Banking Exam PCI202531 Welcome to your Banking Exam PCI202531 Name Email DIRECTIONS (Qs. 1-4): Given here a multiple bar diagram of the scores of four players in two innings. Study the diagram and answer the questions. 1. The average run of two innings of the player who scoredhighest in average is : (a) 75 (b) 85 (c) 80 (d) 70 (e) None of these None 2. The average run in two innings of the player who has scoredminimum at the second innings is : (a) 50 (b) 60 (c) 40 (d) 30 (e) None of these None 3. The average score in second innings contributed by thefour players is : (a) 30 (b) 60 (c) 40 (d) 50 (e) None of these None 4. The total scores in the first innings contributed by the fourplayers is : (a) 220 (b) 200 (c) 210 (d) 190 (e) None of these None DIRECTIONS (Qs. 1-6) : In the following multiple bar diagram, the data regarding cost of production and sales revenue of the company XYZ in the given years have been given. Study the bar diagram carefully and answer the questions. 1. By what per cent is the amount received from the sales inthe year 2005 of the company, more than the expenditure onproduction in the year 2008? (a) 45% (b) 40% (c) 48% (d) 49% (e) 50% None 2. In how many years the cost of production is more than theaverage cost of production of the given years ? (a) 1 (b) 2 (c) 3 (d) 4 (e) None of these None 3. In how many years the sales revenue is less than the averagesales revenue of the given years? (a) 1 (b) 3 (c) 2 (d) 4 (e) None of these None 4. If the cost of production in 2004 and 2007 be increased by25% and 30% respectively, then by what per cent will thetotal cost in these both years be more than the sales revenueof the year 2008 ? (a) 62.7% (b) 65.7% (c) 67.7% (d) 68.5% (e) None of these None 5. In which year the company had maximum profit per cent ? (a) 2008 (b) 2007 (c) 2006 (d) 2005 (e) 2004 None 6. If the sales revenues in the years 2005, 2006 and 2007increase by 20%, 25% and 30% respectively and the costsof production in the years 2007, 2008 and 2009 increase by20%, 25% and 35% respectively, what will be the differencebetween average sales revenue and average cost ofproduction? (a) 185.59 thousands (b) 188.59 thousands (c) 174.59 thousands (d) 200.59 thousands (e) None of these None DIRECTIONS (Qs. 1-5): Read the following information carefully and answer the following questions. Eight boxes P, Q, R, S, T, U, V and W are place one above the other in any particular order. Box no. 1 is at the bottom and box no. 8 is at the top. Three boxes are placed between P and Q. Box W is placed immediately below P. There are two boxes between W and V. There are as many boxes between R and S as between W and Q. Box R is kept above S. Box T is kept immediately below box S. Three boxes are there between T and U.1. How many boxes are there above box S? (a) 4 (b) 3 (c) 6 (d) 2 (e) None of these None 2. Which of the following boxes in kept at the top? Eight boxes P, Q, R, S, T, U, V and W are place one above the other in any particular order. Box no. 1 is at the bottom and box no. 8 is at the top. Three boxes are placed between P and Q. Box W is placed immediately below P. There are two boxes between W and V. There are as many boxes between R and S as between W and Q. Box R is kept above S. Box T is kept immediately below box S. Three boxes are there between T and U. (a) Q (b) P (c) S (d) T (e) None of these None 3. Choose the odd one out? Eight boxes P, Q, R, S, T, U, V and W are place one above the other in any particular order. Box no. 1 is at the bottom and box no. 8 is at the top. Three boxes are placed between P and Q. Box W is placed immediately below P. There are two boxes between W and V. There are as many boxes between R and S as between W and Q. Box R is kept above S. Box T is kept immediately below box S. Three boxes are there between T and U. (a) Q (b) V (c) P (d) S (e) T None 4. Which of the following boxes is kept between U and P? Eight boxes P, Q, R, S, T, U, V and W are place one above the other in any particular order. Box no. 1 is at the bottom and box no. 8 is at the top. Three boxes are placed between P and Q. Box W is placed immediately below P. There are two boxes between W and V. There are as many boxes between R and S as between W and Q. Box R is kept above S. Box T is kept immediately below box S. Three boxes are there between T and U. (a) Q (b) V (c) R (d) W (e) None as box U is immediately above box P None 5. How many boxes are there between R and P Eight boxes P, Q, R, S, T, U, V and W are place one above the other in any particular order. Box no. 1 is at the bottom and box no. 8 is at the top. Three boxes are placed between P and Q. Box W is placed immediately below P. There are two boxes between W and V. There are as many boxes between R and S as between W and Q. Box R is kept above S. Box T is kept immediately below box S. Three boxes are there between T and U. (a) Less than 2 (b) 4 (c) 5 (d) 6 (e) None of these None DIRECTIONS (1-3) : Study the following set of questions carefully and answer the questions given below. Eight boxes D, E, F, G, H, I, J and K are kept one above another not necessarily in the same order. Three boxes are between D and E and neither of them is at the top or bottom position. Two boxes are between F and I and box F is above box I. Two boxes are between E and I. The number of boxes is between K and D is same as K and E. Box H is above box G and more than one box is between H and G. Box G is not at the bottom position.1. Which of the following box is at the top? (a) Box I (b) Box F (c) Box W (d) Box G (e) Box J None 2. How many boxes are between box I and box G? Eight boxes D, E, F, G, H, I, J and K are kept one above another not necessarily in the same order. Three boxes are between D and E and neither of them is at the top or bottom position. Two boxes are between F and I and box F is above box I. Two boxes are between E and I. The number of boxes is between K and D is same as K and E. Box H is above box G and more than one box is between H and G. Box G is not at the bottom position. (a) none (b) One (c) Two (d) Three (e) Four None 3. Which of the following box is not, below I? Eight boxes D, E, F, G, H, I, J and K are kept one above another not necessarily in the same order. Three boxes are between D and E and neither of them is at the top or bottom position. Two boxes are between F and I and box F is above box I. Two boxes are between E and I. The number of boxes is between K and D is same as K and E. Box H is above box G and more than one box is between H and G. Box G is not at the bottom position. (a) Box K (b) Box G (c) Box E (d) Box H (e) Box J None DIRECTIONS (Qs. 1-8): Read the following passage carefully and answer the questions given below it. A few weeks ago, a newspaper article quoted a well-known scientist saying, “IT has destroyed Indian science”. One call speculates about the various ways in which the growth of the IT sector and other similar knowledge industries such as biotechnology has led to a decline in basic scientific research in India. The most obvious reason is money; pay scales in IT and BT are much higher than one can aspire to in academia. The argument goes: why should a bright b) Tech or M.Sc. Student enroll in a Ph.D program when she can make a lot more money writing code? Not only does a fresh IT employee make a lot more than a fresh M. Tech. Student, his/her pay will rise much faster in IT than in academia. A professor’s pay at a government-run university, even after the Sixth Pay Commission, tops out at far less than a senior executive’s salary in a major industry. Second, the social Status of IT and BT Jobs equal or even exceed the social status of corresponding academic positions, since they are seen as knowledge industries, which play to the best and worst instincts of the societal Order. As quintessential white collar professions, neither do they compel a successful entrepreneur to resort to violence and corruption, nor do they demand any physical labor. Unlike real estate or road construction, it is felt that IT workers can become rich while staying honest and sweat-free. Assuming that the labor pool for academia and IT is roughly the same, the difference in our collective preferences biases the labor market towards IT and away from academia. Further, when the imbalance between IT and academia continues for years and even decades, a destructive loop, from academia’s point of view, is created. When our best and brightest take IT jobs over academic ones for a decade or more, faculty positions in our universities and research centres are no longer filled by the best candidates. As faculty quality goes down, so does the capacity to train top class graduate students who, after all, are teachers in training. In response to decreasing faculty quality, even those students who otherwise choose an academic profession, decide to join industry or go abroad for their studies. These foreign trained graduates prefer to come back to corporate India if at all they do come back and the downward cycle replicates itself in each generation. In other words, academia is trapped within a perfect Storm created by a combination of social and economic factors. In this socio-economic calculus, the members of our societal classes should prefer an IT job to an academic one. Or, to put it another way, the knowledge economy, i.e., the creation of knowledge for profit, trumps the knowledge society, i.e., the creation of knowledge for its own sake or the sake of the greater good. As is said, “knowledge is power, but money is even more power. Perhaps the scientist was alluding to this victory of capitalism over the pursuit of pure knowledge when he accused IT of having a negative influence on Indian science. Surely, knowledge has become a commodity like any other and as a result, knowledge workers are like any other labourers, who will sell their wares to the highest bidder. One Solution is to accept and even encourage the commoditization of knowledge; if so, Indian universities and research centres should copy their western counterparts by becoming more and more like corporations. These centres of learning should convert themselves into engines of growth. In this logic, if we increase academic salaries and research grants to match IT pay cheques we will attract good people into academia, where, in any case, it is rumoured that a certain elusive feeling called ‘the quality of life’ is better. 1. According to the passage what did the scientist actually mean when he said, “IT has destroyed Indian Science?” (a) Centres for scientific research are being used in the IT industry. (b) The IT industry does not hire people aiming for advanced research. (c) Information is readily available on the Internet because of IT, so there is no need to search for further information. (d) IT has distorted the truth claimed by Indian science. (e) The desire for money has overshadowed the search for knowledge None 2. Which of the following is possibly the most appropriate title for the passage? A few weeks ago, a newspaper article quoted a well-known scientist saying, “IT has destroyed Indian science”. One call speculates about the various ways in which the growth of the IT sector and other similar knowledge industries such as biotechnology has led to a decline in basic scientific research in India. The most obvious reason is money; pay scales in IT and BT are much higher than one can aspire to in academia. The argument goes: why should a bright b) Tech or M.Sc. Student enroll in a Ph.D program when she can make a lot more money writing code? Not only does a fresh IT employee make a lot more than a fresh M. Tech. Student, his/her pay will rise much faster in IT than in academia. A professor’s pay at a government-run university, even after the Sixth Pay Commission, tops out at far less than a senior executive’s salary in a major industry. Second, the social Status of IT and BT Jobs equal or even exceed the social status of corresponding academic positions, since they are seen as knowledge industries, which play to the best and worst instincts of the societal Order. As quintessential white collar professions, neither do they compel a successful entrepreneur to resort to violence and corruption, nor do they demand any physical labor. Unlike real estate or road construction, it is felt that IT workers can become rich while staying honest and sweat-free. Assuming that the labor pool for academia and IT is roughly the same, the difference in our collective preferences biases the labor market towards IT and away from academia. Further, when the imbalance between IT and academia continues for years and even decades, a destructive loop, from academia’s point of view, is created. When our best and brightest take IT jobs over academic ones for a decade or more, faculty positions in our universities and research centres are no longer filled by the best candidates. As faculty quality goes down, so does the capacity to train top class graduate students who, after all, are teachers in training. In response to decreasing faculty quality, even those students who otherwise choose an academic profession, decide to join industry or go abroad for their studies. These foreign trained graduates prefer to come back to corporate India if at all they do come back and the downward cycle replicates itself in each generation. In other words, academia is trapped within a perfect Storm created by a combination of social and economic factors. In this socio-economic calculus, the members of our societal classes should prefer an IT job to an academic one. Or, to put it another way, the knowledge economy, i.e., the creation of knowledge for profit, trumps the knowledge society, i.e., the creation of knowledge for its own sake or the sake of the greater good. As is said, “knowledge is power, but money is even more power. Perhaps the scientist was alluding to this victory of capitalism over the pursuit of pure knowledge when he accused IT of having a negative influence on Indian science. Surely, knowledge has become a commodity like any other and as a result, knowledge workers are like any other labourers, who will sell their wares to the highest bidder. One Solution is to accept and even encourage the commoditization of knowledge; if so, Indian universities and research centres should copy their western counterparts by becoming more and more like corporations. These centres of learning should convert themselves into engines of growth. In this logic, if we increase academic salaries and research grants to match IT pay cheques we will attract good people into academia, where, in any case, it is rumoured that a certain elusive feeling called ‘the quality of life’ is better. (a) Is the Future of IT Bright? (b) IT industry and global economy. (c) Research and Academics — Losing the Battle against IT (d) Scientific Research and the Need for Well — Trained Faculty (e) Information Technology and its Advantages None 3. Why does the author say that knowledge has become a commodity? A few weeks ago, a newspaper article quoted a well-known scientist saying, “IT has destroyed Indian science”. One call speculates about the various ways in which the growth of the IT sector and other similar knowledge industries such as biotechnology has led to a decline in basic scientific research in India. The most obvious reason is money; pay scales in IT and BT are much higher than one can aspire to in academia. The argument goes: why should a bright b) Tech or M.Sc. Student enroll in a Ph.D program when she can make a lot more money writing code? Not only does a fresh IT employee make a lot more than a fresh M. Tech. Student, his/her pay will rise much faster in IT than in academia. A professor’s pay at a government-run university, even after the Sixth Pay Commission, tops out at far less than a senior executive’s salary in a major industry. Second, the social Status of IT and BT Jobs equal or even exceed the social status of corresponding academic positions, since they are seen as knowledge industries, which play to the best and worst instincts of the societal Order. As quintessential white collar professions, neither do they compel a successful entrepreneur to resort to violence and corruption, nor do they demand any physical labor. Unlike real estate or road construction, it is felt that IT workers can become rich while staying honest and sweat-free. Assuming that the labor pool for academia and IT is roughly the same, the difference in our collective preferences biases the labor market towards IT and away from academia. Further, when the imbalance between IT and academia continues for years and even decades, a destructive loop, from academia’s point of view, is created. When our best and brightest take IT jobs over academic ones for a decade or more, faculty positions in our universities and research centres are no longer filled by the best candidates. As faculty quality goes down, so does the capacity to train top class graduate students who, after all, are teachers in training. In response to decreasing faculty quality, even those students who otherwise choose an academic profession, decide to join industry or go abroad for their studies. These foreign trained graduates prefer to come back to corporate India if at all they do come back and the downward cycle replicates itself in each generation. In other words, academia is trapped within a perfect Storm created by a combination of social and economic factors. In this socio-economic calculus, the members of our societal classes should prefer an IT job to an academic one. Or, to put it another way, the knowledge economy, i.e., the creation of knowledge for profit, trumps the knowledge society, i.e., the creation of knowledge for its own sake or the sake of the greater good. As is said, “knowledge is power, but money is even more power. Perhaps the scientist was alluding to this victory of capitalism over the pursuit of pure knowledge when he accused IT of having a negative influence on Indian science. Surely, knowledge has become a commodity like any other and as a result, knowledge workers are like any other labourers, who will sell their wares to the highest bidder. One Solution is to accept and even encourage the commoditization of knowledge; if so, Indian universities and research centres should copy their western counterparts by becoming more and more like corporations. These centres of learning should convert themselves into engines of growth. In this logic, if we increase academic salaries and research grants to match IT pay cheques we will attract good people into academia, where, in any case, it is rumoured that a certain elusive feeling called ‘the quality of life’ is better. (a) As it is no longer desirable in any professional field (b) As too many educational institutions in the country do not provide quality education (c) As Knowledge is more readily available now than in the past (d) As knowledgeable people sell their Services for the highest price possible (e) Like commodities, knowledge becomes obsolete after a certain period of time. None 4. What, according to the author, is a destructive loop? A few weeks ago, a newspaper article quoted a well-known scientist saying, “IT has destroyed Indian science”. One call speculates about the various ways in which the growth of the IT sector and other similar knowledge industries such as biotechnology has led to a decline in basic scientific research in India. The most obvious reason is money; pay scales in IT and BT are much higher than one can aspire to in academia. The argument goes: why should a bright b) Tech or M.Sc. Student enroll in a Ph.D program when she can make a lot more money writing code? Not only does a fresh IT employee make a lot more than a fresh M. Tech. Student, his/her pay will rise much faster in IT than in academia. A professor’s pay at a government-run university, even after the Sixth Pay Commission, tops out at far less than a senior executive’s salary in a major industry. Second, the social Status of IT and BT Jobs equal or even exceed the social status of corresponding academic positions, since they are seen as knowledge industries, which play to the best and worst instincts of the societal Order. As quintessential white collar professions, neither do they compel a successful entrepreneur to resort to violence and corruption, nor do they demand any physical labor. Unlike real estate or road construction, it is felt that IT workers can become rich while staying honest and sweat-free. Assuming that the labor pool for academia and IT is roughly the same, the difference in our collective preferences biases the labor market towards IT and away from academia. Further, when the imbalance between IT and academia continues for years and even decades, a destructive loop, from academia’s point of view, is created. When our best and brightest take IT jobs over academic ones for a decade or more, faculty positions in our universities and research centres are no longer filled by the best candidates. As faculty quality goes down, so does the capacity to train top class graduate students who, after all, are teachers in training. In response to decreasing faculty quality, even those students who otherwise choose an academic profession, decide to join industry or go abroad for their studies. These foreign trained graduates prefer to come back to corporate India if at all they do come back and the downward cycle replicates itself in each generation. In other words, academia is trapped within a perfect Storm created by a combination of social and economic factors. In this socio-economic calculus, the members of our societal classes should prefer an IT job to an academic one. Or, to put it another way, the knowledge economy, i.e., the creation of knowledge for profit, trumps the knowledge society, i.e., the creation of knowledge for its own sake or the sake of the greater good. As is said, “knowledge is power, but money is even more power. Perhaps the scientist was alluding to this victory of capitalism over the pursuit of pure knowledge when he accused IT of having a negative influence on Indian science. Surely, knowledge has become a commodity like any other and as a result, knowledge workers are like any other labourers, who will sell their wares to the highest bidder. One Solution is to accept and even encourage the commoditization of knowledge; if so, Indian universities and research centres should copy their western counterparts by becoming more and more like corporations. These centres of learning should convert themselves into engines of growth. In this logic, if we increase academic salaries and research grants to match IT pay cheques we will attract good people into academia, where, in any case, it is rumoured that a certain elusive feeling called ‘the quality of life’ is better. (a) Many people quit their existing jobs to work in the IT industry which in turn leads to the downfall of the other industries. (b) The fact that the best minds do not want to become teachers and this in turn leads to good students seeking knowledge elsewhere (c) The fact that people working in the IT industry do not pursue higher studies which in turn leads to the deterioration in quality of employees (d) The unending use of resources by the IT industry leading to a dearth of resources in the country (e) Less grants are being provided by the Government to academic institutes which in turn leads to poor quality students joining the same None 5. Which of the following mentioned below is/are the author’s suggestions to promote interest in Indian academia? A few weeks ago, a newspaper article quoted a well-known scientist saying, “IT has destroyed Indian science”. One call speculates about the various ways in which the growth of the IT sector and other similar knowledge industries such as biotechnology has led to a decline in basic scientific research in India. The most obvious reason is money; pay scales in IT and BT are much higher than one can aspire to in academia. The argument goes: why should a bright b) Tech or M.Sc. Student enroll in a Ph.D program when she can make a lot more money writing code? Not only does a fresh IT employee make a lot more than a fresh M. Tech. Student, his/her pay will rise much faster in IT than in academia. A professor’s pay at a government-run university, even after the Sixth Pay Commission, tops out at far less than a senior executive’s salary in a major industry. Second, the social Status of IT and BT Jobs equal or even exceed the social status of corresponding academic positions, since they are seen as knowledge industries, which play to the best and worst instincts of the societal Order. As quintessential white collar professions, neither do they compel a successful entrepreneur to resort to violence and corruption, nor do they demand any physical labor. Unlike real estate or road construction, it is felt that IT workers can become rich while staying honest and sweat-free. Assuming that the labor pool for academia and IT is roughly the same, the difference in our collective preferences biases the labor market towards IT and away from academia. Further, when the imbalance between IT and academia continues for years and even decades, a destructive loop, from academia’s point of view, is created. When our best and brightest take IT jobs over academic ones for a decade or more, faculty positions in our universities and research centres are no longer filled by the best candidates. As faculty quality goes down, so does the capacity to train top class graduate students who, after all, are teachers in training. In response to decreasing faculty quality, even those students who otherwise choose an academic profession, decide to join industry or go abroad for their studies. These foreign trained graduates prefer to come back to corporate India if at all they do come back and the downward cycle replicates itself in each generation. In other words, academia is trapped within a perfect Storm created by a combination of social and economic factors. In this socio-economic calculus, the members of our societal classes should prefer an IT job to an academic one. Or, to put it another way, the knowledge economy, i.e., the creation of knowledge for profit, trumps the knowledge society, i.e., the creation of knowledge for its own sake or the sake of the greater good. As is said, “knowledge is power, but money is even more power. Perhaps the scientist was alluding to this victory of capitalism over the pursuit of pure knowledge when he accused IT of having a negative influence on Indian science. Surely, knowledge has become a commodity like any other and as a result, knowledge workers are like any other labourers, who will sell their wares to the highest bidder. One Solution is to accept and even encourage the commoditization of knowledge; if so, Indian universities and research centres should copy their western counterparts by becoming more and more like corporations. These centres of learning should convert themselves into engines of growth. In this logic, if we increase academic salaries and research grants to match IT pay cheques we will attract good people into academia, where, in any case, it is rumoured that a certain elusive feeling called ‘the quality of life’ is better. (A) Research centres should adopt the corporate culture as is done in the West.(B) Lessening the number of research grants given.(C) Making academic salaries equivalent to those paid in IT Industries. (a) Only (C) (b) Only (A) (c) Only (B) and (C) (d) Only (A) and (C) (d) None of these None 6. Which of the following is NOT TRUE in the context of the passage? A few weeks ago, a newspaper article quoted a well-known scientist saying, “IT has destroyed Indian science”. One call speculates about the various ways in which the growth of the IT sector and other similar knowledge industries such as biotechnology has led to a decline in basic scientific research in India. The most obvious reason is money; pay scales in IT and BT are much higher than one can aspire to in academia. The argument goes: why should a bright b) Tech or M.Sc. Student enroll in a Ph.D program when she can make a lot more money writing code? Not only does a fresh IT employee make a lot more than a fresh M. Tech. Student, his/her pay will rise much faster in IT than in academia. A professor’s pay at a government-run university, even after the Sixth Pay Commission, tops out at far less than a senior executive’s salary in a major industry. Second, the social Status of IT and BT Jobs equal or even exceed the social status of corresponding academic positions, since they are seen as knowledge industries, which play to the best and worst instincts of the societal Order. As quintessential white collar professions, neither do they compel a successful entrepreneur to resort to violence and corruption, nor do they demand any physical labor. Unlike real estate or road construction, it is felt that IT workers can become rich while staying honest and sweat-free. Assuming that the labor pool for academia and IT is roughly the same, the difference in our collective preferences biases the labor market towards IT and away from academia. Further, when the imbalance between IT and academia continues for years and even decades, a destructive loop, from academia’s point of view, is created. When our best and brightest take IT jobs over academic ones for a decade or more, faculty positions in our universities and research centres are no longer filled by the best candidates. As faculty quality goes down, so does the capacity to train top class graduate students who, after all, are teachers in training. In response to decreasing faculty quality, even those students who otherwise choose an academic profession, decide to join industry or go abroad for their studies. These foreign trained graduates prefer to come back to corporate India if at all they do come back and the downward cycle replicates itself in each generation. In other words, academia is trapped within a perfect Storm created by a combination of social and economic factors. In this socio-economic calculus, the members of our societal classes should prefer an IT job to an academic one. Or, to put it another way, the knowledge economy, i.e., the creation of knowledge for profit, trumps the knowledge society, i.e., the creation of knowledge for its own sake or the sake of the greater good. As is said, “knowledge is power, but money is even more power. Perhaps the scientist was alluding to this victory of capitalism over the pursuit of pure knowledge when he accused IT of having a negative influence on Indian science. Surely, knowledge has become a commodity like any other and as a result, knowledge workers are like any other labourers, who will sell their wares to the highest bidder. One Solution is to accept and even encourage the commoditization of knowledge; if so, Indian universities and research centres should copy their western counterparts by becoming more and more like corporations. These centres of learning should convert themselves into engines of growth. In this logic, if we increase academic salaries and research grants to match IT pay cheques we will attract good people into academia, where, in any case, it is rumoured that a certain elusive feeling called ‘the quality of life’ is better. (A) It is believed that the quality of life is better when pursuing scientific research.(B) People currently seek knowledge only for the greater good of the society(C) Money is not perceived to be as powerful as knowledge. (a) Only (A) and (C) (b) Only (B) (c) Only (A) and (B) (d) Only (B) and (C) (e) All (A) (B) and (C) None 7. According to the authors, which of the following factors is responsible for the decline in interest in scientific research? A few weeks ago, a newspaper article quoted a well-known scientist saying, “IT has destroyed Indian science”. One call speculates about the various ways in which the growth of the IT sector and other similar knowledge industries such as biotechnology has led to a decline in basic scientific research in India. The most obvious reason is money; pay scales in IT and BT are much higher than one can aspire to in academia. The argument goes: why should a bright b) Tech or M.Sc. Student enroll in a Ph.D program when she can make a lot more money writing code? Not only does a fresh IT employee make a lot more than a fresh M. Tech. Student, his/her pay will rise much faster in IT than in academia. A professor’s pay at a government-run university, even after the Sixth Pay Commission, tops out at far less than a senior executive’s salary in a major industry. Second, the social Status of IT and BT Jobs equal or even exceed the social status of corresponding academic positions, since they are seen as knowledge industries, which play to the best and worst instincts of the societal Order. As quintessential white collar professions, neither do they compel a successful entrepreneur to resort to violence and corruption, nor do they demand any physical labor. Unlike real estate or road construction, it is felt that IT workers can become rich while staying honest and sweat-free. Assuming that the labor pool for academia and IT is roughly the same, the difference in our collective preferences biases the labor market towards IT and away from academia. Further, when the imbalance between IT and academia continues for years and even decades, a destructive loop, from academia’s point of view, is created. When our best and brightest take IT jobs over academic ones for a decade or more, faculty positions in our universities and research centres are no longer filled by the best candidates. As faculty quality goes down, so does the capacity to train top class graduate students who, after all, are teachers in training. In response to decreasing faculty quality, even those students who otherwise choose an academic profession, decide to join industry or go abroad for their studies. These foreign trained graduates prefer to come back to corporate India if at all they do come back and the downward cycle replicates itself in each generation. In other words, academia is trapped within a perfect Storm created by a combination of social and economic factors. In this socio-economic calculus, the members of our societal classes should prefer an IT job to an academic one. Or, to put it another way, the knowledge economy, i.e., the creation of knowledge for profit, trumps the knowledge society, i.e., the creation of knowledge for its own sake or the sake of the greater good. As is said, “knowledge is power, but money is even more power. Perhaps the scientist was alluding to this victory of capitalism over the pursuit of pure knowledge when he accused IT of having a negative influence on Indian science. Surely, knowledge has become a commodity like any other and as a result, knowledge workers are like any other labourers, who will sell their wares to the highest bidder. One Solution is to accept and even encourage the commoditization of knowledge; if so, Indian universities and research centres should copy their western counterparts by becoming more and more like corporations. These centres of learning should convert themselves into engines of growth. In this logic, if we increase academic salaries and research grants to match IT pay cheques we will attract good people into academia, where, in any case, it is rumoured that a certain elusive feeling called ‘the quality of life’ is better. (A) Slower progress of work in research(B) Lesser monetary compensation in research related activities(C) Societal perception towards research (a) Only (A) (b) Only (C) (c) Only (B) and (C) (d) Only (A) and (B) (e) All (a) (B) and (C) None 8. Which of the following statements best describes the perception of the IT job indicated in the statement? A few weeks ago, a newspaper article quoted a well-known scientist saying, “IT has destroyed Indian science”. One call speculates about the various ways in which the growth of the IT sector and other similar knowledge industries such as biotechnology has led to a decline in basic scientific research in India. The most obvious reason is money; pay scales in IT and BT are much higher than one can aspire to in academia. The argument goes: why should a bright b) Tech or M.Sc. Student enroll in a Ph.D program when she can make a lot more money writing code? Not only does a fresh IT employee make a lot more than a fresh M. Tech. Student, his/her pay will rise much faster in IT than in academia. A professor’s pay at a government-run university, even after the Sixth Pay Commission, tops out at far less than a senior executive’s salary in a major industry. Second, the social Status of IT and BT Jobs equal or even exceed the social status of corresponding academic positions, since they are seen as knowledge industries, which play to the best and worst instincts of the societal Order. As quintessential white collar professions, neither do they compel a successful entrepreneur to resort to violence and corruption, nor do they demand any physical labor. Unlike real estate or road construction, it is felt that IT workers can become rich while staying honest and sweat-free. Assuming that the labor pool for academia and IT is roughly the same, the difference in our collective preferences biases the labor market towards IT and away from academia. Further, when the imbalance between IT and academia continues for years and even decades, a destructive loop, from academia’s point of view, is created. When our best and brightest take IT jobs over academic ones for a decade or more, faculty positions in our universities and research centres are no longer filled by the best candidates. As faculty quality goes down, so does the capacity to train top class graduate students who, after all, are teachers in training. In response to decreasing faculty quality, even those students who otherwise choose an academic profession, decide to join industry or go abroad for their studies. These foreign trained graduates prefer to come back to corporate India if at all they do come back and the downward cycle replicates itself in each generation. In other words, academia is trapped within a perfect Storm created by a combination of social and economic factors. In this socio-economic calculus, the members of our societal classes should prefer an IT job to an academic one. Or, to put it another way, the knowledge economy, i.e., the creation of knowledge for profit, trumps the knowledge society, i.e., the creation of knowledge for its own sake or the sake of the greater good. As is said, “knowledge is power, but money is even more power. Perhaps the scientist was alluding to this victory of capitalism over the pursuit of pure knowledge when he accused IT of having a negative influence on Indian science. Surely, knowledge has become a commodity like any other and as a result, knowledge workers are like any other labourers, who will sell their wares to the highest bidder. One Solution is to accept and even encourage the commoditization of knowledge; if so, Indian universities and research centres should copy their western counterparts by becoming more and more like corporations. These centres of learning should convert themselves into engines of growth. In this logic, if we increase academic salaries and research grants to match IT pay cheques we will attract good people into academia, where, in any case, it is rumoured that a certain elusive feeling called ‘the quality of life’ is better. (A) They are physically tiring.(B) They are considered to be managerial level jobs.(C) They require usage of dishonest means. (a) Only (B) (b) Only (a) and (B) (c) Only(C) (d) Only (b) and (C) (e) All (a) (b) and (c) are true None DIRECTIONS (Qs. 1-4): Fill in the blanks with appropriate words to make the passage meaningful. President Biden’s $1.9 trillion covid-19 relief plan, added to the stimulus measure Congress passed in December with the incoming administration’s strong support, would represent the boldest act of macroeconomic _______________ (A) policyin U.S. history. Its ambition, its rejection of _______________ (B) orthodoxy and its commitment to reducing economic inequality are all admirable. It is imperative that safety-net measures for those suffering and investments in vaccination and testing be undertaken rapidly after the _______________(C) delays of the last months of the Trump administration. Yet bold measures need to be accompanied by careful consideration of risks and how they can be mitigated. While the arguments for providing relief to those hurt by the economic fallout of the pandemic, investing in controlling the virus and supporting consumer demand are compelling, much of the policy discussion has not fully _______________ (D) with the magnitude of what is being debated. 1. Which of the following words should fill in the blank (A) to make a contextually correct and meaningful sentence? (a) Defamation (b) Destruction (c) Stabilization (d) Foundation (e) Deception None 2. President Biden’s $1.9 trillion covid-19 relief plan, added to the stimulus measure Congress passed in December with the incoming administration’s strong support, would represent the boldest act of macroeconomic _______________ (A) policyin U.S. history. Its ambition, its rejection of _______________ (B) orthodoxy and its commitment to reducing economic inequality are all admirable. It is imperative that safety-net measures for those suffering and investments in vaccination and testing be undertaken rapidly after the _______________(C) delays of the last months of the Trump administration. Yet bold measures need to be accompanied by careful consideration of risks and how they can be mitigated. While the arguments for providing relief to those hurt by the economic fallout of the pandemic, investing in controlling the virus and supporting consumer demand are compelling, much of the policy discussion has not fully _______________ (D) with the magnitude of what is being debated. Which of the following words should fill in the blank (B) to make a contextually correct and meaningful sentence? (a) Adversity (b) Prosperity (c) Audacity (d) Absurdity (e) Austerity None 3. President Biden’s $1.9 trillion covid-19 relief plan, added to the stimulus measure Congress passed in December with the incoming administration’s strong support, would represent the boldest act of macroeconomic _______________ (A) policyin U.S. history. Its ambition, its rejection of _______________ (B) orthodoxy and its commitment to reducing economic inequality are all admirable. It is imperative that safety-net measures for those suffering and investments in vaccination and testing be undertaken rapidly after the _______________(C) delays of the last months of the Trump administration. Yet bold measures need to be accompanied by careful consideration of risks and how they can be mitigated. While the arguments for providing relief to those hurt by the economic fallout of the pandemic, investing in controlling the virus and supporting consumer demand are compelling, much of the policy discussion has not fully _______________ (D) with the magnitude of what is being debated. Which of the following words should fill in the blank (C) to make a contextually correct and meaningful sentence? (a) Inflexible (b) Indefensible (c) Credible (d) Negligible (e) Compatible None 4. President Biden’s $1.9 trillion covid-19 relief plan, added to the stimulus measure Congress passed in December with the incoming administration’s strong support, would represent the boldest act of macroeconomic _______________ (A) policyin U.S. history. Its ambition, its rejection of _______________ (B) orthodoxy and its commitment to reducing economic inequality are all admirable. It is imperative that safety-net measures for those suffering and investments in vaccination and testing be undertaken rapidly after the _______________(C) delays of the last months of the Trump administration. Yet bold measures need to be accompanied by careful consideration of risks and how they can be mitigated. While the arguments for providing relief to those hurt by the economic fallout of the pandemic, investing in controlling the virus and supporting consumer demand are compelling, much of the policy discussion has not fully _______________ (D) with the magnitude of what is being debated. Which of the following words should fill in the blank (D) to make a contextually correct and meaningful sentence? (a) Unskilled (b) Undisguised (c) Tangled (d) Reckoned (e) Unconfined None Rearrange the six sentences in the following questions to form a meaningful paragraph and then answer the corresponding questions. (a) All of a sudden, the mother duck saw a fox in the distance that was frightened and shouted, “Children, hurry to the lake, there’s a fox.” (b) The mother duck ran leading the fox away from the lake and as soon as the fox came very close, the mother duck quickly spread her wings and rose up in the air. (c) The ducklings hurried towards the lake and the mother duck began to walk back and forth dragging one wing on the ground. (d) A mother duck and her ducklings were on their way to the lake one day. (e) The fox stared in disbelief at the mother duck and her ducklings as he could not reach the ducklings because they were in the middle of the lake by now. (f) When the fox saw her, he became happy as he thought that the mother duck was hurt and couldn’t fly and that he could easily catch and eat her. Which of the following will be the THIRD sentence after rearrangement? (a) e (b) c (c) b (d) a (e) d None
