Hi vinay1983,
If you're talking about a question that is this wordy and this layered, then you're not likely to see many (you probably won't see anything like this particular prompt on Test Day).
However, this is also a Roman Numeral question, which you probably will see 1 of in the Quant section (there are also some rare Reading Comp questions that involve Roman Numerals). These types of questions are designed to take longer than average to solve, so don't be surprised if you need to spend 2-3 minutes to solve these prompts.
GMAT assassins aren't born, they're made,
Rich