English Language Quiz For IBPS & SBI Exam | 26 -07-2021

 

Dear Readers,

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.

The given passage of the Goods and Services Tax (GST) Bill, which will put in place a uniform indirect tax regime in India, is a landmark achievement for the central government. The GST council, which will oversee the GST regime, is currently in deliberations over its own procedures and over the appropriate tax rate to prevent revenue shortfalls. It is already clear, however, that GST, once implemented, will, for the first time in India’s history, unify the nation into a common economic market, obviating the need for goods to be taxed each time they cross a state border. GST will affect all aspects of business in India, from decisions on investment location and product pricing to logistics and supply chain optimization; it is being widely applauded as a crucial reform that will facilitate India’s development trajectory.

Less well appreciated, but perhaps no less important, will be the impact that GST will likely have on India’s international trade and on its trade strategy. GST is a development that comes at a challenging time in the external environment for India. Global growth has slowed. Many major economies in the world face economic and political challenges with uncertain resolution. With the British vote to exit the European Union, the EU now confronts the possibility of a disintegration, with a larger collapse of the Eurozone in the coming years remaining a real, even if unlikely, possibility. Japan, once a driver of global growth, now lies dormant and is struggling to revive itself. China, after two decades of extraordinary growth, appears to be slowing down. The US is going through a divisive presidential election that has seen its candidates adopt threatening postures towards international trade, especially with lower-income countries, and towards the world trade system more generally. To achieve improvements in trade performance in this environment will clearly be difficult.

How can GST help? While India herself undertook substantial market-oriented reforms starting in the early 1990s, major impediments, both internal and external, that have kept the economy below its productive potential clearly remain. Consider for instance, the electronics sector in which global trade is estimated to be around $1.5 trillion annually and which employs around 20 million people globally (more than any other manufacturing sector). An important feature of the sector is that production is highly fragmented, with intermediate inputs from a variety of countries being assembled together before being sold as final goods to consumers.

Q1 The EU now confronts the possibility of a disintegration, with a larger collapse of the ____ in the coming years remaining a real.

01. Russia

02. USA

03. UAE

04. France

05. Eurozone

Q2 Over what the GST council, is currently in deliberations to prevent revenue shortfalls?

01. over its own procedures

02. over the appropriate tax rate

03. over the revenue generated

04. option (1) and (2)

05. option (2) and (3)

Q-3 How much the global trade is estimated to be around in electronics sector,which employs around 20 million people globally?

01. $11.5 trillion annually

02. $1.5 trillion annually

03. $2.5 trillion annually

04. $10.5 trillion annually

05. $5.5 trillion annually

Q-4 Choose the appropriate title for the above passage?

01. GST and Italian trade

02. GST and Indian trade

03. LST and French trade

04. MST and Indian trade

05. LST and Italian trade

Q-5 Which of the following statement is TRUE according the passage?

01. Japan, once a driver of global growth, now lies dormant and is struggling to revive itself.

02. In electronics sector the global trade is estimated to be around $1.5 trillion annually.

03. The US presidential election has seen adopt threatening postures towards with lower-income countries.

04. Global growth has slowed down

05. All are true

Q-6 Which of the following statement is NOT TRUE according the passage?

(A) The US is going through a divisive presidential election.

(B) The US presidential election has seen its candidates adopt kind postures towards international trade.

(C) To achieve improvements in trade performance in the current environment will clearly be difficult.

01. Only A

02. Only B

03. Only C

04. All A, B and C

05. Only A and C

Q-7 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.

Fragmented

01. disintegrated

02. joined

03. splinter

04. shatter

05. burst

Q-8 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.

Impediments

01. obstructions

02. advantage

03. boon

04. assistance

05. aid

Q-9 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.

Threatening

01. dangerous

02. ill-boding

03. sinister

04. safe

05. impending

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

Dormant

01. inactive

02. lively

03. alert

04. conscious

05. awake

Answers:-

Q.1 (5)

Q.2 (4)

Q.3 (2)

Q.4 (2)

Q.5 (5)

Q.6 (2)

Q.7 (2)

Q.8 (1)

Q.9 (4)

Q.10 (1)