Section A Directions: In this section, you will hear 10 short conversations. At the end of each conversation, a question will be asked about what was said. Both the conversation and the question will be spoken only once. After each question there will be a pause. During the pause, you must read the four choices marked [A],[B], [C] and [D], and decide which is the best answer. Then mark the corresponding letter on the Answer Sheet with a single line through the centre.
[解析] W:How do you want to send package,by airmail or by ordinary mail? M:By airmail,please.It's much quicker. Q:Where does the conversation most probably take place?
判断题。通过send the package“寄包裹”,airmail“航空邮件”,ordinary mail“普通邮件”,可判断出这个场景是在邮局。
2.
A.8:00.
B.8:30.
C.9:00.
D.9:30.
A B C D
A
[解析] W:Does your class start at 8:00 every morning? M:No.On Wednesday it doesn't start until 8:30 and on Friday not until 9: 00. Q:What time does the man's class start on Thursday?
[解析] W:I have been suffering from some sort of depression these days,so I have come for help. M:Yes,madam.But when do you usually feel depressed most,at night or during the day? Q:What is the man's profession?
A.Tom didn't pass, although he had tried his best.
B.Tom just got a passing score.
C.Tom got an excellent score, which was unexpected.
D.Tom was disappointed at his math score.
A B C D
B
[解析] W:How did you do on the math exam,Tom? M:I barely made it Q:What do we learn from the conversation?
判断题。Tom说,几乎没通过,也就是刚刚及格的意思。
5.
A.The apartment is better furnished.
B.She prefers to live in a quiet place.
C.It's less expensive to live in an apartment.
D.She finds her roommates difficult to get along with.
A B C D
B
[解析] M:I hear you are moving to an apartment.Can you tell me why? W:Actually,I didn't want to move.It will be more expensive to live outside the college.But I just can't bear the noise made by the people living next door. Q:Why does the woman want to move?
A.Work is no more interesting than studying at school.
B.Work is preferable.
C.He studies hard at school.
D.He hopes to get a job soon.
A B C D
A
[解析] W:Peter,study hard,or you have to go out and work. M:I don't think it makes much difference.If I have a job,work will bore me every day;but if I'm in school,teachers will bore me every day. O:Which does Peter prefer,work or studying at school?
判断题。男土说,I don't think it makes much difference,意思是说上学和工作两者没什么差别,即他们都一样没劲。选项[A]中的 no more... than 意思是“两个都不…”,符合对话的意思。
7.
A.She can't finish her assignment, either.
B.She can't afford a computer right now.
C.The man can use her computer.
D.The man should buy a computer right away.
A B C D
A
[解析] M:I'm frustrated.We are supposed to do our assignment on the computer. But I have difficulty getting access to the computers in the library. W:I understand the way you feel.I'm looking forward to the day when I can afford to get my own computer. Q:What does the woman mean?
D.The woman wonders which newspaper the man is reading.
A B C D
A
[解析] W:I read in the newspaper that the novel you are reading is excellent. M:I've also read some negative reviews. Q:What can be learned from the conversation?
[解析] M:I read a poem by E.E.Cummings last night.It's very beautiful,Do you like modern poetry? W:I like modern poetry,but not as much as traditional poetry. Q:What kind of poetry does the woman like better?
细节题。女士说对现代诗不像对传统那么喜爱,也就是说,她更喜爱传统诗。
Section B Directions: In this section, you will hear ,3 short passages, At the end of each passage, you will hear some questions. Both the passages and the questions will be spoken only once. After you hear a question, you must choose the best answer from the Four choices marked [A], [B], [C] and [D]. Then mark the corresponding letter on the Answer Sheet with a single line through the centre.
Passage One Questions 11 to 14 are based on the passage you have just heard.
[解析] 11-14 In addition to food and shelter, man has a third basic need. This is clothing. Modern man wears clothing for three purposes: for protection, for decoration, and for modesty. It is thought that prehistoric man wore clothing for a fourth reason, as a kind of magic. For example, he may have worn the skins of animals either to celebrate his victories over them, or perhaps to gain strength and wisdom from the animals that he had killed. Until fairly recently it was possible to use only natural materials of various kinds for the making of clothing. Both plants and animals supply these natural materials. From plants we get cotton and linen. From animals we get such materials as wool, silk, leather and furs. Wool was one of the first fibers to be used for cloth, and for a long time it was the most common textile fiber in Europe. The fiber which we call wool comes mainly from sheep, but the hair of a few other animals is also used for cloth. Cotton has been used for over three thousand years, especially in warm countries. Cotton material was not known in Europe until much later. Material made from the' cotton plant can be very soft, cool and comfortable. The finest cotton materials were very expensive at one time, and only rich people could buy them. Two other fibers, linen and silk, have also been used extensively in the making of clothing. In addition to the natural materials from plants and animals, modern man now has cloth which is made synthetically. Early in the seventeenth century it was first suggested that fibers could be produced synthetically. However, it was not until 1884 that the first artificial fiber was made. Called artificial silk, the fiber was made by treating cellulose with chemicals. Cellulose is a woody material found in all plants. Scientists continued to experiment with various ways of working with cellulose and they produced many different kinds of fibers--among them, rayon. In the twentieth century, man has learned to create completely synthetic fibers. These are made from coal, glass, petroleum, milk and wood. Nylon, dacron and orlon are the names of a few of these synthetic fibers. Recent synthetic products include disposable paper clothing arid artificial leather. In many ways synthetic fibers are much better than natural fibers. It is possible to create specific fibers to be used for specific purposes. Of all the fibers now used by man, a very large percentage are man-made. 11. For what purpose did prehistoric man wear clothing?
题目问的是:史前人类穿衣的目的是什么?文中首段提到:It is thought that prehistoric man wore clothing for a fourth reason,as a kind of magic“史前人类穿衣是为了第四个原因:作为一种魔法”。由此可知[B]“魔法”是正确的。
2.
A.Cotton.
B.Leather.
C.Silk.
D.Wool.
A B C D
D
[解析] Which was the most common fibre used for cloth in Europe?
题目问的是:欧洲最常用的做衣服的纤维是什么?文中提到:Wool was... for a long time it was the most common textile fiber in Europe“羊毛…,长时间以来是欧洲最常用的纺织纤维”。由此可知[D]“羊毛”是正确的。
3.
A.Orlon.
B.Artificial silk
C.Linen.
D.Fur.
A B C D
A
[解析] Which is the complete synthetic fibre?
题目问的是:哪一个是完全的合成纤维? 文中提到:Nylon,dacron and orion are names of a few of these synthetic fibers "Nylon,dacron,和 orion是几种合成纤维的名字”。由此可知[A]“奥纶”是正确的。
4.
A.Less expensive.
B.More comfortable.
C.Specific fibers for specific purposes.
D.More advanced.
A B C D
C
[解析] What's the superiority of synthetic fibres to natural fibres?
题目问的是:合成纤维与自然纤维相比优点是什么?文中提到:... better than natural fiber.It is possible to create specific fibers to be used for specific purposes“…比自然纤维更好,这就使发明特种纤维来达到特定的目的成为可能”。由此可知[C]“特种纤维为特定用途”是正确的。
Passage Two Question 15 to 17 are based on the passage you have just heard.
[解析] 15-17 As I said, the college has a proud history of publicly examining controversial issues. Why should we do this? The publicity we receive is often sensational, and there is no joy in encouraging argument for its own sake; in fact that sort of discussion just increases tension. The only legitimate reason for our behaviour is that it casts light upon the topic in question and informs the debate. And controversial topics are the ones which most need informed attention. As the world forges ahead, we often find our scientists have surpassed our philosophers. We frequently develop scientific marvels without realizing their full implications. Nowhere is this more obvious than in medicine. We are now able to keep people alive far longer than before, but this medical ability must be measured in relation to the quality of those lives. I urge you to spend your time at Scholastic House wisely. You are the heirs of an excellent academic tradition of which we can all be justly proud. It is your responsibility to continue this tradition of querying where our world is going. Progress is not always upwards. I wish you every joy in your time here, and I hope that I will hear much well- informed debate from you. 15.What's the function of discussing controversial issues?
题目问的是:讨论有争议的问题的功能是什么?文中第一段提到:The only legitimate reason for our behaviour is that it casts light upon the topic in question and informs the debate“我们这样做惟一正当的理由就是它能重点分析有争议的议题,并且使我们熟悉争论”。由此可知[A]“熟悉争论”是正确的。
2.
A.Science is less advanced than medicine.
B.Philosophy is more useful than science.
C.Science is ahead of philosophy.
D.Science is more useful than philosophy.
A B C D
C
[解析] What's the speaker's belief?
题目问的是:说话者的信仰是什么?文中第二段提到:We often find our scientist have surpassed our philosophers“我们常常会发现科学家超过了哲学家”。因此可知[C]“科学家超过哲学家”是正确的。
3.
A.Accept what they are told.
B.Ask questions at all times.
C.Think only about their studies.
D.Think where progress will lead them to.
A B C D
D
[解析] What does the speaker argue for the students to do?
题目问的是:说话者建议学生们做什么?文中倒数第二段提到:It is your responsibility to continue this tradition of querying where our world is going. Progress is not always upwards“继续这种探索我们的世界往何处去的传统是你们的责任。发展并不总是向上的”。由此可知[D] “考虑发展将引导他们往何处去”是正确的。
Passage Three Question 18 to 20 are based on the passage you have just heard.
[解析] 18-20 Recently a five-year study was conducted by the Centre for Childhood Development in Los Angeles, California, regarding the way babies react to different types of people. The findings of the study suggest that infant children seem to be more comfortable around other babies than they are with strange adults. The results confirm the ideas of Dr. Richard Perelman, a well-known pediatrician, who has written many books about raising children. Dr. Perelman supports the findings of the study and adds that it is a sounder idea to keep children with other children, as in a day-care centre, than it is to have children cared for by a baby-sitter. According to the results of the study, infants benefit from being in the company of other babies on a daily basis. Whereas some babies seem to show fear of strange adults, they are likely to reach out to try to touch an unfamiliar baby. The study even suggests that children as young as one year old can form friendships. Two of the children in the study were especially close. It was reported that if the children were separated for any reason they would start to cry. The only way to satisfy them was to allow them to he together. If the findings are true, it may lead to an increase in the use of family-oriented day-care centres where children can spend more time with each other and less time with adults. 18. With whom are babies more comfortable?
题目问的是:婴儿们和谁在一起更舒适一些?文中第一段末提到: infant children seem to be more comfortable around other babies than they are with strange adults“婴孩看起来和其他婴儿呆在一起比和陌生的成年人待在一起更舒适”。由此可知[C]“和其他婴儿、是正确的。
2.
A.They show fear.
B.They reach out.
C.They start to cry.
D.They turn to adults.
A B C D
B
[解析] How do babies react to unfamiliar babies?
题目问的是:婴儿对不熟悉的婴儿如何反应?文中第三段中间提到: Some babies...are likely to reach out to try to touch an unfamiliar baby“一些婴儿…很可能伸出手试图去摸一个陌生的婴儿”。由此可知[B]“他们伸出手”是正确的。
3.
A.Take them to nursery.
B.Keep them in a family-based day-care centre.
C.Hire a baby-sitter.
D.Let them stay with their parents.
A B C D
B
[解析] What's the best way to care for a baby?
题目问的是:照顾婴儿的最好方法是什么?文章最后一段提到:The only way to satisfy them was to allow them together... it may lead to an increase in the use of family-oriented day-care centre where children can spend more time with each other and less time with adults“让他们满意的唯一方法是让他们呆在一块…可能会导致使用以家庭为导向的日托中心的增加,在这种日托中心孩子们可以花更多的时间彼此呆在一起,更少的时间和大人呆在一起”。由此可知[B] “让他们呆在以家庭为导向的日托中心”是正确的。
Part Ⅱ Reading Comprehension Directions: There are 4 passages in this part. Each passage is followed by some questions or unfinished statements. For each of them there are four choices marked [A],[B], [C] and [D]. You should decide on the best choice and mark the corresponding letter on the Answer Sheet with a single line through the centre.
Passage One Arnold Schwarzenegger is on the verge of doing great things ill California. Elected on a radical recall measure, California's governor is taking equally radical steps to mend the broken edifice of the state government. Proposing four sweeping reforms aimed at education, state pensions, the budget, and electoral districting. Schwarzenegger is taking party structures and legislators head on, using his bully pulpit to dictate the terms of the policy debate in the Golden State. Mole than anything, he relies on his celebrity and access to the media to shape public opinion and break the power of formidable (难以应付的) California interests. In the past, others have employed this model to enact reforms in service of the public good; perhaps the greatest was Theodore Roosevelt. Well before Roosevelt became a national icon as leader of the Rough Riders and the hero of San Juan Hill, he recognized how to use the media and a magnetic personality to uproot government corruption. He realized that public opinion could be harnessed to challenge even the most firmly entrenched forces of cronyism (任人唯亲), waste, and decay. In two posts, first serving as a Civil Service commissioner in President Benjamin Harrison's administration, and then as Police commissioner of the City of New York, Roosevelt achieved exceptional results by bringing issues directly to the people's attention. As Civil Service commissioner, Roosevelt risked being one of the most unpopular men in Washington. For five years, he energetically pursued recipients of patronage to ensure that only qualified office holders retained their federal government jobs. In spite of massive resistance by both the dispensers and recipients of patronage, Roosevelt ultimately succeeded in shaping a civil service that was populated by qualified public servants. By relentlessly publicizing his activities, Roosevelt gained the support of many hardworking Americans who had no sympathy for well-paid slackers getting a free lunch on taxpayer funds. As a New York City Police commissioner, Roosevelt was a media darling. His antics were followed almost daily by citizens who were thrilled to see a commissioner actually putting the public interest first. Under his watch, the New York police force was significantly transformed from a municipal protection racket into a professional law enforcement body. Much of the police hierarchy and several fellow commissioners fought Roosevelt tooth and nail. Likewise, many of the saloon owners and other interests that benefited from the old system strenuously opposed his efforts. Yet, through constant and widespread publicity, his endeavors won the hearts and minds of the people of New York. His reforms were enacted and the city unquestionably benefited. Roosevelt brought this same vitality and dedication to the public good to his gubernatorial(州长的) and presidential administrations. He stood up to the massive industrial monopolies, and empowered the broad interests of the people over the narrow ends of the oligarchs. He stood up to ranching and logging interests, and fought to set aside national parks. His charisma and media savvy were his greatest weapons. He believed that democracy could overcome arrogant and entitled interests. He believed that if he could get his message to the people, they would embrace his mantle of reform. He believed that such publicity could overcome the power of the party bosses and the power of the trusts. He was correct.
1. The passage is mainly focused on______.
A.introducing what Schwarzenegger has done for the public
B.showing what two radical reformers have in common
C.criticizing the phenomena of corruption in present government
D.remembering Roosevelt as a great leader and national hero
2. From the beginning of the passage, we can see that Schwarzenegger______.
A.has completely cracked the original organization of state government
B.suggested only making the slightest reforms in four main fields
C.had many harsh debates on legislations with the Golden State
D.is good at using the influence of his reputation and the press
A B C D
D
细节题。题目问的是:从文章的开头我们可以看出Schwarzenegger ______。文章第一段第四句提到:More than anything,he relies on his celebrity and access to the media to shape public opinion and break the power of formidable California interests“他更多地依赖于其声誉并使用媒体来塑造公众的观点和使难以应付的加利福尼亚利益势力崩溃”。由此可以看出[D] “擅长使用其名誉和新闻界的影响”是正确的。[A]“已完全破坏了州政府原先的组织构造”、[B]“只建议在四个主要领域进行最细微的改革”和[C]“与金州就立法问题时行了多次激烈的辩论”都与文章意思不符。
3. It can be inferred that people's impression on Roosevelt is that he______.
A.is just like a holy person with many good deeds
B.was very cunning to make full use of the common
C.was once a civil service commissioner of New York
D.didn't achieve any satisfying results people expected
A B C D
A
推理题。题目问的是:从文中可以推出人们对 Roosevelt 的印象是他 ______。文章第二段的第一句中提到:Well before Roosevelt became a national icon as leader of the Rough Riders and the hero of San Juan Hill“在 Roosevelt 作为莽骑兵的领导人和圣胡安山的英雄而成为一个民族偶像之前”。也就是说后来 Roosevelt 在人们心中就是一个民族的偶像,而且文中提到了他做的许多事情都是出于维护平民大众的利益并得到了他们的极大支持,由此可以推出[A]“就像是一个做了很多好事的圣人”是正确的。[B]“非常狡猾地利用老百姓”、[C]“曾经是纽约的一个民政服务部门的长官”和[D]“不能取得人们预期的任何令人满意的成果”都与文章的意思不符。
4. Which of the following is NOT true about Roosevelt?
A.He met great difficulties in winning the support of the recipients.
B.He made sure that nobody could waste the money of taxpayers.
C.He achieved in converting the nature of New York police force.
D.He benefited many saloon owners and others by his constant reforms.
A B C D
D
细节题。题目问的是:下列项哪一项关于 Roosevelt 的论述是不正确的?文章第四段第四、五句提到:Much of the police hierarchy and several fellow commissioners fought Roosevelt tooth and nail.Likewise,many of the saloon owners and other interests that benefited from the old system strenuously opposed his efforts“很多警察特权阶级和几个同伙的官员全力与Roosevelt作战。而且一些从旧体系中获益的酒店老板和其他利益集团也奋力反对他的努力”。由此可知[D]“他通过不断的改革使一些酒店老板和其他人获益”是正确选项。[A]“他在赢得那些接受者的支持时遇到了极大的困难”、[B]“他确保了没人能浪费纳税人的钱”和[C]“他成功地转变了纽约警察力量的本质”都与文章的意思相符。
5. The primary reason why Roosevelt succeeded in his reforms is______.
A.the strong help of industrial oligarchs
B.his firm belief in protecting national parks
C.his attractive personality and media genius
D.his publicity among the chief party leaders
A B C D
C
细节题。题目问的是:Roosevelt改革取得成功的主要原因是______。文章最后一段第四句提到:His charisma and media savvy were his greatest weapons“他的领导气质和媒体智慧是其最大的武器”。由此可以得知[C]“他吸引人的个性和媒体方面的天才”是正确的。[A]“工业寡头的极大帮助”、[B]“他在保护国家公园方面的坚定信念”和[D]“他在主要的政党领导人之间的宣传”都与文章的意思不符。
Passage Two The pace of recent events made one of the most significant rulings in the history of American anti-trust law seem like an anti-climax. The headline news that Microsoft will cease to exist as we have known it, if the government has its way, was thoroughly anticipated in the weeks of final maneuvering. But on closer inspection there was enough drama and substance to satisfy any observer. Judge Thomas Penfield Jackson's decision to speed the case in its final stages will certainly be controversial on appeal, as Microsoft will argue that it was deprived of its opportunity to submit more evidence and cross-examine extensively the Justice Department's consultants who advised on the breakup plan. The tone of Jackson's final opinion, which flatly stated that Microsoft "has proved untrustworthy in the past", reminded readers of the terrible cost in credibility that Microsoft has paid as a result of its intransigence in this and prior proceedings before the judge. Microsoft's existence now hangs on two weak threads: that it can convince appellate(受理上诉的)judges that the remedy ordered is unjustified by the facts proved, or that the facts Jackson regards as "proved" are so clearly wrong as to warrant an exceptional decision reversing the trial court on this ground. The first is much the more promising wager. Jackson concluded that "it is time to put.., to the test" by immediate appeal the belief that Microsoft is innocent of any wrongdoing, a belief shared by Microsoft and, as Jackson stingingly put it, "a substantial body of public opinion, some of it rational." Jackson's confidence in the strength of his factual findings is justified. The government proved a pattern of business conduct amounting to an illegal attempt to maintain monopoly power, and did so through a compelling range of evidence, including Bill Gates's aggressive E-mail and his discrediting videotaped testimony denying knowledge of the very E-mail he had written. Microsoft's defense was inept where it was not self-destructive. Whether, on the other hand, Jackson's complete acceptance of the government's strong remedy was justified either by the facts proved or by the preference for a faster road to appellate review will be more difficult to demonstrate to skeptical judges on the Court of Appeals or the Supreme Court. It is appropriate to be skeptical too about the remedy itself. If fully implemented, it results in two companies, one of which will, like the original Microsoft, possess an apparent monopoly in the market for PC operating systems. The theory is that this monopoly will be successfully undermined by the activities of Microsoft Two, which may choose to distribute, for example, Word and Excel for use with other competing operating systems. This approach to restoring competition is purely speculative. As Jackson himself said in the opinion accompanying his final judgment concerning the intended testimony of proposed Microsoft witnesses, "For the most part they are merely the predictions of purportedly(可疑地)knowledgeable people as to effects which may or may not ensue if the proposed final judgment is entered." The same is true with respect to the theories of the consultants who helped the government shape its own proposals'.
1. We can learn from the beginning of the passage that Microsoft______.
A.would no longer exist in the forthcoming several weeks
B.is in the control of Judge Thomas Penfield Jackson
C.would defend itself of being taken away its rights
D.is very helpless with the unjustness of the judge
A B C D
C
细节题。题目问的是:我们可以从文章开头部分得知微软______。文章第二段第二句中提到:... as Microsoft will argue that it was deprived of its opportunity to submit more. evidence and cross-examine extensively the Justice Department's consultants who advised on the breakup plan“…因为微软将争辩其被剥夺了递交更多论据并广泛地询问建议解散方案的司法部门的咨询人员的机会”。由此可知[C]“将为自己丧失权利的情况进行辩护”是正确的。[A]“将在未来几周内不复存在”、[B]“处于法官Thomas Penfield Jackson 的掌控之中”和[D]“对法官的不公正感到十分无助”都与文章意思不符。
2. The attitude of author toward Microsoft's existence is______.
A.positive
B.uncertain
C.critical
D.neutral
A B C D
B
观点题。题目问的是:作者对微软存在的态度是______。文章第三段提到:Microsoft's existence now hangs on two weak threads:that it can convince appellate judges that the remedy ordered is unjustified by the facts proved,or that the facts Jackson regards as“proved” are so clearly wrong as to warrant an exceptional decision reversing the trial court on this ground“微软的存在目前依赖于两条不充分的线索:它能够说服受诉法官经过证实的事实说明订立的赔偿是不合理的,或者Jackson认为‘证实了的’事实是如此明显的错误,以至于要保证一个例外的决定来颠覆法庭在此基础上的判决”。由此可知作者对微软究竟会怎样也是摇摆不定的,因为不同的线索会导致不同的结果,所以[B]“不确定的”是正确的。[A]“积极的”、[C]“批评的”和[D]“中立的”都与文章意思不符。
3. It can be inferred that in the first possibility______.
A.Microsoft would be proved to be guiltless of anything
B.the government would take actions to maintain the monopoly
C.Bill Gates would have to confess what he had done
D.it is of great importance to justify Jackson's behavior
A B C D
D
推理题。题目问的是:可以推断出在第一种可能性中______ 。文章第四段最后一句提到:Whether,on the other hand,Jackson's complete acceptance of the government's strong remedy was justified either by the facts proved or by the preference for a faster road to appellate review will be more difficult to demonstrate to skeptical judges on the Court of Appeals or the Supreme Court“另一方面,Jackson完全接受政府巨额赔偿是由已证实的事实来证明是合理的,还是通过对控诉回顾的加速进行的偏好来证明,对向上诉法庭或最高法庭惯于怀疑的法官作出证明将会更加困难”。由此可推知[D]“证明Jackson 行为的合理性是非常重要的”是正确的。 [A]“微软将被证明是无罪的”、[B]“政府将采取措施来维持垄断”和[C]“比尔·盖茨将不得不坦白他的所作所为”都与文章的意思不符。
4. What Jackson himself said indicates that______.
A.Microsoft Two would take place of Microsoft at last
B.he might make his final judgement in favor of Microsoft
C.the result of the remedy might be very risky
D.the government would reshape its original theories
A B C D
C
推理题。题目问的是:Jackson 本人所说的话暗示______。文章第五段的第三、四句提到:The theory is that this monopoly will be successfully undermined by the activities of Microsoft Two,which may choose to distribute,for example, Word and Excel for use with other competing operating systems.This approach to restoring competition is purely speculative“这种见解认为微软Ⅱ的行为会成功地破坏这种垄断,例如,这可能会选择分发 Word和 Excel来与其他竞争性运营体系一起使用。这种恢复竞争的手段完全是投机性的”。由此可推知[C]“补偿的结果可能会是非常冒险的”是正确的。[A]“微软Ⅱ最终会取代微软”、[B)“他可能会做出有利于微软的最终判决”和[D]“政府会重定其最初的意见”都与文章意思不符。
5. The title that best expresses the theme of the passage is______.
Passage Three In 1880, Sir Joshua Waddilove, a Victorian philanthropist(慈善家), founded Provident Financial to provide affordable loans to working-class families in and around Bradford, in northern England. This month his company, now one of Britain's leading providers of "home credit"--small, short-term, unsecured loans-- began the nationwide rollout of Vanquis, a credit card aimed at people that mainstream lenders shun. The card offers up to £200 ($ 380) of credit, at a price: for the riskiest customers, the annual interest rate will be 69%. Provident says that the typical interest rate is closer to 50% and that it charges no fees for late payments or breaching credit limits. Still, that is triple the rate on regular credit cards and far above the 30% charged by store cards. And the Vanquis card is being launched just when Britain's politicians and media are full of worry about soaring consumer debt. Last month, a man took his own life after running up debts of £130,000 on 22 different credit cards. Credit cards for "sub-prime" borrowers, as the industry delicately calls those with poor credit records, are new in Britain but have been common in America for a while. Lenders began issuing them when the prime market became saturated, prompting them to look for new sources of profit. Even in America, the sub-prime market has plenty of room for growth. David Robertson of the Nilson Report, a trade magazine, reckons that outstanding sub-prime credit-card debt accounts for only 3% of the $ 597 billion that Americans owe on plastic. The sub-prime sector grew by 7.9% last year, compared with only 2.6% for the industry as a whole. You might wonder, though, how companies can make money from lending to customers they know to be bad risks--or at any rate, how they can do it legitimately. Whereas delinquencies(拖欠)in the credit-card industry as a whole are around 4-5%, those in the sub-prime market are almost twice as high, and can reach 15% in hard times. Obviously, issuers charge higher interest rates to compensate them for the higher risk of not being repaid. And all across the credit-card industry, the assessment and pricing of risks has been getting more and more refined, thanks largely to advances in technology and data processing. Companies also use sophisticated computer programmes to track slower payment or other signs of increased risk. Sub-prime issuers pay as much attention to collecting debt as to managing risk; they impose extra charges, such as application fees; and they cap their potential losses by lending only small amounts ( $ 500 is a typical credit limit). All this is easier to describe than to do, especially when the economy slows. After the bursting of the technology bubble in 2000, several sub-prime credit-card providers failed. According to the Federal Deposit Insurance Corporation, an American bank regulator, in December 2000 there were 156 lenders specialising in the sub-prime market (including mortgage lenders and car-loan companies as well as credit-card issuers). Now there are only around 100, of which nine issue credit cards. Survivors such as Metris and Providian, two of the bigger sub-prime card companies, have become choosier(挑剔的) about their customers' credit histories.
2. The reason why companies like Provident lend money to those with poor credit records is that______.
A.the prime market in Britain has been saturated
B.their boss Sir Joshua Waddilove is a philanthropist
C.they can't make money from lending to prime borrowers
D.they can make money from their borrowers illegitimately
A B C D
A
细节题。题目问的是:像Providen V这样的公司借钱给那些信用纪录不好的人们的原因是______。文章第三段第二句提到:Lenders began issuing them when the prime market became saturated,prompting them to look for new sources of profit“主流市场变得饱和,促使他们(贷方)寻找新的利润来源,此时贷方开始借钱给他们”。因此仁A]“英国的主流市场已经饱和”是正确答案。[B]“他们的老板乔舒亚·沃迪勒福是一位慈善家”、 [C] “他们不能从借钱给主流借款人中挣钱”和[D]“他们可以不正当地从他们的借款人那儿挣钱”都不符合题意。
3. According to the passage, to make money the issuers who are not sub-prime ones always______.
A.impose application fees and other extra charges like that
B.pay less attention to managing risk than to collecting debt
C.cap their potential losses by lending only small amounts
D.charge no fees for late payment and breaching credit limits
A B C D
B
细节题。题目问的是:根据文章,为了挣钱,非“次要”的贷款人总是______。文章第五段最后提到:Sub-prime issuers pay as much attention to collecting debt as to managing risk;they impose extra charges,such as application fees;and they cap their potential losses by lending only small amounts“次要贷方像关注追收借款一样关注风险管理;他们征收额外的诸如申请费的费用;他们通过只借小额款项来弥补他们的潜在损失”。这些都是“次要”贷方保证其收益的方法,由此可推知,一般的信用卡的贷方更多地关注如何追讨欠款而比较少关注风险管理,因此 [B]“比起追讨欠款来,更多地关注风险管理”是正确答案。[A]“征收申请费及其他类似的额外费用”和[C]“只借小额款项以弥补其潜在损失”都是“次要”信用卡公司的挣钱的方法,不符合题意;文章第二段第一句提到:... it charges no fees for late payment or breaching credit limits“…它不对以后的支付或超过信用额度的行为征收费用”,这里的it 指的是 Provident公司,因此[D]“不对以后的支付或超过信用额度的行为征收费用”也不符合题意。因此,这三项都不正确。
4. We can infer from the passage that several sub-prime credit-card providers failed in 2000 because______.
A.delinquencies in the sub-prime market were higher then
B.there were fewer borrowers they can lend money to
C.they were not as choosy as the survivors were
D.more people with poor credit records borrowed money from them
A B C D
A
推理题。题目问的是:从文中我们可以推断出,几家次要信用卡提供商在2000年失利是因为______。文章第四段第二句提到: (delinquencies) in the sub- prime market are almost twice as high,and can reach 15% in hard times“…次要市场的拖欠率几乎有两倍之高,并且在困难时期有可能达到更高”。这也是第四段用于质问次要信用卡如何盈利的主要出发点,可见拖欠是使次要信用卡不能盈利的潜在危险因素。因此,在2000年泡沫经济破灭的困难时期,次要信用卡提供商失利的原因在于 [A]“当时次要市场的拖欠率较高”。[B]“向他们借钱的人更少”、[C]“他们不如幸存者那么挑剔”和[D] “更多信用纪录不好的人们向他们借钱”都不能从文中推出,都不是公司失利的关键原因,因此都不正确。
5. Which of the following is true about sub-prime issuers?
A.They charge a high annual interest rate of 69%.
B.Delinquencies in the sub-prime market are 4-5%.
C.They make more refined assessment and pricing of risks.
D.It's difficult for them to afford higher delinquency risks.
A B C D
D
细节题。题目问的是:关于次要贷方,下列哪项是正确的?文章最后一段第一句提到:All this is easier to describe than to do,especially when the economyslows“所有这些做起来都比描述的要难,特别是在经济放缓之时”。而All this 指的是上文第五段中提到的用来补偿较高的拖欠风险的措施,因此[D]“对他们来说要支持较高的拖欠风险率很难”是正确答案。 [A]“他们收取69%的高年利率”, 69%是 Provident 公司对风险最大的持卡人征收的利率;[B]“次要市场的拖欠率是4- 5%”,文章第四段提到整个信用卡市场的拖欠率是4-5%,而次要市场的拖欠率高达其两倍,即8-10%,困难时期更可达到15%; [C] “它们对风险作更完善的测评和估价”,文章第五段中提到,在整个信用卡业中,对风险的测评和估价已经越来越完善,并未提到次要信用卡市场更胜一筹。因此这三项都与文意不符。
Passage Four The tax-exempt interest that their funds have been distributing throughout the year may not be as tax-free as they had anticipated. In fact, at least some portion of the distributions currently being paid by 84 percent of all closed-end muni funds is subject to AMT--the IRS's complicated Alternative Minimum Tax, which affects increasing numbers of taxpayers. In fact experts predict that over three quarters of taxpayers in the $ 200,001 to $ 500,000 income bracket may be subject to the AMT this year. Established in 1969, AMT was created to make sure taxpayers claiming large deductions or receiving extensive tax breaks don't get a free ride. The calculations are quite complex and therefore I will confine my comments to closed-end municipal bond fund distributions subject to AMT. Historically, investors buying municipal bonds have been in the higher tax brackets and willing to accept a smaller yield on their investment in exchange for a tax savings. In recent years, however, yields(产量,收益) on closed-end municipal bonds have been quite competitive with taxable alternatives. Factor in the tax savings and the munis have been enjoying a yield advantage over taxables, even for the less affluent. Investors often favor closed-end municipal bond funds over direct investment in municipal bonds or even mutual funds because closed-ends can use leverage to boost the yield paid to common shares. Closed-ends do this by issuing preferred shares, which pay interest at short-term rates, while the proceeds of the preferred offering are invested at long-term rates. As long as short-term municipal rates are lower than long-term yields, incremental income is generated and passed along to common shareholders in the form of additional tax-exempt distributions. But leverage isn't the only way to boost yield and this is where AMT comes in. Managers of closed-end muni funds include bonds subject to AMT in their portfolios because the yields on those bonds are superior to non-AMT bonds. For instance, Susan Voltz, Senior Portfolio Manager at MBIA Capital Management Corp., recently told me that municipal bonds subject to AMT historically have provided between a 10 to 30 basis point yield advantage over non-AMT bonds. She noted that when spreads between AMT and non-AMT issues are wide, it makes sense to include the AMT bonds in a fund's portfolio. Investors have been increasingly receptive to the appealing yields on closed-end muni funds, a fact that is reflected in the narrowing of the average discount level for the group from 10.09% last spring to 6.2% recently. Closed-end funds are said to be at a discount when their shares trade at prices below net asset value (NAV); if share price exceeds NAV, the fund is at a premium. Indeed, municipal investors tend to be a savvy group, my original interest in the subject of AMT was prompted last year by just such dismayed investors looking for a comprehensive list of closed-end fund AMT figures. Interestingly, at present we do not see a correlation between discount and percentage of distributions subject to AMT. So in cases where other factors such as yield, discount and leverage are more or less equal, investors concerned with AMT can benefit from choosing a fund with less exposure to AMT bonds.
1. By what is referred in the first paragraph, the author means______.
A.some portion of the distributions of the funds will be subject to AMT
B.AMT will extract a tax on the distributions of all closed-end muni funds
C.the tax-exempt interest closed-end muni funds distribute will be taxable
D.more distributions of lower income bracket may be subject to the AMT this year
A B C D
A
细节题。题目问的是:通过第一段提及的内容,作者的意思是______。文章第二段第一句话提到:In fact,at least some portion of the distributions currently being paid by 84 percent of all closed-end muni funds is subject to AMT— the IRS's complicated Alternative Minimum Tax...“事实上,至少这些收入的一部分现在由所有市政定额基金中的84%支付,并归美国国内收入总署(AMT)的复杂的强制性最低税所有…”这句话是对第一段话的释疑,即所谓的不如预期的那样定免税就是指他们的免税收入的一部分要上交AMT,因此[A]“基金的收入的一部分将属于AMT”是正确答案。[B]“,AMT将对所有市政定额基金的收入征税”,文中说的是对84%的基金征税;[C]“市政定额基金所获得的免税收入将被课税”,文中并未说明AMT是对免税收入部分所征收的税;[D]“今年将有更多的较低收入阶层的收入归于AMT”,这与第一段之间是顺承而非解释关系。因此这三项都不正确。
2. The word" leverage" (Line 2, Para. 5) can be interpreted as______.
A.power of a lever that makes things easier
B.the way in which incremental income is generated
C.investing in closed-end municipal bond funds
D.influence of paying interest at short-term rates
3. The other way than leverage for investors to boost yield is that they______.
A.pay interest at short-term rates and yield at long-term rates
B.widen the spreads between AMT and non-AMT issues to profit themselves
C.include bonds subject to AMT in their portfolios to make yield advantage
D.narrow the average discount level until below net asset value
A B C D
C
细节题。题目问的是:除了“杠杆”之外的另一种投资者提高投资收益的方法是______。文章第六段前两句提到:But leverage isn't the only way to boost yield and this is where AMT comes in.Managers of closed-end muni funds include bonds subject to AMT in their portfolios...“但杠杆并不是提高投资收益的惟一方法,而这是AMT介入的地方。市政定额基金的管理者在他们的投资组合中将证券归入 AMT"。因此[C]“将投资组合中的证券归入AMT以获得收益方面的优势”为正确答案。[A] “用短期利率来支付利息,并以长期利率来获得收益”是leverage的做法; [B)“将通过扩大AMT和非AMT投资之间的差额来使其自身获利”,这个差额是客观上而非基金投资者主观上造成的;[D]“降低平均贴现水平至净资产值以下”,这不是提高投资收益的方法,而且这也是一种客观结果。因此,这三项都不符合题意。
4. The less affluent investors would historically not buy municipal bonds because______.
A.factors in the tax savings and the munis enjoyed a yield advantage for them
B.municipal bonds could only be sold to those in the higher tax brackets
C.a tax savings stands for a smaller yield on their investment as an exchange
D.they could profit more from choosing the munis than a tax savings
A B C D
D
推理题。题目问的是:较不富有的投资者在历史上不愿意购买市政债券的原因是______。文章第四段第二、三句提到:In recent years,however,yields on closed-end municipal bonds have been quite competitive with taxable alternatives. Factor in the tax savings and the munis have been enjoying a yield advantage over taxables,even for the less affluent“然而近年来,市政定额证券的投资收益已经可以与应课税的可替代部分一比高下。税务节省和市政债券已经享有超过应课税部分的优势,即使对那些较不富有的(投资者)来说也是如此”。因此,反观之,较不富有的投资者过去不愿买市政债券的原因在于“他们可以从税收节省的部分获得比市政债券更多的利润”,因此[D]项是正确答案。[A]“税务节省和市政债券已经享有超过课税部分的优势”是近年来的情况;[B]“市政债券只售给那些较高阶层的纳税人”没有在文中提及;[C]“税收节省代表了以他们较小的投资收益作为交换”,这对较高或较低层次的投资者来说都是一样的,因此并不是较低层次投资者不购买市政债券的原因。因此,这三项都不正确。
5. According to the passage, if share prices are below NAV, closed-end funds will be______.
A.at a discount
B.at a fall
C.at a premium
D.at a rise
A B C D
A
细节题。题目问的是:根据文章,如果股价低于净资产值,定额基金将______。文章倒数第二段第二句话前半部分提到:Closed-end funds are said to be at a discount when their shares trade at price below net asset value (NAV)“当定额基金的股票以低于净资产值的价格交易时,定额基金被称,为处于贴现状态”。因此, [A]“处于贴现状态”是正确答案。[B]“下跌”、[C]“增加,奖励”和[D]“上涨”都不正确。
Part Ⅲ Vocabulary Directions: There 30 incomplete sentences in this part. For each sentence there are four Choices [B],[C] and [D]. Choose the ONE answer that best completes the sentence, mark the corresponding letter on the Answer Sheet with a single line through the centre:
1. They are to meet the landlord on Friday to sign the______ for their new apartment.
23. Old Americans are extremely reluctant to buy on______ and likely to save as much money as possible.
A.revenue
B.credit
C.deposit
D.claim
A B C D
B
题意是:老一辈的美国人特别不愿意______购买,而且可能会存尽可能多的钱。[B]credit“债务,借贷”,buy on credit意为“赊购”,即提前消费之意,符合题意。[A] revenue“收入(数目)”;[C] deposit“沉积物,存款”,与on连用,表示“置存,囤积”;[D]claim“权利,所有权”。因此这三项都不符合题意。
24. As soon as the birthday party______ ,all the guests hurried home at once.
30. Most nurses are women, but in the higher ranks of the medical profession women are in a______.
A.scarcity
B.miniature
C.shortage
D.minority
A B C D
C
题意是:大多数护士是妇女,但在较高层次的医学职业中,妇女是 ______。[C] shortage“短缺,缺乏”,in a shortage 既可用于指可数名词也可指不可数名词,表示一种短缺的状态,符合题意。 [A] scarcity“稀少,稀有”,不能用于词组in a scarcity 中; [B] miniature“缩影”,与前面的比较级 higher 不相符; [D] minority “少数派,少数人”,一般直接用 in minority 表示一种状态,中间不加不定冠词。因此这三项都不符合题意。
Part Ⅳ Short Answer Question Directions: In this part there is a short passage with .five questions or incomplete statements; Read the passage carefully. Then answer the questions or complete the statements in the fewest possible words( not exceeding 10 words). In an age when television is. a vital entertainment medium, more and more people are using it as a study aid. In Britain, the Open University, founded in 1969,encourages home-based students to study for Bachelor of Arts and Bachelor of Science degrees using a combination of television and radio programmes and correspondence work, where students send in assignments to their tutors and have them returned after assessment. The Open University has no formal entrance requirements for its students and is designed particularly for people who have missed out on a formal tertiary education because of lack of money or opportunity in the past. The system works very well in Britain; similar programmes operate in many other countries. Television learning is not restricted to university level education, however. Courses which use educational television programmes as a component may cover a wide variety of subjects, from accounting and statistics to language study. Because so many people use television learning to help them improve their employment opportunities, most television learning courses are vocational in nature. Study programmes may include marketing, and business management; in countries such as Australia and New Zealand, language courses in Spanish, French and Mandarin are also popular. Those who promote the television courses talk of the opportunity it gives for people to learn" in their own place, at their own pace and in their own time". Business programmes are very popular around the world. An increasing number of people in management and marketing are studying for business diplomas and choose the television open learning system as an alternative form of study. Some students study at home on a fulltime basis and students also include young mothers, shift workers and secondary school pupils, Many people study purely out of interest. The TV" open learning' Chinese programme run in Australia and New Zealand was developed by Griffith University in Queensland and Macquarie University in Sydney. Lessons involve a half-hour programme on television followed up by at least 10 hours of study each week. The course is equivalent to a quarter of a year's full-time study; students get a hug resource pack which includes text and work books, audio tapes and a wide range of other materials. There is no limit on student numbers on the course because students do not have to be accommodated in lecture rooms. They learn at their own speed, have one-on-one correspondence sessions with their tutors and can play back a lesson on video as many times as they wish, going over pronunciation repeatedly until they are confident that they have it right.
1. The Open University in Britain encourages the students to study at home by a method of______.
combining the television,radio programmes and correspondence work
注释:题目问的是:英国的开放大学鼓励学生在家通过______来学习。文章第一段第二句提到:... the Open University...encourages home-based students to study for Bachelor of Arts and Bachelor of Science degrees using a combination of television,radio programmes and correspondence work“…开放大学…鼓励学生在家中学习以获得文学士或理学士学位,方法是利用电视、广播节目和函授学习等多种形式”。由此可知答案应为:combining the television,radio programmes and correspondence work“结合电视、广播节目和函授学习等多种形式”。
2. Why are most television learning courses vocational in nature?
Because many people use them to improve their employment opportunities.
注释:题目问的是:为什么大多数电视课程都具有职业教育性质?文章第三段最后一句提到:Because so many people use television learning to help them improve their employment opportunities,most television learning courses are vocational in nature“正是因为有这么多人学习电视课程是为了增加就业机会,所以大多数电视课程都具有职业教育性质”。由此可知答案应为:Because many people use them to improve their employment opportunities“因为很多人利用它们来增加其就业机会”。
3. The promoters of the television courses think it will make people have a chance to______.
learn whenever and wherever they want
注释:题目问的是:电视课程的提倡者认为它将使人们有机会______.文章第三段最后一句提到:Those who promote the television courses talk of the opportunity it gives for people to learn "in their own place,at their own pace and in their own time "“宣传电视教育节目的人们说这-些课程使人们有机会‘在自己的地方,按自己的节奏,在自己的时间里’学习”。由此可知答案应为:learn whenever and wherever they want“在他们需要的任何时间和地点来学习”。
4. What resources will be provided to the students if they choose the lessons in Australia ?
Text and work books,audio tapes and other various materials.
注释:题目问的是:如果学生们在澳大利亚选课,他们会被提供给什么资料?文章第五段最后一句中提到:students get a huge resource pack which includes text and work books,audio tapes and a wide range of other materials“提供给学生的学习资料数量庞大,包括课本和自学手册、录音带和内容广泛的其他资料”。由此可知答案应为:Text and work books,audio tapes and other various materials“课本和自学手册、录音带和其他各类资料”。
5. The last passage indicates that the advantages of such courses mainly lie in
its great convenience for the students
注释:题目问的是:最后一段暗示了这种课程的优势主要在于______。文章最后一段提到:这类课程对学生数量没有限制;学生自己决定学习进度,老师对他们进行一对一的函授辅导等等。由此可知答案应为:its great convenience for the students“对学生们而言其极大的便利”。
Part Ⅴ Writing Directions: For this part, you are allowed 30 minutes to write a composition on the topic Changes in the Percentage of Internet Advertisement. You should write at least 150 words, and base your composition on the chart and the outline given below
Changes in the Percentage of Internet Advertisement
Changes in the Percentage of Internet Advertisement
The percentage of the Internet ad expenditure in the total has changed greatly in the past years. As is shown in the chart above, in the beginning stages of Internet ad, that is, 1998 and 1999, its expenditure only accounts for 0. 1 percent. Then it developed smoothly from 2000 to 2002, with a percentage of 0. 5. After 2003, it increased at high speed. Its expenditure has amounted to 1. 5 percent until 2004. All of these show that the Internet Advertisement is playing a more and more important role in our lives. Nowadays almost everyone gets familiar with Internet as computers become more and more popular in our homes and offices. If a computer is interconnected with Internet, you will go into a gallery full of information and get them quickly. If a company makes full use of Internet, it can get commercial information quickly so as to make the business successful. At the same time, Consumers will get more information about various commodity from the net. It is no wonder that more and more companies turn to the Internet to promote their products. Anyway, there is no doubt that Internet has a great impact on our society. As people who use Internet increases, trades on line increases too. Companies will make use of this opportunity and the percentage of ad expenditure will raise further.