English Language Questions | NICL AO 2017 | 01.05.2017

 Directions (1-10) : In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.

The Reserve Bank of India under governor (1) from surprising investors for the first time since October by leaving the key policy rate unchanged, but (2) a red flag on inflationary pressures that likely signal the end of (3) borrowing costs. At the same time, interest rates may not (4) up any time before next year as RBI has factored in enough bad news on the inflation front. Economic prospects are brighter due to the "wartime pace" of (5), the upcoming implementation of the goods and services tax and (6) of lending rates by banks. The Monetary Policy Committee (MPC), which voted unanimously for the fourth time in a (7), did raise the reverse repo rate, at which RBI pays banks for excess deposits, by a quarter point. That was aimed at reducing the (8) to money market rates caused by a (9) in liquidity due to flow of funds into banks after demonetisation. The central bank raised both the economic growth and inflation (10) for the fiscal year, and laid out measures to tackle surplus liquidity due to demonetisation and a likely surge in overseas fund flows that are making interest rate policy less effective. 

1. (a) indulged (b) abstain (c) refrained (d) encouraged e) None

Ans- c

2. (a)remained (b) waved (c)persisted (d) fluctuate e) None

Ans- b

3. (a) lower (b) greater (c)higher (d) escalator e) None

Ans- a

4. (a)rush (b) crawl (c)plod (d) slither e) None

Ans- b

5. (a) methodization (b) monetisation  (c)demonetisation (d) remonetisation e) None

Ans- d

6. (a)scathing (b) drilling (c) slashing (d) cutting e) None

Ans- c

7. (a) row (b) column (c)queue (d) rumble e) None

Ans-a 

8. (a) clarity (b) malformation (c) perfection (d) distortion e) None

Ans- d

9. (a) increase (b) surge (c) decline (d) rise e) None

Ans- b

10. (a) predict (b) foretells (c) forecasts (d) ignores e) None

Ans- c