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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 mould your preparations in the right direction, and the regular practice of these quizzes will be very helpful in scoring good marks in the Examination. Here we are providing you with the critical question of English Language for the IBPS | RBI | SBI | NABARD | LIC.
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 worrying aspect that came out in the press interaction following the policy is the feeling that perhaps the RBI has lowered its view on neutral real policy rates to 125 bps. The former governor, in his talk on the 10th Statistics Day Conference in Mumbai, showed a chart plotting real policy rates around the world. He said, “Given our real growth is amongst the highest in the world, while our inflation is in the upper tier, one would expect our real policy rate to be high. Instead, it is right in the middle of the pack of large countries, and significantly lower than China, a country we often like to compare ourselves with.” Clearly, therefore, the most important takeaway of this policy from the new MPC and the new governor is that there seems to be a change in stance regarding the neutral policy rate. The justification given in the press interaction, comparing our rate with advanced countries and not with China or Mexico is one-sided. This change in stance — if interpreted correctly — does not augur well for savers and pensioners.
Part B of the policy statement relates to developmental and regulatory policies that are outside the remit of the MPC and represents RBI policies. Most of what has been announced represents continuation of works in progress. Two points deserve to be highlighted. The first relates to the “Scheme for Sustainable Structuring of Stressed Assets’ (S4A) introduced in January 2016 that provides an avenue for reworking the financial structure of entities facing genuine difficulties and requiring coordinated deep financial restructuring.
The RBI has decided to allow that portion of debt determined to be sustainable to be treated as a standard asset in all cases, subject to certain conditions. This is a double-edged sword as sustainability of a debt depends critically on the assumptions of future cash flows, which are quite uncertain. The provisioning requirement depends on assessment of fair value that is also quite nebulous. In the circumstances, allowing the standard asset classification in such cases where there is no change in promoter could turn out to be risky, and individual large cases may be required to be subjected to supervisory oversight. It is hoped that when the final guidelines are issued, there would be a mention of such oversight.
Q1 Allowing the standard asset classification in the cases where there is no change in promoter could turn out to be
01. funny
02. risky
03. beneficial
04. logical
05. silly
Q2 What is the worrying aspect that came out in the press interaction following the policy is the feeling?
01. Perhaps the RBI has lowered its view on neutral real policy rates to 125 bps
02. The policy statement relates to developmental
03. Deep financial restructuring
04. China or Mexico is one-sided
05. The RBI has upgraded its view on neutral real policy rates.
Q3 What is the most important takeaway of the policy from the new MPC and the new governor?
01. Most of what has been announced represents continuation of works in progress.
02. The justification given in the press interaction
03. Two points deserve to be highlighted.
04. There seems to be a change in stance regarding the neutral policy rate
05. Financial restructuring
Q4 Choose the appropriate title for the above passage?
01. The standard asset classification
02. Large countries
03. The final guidelines
04. A bitter pill for savers, pensioners
05. Financial restructuring
Q5 Which of the following statement is TRUE according the passage?
01. The justification given in the press interaction, comparing our rate with advanced countries.
02. The change in stance — if interpreted correctly — does not augur well for savers and pensioners.
03. Part B of the policy statement relates to developmental and regulatory policies that are outside the remit of the MPC and represents RBI policies.
04. Most of what has been announced in policy, represents continuation of works in progress.
05. All are true
Q6 Which of the following statement is NOT TRUE according the passage?
01. The first point in the policy provides an avenue for reworking the financial structure of entities facing genuine difficulties and requiring coordinated deep financial restructuring.
02. The RBI has decided to allow that portion of debt determined to be sustainable to be treated as a standard asset in all cases, subject to certain conditions.
03. There is a double-edged sword as sustainability of a debt depends critically on the assumptions of future cash flows, which are quite uncertain.
04. The first point in the policy relates to the “Scheme for Sustainable Structuring of Stressed Assets’ (S4A) introduced in January 2016.
05. The provisioning requirement depends on assessment of fair value that is also quite distinct.
Q7 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Nebulous
01. Ambiguous
02. Amorphous
03. Hazy
04. Imprecise
05. Apparent
Q8 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Sustainability
01. confirmed
02. cancel
03. revoke
04. end
05. remit
Q9 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Oversight
01. lapse
02. achievement
03. chasm
04. delinquency
05. dereliction
Q10 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Supervisory
01. blockage
02. base
03. outside
04. bureaucratic
05. exterior
Answers-
Q.1 (2)
Q.2 (1)
Q.3 (1)
Q.4 (4)
Q.5 (5)
Q.6 (5)
Q.7 (5)
Q.8 (1)
Q.9 (2)
Q.10 (4)
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