TESTfunda - CAT Question of the Day 21-Aug-13

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	21-Aug-13 TestFunda Home | Sign up for Newsletters | Feedback CAT Question of the Day Answer the question based on the passage given below. Consider monetary and fiscal policies. Despite decades of careful data collection and mathematical and statistical research, on many large questions we have little more than rules of thumb. For example, we know that we should lower interest rates and inject liquidity to fight stagnation, and that we should raise policy rates and banks' cash-reserve ratios to stifle inflation. Sometimes we rely on our judgment in combining interest-rate action with open-market operations. But the fact remains that our understanding of these policies' mechanics is rudimentary. Which of the following inferences can be drawn from the above? OPTIONS     1) Our economic expertise is limited in fundamental ways.   2) Our rules of thumb are a result of decades of research.   3) We get some of our monetary and fiscal policies right by instinct.   4) None of the above. discuss | yesterday's solution | more questions Tip of the Day Make it a habit to attempt mock-cat's in a single sitting. This will help to improve your concentration levels, and prepare you for the actual CAT paper. more tips Last year's Question of the day (20-Aug-12) Find the sum of the following infinite series; OPTIONS     1)   2)   3) 3   4) 4 discuss TestFunda.com - LEARN with THE LEADER in Online MBA Test Prep Demo Lessons   |   Take a Demo Test   |   Buy Courses   |   Fun Learning Games   |   100-Percentilers About TestFunda.com - TestFunda is backed by www.ZeusLearning.com. 3 IIT-IIM graduates form the Management Team. - The 85+ member team has vast experience in MBA Coaching and Computer-Based Training and Testing. - For 12 years Zeus has created award-winning courseware for companies like Discovery Channel, Reader's Digest, Texas Instruments, Pearson Education. - The TestFunda Advisory Board comprises CEOs and MDs of international educational companies. About This Newsletter You received this email because you have registered with www.TestFunda.com. If you do not want to receive this email or want to sign up for other newsletters from TestFunda  click here. Please do not reply to this mail. Mails sent to this account will not be monitored. Post your comments and solutions under the Question of the Day forum. Problems getting this mail? To get this mail in your inbox, add noreply@testfunda.com to your contact list.       UNSUBSCRIBE / SUBSCRIBE | ABOUT | WHY TESTFUNDA | FAQ | PRIVACY | SUPPORT | CONTACT | DISCUSS   © Enabilon Learning Private Limited. All rights reserved