RBI Assistant Mains 2022: English Language Quiz –7

06/04/2022

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RBI Assistant Mains 2022: English Language

Aspirants have a strong possibility of scoring well in the English Language section if they practice quality questions on a regular basis. This section takes the least amount of time if the practice is done every day in a dedicated manner. In this article, we have come up with the RBI Assistant Mains 2022 English Language Quiz to help you prepare better. Candidates will be provided with a detailed explanation for each question in this RBI Assistant Mains 2022 English Language Quiz. This RBI Assistant Mains 2022 English Language Quiz includes a variety of questions ranging in difficulty from easy to tough. This RBI Assistant Mains 2022 English Language The quiz is totally FREE. This RBI Assistant Mains 2022 English Language Quiz has important English Language Questions and Answers that will help you improve your exam score. Aspirants must practice this RBI Assistant Mains 2022 English Language Quiz in order to be able to answer questions quickly and efficiently in upcoming exams.

Directions (1-5): Given below are sentences having a blank in each. Identify the most suitable alternative among the five given that fits into the blank to make the sentence logical and meaningful.

The Supreme Court on Tuesday asked Noida and Greater Noida authorities to __________completion certificates to thousands of harassed homebuyers.

(a) Accommodates

(b) Grant

(d) Adhere

(e) None of these.

Answer & Explanation

Ans. b)

Exp. Taking hint from the last part of the sentence in which there is mention of completion certificates to thousands of homebuyers, the appropriate filler for the given blank would be ‘grant’ which will make the given sentence meaningful. Hence, the correct answer choice would be option (b)

According to the Jammu and Kashmir Reorganisation Act, 2019, the number of seats in the Legislative Assembly of the UT of J&K would be ___________from 107 to 114.

(a) Practiced

(b) Harnessed

(d) Increased

(e) None of these.

Answer & Explanation

Ans. d

Exp. Going through the given sentence it can be clearly seen that the number of seats are increased from 107 to 114. So, the appropriate filler for the given blank would be ‘increased’. Hence, the correct answer choice would be option (d)

The court directed that an appropriate ____________be enacted on lines similar to the security regime provided for AADHAR data.

(a) Regime

(b) Traditions

(d) Attaches

(e) None of these.

Answer & Explanation

Ans. a

Exp. Taking hint from “similar to the security regime” it can be clearly seen that the appropriate filler for the given blank would be ‘Regime’. Hence, the correct answer choice would be option (a)

The SC warned that officials posted at the authorities for more than 10 years would be in ____________if its orders are not complied with.

(a) Conditional

(b) Ages

(d) Reviewed

(e) None of these.

Answer & Explanation

Ans. c

Exp. None of the given option except ‘Trouble’ fits the given blank to make a contextually meaningful and grammatically correct sentence. Hence, the correct answer choice would be option (c)

There will be no easing of the ___________curfew-like restrictions and communications blockade in Kashmir, at least till the Independence Day functions

(a) Existed

(b) Countering

(d) Prevailing

(e) None of these.

Answer & Explanation

Ans. d

Exp. As the given sentence is talking about the easing of the curfew like restrictions in Kashmir, the appropriate filler for the given blank would be ‘Prevailing’. Also, remaining options fail to make a contextually meaningful and grammatically correct sentence. Hence, the correct answer choice would be option (d)

Directions (6-10): Read the following passage carefully and answer the questions given below them. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions.

Recently we saw an outpouring of grief nationwide over the tragic decision made by an Indian entrepreneur to end his life. V.G. Siddhartha of Café Coffee Day had built a pioneering consumer business and acquired one of the largest retail footprints in the food and beverage space in India, attracting marquee investors. His story is a stark reminder that entrepreneurship is a journey of highs and lows, which doesn’t just require capability and risk appetite on the part of the promoter but also demands great resilience. Along with commiserations, the incident has also attracted some sweeping criticism uninformed and unjustified — of the business practices of the private equity and venture capital industry. The truth is that the risk capital supplied by venture capital investors has been invaluable to entrepreneurship in India, where promoter funding by banks is frowned upon and founders are forced to rely on family and friends or take recourse to high-cost informal debt.

In the past decade, the ₹14 lakh crore of capital supplied by private equity and venture capital funds has played a pivotal role in birthing and scaling up over 4,000 Indian ventures. In addition to creating millions of jobs, firms funded by these investors pay more taxes, are better governed and make efficient use of scarce capital. This has resulted in the co-creation of popular consumer franchises like Ola, Swiggy and Paytm; bankrolled roads, airports, oil pipelines and telecommunications assets; and aided the crucial economic task of deleveraging distressed firms. This spigot of private capital has remained open for Indian ventures even as the economy and public markets have witnessed sharp ups and downs.

In fact, private investors have come to play such an important role in the Indian economy that their annual investments amounting to 1%-1.5% of the GDP, once believed to be sufficient to meet the country’s growth aspirations, are now proving inadequate. India’s economy is reaping its demographic dividends and young entrepreneurs and mature mega firms are taking make-or-break bets on the consumer markets. Banking and insurance companies require billions of dollars in equity capital, privatisation is now on the anvil and an ambitious infrastructure build-out is transforming Tier-II towns. India will now need to attract private capital amounting to 3%-4% of GDP for the ‘Great March’ that Prime Minister Narendra Modi has flagged off to $5 trillion GDP. This is why it is important that policymakers or entrepreneurs do not take their eye off the ball based on one-off incident.

There has also been criticism of private equity investors for focussing on debt deals. Today, private capital pools offer many classes of assets, from venture to private equity to venture debt to promoter funding to hybrid instruments. It is only at the promoter’s behest that private capital providers structure capital infusions as debt rather than equity deals. Further, promoters are often reluctant to cede control in their ventures and hence end up taking capital in the form of debt.

That’s the fallacy of the infamous Indian promoter’s ‘curse’. Promoters embrace the double jeopardy of wanting to be in ‘control’ (the magic number of 51%) of their venture, while also believing that their equity is undervalued by the markets. Full of optimism about future pricing, they often resort to high-cost borrowings by pledging their shares. The result becomes evident during volatile times. As to the cost of debt, it must also be understood that the main mandate of private equity investors is to measure, underwrite and price risk. Structured as limited-life closed-end funds, they have a contractual obligation and fiduciary duty to meet the return expectations of their investors and to return the capital within a relatively short time frame of five-seven years.

But the Siddhartha incident does have one major takeaway: founders in India need more equity funding, so that they can avoid the curse of overleveraging. When entrepreneurs take on aggressively priced debt payable within stringent timelines, it exposes their venture to extreme fragility. Equity capital in contrast is patient. Companies with growth ambitions should therefore be ideally funded with 40%-50% equity, which can act as their lifeboats in difficult times. Equity funding makes sense for private investors too, as it allows a longer runway to scale up a business. This results in a larger pie for everyone — the founder, investors, lenders and the economy. However, punishing capital based on one event can prove to be a capital punishment for India’s entrepreneurial ecosystem.

As per the given passage, Private investors play an important role by

(a) Increasing the asset value of the company

(b) Reducing the burden of firms buried under debt pile

(d) Both (b) and (c)

(e) None of these.

Answer & Explanation

Ans. b

Exp. The correct answer to the given question can be inferred from the second paragraph of the given passage in which it is stated that, ‘and aided the crucial economic task of deleveraging distressed firms’. From the given statement, option (b) can be easily inferred. Also, there is no mention of the remaining options in the passage. Hence, the correct answer choice would be option (b)

As per the given passage, which of the following reason(s) led to the augmentation of the private investment in the country?

(i) Fierce market acquiring strategies of the firms

(ii) Ambitious target set by the Government of the country

(iii) Increase in FDI in the country

(a) Only (i)

(b) Only (ii)

(d) Both (i) and (ii)

(e) Both (ii) and (iii)

Answer & Explanation

Ans. d

Exp. The correct answer to the given question can be inferred from the third paragraph of the given passage in which it is stated that, ‘and young entrepreneurs and mature mega firms are taking make-or-break bets on the consumer markets’ and ‘India will now need to attract private capital amounting to 3%-4% of GDP for the ‘Great March’ that Prime Minister Narendra Modi has flagged off to $5 trillion GDP’. From the given statements, both (i) and (ii) statements can be inferred easily. Hence, the correct answer choice would be option (d).

In the given statement, “This is why it is important that policymakers or entrepreneurs do not take their eye off the ball based on one-off incident”, what ‘off incident’ is author talking about?

(a) Increase in preference of informal debts over formal funding

(b) Tragic decision taken by Indian Entrepreneur

(d) Surge in debt deals among private equity investors

(e) None of these.

Answer & Explanation

Ans. b

Exp. After reading first three paragraph of the given passage it can be inferred that the author is trying to pursue the entrepreneurs of the country to stick to the business practices of the private equity and venture capital industry after the death of entrepreneur V.G. Siddhartha. Hence, the correct answer choice would be option (b)

What mistake(s) promoters make while acquiring funds from private equity investors?

(a) Taking more funds than required

(b) Investing in variety of assets

(d) Not taking into account the limited life of the closed end funds

(e) None of these.

Answer & Explanation

Ans. c

Exp. The correct answer to the given question can be inferred from the fourth paragraph of the given passage in which it is stated that, ‘It is only at the promoter’s behest that private capital providers structure capital infusions as debt rather than equity deals. Further, promoters are often reluctant to cede control in their ventures and hence end up taking capital in the form of debt.’ From the given statement, option (c) can be inferred easily. Also, the remaining options fail to provide a reasonable point. Hence, the correct answer choice would be option (c).

Which of the following best represent the tone of the passage?

(a) pessimist

(b) Supportive

(d) Both (a) and (b)

(e) None of these.

Answer & Explanation

Ans. b

Exp. Going through the given passage it can be clearly seen that the author is in support of the private equity and venture capital industry and is also encouraging the investors to keep using such capital. Hence, the correct answer choice would be option (b)

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