IAS Prelims CSAT Paper-II (Aptitude): Questions 10 - 12 of 95

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Passage

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 a nation. Policy changes necessitated by meeting the internationally set conditions (by WTO etc. ) 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 price 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. (2014)

Question number: 10 (3 of 4 Based on Passage) Show Passage

» Reading Comprehension » Moderately Difficult Passages

MCQ▾

Question

According to the passage, the basic philosophy of globalization is to

Choices

Choice (4) Response

a.

give freedom to producers to import and export.

b.

give freedom to producers to evolve distribution patterns.

c.

give absolute freedom to markets to determine prices, production and employment.

d.

give absolute freedom to producers to determine prices and production.

Question number: 11 (4 of 4 Based on Passage) Show Passage

» Reading Comprehension » Moderately Difficult Passages

MCQ▾

Question

According to the passage, which of the following is/are necessary for ensuring globalization?

1. Privatization of public enterprises

2. Expansionary policy of public expenditure

3. Free play of 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:

Choices

Choice (4) Response

a.

1 only

b.

2 and 3 only

c.

1, 3 and 4

d.

2, 3 and 4

Question number: 12

» Arithmetic » Numbers and Counting » Basic Arithmetic Operations

Appeared in Year: 2014

MCQ▾

Question

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?

Choices

Choice (4) Response

a.

A still needs Rs. 2 for buying the tickets.

b.

After buying the two tickets A will be left with 50 paisa.

c.

The money A now has is still not sufficient to buy two tickets.

d.

Now the money A has is just enough to buy two tickets.

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