Direction: Read the following passage and answer the THREE questions that follow.
Socrates believed that akrasia (meaning procrastination) was, strictly speaking, impossible, since we could not want what is bad for us; if we act against our own interests, it must be because we don’t know what’s right. Loewenstein, similarly, is inclined to see the procrastinator as led astray by the “visceral” rewards of the present. As the nineteenth-century Scottish economist John Rae put it, “The prospects of future good, which future years may hold on us, seem at such a moment dull and dubious, and are apt to be slighted, for objects on which the daylight is falling strongly, and showing us in all their freshness just within our grasp.” Loewenstein also suggests that our memory for the intensity of visceral rewards is deficient: when we put off preparing for that meeting by telling ourselves that we’ll do it tomorrow, we fail to take into account that tomorrow the temptation to put off work will be just as strong.
Ignorance might also affect procrastination through what the social scientist Jon Elster calls “the planning fallacy.” Elster thinks that people underestimate the time “it will take them to complete a given task, partly because they fail to take account of how long it has taken them to complete similar projects in the past and partly because they rely on smooth scenarios in which accidents or unforeseen problems never occur.”
According to the passage, in regard to time, which of the following statements gives the BEST reason for procrastination?
The passage discusses the concept of procrastination, focusing on the reasons why people delay tasks despite knowing the negative consequences. It mentions Socrates' view that ignorance, not intention, leads to procrastination due to a lack of understanding of what is truly beneficial. Additionally, it refers to Loewenstein's idea that people are often swayed by immediate rewards, failing to recognize that the urge to procrastinate will persist.
Jon Elster's "planning fallacy," cited in the passage, explains procrastination as a result of underestimating the time required to complete tasks. This underestimation happens because individuals fail to learn from past experiences and often envision ideal scenarios free from unexpected delays.
Given the context of the passage, let's evaluate the given options:
Based on this analysis, the statement “Time is underestimated for a particular task” most accurately reflects the reasoning presented in the passage regarding the influence of time perception on procrastination.
This passage highlights perspectives on procrastination. It starts with Socrates' belief that procrastination, termed 'akrasia', is not a voluntary act since we cannot desire what harms us. We only act against our interests due to ignorance of the right action. Loewenstein agrees, attributing procrastination to the appeal of immediate rewards over future ones, as noted by John Rae, who describes how future benefits appear uncertain compared to present, tangible incentives. The passage further points out Loewenstein's view that our memory for these immediate rewards is poor, causing consistent procrastination.
Furthermore, the passage explores how ignorance contributes via the "planning fallacy," as discussed by social scientist Jon Elster. He argues that people often misjudge the time needed for a task by overlooking past experiences and failing to consider potential hiccups.
Based on these insights, the statement that best encapsulates a reason for procrastination concerning time is: Time is underestimated for a particular task. This captures how individuals often downplay the required time due to inadequate consideration of previous similar tasks and unforeseen circumstances.
Read definition and all four choices carefully, and find the answer that provides the best example of the given definition. Answer the question solely on the basis of the definition given.
Definition: An informal gathering occurs when a group of people get together in a casual, relaxed manner. Which situation below is the best example of an informal gathering?
How many pairs of letters are there in the word 'LANGUISH' which have the same letters between them in the word as in the alphabet?
Light Chemicals is an industrial paint supplier with presence in three locations: Mumbai, Hyderabad and Bengaluru. The sunburst chart below shows the distribution of the number of employees of different departments of Light Chemicals. There are four departments: Finance, IT, HR and Sales. The employees are deployed in four ranks: junior, mid, senior and executive. The chart shows four levels: location, department, rank and gender (M: male, F: female). At every level, the number of employees at a location/department/rank/gender are proportional to the corresponding area of the region represented in the chart.
Due to some issues with the software, the data on junior female employees have gone missing. Notice that there are junior female employees in Mumbai HR, Sales and IT departments, Hyderabad HR department, and Bengaluru IT and Finance departments. The corresponding missing numbers are marked u, v, w, x, y and z in the diagram, respectively.
It is also known that:
a) Light Chemicals has a total of 210 junior employees.
b) Light Chemicals has a total of 146 employees in the IT department.
c) Light Chemicals has a total of 777 employees in the Hyderabad office.
d) In the Mumbai office, the number of female employees is 55.

An investment company, Win Lose, recruit's employees to trade in the share market. For newcomers, they have a one-year probation period. During this period, the employees are given Rs. 1 lakh per month to invest the way they see fit. They are evaluated at the end of every month, using the following criteria:
1. If the total loss in any span of three consecutive months exceeds Rs. 20,000, their services are terminated at the end of that 3-month period,
2. If the total loss in any span of six consecutive months exceeds Rs. 10,000, their services are terminated at the end of that 6-month period.
Further, at the end of the 12-month probation period, if there are losses on their overall investment, their services are terminated.
Ratan, Shri, Tamal and Upanshu started working for Win Lose in January. Ratan was terminated after 4 months, Shri was terminated after 7 months, Tamal was terminated after 10 months, while Upanshu was not terminated even after 12 months. The table below, partially, lists their monthly profits (in Rs. ‘000’) over the 12-month period, where x, y and z are masked information.
Note:
• A negative profit value indicates a loss.
• The value in any cell is an integer.
Illustration: As Upanshu is continuing after March, that means his total profit during January-March (2z +2z +0) ≥
Rs.20,000. Similarly, as he is continuing after June, his total profit during January − June ≥
Rs.10,000, as well as his total profit during April-June ≥ Rs.10,000.
Business schools’ (B schools) curriculums are filled with group assignments and case competitions. Even when students have just joined the B schools, corporate houses try 38 to catch good talent early by promising them internships based on case competitions. These competitions involve solving the problems presented by the organizations, analyzing the challenges they currently face, and presenting solutions in a manner that convinces the organizations’ representatives.
For students who are just joining a B school, the capability to actually solve such problems is quite limited. Because of that, the corporate houses generally are more focused on the presentations made by groups. Hence, the groups that communicate better, most often, win these competitions.
Abirami joins MBS, a B school. As a fresher, she believes she needs to learn a lot about how organizations work and wants to work with others who have joined MBS and have work experience.