CAT Question of the Day Answer the following based on the passage given below.
Rich folk affect the rest of us in two big ways. First, the way they spend their money has all kinds of ripple effects. Their hunches move markets. Their consumption supports a whole sub-economy of hoteliers, watchmakers and financial advisers. And their philanthropy funds schools, pressure groups and research into tropical diseases. The second, and more important, way is that to become rich in the first place, they typically have to do something extraordinary. Some inherit their money, of course, but most build a better mousetrap, finance someone else's good idea or at least run a chain of hairdressers in a way that keeps customers coming back. And because they are mostly self-made, today's rich are restless, dynamic and much keener on change than the aristocrats of old.
What is the main purpose of this passage? | OPTIONS | | |  | 1) | To explain the social consequences of the rich in society. | | | 2) | To explain how rich people are influential because they have compelling ideas or are skilled at popularising other people's. | | | 3) | To explain how those with enough brains, money or influence affect the lives of large numbers of others. | | | 4) | To explain how the rich shape politics, business and technology in the world. |
Tip of the Day Sometimes in Data Sufficiency questions, if you see "two equations - two variables" case, do not conclude that the data is sufficient. We have to make sure that the two equations are neither same nor do they form an inconsistent system of equations. Last year's Question of the day (12-May-12) The real function f(x) satisfies the equation f(x) f(y) = f(x + y) + xy for all real numbers x and y. What is the value of f(0)?
| OPTIONS | | | | | 1) | −1 | | | 2) | 0 | | | 3) | 1 | | | 4) | 2 | | | 5) | Cannot be uniquely determined |
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