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1. Utopian scheme
Answer: A visionary scheme
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MCQ->Originating in the 1920s, the Pyramid scheme is one of the oldest con games going. Honest people are often pulled in, thinking the scheme is a legitimate investment enterprise. The first customer to "fall for" the Pyramid scheme will actually make big money and will therefore persuade friends and relatives to join also. The chain then continues with the con artist who originated the scheme pocketing, rather than investing, the money. Finally, the pyramid collapses, but by that time, the scam artist will usually have moved out of town, leaving no forwarding address. This paragraph best supports the statement that...
MCQ->That is ......... utopian idea.?...
MCQ->Statement: Should colleges be given the status of a university in India? Arguments: Yes. Colleges are in a better position to assess the student's performance and therefore the degrees will be more valid. No. It is Utopian to think that there will not be nepotism and corruption in awarding degrees by colleges. ...
MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. A classless society, however, does not mean a society without leaders. It means rather one in which every citizen becomes for the first time eligible for leadership, if he has the power to lead. It means a society in which every one is given, as far as possible, the chance to develop this power by the widest diffusion of educational opportunities in the broadest sense, and by keeping the career wide open to talents of every useful kind. It is often said that a community of equals will not allow itself to be led. But in fact, most men are, in most things, very willing to be led, and more in danger of giving their leaders too much than too little authority, especially if they are free to choose them, and assured that the leaders cannot exploit them for personal economic advantage leadership, so far from disappearing, will come into its own in a truly democratic society. But it is likely to be a more diffused leadership than we are used to for a better-nurtured people will have more citizens with strong wills and minds of their own, wishful to lead some in politics, some in industry, and some in professions and arts of life. This is the idea of a classless society. Some will reject it as contrary to their interest, some as utopian and against 'Human nature,' for there are some who deny, indeed if not in word, that the aim of society should be to promote the greatest happiness and welfare of the greatest number and others who hold, with pessimistic honesty, that most men must be driven and not led. What is the tone adopted by the author in this passage?...
MCQ->The respective ratio of the sums invested for 2 years each, in Scheme A offering 20% p.a. compound interest (compounded annually) and in Scheme B offering 9% p.a. simple interest is 1 : 3. Difference between the interests earned from both the schemes is INR 1200/- . How much was invested in Scheme A...
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