Hi Tridhipal,
Based on what you describe about the amount of time that you're spending on certain Verbal questions, "your way" of approaching the Verbal section is inefficient overall. To speed up - AND score at a higher level - you're going to have to change the way you 'see' (and respond to) the Verbal section. Before I can offer you the specific advice that you’re looking for, it would help if you could provide a bit more information on how you've been studying and your goals:
Studies:
1) How long have you studied?
2) What study materials have you used so far?
3) How have you scored on EACH of your CATs (including the Quant and Verbal Scaled Scores for EACH)?
4) What 'steps' do you go through when dealing with a typical SC, RC or CR prompt?
Goals:
5) What is your goal score?
6) When are you planning to take the GMAT?
7) When are you planning to apply to Business School?
8) What Schools are you planning to apply to?
GMAT assassins aren't born, they're made,
Rich