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Friday, 12 January 2018

English Questions For IBPS Clerk Mains | 12 - 01 - 18

mahendra Guru
English Language Test For IBPS Clerk Mains | 23 - 12 - 17

Developing a solid foundation in English will not only help you to increase your knowledge but will also help you to score better in the exam. English is a major section in exams which candidate fears a lot. To boost your preparation, MahendraGuru is providing English Quiz for RBI Assistant/IBPS Clerk Mains and IBPS SO Exams exams.
With Mahendra Guru, be the first to know the changes in Grammar which keep you updated through its Practice sets.These practice sets will give you power in building your bright career.

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. 

Other than for articulating the monetary policy stance and the broad macroeconomic trends, the Reserve Bank of India's annual policy statement is noteworthy for its comprehensive stock-taking of development and regulatory issues, financial markets, and several other related areas. In effect, it has become a one-point source of reference for all current financial sector matters, both regulatory and developmental. In respect of a few of the issues, such as the licensing norms for new commercial banks, the RBI statement provides an amplification of what the Finance Minister announced in his budget speech. Others, such as a road map for foreign banks, are in the domain of the central bank and needed to be updated. On the financial markets and financial sector reform, the RBI's well-known, measured approach is again in evidence. The financial system will stand to benefit only incrementally from the new products that have been announced. Obviously, the lessons from the financial crisis will guide the central bank in its approach to financial sector reform and intermediation. There are a few measures to strengthen financial sector regulation on an ongoing basis and improve the efficiency of the banking sector, while maintaining financial stability.

The RBI, which is expected to play a pivotal role in the new Financial Stability and Development Council, released its first financial stability report in March. In a significant initiative that will ensure transparency in the cost and delivery of credit, the RBI has issued guidelines for banks to switch over to a new system of base rate calculation from July 1. It will no longer be possible for banks to dispense credit at below the benchmark rates, which will be calculated in a transparent manner. Several new financial products are to be introduced but only after they have been deliberated upon. Regulation norms for non-convertible debentures and the final guidelines relating to over-the-counter foreign exchange derivatives are expected to be announced by June. The decision to boost infrastructure finance by relaxing the holding norms of eligible bonds by banks is a continuation of the policy thrust in this critical area. In two areas of great common interest — the operation of foreign banks and issuance of new bank licenses — the RBI is likely to proceed cautiously. The consensus among regulators is to encourage foreign banks to incorporate subsidiaries in the country rather than operate through branches. Given its potential for controversy, the RBI has decided to delegate the task of vetting applications for new bank licenses to an outside body. 

Q1. Which of the following has issued guidelines for banks to switch over to a new system of base rate calculation? 

(1) The Finance Minister 

(2) The RBI 

(3) Financial Stability and Development Council 

(4) The Defence Minister 

(5) The Finance Ministry 

Q2. The lessons from which crisis will guide the central bank in its approach to financial sector reform and intermediation? 

(1) The financial crisis 

(2) The internal crisis 

(3) The external crisis 

(4) The neighboring country’s internal crisis 

(5) The import-export crisis

Q3. The Reserve Bank of India's annual policy statement is noteworthy for its- 

(A) comprehensive stock-taking of development and regulatory issues 
(B) financial markets 
(C) several other related areas 

(1) Only A


(2) Only B and C


(3) All A, B and C


(4) Only A and B


(5) Only A and C

Q4. Which of the following statement is NOT TRUE according to the passage? 

(1) Given its potential for controversy, the RBI has decided to delegate the task of vetting applications for old bank licenses to an inside body. 

(2) Regulation norms for non-convertible debentures and the final guidelines relating to over-the-counter foreign exchange derivatives are expected to be announced by June. 

(3) In a significant initiative that will ensure transparency in the cost and delivery of credit, the RBI has issued guidelines for banks to switch over to a new system of base rate calculation from July 1. 

(4) It will no longer be possible for banks to dispense credit at below the benchmark rates, which will be calculated in a transparent manner. 

(5) The decision to boost infrastructure finance by relaxing the holding norms of eligible bonds by banks is a continuation of the policy thrust in this critical area.

Q5. Which of the following statement is TRUE according to the passage? 

A. On the financial markets and financial sector reform, the RBI's well-known, measured approach is again in evidence. 

B. There are a few measures to strengthen financial sector regulation on an ongoing basis and improve the efficiency of the banking sector, while maintaining financial stability. 

C. Other than for articulating the monetary policy stance and the broad macroeconomic trends, the Reserve Bank of India's annual policy statement is noteworthy for its comprehensive stock-taking of development and regulatory issues, financial markets, and several other related areas. 

(1) Only A 

(2) Only B 

(3) Only C 

(4) All A, B and C 

(5) Only A and B

Q6. Which of the following is the appropriate title of the passage? 

(1) Regulation norms 

(2) The RBI 

(3) The LIC 

(4) The CBI 

(5) Beyond monetary measures

Q7. Choose the word most SIMILAR in meaning to the word printed in bold, as used in the passage. 

Articulating 

(1) Enunciate 

(2) Bumble 

(3) Ask 

(4) Misrepresent 

(5) Disconnect

Q8. Choose the word most SIMILAR in meaning to the word printed in bold, as used in the passage. 

Stance 

(1) Mime 

(2) Treacherous 

(3) Portray 

(4) Depict 

(5) Posture

Q9. Choose the word which is most nearly the OPPOSITE in meaning as the word printed in bold as used in the passage. 

Controversy 

(1) Agreement 

(2) Debate 

(3) Dispute 

(4) Strife 

(5) Wrangle

Q10. Choose the word which is most nearly the OPPOSITE in meaning as the word printed in bold as used in the passage. 

Continuation 

(1) Maintenance 

(2) Fade 

(3) Cessation 

(4) Detention 

(5) Guts


Answer:- Q1. (2) Q2. (1) Q3. (3) Q4. (1) Q5. (4) Q6. (5) Q7. (1) Q8. (5) Q9. (1) Q10. (3)

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