rhyme
I honestly don't know. A 700 is a great score. A 33 verbal is 69%, a little low I think. I would say it depends on a few things...
Are you looking at english speaking schools?
Are you taking the TOEFL?
Are you looking to go into a math-intensive school (i.e. Chicago, MIT) or a more "soft skills" school - Harvard, Kellogg?
Of course, I'm considering english speaking schools, especially US schools.
Also, I took TOEFL, 283 (L29, S26, R30, AWA4.5)
As for the last question, I have yet to spend more time on school selection.
I have little idea about characteristics of each school, because I cocentrated on GMAT so far.