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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.
1-10. Read the following passage carefully and answer the questions given below it certain words are given in bold to help you locate them while answering some of the questions.
Over the next decade, China’s growth will slow, probably sharply. That is not the view of malevolent outsiders. It is the view of the Chinese government. The question is whether it will do so smoothly or abruptly. On the answer depends not only China’s own future, but also that of much of the world.
Official Chinese thinking was on display at last month’s China Development Forum, organised by the Development Research Center of the State Council (DRC), which brought influential foreigners together with high-level officials. Among the background papers was one prepared by economists at the DRC, entitled “Ten-year Outlook: Decline of Potential Growth Rate and Start of a New Phase of Growth”. Its proposition is that China’s growth will slow from more than 10 per cent a year from 2000 to 2010 to 6.5 per cent between 2018 and 2022 Such a decline, notes the paper, is consistent with the slowdown since the second quarter of 2010
The authors note two possible reasons for the decline: either China has fallen into the “middle income trap” of aborted industrialisation; or it is managing the “natural landing” that occurs when an economy begins to catch up with advanced economies. This latter scenario played out in Japan in the 1970s and South Korea in the 1990s. The DRC paper argues that, after 35 years of 10 per cent growth, it is at last happening to China.
Here are a few reasons why the authors say this view is plausible. First, the potential for infrastructure investment has “contracted conspicuously”, with its share in fixed asset investment down from 30 per cent to 20 per cent over the past decade. Second, returns on assets have fallen and overcapacity has soared. The “incremental capital output ratio” – a measure of the growth generated by a given level of investment – reached 46 in 2011, the highest since 1992 China is getting less growth bang for its investment buck. Third, growth of the labour supply has fallen sharply. Fourth, urbanisation is still rising, but at a decelerating rate. Finally, risks are growing in the finance of local governments and real estate.
1 Which of the following is/are the reasons for the decline in China’s growth according to the authors of “Ten year Outlook: Decline of Potential Growth Rate and Start of a new Phase of Growth”.
A. China has fallen into the middle income trap of aborted industrialization.
B. The “natural landing” is being managed by China.
C. It has began to catch up with advanced economies.
01. Only A
02. All A, B, and C
03. Only A and C
04. Only A and B
05. Only B
2 What is the “Ten-Year Outlook’s proposition for China?
01. A consistent slowdown in the growth of China since the second quarter of 2010
02. A growth of 10% a year from 2000 to 2010.
03. China’s growth will slow to 6.5 % between 2018 to 2022
04. There would be a decline of potential growth rate in China but a new phase of growth would soon start.
05. Only 1 and 3
3 Which scenario played out in Japan in 1970s and South Korea in the 1990s?
01. Aborted industrialization
02. Slow down in growth at 6.5 %
03. Managing the “natural landing”
04. Growth of 10 % for ten years
05. None of these
4 Which of the following is definitely TRUE in context of the passage?
01. China’s and much of the world’s future depends on whether China will handle the rise in its growth smoothly or abruptly.
02. China experienced a reduction in growth from 10 % to 6.5% from 2000 to 2010.
03. The incremental capital output ratio of China was 56 in the last decade.
04. Local government of China faces minimum risk in the finance and real estate sector.
05. China is struggling to catch up with developed economies.
5 Which of the following is NOT one of the reasons of decline in China’s growth according to the authors?
01. Returns on assets have fallen and overcapacity has increased.
02. China is getting less growth bang in investment sector.
03. Risks are growing in the finance of local governments and real estate.
04. The share of infrastructure investment in fixed asset has been from 30 % to 20 % over the past decade.
05. There has been a sharp fall in the growth of the labour supply.
6 Choose the word which is most nearly the SAME in meaning as the word given in bold as used in the passage.
Malevolent
01. amiable
02. compassionate
03. complementary
04. hostile
05. agreeable
7 Choose the word which is most nearly the SAME in meaning as the word given in bold as used in the passage.
Abruptly
01. suddenly
02. expectedly
03. late
04. gradually
05. consciously
8 Choose the word which is most nearly the SAME in meaning as the word given in bold as used in the passage.
Proposition
01. condemnation
02. refusal
03. hypothesis
04. ambiguity
05. misconception
9 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Plausible
01. persuasive
02. credible
03. unreasonable
04. logical
05. reliable
10 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Soared
01. retreat
02. surged
03. declined
04. dissipated
05. descend
Answers:-
Q.1 (4)
Q.2 (4)
Q.3 (3)
Q.4 (2)
Q.5 (4)
Q.6 (4)
Q.7 (1)
Q.8 (3)
Q.9 (3)
Q.10 (3)
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