This EduRev document offers 10 Multiple Choice Questions (MCQs) from the topic Text Summary/Text Completion(Level - 2). These questions are of Level - 2 difficulty and will assist you in the preparation of CAT & other MBA exams. You can practice/attempt these CAT Multiple Choice Questions (MCQs) and check the explanations for a better understanding of the topic.
Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:If the society is organised as a political entity, elections and other political processes will tend to exacerbate conflict; ____
Explanation
Options (2), (3) and (5) can be easily rejected. (4) is a better fit than (1).
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Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:Directions: Choose the best option to complete the given sentence.
It is not enough to have a good mind; ___________.
Explanation
Is mind related to `positive thinking` and `integrity`? No, therefore, options (2) and (4) are eliminated; Not enough to `have`, but to `use` it.
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Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:While the lethal H5N1 virus has been marching from one country to another, infecting birds and, in some cases, humans, one fact is becoming apparent that as long as the virus persists in birds, be it poultry or wild birds, avian flu outbreaks are bound to recur.
The last sentence of the paragraph has been deleted. Which of the following completes the paragraph, most suitably?
Explanation
None, except (4), continues with the flow.
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Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:Knowledge theorists opine that risk management is actually a combination of management of uncertainty, risk, equivocality and error. Uncertainty arises due to lack of information. As information gathering progresses, uncertainty transforms into risk. In uncertainty, outcomes cannot be estimated even randomly. This is possible in the case of risk. As information about markets and knowledge about possible outcomes increases, risk management provides solutions for cutting risk. Equivocality arises due to conflicting interpretations and the resultant lack of judgement. This happens despite adequate knowledge of the situation. Institutions develop control systems to reduce errors, information systems to reduce uncertainty, incentive systems to manage agency problems in a risk-reward framework and cultural systems to deal with equivocality.
Which of the following can't be inferred from the paragraph?
Explanation
The passage is about management of risk and uncertainty. Nowhere does the passage imply that there is a situation of total uncertainty or that a situation of certainty or lucidity can be reached.
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Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:Not stagnating moment to moment is called achievement. Inward humility is achievement, outward courtesy is virtue. Establishing myriad truths in your nature is achievement; the mind being essentially detached from thoughts is virtue. Not departing from one's essential nature is achievement; acting adaptively without being affected is virtue. Continuity moment to moment, is achievement; balance and directness of mental activity are virtue. Refining your own nature is achievement. Refining your own person is virtue.
Which of the following can't be inferred from the paragraph?
Explanation
Going by POE (process of elimination), (1) is eliminated as it is true as per the opening lines of the passage. (2) is true as per the second sentence of the passage, hence, eliminated. (3) and (5) can also be inferred in the last lines. (4) is the only unrelated statement, hence the answer.
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Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:Directions: Five alternative illustrations are given below the text representing an idiom, a phrase or an aphorism. Choose the option that best illustrates the essence of the phrase.
The only way to deal with the analysis paralysis is to ride the tide.
Explanation
To "ride the tide" is an idiom that means to go along with circumstances.
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Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:Directions: Five alternative illustrations are given below the text representing an idiom, a phrase or an aphorism. Choose the option that best illustrates the essence of the phrase.
India is sue generis.
Explanation
`Sue generis` means one of its kind, i.e. unique.
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Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:Directions: Five alternative illustrations are given below the text representing an idiom, a phrase or an aphorism. Choose the option that best illustrates the essence of the phrase.
'Ever tried. Ever failed. No matter. Try again. Fail again. Fail better' (Samuel Beckett)
Explanation
The key to this answer is in the last expression, `Fail better`. This implies that we should learn from our failures and not commit the same mistakes again. This crux is only justified in option (4).
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Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:Directions: From the below given alternative summaries, choose the one that best presents the essence of the text.
The 'best and the brightest' in the IMF and the World Bank were aghast at the sudden collapse in southeast Asia. They thought they had been managing the world economy wonderfully well, following what came to be known as 'the Washington Consensus'. The Washington Consensus was a set of aphorisms shared by the IMF, the World Bank, the U.S. Treasury, Washington think-tanks and their friends around the world. The Washington Consensus called for an implicit faith in the efficacy of market economy, free movement of international capital and an unrestricted and free trade of goods throughout the world. Unable to place their finger on the precise reason for the collapse, they blamed short-term capital managed by financial intermediaries - commonly referred to as 'hot money'. In a globalised economy, they discovered with feigned wonderment, billions of dollars can be moved at the stroke of a computer key and this fact makes it almost impossible to manage or control its movement. At the same time, they said, imposing any restrictions on the movement of this 'hot money' is just not permissible, since it went against the basic credo of globalisation, namely, the free movement of capital. When Malaysia imposed a few restrictions, there was a howl of protest from all over the West. They said the imposition of such restrictions scared away capital from such countries and would prove counter-productive in the long run.
Explanation
The passage mainly highlights failure of IMF and World Bank to own responsibility for their lack of oversight over their free market approach. They simply shifted the blame towards financial intermediaries, and even after this, they again advocated the same free market movement.
(1) - Nothing about 'vested interests' can be inferred.
(2) - This does not mention anything about the confusing advocacy of the free-market economy despite the IMF and World Bank realising how uncontrollably funds can move across the world.
(3) - This statement inaccurately shifts the focus on the Malaysian restrictions. Nothing about key ideas can be inferred.
(4) - This most closely sums up the main ideas of the passage, as evident from the explanation.
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Question for Practice Questions Level 2: Text Summary/Text Completion
Try yourself:If there is some ambiguity about the knowledge an educated man should have, there is none at all about the skills. The first is ____
Explanation
The first ought to be a means to develop the second.
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