Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
May 0701:00 AM EDT
-02:00 AM EDT
Learn how Keshav, a Chartered Accountant, scored an impressive 705 on GMAT in just 30 days with GMATWhiz's expert guidance. In this video, he shares preparation tips and strategies that worked for him, including the mock, time management, and.....
May 0808:00 AM PDT
-08:30 AM PDT
Join the special YouTube live-stream for selecting the winners of GMAT Club MBA Scholarships sponsored by Juno live. Watch who gets these coveted MBA scholarships offered by GMAT Club and Juno.
May 0808:00 PM PDT
-09:00 PM PDT
Free- full-length test + 15 concept videos + 150+ short videos + study plan!
May 0912:30 AM EDT
-01:30 AM EDT
Struggling to find the right strategies to score a 99 %ile on GMAT Focus? Riya (GMAT 715) boosted her score by 100-points in just 15 days! Discover how the right mentorship, tailored strategies, and an unwavering mindset can transform your GMAT prep.
Updated on: 11 Dec 2021, 08:45
Originally posted by Sajjad1994 on 29 Jan 2019, 01:33.
Last edited by Sajjad1994 on 11 Dec 2021, 08:45, edited 3 times in total.
Last edited by Sajjad1994 on 11 Dec 2021, 08:45, edited 3 times in total.
Added q#3-5
Kudos
Bookmarks
Question 1
D
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:
81% (02:46) correct
19%
(02:52) wrong
based on 151
sessions
History
Date
Time
Result
Not Attempted Yet
Question 2
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:
63% (01:11) correct 37%
(01:26) wrong
based on 159
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:
5%
(low)
Question Stats:
82% (00:38) correct 18%
(00:57) wrong
based on 91
sessions
History
Date
Time
Result
Not Attempted Yet
Question 4
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:
73% (00:53) correct 27%
(01:08) wrong
based on 95
sessions
History
Date
Time
Result
Not Attempted Yet
Question 5
E
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:
84% (00:31) correct 16%
(00:43) wrong
based on 86
sessions
History
Date
Time
Result
Not Attempted Yet
The overseas Chinese number only 55 million and are politically powerless in many of the Asian lands through which they are sprinkled. Yet they are one of the world’s great economic engines, commanding resources far beyond their numbers. They are most likely to have a hand in converting China into a giant that could dominate the 21st century.
The enormous wealth of the overseas Chinese has been accumulated and is deployed through a distinctive form of social and business organization. They are held together not by law, government and public ideals; or by a concept of national solidarity, but by personal acquaintance, trust and obligation. The result has been a highly decentralized business structure based on secretive, entrepreneurial, family-owned firms that are run autocratically but cooperate smoothly and informally with each other, often across national borders.
Wary of governments and laws, the Chinese found that dialect, kinship, a common origin in a clan, a village or a county gave a sure footing of trust for a business deal conducted even at great distance. The certainty this gave and the informality it allowed shaped the loftiest transactions as well as the most humble.
The knots in this worldwide net are family-owned firms. Even in listed companies, the founding family’s control and accumulation of capital are principal aims. A system based on a multitude of owner-managed firms with intimate links to others like them has the two big advantages of fast decision-making and acute sensitivity to markets. The businesses in which the overseas Chinese have done best – trading, property, commodities, shipping, mining and timber are lines in which, even on a global scale, an instinct for the right price, time and place counts for more than complex management skills.
But despite all, however distressing China’s politics maybe, the overseas Chinese have always felt the cultural, linguistic and often familial pull of the place they came from, thus elevating the family spirit to national scale. This feeling has already borne much fruit in the form of universities, hospitals and investments provided for the mainland by overseas Chinese businessmen.
The enormous wealth of the overseas Chinese has been accumulated and is deployed through a distinctive form of social and business organization. They are held together not by law, government and public ideals; or by a concept of national solidarity, but by personal acquaintance, trust and obligation. The result has been a highly decentralized business structure based on secretive, entrepreneurial, family-owned firms that are run autocratically but cooperate smoothly and informally with each other, often across national borders.
Wary of governments and laws, the Chinese found that dialect, kinship, a common origin in a clan, a village or a county gave a sure footing of trust for a business deal conducted even at great distance. The certainty this gave and the informality it allowed shaped the loftiest transactions as well as the most humble.
The knots in this worldwide net are family-owned firms. Even in listed companies, the founding family’s control and accumulation of capital are principal aims. A system based on a multitude of owner-managed firms with intimate links to others like them has the two big advantages of fast decision-making and acute sensitivity to markets. The businesses in which the overseas Chinese have done best – trading, property, commodities, shipping, mining and timber are lines in which, even on a global scale, an instinct for the right price, time and place counts for more than complex management skills.
But despite all, however distressing China’s politics maybe, the overseas Chinese have always felt the cultural, linguistic and often familial pull of the place they came from, thus elevating the family spirit to national scale. This feeling has already borne much fruit in the form of universities, hospitals and investments provided for the mainland by overseas Chinese businessmen.
1. According to the passage which of the following is true in relation to the overseas Chinese?
(A) They are free from the bindings of law and fiscal policies.
(B) The rapidly expanding numbers of overseas Chinese are heading towards constituting a major part of the world’s population.
(C) They are disillusioned by the pathetic socio-political conditions of China and bear no affections for their nation.
(D) Despite their minority, the overseas Chinese are highly resourceful economic contrivers with the potential to influence the world in future.
(E) The Chinese when overseas prefer to establish commercial ties only with the natives of China.
(A) They are free from the bindings of law and fiscal policies.
(B) The rapidly expanding numbers of overseas Chinese are heading towards constituting a major part of the world’s population.
(C) They are disillusioned by the pathetic socio-political conditions of China and bear no affections for their nation.
(D) Despite their minority, the overseas Chinese are highly resourceful economic contrivers with the potential to influence the world in future.
(E) The Chinese when overseas prefer to establish commercial ties only with the natives of China.
2. With which of the following statements would the author of the passage above be least likely to agree?
(A) Despite their success the overseas Chinese have failed to contribute towards the distressing state of circumstances in China.
(B) The Chinese have an admirable propensity to assess the correct price, time and place for commercial activity.
(C) A system constituted chiefly by family owned firms has facilitated decision-making and responsiveness to markets for the overseas Chinese.
(D) The overseas Chinese found common vernacular and familial relationships reassuring in business conducted over great distances.
(E) The astounding wealth of the overseas Chinese has been amassed and is spread out through a credible socio-economic organization.
(A) Despite their success the overseas Chinese have failed to contribute towards the distressing state of circumstances in China.
(B) The Chinese have an admirable propensity to assess the correct price, time and place for commercial activity.
(C) A system constituted chiefly by family owned firms has facilitated decision-making and responsiveness to markets for the overseas Chinese.
(D) The overseas Chinese found common vernacular and familial relationships reassuring in business conducted over great distances.
(E) The astounding wealth of the overseas Chinese has been amassed and is spread out through a credible socio-economic organization.
3. The primary purpose of the passage is to:
(A) describe the political disabilities of the overseas Chinese in the places where they are settled.
(B) present a hypothetical scenario where the overseas Chinese could transform their nation into the towering power of the 21st century.
(C) elaborate on the deplorable political condition of China.
(D) highlight the fields in which the overseas Chinese specialize and excel.
(E) elucidate on the extraordinary form of commercial and social organization adhered to by the overseas Chinese which facilitates their enormous success.
(A) describe the political disabilities of the overseas Chinese in the places where they are settled.
(B) present a hypothetical scenario where the overseas Chinese could transform their nation into the towering power of the 21st century.
(C) elaborate on the deplorable political condition of China.
(D) highlight the fields in which the overseas Chinese specialize and excel.
(E) elucidate on the extraordinary form of commercial and social organization adhered to by the overseas Chinese which facilitates their enormous success.
4. The description of the business structure of the overseas Chinese in the second paragraph of the passage portrays it as rather:
(A) haphazard and fragmented
(B) methodical and impressive.
(C) rigid and inflexible.
(D) ordinary and unimpressive.
(E) elaborate and complex.
(A) haphazard and fragmented
(B) methodical and impressive.
(C) rigid and inflexible.
(D) ordinary and unimpressive.
(E) elaborate and complex.
5. With reference to the tone of the passage, the attitude of the author towards the overseas Chinese can be described as
(A) skeptical.
(B) condescending.
(C) detached.
(D) reproachful.
(E) awe-inspired.
(A) skeptical.
(B) condescending.
(C) detached.
(D) reproachful.
(E) awe-inspired.
Source: Crack-GMAT
OE
1. The overseas Chinese have an extremely well crafted business structure, which has made them a highly resourceful lot of people despite their minority, as suggested by the first paragraph of the passage.
Answer: D
2. The last paragraph of the passage renders this statement as untrue as it tells us that the overseas Chinese have provided facilities for their mainland by contributing towards works of public utilities like universities and hospitals.
Answer: A
3. As suggested by the second paragraph of the passage, the overseas Chinese have formed an impeccable business organization which is well distributed and thus functions efficiently even across national borders.
Answer: E
4. The author is clearly impressed by the commercial structure and organization of the overseas Chinese. There is no statement made by the author at any point which shows this organization in poor light.
Answer: B
5. The author is clearly impressed by the immense potential and extraordinary set up of the overseas Chinese.
Answer: E
1. The overseas Chinese have an extremely well crafted business structure, which has made them a highly resourceful lot of people despite their minority, as suggested by the first paragraph of the passage.
Answer: D
2. The last paragraph of the passage renders this statement as untrue as it tells us that the overseas Chinese have provided facilities for their mainland by contributing towards works of public utilities like universities and hospitals.
Answer: A
3. As suggested by the second paragraph of the passage, the overseas Chinese have formed an impeccable business organization which is well distributed and thus functions efficiently even across national borders.
Answer: E
4. The author is clearly impressed by the commercial structure and organization of the overseas Chinese. There is no statement made by the author at any point which shows this organization in poor light.
Answer: B
5. The author is clearly impressed by the immense potential and extraordinary set up of the overseas Chinese.
Answer: E
31 Jan 2019, 05:04
Kudos
Bookmarks
Archit3110
Explanation
1. According to the passage which of the following is true in relation to the overseas Chinese?
Difficulty Level: 550
Explanation
(A) They are free from the bindings of law and fiscal policies.
Never Discussed in the passage, no text leads to these circumstances so can't validate it
(B) The rapidly expanding numbers of overseas Chinese are heading towards constituting a major part of the world’s population.
Although the number of overseas chinese is mentioned but it is not compared with the world's population - it deviate from the real thing
(C) They are disillusioned by the pathetic socio-political conditions of China and bear no affections for their nation.
It is completely opposite as it mentioned in the passage that they very considers their cultural value and contribute to their mainland
(D) Despite their minority, the overseas Chinese are highly resourceful economic contrivers with the potential to influence the world in future.
It is mentioned in the first paragraph it is the correct option
(E) The Chinese when overseas prefer to establish commercial ties only with the natives of China.
No such indication in the passage - so its out
Difficulty Level: 550
Explanation
(A) They are free from the bindings of law and fiscal policies.
Never Discussed in the passage, no text leads to these circumstances so can't validate it
(B) The rapidly expanding numbers of overseas Chinese are heading towards constituting a major part of the world’s population.
Although the number of overseas chinese is mentioned but it is not compared with the world's population - it deviate from the real thing
(C) They are disillusioned by the pathetic socio-political conditions of China and bear no affections for their nation.
It is completely opposite as it mentioned in the passage that they very considers their cultural value and contribute to their mainland
(D) Despite their minority, the overseas Chinese are highly resourceful economic contrivers with the potential to influence the world in future.
It is mentioned in the first paragraph it is the correct option
Quote:
(E) The Chinese when overseas prefer to establish commercial ties only with the natives of China.
No such indication in the passage - so its out
2. With which of the following statements would the author of the passage above be least likely to agree?
Difficulty Level: 650
Explanation
What we have to find in the answer?
[*] An answer choice which is not mentioned in passage explicitly
[*] An answer choice which cannot be true/inferred from the passage
(A) Despite their success the overseas Chinese have failed to contribute towards the distressing state of circumstances in China.
This option cannot be validated as no such indication is available by the passage. It is an extreme answer. It narrows the facts to particular distressing states. Take this question as Critical reasoning Weaken question. It may weaken the passage by 1% or by 99% who cares but it must weaken. Other 4 option cannot weaken the passage even by 1%.
(B) The Chinese have an admirable propensity to assess the correct price, time and place for commercial activity.
It is mentioned in the end of second last para - Cross it
(C) A system constituted chiefly by family owned firms has facilitated decision-making and responsiveness to markets for the overseas Chinese.
It is mentioned in the start of 4th paragraph - So it is out
(D) The overseas Chinese found common vernacular and familial relationships reassuring in business conducted over great distances.
To validate this read 3rd Paragraph so auther cannot be disagree with it.
(E) The astounding wealth of the overseas Chinese has been amassed and is spread out through a credible socio-economic organization
Read last paragraph to strike it out
In 1st question we have to select what is available by the passage, in second question we have to select what is not available by the passage.
Difficulty Level: 650
Explanation
What we have to find in the answer?
[*] An answer choice which is not mentioned in passage explicitly
[*] An answer choice which cannot be true/inferred from the passage
(A) Despite their success the overseas Chinese have failed to contribute towards the distressing state of circumstances in China.
This option cannot be validated as no such indication is available by the passage. It is an extreme answer. It narrows the facts to particular distressing states. Take this question as Critical reasoning Weaken question. It may weaken the passage by 1% or by 99% who cares but it must weaken. Other 4 option cannot weaken the passage even by 1%.
(B) The Chinese have an admirable propensity to assess the correct price, time and place for commercial activity.
It is mentioned in the end of second last para - Cross it
Quote:
(C) A system constituted chiefly by family owned firms has facilitated decision-making and responsiveness to markets for the overseas Chinese.
It is mentioned in the start of 4th paragraph - So it is out
(D) The overseas Chinese found common vernacular and familial relationships reassuring in business conducted over great distances.
To validate this read 3rd Paragraph so auther cannot be disagree with it.
(E) The astounding wealth of the overseas Chinese has been amassed and is spread out through a credible socio-economic organization
Read last paragraph to strike it out
In 1st question we have to select what is available by the passage, in second question we have to select what is not available by the passage.
Hope it helps
General Discussion
Archit3110
Major Poster
31 Jan 2019, 02:16
Kudos
Bookmarks
