English Language Questions | NICL AO 2017 | 28.04.2017

Directions (1-5): Rearrange the following sentences in the proper sequence to form a meaningful paragraph; then answer the questions given below them.

(A) As per the new guidelines by the RBI, banks have to prepare Marginal Cost of Funds based Lending Rate (MCLR) which will be the internal benchmark lending rates.

(B) The base rate will be now determined on the basis of the MCLR calculation.

(C) Based upon this MCLR, interest rate for different types of customers should be fixed in accordance with their riskiness.

(D) The Reserve Bank of India has brought a new methodology of setting lending rate by commercial banks under the name Marginal Cost of Funds based Lending Rate (MCLR).

(E) Specifically the repo rate and other borrowing rates that were not explicitly considered under the base rate system.

(F) The MCLR should be revised monthly by considering some new factors including the repo rate and other borrowing rates.

(G) It has modified the existing base rate system from April 2016 onwards.

1. which of the following should be SECOND sentence after the re-arrangement?

(1)A                 (2)C                (3)F                 (4)G                (5)B

Ans-4

2. which of the following should be FOURTH sentence after the re-arrangement?

(1)       F          (2)       A         (3)B                 (4)       D         (5)C

Ans-5

3. which of the following should be LAST sentence after the re-arrangement?

(1)E                 (2)       C         (3)B                 (4)A                 (5)G

Ans-1

4. which of the following should be FIFTH sentence after the re-arrangement?

(1)       G         (2)C                (3)       F          (4)B                 (5)D

Ans-4

5. which of the following should be THIRD sentence after the re-arrangement?

(1)       F          (2)       D         (3)A                 (4)       G         (5)B

Ans-3

CORRECT FORMATION- DGACBFE

Directions (6-10): The following questions of sentence correction, a part of the sentence is given in bold.  Out of the given options, find out the grammatically correct statement that can replace the bold part in the given questions.

6. India’s economic administration continues to unleash heavily attack on the inconsistent rating practices followed by global agencies.

(1) to unleash heavy attacked

(2) to unleashing heavy attack

(3) unleash heavy attack

(4) to unleash heavy attack

(5)No Improvement

Ans-4

7. An improved rating for India will led to reduced borrowing costs (interest) for Indian corporate and this means that West oriented international banks can get only reduced interesting income from the country.

(1) reduced interest income with

(2) reduced interest income from

(3) reduce interest income from

(4)reduced interest income of

(5)No Improvement

Ans-2

8. Digital economy is one of ten distinct themes of the budget. Some of the other themes farmers, rural population, youth etc.

(1) of the ten distinct themes

(2) from the ten distinct themes

(3)of the ten distinct theme

(4) out the ten distinct themes

(5)No Improvement

Ans-1

9. India has signed nearly 84 BITs so far, giving invested protection to investors of other countries.

(1) gave investing protection

(2) giving investor protected

(3) giving investor protection

(4) given investor protection

(5) No Improvement

Ans-3

10. The BHIM App as a digital payment interface is getting increasingly accepted among people especially in the context of the demonetisation driven digital payment campaign.

(1) from the context of the demonetisation

(2) of the context of the demonetisation

(3) on the context of the demonetisation

(4) with the context of the demonetisation

(5)No Improvement

Ans-5