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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.
In the following passage there are blanks each of which has been numbered. These numbers are given below the passage and against each five words have been suggested, one of which fits the blanks appropriately. Find out the appropriate word in each case.
The Centre’s reported decision to cap the subsidy on cooking gas makes perfect sense. Open-ended — and, in effect, unlimited — consumption subsidies on petroleum products simply misallocate resources, stymie investment and jack up the cost of funds across the board. The subsidy on domestic LPG cylinders is also overwhelmingly appropriated by the non-poor and needs to be phased out for the greater good. In parallel, what’s needed is stepped-up _(1)_ of piped cooking gas, on which there is no upfront subsidy.
Consumers currently pay less than half the market price for up to 12 subsidised LPG cylinders per year. Petroleum minister has been quoted as saying that while the number of subsidised cylinders will remain the same, their _(2)_ price will change. Note that last year, the LPG subsidy added up to over Rs 46,000 crore, much of it questionable. Worse, a 2012 survey _(3)_ that 25 per cent of domestic LPG in Karnataka were ‘ghost’ connections. And in 2013, it was found that 20 per cent of its 1.6 crore registered LPG consumers in Andhra Pradesh were _(4)_. The way ahead is to gradually phase out the upfront subsidy on a time-bound basis and opt, instead, for targeted direct benefit transfers using Aadhaar and other foolproof mechanisms. The idea ought to be to move to a competitive market price rather than a distorted subsidised price that is perverse incentive for _(5)_ and artificial shortages. In tandem, we need to genuinely open up LPG marketing so that multiple players can competitively seek custom and, in the process, drive down costs by improving logistics and supply.
Q1 Choose the correct option for (1)
01. contribution
02. distribution
03. demand
04. attention
05. forage
Q2 Choose the correct option for (2)
01. purchase
02. demanding
03. deliverable
04. stable
05. exchanging
Q3 Choose the correct option for (3)
01. revealed
02. exposed
03. disclosed
04. apply
05. concluded
Q4 Choose the correct option for (4)
01. pure
02. bogus
03. fraud
04. mislead
05. good
Q5 Choose the correct option for (5)
01. arbitrage
02. honest
03. transfering
04. assistance
05. clear
Rearrange the following sentences (A),(B),(C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph, then answer the questions given below them.
(A) And with no fresh taxes, is fiscally not impossible to manage, to the extent that not all the subsidies to the better-off
(B) Can be cut, one will, of course, need some more taxes to fund UBI—for example, by carrying out some simple reforms
(C) To the administrative process of the absurdly low-value assessments and property tax collections in India, as the real-estate sector
(D) A UBI of Rs 10,000, funded by regressive subsidies and a fraction of revenue foregone in the Central budget,
(E) UBI is that it will lead to work disincentives as any feasible UBI for India in the foreseeable future.
(F) Partly from replacing some egregiously dysfunctional current welfare policies, a common argument against
(G) Has been booming off and on for many years. UBI should be administered by the Central government. UBI funding could also come
Q6 Which of the following is the FIRST sentence after rearrangement?
01. G
02. B
03. C
04. D
05. E
Q7 Which of the following is the LAST sentences after rearrangement?
01. A
02. B
03. C
04. D
05. E
Q8 Which of the following is the SECOND sentences after rearrangement?
01. G
02. E
03. A
04. B
05. D
Q9 Which of the following is the FORTH sentences after rearrangement?
01. A
02. D
03. C
04. B
05. E
Q10 Which of the following is the FIFTH sentences after rearrangement?
01. G
02. A
03. B
04. F
05. E
Answers:-
Q.1 (2)
Q.2 (3)
Q.3 (1)
Q.4 (2)
Q.5 (1)
Q.6 (4).
Q.7 (5).
Q.8 (3).
Q.9 (3).
Q.10 (1). The correct sequence is DABCGFE and the passage is based on the fundamental basic income for India.
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