English Language Quiz For IBPS |RBI | NABARD & SBI Exam | 24-02-2022

 

Dear Readers,

Mahendras has started special quizzes for IBPS  |RBI  | NABARD & 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  |RBI  | NABARD & SBI Exam.

1-5. Read the following passage carefully and answer the questions given below it.

Habituated to pressing for tax cuts no matter how unjustified they are, House Republicans have marred their corporate-tax plan with a ploy that would slash taxes for the rich and pile up more federal debt. The overall plan would lower the corporate tax rate to 20 percent, from 35 percent. For unincorporated businesses, the top rate would drop to 25 percent, from 39.6 percent. Businesses could deduct the cost of new equipment in the first year, rather than gradually. Most other deductions would be eliminated. In addition, business taxes would be “border adjustable” — taxing the goods a company imports to sell here or to make other products, not taxing the income it makes from selling a product overseas.

On its face, the border adjustment tax, or BAT, appears to discourage imports and encourage exports, and thus to dovetail with the US President’s antitrade rhetoric. There is, in fact, debate over its potential effect on trade, but that has not stopped Republican proponents from claiming that it would narrow the trade deficit while raising substantial revenue. That might be the case in the near term, but not in the longer run, and therein lies a very big problem of the Republicans’ own making. Republicans are relying on a BAT to raise over $1 trillion in the next 10 years to be used for — what else? — compensating for big cuts in business and individual tax rates. Substantial BAT revenue is plausible in the near term because imports are currently far larger than exports; as a result, the BAT on imports would raise more revenue than would be lost by exempting exports from tax.

But there is no reason to believe that the projected BAT revenue would last beyond the 10-year window. By Republicans’ own argument, which is shared by some economists, the import tax would shrink the trade deficit — and as the deficit shrinks, so would BAT revenue. Even if that didn’t happen, projections of long-term revenue growth from a BAT would require an unsustainably large trade deficit to last forever — which isn’t a reasonable assumption. Another problem with the BAT revenue estimate is that it does not take into account that importers would devise ways to avoid the tax, a serious concern given Republicans’ pledge to deeply cut spending on tax enforcement. What Republicans are actually proposing is to pair temporary tax revenue with permanent tax cuts, overwhelmingly for the wealthy. That is a recipe for big budget deficits, or an excuse to make more spending cuts to programs for people who aren’t rich.

1 In which condition the “Business taxes” would be “border adjustable”?

A. By taxing the goods a company imports to sell.

B. By taxing the goods to make other products.

C. By not taxing the income the company makes from selling a product overseas.

01. Both B and C

02. Only C

03. Both A and B

04. All A, B and C

05. Only A

2 What has been claimed by the Republican proponents?

01. BAT would widen the trade deficit while narrowing substantial revenue.

02. BAT would repair temporary tax revenue.

03. BAT would narrow the trade deficit while raising substantial revenue.

04. BAT would narrow the trade deficit while having to meet with permanent tax cuts.

05. BAT would narrow the trade deficit and thus it is overwhelmingly acceptable for the wealthy.

3 Why it is considered that Substantial BAT revenue is plausible in the near term?

A. Because the BAT on imports would raise more revenue.

B. Because the more revenue would be lost by exempting exports from tax.

C. Because imports are currently far larger than exports.

01. Both B and C

02. Only C

03. Both A and B

04. All A, B and C

05. Only A

4 Choose the appropriate title for the above passage?

01. How Good Tax Ideas Go Bad

02. How to avoid adding to the deficit

03. Advantage of corporate rate

04. How Republicans are actually proposing

05. How the BAT revenue estimates the Tax

5 What would be the resultant of the deflated trade deficit by the import tax?

A. BAT revenue will be declined.

B. BAT revenue will be inclined.

C. Import tax will be increased.

01. Both B and C

02. Only C

03. Both A and B

04. All A, B and C

05. Only A

6-10. In the following passage there are blanks each of which has been numbered as well as filled with a word which may be appropriate in context of the passage or maybe not. If the word highlighted is incorrect and needs improvement then choose any one option suggested given below. But if the given word is correct and requires no change then mark (5) i.e. no change required as your answer.

India has notoriously ______ (A) bad cellular connectivity, especially in terms of quality—call drops, for instance. Sure, prices are about the lowest in the world, and the overall footprint is reasonable, but even urban areas, especially Delhi, have worse than average quality. A simple “solution” would be to build more cell towers. This is technologically easy, but (1) it’s expensive; and (2) zoning would indication ______ (B) a challenge—getting permissions to put up cell towers. Instead, why not offload much of the traffic to “femtocells”—tiny, licence-free (and sometimes individual-user) “cell towers” installed by end consumers? Contrary to popular belief, we suffer poor connectivity not because existing towers are too far away but usually because they are overloaded. In a (say) kilometre radius, one may have hundreds of people who ______ (C) signal is strong enough to connect, but the spectrum cannot handle that many simultaneous users owing to congestion.

The rising requirement for data needs far shallow _______ (D) bandwidth than for voice calls. The only solution, short of enhancing our spectrum allocations or significant technology upgrades, is to make smaller but many more cells. But this would lead to economic and zoning problems. Introducing femtocells and other disruptions: Unlike traditional cell towers, femtocells, are tiny. Being ultra-low power (hence the tiny cell sizes), these can be owned and installed by the end consumer, like a home Wi-Fi router. The analogy to a home router goes beyond size or rough cost as femtocells use the end user’s broadband or internet connection ______ (E) to back-haul traffic to the rest of the system. If you have a broadband connection, you could plug the ethernet cable into the femtocell and automatically use this for your cellphone instead of the overloaded neighbourhood cell tower.

6 Choose the correct option for (A)

01. promptly

02. superficially

03. ideally

04. combine

05. No change required

7 Choose the correct option for (B)

01. assortment

02. details

03. qualities

04. remain

05. No change required

8 Choose the correct option for (C)

01. which

02. whom

03. whose

04. why

05. No change required

9 Choose the correct option for (D)

01. consider

02. account

03. greater

04. chubby

05. No change required

10 Choose the correct option for (E)

01. accounts

02. retention

03. connection

04. conviction

05. No change required

Answers:-

Q.1 (3)

Q.2 (3)

Q.3 (2)

Q.4 (1)

Q.5 (5)

Q.6 (5)

Q.7 (4)

Q.8 (3)

Q.9 (1)

Q.10 (3)