TESTfunda - CAT Question of the Day 15-Nov-13

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	15-Nov-13 TestFunda Home | Sign up for Newsletters | Feedback CAT Question of the Day Answer the question based on the passage given below. For more than three decades, China's GDP has grown by an average of more than 10% annually. But former Premier Wen Jiabao rightly described this impressive growth performance as "unstable, unbalanced, uncoordinated, and unsustainable," highlighting the many economic, social, and environmental costs and challenges that have accompanied it. Now China must choose between the export-based, investment-driven growth model of the past and a new, more viable economic order. Cheap credit and perverse incentives – such as promotions for officials who contribute most to GDP growth – have led to massive but redundant investment, which, in turn, has contributed to excess capacity in manufacturing and infrastructure. This model is not only inefficient; channeling government resources to support investment also undermines China's social development. Given this, China's leaders have decided to stop using GDP growth as the primary criterion for evaluating officials' performance. Indeed, the 12th Five-Year Plan, which extends until 2015, aims to shift China's economy to a new, more sustainable growth model based on quality and innovation, and accepts that annual GDP growth will likely fall to 7% during the transition.  Which of the following is the most suitable title for the passage? OPTIONS     1) China opts for inclusive growth.   2) China decides to control its growth rate.   3) China decides to grow down.   4) GDP an inaccurate measure of growth. discuss | yesterday's solution | more questions Tip of the Day The relative speed of two objects is given by the sum of their speeds if they are moving in the opposite direction and their difference when they are moving in the same direction. more tips Last year's Question of the day (14-Nov-12) An ant starts from a vertex of an equilateral triangle. On each move, it randomly selects one of the two vertices where it is not currently located, and crawls along a side of the triangle to that vertex. Find the probability that ant moves to the starting vertex on its tenth move. OPTIONS     1)   2)   3)   4) None of the above 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