2019 SBI PO MAIN LEVEL ENGLISH SOLVED
TEST-III :
ENGLISH LANGUAGE
Directions (Q. 81-85) : Read the
following passage divided into a number of paragraphs carefully and answer the
questions given below it.
Paragraph 1. One of the most
remarkable developments in recent decades has been the rise of China,
spearheaded since 1978, by the visionary leadership and economic reforms of
Deng Xiao Ping. China registered the highest rate of economic growth in
history, growing at an average rate of 9.5 per cent annually, for over three
decades. This followed the earlier rise of Japan between 1950-1989, with an
average annual rate of growth rate of 6.7 per cent. Deng transformed a country
crippled by centralized planning and state control of industries, into a more
decentralized economy, with increasing involvement of private initiative. This
era saw market reforms leading to a surge in exports, with China emerging as
the largest exporter in the world.
Paragraph 2. China’s private
sector today controls around 80 percent of its industry and virtually the
entire agricultural sector. State farms today employ barely 1 percent of
agricultural labour. There are 658 billionaires in China, which is ruled by a
“Communist” Party, as against 584 in the US, ruled by Trump’s right-wing
Republican Party! President Xi Jinping has now emerged as China’s unquestioned
leader, seeking to match the earlier preeminence of Deng Xiao Ping. Among Xi’s
“mantras” to achieve his ambitions is the now famous ‘One Belt One Road’ (OBOR)
project, involving the use of Chinese construction companies, which have huge
surplus capacities, in projects abroad. These companies did a stupendous job in
China over the past three decades. They now have the surplus capacity,
including labour and machinery, arising from the relatively small number of construction
projects, yet to be undertaken in China.
Paragraph 3. President Xi’s
‘Belt and Road’ initiative is not only involved in building roads and bridges
but also railways, ports, dams, power stations and other infrastructure
projects across 68 countries, spanning Asia, Africa and Europe. Estimates of
total investments envisaged for these projects vary from $1 trillion to $1.3 trillion.
The primary focus is on the Eurasian landmass. The main source of concern in
India, however, pertains to Chinese projects across the Indian Ocean. While the
OBOR focuses primarily on the construction of roads, bridges, electrical power
projects and dams, the terms for such assistance are opaque. Moreover,
relatively little attention is paid to developing indigenous skills and
capacities for operations and maintenance. The terms of interest and repayment
are far less generous than the vastly concessional assistance/aid provided by
institutions like the World Bank and Asian Development Bank, or bilaterally by
countries like Japan and Germany.
Paragraph 4. The net result
of this Chinese “generosity” is that a number of developing countries, beguiled
by Chinese protestations of altruistic assistance, soon find themselves handing
over substantial tracts of territory and natural resources to the Chinese, with
little development of indigenous skills and expertise. There is very limited
transparency in Chinese “aid.” Moreover, there are cases of ruling elites
across Asia and Africa falling prey to Chinese “inducements”.
Paragraph 5. India’s western
Indian Ocean neighbourhood, in an area extending from Djibouti and Mombasa on
the shores of East Africa, to Gwadar in Baluchistan and to Hambantota and
Colombo, in Sri Lanka, remains its primary source of concern about Chinese
intentions. Using its “aid” as leverage, China has secured its first military
base in the East African port of Djibouti. China has, in turn, undertaken work
on port facilities, construction of two airports and a rail line, from
Djibouti, across landlocked Ethiopia. In neighbouring Kenya, China’s
involvement in the strategic port of Mombasa and construction of a railway line
linking the port to the capital Nairobi, have also raised eyebrows
internationally. There are growing apprehensions in Kenya that it would soon be
unable to repay its debts to China and be forced to make “concessions”, on the
management and use of Mombasa port. China is the largest lender to Kenya, with
debt liabilities reportedly amounting to around $42 billion.
81. What
made China the largest exporter in the world?
Answer
on the basis of paragraph 1.
I. Centralised
planning II. State control of
industries III. Market reforms
1) Only I 2) Only II
3) Only III 4) Only I and II 5) All I, II and III
82. Why
did President Xi Jinping offer the ‘One Belt One Road’ (OBOR) project to none
other than the Chinese construction companies? Answer on the basis of paragraph
2.
I. Because
Sino-US relations have deteriorated over the last few years
II. Because
the Chinese companies themselves have done a stupendous job in China over the
past three decades
III. Because
China is such a conservative country that it would never like the foreign
construction companies to earn a huge profit from such a huge project
1) Only
I 2)
Only II 3) Only III 4) Only I and II 5) All I, II and III
83. Why
are the terms of interest and repayment far less generous than the vastly
concessional assistance/aid provided by institutions like the World Bank and
Asian Development Bank?
I. Because
the repayment history of China is not good
II. Because
the purpose of the loan is not the welfare of the people at large
III. Because
China is one of the largest economies in the world and is capable of paying any
rate of interest
1) Only
I 2) Only I and II 3) Only III
4) Only II 5) Not clear from the passage
84. What
is the opposite of the term ‘inducement’?
A. bait B. spur
C. repulsion
1) Only
A 2) Only B 3) Only
C 4) Both A and B 5) All A, B and C
85. Kenya
is more concerned about Chinese projects. What is/are the reason(s) thereof?
I. Kenya
is a creditor to China
II. It
would be forced to make “concessions” on the management and use of Mombasa
port.
III. It
would soon be unable to repay its debts to China.
1) Only
I 2) Only II 3) Only III
4) Only II and III 5) All I, II and III
Directions (Q. 86-90) : Read the following
passage divided into a number of paragraphs carefully and answer the questions
that follow it.
Paragraph 1. At the end of
2018, Germany narrowly escaped a technical recession as it came very close to
registering two consecutive quarters of negative growth. Then at the end of
January 2019, Berlin slashed its economic forecast from 1.8 per cent to just 1
per cent for 2019. And a few days ago, the German government revised again its 2019
forecast, cutting it by half, from 1 per cent to 0.5 per cent. In the present
global context it would take very little additional headwind for Europe’s
number one economy to slide into recession by year-end. Like all other major economies,
Germany is confronted to the negative impact of a synchronized global slowdown,
of the rise of protectionism and of the very disturbing uncertainties
associated with Brexit. However, a number of structural challenges are emerging
which might set the stage for rocky years ahead for the German economy.
Paragraph 2. The
infrastructure network so crucial for economic efficiency is now showing
increasing wear and tear due to the lack of sufficient infrastructure investment
and increasing traffic. According to a study from the University of
Duisburg-Essen, traffic jams caused more than $68 billion loss in 2018 due to
wasted working time and delivery delays, while – according to another study –
the investment gap at the municipal level excluding regional and national
projects stands at $180 billion. Eleven per cent of the country’s highway
bridges are officially in “unsatisfactory condition”. Digital connectivity lags
seriously behind. Germany ranks 76th in the world in terms of mobile
phone penetration. While the present coalition has pledged an infrastructure
investment push, it remains to be seen how much will be accomplished in the
context of shrinking revenue due to the economic slowdown in a country which
strives for budget surpluses.
Paragraph 3. Germany’s
banking system, while considered to be in a stable and solid situation with
very low rates of non-performing loans and good levels of capitalization, is
also confronting a major challenge of profitability. This is not only due to
the long period of very low interest rates – more than half of bank loans are
on mortgages – but also because of high cost structures and the great
fragmentation of the sector. Deutsche Bank, the only German bank of
international dimensions, has suffered years of losses and continues to be
hampered by an intractable cost structure. The bank is looking at a merger with
Commerz-bank as a solution to its problems and to be able to compete globally.
But the move could result in a loss of revenue of $1.7 billion and it is facing
strong resistance from the unions concerned about the loss of jobs.
Paragraph 4. Depending on
how long interest rates will remain at their ultra-low levels-and this will be
the case for at least the whole of 2019 – the situation could result in a lessening
of the ability of the banks to finance the activities of the mittelstand – the
small and medium enterprises – which have been a key driver of Germany’s
economic dynamism. Adding to the present woes is the crisis of international
trade, particularly important for a country whose growth model is largely
dependent on exports which represent close to 40 per cent of GDP. German
industry is not only suffering from the slowdown of the Chinese economy – a
very significant market in the last few years – but is also under the threat of
President Trump raising tariffs on European cars, as German cars account for
more than 45 per cent of all European auto exports to the US.
Paragraph 5. Last but not least, the German auto industry
– a key pillar of the economy employing 800,000 people – already hampered by
huge penalties and class action suits as a result of the “Dieselgate”, the
manipulation of emission standards, is struggling to catch up in the global
race for the electric car. German automakers are at risk of missing their
target of one million electric cars on the road by 2020 and most probably will
not be able to achieve the emissions targets also set for 2020. The difficult
economic year the Germany is facing will test the cohesion of the CDU/SPD
coalition in Berlin in a context where the Alternative for Germany – the
far-right party – is the number one opposition force in the Bundestag with a
lot of “nuisance capability” and the rise of populist voices has not been
tamed. Chancellor Angela Merkel is gradually losing her ability to shape her
country’s trajectory after the poor performance of her Party, the CDU, at the
last elections.
86. Which
of the following is/re true about the German economy?
A. German
economy is Europe’s number one economy.
B. There
is no impact of Brexit movement German economy.
C. Global
slowdown has cast negative impact on German economy.
1) Only
(A) 2) Only (B) 3) Only (C)
4) Both (A) and (C) 5) All (A), (B) and (C)
87. At
present, the infrastructure network is showing increasing wear and tear. What
is/are the reason(s) thereof?
I. Unsatisfactory
condition of bridges and delayed running of trains
II. Digitalisation
of economy III. Insufficient
infrastructure investment
1) Only
I 2) Only II 3) Only
III 4) Only II and III 5) All I, II and III
88. What
is/are the reason(s) of the major challenges of profitability before Germany’s
banking system despite the fact that it is considered to be in a stable and
solid situation? Answer on the basis of paragraph 3.
I. Growing
heap of stressed assets II. Higher cost
structures
III. Long
period of very low interest rates
1) Only
I and II 2) Only II 3) Only
II and III 4) Only I 5) All I, II and III
89. What
is/are the major threats before German industry?
A. Threat
of President Trump raising tariffs on European cars
B. Slowdown
of the Chinese economy C. High interest
rates charged on bank loans
1) Only (A) and (B) 2) Only (B) and (C) 3) Only (A) and (C) 4) Only (A)
5) All
(A), (B) and (C)
90. Which
of the following in not based on the facts mentioned in paragraph 5?
I. It
seems impossible for the German automakers to achieve the target of one million
electric cars on the road by 2020.
II. After
the poor performance of her CDU party, Chancellor Angela Merkel is gradually
losing her ability to shape her country’s trajectory.
III. The
German auto industry is confident of winning the global race for the electric
car.
1) Only
I and II 2) Only II 3) Only
III 4) Only II and III 5) All I, II and III
Directions (Q. 91-95) : The following question
consists of a sentence which is divided into three parts which contain
grammatical error in one or more than one part of the sentence. Find the
correct alternative to replace those parts from the three options given below
each sentence to make the sentence grammatically correct. If there is an error
in any part of the sentence and none of these alternatives is correct to
replace that part then choose (4), ie. None of (I), (II) and (III), as your
answer. If the given sentence is grammatically correct or does not require any
correction, choose (5), ie. ‘No correction required’ as your answer.
91. A
company incorporated in India or a body created (I)/under an Act of Parliament
or a partnership firm or RBI-notified entities (II)/are defined as Indian
entities. (III)
I. A
company incorporated in India or a body to create
II. under
an Act of Parliament or a partnership firm or an RBI-notified entities
III. are
defined as Indian entity.
1) Only
I 2) Only III 3) Both I and II 4) None of I, II and III 5) No
correction required
92. Any
amount received into the foreign currency account by way of dividends
(I)/and/or other entitlements from the subsidiary shall be repatriated to India
(II)/within 30 days from the date of crediting. (III)
I. Any
amount received into the foreign currency account by ways of dividends
II. and/or
another entitlements from the subsidiary shall be repatriated to India
III. within
30 days from the date of credit.
1) Only
I 2)
Only III 3) Both I and II 4) None of I, II and III 5) No correction required
93. The
conditions stipulated under the RBI for opening a foreign currency account
include: Indian entities (I)/should be eligibility for making overseas direct
investments under the Foreign Exchange Management Act (FEMA); (II)/host country
regulations should stipulate that the investments into the country are required
to be routed through a designated account (III)
I. The
conditions stipulated by the RBI for opening a foreign currency account
include: Indian entities
II. should
be eligible for making overseas direct investments under the Foreign Exchange
Management Act (FEMA);
III. host
country regulations should stipulate that the investments into the country are
required to be routed throughout a designated account.
1) Only
I 2) Only III 3) Only
I and II 4) None of I, II and
III 5) No correction required
94. The
recent flooded of path-breaking reforms such as Goods and Services Tax (GST),
(I)/Insolvency and Bankruptcy Code, ease of doing business, (II)/and others
have set a new weather for business. (III)
I. The
recent flood of path-breaking reforms such as Goods and Services Tax (GST),
II. Insolvency
and Bankruptcy Code, easy for doing business,
III. and
others have set a new climate for business.
1) Only I and III 2) Only II
3) Only II and III 4) None of I,
II and III
5) No
correction required
95. To
ensuring GST’s further success as an economic booster, it should be
comprehensive across sectors (I)/with just thrice tax slabs and procedural simplifications,
(II)/including single registry for companies with pan-India operation. (III)
I. To
ensure GST’s further success as an economic boost, it should be comprehensive
across sectors
II. with
just three tax slabs and procedure simplifications,
III. including
single registration for companies across pan-India operations.
1) Only
I and III 2) Only II 3) Only II and III 4)
None of I, II and III
5) No
correction required
Directions (Q. 96-98) : In the questions given
below there are two statements. Each statement consists of two blanks. You have
to choose the option which provides the correct set of words that fit both the
blanks in both the statements appropriately and in the same order, making them
meaningful and grammatically correct.
96. a) I
________ that we should ______, and they agreed.
b) They
________ we ________ up at Domino’s.
1) realized,
reinforce 2) invoked, dismiss 3) accustomed, climb 4) acquiesced, enjoy
5) suggested, meet
97. a) Economists
measure a firm’s economic profit as total ________ minus total cost, including
both ________ and implicit costs.
b) Accountants
measure the accounting profit as the firm’s total ________ minus only the
firm’s ________ cost.
1) revenue, explicit 2) investment, expected 3) outgo, forecast 4) outlay, recurring
5)
estimation, hidden
98. a) By
reducing the output of a factory to zero, the company could ________ the
________ of raw materials and much of the labour.
b) The
only way to ________ fixed ________ would be to close the doors, turn off the
electricity, and perhaps even sell off or scrap the machinery.
1) exempt,
quantity 2) expend, availability 3) examine, acquisition 4) eliminate,
costs
5)
incur, export
Directions (Q. 99-100) : In the questions given
below, parts of a sentence are jumbled up. Arrange them sequentially to form a
correct and coherent sentence.
99. The entirely
predictable consequence of this failure,/instead of bemoaning/it is time to ask
how to shape/the welfarist agenda in a manner that/long-term Indian growth is
assured
1) The
welfarist agenda in a manner that instead of bemoaning the entirely predictable
consequence of this failure, it is time to ask how to shape long-term Indian
growth is assured.
2) Instead of bemoaning the entirely
predictable consequence of this failure, it is time to ask how to shape the
welfarist agenda in a manner that long-term Indian growth is assured.
3) The
entirely predictable consequence of this failure, it is time to ask how to
shape the welfarist agenda in a manner that long-term Indian growth is assured
instead of bemoaning.
4) Instead
of bemoaning the welfarist agenda in a manner that the entirely predictable
consequence of this failure, it is time to ask how to shape long-term Indian
growth is assured.
5) It is
time to ask how to shape long-term Indian growth is assured the welfarist
agenda in a manner that instead of bemoaning the entirely predictable consequence
of this failure.
100. The
current Chinese law,/which took effect in 2008,/or more than 40 hours in a
week/requires overtime pay for workers/who put in more than eight hours in a
day
1) Who
put in more than eight hours in a day the current Chinese law, which took
effect in 2008, requires overtime pay for workers or more than 40 hours in a
week.
2) The
current Chinese law, requires overtime pay for workers who put in more than
eight hours in a day or more than 40 hours in a week which took effect in 2008.
3) The
current Chinese law, who put in more than eight hours in a day, which took
effect in 2008, requires overtime pay for workers or more than 40 hours in a
week.
4) Who
put in more than eight hours in a day or more than 40 hours in a week the
current Chinese law, which took effect in 2008, requires overtime pay for
workers.
5) The current Chinese law, which took effect
in 2008, requires overtime pay for workers who put in more than eight hours in
a day or more than 40 hours in a week.
Directions (Q. 101-103) : In the given
questions an inference is given in bold which is then followed by three
paragraphs. You have to find the paragraph(s) from where it is inferred. Choose
the option with the best possible outcome as your choice.
101. The Supreme Court is acting as the de facto
central bank of India.
I. By
striking down the RBI’s February 2018 circular that mandated banks to draw up a
resolution plan within 180 days of default or file for insolvency under IBC,
the Supreme Court has delivered a body blow to the clean-up efforts currently underway
in the banking system. After all, the growing concerns over the NPA mess being brushed
under the carpet by banks in the guise of various restructuring schemes, were
not unfounded. The starling pace at which bad loans started to pile up in the
first nine months of the 2018 fiscal despite the massive clean-up after the
RBI’s asset quality review in December 2015, had led the regulator to scrap all
restructuring schemes – CDR, SDR, S4A or 5/25 – and nudge banks to hasten resolution
of stressed assets.
II. The
quashing of the RBI’s diktat has, however, turned the clock back on resolution
of stressed assets. Proceedings initiated by banks pursuant to the RBI’s
circular face an uncertain future. While banks can use their own discretion to proceed
under IBC on a case-to-case basis, past experience suggests that a proactive
move by lenders is unlikely. The perennial issues of ever greening the NPA problem
and banks dragging their feet on decision making and taking relevant haircuts
could come back to haunt the sector.
III. But
more importantly, the Supreme Court’s order undermines the RBI’s position as an
independent regulator. The Allahabad High Court ruling that had denied interim
relief to power companies from the RBI’s February circular had rightly
recognized “the position of pre-eminence that RBI enjoys by virtue of being the
central bank of the country”. It had also pointed to the intent of the
government in the amendment of Section 35A of the Banking Regulation Act, empowering
the RBI to deal with the subject of stressed assets. The Supreme Court has
instead – on a technicality – struck down the February circular as being ultra
vires (or beyond the legal ambit) vis-Ã -vis Section 35 AA, under which the RBI
issued the circular.
1) Only
I 2) Only II 3) Only III
4) Both I and II 5) All I, II and III
102. The reduction in the repo rate by the MPC
will not be baseless.
I. The
ongoing Monetary Policy Committee (MPC) meeting could be an interesting one as
it happens just a week before the general elections kicks in. The moral code of
conduct is under way, and there is little that the government can do directly.
However, should the RBI become too lenient, it may give skeptics an opportunity
to say that it was ‘influenced’ by the government of the day. While former RBI
Governors Reghuram Rajan in 2014 and YV Reddy in 2004 had kept the policy rate
unchanged, D Subbarao reduced it by 25 basis points (bps) in 2009.
II. The
MPC has plausible reasons to reduce the repo rate marginally this time round,
unless it decides to wait and watch the impact of the previous policy. The MPC
in the sixth bi-monthly monetary policy statement, in February 2019, decided to
reduce the policy repo rate under the liquidity adjustment facility by 25 bps
to 6.25 per cent. The MPC also decided to change the monetary policy stance
from calibrated tightening to neutral.
III. The
MPC meeting will be referring to retail price inflation, measured by the
Consumer Price Index (CPI), which rose 2.57 per cent in February 2019 compared
with 4.44 per cent in the corresponding period last year. Any spiraling of
inflation is unlikely in the first quarter of this fiscal (FY20) given that the
supply of food, which has 47.25 per cent weightage in the CPI, is expected to
be adequate. While inflation has been tepid, factory performance is lagging.
The IIP (index of industrial production) fell to 1.66 per cent in January 2019
from 2.60 per cent in December 2018. The lackluster performance in industrial
production since November 2018 also gives a conceivable reason for the RBI to
cut rates once again in April 2019.
1) Only
I 2) Only II 3) Only III
4) Both II and III 5)
Both I and III
103. Fake facebook account holders not only
spread fake news and disturb communal harmony but also influence the social,
economic and political outcomes of a country.
I. Facebook’s
decision to take down over 1,000 pages and accounts for engaging in coordinated
inauthentic behavior or spam, exposes the systemic flaws when it comes to
policing social media platforms. The action was based on Facebook’s assessment
that the people behind the activity coordinated with one another and used fake
accounts to misrepresent themselves with the objective of manipulating people.
On the face of it the move by the social media platform looks like a credible
step to deal with fake news and communal propaganda; but the problem with this
approach is that it could trample on the right to free speech.
II. While
taking down the pages, Facebook has based its action on user behavior, not the
content they posted. This could set a disquieting precedent, as pages related
to political dissent or a social campaign could be taken down just because they
do not comply with Facebook’s rules, While platform owners can argue that they
have the right to decide what goes in and what’s taken down, the reality is that
social media outlets like Facebook cannot be treated like any other private
entity.
III. The
platform exerts immense influence on the social, economic and political
outcomes of a country. Facebook has been accused of looking the other way when
its platform was being allegedly misused to influence democratic processes in
the US. It has also been accused of not doing enough to prevent users’ data
from being leaked to entities which generated billions in profit.
1) Only
I 2) Only II 3) Only III
4) Both I and II 5) Both I and III
Directions (Q. 104-110) : In each of the
following questions a part of the sentence is underlined and given in bold.
Below the sentence, alternatives to the underlined and bold part are given at (1),
(2), (3), (4), and (5) which may help improve the sentence. Choose the correct
alternative.
104. In
April 2018, the International Monetary Fund projected the world economy would grow robustly, at just
above 3.9 per cent that year and into 2019.
1) projection
that the world economy would grow
2) projected
that the world’s economy will grow
3) is
projecting that the world economy would grow
4) has
projected that the world economy would be growing
5) projected that the world economy would grow
105. In
the past few months, China’s leaders, concerned
about their economy slowdown, began a new round of stimulus.
1) concerned
about their economy’s slowing down 2) concerning
their economy’s slowdown
3) concerned about their economy’s slowdown 4) concerned over their economy’s slowdown
5) concerned
about their economic slowdown
106. The
IMF, always reluctant to ring alarm bells on the global economy, is especially unwilling to counter a recent
upbeat sentiment.
1) especially unwilling to counter recent 2) specially unwilling to counter the recent
3) especially
unwilling to counter the recently 4) specially
unwilling to counter a recent
5)
especially unwilling to countering the recent
107. All-round economic engagement would not
between China and India be in the mutual interest of both nations?
1) Economic
engagement would not all-round 2) Would
not all-round in economic engagement
3) Would
not economic engagement all-round 4) Would not all-round economic engagement
5) Would
not all-round engagement economically
108. What could be seen as a convertly in
coordinated exercise involving Ecudador, the UK and the US, British police on
Thursday arrested Wikileaks’ 47-year-old Australian founder and publisher
Julian Assange on the less-than-sensational charge of skipping bail.
1) In
what could be seen as a covert 2) In what could be seen as a covertly
3) In
what could have seen as a covertly 4) What
could be seen as the covertly in
5) In
what had to be seen as a convert
109. Currency
in circulation constitutes the major share of high-powered money (reserve
money), whose other minor components are bankers’ deposits with RBI and other
deposits, mainly that in foreign
central banks.
1) mainly
that of foreign central banks. 2) mainly those of foreign central banks.
3) mainly
that of foreign central bank. 4) mainly
those of abroad central banks.
5)
mainly those in foreign central banking.
110. To
be fair, Assange’s ways of using the wrong ends of digital technology to obtain
classified data has imperiled news gathering by traditional media and even
denied them excess to information
which was otherwise accessible as regimes went paranoid after the
exposes of the likes of WikiLeaks.
1) accede
to information which was otherwise accessible
2) access
to information which was otherwise acceding
3) access to information which was otherwise
accessible
4) excessive
information which was otherwise accessible
5)
access to information which has otherwise acceding
Directions (Q. 111-115) : In the given
questions a statement with one blank followed by three alternatives is given.
Out of the three given alternatives one or more than one can fill up the given
blank. Choose the set of words from the given options which can be used to fill
up the blanks.
111. It
is ________ to note there has been a growing disconnect in the movement of
currency, increase in economic activity and increases in retail commodity price
inflation.
I. pertinent II. extravagant III. germane
1) Only I 2) Only II
3) Only III 4) Only I and III 5) Only II and III
112. The
purchasing power of currency has come down as rate of inflation ________.
I. resists II. persists III. desists
1) Only
I 2)
Only II 3) Only III 4) Only I and II 5) All I, II and III
113. A
logical conclusion is that the circular flow of money is not taking place –
that is, all currency when earned and spent is not coming back to the banking
_______.
I. system II. act
III. regulation
1) Only I 2) Only II
3) Only III 4) Only I and
II 5) Only II and III
114. As
far as liquidity is concerned, the US Federal Open Market Committee (FOMC)
changed its ________ to no rate hikes in 2019 as against its earlier proposal of
two hikes.
I. standpoint II. stance
III. position
1) Only
I 2) Only II 3) Only III
4) Only I and II 5) All I, II and III
115. The
challenge of the day is to _______ a balance between free speech and hate
speech.
I. strike II. maintain III. impel
1) Only
I 2) Only II 3) Only III
4) Only I and II 5) Only II and III
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ANSWERS
81.(3) 82.(2) 83.(4) 84.(3) 85.(4) 86.(4) 87.(3) 88.(3) 89.(1) 90.(3)
91.(5) 92.(2) 93.(3) 94.(1)
95.(4) (The
correct sentence is – To ensure GST’s further success as an economic booster,
it should be comprehensive across sectors with just three tax slabs and procedural
simplifications, including single registration for companies with pan-India operations.)
96.(5) 97.(1) 98.(4) 99.(2) 100.(5)
101.(5) 102.(4)
103.(5) 104.(5) 105.(3)
106.(1) 107.(4) 108.(2)
109.(2) 110.(3)
111.(1) 112.(2)
113.(1) 114.(5) 115.(4)
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