OIETC/ELLT Reading Test
Details of ELLT Reading:
- Time: 40 Minutes Overall.
- Task: 2 Passages.
- Questions: Nearly 20-25 Questions.
- Types of the Questions: MCQ, True/False/Not Given, Fill in the Blanks, vocabulary & comprehension.
Now Let’s Have a look at the Sample Test !
OIETC/ELLT Reading Test
Time: 40 Minutes
You Should spend 20 Minutes To complete this passage.
International trade is growing at a startling pace. While the global economy has been expanding at a bit over 3% a year, the volume of trade has been rising at a compound annual rate of about twice that. Foreign products, from meat to machinery, play a more important role in almost every economy in the world, and foreign markets now tempt businesses that never much worried about sales beyond their nation’s borders.
What lies behind this explosion in international commerce? The general worldwide decline in trade barriers, such as customs duties and import quotas, is surely one explanation. The economic opening of countries that have traditionally been minor players is another. But one force behind the import-export boom has passed all but unnoticed: the rapidly falling cost of getting goods to market. Theoretically, in the world of trade, shipping costs do not matter. Goods, once they have been made, are assumed to move instantly and at no cost from place to place. The real world, however, is full of frictions. Cheap labour may make Chinese clothing competitive in America, but if delays in shipment lie up working capital and cause winter coats to arrive in spring, trade may lose its advantages.
At the turn of the 20th century, agriculture and manufacturing were the two most important sectors almost everywhere, accounting for about 70% of total output in Germany, Italy and France, and 40-50% in America, Britain and Japan. International commerce was therefore dominated by raw materials, such as wheat, wood and iron ore, or processed commodities, such as meat and steel. But these sorts of products are heavy and bulky and the cost of transporting them relatively high.
Countries still trade disproportionately with their geographic neighbours. Over time, however, world output has shitted into goods whose worth is unrelated to their size and weight. Today, it is finished manufactured products that dominate the flow of trade, and, thanks to technological advances such as lightweight components, manufactured goods themselves have tended to become lighter and less bulky. As a result, less transportation is required for every dollar’s worth of imports or exports.
To see how this influences trade, consider the business of making disk drives for computers. Most of the world’s disk-drive manufacturing is concentrated in South-east Asia. This is possible only because disk drives, while valuable, are small and light and so cost little to ship. Computer manufacturers in Japan or Texas will not face hugely bigger freight bills if they import drives from Singapore rather than purchasing them on the domestic market. Distance therefore poses no obstacle to the globalization of the disk-drive industry.
This is even more true of the fast-growing information industries. Films and compact discs cost little to transport, even by aeroplane. Computer software can be ‘exported’ without ever loading it onto a ship, simply by transmitting it over telephone lines from one country to another, so freight rates and cargo-handling schedules become insignificant factors in deciding where to make the product. Businesses can locate based on other considerations, such as the availability of labour, while worrying less about the cost of delivering their output.
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Do the following statements agree with the information given in the Reading Passage?
In boxes 1-10 on your answer sheet, write
TRUE if the statement agrees with the information
FALSE if the statement contradicts the information
NOT GIVEN if there is no information on this
International trade is increasing at a greater rate than the world economy.
Foreign goods are nothing for the economy.
Generally, shipping cost is the major concern in the trade.
Cheap labour guarantees effective trade conditions.
Chinese people can make revolution in Business.
Japan imports more meat and steel than France.
Most countries continue to prefer to trade with nearby nations.
Small computer components are manufactured in Germany.
Distance makes the globalization of the disk-drive industry easy.
Films as well as compact discs cost little to transport, even by ships.
Now Let’s learn some tips & tricks for True/False/Not Given
How to Solve True/False & Not Given ?
- Read at least 2 questions at a time & mark the key words (like- Noun, Pronoun, Time & Any extreme word).
- Now, go to the passage & Skim through to identify the location of it.
- Once you get the location, read 2 or 3 sentences very carefully.
- After that come back to your question and try to match that information with the questions .
- If that information matches with the question, Answer will be True.
- If that information does not match with the question, Answer will be False.
- If there is no information in the passage , Answer will be Not Given.
- This question type maintains the serial in the passage.