A. MBAs are in great demand.

B. Samrat and Akshita are in great demand.

C. Samrat is in great demand.

D. Akshita is in great demand.

E. Samrat and Akshita are MBA’s.

• ABE
• ECD
• AEB

• None of the above

‘Instead of being concerned with what actually happens in practice….(economics) is increasingly preoccupied with developing pseudo-mathematical formulas. These provide models of behavior which never quite fit what actually happens, in a way which resembles the physical sciences gone wrong: instead of equations describing reality, economics produces equations describing ideal conditions and theoretical clarity of a type which never occurs in practice’.

Which of the following best summarizes the argument of this paragraph?

• Economics ought to be more like the physical sciences

• Theoretical clarity is undesirable in economics

• The physical sciences are wrong to emphasise mathematic formulae.

• The mathematical equations used by economists do not accurately describe the real world

‘Instead of being concerned with what actually happens in practice….(economics) is increasingly preoccupied with developing pseudo-mathematical formulas. These provide models of behavior which never quite fit what actually happens, in a way which resembles the physical sciences gone wrong: instead of equations describing reality, economics produces equations describing ideal conditions and theoretical clarity of a type which never occurs in practice’.

Which of the following claims is not implied in the paragraph above?

• Economists should stop using mathematical models.

• Equations describing ideal conditions should not be mistaken for equations describing reality

• Theoretical clarity should not come at the expense of accuracy.

• Models of human behavior should be true to the complexity of human nature.

‘Instead of being concerned with what actually happens in practice….(economics) is increasingly preoccupied with developing pseudo-mathematical formulas. These provide models of behavior which never quite fit what actually happens, in a way which resembles the physical sciences gone wrong: instead of equations describing reality, economics produces equations describing ideal conditions and theoretical clarity of a type which never occurs in practice’.

Which of the following, if true, would most weaken the argument of the passage above?

• The physical sciences are themselves reducing their reliance on mathematical formulae

• The real world in fact closely approximates ideal theoretical conditions.

• We do not at present have the mathematical expertise to model the full complexity of the world economy.

• Academic economists need to be more sensitive to human nature

‘Religions, like camel caravans, seem to avoid mountain passes. Buddhism spread quickly south from Buddha’s birth-place in southern Nepal across the flat Gangetic plain to Sri Lanka. But it took a millennium to reach China…The religious belt stretched eventually to Mongolia and Japan, but in Afghanistan Buddhism filled only a narrow belt that left pagans among the valleys to the east and west in Kailash and Ghor’.
Which of the following best summarises the subject of this paragraph?

• The Afghan people were hostile to Buddhism

• Geography has considerable impact on the spread of religions

• Buddhism does not flourish in mountainous regions.

• Religion has a considerable impact on geography