English Language Quiz For IBPS | RBI | SBI | NABARD | 12-07-2022

 

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Mahendras has started special quizzes for  IBPS  | RBI  | SBI  | NABARD   so that you can practice more and more to crack the examination. This  IBPS  | RBI  | SBI  | NABARD    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  | SBI  | NABARD  .

Q1-8 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.

Traditionally, indirect tax policymakers have (1) the small and medium industry favourable tax treatment. This favourable treatment was provided on the (2) that small-scale units use fewer amounts of capital per unit of output and also provide more employment per unit of output. There is, however, not much evidence to establish that small-scale (3) exemptions in the past have really helped in the growth of the small-scale sector. Notwithstanding all this, the new Goods and Services Tax law does protect the small-scale duty benefits. The GST Council, which is the joint policy (4) group consisting of both the Centre and the States, has accepted an annual (5) limit of Rs 20 lakh turnover up to which GST will not be payable.

Beyond 20 lakh, for another additional Rs.30 lakh annual turnover, the GST rates would be a flat 1 per cent based on self-certification of the turnover, or on the basis of the turnover declared in the financial accounts of the company.

While the very small units are provided duty benefits or duty concessions, the GST does bring the small and medium units under a tight (6) regime which would be IT-driven. Every unit paying GST must have a GSTN number after registration. Smaller units that are under the compounding scheme with a turnover between Rs. 20 lakh and 50 lakh would require to be registered with a GSTN number.

There is now growing evidence that the small-scale exemptions in the past did not really incentivise the small-scale units to grow. On the other hand, they encouraged (7) in order to remain below the threshold level of exemption. The big difference in GST is that the entire value chain, from raw material to retail, has become (8) for the purpose of taxation. The Constitutional Amendment Bill empowers the Centre to tax trading, and the States to tax services. The Constitutional Amendment really ushers in the dual VAT.

Q1 Choose the correct option for (1)

01. accorded

02. according

03. framing

04. vernacular

05. lied

Q2 Choose the correct option for (2)

01. promise

02. premises

03. premise

04. compound

05. area

Q-3 Choose the correct option for (3)

01. excise

02. exercise

03. duty

04. filed

05. pave

Q-4 Choose the correct option for (4)

01. formulate

02. contrive

03. vindictive

04. amethyst

05. formulating

Q-5 Choose the correct option for (5)

01. sluggish

02. tardy

03. threshold

04. redact

05. approbate

Q-6 Choose the correct option for (6)

01. regulate

02. equivocal

03. regulatory

04. collateral

05. kindred

Q-7 Choose the correct option for (7)

01. borough

02. speck

03. fragmentation

04. imploding

05. shattered

Q-8 Choose the correct option for (8)

01. prolific

02. scathing

03. profuse

04. integrated

05. unite

Q9-10 Read each part of the sentence to find out if there is any error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, mark your answer as (5).

Q-9 Representatives of various social movements (1)/ from BRICS countries will attend a 2-day people's forum (2)/ beginning in Goa where we are(3)/ likely to voice resistance against neo-liberalism.(4)/No Error (5)

01. Representatives of various social movements

02. from BRICS countries will attend a 2-day people's forum

03. beginning in Goa where we are

04. likely to voice resistance against neo-liberalism

05. No Error

Q10 Exports of gems and jewellery grew by 11 per cent(1)/ during the first five months(2)/ of the current fiscal, driven large (3)/ by demand in India's major markets like the US.(4)/No Error (5)

01. Exports of gems and jewellery grew by 11 per cent

02. during the first five months

03. of the current fiscal, driven large

04. by demand in India's major markets like the US

05. No Error

Answers:-

Q.1 (1)

Q.2 (3)

Q.3 (1)

Q.4 (5)

Q.5 (1)

Q.6 (3)

Q.7 (3)

Q.8 (4)

Q.9 (3)

Q.10 (3)