CAT 2014 has given a full practice test for CAT 2014 aspirants which in turn has helped the aspirants in understanding what all can be expected in the final exam. This is the first time when CAT 2014 conducting auhtorities have given lot of information about the exam. It has become a little easier for the aspirants to prepare themselves for the CAT 2014 exam.
As per the mock test given on the CAT 2014 website, there will be questions on Facts-Inference-Judgement. FIJs were included in the CAT examination in 2014 for the first time. At that time it shocked the aspirants as Para completion was also introduced. The question on Fact-Inference-Judgment, consists of usually 4 sequentially ordered statements.These sentences despite having separate entity are on a same topic.
Although the direction describes all the 3 aspects i.e. Facts, Inference and Judgment, it is not necessary that it will contain sentences of all the 3 types. There can be one or more than one sentence of one type and another type might be missing.
The directions given in the question not only describes what is to be done but also defines the difference among Fact, Inference and Judgment so that candidates could avoid the avoidable mistakes while answering the question.
What is a Fact?
Answer: Facts, which deal with the pieces of information that one has heard, seen or read, and which are open to discovery or verification.
What is an Inference?
Answer: Inferences are the conclusions drawn about unknown, on the basis of the known.
What is a Judgement?
Answer: Judgements, which are opinions that imply approval or disapproval of persons, objects, situations and occurrences in the past, the present or the future.
The candidate needs to carefully understand the language given in the direction to answer the question well. The best way to answer such questions is by eliminating the improbable options. This wa one can reach the right answer.
Example of a FIJ type question:
Question: People may question the merits of returning to a 'golden era' of the gold standard, but it seems fair to say that the development of world trade was encouraged by the systematic linking of national currencies and price stability of the system.
New discoveries of gold would generate discontinuous jumps in the price level, but the period of the gold standard was marked by a fairly stable stock of gold.
Under a gold standard, currencies are valued in terms of a gold equivalent known as the mint parity price, that is, an ounce of gold was worth $20.67 in terms of the U.S. dollar over the gold standard period.
If the government does not stand willing to buy and sell at the mint parity price, then the price will fluctuate with changes in the supply and demand relative to gold.