Dear Readers,
Mahendras has started special quizzes for IBPS PO & Clerk Exam so that you can practice more and more to crack the examination. This IBPS PO & Clerk Exam special 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 the important question of reasoning ability for the IBPS PO & Clerk Exam.
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.
The Reserve Bank of India (RBI) has been responding to falling inflation by easing monetary policy. In addition, the stance on liquidity underwent a significant change from ‘tight’ to ‘neutral’ in the last six months. More importantly, the central bank continues to signal an accommodative bias in its future guidance.
Despite this, there has been a policy status quo that resulted in an acceleration of food inflation and a moderate hardening of global commodity prices provided an upside risk to RBI’s projected inflation target of 5% for March 2017.However, both these risks have now failed to crystallize and room for incremental monetary easing is opening up.
Global commodity prices, especially crude oil at around $45, have stabilized, with risks evenly balanced in the near-to-medium term. More importantly, the monsoon has been normal so far (with cumulative south-west rainfall at 97% of the long period average) after two consecutive deficient years. Moreover, healthy reservoir levels suggest that sowing conditions for the upcoming rabi season are also likely to be conducive.
The government’s first advance estimate for 2016-17 kharif production is extremely encouraging. Total foodgrain production is projected to touch a record 135.03 million tonnes, exceeding the full-year target by 2.28 million tonnes. Led by pulses, oilseeds and coarse cereals, growth in foodgrain production is expected to touch 8.9% in the year 2016-17. In the last two years, it shrank by an average 1.9%.
In fact, the preliminary impact of improvement in acreage has already started to show. In August, the food index in consumer price index (CPI) contracted by 0.4% against the average increase of 1.5% observed during the same month in the previous five years. More importantly, information on high frequency mandi prices indicates that the sequential deflation in the overall food index could gather further pace in coming months.
This is likely to take the headline CPI inflation to 4.5-4.6% in September 2016 and further towards 4% by December 2016. If rabi sowing also turns out to be as good as kharif, food inflation could remain subdued, thereby keeping headline CPI inflation around 4.5% by March 2017, 50 basis points (bps) lower than the target. One basis point is one-hundredth of a percentage point. This will open up space for incremental monetary easing. RBI can be expected to cut repo rate by 25 bps in its upcoming policy review so as to maximize the impact of supportive domestic and global factors. These would be factors such as an expected pickup in domestic demand due to the fortunate alignment of enablers like the Seventh Central Pay Commission (CPC) payouts, supportive monsoon and upcoming festive season in India.
Q1 How The Reserve Bank of India (RBI) has been responding to falling inflation?
01. By easing law and order policy
02. By easing education loan policy
03. By easing Infrastructural policy
04. By easing monetary policy
05. By easing stock exchange policy
Q2 In which terms the Crude oil prices at around $45, have stabilized, with risks evenly balanced ?
01. in the low-to-medium term
02. in the near-to-medium term
03. in the next-to-medium term
04. in the near-to-highest term
05. in the far-to-medium term
Q3 Choose the appropriate title for the above passage?
01. Over to you, Monetary policy committee
02. Over to you, Monitor regulating commission
03. Over to you, Monetary complicity
04. Over and above Monetary policy committee
05. Over and out Monitor policy committee
Q4 Which of the following statement/s is/are TRUE according the passage?
01. The government’s first advance estimate for 2017-18 kharif production is extremely encouraging.
02. In the last two years, foodgrain production shrank by an average 1.9%.
03. The Reserve Bank of India (RBI) has been responding to falling inflation by easing monetary policy.
04. Both 1 and 2
05. All 1, 2 and 3
Q5 In August, the food index in consumer price index (CPI) contracted by
01. 0.45%
02. 0.9%
03. 0.3%
04. 0.4%
05. 0.44%
Q6 Which of the following statement is NOT TRUE according the passage?
01. It is likely to take the CPI inflation to 4.5-4.6% and further towards 4%. If rabi sowing also turns out to be as good as kharif.
02. Food inflation could remain subdued, thereby keeping headline CPI inflation around 4.5% by March 2017, 50 basis points (bps) lower than the target.
03. One basis point is three-hundredth of a percentage point.
04. Subdued food inflation will open up space for incremental monetary easing.
05. The RBI can be expected to cut repo rate by 25 bps in its upcoming policy review
Q7 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Pace
01. Brutal
02. Step
03. Savage
04. Boisterous
05. Vehement
Q8 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Reservoir
01. Lack
02. Nothingness
03. Zilch
04. Storage
05. Frowning
Q9 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Fortunate
01. Profitable
02. Prosperous
03. Lucky
04. Lacking
05. Fortuitous
Q10 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Shrank
01. Grow
02. Lessen
03. Wane
04. Weaken
05. Shrivel
Answers:-
Q.1 (4)
Q.2 (2)
Q.3 (1)
Q.4 (5)
Q.5 (4)
Q.6 (3)
Q.7 (2)
Q.8 (4)
Q.9 (4)
Q.10 (1)
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