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1. Passage Reading 2. Verbal Logic 3. Non Verbal Logic 4. Numerical Logic 5. Data Interpretation 6. Reasoning 7. Analytical Ability 8. Quantitative Aptitude

Reasoning
The price of a barrel of oil, which fell from around $147 in July 2008 to just $36 in December 2008, has shown an increase in recent months to around $60 a barrel in May 2009. The oil ministers of Saudi Arabia and Iran believe that, as the world recovers from the global recession, the price of oil will increase further and there may be another price shock ahead similar to that of last year. To prevent this happening experts agree that now is the time to invest in exploration and the development of new fields. However, the opposite is happening. The number of drilling rigs in use around the world fell by 32% in the year to April, and big companies such as Shell and BP have delayed expansion plans and cut staff. Oil-rich states, such as Saudi Arabia (whose king thinks $75 a barrel is a fair price), are happy to see the price rise again to increase their revenue.

231. The price of a barrel of oil more than halved between July 2008 and May 2009

(a) True
(b) False
(c) Cannot say
(d)

232. To prevent oil prices spiralling again to new heights, experts agree that oil companies need to reduce investment in exploration and the development of new fields

(a) True
(b) False
(c) Cannot say
(d)

233. A fair price for a barrel of oil is $75

(a) True
(b) False
(c) Cannot say
(d)

TOTAL

Detailed Solution




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