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Mahendras has started special quizzes for IBPS | RBI | SBI | NABARD | LIC so that you can practice more and more to crack the examination. This IBPS | RBI | SBI | NABARD | LIC 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 English Language for the IBPS | RBI | SBI | NABARD | LIC.
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.
The BSE Sensex and the NSE Nifty 50 closed at record levels. In less than seven months, equities areupastaggering19%.Themarketcapitalisation of Indian stocks hit $2 trillion, perceptibly (A) behind Canada’s and Germany’s. The NYSE, of course, is the giant in the ring, with a market capitalisation close to $20 trillion. Corporate performance has not been spectacular (B). Investment in the economy, particularly private corporate investment, is down. So, the fizz in the market cannot be explained by short-term considerations. India remains long term high growth story. So, investors (C) who are in the market for the long term need not be spooked(D) by the mismatch between the bounce in the market and hard economic data. But short-term turbulence (E) should not cause wild surprise. The good news bolstering confidence is the ruling party’s overwhelming victory in the state polls and the successful roll-out of the goods and services tax. These reinforce the long-term positive outlook: the government has lots of political capital and has the will to carry out significant reform. However, the short-term scenario could be bumpy. The price-earnings (PE) ratio is a good indicator of whether stocks are priced reasonably or not. The higher the ratio, the greater the chances that markets are overpriced. The PE ratio for the Sensex is now 22.71, a historical peak that overshadows the 20.72 number of 2006-07, before the global financial bubble exploded. It is not enough for fund managers to rely on ‘momentum’, a polite way to say investment sentiment moves in herds. Though we believe that governments should suspend (F) minimally in market operations, it certainly has a big role to play in reformist policy and action. Two areas are vital and urgent. One, to solve the bad-debt problem in our banks, without unnerve (G) bankers into lending paralysis. This will free up savings that can be invested. Two, create jobs—by supporting labour intensive activity—for the trying to enter the employment market. Unless the latter is done, the economy will be dogged by social tensions.
Q.1. Choose the correct option for (A)
(1) marginally
(2) great
(3) considerable
(4) significance
(5) No change required
Q.2. Choose the correct option for (B)
(1) common
(2) plain
(3) amaze
(4) remark
(5) No change required
Q.3. Choose the correct option for (C)
(1) bankers
(2) financier
(3) stockholder
(4) defaulters
(5) No change required
Q.4. Choose the correct option for (D)
(1) delighted
(2) chatter
(3) soothed
(4) inflame
(5) No change required
5-Choose the correct option for (E)
(1) peace
(2) stillness
(3) tranquility
(4) disturbed
(5) No change required
Q.6. Choose the correct option for (F)
(1) Step
(2) Conflict
(3) Interfere
(4) make
(5) No change required
Q7. Choose the correct option for (G)
(1) Spooking
(2) Petrify
(3) Alarmed
(4) Horrified
(5) No change required
Read the following passage carefully and answer the questions given below it
Certain words have been printed in bold to help you locate them while answering some questions. The latest Consumer Price Index data show headline retail inflation has decelerated to a record low of 1.54% in June. That the reading has slid below the 2% lower bound of the Reserve Bank of India’s medium-term target for CPI inflation has understandably led to calls for the RBI to support economic growth by cutting interest rates. Economists, including Chief Economic Adviser, have openly questioned the assumptions made by the majority of the members of the RBI’s Monetary Policy Committee with regard to prices and have urged a reboot of the policy rationale. Core inflation, which strips out the relatively volatile food and fuel prices, has also trended lower and eased below 4% for the first time in at least five years. And with the latest industrial output data from May reflecting weaknesses in key sectors like capital goods and consumer durables, the reasoning behind demands for monetary action that could help spur both investment and consumer demand is evident. Others have also flagged concerns about “deflationary trends” and the risks of relying too heavily on forecasting models. The voices exhorting the central bank to reduce interest rates are only going to grow ahead of its next bimonthly policy review at the beginning of August. For the six members of the RBI’s rate-setting panel, including the Governor and his deputy overseeing monetary policy, the data pose a conundrum that is going to test their sagacity. For one, the beneficial base effect will begin to reverse after peaking in July. Also, the majority of the risks to the inflation outlook that the committee’s participants had flagged collectively and individually at the last meeting in June, when they had opted to sit pat while retaining a neutral stance, are still largely relevant and yet to play out. The impact from the July 1 introduction of the Goods and Services Tax, for instance, will begin to feed into prices only over the coming months — based on the initial anecdotal trends in the prices of various services, there could be upward pressure on core inflation. Similarly, the payment of increased allowances under the Seventh Central Pay Commission’s award, which came into effect from the beginning of this month, could also start to transmit into price gains. As the deputy had pointed out at the last meeting, fiscally expansive measures taken by several State governments to address farmers’ demands for debt relief could pose a “tail risk” by triggering generalised inflation over time. And the restoration of the health of the banking sector, a key caveat for ensuring effective transmission of monetary policy, is as yet far from being close to a fruitful outcome. Ultimately, the RBI will have to weigh whether the current trend in inflation is likely to remain durable enough for it to make a move that doesn’t end up provingto be a costly error in the long run.
8-Which of the following statements is/are TRUE in the context of the passage?
A. The restoration of the health of the banking sector, a key caveat for ensuring effective transmission of monetary policy, is as yet far from being close to a fruitful outcome.
B. The deputy had pointed out at the last meeting, fiscally expansive measures taken by several state governments to address farmers’ demands for debt relief could pose a “tail risk” by triggering generalised inflation over time.
C. The payment of increased allowances under the seventh central pay commission’s award,
which came into effect from the beginning of this month, could also start to transmit into price
gains.
(1) Only A
(2) Only B
(3) Only C
(4) All A, B and C
(5) Only A and B
Q.9. Which of the following statements is/are NOT TRUE in the context of the passage?
A. For the six members of the RBI’s rate-setting panel, including the Governor and his deputy
overseeing monetary policy, the data pose a conundrum that is going to test their sagacity.
B. The majority of the risks to the inflation outlook that the committee’s participants had flagged collectively and individually are still largely relevant and yet to play out..
C. The latest Consumer Price Index data show headline retail inflation has decelerated to a record low of1.54% in June.
(1) Only A
(2) Only C
(3) All A, B and C
(4) Only A and B
(5) None of these
Q.10. What is truly said about the core inflation in the context of the passage?
A. It removes the relatively volatile food and fuel prices.
B. It has trended lower and eased below 4%.
C. On the basis of initial anecdotal trends in the prices of various services, there could be upward pressure on it.
(1) Only A
(2) Only B
(3) Only A and B
(4) Only C
(5) All A, B and C
Q.11. What is the reason mentioned in the passage for the voices exhorting against the central bank?
A. The voices urged to nullify interest rates.
B. The voices exhorted the central bank to reduce interest rates that are only going to grow ahead.
C. The voices exhorted that the inflation is likely to remain durable enough the central bank public to make a move.
(1) Only A
(2) Only B
(3) Only C
(4) All A, B and C
(5) None of these
Q.12. Choose the most appropriate title of the passage?
(1) Inflation conundrum – on the record low retail inflation
(2) The central Bank and its policy
(3) The Governor and the Deputy Governor
(4) Monetary Policy and its merits and demerits
(5) Restoration of the health of the banking sector
Answers:-
Q.1 (1)
Q.2 (5)
Q.3 (5)
Q.4 (5)
Q.5 (5)
Q.6 (5)
Q.7 (3)
Q.8 (1)
Q.9 (4)
Q.10 (5)
Q.11 (5)
Q.12 (2)
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