Find all School-related info fast with the new School-Specific MBA Forum

It is currently 22 Sep 2014, 10:33

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

The loan company announced it would soon lend money to

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Intern
Intern
User avatar
Joined: 25 Jul 2009
Posts: 32
Location: Lahore, Pakistan
Schools: going to Melbourne Business School
Followers: 2

Kudos [?]: 4 [0], given: 0

The loan company announced it would soon lend money to [#permalink] New post 07 Mar 2010, 03:04
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

69% (01:00) correct 31% (00:58) wrong based on 52 sessions
The loan company announced it would soon lend money to borrowers with proven records of their not paying back their loans on time, collectively known as the subprime lending market.

A - of their not paying back their loans on time,
B - of not paying back their loans on time, a group
C - of not paying back their loans on time, with such a group
D - that they do not pay back their loans on time,
E - that they do not pay back their loans on time, such a group




Please share your thoughts on the use of group and collectively together. Is it ok to use them together, I think both words convey the same meaning in this context.
Expert Post
2 KUDOS received
e-GMAT Representative
User avatar
Joined: 02 Nov 2011
Posts: 1789
Followers: 1270

Kudos [?]: 3545 [2] , given: 185

Re: The loan company announced it would soon lend money to [#permalink] New post 26 Oct 2012, 10:56
2
This post received
KUDOS
Expert's post
Marcab wrote:
I agree to the above explanations but my doubt is "Shouldn't the preposition "of" be followed by a noun?"
Does "not paying back" plays the role of a noun?
Experts please let me know if I am missing something here.


Hi @Marcab,
The answer to your question is yes. The phrase “not paying their loans on time” is playing the role of a noun. Let’s take a few simple sentences to understand the structure of this official sentence.
1. Akbar is known for giving equal importance to all religions.
2. Birbal has the record of solving all the riddles presented to him.
3. Birbal has the record of not leaving any riddle unsolved.
In all the above three sentences, the entities after the preposition is a noun phrase. Note that “giving”, “solving”, and “solving” are gerunds – the words that suggest action but act as nouns. Adding “not” does not change their roles. The presented official sentence follows the same structure:
The loan company announced it would soon lend money to borrowers with proven records of not paying back their loans on time, a group collectively known as the subprime lending market.
Here “not paying back their loans on time” is acting as a noun.

Hope this helps. :)
Thanks.
Shraddha
_________________

https://www.youtube.com/watch?v=WeT9_Wr0DlI&feature=youtu.be

1 KUDOS received
Manager
Manager
avatar
Joined: 09 May 2009
Posts: 204
Followers: 1

Kudos [?]: 84 [1] , given: 13

GMAT Tests User
Re: The loan company-Tricky ! [#permalink] New post 07 Mar 2010, 09:50
1
This post received
KUDOS
Quote:
Please share your thoughts on the use of group and collectively together.

well imo there is no need for collectively after a group ; but in gmat u cant doubt oa;here since collective is in non underlined part we cannot question on its usage;further among the choices only B stands right
a) two their is redundant
b)seems correct
c)meaning altered
d)in whole the s/c is wrong
e)comma splice error
_________________

GMAT is not a game for losers , and the moment u decide to appear for it u are no more a loser........ITS A BRAIN GAME

Senior Manager
Senior Manager
avatar
Joined: 25 Jul 2009
Posts: 331
Followers: 1

Kudos [?]: 26 [0], given: 0

GMAT Tests User
Re: The loan company-Tricky ! [#permalink] New post 07 Mar 2010, 06:30
A is simply clumsy
C & E are wordy
In D that they do not pay back their loans on time, collectively doesn't make any sense to me
Hence B
Kindly post the OA
Intern
Intern
User avatar
Joined: 25 Jul 2009
Posts: 32
Location: Lahore, Pakistan
Schools: going to Melbourne Business School
Followers: 2

Kudos [?]: 4 [0], given: 0

Re: The loan company-Tricky ! [#permalink] New post 07 Mar 2010, 09:52
Like me, I think you go by the ear, but for the TEST I would rather prefer to change this approach.

You chose the right answer.
OA is B.

I got confused with the use of group and collectively, sounds like ellipsis. But, in GMAT, we need to choose the better option, it may not be the best option always !
In this case, all others have grammatical mistakes.
Manager
Manager
User avatar
Status: GMAT BATTLE - WIN OR DIE
Joined: 02 May 2011
Posts: 175
Concentration: General Management, Entrepreneurship
GMAT Date: 12-22-2011
GPA: 3.81
WE: General Management (Hospitality and Tourism)
Followers: 2

Kudos [?]: 21 [0], given: 13

GMAT Tests User
Re: The loan company-Tricky ! [#permalink] New post 22 Jul 2011, 09:35
can somebody explain your reasoning when ellimination the answer
Director
Director
User avatar
Status: GMAT Learner
Joined: 14 Jul 2010
Posts: 652
Followers: 34

Kudos [?]: 231 [0], given: 32

GMAT Tests User
Re: The loan company announced it would soon lend money to [#permalink] New post 23 Dec 2011, 03:04
The loan company announced it would soon lend money to borrowers with proven records of their not paying back their loans on time, collectively known as the subprime lending market.

A.Of their not paying back their loans on time, [awkward]
B.Of not paying back their loans on time, a group [Most economy & correct]
C.Of not paying back their loans on time, with such a group [awkward]
D.That they do not pay back their loans on time, [They does not have proper antecedent]
E.That they do not pay back their loans on time, such a group [They does not have proper antecedent]
_________________

I am student of everyone-baten
Collections:-
PSof OG solved by GC members: http://gmatclub.com/forum/collection-ps-with-solution-from-gmatclub-110005.html
DS of OG solved by GC members: http://gmatclub.com/forum/collection-ds-with-solution-from-gmatclub-110004.html
100 GMAT PREP Quantitative collection http://gmatclub.com/forum/gmat-prep-problem-collections-114358.html
Collections of work/rate problems with solutions http://gmatclub.com/forum/collections-of-work-rate-problem-with-solutions-118919.html
Mixture problems in a file with best solutions: http://gmatclub.com/forum/mixture-problems-with-best-and-easy-solutions-all-together-124644.html

Expert Post
Verbal Forum Moderator
Verbal Forum Moderator
User avatar
Status: Preparing for the another shot...!
Joined: 03 Feb 2011
Posts: 1425
Location: India
Concentration: Finance, Marketing
GPA: 3.75
Followers: 128

Kudos [?]: 623 [0], given: 62

GMAT ToolKit User GMAT Tests User Premium Member
Re: The loan company announced it would soon lend money to [#permalink] New post 26 Oct 2012, 07:46
Expert's post
I agree to the above explanations but my doubt is "Shouldn't the preposition "of" be followed by a noun?"
Does "not paying back" plays the role of a noun?
Experts please let me know if I am missing something here.
_________________

Prepositional Phrases Clarified|Elimination of BEING| Absolute Phrases Clarified
Rules For Posting
www.Univ-Scholarships.com

Expert Post
Verbal Forum Moderator
Verbal Forum Moderator
User avatar
Status: Preparing for the another shot...!
Joined: 03 Feb 2011
Posts: 1425
Location: India
Concentration: Finance, Marketing
GPA: 3.75
Followers: 128

Kudos [?]: 623 [0], given: 62

GMAT ToolKit User GMAT Tests User Premium Member
Re: The loan company announced it would soon lend money to [#permalink] New post 26 Oct 2012, 17:07
Expert's post
Thanks Shraddha.
Never knew that "not" paying back can also become a noun.
This explanation indeed has helped.
_________________

Prepositional Phrases Clarified|Elimination of BEING| Absolute Phrases Clarified
Rules For Posting
www.Univ-Scholarships.com

Re: The loan company announced it would soon lend money to   [#permalink] 26 Oct 2012, 17:07
    Similar topics Author Replies Last post
Similar
Topics:
What is the best way to go about a money loan? MarksBradshaw 0 01 Feb 2012, 05:26
The computer company has announced xALIx 5 24 Jan 2009, 22:21
The computer company has announced that it will purchase the nakib77 5 02 Nov 2005, 13:13
The utility company has announced that it will permanently karun_aggarwal 9 14 Apr 2005, 19:58
The utility company has announced that it will permanently nocilis 13 21 Dec 2004, 00:51
Display posts from previous: Sort by

The loan company announced it would soon lend money to

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.