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A limitation of the value at risk (VaR) approach to measuring risk is that it fails to specify the maximum loss that could occur. VAR statistic has three components - a relatively high level of confidence (typically either 95% or 99%), a time period (a day, a month or a year) and an estimate of investment loss (expressed either in absolute or percentage terms). However, at a 99% confidence level what VAR really means is that in 1% of cases (that would be 2-3 trading days in a year with daily VAR) the loss is expected to be greater than the VAR amount. Value At Risk does not say anything about the size of losses within this 1% of trading days and by no means does it say anything about the maximum possible loss.
Statements: V ≥ W > X = Y, C > D = E ≥ V
Conclusions :I. E ≥ W II. D ≥ Y III. C > V
Which of the following expressions will be false if the expression V ≥ W > X = Y ≤ Z < A is definitely true?
Statements: P ≥ Q > R; S < T ≤ R; T > V
Conclusions:
I. P > T
II. V < Q
III. R > V
Statements: D > E > G ≤ H < I; G > P > F
Conclusions:
I. D > F
II. P < I
III. D > I
Statements: S = T, U < L, V ≥ S, T ≤ U
Conclusion:
I. T ≤ V
II. L > T
Statement: P < Q; R ≥ S; R ≥ O; S > Q ≥ T
Conclusion:
I. Q > O
II. O > T
Statements: B < C ≥ D; T < G ≥ E; E < C
Conclusions:
I. T < C
II. C > G
III. E < D
Statement: F ≥ G > I > E ≤ P, E = S ≥ P
Conclusion: I. F ≥ PII. G > P
Statements : T ≥ G; G > Z < Q ≥ P; P ≥ L < H = E
Conclusions :
I. Q > T
II. L ≤ Q
III. H > G
...In each of the questions below are given some statements followed by two conclusions. You have to take the given statements to be true even if they see...
