[Mission 2023] Insta–DART (Daily Aptitude and Reasoning Test) 13 & 14 July 2023

A bag contains five white and four red balls. Two balls are picked at random from the bag. What is the probability that they both are different color?

A number 21332145x is divisible by 8. What can be the minimum value of x?

Two trains of equal length, running with the speeds of 60 and 40 kmph, take 50 seconds to cross each other while they are running in the same direction. What time will they take to cross each other if they are running in opposite directions?

The respective ratio of the ages of Ramya and her mother is 1 : 2, after 6 years, the ratio of their ages will be 11 : 20.  What was the respective ratio of their ages before 9 years?

A and B can do a piece of work in 7 days. With the help of C they finish the work in 5 days. C alone can do that piece of work in?

Passage 1

The need for Competition Law becomes more evident when foreign direct investment (FDI) is liberalized. The impact of FDI is not always pro-competitive. Very often FDI takes the form of a foreign corporation acquiring a domestic enterprise or establishing a joint venture with one. By making such an acquisition the foreign investor may substantially lessen competition and gain a dominant position in the relevant market, thus charging higher prices. Another scenario is where the affiliates of two separate multinational companies (MNCs) have been established in competition with one another in a particular developing economy, following the liberalization of FDI. Subsequently, the parent companies overseas merge. With the affiliate’s no longer remaining independent, competition in the host country may be virtually eliminated and the prices of the products may be artificially inflated. Most of these adverse consequences of mergers and acquisitions by MNCs can be avoided if an effective competition law is in place. Also, an economy that has implemented an effective competition law is in a better position to attract FDI than one that has not. This is not just because most MNCs are expected to be accustomed to the operation of such a law in their home countries and know how to deal with such concerns but also that MNCs expect competition authorities to ensure a level playing field between domestic and foreign firms.

26)With reference to the passage, consider the following statements:

1. It is desirable that the impact of Foreign Direct Investment should be pro-competitive.
2. The entry of foreign investors invariably leads to the inflated prices in domestic markets.

Which of the statements given above is/are correct?

According to the passage, how does a foreign investor dominate the relevant domestic market?

1. Multinational companies get accustomed to domestic laws.
2. Foreign companies establish joint ventures with domestic companies.
3. Affiliates in a particular market/sector lose their independence as their parent companies overseas merge.
4. Foreign companies lower the cost of their products as compared to that of products of domestic companies.

Which of the statements given above are correct?

What inference may be drawn from this passage?

Modern economic theory does not differentiate between renewable and non-renewable materials, as its approach is to measure everything by means of a money price. Thus, taking various alternative fuels like coal, oil, wood and water-power; the only difference between them recognized by modern economics is relative cost per equivalent unit. The cheapest is automatically the one to be preferred, as to do otherwise would be irrational and uneconomic. From a Buddhist point of view, of course, this will not do since the essential difference between non-renewable fuels like coal and oil on the one hand and renewable sources like wind power and water-power on the other cannot be simply overlooked.

Non-renewable goods must be used only if their use is indispensable, and then only with the greatest care and highest concern for conservation. To use them carelessly or extravagantly is an act of violence, and while complete non-violence may not be possible on this earth, it is nonetheless a duty of man to aim at the ideal of non-violence in all he does.

Which of the following statements is/are correct on the basis of information in the above passage?

1. Buddhist economists prohibit the use of nonrenewable source.
2. The attitude of modern economists towards natural resources is uneconomic.
3. Complete non-violence is not possible.

Select the correct answer using the code given below:

The Buddhist viewpoint implies: