Symbiosis International Education Centre 2007 M.B.A SNAP TEST - Question Paper

78. (3) Heretic: unconventional
79. (4) All the other options are said in the 2nd snippet.
80. (3) The writer says that orthodox economists have been forced to “fight back”.
81. (3) Second snippet.
82. (4) Both Mills and Fisher are mentioned in the passage.
83. (3) Magical thinking is attributing to one's own actions something that had nothing to do with them.
84. (4) All the options would make Dr Spock's head spin.
85. (2) Explained in the last snippet.
86. (1) Irrationality has been explained in the passage in the situation of economic decision making.
87. (4) The title of the passage should match the content of the passage.
88. (1) Directly implied in the phrase.
89. (4) Argot – jargon.
90. (1) Third paragraph, 1st line.

91-95:
Note down the corresponding values of Profit, Revenue & Expenditure on the bar graph itself, keeping in mind, Profit = Revenue - Expenditure. The values learn from the graph should satisfy this condition for every year. Here corresponding values are provided in the form of a table to make the solution easier to understand:

YEAR 1989 1990 1991 1992 1993 1994 1995
Profit 20 25 30 40 50 60 72
Reven. 122 130 145 170 185 200 222
Expend. 102 105 115 130 135 140 150

91. (4) Percentage Increase = [Final value - Initial value] 100/Initial value. Using this formula & conversion of fractions into percentage, compute the percentage increase for the different years. Maximum percentage increase is for the year 1992 = (40 - 30)/30 = 1/3 = 33.33%.
92. (2) Average Revenue = (Total Revenue)/(Number of years)
= (122 + 130 + 145 + 170 + 185 + 200 + 222)/7
= 1174/7
= 167.7 = 168(approx.)
93. (4) From the table, it can be seen that growth in expenditure as compared to the previous year was maximum in 1992.
94. (1) Total Revenue = 1174
Total Expenditure = 700 + (2 + five + 15 + 30 + 35 + 40 + 50) = 887
%formed by the revenue = 887/1174 ? 900/1200 = ¾ = 75%
[Actual values will provide 75.55% & again (1) will be the accurate ans but you can save time using approximations]
95. (2) % profit in 95 = (72 - 60) /60 = 1/5 = 20%
As per the provided condition % profit in 96 = 20%
Then total profit will be (6 ? 72)/5 ? 86 lakhs.

96-100:

96. (1) For Lipton production = 1.64 (“000 tonnes)

Earning:   Approval pending.