Directions: Answer the given question based on the following passage: With the…
2025
Directions: Answer the given question based on the following passage:
With the whole world having converged into one market—the barriers, of whatever kind they may be, cannot persist for long. They must make way for the natural market forces. It is these forces that will determine what will sell and what will not. It is these forces that will produce what consumers would want to consume. Only those who can read these forces will survive in the market. This market will not be local, but global. A successful entrepreneur has to dabble in this global market, in the international milieu, location notwithstanding. An individual’s traits and tenacity will, accordingly, be put to severe test. An institution can justify its existence only if it is able to hone and sharpen the skill of an individual to a level from where he or she can successfully dabble in international milieu. Several management schools are actually doing that while there are several others that are claiming to be doing that. We have set out on course to sift good from not-so-good.
Certain agencies examine these to provide necessary inputs on the mushrooming business schools so that one could take an informed decision on whether or not to choose them to hone entrepreneurial skill to enable them to dabble in any market. India is young. As part of that Young India and of the emerging economy, an academic stint with a quality institution, national or international, will expectedly give necessary tools to explore potential and develop market for India and Indian produce/services in the international arena and vice versa. This, in the process, will become an enabling conduit.
Interactive sessions with international clientele—which these B-schools should enable—will give an insight into the basic needs of market and people who buy services and products. While smiles of the satisfied customers are rewards in themselves, they will constantly goad market people to keep upgrading their level of services. Frowns of dissatisfied/querulous customers will be lessons on how to deal with fastidious customers. Taking this as a challenge, ways and means of how to bring smile on the faces of the most fastidious of them all could and should be devised. Success or failure of an enterprise will largely depend on this. While life is changing fast, customer needs are changing faster still. This calls for constantly upgrading marketing skills to meet the requirements of ever changing facets of present day clientele. Change being the only constant, need to continuously upgrade individual skills and fine-tune them to understand and master nuances is imperative.
Who does the author refer to as enabling conduit and why?
Market forces because these provide outlets for sale of goods
- A.
The trained individuals who will successfully dabble in international milieu
- B.
A successful entrepreneur who will dabble in global market and survive the stiff competition
- C.
Members of Young India emerging from quality institutions as they have been equipped
- D.
with necessary tools to dabble in international milieu
Attempted by 126 students.
Show answer & explanation
Correct answer: C
Answer: The author refers to members of Young India emerging from quality institutions as the enabling conduit.
Why:
The passage states that an academic stint with a quality institution will give necessary tools to explore potential and develop markets for Indian goods and services in the international arena.
Interactive sessions with international clientele, which B-schools should enable, provide the insight and exposure needed to act as conduits to global markets.
Why other choices are not correct:
Referring to any trained individuals in general misses the passage's emphasis on Young India specifically being shaped by quality institutions.
Referring only to a successful entrepreneur overlooks the author's point about preparing a broader cohort through institutional training and international exposure.
The phrase about having necessary tools describes the attributes or means; it is not the agent. The enabling conduit is the people who possess those tools.
Conclusion: The author means that members of Young India who are equipped by quality institutions act as the enabling conduit because they have the training, tools and international exposure needed to develop markets for Indian products and services abroad.