Dear readers,
This quiz consists of questions from
various past papers of MBA entrance exams. Leave your answers/ responses in the
comments section below and soon we’ll let you know the correct answers!
Directions for Questions 1 to 5: Each of
the following questions has a paragraph from which the last sentence has been
deleted. From the given options, choose the one that completes the paragraph in
the most appropriate way.
1. Relations between the factory and the
dealer are distant and usually strained as the factory tries to force cars on
the dealers to smooth out production. Relations between the dealer and the
customer are equally strained because dealers continuously adjust prices – make
deals – to adjust demand with supply while maximizing profits. This becomes a
system marked by a lack of long-term commitment on either side, which maximizes
feelings of mistrust. In order to maximize their bargaining positions, everyone
holds back information – the dealer about the product and the consumer about
his true desires.
(1) As a result, ‘deal making’ becomes
rampant, without concern for customer satisfaction.
(2) As a result, inefficiencies creep into
the supply chain.
(3) As a result, everyone treats the other
as an adversary, rather than as an ally.
(4) As a result, fundamental innovations
are becoming scarce in the automobile industry.
(5) As a result, everyone loses in the long
run.
2. We can usefully think of theoretical
models as maps, which help us navigate unfamiliar territory. The most accurate
map that it is possible to construct would be of no practical use whatsoever,
for it would be an exact replica, on exactly the same scale, of the place where
we were. Good maps pull out the most important features and throw away a huge
amount of much less valuable information. Of course, maps can be bad as well as
good – witness the attempts by medieval Europe to produce a map of the world.
In the same way, a bad theory, no matter how impressive it may seem in
principle, does little or nothing to help us understand a problem.
(1) But good theories, just like good maps,
are invaluable, even if they are simplified.
(2) But good theories, just like good maps,
will never represent unfamiliar concepts in detail.
(3) But good theories, just like good maps,
need to balance detail and feasibility of representation.
(4) But good theories, just like good maps,
are accurate only at a certain level of abstraction.
(5) But good theories, just like good maps,
are useful in the hands of a user who knows their limitations.
3. In the evolving world order, the
comparative advantage of the United States lies in its military force.
Diplomacy and international law have always been regarded as annoying
encumbrances, unless they can be used to advantage against an enemy. Every active
player in world affairs professes to seek only peace and to prefer negotiation
to violence and coercion.
(1) However, diplomacy has often been used
as a mask by nations which intended to use force.
(2) However, when the veil is lifted, we
commonly see that diplomacy is understood as a disguise for the rule of force.
(3) However, history has shown that many of
these nations do not practice what they profess. (4) However, history tells us
that peace is professed by those who intend to use violence.
(5) However, when unmasked, such nations
reveal a penchant for the use of force.
4. I am sometimes attacked for imposing
‘rules’. Nothing could be further from the truth. I hate rules. All I do is
report on how consumers react to different stimuli. I may say to a copywriter,
“Research shows that commercials with celebrities are below average in
persuading people to buy products. Are you sure you want to use a celebrity?”
Call that a rule? Or I may say to an art director, “Research suggests that if
you set the copy in black type on a white background, more people will read it
than if you set it in white type on a black background.”
(1) Guidance based on applied research can
hardly qualify as ‘rules’.
(2) Thus, all my so called ‘rules’ are
rooted in applied research.
(3) A suggestion perhaps, but scarcely a
rule.
(4) Such principles are unavoidable if one
wants to be systematic about consumer behaviour. (5) Fundamentally it is about
consumer behaviour – not about celebrities or type settings.
5. Age has a curvilinear relationship with
the exploitation of opportunity. Initially, age will increase the likelihood
that a person will exploit an entrepreneurial opportunity because people gather
much of the knowledge necessary to exploit opportunities over the course of
their lives, and because age provides credibility in transmitting that
information to others. However, as people become older, their willingness to
bear risks declines, their opportunity costs rise, and they become less
receptive to new information.
(1) As a result, people transmit more
information rather than experiment with new ideas as they reach an advanced
age.
(2) As a result, people are reluctant to
experiment with new ideas as they reach an advanced age.
(3) As a result, only people with lower
opportunity costs exploit opportunity when they reach an advanced age.
(4) As a result, people become reluctant to
exploit entrepreneurial opportunities when they reach an advanced age.
(5) As a result, people depend on
credibility rather than on novelty as they reach an advanced age.
Directions for Questions 6 to 10: Each
question has a set of four sequentially ordered statements. Each statement can
be classified as one of the following:
– Facts, which deal with pieces of
information that one has heard, seen or read, and which are open to discovery
or verification (the answer option indicates such a statement with an ‘F’).
– Inferences, which are conclusions drawn
about the unknown, on the basis of the known (the answer option indicates such
a statement with an ‘I’).
– Judgements, which are opinions that imply
approval or disapproval of persons, objects, situations and occurrences in the
past, the present or the future (the answer option indicates such a statement
with a ‘J’)
Select the answer option that best
describes the set of four statements.
6.
1. According to all statistical
indications, the Sarva Shiksha Abhiyan has managed to keep pace with its
ambitious goals.
2. The Mid-day Meal Scheme has been a
significant incentive for the poor to send their little ones to school, thus
establishing the vital link between healthy bodies and healthy minds.
3. Only about 13 million children in the
age group of 6 to 14 years are out of school.
4. The goal of universalisation of
elementary education has to be a pre-requisite for the evolution and
development of our country.
(1) IIFJ (2)
JIIJ (3) IJFJ (4) IJFI (5) JIFI
7.
1. We should not be hopelessly addicted to
an erroneous belief that corruption in India is caused by the crookedness of
Indians.
2. The truth is that we have more red tape
– we take eighty-nine days to start a small business, Australians take two.
3. Red tape leads to corruption and
distorts a people’s character.
4. Every red tape procedure is a point of
contact with an official, and such contacts have the potential to become
opportunities for money to change hands.
(1) JFIF (2)
JFJJ (3) JIJF (4)
IFJF (5) JFJI
8.
1. So much of our day-to-day focus seems to
be on getting things done, trudging our way through the tasks of living – it
can feel like a treadmill that gets you nowhere; where is the childlike joy?
2. We are not doing the things that make us
happy; that which brings us joy; the things that we cannot wait to do because
we enjoy them so much.
3. This is the stuff that joyful living is
made of – identifying your calling and committing yourself wholeheartedly to
it.
4. When this happens, each moment becomes a
celebration of you; there is a rush of energy that comes with feeling
completely immersed in doing what you love most.
(1) IIIJ
(2) IFIJ (3) JFJJ (4) JJJJ (5) JFII
9.
1. Inequitable distribution of all kinds of
resources is certainly one of the strongest and most sinister sources of
conflict.
2. Even without war, we know that conflicts
continue to trouble us – they only change in character.
3. Extensive disarmament is the only
insurance for our future; imagine the amount of resources that can be released
and redeployed.
4. The economies of the industrialized
western world derive 20% of their income from the sale of all kinds of arms.
(1) IJJI (2)
JIJF (3) IIJF (4) JIIF (5) IJIF
10.
1. Given the poor quality of service in the
public sector, the HIV/AIDS affected should be switching to private initiatives
that supply anti-retroviral drugs (ARVs) at a low cost.
2. The government has been supplying free
drugs since 2004, and 35000 have benefited up to now – though the size of the
affected population is 150 times this number.
3. The recent initiatives of networks and
companies like AIDSCare Network, Emcure, RelianceCipla-Cil, would lead to
availability of much-needed drugs to a larger number of affected people.
4. But how ironic it is that we should face
a perennial shortage of drugs when India is one of the world’s largest
suppliers of generic drugs to the developing world.
(1) JFIJ (2)
JIIJ (3) IFIJ (4) IFFJ (5) JFII
MBA:
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Answers
1(5) 2(1)
3(2) 4(4) 5(4)
6(3) 7(5) 8(4)
9(2) 10(1)
.