Para Jumble - Origin of Modern Finance
CAT 2005 Slot 1 · Verbal Ability & Reading Comprehension · Medium · VARC
This is a medium Verbal Ability & Reading Comprehension question from the CAT 2005 Slot 1 paper. It tests VARC. The full answer key and a step-by-step explanation are below — try it yourself first, then reveal the solution.
The sentences given below, when properly sequenced, form a coherent paragraph. Choose the most logical order of sentences from among the given choices.
A. This is now orthodoxy to which I subscribe – up to a point. B. It emerged from the mathematics of chance and statistics. C. Therefore the risk is measurable and manageable. D. The fundamental concept: Prices are not predictable, but the mathematical laws of chance can describe their fluctuations. E. This is how what business schools now call modern finance was born.
- A.
ADCBE
- B.
EBDCA
- C.
ABDCE
- D.
DCBEA
B
Explanation
E introduces modern finance. B explains 'It emerged from mathematics...'. D defines the fundamental concept. C follows logically ('Therefore the risk is measurable...'). A concludes with the author's stance on this orthodoxy. Sequence: EBDCA.
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