Question Description
Read the passage carefully and answer the following questions:Economist, ethicists and business experts persuade us that honesty is the best policy, but their evidence is weak. We hoped to find data that would support their theories and thus, perhaps, encourage higher standards of business behaviour. To our surprise, their pet theories failed to stand up.Treachery, we found, can pay. There is no compelling economic reason to tell the truth or keep one’s word. Punishment for the treacherous in the real world is neither swift nor sure.Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing good. But there is little factual or logical basis for thisconviction. Without values, without a basic preference of right over wrong, trust based on suchdelusionwould crumble in the face oftemptation. Most of us choose virtue because we want to believe in ourselves and because others respect and believe us.And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they have to be. Materially, too, trust based on morality provides great advantages. It allows us to join in great and exciting enterprises that we could never undertake if we relied on economic incentives alone.Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your victim is apt to seekrevengeand others are likely to stop doing business with you, at least under favourable terms. A man or woman with a reputation for fair dealing will prosper. Therefore, profit maximisers are honest. This sounds plausible enough until you look for concrete examples. Cases that apparently demonstrate the awful consequences of trust turn out to be few and weak, while evidence that treachery can pay seems compelling. Q. According to the author, which of the following, is the reason for being honest in business?a)It gives no immediate benefitsb)It gives no long-term benefitsc)It makes a person self-seekingd)It is harmful for competitors in long rune)None of the aboveCorrect answer is option 'E'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Read the passage carefully and answer the following questions:Economist, ethicists and business experts persuade us that honesty is the best policy, but their evidence is weak. We hoped to find data that would support their theories and thus, perhaps, encourage higher standards of business behaviour. To our surprise, their pet theories failed to stand up.Treachery, we found, can pay. There is no compelling economic reason to tell the truth or keep one’s word. Punishment for the treacherous in the real world is neither swift nor sure.Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing good. But there is little factual or logical basis for thisconviction. Without values, without a basic preference of right over wrong, trust based on suchdelusionwould crumble in the face oftemptation. Most of us choose virtue because we want to believe in ourselves and because others respect and believe us.And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they have to be. Materially, too, trust based on morality provides great advantages. It allows us to join in great and exciting enterprises that we could never undertake if we relied on economic incentives alone.Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your victim is apt to seekrevengeand others are likely to stop doing business with you, at least under favourable terms. A man or woman with a reputation for fair dealing will prosper. Therefore, profit maximisers are honest. This sounds plausible enough until you look for concrete examples. Cases that apparently demonstrate the awful consequences of trust turn out to be few and weak, while evidence that treachery can pay seems compelling. Q. According to the author, which of the following, is the reason for being honest in business?a)It gives no immediate benefitsb)It gives no long-term benefitsc)It makes a person self-seekingd)It is harmful for competitors in long rune)None of the aboveCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the passage carefully and answer the following questions:Economist, ethicists and business experts persuade us that honesty is the best policy, but their evidence is weak. We hoped to find data that would support their theories and thus, perhaps, encourage higher standards of business behaviour. To our surprise, their pet theories failed to stand up.Treachery, we found, can pay. There is no compelling economic reason to tell the truth or keep one’s word. Punishment for the treacherous in the real world is neither swift nor sure.Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing good. But there is little factual or logical basis for thisconviction. Without values, without a basic preference of right over wrong, trust based on suchdelusionwould crumble in the face oftemptation. Most of us choose virtue because we want to believe in ourselves and because others respect and believe us.And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they have to be. Materially, too, trust based on morality provides great advantages. It allows us to join in great and exciting enterprises that we could never undertake if we relied on economic incentives alone.Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your victim is apt to seekrevengeand others are likely to stop doing business with you, at least under favourable terms. A man or woman with a reputation for fair dealing will prosper. Therefore, profit maximisers are honest. This sounds plausible enough until you look for concrete examples. Cases that apparently demonstrate the awful consequences of trust turn out to be few and weak, while evidence that treachery can pay seems compelling. Q. According to the author, which of the following, is the reason for being honest in business?a)It gives no immediate benefitsb)It gives no long-term benefitsc)It makes a person self-seekingd)It is harmful for competitors in long rune)None of the aboveCorrect answer is option 'E'. Can you explain this answer?.

Solutions for Read the passage carefully and answer the following questions:Economist, ethicists and business experts persuade us that honesty is the best policy, but their evidence is weak. We hoped to find data that would support their theories and thus, perhaps, encourage higher standards of business behaviour. To our surprise, their pet theories failed to stand up.Treachery, we found, can pay. There is no compelling economic reason to tell the truth or keep one’s word. Punishment for the treacherous in the real world is neither swift nor sure.Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing good. But there is little factual or logical basis for thisconviction. Without values, without a basic preference of right over wrong, trust based on suchdelusionwould crumble in the face oftemptation. Most of us choose virtue because we want to believe in ourselves and because others respect and believe us.And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they have to be. Materially, too, trust based on morality provides great advantages. It allows us to join in great and exciting enterprises that we could never undertake if we relied on economic incentives alone.Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your victim is apt to seekrevengeand others are likely to stop doing business with you, at least under favourable terms. A man or woman with a reputation for fair dealing will prosper. Therefore, profit maximisers are honest. This sounds plausible enough until you look for concrete examples. Cases that apparently demonstrate the awful consequences of trust turn out to be few and weak, while evidence that treachery can pay seems compelling. Q. According to the author, which of the following, is the reason for being honest in business?a)It gives no immediate benefitsb)It gives no long-term benefitsc)It makes a person self-seekingd)It is harmful for competitors in long rune)None of the aboveCorrect answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

Here you can find the meaning of Read the passage carefully and answer the following questions:Economist, ethicists and business experts persuade us that honesty is the best policy, but their evidence is weak. We hoped to find data that would support their theories and thus, perhaps, encourage higher standards of business behaviour. To our surprise, their pet theories failed to stand up.Treachery, we found, can pay. There is no compelling economic reason to tell the truth or keep one’s word. Punishment for the treacherous in the real world is neither swift nor sure.Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing good. But there is little factual or logical basis for thisconviction. Without values, without a basic preference of right over wrong, trust based on suchdelusionwould crumble in the face oftemptation. Most of us choose virtue because we want to believe in ourselves and because others respect and believe us.And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they have to be. Materially, too, trust based on morality provides great advantages. It allows us to join in great and exciting enterprises that we could never undertake if we relied on economic incentives alone.Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your victim is apt to seekrevengeand others are likely to stop doing business with you, at least under favourable terms. A man or woman with a reputation for fair dealing will prosper. Therefore, profit maximisers are honest. This sounds plausible enough until you look for concrete examples. Cases that apparently demonstrate the awful consequences of trust turn out to be few and weak, while evidence that treachery can pay seems compelling. Q. According to the author, which of the following, is the reason for being honest in business?a)It gives no immediate benefitsb)It gives no long-term benefitsc)It makes a person self-seekingd)It is harmful for competitors in long rune)None of the aboveCorrect answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the passage carefully and answer the following questions:Economist, ethicists and business experts persuade us that honesty is the best policy, but their evidence is weak. We hoped to find data that would support their theories and thus, perhaps, encourage higher standards of business behaviour. To our surprise, their pet theories failed to stand up.Treachery, we found, can pay. There is no compelling economic reason to tell the truth or keep one’s word. Punishment for the treacherous in the real world is neither swift nor sure.Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing good. But there is little factual or logical basis for thisconviction. Without values, without a basic preference of right over wrong, trust based on suchdelusionwould crumble in the face oftemptation. Most of us choose virtue because we want to believe in ourselves and because others respect and believe us.And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they have to be. Materially, too, trust based on morality provides great advantages. It allows us to join in great and exciting enterprises that we could never undertake if we relied on economic incentives alone.Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your victim is apt to seekrevengeand others are likely to stop doing business with you, at least under favourable terms. A man or woman with a reputation for fair dealing will prosper. Therefore, profit maximisers are honest. This sounds plausible enough until you look for concrete examples. Cases that apparently demonstrate the awful consequences of trust turn out to be few and weak, while evidence that treachery can pay seems compelling. Q. According to the author, which of the following, is the reason for being honest in business?a)It gives no immediate benefitsb)It gives no long-term benefitsc)It makes a person self-seekingd)It is harmful for competitors in long rune)None of the aboveCorrect answer is option 'E'. Can you explain this answer?, a detailed solution for Read the passage carefully and answer the following questions:Economist, ethicists and business experts persuade us that honesty is the best policy, but their evidence is weak. We hoped to find data that would support their theories and thus, perhaps, encourage higher standards of business behaviour. To our surprise, their pet theories failed to stand up.Treachery, we found, can pay. There is no compelling economic reason to tell the truth or keep one’s word. Punishment for the treacherous in the real world is neither swift nor sure.Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing good. But there is little factual or logical basis for thisconviction. Without values, without a basic preference of right over wrong, trust based on suchdelusionwould crumble in the face oftemptation. Most of us choose virtue because we want to believe in ourselves and because others respect and believe us.And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they have to be. Materially, too, trust based on morality provides great advantages. It allows us to join in great and exciting enterprises that we could never undertake if we relied on economic incentives alone.Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your victim is apt to seekrevengeand others are likely to stop doing business with you, at least under favourable terms. A man or woman with a reputation for fair dealing will prosper. Therefore, profit maximisers are honest. This sounds plausible enough until you look for concrete examples. Cases that apparently demonstrate the awful consequences of trust turn out to be few and weak, while evidence that treachery can pay seems compelling. Q. According to the author, which of the following, is the reason for being honest in business?a)It gives no immediate benefitsb)It gives no long-term benefitsc)It makes a person self-seekingd)It is harmful for competitors in long rune)None of the aboveCorrect answer is option 'E'. Can you explain this answer? has been provided alongside types of Read the passage carefully and answer the following questions:Economist, ethicists and business experts persuade us that honesty is the best policy, but their evidence is weak. We hoped to find data that would support their theories and thus, perhaps, encourage higher standards of business behaviour. To our surprise, their pet theories failed to stand up.Treachery, we found, can pay. There is no compelling economic reason to tell the truth or keep one’s word. Punishment for the treacherous in the real world is neither swift nor sure.Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing good. But there is little factual or logical basis for thisconviction. Without values, without a basic preference of right over wrong, trust based on suchdelusionwould crumble in the face oftemptation. Most of us choose virtue because we want to believe in ourselves and because others respect and believe us.And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they have to be. Materially, too, trust based on morality provides great advantages. It allows us to join in great and exciting enterprises that we could never undertake if we relied on economic incentives alone.Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your victim is apt to seekrevengeand others are likely to stop doing business with you, at least under favourable terms. A man or woman with a reputation for fair dealing will prosper. Therefore, profit maximisers are honest. This sounds plausible enough until you look for concrete examples. Cases that apparently demonstrate the awful consequences of trust turn out to be few and weak, while evidence that treachery can pay seems compelling. Q. According to the author, which of the following, is the reason for being honest in business?a)It gives no immediate benefitsb)It gives no long-term benefitsc)It makes a person self-seekingd)It is harmful for competitors in long rune)None of the aboveCorrect answer is option 'E'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the passage carefully and answer the following questions:Economist, ethicists and business experts persuade us that honesty is the best policy, but their evidence is weak. We hoped to find data that would support their theories and thus, perhaps, encourage higher standards of business behaviour. To our surprise, their pet theories failed to stand up.Treachery, we found, can pay. There is no compelling economic reason to tell the truth or keep one’s word. Punishment for the treacherous in the real world is neither swift nor sure.Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing good. But there is little factual or logical basis for thisconviction. Without values, without a basic preference of right over wrong, trust based on suchdelusionwould crumble in the face oftemptation. Most of us choose virtue because we want to believe in ourselves and because others respect and believe us.And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they have to be. Materially, too, trust based on morality provides great advantages. It allows us to join in great and exciting enterprises that we could never undertake if we relied on economic incentives alone.Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your victim is apt to seekrevengeand others are likely to stop doing business with you, at least under favourable terms. A man or woman with a reputation for fair dealing will prosper. Therefore, profit maximisers are honest. This sounds plausible enough until you look for concrete examples. Cases that apparently demonstrate the awful consequences of trust turn out to be few and weak, while evidence that treachery can pay seems compelling. Q. According to the author, which of the following, is the reason for being honest in business?a)It gives no immediate benefitsb)It gives no long-term benefitsc)It makes a person self-seekingd)It is harmful for competitors in long rune)None of the aboveCorrect answer is option 'E'. Can you explain this answer? tests, examples and also practice Banking Exams tests.