CAT (VARC) PYQs

The passage given below is followed by four summaries. Choose the option that best captures the essence of the passage.

In 1903, left-wing feminist Elizabeth Magie invented The Landlord's Game, the original version of what became Monopoly. It was designed as a powerful teaching tool to illustrate the dangers of monopolies and how wealth could concentrate in the hands of a few. The game featured a circular path, properties, and a "Go to Jail" space. Magie created two rule sets: one "monopolist" version where players crushed opponents through accumulation, and another, more radical "Prosperity" version, where everyone shared in the wealth, promoting fairness and equity. Years later, unemployed Charles Darrow sold a simplified version to Parker Brothers. They paid Magie only $500 for her patent-without royalties-and credited Darrow as the sole inventor. For decades, his tale of inventing the game in his basement remained the official story, while Magie's name and her original, anti-capitalist message were left in the shadows.

The passage given below is followed by four alternate summaries. Choose the option that best captures the essence of the passage.

All humans make decisions based on one or a combination of two factors. This is either intuition or information. Decisions made through intuition are usually fast, people don't even think about the problem. It is quite philosophical, meaning that someone who made a decision based on intuition will have difficulty explaining the reasoning behind it. The decision-maker would often utilize her senses in drawing conclusions, which again is based on some experience in the field of study. On the other side of the spectrum, we have decisions made based on information. These decisions are rational it is based on facts and figures, which unfortunately also means that it can be quite slow. The decision-maker would frequently use reports, analyses, and indicators to form her conclusion. This methodology results in accurate, quantifiable decisions, meaning that a person can clearly explain the rationale behind it.

The passage given below is followed by four alternate summaries. Choose the option that best captures the essence of the passage.

Developing countries are becoming hotbeds of business innovation in much the same way as Japan did from the 1950s onwards. They are reinventing systems of production and distribution, and experimenting with entirely new business models. Why are countries that were until recently associated with cheap hands now becoming leaders in innovation? Driven by a mixture of ambition and fear they are relentlessly climbing up the value chain. Emerging-market champions have not only proved highly competitive in their own backyards, they are also going global themselves.