philosophical and includes social criticism, remarking on the strangeness of the adult world.
  7. Surely You're Joking, Mr. Feynman! by Richard P. Feynman  It is an edited collection of reminiscences by the Nobel Prize-winning physicist Richard Feynman  ( XAT 2016) 
  8. The Count of Monte Cristo  - The Count of Monte Cristo (FrenchLe Comte de Monte-Cristo) is an adventure novel by French author Alexandre Dumas (père) completed in 1844. It is one of the author's most popular works, along with The Three Musketeers. (XAT 2015 )
  9. Cold Steel : When the world's two largest steel producers went head to head in a bitter struggle for market domination, an epic corporate battle ensued that sent shockwaves through the political corridors of Europe... ( IIFT 2015  )
  10. Foucault's Pendulum  - Umberto Eco  -      

This complex psychological thriller chronicles the development of a literary joke that plunges its perpetrators into deadly peril  (CAT 2008 )


However if you are the more dynamic type - we have a few other suggestions for you to explore 

1) GOODREADS  - GoodReads is more than just a book recommendation site, although it excels at helping your find new books to read based on the ones you enjoy. You can build a virtual "shelf" of books you own or have already read, share your progress with the books you're currently reading, rate the books you've read, leave reviews, and connect with other readers. You can also use those ratings to get book suggestions from the site's massive database of books. Your friends can make direct suggestions to you, and even if the book suggestions that the site builds aren't enough, you can go diving into user-generated book lists, reviews, and more

2 ) BOOKBUB  - While BookBub isn't strictly a book recommendation service, it does bring yousuper-low-cost books based on your interests every day. The service is free, and when you sign up, you tell BookBub what kinds of books you like to read. From there, you'll get an email from BookBub every day (you can choose whether it comes in the morning or evening) with book deals for that day. When we say "deal," we mean it—many of BookBub's titles are free entirely

3) WHICHBOOK  - http://www.openingthebook.com/whichbook/   - Whichbook enables millions of combinations of factors and then suggests books which most closely match your needs. Click to open up to 4 sliders and move the cursor to set your choices.

4) 

Amazon's 100 Books to Read in a Lifetime

The list spans 200 years of literature, along with a wide range of genres and intended audiences; authors include David Sedaris, Salman Rushdie, J.D. Salinger, Michael Pollan and Shel Silverstein.
Sara Nelson, editorial director of print and Kindle books at Amazon.com, said the list was created through taxing months of deliberation among her team, though no mathematical algorithms were used

5) http://www.yournextread.com/us/ -- Get recommendations based on books you select 


6  Join this FB Group for Books and discussions  - https://www.facebook.com/groups/190859297940603/

So - what are you waiting for ? Get Reading Now  

All the Best for CAT 2016 !

Tanveer Ahmed  is an alumnus of St.Xavier's College  Kolkata . and has had corporate stints with companies like Encyclopaedia Britannica and Genpact . He was a CAT trainer with T.I.M.E and IMS for more than 8 years before starting his own CAT Prep venture ADURO . 

For any advice / queries / personalised book suggestions you can reach out to him on  https://www.facebook.com/writetotanveer

You can also reach him on the CAT Prep group  - https://www.facebook.com/groups/CAT15WITHTANVEER









WHAT BOOKS TO READ FOR CAT PREP


With due respect to the hallowed institutions the halls of MDI, IIFT, and SPJAIN etc are filled with students who would have been BLACKI  graduates if only they had been able to answer 4-5  more VARC questions correctly while taking their CAT .


Read on if you are a perfectionist and dream of scorecards like these ..










But trust me - Your biggest nightmare is waking up in January to a scorecard like this 





( XAT VA is almost invariably the toughest VA of the season ) 



The million dollar question  ( and in this case almost literally ) is to how to avoid this fate and make your dreams come true ?

One of the ways to do this is to read books .

We will discuss the other forms in a separate article .

The question that arises in the mind is  - WHAT DO I READ  ?

The  answer is simple  - WHATEVER YOU CAN ?

Which leads to yet another question 

WHERE TO START?


My personal preference is to prod aspirants to pick up something on their own and start exploring  but I do realise that CAT aspirants tend to get too attuned to  MCQs to ne able to make subjective choices 

So here is a list of 8 Books I would recommend  keeping in mind CAT prep as an objective.
  1. Manual for Living by Epictetus      :The essence of perennial Stoic wisdom in aphorisms of stunning insight and simplicity. The West's first and best little instruction book offers thoroughly contemporary and pragmatic reflections on how best to live with serenity and joy
  2. Meditations by Marcus Aurelius  : Meditations is a series of personal writings by Marcus Aurelius, Roman Emperor from 161 to 180 AD, recording his private notes to himself and ideas on Stoic philosophy
  3. A Brief History of Time by Stephen Hawking :Hawking attempts to explain a range of subjects in cosmology, including the big bangblack holes and light cones, to the nonspecialist reader. His main goal is to give an overview of the subject, but he also attempts to explain some complex mathematics
  4. Fooled by Randomness by Nassim Nicholas Tale : The Hidden Role of Chance in Life and in the Markets is a book by Nassim Nicholas Taleb that deals with the fallibility of human knowledge.
  5. The War of Art: The Art of War is an ancient Chinese military treatise dating from the 5th century BC. Attributed to the ancient Chinese military strategist Sun Tzu – "Master Sun
  6. The Little Prince  : The Little Prince is a poetic tale, with watercolour illustrations by the author, in which a pilot stranded in the desert meets a young prince fallen to Earth from a tiny asteroid. The story is philosophical and includes social criticism, remarking on the strangeness of the adult world.
  7. Surely You're Joking, Mr. Feynman! by Richard P. Feynman "Surely You're Joking, Mr. Feynman!": Adventures of a Curious Character is an edited collection of reminiscences by the Nobel Prize-winning physicist Richard Feynman  ( XAT 2016) 
  8. The Count of Monte Cristo  - The Count of Monte Cristo (FrenchLe Comte de Monte-Cristo) is an adventure novel by French author Alexandre Dumas (père) completed in 1844. It is one of the author's most popular works, along with The Three Musketeers. (XAT 2015 )
  9. Cold Steel : When the world's two largest steel producers went head to head in a bitter struggle for market domination, an epic corporate battle ensued that sent shockwaves through the political corridors of Europe... ( IIFT 2015  )
  10. Foucault's Pendulum  - Umberto Eco  -      

This complex psychological thriller chronicles the development of a literary joke that plunges its perpetrators into deadly peril  CAT 2008 


However if you are the more dynamic types - we have a few alternative suggestions for you to explore 

1) GOODREADS  - GoodReads is more than just a book recommendation site, although it excels at helping your find new books to read based on the ones you enjoy. You can build a virtual "shelf" of books you own or have already read, share your progress with the books you're currently reading, rate the books you've read, leave reviews, and connect with other readers. You can also use those ratings to get book suggestions from the site's massive database of books. Your friends can make direct suggestions to you, and even if the book suggestions that the site builds aren't enough, you can go diving into user-generated book lists, reviews, and more

2 ) BOOKBUB  - While BookBub isn't strictly a book recommendation service, it does bring yousuper-low-cost books based on your interests every day. The service is free, and when you sign up, you tell BookBub what kinds of books you like to read. From there, you'll get an email from BookBub every day (you can choose whether it comes in the morning or evening) with book deals for that day. When we say "deal," we mean it—many of BookBub's titles are free entirely

3) WHICHBOOK  - http://www.openingthebook.com/whichbook/   - Whichbook enables millions of combinations of factors and then suggests books which most closely match your needs. Click to open up to 4 sliders and move the cursor to set your choices.

4) 

Amazon's 100 Books to Read in a Lifetime

The list spans 200 years of literature, along with a wide range of genres and intended audiences; authors include David Sedaris, Salman Rushdie, J.D. Salinger, Michael Pollan and Shel Silverstein.
Sara Nelson, editorial director of print and Kindle books at Amazon.com, said the list was created through taxing months of deliberation among her team, though no mathematical algorithms were used

5) http://www.yournextread.com/us/ -- Get recommendations based on books you select 


6  Join this FB Group for Books and discussions  - https://www.facebook.com/groups/190859297940603/

So - what are you waiting for ? Get Reading Now  

All the Best for CAT 2016 !


Tanveer Ahmed  is an alumnus of St.Xavier's College  Kolkata . and has had corporate stints with companies like Encyclopaedia Britannica and Genpact . He was a CAT trainer with T.I.M.E and IMS for more than 8 years before starting his own CAT Prep venture ADURO . 


For any advice / queries / personalised book suggestions you can reach out to him on  https://www.facebook.com/writetotanveer


You can also reach him on the CAT Prep group  - https://www.facebook.com/groups/CAT15WITHTANVEER