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SBI PO Prelims English Language Quiz
English Language is a part of almost all major competitive exams in the country and is perhaps the most scoring section also. Aspirants who regularly practice questions have a good chance of scoring well in the English Language Section. So here we are providing you with the SBI PO Prelims Reasoning Ability Quiz to help you prepare better. This SBI PO Prelims English Language Quiz includes all of the most recent pattern- based questions, as well as Previous Year Questions. This SBI PO Prelims English Language Quiz is available to you at no cost. Candidates will be provided with a detailed explanation of each question in this SBI PO Prelims English Language Quiz. Candidates must practice this SBI PO Prelims English Language Quiz to achieve a good score in the English Language Section.
Directions (1-5): Read the following passage carefully and answer the questions given below it. Certain words are given in bold to help you locate them while answering some of the questions.
The Reserve Bank of India’s decision to keep the policy interest rate unchanged, and reaffirm its “neutral” policy stance, clearly indicates that policymakers at the central bank are singularly focussed on their primary remit of ensuring price stability while supporting economic growth. That the RBI’s Monetary Policy Committee has chosen to do so in the face of clamour for a rate cut, and Consumer Price Index data and the bank’s own survey of households’ inflation expectations appearing benign, points to the MPC’s determination to reassert the central bank’s independence, especially in the rate-setting realm. Laying out its reasoning for opting to remain “watchful”, the RBI has raised pertinent questions relating to the outlook for price stability, the foremost being whether the “unusually low momentum in the reading for April will endure”. It posits that the easing trend in inflation, excluding food and fuel, may be transient given its vulnerability to rising rural wage growth and strong consumption demand. And the elephant in the room, in the MPC’s opinion, is the real prospect of inflationary spillovers from the rising risk of fiscal slippages caused by farm loan waivers — Uttar Pradesh has set the stage, and Maharashtra’s government has vowed to come up with the State’s largest-ever. Observing that inflation has fallen below 4% only since November 2016, the RBI has reiterated its commitment to keeping the headline reading close to that figure on a “durable basis”.
The MPC acknowledges that the latest monsoon forecast augurs well for the agriculture sector, and when viewed in conjunction with continuing robust government spending, it ought to help undergird overall momentum in the economy. The RBI’s business expectations index based on its industrial outlook survey of April points to upbeat prospects for the manufacturing sector in the second quarter of the current fiscal year, spurred by rising rural and overseas demand. However, on the growth front too the RBI’s policy panel has opted for caution given that the Central Statistics Office’s GDP and GVA (gross value added) data released last month suggest that the effects of demonetisation have lingered on. The RBI has accordingly cut its GVA growth forecast for the year ending in March 2018 by 10 basis points to 7.3% and flagged the risks that global political uncertainties, rising input costs and wage pressures and the twin balance sheet problem (an over-leveraged corporate sector and stressed lenders) pose to a revival in private investment demand and a more durable economic expansion. Spelling out the priorities, the MPC has said monetary policy can be effective only when private investment has revived, the banking sector’s health is restored and infrastructure bottlenecks are removed. To do otherwise “risks disruptive policy reversals later and the loss of credibility” of the RBI.
- How the economic approach can be efficacious according to the Monetary Policy Committee?
(i) By raising input costs and wage pressures and the twin balance sheet problem.
(ii) By cutting the Gross Value added growth forecast.
(iii) By improving banking sector’s condition.
(a) Only (i) is correct
(b) Only (iii) is correct
(c) Both (i) and (ii) are correct
(d) Both (ii) and (iii) are correct
(e) All are correct
- According to the passage, what is the RBI’s strategy for reinforcing economic growth?
(a) Cutting the GDP and GVP growth forecast.
(b) Observing the inflation rates in every second quarter of the current fiscal year.
(c) Keeping the policy interest rates unchanged.
(d) Raising input costs and wage pressures and the twin balance sheet problem.
(e) All of the above
Direction (3): Choose the word/group of words which is most similar in meaning to the word/group of words printed in bold as used in passage.
Direction (4-5): Choose the word/group of words which is most opposite in meaning to the word/group of words printed in bold as used in passage.
Direction (6-10): Which of the phrase/ word from the options (a), (b), (c) and (d) given below each sentence should replace the phrase printed in bold letters to make the sentence grammatically correct? If the sentence is correct as it is, mark (e) i.e., “No correction required” as the answer.
- Even as Indian agriculture witnessed such structural changes, policy remained unchanged in its focus on the cereal economy.
(a) remaining unchanged
(b) being unchanged
(c) has been remained unchanged
(d) has remained unchanged
(e) No correction required
- Simultaneously there was a shift to horticultural production, with enhancing risk of perishability.
(a) provided the enhancing risk
(b) and enhancing risk
(c) with enhanced risk
(d) the enhanced risk
(e) No correction required
- Through the mechanism of loan waivers, agricultural distress is now morphed intofiscal dangers for states.
(a) now altered to
(b) morphed to
(c) now morphing into
(d) now changing to
(e) No improvement required
- It is time we take a break from extremitis, and work to solve a huge problem and make the world a safe place.
(a) safe palce
(b) the safest place
(c) a safer place
(d) a safest place
(e) No improvement required.
- Terrorism is a hard problem to counter. Only a zero tolerance approach works. To that extent, all our homegrown terror apologists should have been condemned.
(a) has been condemend
(b) is been condemned
(c) should be condemned
(d) must have been condemned
(e) No improvement required
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