TESTfunda - CAT Question of the Day 07-Nov-13

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Testfunda
07-Nov-13
CAT Question of the Day
Answer the question based on the passage given below.

Finance minister P Chidambaram seems keen to improve investor confidence, in the backdrop of the markedly decelerating economic growth trend. In his first press conference, he opined that interest rates were on the higher side, promised to keep a tab on food inflation for added measure and called for a review of the provisions in the latest Finance Act concerning retrospective corporate taxation on certain cross-border transactions and sectors. The strategy outlined, as and when implemented, should be growth inducing. 

Which of the following, if true, would seriously undermine the strategy outlined by the Finance Minister?

OPTIONS
 
 1)Economists are now in agreement that intuition rather than analytical reasoning drives investor resolve and attendant investments.
 2)There has been a considerable slowdown recently in the domestic investment rate, particularly of the corporate variety.
 3)There is no standard technique to quantify all the factors elaborated in the strategy outlined by the Finance Minister.
 4)Business investors make decisions in the backdrop of fundamental uncertainty about the future and go by gut reaction.
Tip of the Day
Working with inequalities is similar to working with equalities, except for the fact that when both the sides of the inequality are multiplied or divided by a negative number, the inequality gets reversed.
Last year's Question of the day (06-Nov-12)
Let P(x) be a polynomial with integer coefficients such that P(17) = 10 and P(24) = 17.

If P(n) = n + 3 has two distinct integer solutions n1 and n2, then find the sum n1 + n2.
OPTIONS
 
 1)41
 2)27
 3)30
 4)34
 5)53
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