Reading Comprehension
Reading Comprehension: English Reading Comprehension Exercises with Answers, Sample Passages for Reading Comprehension Test for GRE, CAT, IELTS preparation
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English Reading Comprehension Test Questions and Answers. Improve your ability to read and comprehend English Passages
Q351. > Economist, ethicists and business experts persuade us that honesty is
> the best policy, but their evidence is weak. We hoped to find data
> that would support their theories and thus, perhaps, encourage higher
> standards of business behaviour. To our surprise, their pet theories
> failed to stand up. Treachery, we found, can pay. There is no
> compelling economic reason to tell the truth or keep one’s word.
> Punishment for the treacherous in the real world is neither swift nor
> sure.
>
>
> Honesty is, in fact, primarily a moral choice. Business people do
> tell themselves that, in the long run, they will do well by doing
> good. But there is little factual or logical basis for this
> conviction. Without values, without a basic preference of right over
> wrong, trust based on such delusion would crumble in the face of
> temptation. Most of us choose virtue because we want to believe in
> ourselves and because others respect and believe us.
> And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they
> have to be. Materially, too, trust based on morality provides great
> advantages. It allows us to join in great and exciting enterprises
> that we could never undertake if we relied on economic incentives
> alone.
> Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your
> victim is apt to seek revenge and others are likely to stop doing
> business with you, at least under favourable terms. A man or woman
> with a reputation for fair dealing will prosper. Therefore, profit
> maximisers are honest. This sounds plausible enough until you look for
> concrete examples. Cases that apparently demonstrate the awful
> consequences of trust turn out to be few and weak, while evidence that
> treachery can pay seems compelling.
Why are businessmen, according to the author, honest in their dealings?
- Businessmen are God-fearing
- Businessmen choose to be honest
- Businessmen are honest by nature
- All businessmen are caught if they are dishonest
- Businessmen are careless
Solution : Businessmen choose to be honest
Q352. > Economist, ethicists and business experts persuade us that honesty is
> the best policy, but their evidence is weak. We hoped to find data
> that would support their theories and thus, perhaps, encourage higher
> standards of business behaviour. To our surprise, their pet theories
> failed to stand up. Treachery, we found, can pay. There is no
> compelling economic reason to tell the truth or keep one’s word.
> Punishment for the treacherous in the real world is neither swift nor
> sure.
> Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing
> good. But there is little factual or logical basis for this
> conviction. Without values, without a basic preference of right over
> wrong, trust based on such delusion would crumble in the face of
> temptation. Most of us choose virtue because we want to believe in
> ourselves and because others respect and believe us.
> And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they
> have to be. Materially, too, trust based on morality provides great
> advantages. It allows us to join in great and exciting enterprises
> that we could never undertake if we relied on economic incentives
> alone.
> Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your
> victim is apt to seek revenge and others are likely to stop doing
> business with you, at least under favourable terms. A man or woman
> with a reputation for fair dealing will prosper. Therefore, profit
> maximisers are honest. This sounds plausible enough until you look for
> concrete examples. Cases that apparently demonstrate the awful
> consequences of trust turn out to be few and weak, while evidence that
> treachery can pay seems compelling.
According to the author, which of the following, is the reason for being honest in business?
- It gives no immediate benefits
- It gives no long-term benefits
- It makes a person self-seeking
- It is harmful for competitors in long run
- None of the above
Solution : None of the above
Q353. > Economist, ethicists and business experts persuade us that honesty is
> the best policy, but their evidence is weak. We hoped to find data
> that would support their theories and thus, perhaps, encourage higher
> standards of business behaviour. To our surprise, their pet theories
> failed to stand up. Treachery, we found, can pay. There is no
> compelling economic reason to tell the truth or keep one’s word.
> Punishment for the treacherous in the real world is neither swift nor
> sure.
> Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing
> good. But there is little factual or logical basis for this
> conviction. Without values, without a basic preference of right over
> wrong, trust based on such delusion would crumble in the face of
> temptation. Most of us choose virtue because we want to believe in
> ourselves and because others respect and believe us.
> And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they
> have to be. Materially, too, trust based on morality provides great
> advantages. It allows us to join in great and exciting enterprises
> that we could never undertake if we relied on economic incentives
> alone.
> Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your
> victim is apt to seek revenge and others are likely to stop doing
> business with you, at least under favourable terms. A man or woman
> with a reputation for fair dealing will prosper. Therefore, profit
> maximisers are honest. This sounds plausible enough until you look for
> concrete examples. Cases that apparently demonstrate the awful
> consequences of trust turn out to be few and weak, while evidence that
> treachery can pay seems compelling.
Why does the author say that one can be proud of the present situation?
- People are self-respecting
- People are respect seekers
- People are unselfish
- People are honest without compulsion
- People are sensitive towards market
Solution : People are honest without compulsion
Q354. > Economist, ethicists and business experts persuade us that honesty is
> the best policy, but their evidence is weak. We hoped to find data
> that would support their theories and thus, perhaps, encourage higher
> standards of business behaviour. To our surprise, their pet theories
> failed to stand up. Treachery, we found, can pay. There is no
> compelling economic reason to tell the truth or keep one’s word.
> Punishment for the treacherous in the real world is neither swift nor
> sure.
> Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing
> good. But there is little factual or logical basis for this
> conviction. Without values, without a basic preference of right over
> wrong, trust based on such delusion would crumble in the face of
> temptation. Most of us choose virtue because we want to believe in
> ourselves and because others respect and believe us.
> And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they
> have to be. Materially, too, trust based on morality provides great
> advantages. It allows us to join in great and exciting enterprises
> that we could never undertake if we relied on economic incentives
> alone.
> Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your
> victim is apt to seek revenge and others are likely to stop doing
> business with you, at least under favourable terms. A man or woman
> with a reputation for fair dealing will prosper. Therefore, profit
> maximisers are honest. This sounds plausible enough until you look for
> concrete examples. Cases that apparently demonstrate the awful
> consequences of trust turn out to be few and weak, while evidence that
> treachery can pay seems compelling.
What is the material advantage which the author sees is being honest?
- It permits one to undertake activities which may not be economically attractive
- It permits one to be honest for the sake of honesty alone
- It permits one to be make a lot of profit in various areas
- It permits one to form various trusts to make profits
- It permits one to gain value in personal life
Solution : It permits one to be make a lot of profit in various areas
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Q355. > Economist, ethicists and business experts persuade us that honesty is
> the best policy, but their evidence is weak. We hoped to find data
> that would support their theories and thus, perhaps, encourage higher
> standards of business behaviour. To our surprise, their pet theories
> failed to stand up. Treachery, we found, can pay. There is no
> compelling economic reason to tell the truth or keep one’s word.
> Punishment for the treacherous in the real world is neither swift nor
> sure.
> Honesty is, in fact, primarily a moral choice. Business people do tell themselves that, in the long run, they will do well by doing
> good. But there is little factual or logical basis for this
> conviction. Without values, without a basic preference of right over
> wrong, trust based on such delusion would crumble in the face of
> temptation. Most of us choose virtue because we want to believe in
> ourselves and because others respect and believe us.
> And due to this, we should be happy. We can be proud of a system in which people are honest because they want to be, not because they
> have to be. Materially, too, trust based on morality provides great
> advantages. It allows us to join in great and exciting enterprises
> that we could never undertake if we relied on economic incentives
> alone.
> Economists tell us that trust is enforced in the market place through retaliation and reputation. If you violate a trust, your
> victim is apt to seek revenge and others are likely to stop doing
> business with you, at least under favourable terms. A man or woman
> with a reputation for fair dealing will prosper. Therefore, profit
> maximisers are honest. This sounds plausible enough until you look for
> concrete examples. Cases that apparently demonstrate the awful
> consequences of trust turn out to be few and weak, while evidence that
> treachery can pay seems compelling.
Why do businessmen, according to economists, remain honest?
- Dishonest businessmen can make more money
- Dishonest businessmen make money in the long run
- Dishonest businessmen cannot stay in business for long
- Dishonest businessmen are flogged in the market place
- Dishonest businessmen have the decisive power in the market
Solution : Dishonest businessmen cannot stay in business for long
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Solution :
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