A Paradise for MBA Aspirants
|Inform Others||UrMBA Group||Advertise Here|
(Solve this Hurdle by 13th March)
Q1. I have certain number of Mangoes which I distribute to my 6 friends. How many of the following statements cannot be true.
Q3. I have certain number of gems and 4 of my friends have none. To each of my 4 friends I give 25 % of gems. Each one
Q20.Insular, Q21. Legionary, Q22. Mountebank, Q23. Parturition Q24. Postprandial Q25. Recalcitrant.
READING COMPREHENSIVE (RC)
Read the article below and answer the question mentioned after the passage :
Source: The Hindu
" TWO IMPORTANT recent economic decisions of the UPA Government have many features in common. The more recent one has to do with modernisation of the Delhi and Mumbai airports. After considerable procedural delay and overcoming not a little political and trade union opposition the Government went ahead with the award of the contracts to two successful bidders.
Earlier, on January 24, it took a step forward in encouraging foreign direct investment in retail trade: it allowed overseas investors to invest up to 51 per cent in single-brand products retailing without having to seek prior approval. Global retailers dealing in single brands, big names such as Reebok, Adidas and Nokia, can set up shop on their own instead of having to franchise the distribution channels or through wholesalers. Big retail chains such as Wal-Mart dealing in a variety of goods cannot seek entry under the new liberalisation.
On the face of it, the start of modernisation of the Mumbai and Delhi airports appears to be by far the more significant of the two decisions. Part of that perception is due to the highly vociferous opposition and the strike by workers of the Airports Authority of India. The strike was called off after the Government merely reiterated its commitment to protect jobs. It is difficult to see what the trade unions achieved beyond sending a message that they still count.
The Government stood firm after deciding on the bidders. But the process of decision-making was convoluted, to say the least.
After repeatedly postponing deadlines for deciding on the bids, the Government could not come out unscathed. A legal challenge has been mounted by one of the unsuccessful bidders, Reliance (Anil Ambani group), which had made the highest financial bid. Its allegation is that the Government changed the rules, after the tender process was completed, to suit the eventual winner.
Legal challenges are perhaps inevitable in such processes where the stakes are high for the bidders as well as the Government. In India, awarding contracts to modernise or build airports is something new, although in similar infrastructure areas such as power or even ports, the Government has made a beginning in inducting private parties. For decision makers it has been particularly daunting to venture into unknown territory. More so when the decisions tread the domain of "privatisation,'' involve organised labour and large sums of money. The absence of progress in the once vibrant public sector divestment programme is proof that the climate has changed: it has not been possible even to dilute a small stake in profitable government owned companies. The inclusion of foreign partners /equity providers only aggravates the opposition.
Yet in the final analysis, the two principal airports are being modernised only by co-opting the private sector along with its foreign partners. The advantages seen in that course have clearly outweighed the arguments against. One has to wait and see whether the model adopted for Delhi and Mumbai will be followed when the modernisation processes for other airports including Kolkata and Chennai are taken up. For all their significance and news appeal, therefore, the decision to award contracts for modernising the Delhi and Mumbai airports need not be considered a precedent or trendsetter.
The role of foreign direct investment in retail has always been controversial. In allowing foreign investment in only single brand stores, the Government has again been tentative. Opposition here has been based on fears that the large foreign retail channels will wipe out the small "mom and pop" shops that currently account for 97 per cent of the retail trade in the country. Supporters argue that apart from the investment, FDI in retail will bring a new shopping experience to the growing middle class. Besides, foreign retail chains will invest in logistics here and increasingly source goods from India to feed their other international operations as well.
Despite endless debates, there is no unanimity as to whether FDI will lead to job losses in the Indian retail sector. That being the case, it is clear that the opposition to it is partly at least ideological. Paradoxically, those who oppose on political grounds are in the company of the large Indian retail chains which, more than the mom and pop stores, have valid reasons to be worried over the competition from foreign chains, if and when that happens.
The parallel with the airports modernisation is this: the public sector airport employees might have been the most vociferous in their opposition to the route chosen for modernising the airports. But they are on the same side as the companies losing the bids."
Q26 . Select the best option :
Q28 Select the true
statement/s from the following :
|A Paradise for MBA Aspirants|