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Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).
Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.
  • a)
    This has resulted in a better understanding of economic cyclical growth.
  • b)
    This has addressed a long-standing concern on the same project.
  • c)
    Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.
  • d)
    This has enabled finance managers to be able to measure risk measurement data.
Correct answer is option 'C'. Can you explain this answer?
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Direction: In the following question a short passage is given with on...
Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. This has addressed a long-standing concern on the same project.
Option (B), although not a great answer option, is the one that can be selected, after the other four options have been eliminated. On closer examination, one can observe that option (B) completes the paragraph with some continuity.
Hence, the correct option is (B).
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Direction: Read the following passage carefully and answer the question given below it.How many really suffer as a result of labor market problems? This is one of the most critical yet contentious social policy questions. In many ways, our social statistics exaggerate the degree of hardship. Unemployment does not have the same dire consequences today as it did in the 1930’s when most of the unemployed were primary breadwinners, when income and earnings were usually much closer to the margin of subsistence, and when there were no countervailing social programs for those failing in the labor market. Increasing affluence, the rise of families with more than one wage earner, the growing predominance of secondary earners among the unemployed, and improved social welfare protection have unquestionably mitigate the consequences of joblessness. Earnings and income data also overstate the dimensions of hardship. Among the millions with hourly earnings at or below the minimum wage level, the overwhelming majority are from multiple-earner, relatively affluent families. Most of those counted by the poverty statistics are elderly or handicapped or have family responsibilities which keep them out of the labor force, so the poverty statistics are by no means an accurate indicator of labor market pathologies.Yet there are also many ways our social statistics underestimate the degree of labor-market-related hardship. The unemployment counts exclude the millions of fully employed workers whose wages are so low that their families remain in poverty. Low wages and repeated or prolonged unemployment frequently interact to undermine the capacity for self-support. Since the number experiencing joblessness at some time during the year is several times the number unemployed in any month, those who suffer as a result of forced idleness can equal or exceed average annual unemployment, even though only a minority of the jobless in any month really suffers. For every person counted in the monthly unemployment tallies, there is another working part-time because of the inability to find full-time work, or else outside the labor force but wanting a job. Finally, income transfers in our country have always focused on the elderly, disabled, and dependent, neglecting the needs of the working poor, so that the dramatic expansion of cash and in-kind transfers does not necessarily mean that those failing in the labor market are adequately protected.As a result of such contradictory evidence, it is uncertain whether those suffering seriously as a result of labor market problems number in the hundreds of thousands or the tens of millions, and, hence, whether high levels of joblessness can be tolerated or must be countered by job creation and economic stimulus. There is only one area of agreement in this debate—that the existing poverty, employment, and earnings statistics are inadequate for one their primary applications, measuring the consequences of labor market problems.The author of the passage compares the 1930s with the modern-day to prove that

Direction: Read the following passages given below and answer the questions given at the end of each passage.How many really suffer as a result of labour market problems? This is one of the most critical yet contentious social policy questions. In many ways, our social statistics exaggerate the degree of hardship. Unemployment does not have the same dire consequences today as it did in the 1930s when most of the unemployed were primary breadwinners, when income and earnings were usually much closer to the margin of subsistence, and when there were no countervailing social programmes for those failing in the labour market. Increasing affluence, the rise of families with more than one wage earner, the growing predominance of secondary earners among the unemployed, and improved social welfare protection have unquestionably mitigated the consequences of joblessness.Earnings and income data also overstate the dimensions of hardship. Among the millions with hourly earnings at or below the minimum wage level, the overwhelming majority are from multiple-earner, relatively affluent families. Most of those counted by the poverty statistics are elderly or handicapped or have family responsibilities which keep them out of the labour force, so the poverty statistics are by no means an accurate indicator of labour market pathologies. Yet there are also many ways our social statistics underestimate the degree of labour-market-related hardship. The unemployment counts exclude the millions of fully employed workers whose wages are so low that their families remain in poverty. Low wages and repeated or prolonged unemployment frequently interact to undermine the capacity for self-support. Since the number experiencing joblessness at same time during the year is several times the number unemployed in any month, those who suffer as a result of forced idleness can equal or exceed average annual unemployment, even though only a minority of the jobless in any month really suffer.For every person counted in the monthly unemployment tallies, there is another working part-time because of the inability to find full-time work, or else outside the labour force but wanting a job. Finally, income transfers in our country have always focused on the elderly, disabled, and dependent, neglecting the needs of the working poor, so that the dramatic expansion of cash and in-kind transfers does not necessarily mean that those failing in the labour market are adequately protected.As a result of such contradictory evidence, it is uncertain whether those suffering seriously as a result of labour market problems number in the hundreds of thousands or the tens of millions, and, hence, whether high levels of joblessness can be tolerated or must be countered by job creation and economic stimulus. There is only one area of agreement in this debate that the existing poverty, employment, and earnings statistics are inadequate for one their primary applications, measuring the consequences of labour market problems.Q. Which of the following is the principal topic of the passage?

Directions: Read the following passage and answer the question that follows.Alleviation of rural poverty has been one of the primary objectives of planned development in India. Ever since the inception of planning, the policies and the programmes have been designed and redesigned with this aim. The problem of rural poverty was brought into a sharper focus during the Sixth Plan. The Seventh Plan too emphasised growth with social justice. It was realized that a sustainable strategy of poverty alleviation has to be based on inversing the productive employment opportunities in the process of growth itself. However, to the extent the process of growth bypasses some sections of the population, it is necessary to formulate specific poverty alleviation programmes for generation of a certain minimum level of income for the rural poor. Rural development implies both the economic betterment of people as well as greater social transformation. Increased participation of people in the rural development process, decentralisation of planning, better enforcement of land reforms and greater access to credit and inputs go a long way in providing the rural people with better prospects of economic development. Improvements in health, education, drinking water, energy supply sanitation and housing couple with attitudinal changes also facilitate their social development.Rural poverty is inextricably linked with low rural productivity and unemployment, including underemployment. Hence, it is imperative to improve productivity and increase employment in rural areas. Moreover, more employment needs to be generated at higher levels of productivity in order to generate higher output. Employment at miserably low levels of productivity and incomes is already a problem of far greater magnitude than unemployment as such. It was around 5 percent. As per the currently used methodology in the Planning Commission, poverty for the same year was estimated to be 30 percent. This demonstrates that even though a large proportion of the rural population was working it was difficult for them to eke out a living even at subsistence levels from it. It is true that there has been a considerable decline in the incidence of rural poverty over time. In terms of absolute numbers of poor, the decline has been much less. While this can be attributed to the demographic factor, the fact remains that after 40 years of planned development about 200 million are still poor in rural India.Q.According to the passage, rural poverty is associated with which of the following factors?(i) Want of effectiveness of productive efforts(ii) Dearth of employment opportunities(iii) Absence of sanitation and housing facilities

Directions: The passage below is followed by a question based on its content. Answer the question on the basis of what is stated or implied in the passage.Sub-passage – IThe announcement of the birth of the cloned ewe, Dolly, in 1997 by scientists at the Roslyn Institute, was a shock for the entire world. Up until that point, the issue of the morality and ethics of cloning had been relegated to discussions of purely theoretical nature. Because of the conceptual simplicity of the process used, in which an enucleated egg is implanted with the genetic material from a somatic cell, many people immediately saw that the actual instantiation of cloning a human being was a distinct possibility and a potential moral and ethical danger zone. We had not, as a species, ever truly considered the likelihood that human reproduction would fall so fully under the hand of technology. Though there are many detractors to the application of cloning technology to humans, human cloning technology can be used with responsibility to achieve a number of improvements to human experience. Consequently, I oppose the proposal to ban research into the cloning of human beings because the arguments used to support such a ban do not bear the weight of critical inspection, though the arguments themselves are also important to human advancement.The arguments in support of a ban on human cloning are numerous and varied. There are a number of arguments that appear with relative frequency and can be grouped under general headings that seem to express natural fears and misgivings about human cloning and humanity’s relationship to the process of cloning in a moral sense. The general summation of these arguments seems to present itself in a single statement that Cloning should be banned because it fosters the treatment of people as means, not ends, provides no clear benefits in exchange for risks, fosters the further ambiguities of kinship structures, and compromises the dignity and uniqueness of individuals.Sub-passage – IIPart of being a human being is to be unique. It makes one wonder what kind of people would really like to have a clone. Whoever they are, they will not succeed. We are not facing the crisis in the continuity of human kind. Cloning of a human being is not, and never will be possible because one significant component - the mind - can not be cloned.The only thing that can be cloned is the body. But, human being is not only the body. It is also the mind. The mind-body interaction seems to be unquestionable these days.That interaction is only a part of the whole network of interactions called "The Web of Interactions."This new and constantly developing conceptual framework suggests that each human being is a tripartite entity constituted of three: the material, social and personal being. All these beings are interconnected by interactions. Their constituents such as: mind, perception, beliefs, judgments and actions can all be defined in terms of interactions.On that account the mind is a result of an interaction between the brain and the world.The world is not a stable entity. That means that the state of the world that created the mind of person X can not be repeated. If that is the case then the mind of the person X will not be the clone of person X. If the mind can not be a clone, there is no chance to clone a person.Q.Author of passage I would have the following attitude towards passage II.

Directions: The passage below is followed by a question based on its content. Answer the question on the basis of what is stated or implied in the passage.Sub-passage – IThe announcement of the birth of the cloned ewe, Dolly, in 1997 by scientists at the Roslyn Institute, was a shock for the entire world. Up until that point, the issue of the morality and ethics of cloning had been relegated to discussions of purely theoretical nature. Because of the conceptual simplicity of the process used, in which an enucleated egg is implanted with the genetic material from a somatic cell, many people immediately saw that the actual instantiation of cloning a human being was a distinct possibility and a potential moral and ethical danger zone. We had not, as a species, ever truly considered the likelihood that human reproduction would fall so fully under the hand of technology. Though there are many detractors to the application of cloning technology to humans, human cloning technology can be used with responsibility to achieve a number of improvements to human experience. Consequently, I oppose the proposal to ban research into the cloning of human beings because the arguments used to support such a ban do not bear the weight of critical inspection, though the arguments themselves are also important to human advancement.The arguments in support of a ban on human cloning are numerous and varied. There are a number of arguments that appear with relative frequency and can be grouped under general headings that seem to express natural fears and misgivings about human cloning and humanity’s relationship to the process of cloning in a moral sense. The general summation of these arguments seems to present itself in a single statement that Cloning should be banned because it fosters the treatment of people as means, not ends, provides no clear benefits in exchange for risks, fosters the further ambiguities of kinship structures, and compromises the dignity and uniqueness of individuals.Sub-passage – IIPart of being a human being is to be unique. It makes one wonder what kind of people would really like to have a clone. Whoever they are, they will not succeed. We are not facing the crisis in the continuity of human kind. Cloning of a human being is not, and never will be possible because one significant component - the mind - can not be cloned.The only thing that can be cloned is the body. But, human being is not only the body. It is also the mind. The mind-body interaction seems to be unquestionable these days.That interaction is only a part of the whole network of interactions called "The Web of Interactions."This new and constantly developing conceptual framework suggests that each human being is a tripartite entity constituted of three: the material, social and personal being. All these beings are interconnected by interactions. Their constituents such as: mind, perception, beliefs, judgments and actions can all be defined in terms of interactions.On that account the mind is a result of an interaction between the brain and the world.The world is not a stable entity. That means that the state of the world that created the mind of person X can not be repeated. If that is the case then the mind of the person X will not be the clone of person X. If the mind can not be a clone, there is no chance to clone a person.Q.According to passage II, cloning is impossible not because

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Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. Can you explain this answer?
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Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. 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 Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. Can you explain this answer?.
Solutions for Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. 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 Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound).Macroeconomics examines the economy as a whole ‘top down’ to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, macroeconomics has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition. _________________________________.a)This has resulted in a better understanding of economic cyclical growth.b)This has addressed a long-standing concern on the same project.c)Many economics feel that this further integration approach has enabled them to be able to make accurate growth projections.d)This has enabled finance managers to be able to measure risk measurement data.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
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