Monthly Archives: June 2011

GMAT Exercise

Quest. 1. Critical Reasoning

In the India, of the people who moved from one state to another when they retired, the percentage who retired to Delhi has decreased by three percentage points over the past ten years. Since many local businesses in delhi cater to retirees, this decline is likely to have a noticeably negative economic effect on these businesses.

Which of the following, if true, most seriously weakens the argument?

A. Delhi attracts more people who move from one state to another when they retire than does any other state.

B. The number of people who move out of Delhi to accept employment in other states has increased over the past ten years.

C. There are far more local businesses in delhithat cater to tourists than there are local businesses that cater to retirees.

D. The total number of people who retired and moved to another state for their retirement has increased significantly over the past ten years.

E. The number of people who left delhiwhen they retired to live in another state was greater last year than it was ten years ago.

Answer to 1.

The question is asking for an answer choice that weakens the author’s conclusion that the decline in the percentage of retirees moving to delhi will have a negative economic effect on businesses that cater to retirees. The author arrived at such a conclusion because of his assumption that a decline in percentage points should be interpreted as a decline in actual number of retirees. The author is implicitly making an assumption that the number of retirees did not change during this period. However, the passage does not give any information on the change in the number of retirees over the past ten years. The answer choice that weakens the author’s conclusion will be one that tests author’s assumptions.

Therefore, the correct answer is (D) that the total number of retirees increased significantly, which means that although retirees moving to delhi declined percentage wise, the actual number of retirees could be higher than ten years ago. And since there are more retirees moving to delhi, businesses catering to them will not be negatively affected.

Quest 2. Sentence Correction: correct the underlined part

Native UK burial sites dating back 5,000 years indicate that the residents of at that time were part of a widespread culture of Algonquian-speaking people.

(a) were part of a widespread culture of Algonquian-speaking people

(b) had been part of a widespread culture of people who were Algonquian-speaking

(c) were people who were part of a widespread culture that was Algonquian-speaking

(d) had been people who were part of a widespread culture that was Algonquian-speaking

(e) were a people which had been part of a widespread, Algonquian-speaking culture

Answer to 2.

1) Because the main clause is using the verb (indicate) of present tense, the verb (had been) of past perfect tense can’t be used in the subordinate clause.

2) Connected with the subject “the residents,” the additional expression “people” cause redundancy.
3) In terms of a logical meaning, the adjective phrase “Algonquian-speaking” should modify “people,” not “culture.”

Quest 3. Problem Solving

At a certain food stand, the price of each Orange is $40 and the price of each orange is $60. Mary selects a total of 10 Oranges and oranges from the food stand, and the average (arithmetic mean) price of the 10 pieces of fruit is $56. How many oranges must Mary put back so that the average price of the pieces of fruit that she keeps is $52?

A. 1 B. 2 C. 3 D. 4 E. 5

Answer to 3.

Let the number of Oranges=x, the number oforanges=y: 40x+60y=560, x+y=10 > x=2, y=8, But since Mary must put back oranges (z)

40*2+60*(8-z)=52*(10-z), z=5, therefore the correct answer is E.

Quest 4. Data Sufficiency

Professor einstien gave a quiz to two classes. Was the range of scores for the first class equal to the range of scores for the second class?

(1) In each class, the number of students taking the quiz was 26, and the lowest score in each class was 70.

(2) In each class, the average (arithmetic mean) score on the quiz was 85.

A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.

B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.

C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.

D. EACH statement ALONE is sufficient.

E. Statements (1) and (2) TOGETHER are NOT sufficient.

Answer to 4.
Because range = Max – min and the number of sets is 2 and the number of variables is 4, therefore the correct answer is E.

Computer science marks for enggineering eligibility

The All India Council for Technical Education (AICTE) has came under pressure from several states to change eligibility criteria for engineering courses: it has agreed to consider computer science and electronics as qualifying subjects along with the existing ones.

The apex regulator, however, has turned down the request to reduce eligibility criteria for general category students from the revised 50% marks (45% in case of SC/ST candidates) in qualifying subjects for admission to engineering courses. AICTE had enhanced eligibility criteria by 5% for general category students from this year.

Higher education minister V S Acharya may meet HRD minister Kapil Sibal in New Delhi on Tuesday to push for reduction in eligibility criteria for 2011-12.

GMAT test dates

The GMAT is given year round during working days. You can take the test at any time.

Admission deadlines for graduate management programs vary, so check with the schools you’re interested in attending to make sure your GMAT exam appointment is early enough to allow your scores to be reported before the schools’ application deadline. Available time slots at test centers change continuously based on capacity and ongoing registration. You will find out which times are available at your chosen test center when you register.

Schedule your appointment early, so scores can be reported before your application deadline.

London Business School (LBS)

London Business School (LBS) is an international business school and a constituent college of the University of London, located in central London, beside Regent’s Park. LBS teaches postgraduate programmes in finance and management, in addition to its flagship Master of Business Administration (MBA and EMBA) program, it also offers the Sloan Fellowship Program for experienced business executives, a Masters in Finance (also known as MiF, a finance specialist programme), a Masters in Management for students with less than a year’s work experience, a PhD, as well as non-masters programmes for business executives.

It was established in 1964, after the Franks Report recommended the establishment of two business schools, as part of existing universities (London Business School and Manchester Business School), but with considerable autonomy. It has close collaborations with the nearby University College London and the Modern Language Centre at King’s College London. In December 2006 launched its operations in Dubai, which include an executive MBA degree and Executive Education programmes.

LBS is often ranked among the top business schools in Europe, and among the top 10 business schools in the world. In 2011, London Business School was ranked number one in the world for its MBA programme by the Financial Times for the third year in a row. In 2009 the school shared this ranking with The Wharton School of the University of Pennsylvania. The school’s admissions process is highly selective, making it one of the most competitive business schools in the world. A high GPA, high GMAT score, and strong non-quantitative credentials are typically prerequisites to admission. Successful applicants for the full-time MBA have an average GMAT score of 701.

Over 1,000 degree students from 130 countries graduate from the School each year. A further 3,000-plus executives attend the School executive education programmes each year. The School has over 28,000 alumni in more than 120 countries, organised through 65-plus alumni clubs.

London Business School holds the European Foundation for Management Development Equis accreditation as well as that of the AACSB. The MBA and Sloan Fellowship MSc programmes are accredited through AMBA.

Full-time MBA

The school’s flagship is its 15-21 month Master of Business Administration degree. MBA students take a prescribed set of core courses, then choose electives from a choice of 70.

Class size has been around 400 students in every annual cohort, with a total of 800 students on the 15-21 month MBA. These are broken into five streams of around 80 students which undertake all core courses together.

The school is proud of the diversity of the student body and the 2008 intake – graduating in 2010 – consisted of 320 students from 60 nations with 25 per cent female and only 9 per cent from the UK (20 per cent from North America).

Beyond academic teaching, the school puts an emphasis on personal development, particularly in terms of leadership and global awareness, thanks to specific workshops led by external consultants.

In addition to a range of elective courses at the London Business School, the school has a very wide network of around 32 exchange schools around the world. Each academic year around 100 London Business School students spend a term at another leading business school.

London Business School’s diverse graduates come from 130 different countries and from a wide range of professional backgrounds. After the completion of the MBA programme, graduates accept top positions with major recruiters across Industry, Finance and Consulting sectors all around the world.

Top Recruiters

Finance – Goldman Sachs, J.P. Morgan, UBS, Morgan Stanley, Credit Suisse, BNP Paribas, Barclays, Deutsche Bank.
Consulting – McKinsey & Company, The Boston Consulting Group, Booz & Company, Bain & Company.
Industry – Google, American Express, BT, Shell, Johnson & Johnson, Pepsico, BP.

MBA rankings

1st in the Global MBA rankings by the Financial Times(2009, 2010, 2011).
2nd in the European ranking by the QS Global 200 Business Schools Report (2010).
5th in the international ranking by BusinessWeek (2010).
1st in the international (non-US) ranking by Forbes (2009)
2nd in the latest Best Global MBAs 2011 ranking by CNN Expansion (2011)
19th in the rankings by the Economist (2010)
3rd in the international ranking by The Wall Street Journal (2007)
2nd in the best business schools ranking by America Economia (2010)

CAT enrolment rise expected this year

In 2008, around 276,000 aspirants appeared for CAT. This fell to 240,000 in 2009, further coming down to 206,000 in 2010.

IIMs say they expect to see a growth this year in the number of aspirants. The third computer-based edition of the yearly test, conducted by the IIMs through partner Prometric, is expected is to witness a 10 per cent rise in applications this year.

Expectations of such a rise in applications may also be due to an almost glitch-free CAT last year, after a bumpy start in 2009, when IIMs and Prometric had to conduct the CAT in two phases, after thousands of candidates suffered technical glitches at several centres. Prometric also discontinued its partnership with NIIT after the first stint and moved on to a tie-up with MeritTrac and Everonn.

In terms of expansion, the CAT Committee is looking to create a buffer of 10-15 per cent in terms of test centres this year.

According to Moorthy, a few more centres may be set up, depending on the requirement. Moreover, apart from the 180-odd, non-IIM B-schools being part of CAT, IIMs may be adding a few more.