As IBPS has released the official notification of the Common Recruitment Process for selection of personnel for Clerical cadre Posts and the exam is tentatively scheduled to be held December 2018 & January 2019. Looking at the notification, we have now started subject-wise quizzes for the exam. It will include quizzes of all the subjects- Quantitative Aptitude, English, Reasoning and Computer. All these quizzes will be strictly based on the latest pattern of the IBPS Clerk exam and will be beneficial for your preparations. So, keep following the quizzes which will provide you a set of 10 questions daily.
Q.1-5. Read the following passage carefully and answer the questions given below it.
The U.S. Federal Reserve has resumed normal monetary service by raising interest rates for the second time in three months. The Fed’s decision reflects its confidence in the continuing expansion and signals that its efforts to reflate the world’s largest economy are largely on track — with overall inflation seen to be stabilising around its longer-run target of 2% over the next couple of years.
Significantly, Chair Janet Yellen stressed that policymakers expect the strengthening economy would warrant “gradual increases” in the benchmark federal funds rate to ensure that the monetary policy stance remains accommodative of growth, even as price stability is ensured. This emphasis on ‘gradual’ provides a degree of policy predictability that markets, for now, can broadly factor in two more rate increases of one quarter of a percentage point each for the rest of 2017 — especially when coupled with a median projection for the signalling rate to reach 1.4% at the end of the year, from the current 0.75%-1.0% range.
Investors worldwide are bound to feel more reassured that one of the world’s key economic engines is in good shape and that should bode well for global demand. India’s exporters, including of software services, are also likely to see a silver lining in the Fed chief’s reference to a distinct firming in business investment, after having been soft in 2016, that has helped put business sentiment at “favourable levels”.
Ms. Yellen also flagged caveats to the Fed’s projections. Averring that policy is “not on a pre-set course”, she pointed to the potential impact that changes in fiscal policy, among other factors, could have on the economic outlook. While acknowledging that it is still too early to anticipate exactly how the US administration’s fiscal policies may unfold, the central bank is intimating that it will be closely monitoring the new dispensation’s broad budget plans and remains ready to change policy tack if it were to perceive any risks to its price stability goals. There is also the matter of when the Fed may decide to initiate the process of normalising its balance sheet.
Given that the central bank’s holdings of Treasury bonds and mortgage-backed securities reached record levels in the aftermath of the 2008 financial crisis, any plan to begin unwinding these holdings will need to be very carefully calibrated and communicated in advance to ensure that global markets don’t witness a repeat of the ‘taper tantrum’ of 2013.
Q1. What does the Fed’s signal as per the passage mentioned above?
A. The Fed signals that its efforts to reflate the world’s largest economy are largely on track.
B. The Fed signals with overall inflation seen to be stabilising around its longer-run target of 2% over the next couple of years.
C. The Fed’s signals overall inflation seen to be is all set to hit the floor.
1. Both B and C
2. Only C
3. Both A and B
4. All A, B and C
5. Only A
Q2. What do federal funds rate to ensure?
A. Federal funds rate to ensure that the monetary policy stance remains accommodative of growth, even as price stability is ensured.
B. Federal funds rate to ensure that plan to begin unwinding these holdings will need to be very carefully calibrated.
C. Federal funds rate to ensure that communication in advance to ensure that global markets don’t witness a repeat of the ‘taper tantrum’ of 2013.
1. Both B and C
2. Only C
3. Both A and B
4. All A, B and C
5. Only A
Q3. About what are the investors worldwide bound to feel more reassured?
A. Investors felt that one of the world’s key economic engines is in good shape.
B. Investors felt that the world’s key economic engines should bode well for global demand.
C. Investors felt that world’s key economic engines are flexible enough to mould anywhere.
1. Both B and C
2. Only C
3. Both A and B
4. All A, B and C
5. Only A
Q4. What did Ms. Yellen aver?
A. Ms. Yellen averred that policy is “not on a pre-set course.
B. Ms. Yellen averred that changes in fiscal policy could have on the economic outlook.
C. Ms. Yellen averred that course of action matters a lot for having effective communication regarding macroeconomic aspect.
1. Both B and C
2. Only C
3. Both A and B
4. All A, B and C
5. Only A
Q5. The central bank is intimating, as per the passage mentioned above?
A. The central bank will be closely monitoring the new dispensation’s broad budget plans.
B. The central bank remains ready to change policy tack if it were to perceive any risks to its price stability goals.
C. The Fed chief’s reference to a distinct firming in business investment.
1. Both B and C
2. Only C
3. Both A and B
4. All A, B and C
5. Only A
Q.6-7. Rearrange the following sentences (A),(B),(C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph, then answer the questions given below them.
A. Many of these tools will be familiar. However, the tool we advocate using most, case-based decision analysis,
B. In some cases you’ll need just one tool; in others you’ll need a combination.
C. Is not yet widely used, partly because the more formal, rigorous versions of it are relatively new and partly
D. Diverse teams are more likely to constantly reexamine facts and remain objective.
E. As the exhibit “Diagnosing Your Decision” suggests, the answers to the questions above will point you to the best decision-support tools.
F. Because executives typically underestimate the degree of uncertainty they face.
Q6. Which of the following would be the rearrangement?
1. E
2. B
3. A
4. D
5. C
Q7. What can be the correct sequence of the given passage?
1. BEDFC
2. DBEAC
3. EBACF
4. ABDCF
5. BFCDA
Q.8-10. Read each part of the sentence to find out if there is any error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, mark your answer as (5).
Q8. China's labour minister says Beijing(1)/ will cut another 500,000 jobs in the year from steel,(2)/ coal and other heavy industries to reduction(3)/ excess production capacity that's flooding markets and depressing global prices.(4)/ No Error (5)
Q9. Demonetisation will be credit positive(1)/ for India as it is likely to reduce tax(2)/ avoid and corruption,(3)/ Moody's Investors Service said.(4)/ No Error (5)
Q10. India and Pakistan must respect the landmark (1)/ Indus Waters Treaty as it is in the interesting (2)/ of both countries, Pakistan's Minister (3)/ for Water and Power.(4)/ No Error (5)
ANSWERS
Q1. (3)
Q2. (5)
Q3. (3)
Q4. (3)
Q5. (3)
Q6. (4) The correct sequence is ‘EBACF’ and it is based on ‘Choosing the Right Tools’.
While Sentence ‘D’ is odd one out based on ‘Why diverse teams are smarter’.
Q7. (3) The correct sequence is ‘EBACF’ and it is based on ‘Choosing the Right Tools’.
While Sentence ‘D’ is odd one out based on ‘Why diverse teams are smarter’.
Q8. (3) Replace ‘to reduction’ with ‘to reduce’.
Q9. (3) Replace ‘avoid’ with ‘avoid’.
Q10. (2) Replace ‘interesting’ with ‘interest’.
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