BITSAT English Proficiency Test - 8 - JEE MCQ

Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives. 

A new report from the McKinsey Global Institute, Urban world: Cities and the rise of the consuming class, finds that the 600 cities making the largest contribution to a higher global GDP—the City 600—will generate nearly 65 percent of world economic growth by 2025. However, the most dramatic story within the City 600 involves just over 440 cities in emerging economies; by 2025, the Emerging 440 will account for close to half of overall growth. One billion people will enter the global consuming class by 2025. They will have incomes high enough to classify them as significant consumers of goods and services, and around 600 million of them will live in the Emerging 440.

The world’s center of economic gravity has changed over past centuries. But since the mid-1980s, the pace of that shift—from the United States and Europe toward Asia— has been increasing dramatically. We expect this trend to continue, so executives and policy makers must be prepared to respond.

To capture the opportunities that arise from urbanization, businesses will need extensive market intelligence. Many of the Emerging 440 middleweights aren’t widely known outside their own nations. Income and demographic trends vary from country to country and city to city, and the consumption of different products and services starts to rise at different income levels. Armed with detailed information about relevant urban markets, companies need to allocate resources proactively and aggressively to capture the opportunities. Companies that understand and respond to shifting urban marketplaces are likely to experience tremendous benefits. Yet a new McKinsey survey finds that less than 20 percent of executives are making location decisions at the city level.

Policy makers have a different set of challenges. In the developing world, the task is to manage growth in a way that avoids diseconomies of scale and creates the basis for sustainable economic performance. In the developed world, the goal is to maintain a healthy rate of growth through higher productivity, new business investments, and enhanced links with emerging regions.

Q. Choose the correct synonym for the word EXTENSIVE from the given options in context of the given passage.

Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives. 

A new report from the McKinsey Global Institute, Urban world: Cities and the rise of the consuming class, finds that the 600 cities making the largest contribution to a higher global GDP—the City 600—will generate nearly 65 percent of world economic growth by 2025. However, the most dramatic story within the City 600 involves just over 440 cities in emerging economies; by 2025, the Emerging 440 will account for close to half of overall growth. One billion people will enter the global consuming class by 2025. They will have incomes high enough to classify them as significant consumers of goods and services, and around 600 million of them will live in the Emerging 440.

The world’s center of economic gravity has changed over past centuries. But since the mid-1980s, the pace of that shift—from the United States and Europe toward Asia— has been increasing dramatically. We expect this trend to continue, so executives and policy makers must be prepared to respond.

To capture the opportunities that arise from urbanization, businesses will need extensive market intelligence. Many of the Emerging 440 middleweights aren’t widely known outside their own nations. Income and demographic trends vary from country to country and city to city, and the consumption of different products and services starts to rise at different income levels. Armed with detailed information about relevant urban markets, companies need to allocate resources proactively and aggressively to capture the opportunities. Companies that understand and respond to shifting urban marketplaces are likely to experience tremendous benefits. Yet a new McKinsey survey finds that less than 20 percent of executives are making location decisions at the city level.

Policy makers have a different set of challenges. In the developing world, the task is to manage growth in a way that avoids diseconomies of scale and creates the basis for sustainable economic performance. In the developed world, the goal is to maintain a healthy rate of growth through higher productivity, new business investments, and enhanced links with emerging regions.

Q. Choose the correct antonym for the word CONSUMING from the given options in context of the given passage.

Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives. 

A new report from the McKinsey Global Institute, Urban world: Cities and the rise of the consuming class, finds that the 600 cities making the largest contribution to a higher global GDP—the City 600—will generate nearly 65 percent of world economic growth by 2025. However, the most dramatic story within the City 600 involves just over 440 cities in emerging economies; by 2025, the Emerging 440 will account for close to half of overall growth. One billion people will enter the global consuming class by 2025. They will have incomes high enough to classify them as significant consumers of goods and services, and around 600 million of them will live in the Emerging 440.

The world’s center of economic gravity has changed over past centuries. But since the mid-1980s, the pace of that shift—from the United States and Europe toward Asia— has been increasing dramatically. We expect this trend to continue, so executives and policy makers must be prepared to respond.

To capture the opportunities that arise from urbanization, businesses will need extensive market intelligence. Many of the Emerging 440 middleweights aren’t widely known outside their own nations. Income and demographic trends vary from country to country and city to city, and the consumption of different products and services starts to rise at different income levels. Armed with detailed information about relevant urban markets, companies need to allocate resources proactively and aggressively to capture the opportunities. Companies that understand and respond to shifting urban marketplaces are likely to experience tremendous benefits. Yet a new McKinsey survey finds that less than 20 percent of executives are making location decisions at the city level.

Policy makers have a different set of challenges. In the developing world, the task is to manage growth in a way that avoids diseconomies of scale and creates the basis for sustainable economic performance. In the developed world, the goal is to maintain a healthy rate of growth through higher productivity, new business investments, and enhanced links with emerging regions.

Q. Which of the following statements is true regarding the challenges faced by the policymakers in developing countries?
I) The challenges faced by the policymakers in developing countries is vastly different than those faced by them in developed countries.
II) The challenges faced by the policymakers in developing countries is how to maintain a healthy rate of economic growth.
III) The challenges faced by the policymakers in developing countries is how to create a sustainable economic performance while avoiding diseconomies of scale.