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Mahendras has started special quizzes for SBI Clerk / RBI Assistant examination so that you can practice more and more to crack the examination. This SBI Clerk / RBI Assistant 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 important question of English Language for SBI Clerk / RBI Assistant 2020 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.
Other than for articulating the monetary policy stance and the broad macroeconomic trends, the Reserve Bank of India's annual policy sentence is noteworthy for its comprehensive stock-taking of development and regulatory issues, financial markets, and several other related areas. In effect, it has become a one-point source of reference for all current financial sector matters, both regulatory and developmental. In respect of a few of the issues, such as the licensing norms for new commercial banks, the RBI sentence provides an amplification of what the Finance Minister announced in his budget speech. Others, such as a road map for foreign banks, are in the domain of the central bank and needed to be updated. On the financial markets and financial sector reform, the RBI's well-known, measured approach is again in evidence. The financial system will stand to benefit only incrementally from the new products that have been announced. Obviously, the lessons from the financial crisis will guide the central bank in its approach to financial sector reform and intermediation. There are a few measures to strengthen financial sector regulation on an ongoing basis and improve the efficiency of the banking sector, while maintaining financial stability.
The RBI, which is expected to play a pivotal role in the new Financial Stability and Development Council, released its first financial stability report in March. In a significant initiative that will ensure transparency in the cost and delivery of credit, the RBI has issued guidelines for banks to switch over to a new system of base rate calculation from July 1. It will no longer be possible for banks to dispense credit at below the benchmark rates, which will be calculated in a transparent manner. Several new financial products are to be introduced but only after they have been deliberated upon. Regulation norms for non-convertible debentures and the final guidelines relating to over-the-counter foreign exchange derivatives are expected to be announced by June. The decision to boost infrastructure finance by relaxing the holding norms of eligible bonds by banks is a continuation of the policy thrust in this critical area. In two areas of great common interest — the operation of foreign banks and issuance of new bank licences — the RBI is likely to proceed cautiously. The consensus among regulators is to encourage foreign banks to incorporate subsidiaries in the country rather than operate through branches. Given its potential for controversy, the RBI has decided to delegate the task of vetting applications for new bank licenses to an outside body.
Q-1 Which of the following are the possible repercussions of the prospective policy of the RBI?
01. There would be reforms in financial sector.
02. Alternatives of foreign exchange would be discovered.
03. A solution would be found for the issue concerned with debentures that are non-convertible.
04. A conclusion would be drawn on what has to be done next.
05. Not mentioned in the passage.
Q-2 According to the passage, which of the following plights will be of aid for the central bank to bring about a reform?
A. The internal plight
B. The neighbouring country’s internal plight
C. The financial plight
D. The import-export plight
01. Only A
02. Only B
03. Only C
04. Both C and D
05. Both A and D
Q-3 The yearly policy sentence of the Reserve Bank of India is remarkable due to-
(A) Inclusive stock-taking of issues concerned with growth and regulation
(B) Zones yielding monetary results
(C) Financial markets
01. Only A
02. Only B and C
03. All A, B and C
04. Only A and B
05. Only A and C
Q-4 Which of the following sentences is NOT TRUE, according to the passage?
01. The role of the RBI has been trivial when it comes to ascertaining the financial stability.
02. The RBI is going to be very careful regarding the functioning of the foreign banks.
03. A new system would be introduced so that there is impartialness in the cost and delivery of credit.
04. The policy of RBI has been getting significant and influential every year.
05. A decision has been taken in order to boost infrastructure finance by relaxing the holding norms of eligible bonds.
Q-5 Which of the following sentences is TRUE, according to the passage?
A. The attitude of the RBI on the financial markets and financial sector reform is well-known and measured.
B. A few course of actions have been taken in order to bolster regulation of financial sector on an ongoing basis.
C. All the regulators are in agreement of encouraging the foreign banks to incorporate subsidiaries in the country.
01. Only A
02. Only B
03. Only C
04. All A, B and C
05. Only A and B
Q-6 What is the tone of the passage?
01. Critical
02. Cynical
03. Dogmatic
04. Commiserating
05. Informative
Q-7 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Articulating
01. Enunciating
02. Bumbling
03. Asking
04. Misrepresenting
05. Disconnecting
Q-8 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Stance
01. Mime
02. Treacherous
03. Portray
04. Depict
05. Posture
Q-9 Choose the word which is most nearly the OPPOSITE in meaning to the word given in bold as used in the passage.
Controversy
01. Agreement
02. Debate
03. Dispute
04. Strife
05. Wrangle
Q-10 Choose the word which is most nearly the OPPOSITE in meaning to the word given in bold as used in the passage.
Continuation
01. Maintenance
02. Fade
03. Cessation
04. Detention
05. Guts
ANSWER:
1. (5) The answer has not been mentioned in the passage.
2. (3) The answer is given in the last of the first paragraph.
3. (5) The answer is given in the beginning of the passage.
4. (1) The answer lies in the beginning of the second paragraph.
5. (4) The answer can be inferred after reading the passage carefully.
6. (5) The passage gives information about the RBI and its policies.
7. (1) Enunciate (v) – say clearly, coherently
8. (5) Mime (v) – silent play
9. (1)
10. (1) Detention (n) – arrest
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