Dear Readers,
Mahendras has started special quizzes for IBPS RRB Exam so that you can practice more and more to crack the examination. This IBPS RRB Exam quiz series will mold your preparations in the right direction and the regular practice of these quizzes will be really very helpful in scoring good marks in the Examination. Here we are providing you important question of English Language for IBPS RRB Exam.
Q1-10 Read the following passage carefully and answer the questions given below it. Certain words have been given in bold to help you locate them while answering some questions.
Many individuals like investing in physical assets, such as real estate and gold. The touch-and-feel factor is no doubt a positive aspect. But there is the issue of portability — you cannot move (real estate) or easily carry (gold) your investment if your employment demands you to relocate frequently. Your desire for real assets can be, perhaps, attributed to your family background. Your grandparents and even your parents may have invested heavily in real estate and gold. Their investments could have brought them handsome returns; real estate prices have climbed sharply in recent times as have gold prices since the sub-prime crisis in 2008. But this does not necessarily make real assets an attractive investment choice for you. Unlike your grandparents or parents, you may not live in the same city all your working life. We live in a world where employment is uncertain and professional work requires frequent relocation. This means your employment could take you across cities in your home country and even outside the country. And that may cause problems in managing your real assets.
Take your real estate investment. Sure, you can let out your property on rent. But who will maintain it? How will you safeguard your investment if your real estate is in a city where you do not live? Likewise, your employment portability can be a cause for concern if you invest in physical gold. Will you keep your gold in safe deposit bank locker in the city where you first lived? Or will you transport your physical gold to wherever you relocate? Remember, it may be relatively easy to buy gold than to get a bank locker! Your portfolio’s portability should be in line with your employment portability. You should buy gold ETFs instead of physical gold. These are financial investments in gold and give you the same return as physical gold. Besides, you can convert your financial gold into cash faster. Of course, financial gold deprives you of the touch-and-feel factor. We suggest that you have minimum investment in physical gold and carry the rest as financial gold. The advantage with financial gold is that investment selection is easy; all gold ETFs offer similar returns and charge similar fees. Buying physical gold, including jewellery, on the other hand, requires more skill. What about real estate investment? If your employment is portable, you should consider deferring your real estate investment to age 45. For one, you may have a better picture of how you want your post-retirement life to be when you are past your mid-career than when you are 35. Thus, making your real estate investment past 45 could keep you in proximity to your investment property. And two, you may still get a 15-year home loan at 45. Fortunately, soon you may be able to invest in financial real estate through Real Estate Investment Trusts (REITs). No doubt, REITs that are exchange-traded will have additional market risks. But REITs can improve your portfolio’s portability besides offering investment to several properties for a smaller capital outlay. Your portfolio’s portability level becomes increasingly important in a globalised employment market. This does not mean that you should not have real assets in your portfolio. Besides your self-occupied house, you would do well to keep your real asset investments to not more than a fourth of your total portfolio if your employment is portable. Of course, the portfolio portability argument assumes that you cannot always depend on your extended family to care for your real investments at home when your professional work takes you elsewhere.
Q1 How are Real Estate Investment Trusts (REITs) useful in investing in real estate from the author's point of view ?
(A) One gets a chance to invest in multiple properties by investing a little sum.
(B) It promises to get good returns that are higher than any other investment avenue.
(C) It brings portability factor to the portfolio.
01. Only A
02. Only B
03. Only C
04. Only A and C
05. Only B and C
Q2 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Assumes
01. Believes
02. Nominates
03. Rests
04. Wipes
05. Rejects
Q3 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Deferring
01. Encouraging
02. Hastening
03. Hindering
04. Gathering
05. Scanning
Q4 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Handsome
01. Attractive
02. Calculated
03. Admired
04. Risky
05. Predictable
Q5 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Relocate
01. Challenge
02. Follow
03. Shift
04. Function
05. Consider
Q6 In which of the following ways, is gold ETF different from physical gold, as mentioned in the passage?
01. It remains in digital or physical form but physical gold remains in physical form only.
02. It can be converted into cash faster than is the case with physical gold.
03. It can be exchanged for physical gold but physical gold cannot be exchanged for gold ETF
04. It is transferrable but this facility is not available with physical gold.
05. Not clearly mentioned in the passage.
Q7 Which of the following is TRUE in the context of the passage?
01. Touch-and-feel factor is associated with physical gold only.
02. Investment in real estate and in gold has become a costly affair.
03. Nowadays, employment demands people to relocate.
04. Only 1 and 2
05. All of the above
Q8 For which of the following reasons, has the author recommended deferring the decision of real estate investment to the age of 45?
01. by that age, the person accumulates wealth to be able to buy property of his choice.
02. you may still get a 15-year home loan at 45.
03. by that time, one would have planned how one wanted to spend one’s life after retirement.
04. by that time, people normally complete all their liabilities and can concentrate on the aspect of making huge investments.
05. both (2) and (3).
Q9 What is meant by ‘Relocation in professional work’?
01. The employment demands one to move to different cities for official reasons.
02. Additional responsibility given in professional set up
03. Ever-increasing unemployment in our country
04. Habit of hopping jobs in expectation of better salary
05. Not explained in the passage
Q10 The author has recommended investing what percentage of total portfolio in real assets, if one’s employment is portable?
01. 10%
02. 20%
03. 25%
04. 50%
05. 80%
Answers-
Q.1 (4)
Q.2 (5)
Q.3 (2)
Q.4 (1)
Q.5 (3)
Q.6 (2)
Q.7 (5)
Q.8 (5)
Q.9 (1)
Q.10 (3)
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