Question 1) What are the future plans of the researchers?
Direction: Read the passage carefully and choose the best answer to each question out of the four alternatives:
Hyper-connectivity has changed the way we communicate, wait, and productively use our time. There are countless moments throughout the day when we’re waiting for messages, texts and Snapchats to refresh. To help us make the most of these “micro-moments,” researchers have developed a series of apps called “WaitSuite” that test you on vocabulary words during idle moments. Building on micro-learning apps like Duolingo, WaitSuite aims to leverage moments when a person wouldn’t otherwise be doing anything — a practice that its developers call “wait-learning.” WaitSuite covers five common daily tasks: waiting for WiFi to connect, emails to push through, instant messages to be received, an elevator to come, or content on your phone to load. WaitSuite could also be used for learning things like math, medical terms or legal jargon. In the future, the team hopes to test other formats for micro-learning, like audio for on-the-go users.
A) They hope to have the app remind users to practice mindfulness to avoid reaching for our phones in moments of impatience, boredom, or frustration.
B) They hope to have a flashcard app that tests your calculation speed.
C) They hope to test other formats for micro-learning, like audio for on-the-go users.
D) They hope to take into account a person’s state of mind by, for example, giving terms to learn that relate to the conversations they are having.
Question 2) What is the advantage of WaitSuite?
I. It will help the user to learn and test their vocabulary.
II. It will help the user to leverage their idle moments by a practice that its developers call “wait-learning.”
III. It will be helpful in learning things like math, medical terms or legal jargon.
Direction: Read the passage carefully and choose the best answer to each question out of the four alternatives:
Hyper-connectivity has changed the way we communicate, wait, and productively use our time. There are countless moments throughout the day when we’re waiting for messages, texts and Snapchats to refresh. To help us make the most of these “micro-moments,” researchers have developed a series of apps called “WaitSuite” that test you on vocabulary words during idle moments. Building on micro-learning apps like Duolingo, WaitSuite aims to leverage moments when a person wouldn’t otherwise be doing anything — a practice that its developers call “wait-learning.” WaitSuite covers five common daily tasks: waiting for WiFi to connect, emails to push through, instant messages to be received, an elevator to come, or content on your phone to load. WaitSuite could also be used for learning things like math, medical terms or legal jargon. In the future, the team hopes to test other formats for micro-learning, like audio for on-the-go users.
A) Only I
B) Only III
C) Both I and III
D) All I, II, III
Question 3) Which is not a daily task covered under Waitsuite?
Direction: Read the passage carefully and choose the best answer to each question out of the four alternatives:
Hyper-connectivity has changed the way we communicate, wait, and productively use our time. There are countless moments throughout the day when we’re waiting for messages, texts and Snapchats to refresh. To help us make the most of these “micro-moments,” researchers have developed a series of apps called “WaitSuite” that test you on vocabulary words during idle moments. Building on micro-learning apps like Duolingo, WaitSuite aims to leverage moments when a person wouldn’t otherwise be doing anything — a practice that its developers call “wait-learning.” WaitSuite covers five common daily tasks: waiting for WiFi to connect, emails to push through, instant messages to be received, an elevator to come, or content on your phone to load. WaitSuite could also be used for learning things like math, medical terms or legal jargon. In the future, the team hopes to test other formats for micro-learning, like audio for on-the-go users.
A) When you’re waiting for your phone to connect to WiFi.
B) When you’re waiting for an instant message.
C) When you’re waiting for your phone to charge fully.
D) When you’re waiting for an elevator to come.
Question 4) Where did the dog find the bone?
Direction: Read the passage carefully and choose the best answer to each question out of the four alternatives.
Once there lived a dog. He was very greedy. There were many times that he had to pay for his greed. Each time the dog promised himself, “I have learnt my lesson. Now I will never be greedy again.” But he soon forgot his promises and was as greedy as ever.
One afternoon, the dog was terribly hungry. He decided to go look for something to eat. Just outside his house, there was a bridge. “I will go and look for food on the other side of the bridge. The food there is definitely better,” he thought to himself. He walked across the wooden bridge and started sniffing around for food. Suddenly, he spotted a bone lying at a distance. “Ah, I am in luck. This looks a delicious bone,” he said.
Without wasting any time, the hungry dog picked up the bone and was just about to eat it, when he thought, “Somebody might see here with this bone and then I will have to share it with them. So, I had better go home and eat it.” Holding the bone in his mouth, he ran towards his house.
While crossing the wooden bridge, the dog looked down into the river. There he saw his own reflection. The foolish dog mistook it for another dog. “There is another dog in the water with bone in its mouth,” he thought. Greedy, as he was, he thought, “How nice it would be to snatch that piece of bone as well. Then, I will have two bones.”
So, the greedy dog looked at his reflection and growled. The reflection growled back, too. This made the dog angry. He looked down at his reflection and barked, “Woof! Woof!” As he opened his mouth, the bone in his mouth fell into the river. It was only when the water splashed that the greedy dog realized that what he had seen was nothing but his own reflections and not another dog. But it was too late. He had lost the piece of bone because of his greed. Now he had to go hungry.
A) In front of his house
B) Across the bridge in the distance
C) Very far away from his home
D) He did not find any bone
Question 5) How many dogs are there in the above story?
Direction: Read the passage carefully and choose the best answer to each question out of the four alternatives.
Once there lived a dog. He was very greedy. There were many times that he had to pay for his greed. Each time the dog promised himself, “I have learnt my lesson. Now I will never be greedy again.” But he soon forgot his promises and was as greedy as ever.
One afternoon, the dog was terribly hungry. He decided to go look for something to eat. Just outside his house, there was a bridge. “I will go and look for food on the other side of the bridge. The food there is definitely better,” he thought to himself. He walked across the wooden bridge and started sniffing around for food. Suddenly, he spotted a bone lying at a distance. “Ah, I am in luck. This looks a delicious bone,” he said.
Without wasting any time, the hungry dog picked up the bone and was just about to eat it, when he thought, “Somebody might see here with this bone and then I will have to share it with them. So, I had better go home and eat it.” Holding the bone in his mouth, he ran towards his house.
While crossing the wooden bridge, the dog looked down into the river. There he saw his own reflection. The foolish dog mistook it for another dog. “There is another dog in the water with bone in its mouth,” he thought. Greedy, as he was, he thought, “How nice it would be to snatch that piece of bone as well. Then, I will have two bones.”
So, the greedy dog looked at his reflection and growled. The reflection growled back, too. This made the dog angry. He looked down at his reflection and barked, “Woof! Woof!” As he opened his mouth, the bone in his mouth fell into the river. It was only when the water splashed that the greedy dog realized that what he had seen was nothing but his own reflections and not another dog. But it was too late. He had lost the piece of bone because of his greed. Now he had to go hungry.
A) 2
B) 1
C) 3
D) None
Question 6) What best describes the character of the dog?
Direction: Read the passage carefully and choose the best answer to each question out of the four alternatives.
Once there lived a dog. He was very greedy. There were many times that he had to pay for his greed. Each time the dog promised himself, “I have learnt my lesson. Now I will never be greedy again.” But he soon forgot his promises and was as greedy as ever.
One afternoon, the dog was terribly hungry. He decided to go look for something to eat. Just outside his house, there was a bridge. “I will go and look for food on the other side of the bridge. The food there is definitely better,” he thought to himself. He walked across the wooden bridge and started sniffing around for food. Suddenly, he spotted a bone lying at a distance. “Ah, I am in luck. This looks a delicious bone,” he said.
Without wasting any time, the hungry dog picked up the bone and was just about to eat it, when he thought, “Somebody might see here with this bone and then I will have to share it with them. So, I had better go home and eat it.” Holding the bone in his mouth, he ran towards his house.
While crossing the wooden bridge, the dog looked down into the river. There he saw his own reflection. The foolish dog mistook it for another dog. “There is another dog in the water with bone in its mouth,” he thought. Greedy, as he was, he thought, “How nice it would be to snatch that piece of bone as well. Then, I will have two bones.”
So, the greedy dog looked at his reflection and growled. The reflection growled back, too. This made the dog angry. He looked down at his reflection and barked, “Woof! Woof!” As he opened his mouth, the bone in his mouth fell into the river. It was only when the water splashed that the greedy dog realized that what he had seen was nothing but his own reflections and not another dog. But it was too late. He had lost the piece of bone because of his greed. Now he had to go hungry.
A) He was very smart and brave
B) He was very greedy and foolish
C) He was intelligent
D) He was very kind
Question 7) What did the dog think after seeing his image in the water?
Direction: Read the passage carefully and choose the best answer to each question out of the four alternatives.
Once there lived a dog. He was very greedy. There were many times that he had to pay for his greed. Each time the dog promised himself, “I have learnt my lesson. Now I will never be greedy again.” But he soon forgot his promises and was as greedy as ever.
One afternoon, the dog was terribly hungry. He decided to go look for something to eat. Just outside his house, there was a bridge. “I will go and look for food on the other side of the bridge. The food there is definitely better,” he thought to himself. He walked across the wooden bridge and started sniffing around for food. Suddenly, he spotted a bone lying at a distance. “Ah, I am in luck. This looks a delicious bone,” he said.
Without wasting any time, the hungry dog picked up the bone and was just about to eat it, when he thought, “Somebody might see here with this bone and then I will have to share it with them. So, I had better go home and eat it.” Holding the bone in his mouth, he ran towards his house.
While crossing the wooden bridge, the dog looked down into the river. There he saw his own reflection. The foolish dog mistook it for another dog. “There is another dog in the water with bone in its mouth,” he thought. Greedy, as he was, he thought, “How nice it would be to snatch that piece of bone as well. Then, I will have two bones.”
So, the greedy dog looked at his reflection and growled. The reflection growled back, too. This made the dog angry. He looked down at his reflection and barked, “Woof! Woof!” As he opened his mouth, the bone in his mouth fell into the river. It was only when the water splashed that the greedy dog realized that what he had seen was nothing but his own reflections and not another dog. But it was too late. He had lost the piece of bone because of his greed. Now he had to go hungry.
A) He was scared and so he ran away
B) He thought it would be even better if he could get the other dog’s food
C) He was content with is food so he didn’t give it much thought
D) None of the above
Question 8) What can be inferred to be the main flaw of the economy of the SE Asian countries that led to the financial crisis?
Direction: Read the given passage and answer the questions that follow.
Between June 1997 and January 1998, a financial crisis swept like a brush fire through the “tiger economies” of SE Asia. Over the previous decade the SE Asian states of Thailand, Malaysia, Singapore, Indonesia, Hong Kong, and South Korea, had registered some of the most impressive economic growth rates in the world. Their economies had expanded by 6% to 9% per annum compounded, as measured by the Gross Domestic Product. This Asian miracle, however, appeared to come to an abrupt end in late 1997 when in one country after another, local stock markets and currency markets imploded. When the dust started to settle in January 1998 the stock markets in many of these states had lost over 70% of their value, their currencies had depreciated against the US dollar by a similar amount, and the once proud leaders of these nations had been forced to go cap in hand to the International Monetary Fund (IMF) to beg for a massive financial assistance. The seeds of the 1997-98 Asian financial crisis were sown during the previous decade when these countries were experiencing unprecedented economic growth. Although there were and remain important differences between the individual countries, a number of elements were common too. Exports had long been the engine of economic growth in these countries. A combination of inexpensive and relatively well-educated labour, export oriented economies, falling barriers to international trade, and in some cases such as Malaysia, heavy inward investment by foreign companies, had combined during the previous quarter of a century to transform many Asian states into export powerhouses. The nature of these exports had also shifted in recent years from basic materials and products such as textiles to complex and increasingly high technology products, such as automobiles, semiconductors, and consumer electronics. The wealth created by export led growth helped to fuel an investment boom in commercial and residential property, industrial assets, and infrastructure. The value of commercial and residential real estate in cities such as Hong Kong and Bangkok started to soar. In turn, this fed a building boom the likes of which had never been seen before in Asia. Office and apartment building were going up all over the region. Heavy borrowing from banks financed much of this construction, but so long as the value of property continued to rise, the banks were more than happy to lend. As for industrial assets, the continued success of Asian exporters encouraged them to make ever bolder investments in industrial capacity. This was exemplified most clearly by South Korea’s giant diversified conglomerates, or chaebol, many of which had ambitions to build up a major position in the global automobile and semi-conductor industries. By early 1997 what was happening in the Korean semi-conductor industry and the Bangkok property market was being played out elsewhere in the region. Massive investments in industrial assets and property had created a situation of excess capacity and plunging prices while leaving the companies that had made the investments groaning under huge debt burdens that they were now finding difficult to service. To make matters worse, much of the borrowing to fund these investments had been in US dollars, as opposed to local currencies. At the time this had seemed like a smart move. Throughout the region, local currencies were pegged to the dollar, and interest rates on dollar borrowings were generally lower than rates on borrowings in domestic currency. Thus, it often made economic sense to borrow in dollars if the option was available. However, if the governments in the region could not maintain the dollar peg and their currencies started to depreciate against the dollar, this would increase the size of the debt burden that local companies would have to service when measured in the local currency. Currency depreciation, in other words, would raise borrowing costs and could result in companies defaulting on their debt payments.
A) Local banks refused to help and provide the assistance that helps in boosting the economy of a nation.
B) Foreign investments were the major drivers and the backbone of local economy.
C) The economy was driven by luxury items which made it inevitable that it would degrade soon.
D) American banks had paid excessive loans to the local economies which made it evident that they would crash soon.
Question 9) Which of the following was the most significant reason for increasing debts and failure of clearance of debts?
Direction: Read the given passage and answer the questions that follow.
Between June 1997 and January 1998, a financial crisis swept like a brush fire through the “tiger economies” of SE Asia. Over the previous decade the SE Asian states of Thailand, Malaysia, Singapore, Indonesia, Hong Kong, and South Korea, had registered some of the most impressive economic growth rates in the world. Their economies had expanded by 6% to 9% per annum compounded, as measured by the Gross Domestic Product. This Asian miracle, however, appeared to come to an abrupt end in late 1997 when in one country after another, local stock markets and currency markets imploded. When the dust started to settle in January 1998 the stock markets in many of these states had lost over 70% of their value, their currencies had depreciated against the US dollar by a similar amount, and the once proud leaders of these nations had been forced to go cap in hand to the International Monetary Fund (IMF) to beg for a massive financial assistance. The seeds of the 1997-98 Asian financial crisis were sown during the previous decade when these countries were experiencing unprecedented economic growth. Although there were and remain important differences between the individual countries, a number of elements were common too. Exports had long been the engine of economic growth in these countries. A combination of inexpensive and relatively well-educated labour, export oriented economies, falling barriers to international trade, and in some cases such as Malaysia, heavy inward investment by foreign companies, had combined during the previous quarter of a century to transform many Asian states into export powerhouses. The nature of these exports had also shifted in recent years from basic materials and products such as textiles to complex and increasingly high technology products, such as automobiles, semiconductors, and consumer electronics. The wealth created by export led growth helped to fuel an investment boom in commercial and residential property, industrial assets, and infrastructure. The value of commercial and residential real estate in cities such as Hong Kong and Bangkok started to soar. In turn, this fed a building boom the likes of which had never been seen before in Asia. Office and apartment building were going up all over the region. Heavy borrowing from banks financed much of this construction, but so long as the value of property continued to rise, the banks were more than happy to lend. As for industrial assets, the continued success of Asian exporters encouraged them to make ever bolder investments in industrial capacity. This was exemplified most clearly by South Korea’s giant diversified conglomerates, or chaebol, many of which had ambitions to build up a major position in the global automobile and semi-conductor industries. By early 1997 what was happening in the Korean semi-conductor industry and the Bangkok property market was being played out elsewhere in the region. Massive investments in industrial assets and property had created a situation of excess capacity and plunging prices while leaving the companies that had made the investments groaning under huge debt burdens that they were now finding difficult to service. To make matters worse, much of the borrowing to fund these investments had been in US dollars, as opposed to local currencies. At the time this had seemed like a smart move. Throughout the region, local currencies were pegged to the dollar, and interest rates on dollar borrowings were generally lower than rates on borrowings in domestic currency. Thus, it often made economic sense to borrow in dollars if the option was available. However, if the governments in the region could not maintain the dollar peg and their currencies started to depreciate against the dollar, this would increase the size of the debt burden that local companies would have to service when measured in the local currency. Currency depreciation, in other words, would raise borrowing costs and could result in companies defaulting on their debt payments.
A) Creation of a situation of excess capacity
B) Investing more in commercial assets
C) Currency depreciation
D) Huge amounts of money were lent by the banks
Question 10) What picture can we get about the financial condition of the Asian countries from the passage?
Direction: Read the given passage and answer the questions that follow.
Between June 1997 and January 1998, a financial crisis swept like a brush fire through the “tiger economies” of SE Asia. Over the previous decade the SE Asian states of Thailand, Malaysia, Singapore, Indonesia, Hong Kong, and South Korea, had registered some of the most impressive economic growth rates in the world. Their economies had expanded by 6% to 9% per annum compounded, as measured by the Gross Domestic Product. This Asian miracle, however, appeared to come to an abrupt end in late 1997 when in one country after another, local stock markets and currency markets imploded. When the dust started to settle in January 1998 the stock markets in many of these states had lost over 70% of their value, their currencies had depreciated against the US dollar by a similar amount, and the once proud leaders of these nations had been forced to go cap in hand to the International Monetary Fund (IMF) to beg for a massive financial assistance. The seeds of the 1997-98 Asian financial crisis were sown during the previous decade when these countries were experiencing unprecedented economic growth. Although there were and remain important differences between the individual countries, a number of elements were common too. Exports had long been the engine of economic growth in these countries. A combination of inexpensive and relatively well-educated labour, export oriented economies, falling barriers to international trade, and in some cases such as Malaysia, heavy inward investment by foreign companies, had combined during the previous quarter of a century to transform many Asian states into export powerhouses. The nature of these exports had also shifted in recent years from basic materials and products such as textiles to complex and increasingly high technology products, such as automobiles, semiconductors, and consumer electronics. The wealth created by export led growth helped to fuel an investment boom in commercial and residential property, industrial assets, and infrastructure. The value of commercial and residential real estate in cities such as Hong Kong and Bangkok started to soar. In turn, this fed a building boom the likes of which had never been seen before in Asia. Office and apartment building were going up all over the region. Heavy borrowing from banks financed much of this construction, but so long as the value of property continued to rise, the banks were more than happy to lend. As for industrial assets, the continued success of Asian exporters encouraged them to make ever bolder investments in industrial capacity. This was exemplified most clearly by South Korea’s giant diversified conglomerates, or chaebol, many of which had ambitions to build up a major position in the global automobile and semi-conductor industries. By early 1997 what was happening in the Korean semi-conductor industry and the Bangkok property market was being played out elsewhere in the region. Massive investments in industrial assets and property had created a situation of excess capacity and plunging prices while leaving the companies that had made the investments groaning under huge debt burdens that they were now finding difficult to service. To make matters worse, much of the borrowing to fund these investments had been in US dollars, as opposed to local currencies. At the time this had seemed like a smart move. Throughout the region, local currencies were pegged to the dollar, and interest rates on dollar borrowings were generally lower than rates on borrowings in domestic currency. Thus, it often made economic sense to borrow in dollars if the option was available. However, if the governments in the region could not maintain the dollar peg and their currencies started to depreciate against the dollar, this would increase the size of the debt burden that local companies would have to service when measured in the local currency. Currency depreciation, in other words, would raise borrowing costs and could result in companies defaulting on their debt payments.
A) The economy was unstable and it hit a big crisis deteriorating the condition further.
B) The economy was growing drastically but faced a major blow which shattered the whole status.
C) The economy was already in a low state and lower earnings exacerbated the financial situation.
D) The economy was in an unstable state and the crisis helped it to gain a stable footing.
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