Passage – 2
It is often forgotten that globalization is not only about policies on international economic relationships and transactions, but has equally to do with domestic policies of anation. Policy changes necessitated by meeting the internationally set conditions (by WTOetc.) of free trade and investment flows obviously affect domestic producers and investors. But the basic philosophy underlying globalization emphasizes absolute freedom to markets to determine prices and production and distribution patterns, and view government interventions as processes that create distortions and bring in inefficiency. Thus, public enterprises have to be privatized through disinvestments and sales; sectors and activities hitherto reserved for the public sector have to be opened to the private sector. This logic extends to the social services like education and health. Any restrictions on the adjustments in workforce by way of retrenchment of workers should also be removed and exit should be made easier by removing any restrictions on closures. Employment and wages should be governed by free play of market forces, as any measure to regulate them can discourage investment and also create inefficiency in production. Above all, in line with the overall philosophy of reduction in the role of the State, fiscal reforms should be undertaken to have generally low levels of taxation and government expenditure should be kept to the minimum to abide by the principle of fiscal prudence. All these are policy actions on the domestic front and are not directly related to the core items of the globalization agenda, namely free international flow of goods and finance.
26985.According to the passage, under the globalization, government interventions are viewed as processes leading to
distortions and inefficiency in the economy.
optimum use of resources.
more profitability to industries.
free play of market forces with regard to industries.
26986.According to the passage, the basic philosophy of globilization is to
Give Absolute Freedom to Producers to determine prices and production
Give Freedom to producer to evolve distribution pattern
Give absolue freedom to markets to determine prices production and employment
Give freedom to producer to export and import
26987.According to the passage which of the is/are are ensuring for globalization 1. Privatization for public enterprizes 2. Expansionary policy of public expenditure 3. Free play to market forces to determine wages and employment 4. privatization of social services like education and health Select the correct answer using the code given below
1 Only
2 and 3 only
1,3 and 4
2,3 and 4
26988.According the passage in the process of the globalization the state should have
Expenditure role
Reducing role
statutory role
none of the above
Direction for the following four items(4) The following graph shows the average profit of the two fruit-sellers A and B in thousand per year from the year 1995 to 2000.consider the graph and answer the four items that follow:
26989.In which year is the avarage profit is of A and B same?
1995.
1996
1997
1998
26990.What is the difference between Average profit betwwen A and B in the year 1998
Rs 100
Rs 1000
Rs 600
Rs 300
26991.How much more Average profit did A make in the year 2000 than in the year 1999?
Rs 200
Rs 1000
Rs 1500
Rs 2000
26992.What is the trend of the average profit of B from the year 1997 to the year 2000 ?
Non – increasing
Non – decreasing
Steady
Fluctuating
26993.The following table shows the marks obtained by two students in different subjects : The difference in the mean aggregate percentage marks of the students is
2.5 %
13.75%
1.25 %
Zero
26994.Examine the following figure Which one of the Following figure has been embedded in it?
a
b
c
d
26995.Consider the following matrix : Which one of the following figures fits into the blank part of the above matrix ?
a
b
c
d
26996.The following table gives population and total income of a city for four years : Which one of the following statements is correct in respect of the above data ?
Population increased by 5% or more every year.
Income increased by 10% or more every year.
Per capita income was always above Rs. 5,000.
Per capita income was highest in 1994.
26997.Consider the table given below in which the numbers bear certain relationship among themselves along the rows : Which one of the following numbers is the missing number indicated above by X ?
19
15
14
8
26998.Consider the following matrix with one empty block in the lower extreme corner? Which of the following figures could fit in the empty block and thus complete the matrix ?
a
b
c
d
26999.With reference to the figure given below, the number of different routes from S to T without retracing from U and / or V, is
3
6
9
18
27000.Consider the following figures: Change in positions of beads in the four figures above follows a sequence. Following the same sequence, which of the figures below should appear as the fifth figure above ?
a
b
c
d
27001.A bell rings every 18 minutes. A second bell rings every 24 minutes. A third bell rings every 32 minutes. If all the three bellsring at the same time at 8 o’clock in the morning, at what other time will they all ring together?
12 : 40 hrs
12 : 48 hrs
12 : 56 hrs
13 : 04 hrs
27002.“Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage, stamps, a day’s labour, the rent of houses, etc. were to double. Prices then would certainly rise, but values of all things except one would not.” The writer wants to say that if prices of all things were doubled
the values of all things would remain constant.
the values of the things sold would be doubled.
the values of the things bought would be halved.
the value of money only would be halved.
27003.A and B decide to travel from place X to place Y by bus. A has Rs. 10 with him and he finds that it is 80% of the bus fare for two persons. B finds that he has Rs. 3 with him and hands it over to A. In this context, which one of the following statements is correct ?
Now the money A has is just enough to buy two tickets.
A still needs Rs. 2 for buying the tickets.
After buying the two tickets A will be left with 50 paise.
The money A now has is still not sufficient to buy two tickets.
27004.As per agreement with a bank, a businessman had to refund a loan in some equal installments without interest. After paying 18 installments he found that 60 percent of his loan was refunded. How many installments were there in the agreement ?
22
24
30
33
27005.A worker reaches his factory 3 minutes late if his speed from his house to the factory is 5 km/hr. If he walks at a speed of 6 km/hr, then he reaches the factory 7 minutes early. The distance of the factory from his house is
3 km
4 km
5 km
6 km
27006.“Liberty, therefore, is never real unless the Government can be called to account when it invades rights.” Which one of the following is the best justification of the above statement ?
In the realisation that the government can be brought to book in a court of law.
In identifying a man as a political unit in a way which distinguishes him from other citizens
In a decentralized society where in the basic needs of men can find satisfaction
In the understanding that liberty and restraints are complementary.
