Hello and welcome to ExamPundit. Here is a set of English Quiz for upcoming Bank Clerk and Assistant Grade Exams in 2016.
DIRECTIONS (Qs.1-10) : Read the following passage carefully and answer the questions given below it. Certain words are printed in bold to help you to locate them while answering some of the questions.
It is difficult to imagine the extraordinary number of controls on Indian industry before 1991. Entrepreneurs needed permission to invest and could be penalised for exceeding production capacity. Even with the given investment capacity they had, entering certain areas was prohibited as these were reserved for the public sector. If they had to import anything, they required licences. To get these licences was tough. They had to persuade a bureaucrat that the item was required but even so permission was unavailable if somebody was already producing it in India. The impact of the reforms was not instantaneously and permanently wonderful. In India’s case it began to show after about a year-and-a-half. After 1993 there came three years of rapid industrial growth of about 8% or so. But, in the second half of the 90s, there was a tapering of industrial growth and investment. After 1997 and the East Asian crisis there was global slowdown, which had an impact on the Indian industry. But, in the last few years there has been a tremendous upturn. With the rise of investment industrial growth has reached double digits or close.
However even during the period when industrial growth was not that rapid, there is a lot of evidence that positive results of the reforms were seen. There were companies that didn’t look at all internally but instead performed remarkably in the highly competitive global market. For instance, the software sector's performance was outstanding in an almost totally global market. Reliance built a world-class refinery. Tatas developed an indigenously designed car. The success of the software sector has created much higher expectations from and much higher confidence in what Indian industry can do. On the government’s side it’s a vindication that liberalisation of both domestic and external policies, including the increased inflow of Foreign Direct Investment, has created an environment in which industry can do well, has done well and is preparing to do even better. What they need is not sops, but good quality infrastructure. For the 11th Plan an industrial growth rate of around 12% is projected. It will have methods of developing infrastructure, which will close the deficit. This can be done through increased investment in public sector for those infrastructure areas, which cannot attract private investment, and through efforts to improve private participation in different ways of public-private participation.
In the early stages of reforms, the liberalisation of trade policies and a shift to a market-determined exchange rate had the effect of removing constraints on agriculture in terms of depressed prices. The removal of protection on industry helped to produce a more level playing field, because the earlier system was extremely unfair to agriculture. The lesson to be learnt from the reforms process is to persevere in reforming the strategic parts of the economy, which will lead to even higher growth rate. India has to do better than its current average growth rate of 8% and ensure that benefits from this higher growth go beyond industry and urban areas and extend to agriculture.
1. Which of the following factors was responsible for the fall in India’s growth rate in the late 1990s?
(a) The implementation of economic reforms was too rapid.
(b) It was expected after achieving a high growth rate of 10%.
(c) There was a slowdown in the global economy.
(d) There were sanctions against East Asian countries by WTO.
(e) The software sector grew but the other sectors were neglected.
2. Which of the following can be said about the reforms of 1991?
(a) They benefited Indian industry immediately.
(b) All Indian companies began to focus on indigenous development instead of looking for opportunities abroad.
(c) They were targeted only at the software sector.
(d) India was among the worst affected countries by the East Asian economic crisis because it had opened up its economy.
(e) They encouraged foreign direct investment in India
3. What is the author’s opinion about the government’s decision to liberalise the economy in 1991 ?
(a) It was beneficial because it created confidence in the Indian economy.
(b) The timing was wrong since the economy experienced slowdown in growth rate.
(c) It led to a focus on software and other sectors were neglected.
(d) Foreign companies took advantage of the new policies and exploited certain sectors.
(e) None of these
4. What does the author recommend to ensure that the industrial sector continues to perform better?
(a) Subsidies should be provided in infrastructure development.
(b) Government should keep control of and monitor all infrastructure projects.
(c) Wipe out any infrastructure deficit by transferring responsbility of these projects to the private sector
(d) Ensure a combination of public and private sector involvement in developing infrastructure.
(e) None of these
5. How did the economic reforms affect the agriculture sector?
(a) A system of market determined exchange rate was introduced.
(b) Constraints in agriculture increased
(c) Prices were depressed because there was a removal of protection on the sector.
(d) Agriculture growth rate doubled.
(e) None of these
DIRECTIONS (Qs. 6-8) : Choose the word which is most nearly the SAME in meaning as the word given in bold as used in the passage.
(a) unusual (b) wonderful
(c) rare (d) beautiful
(a) stand (b) increase
(c) slope (d) upward
(a) discussed (b) needed
(c) estimated (d) achieved
DIRECTIONS (Qs.9-10): Choose the word which is most OPPOSITE in meaning of the word given in bold as used in the passage.
(a) lose (b) hide
(c) chase (d) disturb
(a) ugly (b) offend
(c) push (d) sick
- Ami Sourav - 9/10
- ks - 9/10
- Chitrarth - 8/10