Verbal Ability - Question of the Day

Question:-
A paragraph is followed by alternative summaries. Choose the option that best captures the essence of the paragraph.

Rankings have been a good thing for business education. The intense scrutiny from, in particular, the three main international rankings—The Economist, the Financial Times and Business Week—have helped schools to raise their game over the past decade. When a school fails to place enough of its graduates in high-paying jobs, it is no longer just a concern for that particular school’s students. The numbers are fed into the various rankings and the school’s worldwide reputation takes a hit. If faculties’ research output tails off or if they become half-hearted in the lecture theatre, this too quickly affects a school’s standing.

OPTIONS
1)Rankings have helped globalize business education as the international rankings are based on placements, faculties’ research, and quality of lectures.
2)Rankings help business schools, as their international reputation is decided by these rankings based on placements, research, and classroom teaching.
3)The three main international rankings of business schools closely scrutinize placements, research, and quality of lectures in these business schools.
4)The three main international rankings have helped the business schools in the competition as these rankings compare the placements, research, and quality of lectures.
5)The three main international rankings and the reputation of business schools depend on their placements, faculties’ research, and classroom teaching.

Solution
The gist of the passage is: Ranking helps business education. (For example, the three main ones have helped them improve their game). Rankings compare their placements, research, and teaching– their reputation rests on this scrutiny. The essence of the paragraph is the first sentence – not the three main rankings.
Option 1 is wrong because of the use of the word 'globalize'.
Options 3, 4 and 5 are, likewise, distorted as they too focus on the 3 main international rankings rather than on the rankings helping business education.
Hence, the correct answer is option 2.