Dear Aspirants,
Welcome to Mentor for Bank Exams.
Here is the English Lanugage Quiz to help you practice with the best
of latest pattern questions for the upcoming IBPS PO, IBPS Clerk and other bank
and Insurance Exams.
Directions (1 – 5): The following five sentences have to be arranged in
the proper sequence, so as to form a meaningful paragraph. On the basis of your
sequencing, answer the questions that follow
A. For one, selling equity in
non-core businesses is likely to prove more lucrative for the stressed PSBs
than raise capital in their main business.
B. This may not be desirable to
retain public confidence in distressed banks.
C. There are several advantages to
PSBs disinvesting stakes in these legacy businesses through the market route.
D. Three, With the stock market at
lifetime highs, this happens to be an excellent time to float public offers and
explore block sales of shares to institutions.
E. Two, Cutting the apron strings
will ensure that these banks do not need to find the capital to fund the growth
plans of these ventures.
F. Given the battered valuations of
most PSBs, raising new capital entails considerable equity expansion and a
steep dilution in government ownership of these banks.
1. Which would be the first sentence after rearrangement ?
A) C
B) F
C) D
D) E
E) A
Answer: A)
Explanation:
CAFBED
The passage is talking about various
advantages of disinvestment—-2. One, selling equity(—the clue is raise
capital)—which is in tune with (F—3. raising new capitals)——5. Two, cutting
srtings etc.
2. Which would be the fifth sentence after rearrangement ?
A) B
B) D
C) A
D) E
E) F
Answer: D
3. Which would be the fourth sentence after rearrangement ?
A) F
B) B
C) A
D) C
E) E
Answer: B
4. Which would be the last sentence after rearrangement ?
A) D
B) B
C) A
D) C
E) E
Answer: A
5. Which would be the second sentence after rearrangement ?
A) A
B) B
C) C
D) D
E) E
Directions (6 – 15): Read the following passage and answer the questions
that follows.
We are told that economy is growing
and that such growth benefits all of us. However, what you see is not what you
always get. Most people are experiencing declining economic security in
response to the problems of the global system. Many communities have turned to
Local Exchange Systems(LESs) to help regain some control over their economic
situations.
Local exchange systems come in many
forms. They often involve the creation of a local currency, or a system of
bartering labor, or trading of agricultural products as a means of supporting
the region in which they are traded. Such a system helps preserve the viability
of local economies.
Local currencies allow communities to
diversify their economies, reinvest resources back into their region and reduce
dependence on the highly concentrated and unstable global economy. Each local
currency system serves as an exchange bank for skills and resources that
individuals in the community are willing to trade. Whether in the form of paper
money, service credits, or other units, a local currency facilitates the
exchange of services and resources among the members of a community.
By providing incentives for local
trade, communities help their small businesses and reduce under-employment by
providing the jobs within the community. In addition, the local exchange of
food and seeds promotes environmental conservation and community food security.
Local food production reduces wasteful transportation and promotes
self-reliance and genetic diversity. Each transaction within a local exchange
system strengthens the community fabric as neighbours interact and meet one
another.
There are over 1’000 local exchange
programmes worldwide – more than 30 local paper currencies in North America and
at least 800 Local Exchange Trading Systems(LETS) throughout Europe, New
Zealand and Australia. Local Exchange Systems vary and evolve in accordance
with the needs and circumstances of the local areas. This diversity is critical
to the success of the local area. This diversity is critical to the success of
the local currencies. For instance, a bank in rural Massachusetts refused to
lend a farmer the money needed to make it through the winter. In response, the
farmer decided to print his own money Berkshire Farm Preserve Notes. In winter,
customers buy the notes for $9 and they may redeem them in the summer for $10
worth of vegetables. The system enabled the community to help a farm family
after being abandoned by the centralized monetary system. As small family farms
continue to disappear at an alarming rate, local currencies provide tools for
communities to bind together, support their local food growers and maintain
their local food suppliers.
Local Exchange Systems are not
limited to developed countries. Rural areas of Asia, Latin America and Africa
have offered some of the most effective and important programmes, by adopting
agriculture-based systems of exchange rather than monetary ones. In order to
preserve genetic diversity and economic security, and avoid dependence on
industrial seed and chemical companies, many villages have developed seed
saving exchange banks. For example, the village women in Ladakh have begun to collect and exchange
rare seeds selected for their ability to grow in a harsh mountain climate. This
exchange system protects agriculture diversity while promoting self-reliance.
Which is exactly why they are successful vehicles for localization and
sustainability. They promote local economic diversity and regional
self-reliance while responding to a region’s specific needs. Local exchange
system plays a pivotal role in creating
models for sustainable societies. They are an effective educational tool,
raising awareness about the global financial system and local economic matters.
Local exchange systems also economic demonstrate that tangible, creative
solutions exist and that communities can empower themselves to address global
problems.
6. Which of the following I same in the meaning as the word “limited to”
as used in the passage?
A) restricted to
B) extending beyond
C) validated for
D) adjusted
E) custodial
Answer: A
7. Which of the following can be a suitable title for the passage?
A) reasons LES must rule over the
regular currency
B) methods to escape global economic
issues
C) dependence of Asian countries on
LES
D) role of LES in development of
communities
E) LES – A futile exercise
Answer: D
8. Which of the following is most nearly the OPPOSITE in meaning of the word ‘pivotal’ as used in
the passage?
A) essential
B) unnourished
C) healthy
D) overriding
E) trivial
Answer: E
9. As mentioned in the passage, there is no set design to initiate local exchange system
as
A) they tend to work well only in
select countries
B) they are region-specific
C) they are too complicated to
understand
A) Only A
B) Only B
C) Both A & C
D) Both A & B
E) Only C
Answer: B
10. Which of the following is most nearly opposite in meaning of the word ‘bind’ as used in the passage?
A) visionless
B) separate
C) associate
D) loosen
E)
reunite
Answer: B
11. Which of the following statements is TRUE in the context of the
passage?
A) LES works well only in countries
whose economies are based primarily on agriculture
B) LES increases unhealthy
competition between communities from different regions
C) LES encourage communities to
become self-reliance
D) LES are restricted to trading with
paper money only.
E) None of these
Answer: C
12. As mentioned in the passage, local currencies can prove to be
beneficial for the community as they
A) assist in creating job
opportunities.
B) indirectly help in conserving the
environment.
C) aid in minimizing reliance on
global economy.
A) only A
B) Only B
C) Both A & C
D) Both A & B
E) All A B & C
Answer: C
13. Which of the following is the meaning of the phrase “what you see is
not what you always get”?
A) sharing info without hiding facts
B) being pessimistic while presenting
info
C) modifying info after taking
consent from every stakeholder
D) waiting to share positive info
E) what is presented may not
necessarily be true
Answer: E
14. Which of the following is most nearly the OPPOSITE in meaning of the
word ‘regain’ as used in the passage?
A) recover
B) restart
C) forfeit
D) revalue
E) liberate
Answer: C
15. As mentioned in the passage, the statistics with respect to LES
highlight that
A) very few countries are aware of
such programmes
B) they face more resistance from
developed countries than developing ones
C) they are becoming popular among communities
across the globe
D) they lack support of farmers
E) the gap between the rich and the
poor is increasing
Answer: C