TESTfunda - CAT Question of the Day 11-May-13

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Testfunda
11-May-13
CAT Question of the Day
The question below contains a paragraph followed by alternative summaries. Choose the option that best captures the essence of the paragraph.

With cumulative industrial growth now gauged in the low decimal points, there's the pressing need to strategize policy formulation and implementation that effectively boosts the value added in manufactures and beyond. In the past, particularly in the last two decades of economic reforms and opening up - albeit in fits and starts - there have indeed been a few instances of sclerotic growth in industry, over several weeks and months. But the prolonged lacklustre growth this time around in the industrial economy, and a markedly decelerating trend overall, points at the need to go beyond such explanations as relatively dearer cost of credit, heightened government consumption expenditure or even the lack of investor confidence quite across the board.

OPTIONS
 
 1)Though there were periods of slackness in industry in the past, the current and prolonged deceleration calls for remedial policy and implementation.
 2)High cost of credit, government consumption expenditure, and lack of investor confidence have caused the current and prolonged deceleration in industrial growth.
 3)The prolonged lacklustre growth in the industrial economy is unlike the few instances of slow growth seen in the last two decades of economic reforms.
 4)There is a pressing need to strategize policy formulation and implementation to counter the slow growth in industry economy seen in the last two decades.
Tip of the Day
While calculating the weighted average, the ratios of the weights can be used instead of using the actual weights. Also if the weights are equal then the weighted average is same as the simple average.
Last year's Question of the day (10-May-12)
If a2 + b2 + c2 + d2 = 8, find the minimum value of:

3(ab + ac + ad + bc + bd + cd) + 6(a + b + c + d)

OPTIONS
 
 1)–10
 2)–18
 3)–12
 4)None of the above
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