1. 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





Ask Your Doubts Here

Type in
(Press Ctrl+g to toggle between English and the chosen language)

Comments

  • By: guest on 02 Jun 2017 01.27 am
    The fact that the Pyramid scheme is set up by a con artist suggests that the honest people who invest have been fooled. Choices a and b are contradicted in the passage. The paragraph says that the Pyramid scheme originated in the 1920s, but does not say it had its heyday then; thus, choice d is incorrect. Choice e is a fact, but it is not mentioned in the passage.
Show Similar Question And Answers
QA->A statement followed by two assumptions I and II is given. You have to consider the statement to be true even if it seems to be at variance from commonly known facts. You are to decide which of the given assumptions can definitely be drawn from the given statement. Indicate which one of the four given alternatives is correct ? Statement : If more encouragement is given to Sports, Indians will win more gold medals at the Olympic Games. Assumptions : I. Indians do not win gold medals. II. More enc....
QA->In Kiran’s opinion, his weight is greater than 65 kg but less than 72 kg. His brother does not agree with Kiran and he thinks that Kiran’s weight is greater than 60 kg but less than 70 kg. His mother’s view is that his weight cannot be greater than 68 kg. If all are them are correct in their estimation, what is the average of different probable weights of Kiran?....
QA->R is taller than X, but shorter than Z, Q is taller than Z, Y is taller than X, but shorter than R, Who is the shortest?....
QA->‘I have been touring different parts of the world. During these travels, I have had the good fortune to come into contact with several saints and maharshis. But I have frankly to admit that I have never come across one who is spiritually greater than Swami Sree Narayana Guru of Kerala” Whose words are these?....
QA->“During my travels throughout the world, I have had the good fortune to come in contact with several saints and maharishis... But I have frankly to admit that I have never come across one who is spiritually greater than Swami Narayana Guru or a person who is at par with him in spiritual attainment.” Who paid tribute in the above words after visiting Sree Narayana Guru?....
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->Today's high school students spend too much time thinking about trivial and distracting matters such as fashion. Additionally, they often dress inappropriately on school grounds. Rather than spending time writing another detailed dress policy, we should make school uniforms mandatory. If students were required to wear uniforms, it would increase a sense of community and harmony in our schools and it would instill a sense of discipline in our students. Another positive effect would be that teachers and administrators would no longer have to act as clothing police, freeing them up to focus on more important issues. This paragraph best supports the statement that....
MCQ->Each of the seven friends viz. P,Q,R,S,T,U and V joined seven different courses viz. MBA, MBBS, Law, Engineering, Arts, Science and Commerce (None of the given information necessarily in the same order) on seven different days of the same week i.e., Monday to Sunday. Only three people joined after S. Only two people joined between S and the one who joined Law. Only three people joined between the one who joined law and the one who joined Engineering. Only one person joined between V and the one who joined Arts. V joined before the person who joined Arts. V neither joined on Tuesday nor Wednesday. V did not join Engineering. Only three people joined between V and R. P joined on the day immediately before the one who joined Commerce. Neither S nor T joined Commerce. Q joined MBBS. P did not join Science. Qs.The one who joined Science, joined in which of the following days ?....
MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. To avoid the various foolish opinions to which mankind are prone, no superhuman brain is required. A few simple rules will keep you free, not from all errors, but from silly errors. If the matter is one that can be settled by observation, make the observation yourself. Aristotle could have avoided the mistake of thinking that women have fewer teeth than men, by the simple device of asking Mrs. Aristotle to keep her mouth open while he counted. Thinking that you know when in fact you do not is a bad mistake, to which we are all prone. I believe myself that hedgehogs eat black beetles, because I have been told that they do but if I were writing a book on the habits of hedgehogs, I should not commit myself until I had seen one enjoying this diet. Aristotle, however, was less cautious. Ancient and medieval writers knew all about unicorns and salamanders not one of them thought it necessary to avoid dogmatic statements about them because he had never seen one of them. The attitude of the author is....
MCQ->Among six friends M,N,O,P,Q and R, who is the second heaviest? O is heavier than only two friends. P is heavier than Q but lighter than N. R is the heaviest. M is lighter than only two friends. N is heavier than O but lighter than R. P is heavier than only Q.....
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use | Powered By:Omega Web Solutions
© 2002-2017 Omega Education PVT LTD...Privacy | Terms And Conditions
Question ANSWER With Solution