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Group Question
The passage given below is followed by a set of questions. Choose the most appropriate answer to each question.
The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.
Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power to decide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.
 
Q. According to the passage, the problem of induction is least likely to stem from which of the following?
  • a)
    The difficulty of generalising various individual experiences in order to arrive at a universal truth.
  • b)
    The dubitable veracity of multitudes of experiences which seem to reflect a common reality.
  • c)
    The lack of coherence in consolidating singular statements into a principle that explains them.
  • d)
    The unavailability of a means to establish the validity of something common to a number of experiences.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Group QuestionThe passage given below is followed by a set of question...
Option 1 can be inferred from “... it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one.”.
Option 3 finds support in “A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form.”. This implies that solving the problem of induction would necessitate bringing together of several individual experiences in a coherent manner.
According to the passage, “Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified. Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction.”. This eliminates option 4. Option 2 alone cannot be concluded since the “veracity" of multitudes of experiences is not questioned in the passage as much as the ability to derive inductive inferences from them is.
Hence, the correct answer is option 2.
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Directions: Read the passage and answer the question based on it.The second issue I want to address is one that comes up frequently - that Indian banks should aim to become global. Most people who put forward this view have not thought through the costs and benefits analytically; they only see this as an aspiration consistent with India's growing international profile. In its 1998 report, the Narasimham (II) Committee envisaged a three tier structure for the Indian banking sector: 3 or 4 large banks having an international presence on the top, 8-10 mid-sized banks, with a network of branches throughout the country and engaged in universal banking, in the middle, and local banks and regional rural banks operating in smaller regions forming the bottom layer. However, the Indian banking system has not consolidated in the manner envisioned by the Narasimham Committee. The current structure is that India has 81 scheduled commercial banks of which 26 are public sector banks. 21 are private sector banks and 34 are foreign banks. Even a quick review would reveal that there is no segmentation in the banking structure along the lines of Narasimham II.A natural sequel to this issue of the envisaged structure of the Indian banking system is the Reserve Bank's position on bank consolidation. Our view on bank consolidation is that the process should be market-driven, based on profitability considerations and brought about through a process of mergers & amalgamations (M&As). The initiative for this has to come from the boards of the banks concerned which have to make a decision based on a judgment of the synergies involved in the business models and the compatibility of the business cultures. The Reserve Bank's role in the re-organisation of the banking system will normally be only that of a facilitator.It should-be noted though that bank consolidation through mergers is not always a totally benign option. On the positive side there is a higher exposure threshold, international acceptance and recognition, improved risk management and improvement in financials due to economies of scale and scope. This can be achieved both through organic and inorganic growth. On the negative side, experience shows that consolidation would fail if there are no synergies in the business models and there is no compatibility in the business cultures and technology platforms of the merging banks.Having given that broad brush position on bank consolidation, let me address two specific questions: (i) can Indian banks aspire to global size and (ii) should Indian banks aspire to global size?On the first question, as per the current global league tables based on the size of assets, our largest bank, the State Bank of India (SBI), together with its subsidiaries, comes in at No.74 followed by ICICI Bank at No. 145 and Bank of Baroda at 188. It is, therefore, unlikely that any of our banks will jump into the top ten of the global league even after reasonable consolidation.Then comes the next question of whether Indian banks should become global. Opinion on this is divided. Those who argue that, we must go global contend that the issue is not so much the size of our banks in global rankings but of Indian banks having a strong enough global presence. The main argument is that the increasing global size and influence of Indian corporates warrant a corresponding increase in the global footprint of Indian banks. The opposing view is that Indian banks should look inwards rather than outwards, focus their efforts on financial deepening at home rather than aspiring to global size.It is possible to make a middle path and argue that looking outwards towards increased global presence and looking inwards towards deeper financial penetration are not mutually exclusive; it should be possible to aim for both. With the onset of the global financial crisis, there has definitely been a pause to the rapid expansion overseas of our banks. Nevertheless, notwithstanding the risks involved, it will be opportune for some of our larger banks to be looking out for opportunities for consolidation both organically and inorganically. They should look out more actively in regions which hold out a promise of attractive acquisitions.The surmise, therefore, is that Indian banks should increase their global footprint opportunistically even if they do not get to the top of the league table.Q. Which one of the following is the most appropriate meaning of the bold word of the paragraph?

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Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer?
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Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.The problem of induction may also be formulated as the question of the validity or the truth of universal statements which are based on experience, such as the hypotheses and theoretical systems of the empirical sciences. For many people believe that the truth of these universal statements is ‘known by experience’; yet it is clear that an account of an experience-of an observation or the result of an experiment-can in the first place be only a singular statement and not a universal one. Accordingly, people who say of a universal statement that we know its truth from experience usually mean that the truth of this universal statement can somehow be reduced to the truth of singular ones, and that these singular ones are known by experience to be true; which amounts to saying that the universal statement is based on inductive inference. Thus, to ask whether there are natural laws known to be true appears to be only another way of asking whether inductive inferences are logically justified.Yet if we want to find a way of justifying inductive inferences, we must first of all try to establish a principle of induction. A principle of induction would be a statement with the help of which we could put inductive inferences into a logically acceptable form. In the eyes of the upholders of inductive logic, a principle of induction is of supreme importance for scientific method. This principle, says Reichenbach, determines the truth of scientific theories. To eliminate it from science would mean nothing less than to deprive science of the power todecide the truth or falsity of its theories. Without it, clearly, science would no longer have the right to distinguish its theories from the fanciful and arbitrary creations of the poet’s mind.Q.According to the passage, the problem of induction is least likely to stem from which of the following?a)The difficulty of generalising various individual experiences in order to arrive at a universal truth.b)The dubitable veracity of multitudes of experiences which seem to reflect a common reality.c)The lack of coherence in consolidating singular statements into a principle that explains them.d)The unavailability of a means to establish the validity of something common to a number of experiences.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.
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