TANCET MBA flashcards

32 cards. Read the term and the definition here. The deck at the top of this page is optional.

Main idea question

A reading comprehension question asking for the central claim of the passage; the correct option restates the author's thesis without adding new information.

Inference in reading

A conclusion logically forced by the passage though not stated explicitly; the correct answer requires no outside assumption.

Para jumble strategy

Order sentences by finding the opening sentence with no backward pronouns, then follow pronoun and connector chains to link the rest.

Odd sentence out

In a paragraph, the sentence that introduces a new topic or breaks the logical thread; the other sentences share a common scope.

Error spotting order

Check subject-verb agreement, parallel structure, pronoun reference, tense consistency, and misplaced modifiers in that sequence to locate grammatical errors.

Analogy relationship

A pair relationship such as tool-user, cause-effect, or part-whole; state it precisely and apply the same phrase to each option.

Successive percentage change

Two changes of a% and b% combine multiplicatively: net multiplier = (1 ± a/100)(1 ± b/100), not a simple sum.

Profit percentage formula

Profit% = (SP − CP)/CP × 100; selling price from marked price is SP = MP(1 − discount/100).

Compound interest formula

Amount A = P(1 + R/100)^T; compound interest = A − P, where P is principal, R annual rate, T years.

Average speed equal distances

For two equal distances travelled at speeds x and y, average speed = 2xy/(x + y), not the arithmetic mean.

Combined work formula

If A alone finishes in a days and B in b days, together they finish in ab/(a + b) days because their rates add.

Combination formula

nCr = n! / [r!(n − r)!] gives the number of ways to choose r items from n without regard to order.

Divisibility by 11

A number is divisible by 11 if the difference between the sum of digits in odd and even positions is divisible by 11.

Pie chart angle

Central angle for a category = (category value / total) × 360°; percentage share = angle/360 × 100.

Weighted average

Average that accounts for different group sizes: Σ(w_i x_i)/Σw_i, where w_i are weights and x_i values.

Percentage change formula

Percentage change = (new value − old value)/old value × 100; positive indicates increase, negative decrease.

Ratio comparison by cross-multiplication

For positive denominators, a/b > c/d if and only if ad > bc; avoids converting fractions to decimals.

Line graph slope

The steepness of a line indicates rate of change; a steeper line means faster growth, not necessarily a higher absolute value.

Syllogism validity

A conclusion follows only if it holds in every possible Venn diagram consistent with the premises; one counter-diagram invalidates it.

Blood relation symbols

Use a family tree with + for male, − for female, × for married, ÷ for sibling; never infer gender from a name.

Direction sense grid

Plot each movement on a coordinate plane; final straight-line distance from start is the hypotenuse of net horizontal and vertical displacement.

Circular seating anchor

Fix one person as reference, then place others clockwise or anticlockwise; unless stated, the two directions are distinct arrangements.

Statement-assumption test

An assumption is unstated but necessary for the statement to make sense; reject options that are merely possible or irrelevant.

Contrapositive rule

If A implies B, then not B implies not A; this valid inference is often tested in logical deduction questions.

GDP expenditure formula

GDP = C + I + G + (X − M), where C consumption, I investment, G government spending, X exports, M imports.

Repo rate

The interest rate at which a country's central bank lends short-term funds to commercial banks; a key monetary policy tool.

CRR and SLR

CRR is the share of deposits banks must keep with the central bank; SLR is the share held in approved securities.

Fiscal versus monetary policy

Fiscal policy uses government spending and taxation; monetary policy uses interest rates and money supply to manage the economy.

Balance of trade

The difference between a country's exports and imports of goods; a trade deficit occurs when imports exceed exports.

Break-even point

The sales volume at which total revenue equals total cost: fixed costs divided by (selling price per unit − variable cost per unit).

Marketing mix 4 Ps

Product, Price, Place, and Promotion; the 7 Ps for services add People, Process, and Physical evidence.

LLP liability

A limited liability partnership gives partners limited liability while allowing flexible management; it is a separate legal entity.