1. The success of any unit in a competitive environment depends on prudent management sources.
(A) In this context it would have been more appropriate if the concept of accelerated depreciation together with additional incentives towards capital allowances for recouping a portion of the cost of replacements out of the current generations had been accepted.
(B) Added to this are the negligible retention of profits because of inadequate capital allowances are artificial disallowances of genuine outflows.
(C) One significant cause for poor generation of surpluses is the high cost of capital and its servicing cost.
(D) The lack of a mechanism in Indian tax laws for quick recovery of capital costs has received its due attention.
6. While this may apparently look costly from the point of view of the exchequer, cost to the government and the community in the losses suffered through poor viability will be prohibitive.

1. Count Rumford is perhaps best known for his observations on the nature of heat.
(A) He undertook several experiments in order to test the theories of the origin of frictional heat
(B) According to the colorists, the heat was produced by the ‘’ caloric’’ squeezed out of the chips in the process of separating them from the larger pieces of metal.
(C) Lavoisier had introduced the term ‘’caloric’’ for the weightless substance heat, and had included it among the chemical elements along with carbon, nitrogen and oxygen.
(D) In the ammunitions factory in Munich, Rumford noticed that a considerable degree of heat developed in a brass gun while it was being bored.
6. Rumford could not believe that the amount of heat generated could have come from the small amount of dust created.

1. The death of cinema has been predicted annually.
(A) It hasn’t happened.
(B) It was said that the television would kill it off-and indeed audiences plummeted, reaching a low in 1984.
(C) Film has enjoyed a renaissance, and audiences are now roughly double of what they were a decade ago.
(D) Then the home computer became the projected nemesis followed by satellite television.
6. Why? probably because even in the most atomized of societies, we human beings feel the need to share out fantasies and our excitement.

1. Visual recognition involves storing and retrieving of memories.
(A) Psychologists of the Gastalt school maintain that objects are recognized as a whole in a parallel procedure.
(B) Neural activity, triggered by the eye, forms an image in the brain’s memory system that constitutes an internal representation on the viewed object.
(C) Controversy surrounds the question of whether recognition is a single one-step procedure or a serial step-by-step one.
(D) When an object is encountered again, it is matched with its internal recognition and thereby recognized.
6. The internal representation is matched with the retinal image in single operation.

1. Currency movements can have a dramatic impact on equity returns for foreign investors.
A. This is not surprising as many developing economies try to peg their exchange rates to the US dollars or to a basket of currencies.
B. Many developing economies manage to keep exchange rate volatility lower than that in the industrial economies.
C. India has also gone in for the full float on the current account and abolished the managed exchange rate.
D. Dramatic exceptions are Argentina, Brazil and Nigeria.
6. Another emerging market specific risk is liquidity risk.