Daily Share Price Variability (SPV) is defined as (Day's high price - Day's low price) /… · CAT (IIM Common Admission Test)

Daily Share Price Variability (SPV) is defined as (Day's high price - Day's low price) /… · CAT (IIM Common Admission Test) — Gajan

RC — Specific Detail & Stated Fact

Verbal Ability and Reading Comprehension · PYQ 2022

Passage

Stories concerning the Undead have always been with us. From out of the primal darkness of Mankind’s earliest years, come whispers of eerie creatures, not quite alive (or alive in a way which we can understand), yet not quite dead either. These may have been ancient and primitive deities who dwelt deep in the surrounding forests and in remote places, or simply those deceased who refused to remain in their tombs and who wandered about the countryside, physically tormenting and frightening those who were still alive. Mostly they were ill-defined—strange sounds in the night beyond the comforting glow of the fire, or a shape, half-glimpsed in the twilight along the edge of an encampment. They were vague and indistinct, but they were always there with the power to terrify and disturb. They had the power to touch the minds of our early ancestors and to fill them with dread. Such fear formed the basis of the earliest tales although the source and exact nature of such terrors still remained very vague.

And as Mankind became more sophisticated, leaving the gloom of their caves and forming themselves into recognizable communities—towns, cities, whole cultures—so the Undead travelled with them, inhabiting their folklore just as they had in former times. Now they began to take on more definite shapes. They became walking cadavers; the physical embodiment of former deities and things which had existed alongside Man since the Creation. Some still remained vague and ill-defined but, as Mankind strove to explain the horror which it felt towards them, such creatures emerged more readily into the light.

In order to confirm their abnormal status, many of the Undead were often accorded attributes, which defied the natural order of things—the power to transform themselves into other shapes, the ability to sustain themselves by drinking human blood, and the ability to influence human minds across a distance. Such powers—described as supernatural—only [lent] an added dimension to the terror that humans felt regarding them.

And it was only natural, too, that the Undead should become connected with the practice of magic. From very early times, Shamans and witchdoctors had claimed at least some power and control over the spirits of departed ancestors, and this has continued down into more “civilized” times. Formerly, the invisible spirits and forces that thronged around men’s earliest encampments, had spoken “through” the tribal Shamans but now, as entities in their own right, they were subject to magical control and could be physically summoned by a competent sorcerer. However, the relationship between the magician and an Undead creature was often a very tenuous and uncertain one. Some sorcerers might have even become Undead entities once they died, but they might also have been susceptible to the powers of other magicians when they did.

From the Middle Ages and into the Age of Enlightenment, theories of the Undead continued to grow and develop. Their names became more familiar—werewolf, vampire, ghoul—each one certain to strike fear into the hearts of ordinary humans.

“In order to confirm their abnormal status, many of the Undead were often accorded attributes, which defied the natural order of things . . .” Which one of the following best expresses the claim made in this statement?

Time & Work, Pipes & Cisterns

Quantitative Ability · PYQ 2021

Anu, Vinu and Manu can complete a work alone in 15 days, 12 days and 20 days, respectively. Vinu works every day. Anu works on alternate days starting from the first day, while Manu works on alternate days starting from the second day. Then, the number of days needed to complete the work is

DI — Tables & Missing-Value Grids

Data Interpretation and Logical Reasoning · PYQ 2017

Data

A study to look at the early learning of rural kids was carried out in a number of villages spanning three states, chosen from the North East (NE), the West (W) and the South (S). 50 four-year old kids each were sampled from each of the 150 villages from NE, 250 villages from W and 200 villages from S. It was found that of the 30000 surveyed kids 55% studied in primary schools run by government (G), 37% in private schools (P) while the remaining 8% did not go to school (O).

The kids surveyed were further divided into two groups based on whether their mothers dropped out of school before completing primary education or not. The table below gives the number of kids in different types of schools for mothers who dropped out of school before completing primary education:

Region	G	P	O	Total
NE	4200	500	300	5000
W	4200	1900	1200	7300
S	5100	300	300	5700
Total	13500	2700	1800	18000

It is also known that:

1.In S, 60% of the surveyed kids were in G. Moreover, in S, all surveyed kids whose mothers had completed primary education were in school.

2.In NE, among the O kids, 50% had mothers who had dropped out before completing primary education.

3.The number of kids in G in NE was the same as the number of kids in G in W.

Additional information for Questions 41 and 42:

In a follow up survey of the same kids two years later, it was found that all the kids were now in school. Of the kids who were not in school earlier, in one region, 25% were in G now, whereas the rest were enrolled in P; in the second region, all such kids were in G now; while in the third region, 50% of such kids had now joined G while the rest had joined P. As a result, in all three regions put together, 50% of the kids who were earlier out of school had joined G. It was also seen that no surveyed kid had changed schools.

What percentage of kids from S were studying in P?

RC — Passage Structure & Paragraph Function

Verbal Ability and Reading Comprehension · PYQ 2025

Passage

Often the well intentioned music lover or the traditionally-minded professional composer asks two basic questions when faced with the electronic music phenomena: (1) . . . is this type of artistic creation music at all? and, (2) given that the product is accepted as music of a new type or order, is not such music "inhuman"? . . . As Lejaren Hiller points out in his book Experimental Music (co-author Leonard M. Isaacson), two questions which often arise when music is discussed are: (a) the substance of musical communication and its symbolic and semantic significance, if any, and (b) the particular processes, both mental and technical, which are involved in creating and responding to musical composition. The ever-present popular concept of music as a direct, open, emotional expression and as a subjective form of communication from the composer, is, of course still that of the nineteenth century, when composers themselves spoke of music in those terms . . . But since the third decade of our century many composers have preferred more objective definitions of music, epitomized in Stravinsky's description of it as "a form of speculation in terms of sound and time". An acceptance of this more characteristic twentieth-century view of the art of musical composition will of course immediately bring the layman closer to an understanding of, and sympathetic response to, electronic music, even if the forms, sounds and approaches it uses will still be of a foreign nature to him.

A communication problem however will still remain. The principal barrier that electronic music presents at large, in relation to the communication process, is that composers in this medium are employing a new language of forms . . . where terms like 'densities', 'indefinite pitch relations', 'dynamic serialization', 'permutation', etc., are substitutes (or remote equivalents) for the traditional concepts of harmony, melody, rhythm, etc. . . . When the new structural procedures of electronic music are at last fully understood by the listener the barriers between him and the work he faces will be removed. . . .

The medium of electronic music has of course tempted many kinds of composers to try their hand at it . . . But the serious-minded composer approaches the world of electronic music with a more sophisticated and profound concept of creation. Although he knows that he can reproduce and employ melodic, rhythmic patterns and timbres of a traditional nature, he feels that it is in the exploration of sui generis languages and forms that the aesthetic magic of the new medium lies. And, conscientiously, he plunges into this search.

The second objection usually levelled against electronic music is much more innocent in nature. When people speak—sometimes very vehemently—of the 'inhuman' quality of this music they seem to forget that the composer is the one who fires the machines, collects the sounds, manipulates them, pushes the buttons, programs the computer, filters the sounds, establishes pitches and scales, splices tape, thinks of forms, and rounds up the over-all structure of the piece, as well as every detail of it.

What relation does the "communication problem" mentioned in paragraph 2 have to the questions that the author recounts at the beginning of the passage?

Simple & Compound Interest, Growth

Quantitative Ability · PYQ 2025

At a certain simple rate of interest, a given sum amounts to Rs 13920 in 3 years, and to Rs 18960 in 6 years and 6 months. If the same given sum had been invested for 2 years at the same rate as before but with interest compounded every 6 months, then the total interest earned, in rupees, would have been nearest to

RC — Author's Tone, Attitude & Position

Verbal Ability and Reading Comprehension · PYQ 2023

Passage

Over the past four centuries liberalism has been so successful that it has driven all its opponents off the battlefield. Now it is disintegrating, destroyed by a mix of hubris and internal contradictions, according to Patrick Deneen, a professor of politics at the University of Notre Dame. . . . Equality of opportunity has produced a new meritocratic aristocracy that has all the aloofness of the old aristocracy with none of its sense of noblesse oblige. Democracy has degenerated into a theatre of the absurd. And technological advances are reducing ever more areas of work into meaningless drudgery. “The gap between liberalism’s claims about itself and the lived reality of the citizenry” is now so wide that “the lie can no longer be accepted,” Mr Deneen writes. What better proof of this than the vision of 1,000 private planes whisking their occupants to Davos to discuss the question of “creating a shared future in a fragmented world”? . . .

Deneen does an impressive job of capturing the current mood of disillusionment, echoing left-wing complaints about rampant commercialism, right-wing complaints about narcissistic and bullying students, and general worries about atomisation and selfishness. But when he concludes that all this adds up to a failure of liberalism, is his argument convincing? . . . He argues that the essence of liberalism lies in freeing individuals from constraints. In fact, liberalism contains a wide range of intellectual traditions which provide different answers to the question of how to trade off the relative claims of rights and responsibilities, individual expression and social ties. . . . liberals experimented with a range of ideas from devolving power from the centre to creating national education systems.

Mr Deneen’s fixation on the essence of liberalism leads to the second big problem of his book: his failure to recognise liberalism’s ability to reform itself and address its internal problems. The late 19th century saw America suffering from many of the problems that are reappearing today, including the creation of a business aristocracy, the rise of vast companies, the corruption of politics and the sense that society was dividing into winners and losers. But a wide variety of reformers, working within the liberal tradition, tackled these problems head on. Theodore Roosevelt took on the trusts. Progressives cleaned up government corruption. University reformers modernised academic syllabuses and built ladders of opportunity. Rather than dying, liberalism reformed itself.

Mr Deneen is right to point out that the record of liberalism in recent years has been dismal. He is also right to assert that the world has much to learn from the premodern notions of liberty as self-mastery and self-denial. The biggest enemy of liberalism is not so much atomisation but old-fashioned greed, as members of the Davos elite pile their plates ever higher with perks and share options. But he is wrong to argue that the only way for people to liberate themselves from the contradictions of liberalism is “liberation from liberalism itself”. The best way to read “Why Liberalism Failed” is not as a funeral oration but as a call to action: up your game, or else.

The author of the passage faults Deneen’s conclusions for all of the following reasons, EXCEPT:

Permutations, Combinations & Probability

Quantitative Ability · PYQ 2021

The number of groups of three or more distinct numbers that can be chosen from 1, 2, 3, 4, 5, 6, 7 and 8 so that the groups include 3 and 5, while 7 and 8 are not included together, is

LR — Distribution & Matching Puzzles

Data Interpretation and Logical Reasoning · PYQ 2017

Case

A tea taster was assigned to rate teas from six different locations - Munnar, Wayanad, Ooty, Darjeeling, Assam and Himachal. These teas were placed in six cups, numbered 1 to 6, not necessarily in the same order. The tea taster was asked to rate these teas on the strength of their flavour on a scale of 1 to 10. He gave a unique integer rating to each tea. Some other information is given below:

1.Cup 6 contained tea from Himachal.

2.Tea from Ooty got the highest rating, but it was not in Cup 3.

3.The rating of tea in Cup 3 was double the rating of the tea in Cup 5.

4.Only two cups got ratings in even numbers.

5.Cup 2 got the minimum rating and this rating was an even number.

6.Tea in Cup 3 got a higher rating than that in Cup 1.

7.The rating of tea from Wayanad was more than the rating of tea from Munnar, but less than that from Assam.

If cups containing teas from Wayanad and Ooty had consecutive numbers, which of the following statements may be true?

Lines, Angles & Triangles

Quantitative Ability · PYQ 2024

ABCD is a rectangle with sides AB = 56 cm and BC = 45 cm, and E is the midpoint of side CD. Then, the length, in cm, of radius of incircle of \triangle ADE is

Logic-based DI & Mathematical Reasoning

Data Interpretation and Logical Reasoning · PYQ 2023

Case

There are nine boxes arranged in a 3×3 array as shown in Tables 1 and 2. Each box contains three sacks. Each sack has a certain number of coins, between 1 and 9, both inclusive.

The average number of coins per sack in the boxes are all distinct integers. The total number of coins in each row is the same. The total number of coins in each column is also the same.

Table 1 (median of the numbers of coins in the three sacks of a box; blank = not given):

	1st column	2nd column	3rd column
1st row		9	6
2nd row	2
3rd row	8

Table 2 (number of sacks in the box having more than 5 coins, with * / ** markers):

	1st column	2nd column	3rd column
1st row	1**	2*	2*
2nd row	1**	0*	3*
3rd row	3*	2**	0**

Table 1 gives information regarding the median of the numbers of coins in the three sacks in a box for some of the boxes. In Table 2 each box has a number which represents the number of sacks in that box having more than 5 coins. That number is followed by a * if the sacks in that box satisfy exactly one among the following three conditions, and it is followed by ** if two or more of these conditions are satisfied.

i) The minimum among the numbers of coins in the three sacks in the box is 1.

ii) The median of the numbers of coins in the three sacks in the box is 1.

iii) The maximum among the numbers of coins in the three sacks in the box is 9.

How many sacks have exactly one coin?

Time & Work, Pipes & Cisterns

Quantitative Ability · PYQ 2022

Bob can finish a job in 40 days, if he works alone. Alex is twice as fast as Bob and thrice as fast as Cole in the same job. Suppose Alex and Bob work together on the first day, Bob and Cole work together on the second day, Cole and Alex work together on the third day, and then, they continue the work by repeating this three-day roster, with Alex and Bob working together on the fourth day, and so on. Then, the total number of days Alex would have worked when the job gets finished, is

RC — Specific Detail & Stated Fact

Verbal Ability and Reading Comprehension · PYQ 2017

Passage

During the frigid season...it’s often necessary to nestle under a blanket to try to stay warm. The temperature difference between the blanket and the air outside is so palpable that we often have trouble leaving our warm refuge. Many plants and animals similarly hunker down, relying on snow cover for safety from winter’s harsh conditions. The small area between the snowpack and the ground, called the subnivium...might be the most important ecosystem that you have never heard of.

The subnivium is so well-insulated and stable that its temperature holds steady at around 32 degree Fahrenheit (0 degree Celsius). Although that might still sound cold, a constant temperature of 32 degree Fahrenheit can often be 30 to 40 degrees warmer than the air temperature during the peak of winter. Because of this large temperature difference, a wide variety of species...depend on the subnivium for winter protection.

For many organisms living in temperate and Arctic regions, the difference between being under the snow or outside it is a matter of life and death. Consequently, disruptions to the subnivium brought about by climate change will affect everything from population dynamics to nutrient cycling through the ecosystem.

The formation and stability of the subnivium requires more than a few flurries. Winter ecologists have suggested that eight inches of snow is necessary to develop a stable layer of insulation. Depth is not the only factor, however. More accurately, the stability of the subnivium depends on the interaction between snow depth and snow density. Imagine being under a stack of blankets that are all flattened and pressed together. When compressed, the blankets essentially form one compacted layer. In contrast, when they are lightly placed on top of one another, their insulative capacity increases because the air pockets between them trap heat. Greater depths of low-density snow are therefore better at insulating the ground.

Both depth and density of snow are sensitive to temperature. Scientists are now beginning to explore how climate change will affect the subnivium, as well as the species that depend on it. At first glance, warmer winters seem beneficial for species that have difficulty surviving subzero temperatures; however, as with most ecological phenomena, the consequences are not so straightforward. Research has shown that the snow season (the period when snow is more likely than rain) has become shorter since 1970. When rain falls on snow, it increases the density of the snow and reduces its insulative capacity. Therefore, even though winters are expected to become warmer overall from future climate change, the subnivium will tend to become colder and more variable with less protection from the above-ground temperatures.

The effects of a colder subnivium are complex...For example, shrubs such as crowberry and alpine azalea that grow along the forest floor tend to block the wind and so retain higher depths of snow around them. This captured snow helps to keep soils insulated and in turn increases plant decomposition and nutrient release. In field experiments, researchers removed a portion of the snow cover to investigate the importance of the subnivium’s insulation. They found that soil frost in the snow-free area resulted in damage to plant roots and sometimes even the death of the plant.

All of the following statements are true EXCEPT