English Language Quiz For SBI / RBI Main Exam | 09-05-2020

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 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 worrying aspect that came out in the press interaction following the policy is the feeling that perhaps the RBI has lowered its view on neutral real policy rates to 125 bps. The former governor, in his talk on the 10th Statistics Day Conference in Mumbai, showed a chart plotting real policy rates around the world. He said, “Given our real growth is amongst the highest in the world, while our inflation is in the upper tier, one would expect our real policy rate to be high. Instead, it is right in the middle of the pack of large countries, and significantly lower than China, a country we often like to compare ourselves with.” Clearly, therefore, the most important takeaway of this policy from the new MPC and the new governor is that there seems to be a change in stance regarding the neutral policy rate. The justification given in the press interaction, comparing our rate with advanced countries and not with China or Mexico is one-sided. This change in stance — if interpreted correctly — does not augur well for savers and pensioners. 

Part B of the policy statement relates to developmental and regulatory policies that are outside the remit of the MPC and represents RBI policies. Most of what has been announced represents continuation of works in progress. Two points deserve to be highlighted. The first relates to the “Scheme for Sustainable Structuring of Stressed Assets’ (S4A) introduced in January 2016 that provides an avenue for reworking the financial structure of entities facing genuine difficulties and requiring coordinated deep financial restructuring. 

The RBI has decided to allow that portion of debt determined to be sustainable to be treated as a standard asset in all cases, subject to certain conditions. This is a double-edged sword as sustainability of a debt depends critically on the assumptions of future cash flows, which are quite uncertain. The provisioning requirement depends on assessment of fair value that is also quite nebulous. In the circumstances, allowing the standard asset classification in such cases where there is no change in promoter could turn out to be risky, and individual large cases may be required to be subjected to supervisory oversight. It is hoped that when the final guidelines are issued, there would be a mention of such oversight. 

Q1 Allowing the standard asset classification in the cases where there is no change in promoter could turn out to be 

01. funny 

02. risky 

03. beneficial 

04. logical 

05. silly 

Q2 What is the worrying aspect that came out in the press interaction following the policy is the feeling? 

01. Perhaps the RBI has lowered its view on neutral real policy rates to 125 bps 

02. The policy statement relates to developmental 

03. Deep financial restructuring 

04. China or Mexico is one-sided 

05. The RBI has upgraded its view on neutral real policy rates. 

Q3 What is the most important takeaway of the policy from the new MPC and the new governor? 

01. Most of what has been announced represents continuation of works in progress. 

02. The justification given in the press interaction 

03. Two points deserve to be highlighted. 

04. There seems to be a change in stance regarding the neutral policy rate 

05. Financial restructuring 

Q4 Choose the appropriate title for the above passage? 

01. The standard asset classification 

02. Large countries 

03. The final guidelines 

04. A bitter pill for savers, pensioners 

05. Financial restructuring 

Q5 Which of the following statement is TRUE according the passage? 

01. The justification given in the press interaction, comparing our rate with advanced countries. 

02. The change in stance — if interpreted correctly — does not augur well for savers and pensioners. 

03. Part B of the policy statement relates to developmental and regulatory policies that are outside the remit of the MPC and represents RBI policies. 

04. Most of what has been announced in policy, represents continuation of works in progress. 

05. All are true 

Q6 Which of the following statement is NOT TRUE according the passage? 

01. The first point in the policy provides an avenue for reworking the financial structure of entities facing genuine difficulties and requiring coordinated deep financial restructuring. 

02. The RBI has decided to allow that portion of debt determined to be sustainable to be treated as a standard asset in all cases, subject to certain conditions. 

03. There is a double-edged sword as sustainability of a debt depends critically on the assumptions of future cash flows, which are quite uncertain. 

04. The first point in the policy relates to the “Scheme for Sustainable Structuring of Stressed Assets’ (S4A) introduced in January 2016. 

05. The provisioning requirement depends on assessment of fair value that is also quite distinct. 

Q7 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage. 

Nebulous 

01. Ambiguous 

02. Amorphous 

03. Hazy 

04. Imprecise 

05. Apparent 

Q8 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage. 

Sustainability 

01. confirmed 

02. cancel 

03. revoke 

04. end 

05. remit 

Q9 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage. 

Oversight 

01. lapse 

02. achievement 

03. chasm 

04. delinquency 

05. dereliction 

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

Supervisory 

01. blockage 

02. base 

03. outside 

04. bureaucratic 

05. exterior 

Answers 

Q.1 (2) 

Q.2 (1) 

Q.3 (1) 

Q.4 (4) 

Q.5 (5) 

Q.6 (5) 

Q.7 (5) 

Q.8 (1) 

Q.9 (2) 

Q.10 (4)