English Quiz 9 based on Reading comprehension for Banks and SSC exam

English Quiz 9 based on Reading comprehension for Banks and SSC exam

One of the most important topic of competitive exams is the Reading Comprehension. Reading comprehension is a difficult subject because it takes time and might go wrong if the candidate does not understand the paragraph. In most competitive exams, 5-10 questions from Reading Comprehension are asked. In this article, we bring to you the Reading Comprehension Quiz. This Reading Comprehension Quiz has all types of Reading Comprehension Questions that are usually asked in banking and government exams. This Reading Comprehension Quiz is entirely free of cost. In order to excel in this topic, candidates must practice this Reading Comprehension Quiz.

Directions (1-10): Read the following passage carefully and answer the questions given below them. Certain words are given in bold to help you locate them while answering some of the questions.

One common strand running through the cacophony on the bank frauds making the news is the human resource (HR) failure in implementing measures for “preventive vigilance”. So much so that the central vigilance commissioner has had to step in and order the transfer of all officers who have exceeded three years and clerks, five years, in the same position and office. This is an opportune time to have another look at the Enhanced Access and Service Excellence (EASE) agenda proposed last year by the department of financial services (DFS). This outlines the duties and responsibilities of public sector banks for their healthy growth. It recognizes that banking is intrinsically human-centric despite the increasing invasion of machines. Today, the real HR issue is how to rejuvenate the enterprise and risk propensity of public sector bankers who have gone into hibernation in the last decade due to the system-wide ramifications of problem loans and frauds.

PSU banks are a diverse lot. Besides their geographical, cultural and linguistic disparity, quantitatively their businesses are wide apart. For instance, as of March-end 2017, the coefficients of variation for the nationalized banks with respect to the balance-sheet size and business (deposits+loans) were as high as 65.6% each. Thus, the current practice of common recruitment by an outside agency needs to be shunned. Instead, every PSU bank needs to recruit depending on its specific requirements. Banks, being “special”, need specialized talent, as observed globally. In contrast, however, the specialists in PSU banks constituted a mere 5-8% of the total workforce, as estimated by a 2012 “KPMG—National Skill Development Corporation” report. With banking becoming increasingly knowledge and information intensive, PSU banks need a wide spectrum of specialists in the policy and operation cycle, encompassing all activities, rather than jacks of all trades. They must move in this direction through external recruitment as well as internal training.

Once recognized as a high wage island, PSU banks today face a different situation. As per RBI data, the compound annual growth rate of per employee wages and salaries, which was 13.7% from 2004-05 to 2010-11, decelerated to 6.4% from 2010-11 to 2016-17. However, the more crucial point is the current “different banks same pay” practice based on five-yearly bipartite settlements with unions. This has built-in perverse incentives. It undermines enterprise not only among the workers of the underperforming banks but also the well-performing ones, thus doubly jeopardizing systemic efficiency and flouting economic principles and logic. Therefore, instead of collective bargaining, the salaries of PSU bank employees need to be linked to the respective bank’s “ability to pay” with components of variable pay. Senior management should also have employee stock ownership plans.

In any profession, skilling/reskilling is the most valuable link in the entire HR chain of recruitment to retirement. Today, more than ever before, talent planning has become mission critical. The 2014 RBI committee on capacity-building in banks and non-bank institutions made recommendations for the development of a talent pool/pipeline in banks on a “buy and build basis” to enable them to keep pace with rapid technological advancements. The report needs to be implemented without delay. It also suggests the importance of both internal and specialized certification-based external training programmes, coupled with appropriate placement policies in banks, to bridge the talent deficit.

Banking must be recognized as a knowledge-based industry, like information technology, where decisions necessitate constant research and development. In general, the research quotient in PSU banks’ decision-making process is minimal. Instances of PSU banks incurring opportunity costs due to lack of research or waiting for “free rides” abound, from financial inclusion to credit cards. Only a few large banks have research units—which are, by and large, devoted to macroeconomic studies. A research unit must first contribute to the prosperity of its own bank directly or indirectly, and then to systemic efficiency. PSU bank leadership must embrace the knowledge and learning ecosystem.

 

  1. According to the passage, challenges facing by the banks are

(a) increase in the risks tendency.
(b) banks frauds and loans
(c) Human resource failure.
(d) increase in invasion of machines
(e) All of the above

Answer & Explanation
Ans. e

Exp. From the first paragraph of the passage, we can conclude the challenges which are facing by the banks. Hence option (e) is the correct choice.

  1. According to the passage, what is the role of HR in banks?

(a) recruiting the eligible staff for bank.
(b) reviving the banks and risks propensity.
(c) implementing the measures in time to avoid loss.
(d) Both (b) and (c)
(e) All are correct

Answer & Explanation
Ans. e

Exp. We can infer from first paragraph of the passage that all the given statements are emphasizing on role of the HR in banks.

  1. Which of the following sentences cannot be inferred from the passage?

(a) Recruitment of the employers must be done by the bank officials rather than some external agency.
(b) Banks must have a research unit.

(c) According to the report, the ratio of experts and specialist officers to the total workforce of the bank is large.
(d) Recruitment of the specialists should be done according to the specific requirement of the bank.
(e) All are correct.

Answer & Explanation
Ans. c

Exp. Sentence (c) cannot be inferred from the passage. There is no reference of the given statement in the passage.

 

  1. According to the passage, the risk propensities in the banks can be minimized by

(I) conducting the training programmes for capacity building.

(II) recognizing the ability of the borrower.
(III) research based decision making process for systemic efficiency.

(a) Only (I)
(b) Only (II)
(c) Both (I) and (III)
(d) Both (II) and (III)
(e) All are correct

Answer & Explanation
Ans. c

Exp. In context to the passage, we can infer that sentences (I) and (III) are correct. For building the banking structure strong, focus on research, recruitment, remuneration and reskilling is required. Hence option (c) is the correct choice.

  1. Which of the following is an appropriate title of the passage?

(a) The Enhanced Access and Service Excellence (EASE) agenda
(b) Talent planning and capacity building of PSUs.
(c) Failure in the Human resource
(d) Recapitalizing the PSUs
(e) Bank frauds and the HR factor in PSU banks.

Answer & Explanation
Ans. e

Exp. “Bank frauds and the HR factor in PSU banks.” is an appropriate title of the passage.

  1. “different banks same pay” practice leads to

(I) rise in risks propensity
(II) harm to systemic efficiency
(III) underperformance of the banks and its employees

(a) Only (I)
(b) Only (II)
(c) Both (I) and (III)
(d) Both (II) and (III)
(e) All are correct

Answer & Explanation
Ans. e

Exp. Refer the third paragraph of the passage “It undermines enterprise not only among the workers of the underperforming banks but also the well-performing ones, thus doubly jeopardizing systemic efficiency and flouting economic principles and logic.”

  1. Which of the following alternatives among the five options provides the most similar meaning(s) of the word “Hibernation” as used in the passage?

(A) Inactive
(B) torpid
(C) stagnant
(D) dormant

(a) Only (A)
(b) Only (B)
(c) Both (A) and (C)
(d) Both (B) and (D)
(e) All are correct

Answer & Explanation
Ans. e

Exp. Hibernation means inactive or passive state. All the given words are similar in meaning to hibernation.

  1. Which of the following alternatives among the five options provides the most similar meaning(s) of the word “Shun” as used in the passage?

(A) reprieve
(B) contempt
(C) languish
(D) Avoid

(a) Only (B)
(b) Only (D)
(c) Both (A) and (C)
(d) Both (B) and (C)
(e) All are correct

Answer & Explanation
Ans. b

Exp. Shun means persistently avoid, ignore, or reject (someone or something) through antipathy or caution. In the context of the passage, only option (d) is correct.

  1. Which of the following alternatives among the five options provides the most opposite meaning(s) of the word “Embrace” as used in the passage?

(A) espouse
(B) exclude
(C) negotiate
(D) reject

(a) Only (B)
(b) Only (D)
(c) Both (A) and (B)
(d) Both (B) and (D)
(e) All are correct

Answer & Explanation
Ans. d

Exp. Embrace means accept willingly. It has the opposite meaning to reject and exclude.

  1. Which of the following alternatives among the five options provides the most opposite meaning(s) of the word “Perverse” as used in the passage?

(A) obstinate
(B) dissident
(C) stubborn
(D) delinquentS

(a) Only (B)
(b) Only (D)
(c) Both (A) and (B)
(d) All are correct

(e) None is correct

Answer & Explanation
Ans. e

Exp. Perverse means showing a deliberate and obstinate desire to behave in a way that is unreasonable or unacceptable. None of the given options is antonym to perverse.

English Grammar Rules

Read More The Hindu Editorial Vocab

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