1) Although most western countries excluding the U.S.

allow buyback only through a

public offer - which is perceived to be a transparent operation - corporate India would
rather have market purchases as well. Buyback through this route will keep the total
cost low and reduce equity capital, benefiting shareholders directly.

It can be inferred from the above passage that

a) Indian companies do not favour buyback via a public offer.

b) U.S. companies do not favour buybacks through market purchases.
c) Buybacks via market purchases are more effective in reducing total cost.
d) None of the above.

2) With an output of 27 million tpa from 6 of the countries 14 refineries, IOC owns and
operates 40% of the country's refining capacity of 67.50 million tpa which translates
into a market share of 55 per cent. If it has to sustain its market share, IOC will have to
build an additional 18.60 million tpa of refining capacity with stand alone refineries, by
2002.

One can infer from the above that

a) IOC has chalked out a path for greater capacity utilisation.

b) Domestic refining capacity will stand at 114 million tpa by 2002
c) By 2002 IOC will have to compete against private and foreign oil majors in a free
market.
d) All of the above.

3) The auto ancillary industry is confronted with perhaps the most serious crisis ever yet.
Behind the façade of stupendous growth, the players are experiencing the tremors of
reorganisation. Shakeouts and a host of mergers and amalgamations are inevitable. Of
the 6000 odd firms right now, not more than 10% will survive in the long run; and that
too with squeezed profitability.

It can be inferred from the above that.

a) Only 600 firms will profit in the long run.

b) The euphoria surrounding the industry has waned, if not subsided.
c) The firms have to focus on a sizeable domestic market.
d) All of the above.

4) Hence Raymond Williams’ argument that culture has always to be produced social
orders and cultural orders must be seen as being actively made, actively and
continuously, or they may quickly break down.
 Culture it implies is in a state of

a) Static b) Dynamism

c) Cannot be inferred d) None of these

5) For six long months, Mary nursed her mother in her first and last illness, but with all
the care she and the doctor gave her it was not the widow’s will to recover.

From the above passage it cannot be inferred :

a) Mary’s mother had never suffered from any major illnesses before her last days.
b) Mary’s mother had a weak will power.
c) Mary looked after her mother dutifully during the illness.
d) Mary’s mother did not want to live.