Question

Q. 1 Read the passage given below and answer the questions that follow:(10)

At the part time MBA program I attended through the University, the

conversation often drifted towards new business ideas. A mobile app to schedule

text messages in the future. (Composed your best friend's happy birthday text the

day before.) The social network that doesn’t sell your personal information or

display any ads. (Business model innovation: monthly subscription fee.) Similar

conversation played out at lots of business school. With all the discussion of start-

ups and new businesses, it would seem that millennials are living the dream of

entrepreneurship.

But it seems more often than not these days, the start-up ideas fail to take

off. When I check on my peers' start-up proposals after a week, I often find that

their ideas have been abandoned, and that my classmates are focussed on their

steady corporate jobs. Research suggests entrepreneurial activity has declined

among millennials. The share of people Under 30 who own a business has fallen

two almost a quarter century low, According to a 2015 Wall Street Journal analysisof Federal reserve data. A survey of 1200 millennials conducted in 2016 by the

Economic Innovation. Group found that more millennials believed they could have

a successful career by staying at one company. Millennials are on track to be the

least entrepreneurial generation in recent history.

Some of the reasons have been well documented. The Romantic view of

entrepreneurship Involves Angel investors and venture capital funds but in fact, the

ordinary entrepreneurship is more likely to fund a start-up using personal saving.

Funding from friends and family is the next most common source but this personal

network could not help during the most recent economic downturn. Lately, though

it seems that even those who might typically have access to other forms of funding

are having a hard time getting investors' attention. There’s more competition from

abroad too.

When my classmates tell me about their start up ideas, we sometimes also talk

about what’s holding them back whether it’s student-laon payment, or the feeling

of playing an impossible game of catch up since the great Recession, we often

understand each other’s problems. Some entrepreneurs might argue that these

shared generational experiences and the accompanying sense of solidarity will

inspire millennials to help one another’s business ventures.

On the basis of your understanding of the passage, answer ANY TEN questions from

the twelve that follow:

I. Which of the following has/have contributed to the decline in startup

activity as discussed in the passage?

1) Falling interest in startups.

2) Lack of funds

a. Only 2

b. Only 1

c. Both 1 and 2

d. None

II. Which of following words can replace the word ‘sense’ as used in the

passage 4?

a. Intelligence

b. Feeling

c. Understandd. Reason

III. Which of the following can be said based on para 1?

1) Millennial students are keen on entrepreneurship.

2) Most millennials opt for MBA degree.

3) Social media is the most common means of communication

among millennials.

a. Only 2

b. Only 1and 3

c. All

d. Only 1 and 2

IV. Which of the following words is the opposite of the word ‘declined' as

used in the passage 2?

a. Refused

b. Accepted

c. Praised

d. Grown

V. Which of the following can be said about the entrepreneurship in the

context of the passage?

a. Millennials are not keen to become entrepreneurs.

b. There are risks to setting up a startup.

c. Both a and b

d. None of the above

VI. Which of the following is antonym of the word ‘abandoned’?

a. Deserted

b. Rejected

c. Dumped

d. Impulsive

VII. What will inspire millennials to support each other?

a. Student-loan payment

b. Feeling of playing an important game of catch up

c. Shared generational experience and accompanying sense of

solidarity

d. None of the above

VIII. Which of the following words is the Opposite of the word ‘common’?

(Para3)a. Valuable

b. Rare

c. Original

d. Normal

IX. Which of the following describe the style of the passage?

a. Humorous

b. Mocking

c. Narrative

d. Sarcastic

X. Which of the following words can replace the word ‘staying’as used in the

passage 2?

a. Boarding on

b. Living at

c. Establishing oneself

d. Inhabiting

XI. There is more competition from -------- too.

a. Abroad

b. Competitors

c. Friends

d. None​​

Answer 1

Answer:

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