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Mahendras has started special quizzes for IBPS & SBI Exam so that you can practice more and more to crack the examination. This IBPS & SBI Exam 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 the important question of reasoning ability for the IBPS & SBI 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.
India needs to generate jobs that are formal and productive, provide bang-for-buck in terms of jobs created relative to investment, have the potential for broader social transformation, and can generate exports and growth. The apparel sector meets all these criteria, making it an excellent vehicle for an employment creation strategy. The Union cabinet approval for a number of measures to boost the apparel sector is, therefore, a significant policy initiative.
Nearly every successful economic growth take-off in post-war history in East Asia has been associated with rapid expansion in apparel exports in the early stages. During their growth booms that averaged between 7 and 10 per cent growth, countries registered apparel export growth in excess of 20 per cent per year, sometimes closer to 50 per cent.
Given their high labour intensity — the highest in any manufacturing sector — apparel also have the greatest potential for employment growth. Every unit of investment in clothing generates 12 times as many jobs as that in autos and nearly 30 times that in steel. Drawing upon the World Bank employment elasticities, we estimate that rapid export growth could generate about half a million additional direct jobs every year.
Most significantly, from a social transformation perspective, apparel generate large number of jobs for women, substantially more than in any other sector. On a visit to one of India’s top textile exporters, women workers spoke about the agency they had gained on financial decisions. The agency also extended to husbands starting to helping with household chores, including chopping vegetables and making tea! In Bangladesh, female education, total fertility rates, and women’s labour force participation moved positively due to the expansion of the apparel sector. India’s low and declining female labour force participation could be similarly boosted by this initiative.
India has an opportunity to promote the apparel industry because of rising wage levels in China that has resulted in China losing market share. India is well positioned to take advantage of China’s deteriorating competitiveness because wage costs in most Indian states are significantly lower than in China.
Alas, this is not happening, or at least, not enough. The window of opportunity is narrowing and India needs to act fast if it is to regain competitiveness and market share in apparel. Hence the urgency.But why is India losing out? Several factors play a role.
India’s competitors enjoy better market access by way of zero or lower tariffs to the two major importing markets, namely the US and Europe.
the average tariffs faced by India and its competitors in the US and EU In the US, when Trans-Pacific Partnership goes through, Vietnam will enjoy duty-free access and India will be disadvantaged in that market too.
In addition, to the external disadvantage, Indian exporting firms face a number of domestic challenges — logistics and de facto labour costs — that render them less competitive than their peers in competitor countries.
On logistics, India is handicapped relative to competitors in a number of ways. The costs and time involved in getting goods from factory to destination are greater than those for other countries.
1 Which criteria does apparel sector meet which generate jobs that are formal and productive?
(A) jobs created relative to investment,
(B) have the potential for broader social transformation,
(C) That can generate exports and growth.
01. Only A
02. Only B
03. Only C
04. Both A and B
05. All A, B and C
2 What according to the passage can be the meaning of the expression “bang for buck”?
01. Desert someone in difficult straits
02. Worth of one’s money or exertion
03. Extend the limits
04. At the peak of activity
05. Do something unexpected and ingenious
3 Find out which sentence is definitely NOT TRUE according to the passage.
01. The Union cabinet approval for a number of measures to boost the apparel sector is, therefore, a significant policy initiative.
02. Every unit of investment in clothing generates 12 times as many jobs as that in autos and nearly 30 times that in steel.
03. From a social transformation perspective, apparel generate large number of jobs for women, substantially more than in any other sector.
04. In order to ensure that India flourishes, lack of consensus among union cabinet is essential.
05. India is well positioned to take advantage of China’s deteriorating competitiveness because wage costs in most Indian states are significantly lower than in China
4 What according to the author can be the most suitable title of the given passage?
01. Indian exporting firms
02. The window of opportunity Apparel industry
03. India’s competitors
04. Logistics and de facto labour costs
05. India’s top textile exporters
5 Find out which sentence is definitely TRUE according to the passage.
01. India does not need to generate jobs that are formal and productive.
02. Owing to the growth of the apparel sector, the females' participation has grown in a significant way.
03. Indian exporting firms do not face domestic challenges.
04. Every unit of investment in clothing generates 22 times as many jobs as that in autos and nearly 50 times that in steel.
05. On a visit to one of India’s top textile exporters, men workers spoke about the agency they had gained on sports decisions.
6 What the external disadvantage, do the Indian exporting firms face?
01. Vehicle for an employment creation strategy.
02. Logistics and de facto labour costs that render them less competitive than their peers in competitor countries.
03. To make a vehicle for an employment creation strategy.
04. India needs to act fast if it is to regain competitiveness.
05. Costs and time involved in getting goods from factory
7 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Rapid
01. Slow
02. Leisurely
03. Greet
04. Usurp
05. Quick
8 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Deteriorating
01. Worsen
02. Frighten
03. Improving
04. Absolve
05. Knead
9 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Render
01. Deliver
02. Hold
03. Relinquish
04. Unleash
05. Amaze
10 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Declining
01. Increasing
02. Flourishing
03. Diminishing
04. Creating
05. Mesmerising
Answers:-
Q.1 (5)
Q.2 (2)
Q.3 (4)
Q.4 (2)
Q.5 (2)
Q.6 (2)
Q.7 (5)
Q.8 (3)
Q.9 (2)
Q.10 (3)
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