Hi Karthik,
While certain RC passages can be longer or involve more difficult content, the 'process' for dealing with RC does not change. You have to read 'actively' and take the proper notes - and certain questions will require that you go back to 'hunt down' information in the prompt. You do NOT need to be a 'fast reader' and you do NOT need to understand every word that you read though.
Since you're interested in knowing how other Test Takers might handle this prompt, it would help to know how YOU handled it the first time you read it - as well as how you've been studying overall and your goals:
Studies:
1) How long have you studied?
2) What study materials have you used so far? What materials/Tactics have you used to train for RC?
3) How have you scored on EACH of your CATs (including the Quant and Verbal Scaled Scores for EACH)?
Goals:
4) What is your goal score?
5) When are you planning to take the GMAT?
6) When are you planning to apply to Business School?
7) What Schools are you planning to apply to?
GMAT assassins aren't born, they're made,
Rich