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 – 10): Read the following passage and answer the given
questions. Certain words or phrases are given in bold to help you locate them while answering some of the
questions.
The release of the World Bank’s 2018
global rankings on the ease of doing business has delivered some much-needed
good economic news. India is now ranked 100 worldwide — a jump of 30 places —
putting it in the set of 10 “most improved” economies. This is a shot in the
arm for Prime Minister Narendra Modi’s government, which had set out to
breach the top 50 economies worldwide in terms of this index. After a somewhat
slow start – for instance, last year, India improved just one rank – it appears
that the government’s efforts are now beginning to register. It is important to
note that, whatever the limitations of such indices in general and this index
in particular, these have an impact on sentiment and on the decisions taken by
global investors. Thus, the government’s decision to focus on improving India’s
standing in the index, which appears to now be bearing fruit, is
eminently justified.
The factors most responsible for the
jump in India’s ranking between 2017 and 2018, according to the World Bank, are
greater ease in the payment of taxes online, the possibility of submitting
building plans in advance of applying for a construction permit, a new form for
business incorporation that combines the permanent account number or PAN with
the tax account number or TAN, and a reduction in the time required to complete
provident fund and state insurance applications. The World Bank report also
gestured towards the passage and implementation of the new insolvency and
bankruptcy code, as well as claiming that infrastructure at Nhava Sheva port in
Mumbai had been upgraded and improved, and saying that some importers could
take advantage of new online platforms at this point of entry for goods. There
are, of course, important caveats to be made. The World Bank’s Doing Business
Index has been criticised in the past for having too narrow a focus. It seeks
to evaluate, through expert interviews, the difficulties involved in specific
activities related to business in Delhi and in Mumbai. Other aspects, such as
tax and bankruptcy law, are also examined. India has always performed well in
terms of having solid protections for minority shareholders, but other aspects
of the index have needed work. The paperwork involved in securing an
electricity connection in India’s two largest cities, for example, has been
improved in recent years.
It is important to note that these
changes, while no doubt important improvements, do not scratch the surface of
what is needed. Indeed, the general idea that tax compliance and
payments have become easier will surprise many, given the general air of
dissatisfaction surrounding the specific requirements for the goods and
services tax or GST. The World Bank rankings have not taken the GST into
account since it was not implemented in the period being evaluated. However,
that is just one way in which such rankings depart from the actual facts on the
ground. The NTTI Aayog’s own estimation of doing business in Indian states,
which was released recently, makes it clear how great the divergences
are across India and the difficulties actually faced by Indian business. The
government deserves credit for working to improve India’s World Bank ranking,
but it cannot rest on its laurels as the World Bank itself has said that the
rankings do not measure all aspects of the business environment. So, while the
study offers useful insights, it may not be representative of what the
stakeholders experience in real life.
India has also been adjudged the
fifth best-performing nation globally in reforming the business environment.
the country improved its rankings in six of the 10 sub-categories used by the
World Bank to judge the climate of business.
The report, covering the period from
June 2 last year to June 1 this year, ranked India top among the South Asian
nations. India’s distance to frontier ratio, which tells how similar a
country’s economic practices are to global best practices, has improved in nine
out of 10 categories. Also, it is now among the top 30 nations in three
categories — getting electricity, securing credit and protecting minority investors.
However, the World Bank noted that India lagged in areas such as starting a
business, enforcing contracts, and dealing with construction permits.
In the protecting minority investors,
India is now the fourth best country in the world, a jump from the 13th place
last year.
The passage and implementation of the
Insolvency and Bankruptcy Code (IBC) as well as setting up of sectoral
regulators saw India climb 33 notches in the parameter for resolving
insolvency.
In access to credit, the country
improved its ranking by 15 places to 29. Here, too, the insolvency process
played a key role.
1. The World Bank’s 2018 global rankings list on the ease of doing
business has placed India at 100 worldwide. It has got a jump of _______ places
from the earlier rankings of 2017.
a) 34th
b) 15th
c) 30th
d) 32nd
e) 25th
2. According to the World Bank, which of
the following is/are the factor(s) responsible for the jump in India’s ranking
between 2017 and 2018?
I. Greater
ease in the payment of taxes online
II. A
reduction in the time required to complete provident fund and state insurance
applications
III. The
possibility of submitting building plans in advance of applying for a
construction permit.
a) Only II
b) Only I and II
c) All I, II and III
d) Only II and III
e) Only I and III
3. As mentioned in the passage, select the incorrect statement(s) in
regard to the World Bank’s 2018 global rankings on the ease of doing business.
a) India has been adjudged the best
performing nation globally in reforming the business environment.
b) India has been ranked top among
the South Asian nations
c) The report covers the period from
June 1, 2017 to July 1, 2018
d) India’s distance to frontier ratio
has improved in nine out of 10 categories.
e) None of these
4. What should be the most appropriate title of the given passage?
a) Thumbs up from World Bank for
India
b) Disgrace from World Bank for India
c) India’s poor performance in
Economic Reforms
d) Global Economic Reforms and World
Bank
e) None of these
5. Select the correct statements(s) in the context of the given passage.
I. The World
Bank rankings have not taken the Goods and services tax into account
II. India
improved just one rank in 2017 from its ranking in 2016.
III. The
government’s decision to focus on improving India’s standing is eminently
justified.
a) Only I
b) Only II and III
c) Only I and II
d) Only II
e) All three I, II and III
6. As mentioned in the passage select the statement that is not True.
a) The World Bank indices have an
impact on sentiment and on the decisions taken by global investors.
b) In the protecting minority
investors, India is now the fourth best country in the world
c) In access to credit, India
improved its ranking by 15 places to 29.
d) India is now among the top 20
nations in three categories-getting electricity, securing credit and protecting
minority investors.
e) None of these
7. In the following questions, choose the word/group of words which is
most nearly the same in meaning to the word/group of words printed in bold as
used in the passage.
A shot in the arm
a) an encouraging stimulus
b) Downheartedness
c) dejection
d) Despondency
e) Depression
8. In the following questions, choose the word/group of words which is
most nearly the same in meaning to the word/group of words printed in bold as
used in the passage.
Bear fruit
a) Fail
b) Succeed
c) Leave
d) give sweet fruit
e) Gloom
9. In the following questions, choose the word/group of words which is
most nearly opposite in meaning to the word/group of words printed in bold as
used in the passage.
Divergence
a) separation
b) forking
c) parting
d) Branching
e) Convergence
10. In the following questions, choose the word/group of words which is
most nearly opposite in meaning to the word/group of words printed in bold as
used in the passage.
Compliance
a) Obedience
b) Agreement
c) Concession
d) Concurrence
e) Defiance
View the answers here:
