Decision Making and Problem Solving-Decision Making (IAS Prelims CSAT Paper-II (Aptitude)): Questions 1 - 4 of 4

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 95 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 100.00 or

Passage

Many nations now place their faith in capitalism and governments choose it as the strategy to create wealth for their people. The spectacular economic growth seen in Brazil, China and India after the liberalization of their economies is proof of its enormous potential and success. However, the global banking crisis and the economic recession have left many bewildered. The debates tend to focus on free market operations and forces, their efficiency and their ability for self-correction. Issues of justice, integrity and honesty are rarely elaborated to highlight the failure of the global banking system. The apologists of the system continue to justify the success of capitalism and argue that the recent crisis was a blip. Their arguments betray an “ideological bias” with the assumptions that an unregulated market is fair and competent, and that the exercise of private greed will be in the larger public interest.

Few recognize the bidirectional relationship between capitalism and greed; that each reinforces the other. Surely, a more honest conceptualization of the conflicts of interest among the rich and powerful players who have benefited from the system, their biases and ideology is needed; the focus on the wealth creation should also highlight the resultant gross inequity. (2014)

Question number: 1 (1 of 3 Based on Passage) Show Passage

» Decision Making and Problem Solving » Decision Making

MCQ▾

Question

“The exercise of private greed will be in the larger public interest” from the passage

1. refers to the false ideology of capitalism.

2. underlies the righteous claims of the free market.

3. shows the benevolent face of capitalism.

4. ignores resultant gross inequity.

Which of the statements given above is/are correct?

Choices

Choice (4) Response
a.

2 and 3

b.

1 and 4

c.

1 only

d.

4 only

Question number: 2 (2 of 3 Based on Passage) Show Passage

» Decision Making and Problem Solving » Decision Making

MCQ▾

Question

The apologists of the “Free Market System”, according to the passage, believe in

Choices

Choice (4) Response
a.

ability of market to self-correct.

b.

market without control by government authorities.

c.

market without protection by the government.

d.

market for free goods and services.

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

» Decision Making and Problem Solving » Decision Making

MCQ▾

Question

With reference to “ideological bias” the passage implies that

Choices

Choice (4) Response
a.

free market is fair and competent.

b.

free market is not fair but competent.

c.

free market is neither fair nor biased.

d.

free market is fair but not competent.

Question number: 4

» Decision Making and Problem Solving » Decision Making

Appeared in Year: 2014

MCQ▾

Question

The number of deaths among the army personnel is 8 in 1000, but among the civilian population it is 20 per 1000. Which one of the following inferences can be drawn from this statement?

Choices

Choice (4) Response
a.

The groups cannot be compared due to their heterogeneity.

b.

The relationship is fortuitous.

c.

It is better to join the army.

d.

Quality of Life Index is very high within the armed forces.

Sign In