Here in English Scoring Part we are providing 10 Questions in Reading Comprehension, 5 Questions in Cloze Test, 5 Questions in Error Spotting, total 20 questions in 15 Minutes. By practicing these questions regularly you can increase your calculation speed and it will help you to increase your score.
Directions (Q. 1-10): Read the following passage carefully and answer the questions. Certain words/ phrases are given in bold to help you locate them while answering some of the questions.
The Centre has empowered the Reserve Bank of India to get banks to take tougher steps, including insolvency and bankruptcy proceedings against defaulters, to address the growing volume of bad loans on their books. An ordinance to amend the Banking Regulation Act of 1949 has been issued to quell doubts whether the existing provisions allowed the RBI to direct banks to deal with specific stressed assets. The RBI has also been vested with the power to form oversight committees wherever it deems fit. Currently such committees exist only for loans brought into a scheme for sustainable structuring of stressed assets, also known as S4A. Now the RBI can bring in such panels to monitor the alphabet soup of other mechanisms for tackling non-performing assets (NPAs) such as SDR (strategic debt restructuring) through the JLFs, or joint lenders’ forums. The hope is that this will let bankers take decisive calls on loan accounts that have turned bad, as an independent oversight committee’s approval could keep investigative agencies off their backs. Bankers may not always have the sectoral expertise to monetise or leverage assets underlying bad loans in the best possible way. Yet, their paralysis on the NPA front, with its collateral impact being the worst bank credit growth recorded in decades, is driven by the fear that they could get themselves implicated for poor lending and monitoring decisions. The success of this latest salvo against bad loans will depend on the fine print on how the ultimate decision — whether to take a haircut on a loan and restructure it or invoke bankruptcy clauses — is arrived at. Perhaps of equal significance is the reshuffle of certain public sector bank officials announced on Friday. This is a clear signal that the NDA government is losing its patience with bankers persisting with a status quoist approach. The ordinance is the latest attempt to resolve the twin balance sheet problem (of indebted borrowers and NPA-burdened lenders) plaguing India’s domestic investment cycle. In 2015, the Prime Minister launched a Gyan Sangam conclave with bankers, and an Indradhanush road map to revitalise public sector banks. Last year, a Banks Board Bureau was set up to recommend the appointment of top bosses at banks and help them develop strategies and plan raising of capital. If the government wants to see a spurt in investment and job-creation, it needs to do more than just pin its hopes on new oversight committees. It must amend the anti-corruption law as has been promised for a while now, and accept the need to fix the policy-level stress affecting sectors such as telecom, power and highways. Above all, the government cannot in the same breath argue that the political cost of reforms is dissipating, but that the ‘re-privatisation’ of banks as mooted by the RBI recently is still a holy cow for the Indian polity.
1).What are the main steps taken to address the problem of bad loans?
1. Amendment in Banking Regulation Act 1949.
2. Reserve Bank of India is empowered.
3. Banks are asked to disclose the Non Performing Assets.
Answer: D
1. Now RBI can form committees whenever needed.
2. Committees are formed for loans brought into S4A.
3. Committees only can review the loans.
Answer: D
3).What helps RBI to tackle issues like strategic debt restructuring through the joint lender’s forums?
1. Amendment in the Banking Regulation Act,1949.
2. RBI’s power to form the committees.
3. Alphabet soup of other mechanisms.
Answer: D
4). According to author, what is true?
1.Banks may not expert in monetizing the assets underlying bad loans.
2. NPA results in the worst bank credit growth.
3. Now investigative agencies don’t need to check on bad loan accounts.
Answer: E
5). What is true regarding passage?
1. Success of empowering RBI will depend on the decision taking ability.
2. Reshuffling of certain public sector bank officials can also help to tackle bad loans.
3. Government should do more than just depending on the committees for better development and job creation.
Answer: E
Directions (Questions- 06 to 10): Choose the word/group of words which is MOST SIMILAR in meaning to the word/group of words printed in bold as used in the passage.
6). Quell
Answer: A
7). Vested
Answer: A
8). Salvo
Answer: B
9). Alphabet soup
Answer: A
10). Plaguing
Answer: A
Directions (11-15):In the passage given below there are 5 blanks, each followed by a word given in bold. Even blank has four alternative words given in options (A),(B),(C) and (D). You have to tell which word will best suit the respective blank. Mark (E) as your answer if the work given in bold after the blank is your answer i.e “No change required”.
India has begun 11 (attain) for the possible sale of Akashsurface-to-air-missiles to Vietnam, a move that wouldsignificantly step-up the present military relationshipbetween the two countries. New Delhi already extendscooperation in areas like the maintenance of and training forfighters and submarines. The 12 ( associate) in such discussionswould be the two governments’ common concern aboutChina’s increasing assertiveness towards its neighbours,especially those with which 13 ( them) has territorial disputes.India is a new player in the area of arms exports.It sold over$300million worth in 2015 and the sale of the Akash would be afillip to these efforts.Butmore than any other variety of export,arms sales have 14 ( forking) that go beyond normal vendor buyer relations.One, any exporting nationmust be careful toensure that the weapons or technology it sells do not end up inthe wrong hands. Two, it must work out the geopoliticalmessaging that it will be sending by providing high-endweapon systems. Any country that sells an offensive weaponto another country must recognize that the latter’s enemieswill 15 (gloss) such a sale for implicit hostility to them aswell. </span>
11). ?
Explanation:- Here, ‘negotiating’ means bargaining or adjusting within, so it is correct in the context with the sale.
12). ?
Explanation:- ‘Subtext’ means meaning or reference in the discussion which has been discussed here.
13). ?
Explanation:- It is being talked here about one country- China(Singular)- so the pronoun ‘it’ will be used.
14). ?
Explanation:- ‘Ramifications’ means consequences or results, which is appropriate here.
15). ?
Explanation:- ‘Deconstruct’ is correct as it means dismantling
Directions (16-20): Read each sentence to find out whether there is any grammatical or idiomatic error in it. The error any, will be in one part of the sentence. The number of that part is the answer. If there is no error, the answer is (e):-
16).One would have think that insecure (a)/ fuel storage at forward military bases (b)/ is a problem that the army (c)/ wouldn’t be seized of in this day and age. (d)/ No error(e)
Explanation:- The sentence will have past tense in the verb ‘think’, so it will be ‘thought’ in the place of ‘think’. And it shows a possibility as ‘would have I used here.
Corrected Sentence:- One would have thought that insecure fuel storage at forward military bases is a problem that the army wouldn’t be seized of in this day and age.
17). Offence as the best form of (a)/ defense is a strategy that cannot (b)/ be carried in without getting(c)/ the basics right first.(d)/ No error(e)
Explanation:- The phrase ‘carried in’ is used wrongly here. It refers to implementing or executing a plan.
Corrected Sentence:- Offence as the best form of defense is a strategy that cannot be carried out without getting the basics right first.
18). The increase in the number in tax-payers (a)/ will require a significant increase in the(b)/ number of employees(c)/ engaged in tax collection and auditing.(d)/ No error(e)
Explanation:- The preposition ‘in’ with numbers__taxpayers is wrong here, as it misinterpret the phrase ‘number of’. So it will be replaced by ‘of’.
Corrected Sentence:- The increase in the number of tax-payers will require a significant increase in the number of employees engaged in tax collection and auditing.
19). The rise in bank deposits will make much(a)/ money available for lending and (b)/ put downward pressure on interest(c)/ rates unless RBI soaks up the extra liquidity.(d)/ No error(e)
Explanation:- The adjective ‘much’ will be replaced by ‘more, as ‘much’ gives a negative interpretation in the sentence.
Corrected Sentence:- The rise in bank deposits will make more money available for lending and put downward pressure on interest rates unless RBI soaks up the extra liquidity.
20). Lower corruption in the business sector(a)/ may will placing greater value on merit and (b)/ talent in labour markets and help(c)/ improve the quality of goods and services.(d)/ No error(e)
Explanation:- This is a general sentence, but depicts the future, so the verb ‘placing’ will be in simple form ‘place’ with the helping verb ‘will’, which is already used in the sentence.
Corrected Sentence:- Lower corruption in the business sector may place greater value on merit and talent in labour markets and help improve the quality of goods and services.
No comments:
Post a Comment