Read the passage carefully and answer the questions that follow:

Every moment of life is precious. Time is the essence of life. It is the wealth given to us by Nature. Every day all of us get 24 hours; nothing less, nothing more. Now, it is up to us how we use it. People who know how to make the best use of every moment easily open the doors of success in their lives and those who misuse time get failures one after the other. There is a saying that, ‘‘Spent time and spent words cannot come back.’’ Everybody is tied by the limits of time; even God respects the boundaries of time. Work wins appreciation only when it gets completed in a requisite time frame. Beyond the time allotted, work loses all its utility however good may have been its quality. Just as the falling rains after the crops have dried up have no use; likewise, when the time is past the deadline, the work loses its importance and value. When iron is hot it can be cast into whichever shape we want. Once it gets cold nothing can be made out of it, however, we may beat the same. In the same way, a person who has learned to wisely use his time and has understood how to cast himself according to the need of the time has actually learned the true mantra of life. Shakespeare wrote in one of his plays, ‘‘I wasted time, and now doth time waste me.’’ It is true that a person who wastes even a little bit of time loses wonderful opportunities that he could have otherwise availed of by utilizing that time. All great leaders have one thing in common. They wisely utilize every moment of their time. When other people are busy wasting time in laziness, great men are busy making plans for the future. There is no person in history who wasted his time and still managed to achieve greatness. Therefore, there is a great need to manage time wisely. ‘‘Careful Time Management’’ refers to the careful planning of time and sincere execution of this plan. This is the only mantra to attain success in any endeavour. A simple change in outlook and some modification in one’s daily routine can result in a big jump forward towards greater achievements.