Comprehension


Direction: A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives.
PASSAGE
Of the many changes that have taken place thanks to liberalisation, a major one is that today’s youngsters are earning more than ever before. In some cases, they draw even fatter salaries than their parents. But are they blowing it up or sensibly saving it? Though some tend to splurge there are many who have started saving. Some of them go in for mutual funds and tax saving bonds. Some even go in for investments which give them tax breaks–insurance, home loans, mutual fund savings schemes. In fact the average age of a person taking a housing loan has come down from 41 to 28 in the last five years. Now, where do they get their investment advice from? Some feel its a combination of friends, family, broker–advisors, the media and the net.

  1. Which of the following is true’?









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    A few youngsters spend more while some save

    Correct Option: D

    A few youngsters spend more while some save


  1. Which of the following is ‘False’? The investments that give people tax breaks are :









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    Purchasing jewellery

    Correct Option: D

    Purchasing jewellery



  1. The average age of a person taking housing loan has come down because he :









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    Gets fat salaries even at a young age.

    Correct Option: A

    Gets fat salaries even at a young age.


  1. ‘Blowing it up’ means :









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    Spending extravagantly

    Correct Option: A

    Spending extravagantly



  1. Liberalisation has enabled our youngsters to :









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    Be paid more

    Correct Option: A

    Be paid more