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20 Feb 2022, 23:00
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Question 1
B
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
77% (02:10) correct
23%
(02:17) wrong
based on 376
sessions
History
Date
Time
Result
Not Attempted Yet
Question 2
D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
53% (00:48) correct 47%
(01:01) wrong
based on 364
sessions
History
Date
Time
Result
Not Attempted Yet
Question 3
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
45%
(medium)
Question Stats:
48% (00:37) correct 52%
(00:33) wrong
based on 345
sessions
History
Date
Time
Result
Not Attempted Yet
Question 4
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
15% (01:04) correct 85%
(01:14) wrong
based on 353
sessions
History
Date
Time
Result
Not Attempted Yet
Question 5
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
65% (01:13) correct 35%
(00:59) wrong
based on 345
sessions
History
Date
Time
Result
Not Attempted Yet
The Agency for Crude Oil estimates that China’s imports of crude will increase 8 percent a year, a figure more than twice the predicted rate of growth in global demand. To protect Chinese farmers, the group that has gained least from the economic reforms, and for fear of social unrest, the People’s Congress has held the price of diesel at the pumps artificially low. These price controls mean that Chinese state-owned refineries are losing vast sums of money supplying domestic markets. To offset these losses, the refinery managers must export fuel and, as a consequence, create the single most important cause of the chronic fuel shortages facing the domestic market of China.
China’s energy companies are desperately trying to resolve the issue by securing more suppliers of crude. Their greatest hope lies with Russia, which currently only supplies a small fraction of China’s annual consumption. Chinese officials would dearly love a pipeline from the Siberian oilfields. But Russia is anxious to keep control of its export market and is understandably reluctant to provide its neighbor’s refineries with oil, only to see it sold on to a third party in order to cross-subsidize the artificially low cost of fuel in China’s domestic markets.
Perhaps a more viable solution lies with a price increase in the cost of diesel in Chinese domestic markets. This might well mean that the current runaway demand will be curtailed and Chinese refineries will be better able to supply their home markets.
China’s energy companies are desperately trying to resolve the issue by securing more suppliers of crude. Their greatest hope lies with Russia, which currently only supplies a small fraction of China’s annual consumption. Chinese officials would dearly love a pipeline from the Siberian oilfields. But Russia is anxious to keep control of its export market and is understandably reluctant to provide its neighbor’s refineries with oil, only to see it sold on to a third party in order to cross-subsidize the artificially low cost of fuel in China’s domestic markets.
Perhaps a more viable solution lies with a price increase in the cost of diesel in Chinese domestic markets. This might well mean that the current runaway demand will be curtailed and Chinese refineries will be better able to supply their home markets.
Q1. Which of the following statements best captures the general theme of the passage?
A. the solution to China’s fuel problems
B. China’s fuel crisis and potential solutions to it
C. how China can solve its fuel troubles
D. the nature of China’s fuel predicament
E. China’s fuel catastrophe and its explanation
A. the solution to China’s fuel problems
B. China’s fuel crisis and potential solutions to it
C. how China can solve its fuel troubles
D. the nature of China’s fuel predicament
E. China’s fuel catastrophe and its explanation
Q2. Which of the following is mentioned as a solution to fuel shortages?
A. securing more suppliers of crude
B. a pipeline from the Siberian oilfields
C. an end to refineries selling overseas
D. an end to the artificially low cost of fuel on China’s domestic markets
E. curtailment of the current runaway demand
A. securing more suppliers of crude
B. a pipeline from the Siberian oilfields
C. an end to refineries selling overseas
D. an end to the artificially low cost of fuel on China’s domestic markets
E. curtailment of the current runaway demand
Q3. Which topic is not touched upon in the passage?
A. fiscal policy
B. international relations
C. fuel exports
D. retail price
E. rationing
A. fiscal policy
B. international relations
C. fuel exports
D. retail price
E. rationing
Q4. The author would agree least with which of the following statements?
A. The Chinese government was not ready to raise the price of oil products.
B. The artificially low price of oil products gives Chinese manufacturers an unfair advantage in foreign markets.
C. Russia holds the solution to its neighbor’s shortage.
D. Chinese officials express frustration with Russian reluctance to increase supplies.
E. The supply crunch comes as the country’s refineries continue to supply overseas markets.
A. The Chinese government was not ready to raise the price of oil products.
B. The artificially low price of oil products gives Chinese manufacturers an unfair advantage in foreign markets.
C. Russia holds the solution to its neighbor’s shortage.
D. Chinese officials express frustration with Russian reluctance to increase supplies.
E. The supply crunch comes as the country’s refineries continue to supply overseas markets.
Q5. Which of the following reasons were not given for China keeping a lid on prices at the pumps?
A. To prevent social unrest over the price of gasoline.
B. To protect farmers.
C. To protect the group that has gained least from the economic reforms.
D. A fear of social unrest.
E. Fearing social unrest, China has kept the price of diesel artificially low
A. To prevent social unrest over the price of gasoline.
B. To protect farmers.
C. To protect the group that has gained least from the economic reforms.
D. A fear of social unrest.
E. Fearing social unrest, China has kept the price of diesel artificially low
RC Butler 2022 - Practice Two RC Passages Everyday.
Passage # 75 Date: 21-Feb-2022
This question is a part of RC Butler 2022. Click here for Details
Passage # 75 Date: 21-Feb-2022
This question is a part of RC Butler 2022. Click here for Details
Source: How to pass the GMAT
24 May 2022, 06:25
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24 May 2022, 09:17
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Official Explanation
Q4. The author would agree least with which of the following statements?
Explanation
In the last paragraph, the author describes his alternative solution as more viable, which implies that he would not expect Russia to hold the solution to China’s supply problems.
Answer: C
Explanation
In the last paragraph, the author describes his alternative solution as more viable, which implies that he would not expect Russia to hold the solution to China’s supply problems.
Answer: C
PS: This is a flawed question, do not bother with it. Just leave it as it is.
