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Dear Readers,
Mahendras has started special quizzes for IBPS |RBI | NABARD so that you can practice more and more to crack the examination. This IBPS |RBI | 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 | NABARD .
1-5. 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.
RBI governor Raghuram Rajan is right to prod real estate developers to start reducing prices to increase sale of their inventory, rather than to harp on interest rate cuts. But he is wrong to bar banks from offering teaser loans, which should be seen as a commercial decision solely within the realm of marketing choices that banks make. Elementary economics says that when supply exceeds demand, you lower the price. But most realtors hold on, hoping to outwait the buyers. Moreover, India has not seen a property crash for many years, and globally, property has been prone to long cycles of price rise and fall. The country’s real estate market has partly been immune from price cycles due to the predominance of cash transactions in the sector. However, cash is not a choice for the salaried, who have become conscious of the prices they should pay. So, the market needs correction. However, builders say an increase in the cost of land and other input costs over the last few years does not give them leeway to bring down prices. They are not wrong either. Structural rigidities are stifling the Indian real estate market. The main reason property prices have gone out of reach is the artificial scarcity of urban land. Policy should identify zones for urbanisation.
Change of land use, thereafter, from farming to commercial or residential must become automatic. Automatic conversion without bureaucratic interference and by cutting out middlemen will reduce the cost of land. The government should also improve the ease and lower the cost of doing business here, meaning, eliminate the layers of corruption that add up to real estate cost. Teaser loans make sense for salaried borrowers, who often pay both a rent and the instalment on their home still under construction. When the home is ready for them to move in, and they no longer have to pay rent, they are okay with a higher rate of interest. Further, young people who buy homes also expect their incomes to go up in two-three years. Teaser loans suit the borrower and the lender. Why should the RBI say no?
1 What is the reason for property prices to rise in the Indian real estate market?
(A) The reason for property prices to rise is the artificial scarcity of urban land
(B) The reason for property prices to rise is the higher demand for land than supply
(C) The reason for property prices to rise is the increased cost of land and input costs.
01. Only A
02. Both A and B
03. Both A and C
04. Both B and C
05. All of the above
2 Which of the following statements is/are FALSE in the context of the above passage?
(A) When supply exceeds the demand all the realtors lower the price to sell the property.
(B) India has not witnessed the property crash for many years.
(C) The country’s real estate market has partly been immune from price cycles due to the predominance of cash transactions in the sector.
01. Only A
02. Only B
03. Both A and C
04. Both B and C
05. All are true
3 Which of the following could be the appropriate step to reduce the cost of land?
01. Change of land use, from farming to commercial or residential becoming automatic can reduce the cost of land.
02. Automatic conversion without bureaucratic interference can reduce the cost of land.
03. Eliminating the middlemen can reduce the cost of land.
04. The government should improve the ease and lower the tax rates.
05. Only 1, 2 and 3
4 Which of the following is the special feature of teaser loans?
01. teaser loans are mostly demanded by the salaried class
02. in teaser loans amount of instalment is not very high
03. in teaser loans rate of interest is not very high
04. Both 1 and 2
05. All are the features of teaser loans
5 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
STIFLING
01. easing
02. suffocating
03. difficulty
04. amending
05. complying
6-10. In the following question, a sentence with two blanks are given. Five options consisting a pair of words (1), (2), (3), (4) and (5) are suggested. Out of these, only one fits at both the places contextually. Choose the appropriate option.
6 Some ______ issues exist with the newly adopted system and need to be _______ seriously.
01. authentic, shunned
02. genuine, examined
03. complicated, solve
04. easy, hampered
05. duplicate, looked
7 Many organizations are ______ attractive incentives to their employees to boost employee __________.
01. deciding, interference
02. taking, welfare
03. proposing, retrenchment
04. offering, retention
05. planning, guidance
8 Coal mines ________ a major proportion of the sources which _________ damage to the environment.
01. consist, cause
02. delivered, leads
03. constitute, cause
04. implement, enhances
05. manifest, increases
9 ____ has been taken against some wholesale drug dealers for dealing in surgical items without a valid licence and maintaining a stock of ____ drugs.
01. Note, overwhelming
02. Step, impressive
03. Execution, outdated
04. Action, expired
05. Lawsuit, invalid
10 In an effort to provide ____ for higher education to all, most of the universities have been providing education without adequate infrastructure, thus churning out ____ graduates every year.
01. chances, fresh
02. platform, capable
03. opportunities, unemployable
04. prospects, eligible
05. policy, incompetent
Answers:-
Q.1 (3)
Q.2 (1)
Q.3 (5)
Q.4 (1)
Q.5 (2)
Q.6 (2)
Q.7 (4)
Q.8 (3)
Q.9 (4)
Q.10 (3)
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