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Russian ruble

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by rockeyb » Sat May 01, 2010 3:58 am
Privatization of the large state enterprises that comprise the industrial sector in Russia is proceeding slowly , due to competition claims of ownership by various groups. Continued government subsidization of these enterprises creates large deficits, which drive up the inflation rate and causes the ruble's value to decline . It is therefore unlikely that the government will make the ruble freely convertible to western currencies until the question of ownership of state enterprise has been resolved.

If the authors prediction concerning the ruble is accurate , which of the following conclusions can most reliably be drawn ?

(A)The industrial sector accounts for nearly 50% of Russia's economic activity .

(B) Making the Russian ruble freely convertible to western currencies will cause the ruble's value to decline.

(C) The Russian government can indefinitely withstand the expense of subsidiary state.

(D) The Russian government is among the groups calming ownership of certain enterprise .

(E) The Russian government is under pressure from West to make the ruble freely convertible to Western currencies .

Source : kaplan.
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by iamseer » Sat May 01, 2010 4:32 am
IMO B - Only reason I choose this is b'cos this one is less worse than all the others and is at least fitting the "something missing" gap.

Privatization is slow b'cos of some issues. Until then Govt has to subsidize which creates deficit, which drives up inflation and causes rubble to decline. "something missing" And then the author jumps to a "totally new idea" conclusion: Govt is unlikely to allow free conversion of ruble to western currencies until the issue is resolved.

If you agree that this questions lacks merit, count me in too.

They have stated some premises. Skipped something, most probably one of the premise. Then stated a conclusion. And now the question is asking what conclusion can be reliably be drawn.

It would be much better Question had it been:

Privatization of the large state enterprises that comprise the industrial sector in Russia is proceeding slowly , due to competition claims of ownership by various groups. Continued government subsidization of these enterprises creates large deficits, which drive up the inflation rate and causes the ruble's value to decline . It is unlikely that the government will make the ruble freely convertible to western currencies until the question of ownership of state enterprise has been resolved.

Which of the following best supports the argument?
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by Shawshank » Sat May 01, 2010 6:59 am
rockeyb wrote:Privatization of the large state enterprises that comprise the industrial sector in Russia is proceeding slowly , due to competition claims of ownership by various groups. Continued government subsidization of these enterprises creates large deficits, which drive up the inflation rate and causes the ruble's value to decline . It is therefore unlikely that the government will make the ruble freely convertible to western currencies until the question of ownership of state enterprise has been resolved.

If the authors prediction concerning the ruble is accurate , which of the following conclusions can most reliably be drawn ?

(A)The industrial sector accounts for nearly 50% of Russia's economic activity .

(B) Making the Russian ruble freely convertible to western currencies will cause the ruble's value to decline.

(C) The Russian government can indefinitely withstand the expense of subsidiary state.

(D) The Russian government is among the groups calming ownership of certain enterprise .

(E) The Russian government is under pressure from West to make the ruble freely convertible to Western currencies .

Source : kaplan.
Was confused betwn "B" and "C".. but "C" looks extereme..
IMO -- B
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by paddle_sweep » Sat May 01, 2010 10:42 am
IMO it's[spoiler] 'C'.[/spoiler] Please post the OA with explanation.
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by kaushals » Sat May 01, 2010 11:11 am
IMO C
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by gsinghal » Sat May 01, 2010 1:01 pm
IMO should be B....C looks extreme...
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by rockeyb » Sat May 01, 2010 7:44 pm
Guys , Thank you every one for your replies . But simply posting IMO and asking for explanation neither helps me nor any one else who is reading this post .

If you can put in the details as to what you think of each option will help me and others understand how to eliminate wrong options . So please do share your knowledge with us.

Thanks .
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by liferocks » Sat May 01, 2010 9:34 pm
I am getting C by POE

1. No evidence.
2. This is the situation Russian gov wants to avoid..so when the ruble will be freely convertible to western currencies value of ruble might not fall but as per the option this is always true ..eliminated
3. only choice left after elimination
4. out of context
5. No evidence.
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by rockeyb » Sat May 01, 2010 10:13 pm
liferocks wrote:I am getting C by POE

1. No evidence.
2. This is the situation Russian gov wants to avoid..so when the ruble will be freely convertible to western currencies value of ruble might not fall but as per the option this is always true ..eliminated
3. only choice left after elimination
4. out of context
5. No evidence.
Buddy you did the same mistake as I , C is not the correct answer.
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by reply2spg » Sun May 02, 2010 5:21 am
This is must be true type of question and answer is in passage.
rockeyb wrote:Privatization of the large state enterprises that comprise the industrial sector in Russia is proceeding slowly , due to competition claims of ownership by various groups. Continued government subsidization of these enterprises creates large deficits, which drive up the inflation rate and causes the ruble's value to decline . It is therefore unlikely that the government will make the ruble freely convertible to western currencies until the question of ownership of state enterprise has been resolved.

If the authors prediction concerning the ruble is accurate , which of the following conclusions can most reliably be drawn ?

(A)The industrial sector accounts for nearly 50% of Russia's economic activity . - Incorrect - This is incorrect because it is not giving us any figure. May be industrial sector accounts for 60% or 20%, you never know.

(B) Making the Russian ruble freely convertible to western currencies will cause the ruble's value to decline. - correct - this is with the passage

(C) The Russian government can indefinitely withstand the expense of subsidiary state. Incorrect - 'indefinitely' is very extreme word, which is not mentioned in the passage.

(D) The Russian government is among the groups calming ownership of certain enterprise . - Incorrect - I was leaning towards this option. But this is not a good option

(E) The Russian government is under pressure from West to make the ruble freely convertible to Western currencies. Incorrect - this is not mentioned in the passage.

Source : kaplan.
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by rockeyb » Sun May 02, 2010 5:28 am
reply2spg wrote: (B) Making the Russian ruble freely convertible to western currencies will cause the ruble's value to decline. - correct - this is with the passage
I agree its a must be true question . So we should be able to verify the answer from the facts given in the passage right ?

Well I dont see option written any where in the passage , can you help ?
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