1) It has been mentioned that except U.

S all other western countries allow buyback via

both the ways public offer and market purchase. Market purchase reduces the cost
and directly provides benefit to the shareholders with this, so option (3) is the
correct answer. Option (1) is incorrect because it is not about Indian companies it is
U.S. Option (2) is again incorrect as U.S. does not favour buyback through public
offer though in the option it mentions market purchase. Last option (4) is irrelevant.
Hence (3).

2) The above passage provides the statistical data of IOC related to its market share. By
the interpretation of the data provided one can conclude that at present IOC enjoys
55% of the market share. With rising competition in the free market it requires to
increase its scale of operations by 2002. The word “sustain” evidently indicates
tough competition in the form of private and foreign oil majors, hence option (3) is
correct. Option (1) is incorrect since from the paragraph one can depict that
increasing the scale of operations is more important than having the capacity to
utilise resources. Option (2) is incorrect because the discussion is related to IOC not
the oil industry as a whole. Hence (3).

3) The above paragraph deals with the problems faced by the auto ancillary industry. It
explains that despite the growth in industry, the players in the market still need to
reorganise. From the passage one can deduce that the growth rate of the auto
industry has started to decline if not subsided therefore option (2) is appropriate.
Option (1) is incorrect as the figures are not significant but the problem of subsiding
growth is. Option is (3) irrelevant. Hence (2).

4) Dynamism means the quality of being dynamic and positive in attitude. The above passage
describes this meaning. It says that Raymond William argued about continuous cultural
progress. Hence option (b) is correct. Option (a) is incorrect as the above passage talks about
positive change or progress whereas static means steady or unchanged. Option (c) is again
incorrect as the above passage can be inferred. It is clear that Option (b) is the correct
answer hence option (d) is incorrect. Hence (b).
5) The above passage talks about Mary’s mother’s illness, from which she did not want
to recover. Option (a) is incorrect as the 1st sentence itself says that it was ‘her first
and last illness’. Option (b) is also incorrect as again the passage says that ‘with all
the care she’ i.e. Mary ’gave’. Option (c) is also not correct as the last sentence says
that ‘it was not the widow’s will to recover. Here the widow is Mary’s mother. But as
the above passage has no indication of Mary’s mother’s weak will power, Option (d)
is the correct answer..Hence (d).