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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.
We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.
Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.
Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.
Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit the lives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.
Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of ‘profit’ - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.
Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.
Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.
Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit the lives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.
Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of ‘profit’ - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.
Q. Which of the following is true about the private sector?
- a)It is a sector relatively associated with the pursuit of profits.
- b)It pays greater heed to the distributive aspect of economic benefits.
- c)A majority of grants are provided by the private sector to fight infectious diseases.
- d)It financially supports the textile industry as part of their Corporate Social Responsibility.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Group QuestionThe passage given below is followed by a set of question...
The passage states that “Traditionally, the private sector has always been associated with the relentless drive to maximise profits,..”, thus option 1 is contextually correct.
Option 2 is true with respect to the public sector, hence can be eliminated.
Options 3 and 4 are contextually misleading as the passage mentions that “Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa,...” Hence, the correct answer is option 1.
Option 2 is true with respect to the public sector, hence can be eliminated.
Options 3 and 4 are contextually misleading as the passage mentions that “Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa,...” Hence, the correct answer is option 1.
Most Upvoted Answer
Group QuestionThe passage given below is followed by a set of question...
Understanding the Private Sector's Role
The passage discusses the dual role of the private and public sectors in addressing poverty and economic disparities. Among the options provided, option 'A' states that the private sector is relatively associated with the pursuit of profits, which aligns with the text's assertions.
Key Points Supporting Option A:
- Profit Maximization: The passage highlights that the private sector is traditionally focused on maximizing profits, often prioritizing financial gains over social equity. This indicates a primary motivation rooted in profit.
- Bottom Line Focus: The text mentions that the private sector's concern is largely confined to the "bottom line," which refers to the net earnings after expenses. This reinforces the notion that profit is a central concern.
Contrasting Aspects of Other Options:
- Public Sector Focus: Option 'B' states that the private sector pays greater heed to the distributive aspect of economic benefits, which is incorrect. The passage attributes this concern primarily to the public sector.
- Grants and Support: Option 'C' implies that a majority of grants for fighting diseases come from the private sector. However, while it mentions specific foundations, the text does not claim that they dominate grant provision.
- Textile Industry Support: Option 'D' suggests financial support for the textile industry through CSR. While the Tata Foundation supports weavers, it does not indicate that this is a widespread financial strategy across the private sector.
Conclusion:
In summary, option 'A' accurately reflects the passage's emphasis on the private sector's inherent profit motive, distinguishing it from the public sector's focus on equity and welfare.
The passage discusses the dual role of the private and public sectors in addressing poverty and economic disparities. Among the options provided, option 'A' states that the private sector is relatively associated with the pursuit of profits, which aligns with the text's assertions.
Key Points Supporting Option A:
- Profit Maximization: The passage highlights that the private sector is traditionally focused on maximizing profits, often prioritizing financial gains over social equity. This indicates a primary motivation rooted in profit.
- Bottom Line Focus: The text mentions that the private sector's concern is largely confined to the "bottom line," which refers to the net earnings after expenses. This reinforces the notion that profit is a central concern.
Contrasting Aspects of Other Options:
- Public Sector Focus: Option 'B' states that the private sector pays greater heed to the distributive aspect of economic benefits, which is incorrect. The passage attributes this concern primarily to the public sector.
- Grants and Support: Option 'C' implies that a majority of grants for fighting diseases come from the private sector. However, while it mentions specific foundations, the text does not claim that they dominate grant provision.
- Textile Industry Support: Option 'D' suggests financial support for the textile industry through CSR. While the Tata Foundation supports weavers, it does not indicate that this is a widespread financial strategy across the private sector.
Conclusion:
In summary, option 'A' accurately reflects the passage's emphasis on the private sector's inherent profit motive, distinguishing it from the public sector's focus on equity and welfare.
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Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. Can you explain this answer?
Question Description
Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. Can you explain this answer? for CAT 2025 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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CAT 2025 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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. Can you explain this answer?.
Group QuestionThe passage given below is followed by a set of questions. Choose the most appropriate answer to each question.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. Can you explain this answer? for CAT 2025 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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CAT 2025 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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. 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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. 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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. 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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. 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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. 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.We live in a time when about 896 million people survive on less than $1.90 a day. A time, when the world produces sufficient food to provide 2700 k/cal to every person every day. Yet, a vast section of humanity is unable to afford it. The reason being this is the paucity of funds. Traditionally, the private sector has always been associated with the relentless drive to maximise profits, often at the cost of rising inequality. Whereas, the public sector is shown to pay greater heed to the distributive aspect of economic benefits. The private - public difference rests on the relative weights attached to efficiency and equity. While the private sector limits its arena of concern to the bottom line - subtraction of costs from revenues, the overarching role of the public sector is linked to enhancing welfare and promoting equity.Poverty eradication has perks for the private sector too. Bottom of the Pyramid investment by multinational corporations, such as those pursued by Danone in India and Unilever in Africa, helps to lift billions out of poverty. This, in turn, allows deprived communities to access products and services that have been appropriately priced for them. Whatever the private sector loses in terms of margins, it gains in terms of volumes. This way, the private sector is able to tap into new markets and geographies. Further, participating in the development process allows the private sector to gain in terms of risk mitigation and greater value creation, in addition to positive social positioning.Currently, Corporate Social Responsibility (CSR) initiatives by the private sector show promising results. Be it is the Tata Foundation supporting weavers in Varanasi or the Bill and Melinda Gates Foundation providing grants to fight Ebola in West Africa, the private sector is increasingly becoming part of a shared agenda to end global poverty. Private-public partnerships can also play a crucial role in elevating livelihoods. Recently, an IFAD-supported project in Rwanda forged a partnership between tea cooperatives and private investors- ensuring 30-40% equity shares for the cooperatives.Further, private sector jobs are more diversified and generate higher wages. If higher incomes and job security is a marker of poverty alleviation, then the private sector is steadily contributing to reducing inequalities. It generates employment and makes livelihoods higher. In addition, there is immense potential for commercial credit to benefit thelives of the rural poor. While complete credit penetration into the rural hinterland and urban slums is yet to be seen, the availability of commercial credit will no doubt protect the poor against exorbitant interest rates and debt traps.Concludingly, the private sector can end poverty. It can do so because of the new ideas it can bring to the table - innovation, strategy and skills. It has the immense resources it currently wields, and the humongous amount of influence that comes with it. The sector can participate because it is in its own interests to do so - in terms of opening up new markets and tapping new possibilities. All it needs is a reworking of the concept of profit - from being a commercial end goal accruing to shareholders, to a social product to be distributed among all stakeholders.Q.Which of the following is true about the private sector?a)It is a sector relatively associated with the pursuit of profits.b)It pays greater heed to the distributive aspect of economic benefits.c)A majority of grants are provided by the private sector to fight infectious diseases.d)It financially supports the textile industry as part of their Corporate Social Responsibility.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CAT tests.
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