TESTfunda - CAT Question of the Day 21-Mar-14

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	21-Mar-14 TestFunda Home | Sign up for Newsletters | Feedback CAT Question of the Day Answer the question based on the passage given below.   In the past two decades, economists have become increasingly interested in how institutions contribute to economic growth. They are particularly enthused by the view that institutions guaranteeing a "credible commitment" to liberal limits on state action—and repayment of the national debt—caused the industrial revolution to get off the ground in 18th-century England. This may at first appear to be an academic debate of only esoteric interest. But such views have quickly become dominant within economics. And some related conclusions—such as an emphasis on democracy and property rights as necessary prerequisites for sustained economic growth—came to influence the so-called Washington consensus of global economic governance.   "Credible commitment" in the context of the passage refers to -  OPTIONS     1) opening up the political system to a broad cross section of society, who are able to exert considerable influence over the way the state functions.   2) opening up the economic system to institutions, which are allowed to exert considerable influence over the way the government functions.   3) parliaments, courts, independent central banks, and international agencies can facilitate and enhance economic development.   4) all of the above. discuss | yesterday's solution | more questions Tip of the Day Habits like dragging a pointer along the lines of a passage while reading it or reading the passage aloud hamper reading speed. Practice a visual reading style and assimilate information simultaneously along with reading to increase reading speed. more tips Last year's Question of the day (20-Mar-13) What will be the value of the missing number? OPTIONS     1) 9   2) 6   3) 2   4) 3   5) None of these 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