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NMAT Mock Test - 2 (New Pattern) - CAT MCQ


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108 Questions MCQ Test - NMAT Mock Test - 2 (New Pattern)

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NMAT Mock Test - 2 (New Pattern) - Question 1

Read the following passage to answer the Questions. Choose the correct option in each of the questions.

We define the entrepreneur as an individual who identifies opportunities, and on the basis of his/her ability, desire and confidence, makes judgements and decisions pertaining to the coordination of resources in order to exploit those opportunities for personal gain. Personal gain in this context could be financial, fame, prestige or satisfaction from helping other people. This definition extends the concept beyond the narrow limits of profit maximization. It is important to note that entrepreneurial decision making is distinct from routine managerial / administrative decision making by corporate executives. However, this definition does include innovative venture decisions by executives and others in an already existing organization as legitimate entrepreneurial function. The entrepreneurial function consists of three main elements: recognition of opportunities, judgemental decision and coordination of resources. In terms of organization, the entrepreneur will be involved in risk bearing, autonomous decision making and residual claims.

Every person is potentially an entrepreneur. However, the extent of its manifestation in actual entrepreneurial activities, business or otherwise, is a matter of political, social, economic, cultural and ideological influences. Put differently, every human being has an innate ability to become an entrepreneur even though this ability is not always translated into action because of a variety of limiting factors. This observation allows us to propose that there are more than 5 billion entrepreneurs in this world, even though this conjecture may not have been fully manifested in the practical world of business.

If there are more than 5 billion entrepreneurs in this world, how is it that there is such a dearth of entrepreneurs in the world of business? This is an important question in view of the fact that business communities, academia and policy makers in the public realm have begun to talk about possibilities for fostering entrepreneurial growth in the global economy.

Q. Which of the following statements is NOT correct, according to the passage?

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 1
From first paragraph, "However, this definition does include innovative venture decisions by executives and others in an already existing organization as legitimate entrepreneurial function"

Hence, we can infer that executives can be entrepreneurs within the organization.

NMAT Mock Test - 2 (New Pattern) - Question 2

Read the following passage to answer the Questions. Choose the correct option in each of the questions.

We define the entrepreneur as an individual who identifies opportunities, and on the basis of his/her ability, desire and confidence, makes judgements and decisions pertaining to the coordination of resources in order to exploit those opportunities for personal gain. Personal gain in this context could be financial, fame, prestige or satisfaction from helping other people. This definition extends the concept beyond the narrow limits of profit maximization. It is important to note that entrepreneurial decision making is distinct from routine managerial / administrative decision making by corporate executives. However, this definition does include innovative venture decisions by executives and others in an already existing organization as a legitimate entrepreneurial function. The entrepreneurial function consists of three main elements: recognition of opportunities, judgemental decision and coordination of resources. In terms of organization, the entrepreneur will be involved in risk bearing, autonomous decision making and residual claims.

Every person is potentially an entrepreneur. However, the extent of its manifestation in actual entrepreneurial activities, business or otherwise, is a matter of political, social, economic, cultural and ideological influences. Put differently, every human being has an innate ability to become an entrepreneur even though this ability is not always translated into action because of a variety of limiting factors. This observation allows us to propose that there are more than 5 billion entrepreneurs in this world, even though this conjecture may not have been fully manifested in the practical world of business.

If there are more than 5 billion entrepreneurs in this world, how is it that there is such a dearth of entrepreneurs in the world of business? This is an important question in view of the fact that business communities, academia and policy makers in the public realm have begun to talk about possibilities for fostering entrepreneurial growth in the global economy.

Q. The passage implies that it is important to understand:

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 2
From the last paragraph, "If there are more than 5 billion entrepreneurs in this world, how is it that there is such a dearth of entrepreneurs in the world of business?"
NMAT Mock Test - 2 (New Pattern) - Question 3

Read the following passage to answer the Questions. Choose the correct option in each of the questions.

We define the entrepreneur as an individual who identifies opportunities, and on the basis of his/her ability, desire and confidence, makes judgements and decisions pertaining to the coordination of resources in order to exploit those opportunities for personal gain. Personal gain in this context could be financial, fame, prestige or satisfaction from helping other people. This definition extends the concept beyond the narrow limits of profit maximization. It is important to note that entrepreneurial decision making is distinct from routine managerial / administrative decision making by corporate executives. However, this definition does include innovative venture decisions by executives and others in an already existing organization as legitimate entrepreneurial function. The entrepreneurial function consists of three main elements: recognition of opportunities, judgemental decision and coordination of resources. In terms of organization, the entrepreneur will be involved in risk bearing, autonomous decision making and residual claims.

Every person is potentially an entrepreneur. However, the extent of its manifestation in actual entrepreneurial activities, business or otherwise, is a matter of political, social, economic, cultural and ideological influences. Put differently, every human being has an innate ability to become an entrepreneur even though this ability is not always translated into action because of a variety of limiting factors. This observation allows us to propose that there are more than 5 billion entrepreneurs in this world, even though this conjecture may not have been fully manifested in the practical world of business.

If there are more than 5 billion entrepreneurs in this world, how is it that there is such a dearth of entrepreneurs in the world of business? This is an important question in view of the fact that business communities, academia and policy makers in the public realm have begun to talk about possibilities for fostering entrepreneurial growth in the global economy.

Q. As per the passage, an entrepreneur is one who:

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 3
Entrepreneur makes judgements and decisions pertaining to the coordination of resources in order to exploit those opportunities for personal gain.
NMAT Mock Test - 2 (New Pattern) - Question 4

Read the following passage to answer the Questions. Choose the correct option in each of the questions.

We define the entrepreneur as an individual who identifies opportunities, and on the basis of his/her ability, desire and confidence, makes judgements and decisions pertaining to the coordination of resources in order to exploit those opportunities for personal gain. Personal gain in this context could be financial, fame, prestige or satisfaction from helping other people. This definition extends the concept beyond the narrow limits of profit maximization. It is important to note that entrepreneurial decision making is distinct from routine managerial / administrative decision making by corporate executives. However, this definition does include innovative venture decisions by executives and others in an already existing organization as legitimate entrepreneurial function. The entrepreneurial function consists of three main elements: recognition of opportunities, judgemental decision and coordination of resources. In terms of organization, the entrepreneur will be involved in risk bearing, autonomous decision making and residual claims.

Every person is potentially an entrepreneur. However, the extent of its manifestation in actual entrepreneurial activities, business or otherwise, is a matter of political, social, economic, cultural and ideological influences. Put differently, every human being has an innate ability to become an entrepreneur even though this ability is not always translated into action because of a variety of limiting factors. This observation allows us to propose that there are more than 5 billion entrepreneurs in this world, even though this conjecture may not have been fully manifested in the practical world of business.

If there are more than 5 billion entrepreneurs in this world, how is it that there is such a dearth of entrepreneurs in the world of business? This is an important question in view of the fact that business communities, academia and policy makers in the public realm have begun to talk about possibilities for fostering entrepreneurial growth in the global economy.

Q. The passage mentions the following functions of an entrepreneur:

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 4
"The entrepreneurial function consists of three main elements: recognition of opportunities, judgemental decision and coordination of resources."

"an individual who identifies opportunities, and on the basis of his/her ability, desire and confidence"

NMAT Mock Test - 2 (New Pattern) - Question 5

Refer to the passage below:

To make effective decisions all we have to do is to out-think our opponent. Our decisions needs to be better than that's all. There is no need to be perfect.

The mistake we make is to think through our intellect. If we ask any successful business leader or CEO these days about what has made them so successful, again and again they claim that their success came from something beyond their intellect; something beyond logic and facts; something that gave them the intelligence and guts to take effective decisions. It is simply the intuitive power within them that has helped them make these effective decisions.

We can tune into intuition as part of our regular life. The question therefore is not whether intuition is an inborn quality, but whether we can make ourselves intuitive. When we step into the present, we step out of time-bound awareness. We step beyond tension. Our body stops producing adrenaline. Time-bound awareness is mass, which is solid. Non time-bound awareness is pure energy. Liquid, dynamic, bubbling and creative. We step out of our boundaries. We become free. We become intuitive.

When our thoughts stop our present vision extends into the past and the future. We become free of time and space constraints. When we meditate deeply, we become intuitive, and can reach cosmic intelligence or enlightenment.

Q. Which of the following statements CANNOT be directly inferred from the above passage?

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 5
When we meditate, we can reach cosmic intelligence. But we have to make use of this intelligence to take effective decisions. By just meditating, we cannot assure that we will take effective decisions. Hence, option 4 cannot be inferred from the passage
NMAT Mock Test - 2 (New Pattern) - Question 6

Refer to the passage below:

To make effective decisions all we have to do is to out-think our opponent. Our decisions needs to be better than that's all. There is no need to be perfect.

The mistake we make is to think through our intellect. If we ask any successful business leader or CEO these days about what has made them so successful, again and again they claim that their success came from something beyond their intellect; something beyond logic and facts; something that gave them the intelligence and guts to take effective decisions. It is simply the intuitive power within them that has helped them make these effective decisions.

We can tune into intuition as part of our regular life. The question therefore is not whether intuition is an inborn quality, but whether we can make ourselves intuitive. When we step into the present, we step out of time-bound awareness. We step beyond tension. Our body stops producing adrenaline. Time-bound awareness is mass, which is solid. Non time-bound awareness is pure energy. Liquid, dynamic, bubbling and creative. We step out of our boundaries. We become free. We become intuitive.

When our thoughts stop our present vision extends into the past and the future. We become free of time and space constraints. When we meditate deeply, we become intuitive, and can reach cosmic intelligence or enlightenment.

Q. According to the passage, a successful business leader

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 6
According to the passage, when we become intuitive, we will be free of time and space constraints and hence can reach cosmic intelligence or enlightment.

Also, according to the passage a successful business leader is the one who uses intuitive power within them to take effective decisions

Hence, we can infer that a successful business leader is free of time and space constraints

NMAT Mock Test - 2 (New Pattern) - Question 7

Refer to the passage below:

To make effective decisions all we have to do is to out-think our opponent. Our decisions needs to be better than that's all. There is no need to be perfect.

The mistake we make is to think through our intellect. If we ask any successful business leader or CEO these days about what has made them so successful, again and again they claim that their success came from something beyond their intellect; something beyond logic and facts; something that gave them the intelligence and guts to take effective decisions. It is simply the intuitive power within them that has helped them make these effective decisions.

We can tune into intuition as part of our regular life. The question therefore is not whether intuition is an inborn quality, but whether we can make ourselves intuitive. When we step into the present, we step out of time-bound awareness. We step beyond tension. Our body stops producing adrenaline. Time-bound awareness is mass, which is solid. Non time-bound awareness is pure energy. Liquid, dynamic, bubbling and creative. We step out of our boundaries. We become free. We become intuitive.

When our thoughts stop our present vision extends into the past and the future. We become free of time and space constraints. When we meditate deeply, we become intuitive, and can reach cosmic intelligence or enlightenment.

Q. The MOST APPROPRIATE title for the passage might be

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 7
The passage gives details about how successful business leaders take effective decisions i.e. how they use their intuition and reach cosmic intelligence. Hence, "Intuition, the key to effective decisions" would be appropriate title for the given passage
NMAT Mock Test - 2 (New Pattern) - Question 8

Read the following four passages and answer the items that follow each passage. Your answers to these items should be based on the passage only.

Farmers make decisions in a risky, ever changing environment. The consequences of their decisions are generally not known when the decisions are made, and outcomes may be better or worse than expected. Variability of prices and yields are major sources of risk in agriculture. Changes in technology, legal and social concerns, and the human factor itself also contribute to the risky environment for farmers. Risky situations of concern are typically those in which either there is a high possibility of adverse consequences and or the adverse consequences, should they occur, would cause significant disruptions.

Farmers and other business people generally do not get into risky situations unless there is a probability of making money. Higher profits are typically associated with higher risks. It is to their advantage that these risky but potentially profitable situations be managed as carefully as possible. Effective risk management involves anticipating possible difficulties and planning to reduce their consequences, not just reacting to unfavourable events after they occur. The two primary aspects of risk management are: 1) anticipating that an unfavourable event may occur and acting to reduce the probability of its occurrence and 2) taking actions which will reduce the adverse consequences should the unfavourable event occur.

For example, risk management in the machinery area might involve a complete overhaul of an old tractor before the busy season to reduce the chances of a major breakdown. Also, during planting and harvesting, most farmers keep some key spare parts readily available. While the spare parts do not prevent a breakdown from occurring, the unfavorable consequences are reduced.

Some responses to risk, like hedging, may narrow the range of possible outcomes. With hedging, a farmer gives up the chance of a very high price, but is protected from a low price. Other risk responses, like insurance, may involve paying a premium to eliminate the consequences of a ``bad'' event. All of the responses to risk involve a cost, whether explicit like the insurance premium or implicit like the possible high price given up. A risk management strategy is developed using a variety of the available responses to risk.

Q. Which one of the following conclusions can be drawn from the passage?

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 8
For the given question, refer to the second paragraph of the passage and how it illustrates what needs to be done in order to effectively manage risk. It highlights the approach that needs to be adopted, and by taking these up, the most effective management of risk is completed. Option 1 focuses on only one aspect, options 3 incorrectly states that risk can always be hedged and option 4 does not find a mention in the passage.
NMAT Mock Test - 2 (New Pattern) - Question 9

Read the following four passages and answer the items that follow each passage. Your answers to these items should be based on the passage only.

Farmers make decisions in a risky, ever changing environment. The consequences of their decisions are generally not known when the decisions are made, and outcomes may be better or worse than expected. Variability of prices and yields are major sources of risk in agriculture. Changes in technology, legal and social concerns, and the human factor itself also contribute to the risky environment for farmers. Risky situations of concern are typically those in which either there is a high possibility of adverse consequences and or the adverse consequences, should they occur, would cause significant disruptions.

Farmers and other business people generally do not get into risky situations unless there is a probability of making money. Higher profits are typically associated with higher risks. It is to their advantage that these risky but potentially profitable situations be managed as carefully as possible. Effective risk management involves anticipating possible difficulties and planning to reduce their consequences, not just reacting to unfavourable events after they occur. The two primary aspects of risk management are: 1) anticipating that an unfavourable event may occur and acting to reduce the probability of its occurrence and 2) taking actions which will reduce the adverse consequences should the unfavourable event occur.

For example, risk management in the machinery area might involve a complete overhaul of an old tractor before the busy season to reduce the chances of a major breakdown. Also, during planting and harvesting, most farmers keep some key spare parts readily available. While the spare parts do not prevent a breakdown from occurring, the unfavorable consequences are reduced.

Some responses to risk, like hedging, may narrow the range of possible outcomes. With hedging, a farmer gives up the chance of a very high price, but is protected from a low price. Other risk responses, like insurance, may involve paying a premium to eliminate the consequences of a ``bad'' event. All of the responses to risk involve a cost, whether explicit like the insurance premium or implicit like the possible high price given up. A risk management strategy is developed using a variety of the available responses to risk.

Q. According to the passage, risk management is important in order to:

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 9
The central aspect of risk management is to ensure that losses are minimized in the case of an unfavorable event. Risk management is not for generating profits, it is for minimizing the loss an individual might face. Also, risk management does not relate to beating your competition, it is about reducing losses one might possibly face.
NMAT Mock Test - 2 (New Pattern) - Question 10

Directions: A word in capital is followed by four options. From the options, find the appropriate word that reflects the closest or similar meaning (synonym) to the given word.

BEREAVEMENT

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 10
bereaved means 'be deprived of a close relation or friend through their death'
NMAT Mock Test - 2 (New Pattern) - Question 11

Directions: choose the option that is closest in meaning to the capitalized word in the sentences.

Q. By long brooding over our recollections, we SUBTILIZE them into something akin to imaginary stuff, and hardly capable of being distinguished from it.

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 11
Subtilize means 'make more subtle; refine'
NMAT Mock Test - 2 (New Pattern) - Question 12

Directions: The question below has blanks, each blank indicating that something has been omitted. Choose the set of words for each blank which best fits the meaning of the sentence as a whole.

if you gave people a mustard taste test, a significant number had only ____ try Grey Poupon once to switch ____ yellow mustard. In the food world that almost never happens; even among the most successful food brands, only ______ one in a hundred has that kind of conversion rate

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 12
Preposition 'to' will be used in the following cases
  • Used to indicate relationship

  • Used to indicate a time or a period

  • Used to indicate the place, person, or thing that someone or something moves toward, or the direction of something

  • Used to indicate a limit or an ending point

Preposition 'from' is used in the following cases:

  • in the sense of where from

  • who gave it

NMAT Mock Test - 2 (New Pattern) - Question 13

Directions: Arrange the given sentences in the most logical sequence.

i. She was so innovative that she had begun to include the songs composed by Rabindranath Tagore in her repertoire even before the word "Rabindra Sangeet" was coined.

ii. Gauhar knew she could gain the goodwill of the Bengali babus by singing as many Bengali songs as she could in her soirees.

iii. Instead, she rendered them in her own style, giving them a classical twist.

iv. Gauhar was not afraid to defy the norms and in fact she seldom used the tunes that Tagore had set his songs to.

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 13
Statement (ii) is the introduction sentence as the topic mentioned in this statement is discussed in other sentences.

How Gauhar sang many Bengali songs is given in statement (i). hence, it follows statement (ii)

Statement (iv) further explains how Gauhar was innovative and seldom did she use tunes set by Tagore. Hence, it follows statement (i)

Statement (iii) concludes by explaining that she sang in her own style

Therefore, the correct sequence is ii, i, iv, iii

NMAT Mock Test - 2 (New Pattern) - Question 14

Directions: Arrange the given sentences in the most logical sequence.

Question consists of four jumbled sentences, which need to be arranged in logical sequence. Choose the option which has the correct logical sequence.

i. Ironically, the Iranian television programmers had mainly chosen that film because it lacks female characters.

ii. A few years ago some members of the Iranian Parliament set up an investigative committee to examine the content of national television.

iii. The cartoon version of Around the World in Eighty Days was also castigated, because the main character - a lion - was British and the film ended in that bastion of imperialism, London.

iv. The committee issued a lengthy report in which it condemned the showing of Billy Budd, because it claimed, the story promoted homosexuality.

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 14
Statement (ii) is the introduction sentence as the remaining sentences describe the events unfolding after setting up investigative committee

After setting up committee, it comes up with a report. Hence, statement (iv) follows statement (ii)

The reason for selecting story which promoted homosexuality is given in statement (i). hence, it follows statement (iv)

Statement (iii) concludes the paragraph by mentioning that other movie was also castigated

Therefore, the correct sequence is ii-iv-i-iii

NMAT Mock Test - 2 (New Pattern) - Question 15

Directions: In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words/ phrases are suggested, one of which fits the blank appropriately. Find out the appropriate word/phrase in each case.

The children living in rural areas continue to be deprived of a quality education. Part of the reason is their teachers. A large number of teachers (A) to teach in rural areas and those that do are usually under qualified. In recent years the number of qualified teachers has increased because of (B) efforts by the government and private groups to (C) the general education and professional training of teachers. There is more of an emphasis on the training of rural teachers, whose educational backgrounds are generally not as (D) as their urban counterparts.

Q. What would be at B?

Detailed Solution for NMAT Mock Test - 2 (New Pattern) - Question 15
with increased efforts by the government, the number of qualified teachers has increased
NMAT Mock Test - 2 (New Pattern) - Question 16

Directions: In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words/ phrases are suggested, one of which fits the blank appropriately. Find out the appropriate word/phrase in each case.

The children living in rural areas continue to be deprived of a quality education. Part of the reason is their teachers. A large number of teachers (A) to teach in rural areas and those that do are usually under qualified. In recent years the number of qualified teachers has increased because of (B) efforts by the government and private groups to (C) the general education and professional training of teachers. There is more of an emphasis on the training of rural teachers, whose educational backgrounds are generally not as (D) as their urban counterparts.

Q. What would be at A?