Dear Readers,
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 and answer the questions based on it.
All indicators of economic activity now suggest that gross domestic product estimates for this fiscal year’s second quarter will be lower than the 5% recorded in the first. It is now clear that the growth downtrend is continuing despite government efforts to address it. While the government has been battling declining demand, it may now have to grapple with another worrying problem: rising inflation. Data released showed consumer price inflation at 4.6% for the country, with rural inflation at 4.3% and urban at 5.1%. This was largely driven by a rise in food inflation, which climbed to 7.9%. Urban food inflation was in double digits, at 10.5%, while rural inflation rose to 6.4%. While rising inflation may be a worrying sign for the Reserve Bank of India and the government—which is eyeing rate cuts as a way out of the economic slump—it may also signal a revival of demand.
Such an assumption, though, may be premature at this stage. It is true that food inflation has been rising faster than overall inflation. But the same data also shows core inflation declining to a low of 3.3%. Thus, the rise in overall inflation as well as food inflation is unlikely to be a result of rising demand driven by rising incomes. Some of this is confirmed by the wholesale inflation numbers. The sharp decline in India’s wholesale inflation is in contrast to the trend in consumer inflation, which has been on the rise. This divergence suggests inflation is largely being driven by supply-side structural issues. On the other hand, there is some similarity between WPI inflation and core inflation in the consumer price index, with both showing a decline. The message from this softening price trend, particularly in the manufacturing sector, is that the demand situation has only weakened. Some evidence of this is also seen in the data on rural wages declining.
The real problem lies in food inflation, which has been showing an uptrend both for consumer and wholesale prices. Wholesale food inflation has surged to 7%, turning around from deflation. It is this sudden rise in food inflation that should worry the government. It has come at a time when there is no sign of economic recovery. Most likely then, it is driven by structural bottlenecks and supply issues in food, primarily in case of fruits, vegetables and meat items. A deeper analysis also shows that it is not seasonal items that are driving food inflation, but cereals—mainly wheat and coarse cereals. Wheat prices have been rising sharply despite record production. This is partly due to the government hoarding a large part of the produce that was procured in the run-up to the general election.
At a time when India’s economy is slowing and incomes are under stress, higher inflation does not just limit the ability of the government to revive the economy, it also hurts consumers, including the poor. The preliminary evidence from the leaked report of the consumer surveys clearly shows a decline in consumption and rise in poverty. Low food inflation helped somewhat shield the poor. But at the same time, the data also shows that absolute expenditure on food declined in real terms during the six-year period. Worryingly, though, not only have incomes fallen faster, the rise in food inflation may also have pushed more people into poverty. Given that food still constitutes almost two-thirds of the consumption basket of the poor, rising inflation together with falling incomes places a double burden on them.
1. With reference to the passage, in what ways the situation seems to be worsened in an already crumbling economy?
(1) The inflation is increasing at an alarming rate.
(2) The poor are badly affected due to inflation.
(3) The opportunities to earn more, have increased only to a minimal degree.
(4) The number of people who are poor has increased.
(5) All except (3)
2. According to the passage, when the aspects of food inflation were deeply examined, what facts came to light?
(1) The government is too confined by many issues to take any actions.
(2) Not just of fruits, but the price of cereals has also been increasing.
(3) The expected food consumption is much less than it should have been.
(4) The price increased as a result of reserved cereals.
(5) Both (2) and (4)
3. With reference to the passage, which of the following is affecting the inflation to a great extent?
A. The sudden increase in wholesale food inflation.
B. The increasing price of cereals.
C. Foundational problems in the supply.
(1) Only A
(2) Both B and C
(3) Only C
(4) Both A and B
(5) Only B
4. With reference to the passage, why is demand situation declining?
(1) Because the inflation rate is increasing day by day.
(2) Because it cannot be ascertained that the economy will revive or not
(3) Because the poor is burdened by the increase in prices.
(4) Owing to the fall off in wages in rural areas.
(5) Both (2) and (4)
5. As mentioned in the passage, about which of the following aspects/facts should the government be concerned?
A. The divergence between wholesale inflation and consumer inflation.
B. The Inflation concerned with eatables.
C. The poor are being affected badly by hike in prices.
(1) Only A
(2) Both B and C
(3) Only B
(4) Both A and B
(5) Only C
6. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Lieutinant
B. Construe
C. Begile
D. Nonplussed
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
7. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Blandishment
B. Cajole
C. Callos
D. Abnigation
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
8. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Demagogue
B. Gratutous
C. Fatuous
D. Iconolast
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
9. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Idiosancratic
B. Cognizant
C. Circumlocation
D. Embezzlement
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
10. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Enervate
B. Egregius
C. Desparate
D. Equanimity
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
Answers
1. (5)
2. (5)
3. (3)
4. (4)
5. (5)
6. (4)
7. (2)
8. (5)
9. (4)
10. (3)
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 and answer the questions based on it.
All indicators of economic activity now suggest that gross domestic product estimates for this fiscal year’s second quarter will be lower than the 5% recorded in the first. It is now clear that the growth downtrend is continuing despite government efforts to address it. While the government has been battling declining demand, it may now have to grapple with another worrying problem: rising inflation. Data released showed consumer price inflation at 4.6% for the country, with rural inflation at 4.3% and urban at 5.1%. This was largely driven by a rise in food inflation, which climbed to 7.9%. Urban food inflation was in double digits, at 10.5%, while rural inflation rose to 6.4%. While rising inflation may be a worrying sign for the Reserve Bank of India and the government—which is eyeing rate cuts as a way out of the economic slump—it may also signal a revival of demand.
Such an assumption, though, may be premature at this stage. It is true that food inflation has been rising faster than overall inflation. But the same data also shows core inflation declining to a low of 3.3%. Thus, the rise in overall inflation as well as food inflation is unlikely to be a result of rising demand driven by rising incomes. Some of this is confirmed by the wholesale inflation numbers. The sharp decline in India’s wholesale inflation is in contrast to the trend in consumer inflation, which has been on the rise. This divergence suggests inflation is largely being driven by supply-side structural issues. On the other hand, there is some similarity between WPI inflation and core inflation in the consumer price index, with both showing a decline. The message from this softening price trend, particularly in the manufacturing sector, is that the demand situation has only weakened. Some evidence of this is also seen in the data on rural wages declining.
The real problem lies in food inflation, which has been showing an uptrend both for consumer and wholesale prices. Wholesale food inflation has surged to 7%, turning around from deflation. It is this sudden rise in food inflation that should worry the government. It has come at a time when there is no sign of economic recovery. Most likely then, it is driven by structural bottlenecks and supply issues in food, primarily in case of fruits, vegetables and meat items. A deeper analysis also shows that it is not seasonal items that are driving food inflation, but cereals—mainly wheat and coarse cereals. Wheat prices have been rising sharply despite record production. This is partly due to the government hoarding a large part of the produce that was procured in the run-up to the general election.
At a time when India’s economy is slowing and incomes are under stress, higher inflation does not just limit the ability of the government to revive the economy, it also hurts consumers, including the poor. The preliminary evidence from the leaked report of the consumer surveys clearly shows a decline in consumption and rise in poverty. Low food inflation helped somewhat shield the poor. But at the same time, the data also shows that absolute expenditure on food declined in real terms during the six-year period. Worryingly, though, not only have incomes fallen faster, the rise in food inflation may also have pushed more people into poverty. Given that food still constitutes almost two-thirds of the consumption basket of the poor, rising inflation together with falling incomes places a double burden on them.
1. With reference to the passage, in what ways the situation seems to be worsened in an already crumbling economy?
(1) The inflation is increasing at an alarming rate.
(2) The poor are badly affected due to inflation.
(3) The opportunities to earn more, have increased only to a minimal degree.
(4) The number of people who are poor has increased.
(5) All except (3)
2. According to the passage, when the aspects of food inflation were deeply examined, what facts came to light?
(1) The government is too confined by many issues to take any actions.
(2) Not just of fruits, but the price of cereals has also been increasing.
(3) The expected food consumption is much less than it should have been.
(4) The price increased as a result of reserved cereals.
(5) Both (2) and (4)
3. With reference to the passage, which of the following is affecting the inflation to a great extent?
A. The sudden increase in wholesale food inflation.
B. The increasing price of cereals.
C. Foundational problems in the supply.
(1) Only A
(2) Both B and C
(3) Only C
(4) Both A and B
(5) Only B
4. With reference to the passage, why is demand situation declining?
(1) Because the inflation rate is increasing day by day.
(2) Because it cannot be ascertained that the economy will revive or not
(3) Because the poor is burdened by the increase in prices.
(4) Owing to the fall off in wages in rural areas.
(5) Both (2) and (4)
5. As mentioned in the passage, about which of the following aspects/facts should the government be concerned?
A. The divergence between wholesale inflation and consumer inflation.
B. The Inflation concerned with eatables.
C. The poor are being affected badly by hike in prices.
(1) Only A
(2) Both B and C
(3) Only B
(4) Both A and B
(5) Only C
6. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Lieutinant
B. Construe
C. Begile
D. Nonplussed
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
7. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Blandishment
B. Cajole
C. Callos
D. Abnigation
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
8. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Demagogue
B. Gratutous
C. Fatuous
D. Iconolast
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
9. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Idiosancratic
B. Cognizant
C. Circumlocation
D. Embezzlement
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
10. In the following question, four words have been given out of which two words are misspelt. Choose the correct pair of words that are misspelt and mark your answer.
A. Enervate
B. Egregius
C. Desparate
D. Equanimity
(1) Both A and B
(2) Both C and D
(3) Both B and C
(4) Both A and C
(5) Both B and D
Answers
1. (5)
2. (5)
3. (3)
4. (4)
5. (5)
6. (4)
7. (2)
8. (5)
9. (4)
10. (3)
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