English Language Quiz For SBI / RBI Main Exam | 28-04-2020

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Mahendras has started special quizzes for SBI / RBI Main Exam so that you can practice more and more to crack the examination. This SBI / RBI Main 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 SBI / RBI Main 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 agencies do not have the track record, infrastructure and finances, necessary for procurement. They, with the help of state agencies, procured 50,422 tonnes of kharif pulses. Almost a year later, less than 10,000 tonnes have been disposed off. Most state governments have shown no interest in distributing pulses even though most of the subsidy is borne by the Centre, and retail prices have been high during this period. Given the short shelf-life of these pulses, usually less than a year, there is fear that a considerable part of the stocks would lose its quality.

Given this experience, it is easy to fathom the challenge of procuring 2 MMT of pulses for buffer stocking. First, it would require a minimum working capital of Rs 10,000 crore — and not Rs 500 crore, as under PSF. The GoI should either set aside this amount in the budget or allow agencies like FCI to use its line of food credit for procuring pulses. NAFED will have difficulty in borrowing as its accounts have been frozen.

Second, as quality of pulses deteriorates fast, it would need better handling of procured amounts. Subramanian’s suggestion of creating a new agency that runs on public private partnership, may be worth trying, but private agencies cannot wait for years to get their reimbursements from the GoI, which happens routinely with state agencies like the FCI and NAFED. The latter still has an outstanding liability of Rs 1,083 crores on account of losses incurred in the procurement of chana, groundnut, copra and tur.

Third, if the economic cost of pulses (procurement price plus procurement incidentals, processing charges, stocking and distribution costs) to the state agencies is higher than the market prices, the buffer stocking operations of disposing pulses in the open market may end up in “losses” to the GoI; these are not taken very favourably by the Comptroller and Auditor General (CAG) of India. Unless these operations are treated as “subsidy” for price stabilisation operations, officials would be reluctant to run them for fear of CAG’s adverse comments.

Above all, before the government enters the market to procure pulses, will it eliminate export bans and stocking limits on traders, delist pulses from the APMC Act, and review the Essential Commodities Act, 1955, as recommended by Subramanian report? Such restrictions on exports and stocking of pulses, reveal a pro-consumer bias. But with zero duty on imports, the restrictions are anti-farmer and they need to go. There is also a need for an import duty of about 10 per cent on pulses to make sure that the landed costs of imported pulses are not below MSPs. Else, the purpose of raising MSPs will be nullified. Will the GoI keep its promise to farmers to incentivise production of pulses?

Q1 If the economic cost of pulses to the state agencies is higher than the market prices, the buffer stocking operations of disposing pulses in the open market may end up in

01. gains

02. losses

03. commodity

04. benefit

05. profit 

Q2 Why there is a need for an import duty of about 10 per cent on pulses?

01. to make sure that the selling of imported pulses are not above MSPs

02. to make sure that the landed costs of exported pulses are not below MSPs

03. to make sure that the landed costs of rice are not above MSPs

04. to make sure that the landed costs of seeds are below MSPs

05. to make sure that the landed costs of imported pulses are not below MSPs

Q-3 Choose the appropriate title for the above passage?

01. No feel for the grain

02. No feel for the rice

03. No feel for the sugar

04. No feel for the pulse

05. No feel for the tea

Q-4 Which of the following statement is TRUE according the passage?

01. As quality of pulses increasing fast, it would need better handling of procured amounts.

02. Subramanian’s suggestion of creating a new agency that runs on public private partnership, may not be worth trying.

03. private agencies cannot wait for years to get their reimbursements from the GoI.

04. The FCI and NAFED still has an outstanding liability of Rs 3,083 crores on account of losses incurred in the procurement of chana, groundnut, copra and tur.

05. if the economic cost of pulses to the state agencies is higher than the market prices the buffer stocking operations of disposing pulses in the open market may end up in “losses” to the GoI.

Q-5 Most state governments have shown no interest in distributing pulses even though most of the subsidy is borne by-

01. the state

02. the village

03. the Country

04. the Centre

05. the industry

Q-6 Which of the following statement is NOT TRUE according the passage?

01. with zero duty on imports, the restrictions are anti-farmer and they need to go.

02. there is also a need for an import duty of about 10 per cent on pulses to make sure that the landed costs of imported pulses are not below MSPs.

03. it is easy to fathom the challenge of procuring 2 MMT of pulses for buffer stocking

04. procuring 2 MMT of pulses for buffer stockingwould require a minimum working capital of Rs 10,000 crore — and not Rs 500 crore, as under PSF.

05. the GoI should either set aside the given amount in the budget or allow agencies like FCI to use its line of food credit for selling pulses.

Q-7 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.

Reluctant

01. Indiscreet

02. Afraid

03. Averse

04. Cautious

05. Loath

Q-8 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.

Adverse

01. conflicting

02. advantageous

03. detrimental

04. negative

05. inimical

Q-9 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.

Bias

01. fairness

02. justice

03. equality

04. impartiality

05. partiality

Q10 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.

Restrictions

01. liberation

02. advantage

03. freedom

04. permission

05. constraint

Answers

Q.1 (2)

Q.2 (5)

Q.3 (4)

Q.4 (3)

Q.5 (4)

Q.6 (5)

Q.7 (1)

Q.8 (2)

Q.9 (5)

Q.10 (5)