Reading Comprehension

Nobody remembers much about John Cabot mainly because

Directions: Read the following passage and answer the question that follows:

JOHN CABOT
Nobody remembers much about John Cabot, trader and mariner, lost at sea. He lived at the time of Columbus and was a citizen of the city-state of Venice in Italy. He traded in spices and was an expert mariner. Following Columbus, he wanted to find a north-western route to Asia, but he was one up on Columbus in his knowledge of geography. He assumed that it would take a shorter time to reach Asia by a western sea route if he selected higher northern latitudes. In 1496, he set sail from Ireland under English royal sanction, but was forced to return after reaching Iceland. In 1497, he set sail again with a better ship, the Matthew, and ultimately succeeded in reaching Newfoundland. In 1498, he again set sail for America with a fleet of five ships, out of which one returned to harbour under distress. There has been no further news of the remaining four ships and John Cabot was marked as lost at sea. Everybody forgot about him for about a century, until the British remembered that when John Cabot had reached Newfoundland in 1497, he had done so, under a royal grant. The grant had allowed him to claim unknown lands for the English Crown. So, John Cabot, lost at sea, became important again for the English to stake their claims for the New World. Everybody remembers him for the English claims to North America, but we remember him for his brave spirit of exploration.

Cabot was declared ‘lost at sea’ because

Directions: Read the following passage and answer the question that follows:

JOHN CABOT
Nobody remembers much about John Cabot, trader and mariner, lost at sea. He lived at the time of Columbus and was a citizen of the city-state of Venice in Italy. He traded in spices and was an expert mariner. Following Columbus, he wanted to find a north-western route to Asia, but he was one up on Columbus in his knowledge of geography. He assumed that it would take a shorter time to reach Asia by a western sea route if he selected higher northern latitudes. In 1496, he set sail from Ireland under English royal sanction, but was forced to return after reaching Iceland. In 1497, he set sail again with a better ship, the Matthew, and ultimately succeeded in reaching Newfoundland. In 1498, he again set sail for America with a fleet of five ships, out of which one returned to harbour under distress. There has been no further news of the remaining four ships and John Cabot was marked as lost at sea. Everybody forgot about him for about a century, until the British remembered that when John Cabot had reached Newfoundland in 1497, he had done so, under a royal grant. The grant had allowed him to claim unknown lands for the English Crown. So, John Cabot, lost at sea, became important again for the English to stake their claims for the New World. Everybody remembers him for the English claims to North America, but we remember him for his brave spirit of exploration.

From the information provided in the passage we can assume that John Cabot

Directions: Read the following passage and answer the question that follows:

JOHN CABOT
Nobody remembers much about John Cabot, trader and mariner, lost at sea. He lived at the time of Columbus and was a citizen of the city-state of Venice in Italy. He traded in spices and was an expert mariner. Following Columbus, he wanted to find a north-western route to Asia, but he was one up on Columbus in his knowledge of geography. He assumed that it would take a shorter time to reach Asia by a western sea route if he selected higher northern latitudes. In 1496, he set sail from Ireland under English royal sanction, but was forced to return after reaching Iceland. In 1497, he set sail again with a better ship, the Matthew, and ultimately succeeded in reaching Newfoundland. In 1498, he again set sail for America with a fleet of five ships, out of which one returned to harbour under distress. There has been no further news of the remaining four ships and John Cabot was marked as lost at sea. Everybody forgot about him for about a century, until the British remembered that when John Cabot had reached Newfoundland in 1497, he had done so, under a royal grant. The grant had allowed him to claim unknown lands for the English Crown. So, John Cabot, lost at sea, became important again for the English to stake their claims for the New World. Everybody remembers him for the English claims to North America, but we remember him for his brave spirit of exploration.

The passage can be said to be

Directions: Read the following passage and answer the question that follows:

The ground was full of seeds that cannot rise into seedlings: they rob one another of air, light and water, the strongest robber winning the day and extinguishing his competitors. Year after year, the wild animals with which man never interferes are, on the average, neither more nor less numerous than they were; and yet we know that the annual produce of every pair is from one to perhaps a million young; so that it is mathematically certain that, on the average, as many are killed by natural causes as are born every year, and only those escape which happen to be a little better fitted to resist destruction than those that die. The individuals of a species are like crew of a foundered ship, and none but good swimmers have a chance of reaching the land.

The final sentence expresses an opinion that is most similar to which of the following statements?

Directions: Read the following passage and answer the question that follows:

The ground was full of seeds that cannot rise into seedlings: they rob one another of air, light and water, the strongest robber winning the day and extinguishing his competitors. Year after year, the wild animals with which man never interferes are, on the average, neither more nor less numerous than they were; and yet we know that the annual produce of every pair is from one to perhaps a million young; so that it is mathematically certain that, on the average, as many are killed by natural causes as are born every year, and only those escape which happen to be a little better fitted to resist destruction than those that die. The individuals of a species are like crew of a foundered ship, and none but good swimmers have a chance of reaching the land.

The expression “winning the day” refers to the fight between

Directions: Read the following passage and answer the question that follows:

The ground was full of seeds that cannot rise into seedlings: they rob one another of air, light and water, the strongest robber winning the day and extinguishing his competitors. Year after year, the wild animals with which man never interferes are, on the average, neither more nor less numerous than they were; and yet we know that the annual produce of every pair is from one to perhaps a million young; so that it is mathematically certain that, on the average, as many are killed by natural causes as are born every year, and only those escape which happen to be a little better fitted to resist destruction than those that die. The individuals of a species are like crew of a foundered ship, and none but good swimmers have a chance of reaching the land.

Who were the competitors who got extinguished?

Directions: Read the following passage and answer the question that follows:

The ground was full of seeds that cannot rise into seedlings: they rob one another of air, light and water, the strongest robber winning the day and extinguishing his competitors. Year after year, the wild animals with which man never interferes are, on the average, neither more nor less numerous than they were; and yet we know that the annual produce of every pair is from one to perhaps a million young; so that it is mathematically certain that, on the average, as many are killed by natural causes as are born every year, and only those escape which happen to be a little better fitted to resist destruction than those that die. The individuals of a species are like crew of a foundered ship, and none but good swimmers have a chance of reaching the land.

Which of the following can be concluded from the passage?

Directions: Read the following passage and answer the question that follows:

The ground was full of seeds that cannot rise into seedlings: they rob one another of air, light and water, the strongest robber winning the day and extinguishing his competitors. Year after year, the wild animals with which man never interferes are, on the average, neither more nor less numerous than they were; and yet we know that the annual produce of every pair is from one to perhaps a million young; so that it is mathematically certain that, on the average, as many are killed by natural causes as are born every year, and only those escape which happen to be a little better fitted to resist destruction than those that die. The individuals of a species are like crew of a foundered ship, and none but good swimmers have a chance of reaching the land.

The “robber” in the first sentence most likely would mean

Directions: Read the following passage and answer the question that follows:

The ground was full of seeds that cannot rise into seedlings: they rob one another of air, light and water, the strongest robber winning the day and extinguishing his competitors. Year after year, the wild animals with which man never interferes are, on the average, neither more nor less numerous than they were; and yet we know that the annual produce of every pair is from one to perhaps a million young; so that it is mathematically certain that, on the average, as many are killed by natural causes as are born every year, and only those escape which happen to be a little better fitted to resist destruction than those that die. The individuals of a species are like crew of a foundered ship, and none but good swimmers have a chance of reaching the land.

Directions: Read the passage given below and answer question based on your understanding of the passage.

Given any segment of the demand curve, any change in price within that segment, will Leave the total expenditure of the consumer unchanged. if and only if the are elasticity is equal to unity. Further, any intermediate change in price will also leave the total expenditure of the consumer unchanged, if point elasticity is at each point at the demand curve is equal to unity.

If elasticity of a non-linear demand curse remains constant throughout, the slope of the curve will:

“True Law is right reason in agreement with nature; it is of Universal application, Unchanging and everlasting ... it is a sin to try to alter this law, nor is it allowable to attempt to repeal any part of it and it is impossible to abolish it entirely ...God is the author of this law, its promulgator and its enforcing Judge.” This passage highlights the importance of…

Match the case decided by International Court of Justice mentioned in List-I with the year of decision mentioned in List-II and with the help of codes given below, point out the correct answer.

Which of the following is an important reason for studying accounting?

Directions: Read the following passage and answer the given question.

Accounting is the process of identifying, measuring and communicating economic information to permit informed judgements and decisions by the users of the information, It primarily focusses on measurement, analysis, interpretation and use of information, As an information system, accounting links an information source, a channel of communication and set of receivers. Accounting system should be designed to classify financial information on a basis suitable for decision-making purposes and to process the tremendous quantities of data efficiently and accurately. Financial accounting is concerned with providing information to external users and it is oriented towards the preparation of final statements which summarises the results of operations for selected periods of time and show the financial position of business at particular date. Management accounting is concerned with providing information to managers to carry out their responsibilities and functions such as planning, execution, control and decision- making. The end product of the financial accounting process is a set of reports called financial statement, such as, profit and loss account, balance-sheet and statement of changes in financial position. Profit & loss account shows the results of operations for a period of time, balance-sheet shows financial position on certain date and statement of changes in financial position shows where the financial resources have come and where they have gone.

Statement of changes in financial position shows:

Directions: Read the following passage and answer the given question.

Accounting is the process of identifying, measuring and communicating economic information to permit informed judgements and decisions by the users of the information, It primarily focusses on measurement, analysis, interpretation and use of information, As an information system, accounting links an information source, a channel of communication and set of receivers. Accounting system should be designed to classify financial information on a basis suitable for decision-making purposes and to process the tremendous quantities of data efficiently and accurately. Financial accounting is concerned with providing information to external users and it is oriented towards the preparation of final statements which summarises the results of operations for selected periods of time and show the financial position of business at particular date. Management accounting is concerned with providing information to managers to carry out their responsibilities and functions such as planning, execution, control and decision- making. The end product of the financial accounting process is a set of reports called financial statement, such as, profit and loss account, balance-sheet and statement of changes in financial position. Profit & loss account shows the results of operations for a period of time, balance-sheet shows financial position on certain date and statement of changes in financial position shows where the financial resources have come and where they have gone.

Which of the following factor(s), is/are a yield reducing factor?

Directions: Read the following passage and answer the given question.

AGRICULTURAL INSURANCE SCHEME
More than half a dozen farm insurance schemes have been tried out in the past two and a half decades, hut no one has worked. Successive insurance models proved unsustainable because they were neither economically viable, nor suited to cover the varied risks that beset crop farming. The implementing insurance companies have invariably ended up paying compensation several times the premium collected. The existing National Agricultural Insurance Scheme (NAIS), which is now sought to be replaced with its fresh avatar, has had to cope with claims of over Rs. 5,730 crore, more than three times the premium income of Rs. 1,700 crore. The parallel farm “income insurance” scheme, aimed at covering risks ranging from a drop in yield to poor prices, tried out on a pilot basis in the last few crop seasons, has also not worked.
What needs to be realised is that agricultural insurance is an inherently complicated business because of the many risks involved in farming. The formidable functional and practical problems that ensue relate to the extent of area that should constitute the unit for assessing damage, and the bench-mark for assessing the loss incurred, on the basis of the income that might have accrued to the farmer in the absence of yield-reducing factors like adverse weather, pest, disease, or natural disasters.