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.
Q1-10 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)
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