Comprehension Test Questions and Answers Practice Question and Answer

Q:

Directions: Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold to help you locate them while answering some of the questions.

Core competencies and focus are now the mantras of corporate strategists in Western economies. But while managers in the West have dismantled many conglomerates assembled in the 1960s and 1970s, the large, diversified business group remains the dominant form of enterprise throughout most emerging markets. Some groups operate as holding companies with full ownership in many enterprises, others are collections of publicly traded companies, but all have some degree of central control.

As emerging markets open up to global competition, consultants and foreign investors are increasingly pressuring these groups to conform to Western practice by scaling back the scope of their business activities. The conglomerate is the dinosaur of organizational design, they argue, too unwieldy and slow to compete in today's fast-paced markets. Already a number of executives have decided to break up their groups in order to show that they are focusing on only a few core businesses. 

There are reasons to worry about this trend. Focus is good advice in New York or London, but something important gets lost in translation when that advice is given to groups in emerging markets. Western companies take for granted a range of institutions that support their business activities, but many of these institutions are absent in other regions of the world. Without effective securities regulation and venture capital firms, for example, focused companies may be unable to raise adequate financing; and without strong educational institutions, they will struggle to hire skilled employees.

Communicating with customers is difficult when the local infrastructure is poor, and unpredictable government behavior can stymie any operation, although a focused strategy may enable a company to perform a few activities well, companies in emerging markets must take responsibility for a wide range of functions in order to do business effectively. 

In the case of product markets, buyers and sellers usually suffer from a severe dearth of information for three reasons. First, the communications infrastructure in emerging markets is often under-developed. Even as wireless communication spreads throughout the West, vast stretches in countries such as China and India remain without telephones. Power shortages often render the modes of communication that do exist ineffective. The postal service is typically inefficient, slow, or unreliable; and the private sector rarely provides efficient courier services. High rates of illiteracy make it difficult for marketers to communicate effectively with customers. 

Second, even when information about products does get around, there are no mechanisms to corroborate the claims made by sellers. Independent consumer - information organizations are rare, and government watchdog agencies are of little use. The few analysts who rate products are generally less sophisticated than their counterparts in advanced economies. 

Third, consumers have no redress mechanisms if a product does not deliver on its promise. Law enforcement is often capricious and so slow that few who assign any value to time would resort to it. Unlike in advanced markets, there are few extrajudicial arbitration mechanisms to which one can appeal. 

As a result of this lack of information, companies in emerging markets face much higher costs in building credible brands than their counterparts in advanced economies. In turn, established brands wield tremendous power. A conglomerate with a reputation for quality products and services can use its group name to enter new businesses, even if those businesses are completely unrelated to its current lines. Groups also have an advantage when they do try to build up a brand because they can spread the cost of maintaining it across multiple lines of business. Such groups then have a greater incentive not to damage brand quality in anyone business because they will pay the price in their other businesses as well.

What should be the most appropriate title of this passage? 

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    Hurdles in Emerging markets
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  • 2
    What is an Emerging market
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  • 3
    Lack of Information in Emerging Markets
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  • 4
    Advanced Markets Eat Emerging Markets
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  • 5
    None of these
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Answer : 1. "Hurdles in Emerging markets "

Q:

Directions: Read the following passage carefully and answer the questions given below it. Certain words are printed in bold to help you locate them while answering some of the questions.
We have witnessed several disasters in recent times, some natural others man made. The frequency of such calamities has injured us and deadened our collective sensitivity, but that does not reduce the enormity of the - personal tragedy of each victim's family and community. The economic loss is only secondary to the human suffering, but is also substantial. The Government whether State or Central has standardised its response. This consists of reacting late, blaming others, visits by VIPs announcing a relief package including compensation for those affected and then forgetting all about it. There seems to be little attempt at drawing lessons from each disaster, storing the knowledge for future use , long term planning for possible pre - emptive action. Prepared ness for disasters thus falls short of what is possible using today ' s technologies.

Floods in many parts of India like the states of Bihar and Assam area yearly phenomenon. Yet the government seems to be caught by surprise year after year. It is obvious that tarpaulins, vaccines, medicines, clothes, satellite phones, large numbers of doctors and paramedical staff etc. will be needed as will boats and buses for evacuation. This is known to all those who have combated emergencies yet the non - availability of these essential services and commodities occurs. Worse the organizational structure and mechanisms for dealing with disasters are lethargic and ill defined. The National Disaster Management Agency, set up a short time ago being a central government agency has limitations relating to infringing the jurisdiction of states. It could have aggregated and disseminated experiences and knowledge, stocked many of the essential items required in an emergency or worked with agencies to ensure sufficient stocks, but hasn’t.

While the reaction to major disasters is dismal, the response to emergencies like accident is equally sad. Victim lie unattended since passersby are wary of getting caught in a labyrinthine of police and legal systems. The resulting delay in treatment con verts injuries into deaths. Of late, unique and free service to provide assistance in emergency cases is operational. Emergency Management and Research Institute (EMRI) is a professionally managed operation - initiated by the vision and grant from Ramalinga Raju. The service , which is a successful example of public private partnership likely to become operational in a few states in the near future . Given the sad failure of conventional government organisations in handling disaster, it is time we looked at the PPP model as an alternative without the government seeking in any way to abdicate its responsibility. While the state provides the funding, private organizations will provide the drive, professionalism, competent management and output linked efficiency of a good corporate organization. Combining the sensitivity and purpose of an NGO with private entrepreneurial drive to handle disasters together is thus a worthwhile challenge for both corporates and the government .

Why is there a lack of medical care at disaster sites?

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    Inadequate transportation facilities.
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  • 2
    Lack of disaster management training for medical staff.
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    Wrong
  • 3
    Loss of medical supplies due to dangerous conditions.
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    Wrong
  • 4
    Safety of medical staff due to dangerous conditions.
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Lack of disaster management training for medical staff."

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Answer : 3. "They would tend to disappear and life would be correspondingly degraded."

Q:

Direction: Read the following passage carefully and answer the questions given below it. Certain words / phrases have been printed in bold to help you locate them while answering some of the questions.

Princess Chandravati was very beautiful. She loved all kinds of ornaments and always wanted to wear the most precious and lovely jewels. Once, a jeweler came to the palace and gifted the King a wonderful diamond necklace. It glittered with big and small diamonds. It was certainly a very expensive necklace. The princess fell in love with it as soon as she saw it. So, the king presented it to her.
 From that day on, the princess always wore that necklace, wherever she went. One day before, going for a swim in the pond, she took the necklace off and put in the hands of her oldest and the most trustworthy servant. "Hold this and be careful. This is the most precious necklace in the whole world, " she said. The Servant was an old woman. She sat under tree, holding the ornament tightly and waited for the princess. It was a hot afternoon and the servant was very tired so she dozed off under the tree. Suddenly the servant felt that someone was tugging at the necklace and she woke up with a start. She looked around but it no one was there and the necklace was gone. Scared out of her wits, the old servant started screaming. On hearing her scream the royal guards rushed to her. She pointed towards the direction in which the thief may have gone and the guards ran off that way.
 There was a poor and dim-witted farmer walking on the same road. As soon as he saw the royal guards running towards him, he thought that they wanted to catch him and started running. But he was not a strong man and could not outrun the hefty guards. The royal guards caught him in no time. “Where is it? " they demanded. shaking him. “Where is what? " the poor farmer stammered back. The necklace you stole!" thundered one of the royal guards. The farmer had no idea what they were talking about. He only understood that some precious necklace was lost and he was supposed to have it. He quickly replied, " I don't know where it is now. I gave it to my landlord.”

The guards ran towards the landlord 's house. "Give us the necklace right now ! " the guards demanded of the at landlord. "Necklace? I don’t have any!" the stunned landlord replied. Then tell us quickly who “does demanded the soldiers. In order to get the royal guards off his back, the landlord pointed towards a priest who was walking by his house and said, "He does." The guards now caught hold of the priest who was walking towards the temple and thinking about the lunch he had just eaten. The priest was stunned when one of the burly guards jumped on him and asked about the necklace. He remembered that the minister, Bhupathi, was at the temple. He took the guards to the temple and pointed towards the praying minister, “I gave it to him, "he said. Bhupati too was caught and all four men were thrown in jail. The Chief Minister of the kingdom knew Bhupati well and was sure that Bhupati would never steal. He decided to find out who the culprit was. He hid near the jail where all four men were put and heard them talking First, Bhupati asked the priest, “Panditji, why did you say that you gave the necklace to me? I was quietly praying at the temple and now you have landed me in jail for no fault of mine.” The priest looked apologetic. He pointed towards the landlord and said, " I didn’t know what to say. He set the " guards on me. I was simply passing by his house and was on my way to the temple." The landlord looked at the priest sheepishly. Then he turned towards the poor farmer and yelled. “You lazy good-for-nothing man! Why did you say that I had the necklace? " The farmer, trembling under the angry gaze of all three men, said, " I was just walking home. The guards caught me and I did not know what to say." On hearing, this conversation, he Chief Minister understood that all the four men were innocent. He immediately ordered the royal guards to search thoroughly, near the pond. The guards searched high and low till they saw something clinging the tree. On the tree sat a monkey with the princess’ favorite necklace around his neck. It took a lot of coxing and bananas before the monkey threw the necklace on the ground. The’ king apologized to at the four men and gave them gold coins as compensation. He requested his daughter to wear the necklace only indoors.

Select the same meaningful word from the given paragraph.
Precious 

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    Valuable
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    Best
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  • 3
    Biggest
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    Ordinary
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  • 5
    Worthless
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Answer : 1. "Valuable "

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Answer : 1. "two-lanes"

Q:

Directions: Read the passage given below and answer the questions that follow based on the information given in the passage.

IN GORILLA society, power belongs to silverback males. These splendid creatures have numerous status markers besides their back hair: they are bigger than the rest of their band, strike space-filling postures, produce deeper sounds, thump their chests lustily and, in general, exude an air of physical fitness. Things are not that different in the corporate world. The typical chief executive is more than six feet tall, has a deep voice, a good posture, a touch of grey in his thick, lustrous hair and, for his age, a fit body. Bosses spread themselves out behind their large desks. They stand tall when talking to subordinates. Their conversation is laden with prestige pauses and declarative statements. The big difference between gorillas and humans is, of course, that human society changes rapidly. The past few decades have seen a striking change in the distribution of power—between men and women, the West and the emerging world and geeks and non-geeks.

Women run some of America’s largest firms, such as General Motors (Mary Barra) and IBM (Virginia Rometty). More than half of the world’s biggest 2,500 public companies have their headquarters outside the West. Geeks barely out of short trousers run some of the world’s most dynamic businesses. Peter The, one of Silicon Valley’s leading investors, has introduced a blanket rule: never invest in a CEO who wears a suit. Yet it is remarkable, in this supposed age of diversity, how many bosses still conform to the stereotype. First, they are tall: in research for his 2005 book, “Blink”, Malcolm Gladwell found that 30% of CEOs of Fortune 500 companies are 6 feet 2 inches or taller, compared with 3.9% of the American population. People who “sound right” also have a marked advantage in the race for the top. Quantified Communications, a Texas-based company, asked people to evaluate speeches delivered by 120 executives. They found that voice quality accounted for 23% of listeners’ evaluations and the content of the speech only accounted for 11%.
 Academics from the business schools of the University of California, San Diego and Duke University listened to 792 male CEOs giving presentations to investors and found that those with the deepest voices earned $187,000 a year more than the average.
 Physical fitness seems to matter too: a study published this month, by Peter Limbach of the Karlsruhe Institute of Technology and Florian Sonnenburg of the University of Cologne, found that companies in America’s S&P 1500 index whose CEOs had finished a marathon were worth 5% more on average than those whose bosses had not.

Good posture makes people act like leaders as well as look like them: Amy Cuddy of Harvard Business School notes that the very act of standing tall, with your feet planted solidly and somewhat apart, your chest out and your shoulders back, boosts the supply of testosterone to the blood and lowers the supply of cortisol, a steroid associated with stress. (Unfortunately, this also increases the chance that you will make a risky bet.) Besides relying on all these supposedly positive indicators of fitness to lead, those who choose bosses also rely on some negative stereotypes. Overweight people—women especially—are judged incapable of controlling themselves, let alone others. Those who “uptalk”—habitually ending their statements on a high note as if asking a question—rule themselves out on the grounds that they sound tentative and juvenile.

What can be the suitable title of the passage?

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    The look of a leader
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  • 2
    Age of diversity
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    Wrong
  • 3
    Gorilla and humans
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    Wrong
  • 4
    Physical fitness matters
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    Wrong
  • 5
    CEOs Vs Gorilla
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Answer : 1. "The look of a leader"

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