“20-20” English Question | Crack SBI Clerk / IDBI Executive 2018 Day-50

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“20-20” English Questions | Crack SBI Clerk 2018 (Day-50)

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Direction (1-10): Read the following passage carefully and answer the questions given below it.

The horse may be out of the proverbial barn.” So wrote Ben Bernanke, a former chairman of the Federal Reserve, in early 2016, arguing that capital controls might be powerless to save China from a run on its currency. He was far from alone at the time. As cash rushed out of the country, analysts debated whether the yuan would collapse, and some hedge funds bet that day was coming fast. But two years on, the horse is back in the barn: the government’s defence of the yuan has succeeded, in part through tighter capital controls. The latest evidence was an 11th consecutive monthly increase in foreign-exchange reserves in December. During that time China’s stockpile of official reserves, the world’s biggest, climbed by $142bn, reaching $3.14trn, roughly double the cushion usually regarded as needed to ensure financial stability. Another sign of China’s success is the yuan itself.

At the start of 2017 the consensus of forecasters was that the currency would continue to weaken; it finished the year up by 6% against the dollar. Investors and analysts were not wrong in viewing Chinese capital controls as porous. Enterprising types had—and have—umpteen ways to sneak money out, from overpaying for imports to smuggling cash across the border in luggage. But there is a wide spectrum between a fully open and fully closed capital account, and China has showed over the past year that it can tilt towards closure, at least for a time. Its measures were directed at actors big and small. Under more scrutiny from regulators, China’s overseas acquisitions fell by more than a third, to $140bn last year. Individuals were still permitted to convert up to $50,000 a year, but they faced heavier disclosure burdens. The government is in no hurry to relax these controls: a new, lower ceiling on withdrawals from ATMs abroad went into effect on January 1st. Also crucial to China’s defence of the yuan was an economic rebound. Housing prices soared and industrial firms’ profits rose by 20% last year on the back of higher commodity prices. Here, Mr Bernanke can claim some vindication: in looking at China’s options in 2016, he had suggested that a fiscal boost would support growth and so help keep cash at home. An unconventional policy mix—investment in low-income housing and closure of excess industrial capacity—did the trick. China had a stroke of good luck, too. Many had thought that Donald Trump’s presidency would initially add to dollar strength, which might have pulled cash away from China. But America’s political muddle instead weighed on the dollar. Not only did that boost the relative allure of Chinese assets, it also made its foreign-exchange reserves look more valuable in dollar terms, because roughly a third are held in other currencies. Over the past year, true inflows accounted for just about a third of the rise in China’s reserves; valuation changes explained the rest (see chart). Other Asian economies with hefty foreign-currency reserves, from Japan to Taiwan, reaped similar gains. As America cuts taxes and raises interest rates, the dollar may soon perk up. But China has less cause for concern than in 2016. Capital controls have reinforced the bolts on its barn door. And with growth holding up, the horse inside is well-fed.

 1. According to the passage what was the issue china was facing in beginning of 2016.

  1. Collapse of stock market
  2. Rushing of the cash out of the country
  3. Decreasing foreign reserves
  1. i and ii
  2. only ii
  3. ii and iv
  4. i and iv
  5. None of these

 2. According to the passage what is meant by- The horse maybe out of the proverbial barn in the sentence the horse maybe out of the proverbial barn.” So wrote Ben Bernanke, a former chairman of the Federal Reserve, in early 2016.

  1. Occurrence of problem
  2. Incomplete actions
  3. Disclosure of confidential things
  4. An action that is useless as it is too late
  5. None of these

 3. Which of the following is not true in the context of the passage?

  1. In December China’s stockpile of social reserves climbed by $142bn
  2. China’s overseas acquisitions fell by $143bn last year.
  3. In early 2017, forecast stated that the Yuan would continue to weaken and has finished the year up by 6% against the dollar.
  1. i and ii
  2. only ii
  3. i and iii
  4. ii and iii
  5. None of these

4. According to the passage what solution Mr. Bernanke had suggested to solve the problem of running of cash from china?

  1. Fiscal boost
  2. Mix investment in low-income housing
  3. Closure of excess industrial capacity
  1. Only iii
  2. ii and iii
  3. i and ii
  4. All of these
  5. None of these

 5. According to the passage how Donald Trump’s presidency proved a stroke of good luck for china.

  1. It boosted the relative allure of Chinese assets.
  2. Foreign-exchange reserves of china looked more valuable in dollar terms.
  3. The country took the track of capital infusion in china
  4. It started exporting the resources and assets to china.
  1. i and ii
  2. iii and iv
  3. ii and iv
  4. i and iv
  5. None of these

 6. According to the passage what is meaning of phrase “perk up” in the sentence As America cuts taxes and raises interest rates, the dollar may soon perk up.

  1. to become more lively or cheerful
  2. rise of something
  3. complicated situation
  4. a deep state
  5. none of these

 7. According to the passage what events took place in the beginning of 2017 in the economy of china?

  1. China’s currency continued to weaken
  2. Lower ceiling on withdrawals from ATMs abroad went into effect from end of December.
  3. Housing prices got soared.
  4. Industrial firms profit rose by 20% last year on the back of higher commodity prices.
  1. i and ii
  2. only iv
  3. all except ii
  4. i and iii
  5. None of these

 8. Choose the word which is most nearly the same in meaning as the word “Vindication” printed in bold as used in the passage.

  1. Exoneration
  2. Conviction
  3. Indictment
  4. Disproval
  5. Charge

9. Choose the word which is most opposite in meaning of the word “reinforced” printed in bold as used in the passage.

  1. Supplement
  2. Fortify
  3. Stiffen
  4. Diminish
  5. Aggrandize

10. Choose the word which is most nearly the opposite in meaning of the word “umpteen” printed in bold as used in the passage.

  1. Innumerable
  2. Considerable
  3. Bounteous
  4. Zillion
  5. Meager

Directions (11-15): Each sentence below has one or two blanks, each blank indicating that something has been omitted. Below the sentence are five sets of words. Choose the set of words for each blank that best fits the meaning of the sentence as a whole.

11) One of the most recent initiatives is Road kills, an app launched in January by the Bengaluru-based Wildlife Conservation Society; here, people upload __________photographs taken on their mobile phones of wild animal deaths they come across on roads they travel through, scientists use these pictures to identify stretches where road kills are high, and communicate the information to policy-makers so they can help create __________measures such as underpasses.

Assigned, improving

Geo-tagged, mitigation

Visualized, relief

Digital, aggravated

Confidential, alleviated

12) Harvesters with pressure ____________electronic innards will soon be used to gather ore from sea beds that were previously___________, this in turn could reduce the amount of destructive mining that takes place on land.  

  1. Immune, unapproached
  2. Disinclined, reachable
  3. Resistant, inaccessible
  4. Opposing, feasible
  5. Contrary, isolating

13) Good policy can do an enormous amount to improve prospect; however, hope should be __________ by realism, India is blessed with a deeply __________democratic system, but that is no shield against poor decisions, the sudden and brutal “demonetization” of the economy in 2016 was meant to target fat cats, but ended up hurting everybody.

  1. Alleviate, dug
  2. Infuriated, firmed
  3. Modulated, transient
  4. Tempered, entrenched
  5. Transmogrify, fortified

14) Cheap mobile data are a boon to__________ services, logistics networks put together by e-commerce giants are for the first time making it possible for a consumer in a third-tier city to buy global fashion brands; a surge in consumer financing has put desirable _______within reach of more Indians.

  1. Streaming, baubles
  2. Cascaded, trifle
  3. Emergence, brands
  4. Dripping, items
  5. Poured, trinket

15) Regardless of the____________ provocation of events, there is an urgent need for India and Pakistan to address allegations of harassment of each other’s diplomats and interference in High Commission work, while _______________surveillance of diplomats by intelligence agencies in New Delhi and Islamabad is not new, matters have escalated in the past month

  1. Instigated, following
  2. Justification, unobservance
  3. Provocation, surveillance
  4. Vexing, controlling
  5. Repression, observation

 

Direction (Q 16-20) – In each of the following questions on phrase has been given and it has been followed by four sentences. You have to find out on which sentences phrase has been used properly according to its meaning and mark your answer from the options denoted a),b),c),d)Mark e) as your answer of you find that the phrase has been applied properly in all sentences

 16. Mow down

  1. Sarah was mown down on a pedestrian crossing.
  2. Unfortunately,you didn’t just cut the grass, you mowed down all the spinach plants
  3. The robbers drove by with machine guns and mowed the informant down in front of his shop.
  4. The team mowed down its first four opponents.
  1. Only i
  2. ii and iii
  3. i and iv
  4. i and ii
  5. All are correct

 17. Pass over

  1. They seem to think john’s crimes should be passed over in silence.
  2. The new officers passed over from Naval College on Friday.
  3. By the time I reached the hotel she had passed over.
  4. You seem to have passed over an important e-mail notice.
  1. All except ii
  2. iii and iv
  3. i and ii
  4. ii and iii
  5. All are correct

 18. Let up

  1. When the rain lets up we’ll go for a walk.
  2. I’m relying on your help – please don’t let me up.
  3. The traffic in this city never lets up.
  4. When I was sent to prison, I really felt I had let my parents up.
  1. ii and iv
  2. i and iii
  3. ii and iii
  4. i and iv
  5. All are correct

19. Cover up

  1. He fell asleep in the front room so I covered him up with a blanket.
  2. Allegations of a cover-up of the effects of pollution have been strongly denied.
  3. People eyes cover up on bomb like object and an alarm was raised
  4. From what she could learn, the fire at the mine had been an accident and not a cover-up.
  1. i and iii
  2. all except iii
  3. ii and iv
  4. iii and iv
  5. All are correct

20. Fall apart

  1. He bought  some cheap shoes that fell apart after a couple of months.
  2. It fell apart on Mr. Dsouza to arrange the venue of the meeting.
  3. The work was never finished and bit by bit the building fell apart.
  4. I feel it difficult to operate laptop so I fall apart on pen and paper mode.
  1. All except iii
  2. i and ii
  3. ii and iv
  4. i and iii
  5. All are correct

Answers:

1. Correct answer- b)

Explanation-it is mentioned in para 1- Ben Bernanke in early 2016, arguing that capital controls might be powerless to save China from a run on its currency.

 2. Correct answer- d)

Explanation- it means an action that is useless as it is too late.

3. Correct answer- c)

Explanation-it is mentioned in para 1 & 2 The latest evidence was an 11th consecutive monthly increase in foreign-exchange reserves in December during which China’s stockpile of social reserves, the world’s biggest, climbed by $142bn, At the start of 2017 the consensus of forecasters was that the currency would continue to weaken; it finished the year up by6% against the dollar.

 4. Correct answer- d)

Explanation-it is mentioned in para 2- Here, Mr. Bernanke can claim some vindication: in looking at China’s options in 2016, he had suggested that a fiscal boost would support growth and so help keep cash at home. An unconventional policy mix investment in low-income housing and closure of excess industrial capacity did the trick.

 5. Correct answer- a)

Explanation- it is mentioned in para 2 -Many had thought that Donald Trump’s presidency would initially add to dollar strength, which might have pulled cash away from China. But America’s political muddle instead weighed on the dollar. Not only did that boost the relative allure of Chinese assets, it also made its foreign-exchange reserves look more valuable in dollar terms.

 6. Correct answer- a)

Explanation- it means to become more lively or cheerful

7. Correct answer- c)

Explanation-it is mentioned in para 2- At the start of 2017 the consensus of forecasters was that the currency would continue to weaken; it finished the year up by 6% against the dollar, Housing prices soared and industrial firms profit rose by 20% last year on the back of higher commodity prices.

8. Correct answer- a)

Explanation- it means the action of clearing someone of blame or suspicion.

9. Correct answer- d)

Explanation- it means emphasize or build up

 10. Correct answer- e)

Explanationit means indefinitely many; a lot of.

Directions (11-15):

11) Correct answer- b)

The meaning of “geo-tagged” is “it is the process of adding geographical information to images, videos” and it is suitable for i blanks and the meaning of “mitigation” is “the action of reducing the severity or pain of something ” so it is appropriate for ii blank.

12) Correct answer- c)

  The meaning of “Resistant” is “unaffected by or repellant of something” and it is suitable for i blanks and the     meaning of “inaccessible” is “unreachable” so it is appropriate for ii blank.

13) Correct answer- d)

  The meaning of “tempered” is “diluted or mitigated” and it is suitable for i blanks and the meaning of “entrenched” is “established or unlikely to change” so it is appropriate for ii blank.

14) Correct answer- a)

  The meaning of “streaming” is “run or flow in the continuous way” and it is suitable for i blanks and the meaning of “baubles” is “it is a cheap and small ornament that cost little” so it is appropriate for ii blank.

15) Correct answer- c)

  The meaning of “provocation” is “action or speech that makes someone angry especially deliberately.” and it is suitable for i blanks and the meaning of “surveillance” is “supervision or scrutiny” so it is appropriate for ii blank.

Direction (Q 16-20)

16) Correct answer- e)

The meaning of “mow down” is to defeat, overwhelm, or overcome or to kill or destroy as with swift, sudden strokes, gunfire, etc and the phrase has been applied properly in all the sentences.

17) Correct answer- a)

The meaning of “pass over” is to ignore or to not give attention to someone or something or to disregard and the phrase has been applied properly in i, iii, and iv sentences.

18) Correct answer- b)

The meaning of “let up” is to become less intense or to diminish, slacken, or stop and the phrase has been applied properly in i and iii sentences

19) Correct answer- b)

The meaning of “cover up” is an attempt to prevent the public from discovering information about a serious crime or mistake or to cover completely and the phrase has been applied properly in i, ii  and iv sentences

20) Correct answer- a)

The meaning of “fall apart” is to break into pieces, disintegrate or to become disorganized and ineffective and the phrase has been applied properly in i, ii and iv sentences

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Topic Daily Publishing Time
Daily News Papers & Editorials 8.00 AM
Current Affairs Quiz 9.00 AM
Logical Reasoning 10.00 AM
Quantitative Aptitude “20-20” 11.00 AM
Vocabulary (Based on The Hindu) 12.00 PM
Static GK Quiz 1.00 PM
English Language “20-20” 2.00 PM
Banking Awareness Quiz 3.00 PM
Reasoning Puzzles & Seating 4.00 PM
Daily Current Affairs Updates 5.00 PM
Data Interpretation / Application Sums (Topic Wise) 6.00 PM
Reasoning Ability “20-20” 7.00 PM
English Language (New Pattern Questions) 8.00 PM
General / Financial Awareness Quiz 9.00 PM

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