New Pattern English Quiz for upcoming IBPS & Insurance Mains Exams - Set 1

Hello and welcome to exampundit. Here is a set of New Pattern English Quiz for upcoming IBPS & Insurance Mains Exams.

DIRECTIONS (Qs. 1-5): In each of the following questions a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent.

1. The fiscal position of the Indian Governments - both Centre and States-has been under stress since the mid -1980s. The stress stems from the inadequacy of receipts in meeting the growing expenditure requirements. Reflecting the fiscal stress, the expenditure for development activities, which are directly related to growth, has suffered. On other hand expenditure on non developmental purposes, largely committed, has witnessed a steady rise. …… in favor of developmental expenditure in order to enable higher growth. That the state of finances of States is in disarray is beyond dispute. The state finances have not been properly managed not only by the states but also by the planning commission and the central Government, which include economists who do not see states as autonomous responsible organizations.
(a) The crucial issue, therefore, is to bring about improvement in the finances with a view to restructuring expenditure
(b) The crucial issue ,therefore ,is to analyze the finances with a view to see what can be done to expenditure
(c) Hence, it can be said that management of finances is important vis-à-vis management of expenditures
(d) Therefore ,Governments have to mend their way and balance the finances and the expenditures
(e) What is expected in this scenario is a policy shift

2. In the planned economy of India, foreign capital has been assigned a significant role, although it has been changing over the time. In the earlier phase of planning………. Many concessions and incentives were given to foreign investors. Later on, however, the emphasis shifted to encouraging technological collaboration between Indian Entrepreneurs and foreign entrepreneurs. In more recent times, efforts are on inviting free flow of foreign capital. It would be instructive in this background to examine the Government's policy towards foreign capital.
(a) Foreign capital was looked upon as a means to supplement domestic investment
(b) Foreign capital was seen a as threat to Indian entrepreneurs
(c) Foreign capital was not expected to come in so much huge amount
(d) Foreign capital was infused to stabilize the Indian economy
(e) Foreign capital was the only way out for the economy in crippling state

3. The thirteen Finance commissions cover a span of more than 60 years during which many conditions have changed. Correspondingly, the approach of the later commissions may be expected to be different in several respects from the earlier ones………….. which have come to evolve gradually what may by called 'the Indian Finance Commission's approach to federal finance. There are several inadequacies in the approach of the Finance Commissions. According to this approach, States' share of Central taxes is not allocated strictly on the basis of need.
(a) Nevertheless, it is possible to discern certain common elements in the thinking of the successive Finance Commissions
(b) And it happened to be in that way
(c) Evolution is a long process and it is the same story for commissions
(d) But they differ completely from them and each time new approach was looked for
(e) This was based on the tax sharing basis principle of commissions

4. Under taxation is at the roots of the Indian fiscal problems. The available evidence shows that the tax -GDP ratio in India is lower than the level it should have for its per capita GDP by at least 2.5 percent. It is, therefore important to focus reform efforts to increase the tax ratio. Of course, this does not mean that strategy to increase the tax ratio lies in increasing the tax rates. The strategy is to reiterate that tax administration is tax policy. All exemptions will not go. Politically, it is not possible. The world over, there was a time when we thought that equity in tax policy meant reducing the incomes of the rich. But today's tax philosophy is that equity in tax policy is increasing the incomes of the poor. The incomes of the poor can not be increased by reducing those of the rich……….
(a) As they are the central point of any economy their importance is preemptory
(b) As they have the real remote control in their hands and poor can not see that.
(c) As they have the capital for investment and give employment to the poor.
(d) As they have lobbying power to decide the fate of the poor.
(e) As they are capital rich and can not be compared with poor.

5. ………….Enterprises world wide are therefore, now putting in place an integrated framework for risk management, which is proactive, systematic and covers the entire organization. Banks in India are also moving from the individual silo system to an enterprise -wide risk management system. This is placing greater demands on the risk management skills in banks and has brought to the fore the need for capacity building. While the first mile-stone would be risk integration across the entity, banks would do well to aggregate risk across the group both in the specific risk areas as also across the risks.
(a) Banks are most risk prone of all the financial institutions.
(b) Banks were managing each risk independently ,in isolation ,which is no longer inadequate
(c) It is about risk level at which an enterprise is operating to have or not have risk management system
(d) Risk management in India is lagging for banks in comparison with other parts of world
(e) What, if risk becomes unmanageable and looks right in your face..?

DIRECTIONS (Qs. 6-10): The following questions consist of a single sentence with one blank only. You are given five as answer choices you have to pick up two correct answers, either of which will make the sentence meaningfully complete.

6. Out of the 6.5 million abortions ………… 2010, 68% were performed by an unqualified person or in unsafe environment.
(1) Recorded (2) Registered
(3) Counted (4) Performed
(5) Conducted
(a) Only 1 (b) 1and 2
(c) 1and 5 (d) 4 and 5
(e) None of these

7. Mr. John has been ……….for the top job at the ADB bank.
(1) Shortlisted (2) Selected
(3) Appointed (4) Questioned
(5) Approved
(a) 3 and 5 (b) 1 and 2
(c) 2 and 3 (d) 1 and 4
(e) None of these

8. The procedure adopted by the bank authorities was totally …………… they did not follow the principles of natural justice.
(1) Miscalculated (2) Flawed
(3) Irrational (4) Accurate
(5) In place
(a) 2 and 3 (b) 1 and 2
(c) 3 and 4 (d) 1and 5
(e) None of these

9. Delhi High Court directed RBI to respond to the plea of …………….commissioner of Income tax.
(1) Appointed (2) Sacked
(3) Removed (4) Selected
(5) Responsible
(a) 1 and 2 (b) 2 and 3
(c) 1 and 5 (d) 5 and 4
(e) None of these

10. The High Court withdrew a ……………approval that allowed him to make numerous trips to hospitals in last 4 years.
(1) Ordered (2) Pending
(3) Blanket (4) Prior
(5) False
(a) 5 and 1 (b) 1 and 2
(c) 2 and 3 (d) 3 and 4
(e) None of these


  1. Shalini - 8.75/10


  1. A
  2. A
  3. A
  4. C
  5. B
  6. C
  7. C
  8. B
  9. B
  10. D

1. (a) Passage can be divided in two parts. First part (before the blank) is about the growing expenditure and its subsequent pressure as felt by the governments. Second part is (after the blank) is about the finances and their mishandling by governments. This blank portion should be filled with something that gives some solution to the issue of growing expenditure and provides a beginning platform to discuss /raise the issue of finances. So option (a) is best answer. Option (e) can be rejected out rightly as it has no substantial information. Option (b) & (c) are conclusive statements about finances and are not about expenditures. Option (d) again can end the passage but can not be put in the blank.

2. (a) Read the sentence after the blank space. 'Many concessions and incentives……' If foreign investment was seen as threat to Indian business then definitely Government would not provide incentives. On this logic, Option (b) can be rejected. Indian economy needs stabilization or not; is not discussed in passage. Hence option (d) is also not right. In option (e) word only is questionable. Option (e) can also be skipped. Option (c)'s statement can be a result of incentives but not preceding this measure. Option (a) is appropriate as seems logical that initially to supplement Indian economy, foreign capital was looked upon and hence some incentives were given to the foreign investors.

3. (a) Tax sharing is discussed in the end only so option (e) is not proper for the blank provided. Option (d) says complete diversion of previous and new commission's approach but the following sentence has word gradually in it and hence contradiction arises. Option (b) is not substantive enough and does not elaborate the matter which is required in the context. Option (c) is generic in nature which is also not appropriate for the blank. Option (a) is best one as it goes with flow of the passage and sentence following the blank validates it.

4. (c) Option (a) is very capitalistic in nature and can be an individualistic thought but not the truth or the correct option for closing the passage. Option (b) is also not hinted at in the passage and can not be inferred from the passage. Option (d) is almost similar to statement in option (a) and is incorrect choice. The passage is about equity in tax for rich and poor not about the rich -poor relationship. Option (e) is out of context. Option (c) gives logical and coherent ending to the passage justifying the preceding statement.

5. (b) Option (a) can be a starter for the passage but it does not throw weight behind the need of integration of risk management in banks. In its comparison with option (b) ,later one is better choice as it explains what was there for risks and what is the need now. Option (d) can also be a starting statement but it is like raising a point and then leaving a blank. It means that if passage starts with it then at least something should be discussed about the risk management in the other parts of world. Option (e) indicates as if there was nothing in banks for risk handling. It is about integrated framework for risk management not about absence of risk management.

6. (c) Medical operations conducted by unqualified person and that also in unsafe environment must have not been recorded or registered. Counted is not right in the context of the situation. Only performed /conducted can be the right choice.

7. (c) Selected/Appointed is grammatically correct. Approved is not right for a person. It might have been right if the sentence would have been like - Proposal for Mr. John's appointment for the top job has been APPROVED by Board of Directors. Questioned is incorrect grammar usage.

8. (b) Use of accurate or in place contradicts the statement. Procedure can be flawed or miscalculated so option (b) is correct option. Irrational is not necessarily flawed.

9. (b) Sacked and removed both carry the same sense. Appointed and Selected are also similar but not given in options. So correct choice is (b)

10. (d) Blanket and prior both completes the sentence meaningfully. Here blanket means inherent in the order but may not be directly or explicitly. Statement 1 introduces the concept of Strategic change through mobilizing the employees. Statement 4 suggests how to mobilize the employees through involvement. Statement 5 carries forward the point of Statement 4 by stating what can happen in absence of the employee involvement (isolation) from decision making. Statement 2 confirms what was stated in earlier statements as managers also point to the same. Statement 3 concludes the passage by stating what is role of managers and how everything discussed earlier depends on it.



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