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  • Question
  • Choose the option that best captures the essence of the text. Issue of money, in the form of banknotes and current accounts subject to cheque or payment at the customer's order. These claims on banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par and effectively transferable by mere delivery in the case of banknotes, or by drawing a cheque that the payee may bank or cash. Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economize on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables ____________.


  • Options
  • A. The offsetting of payment flows between geographical areas, increasing the cost of settlement between them.
  • B. The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.
  • C. The offsetting of payment flows only in urban areas, reducing the cost of settlement between them.
  • D. The offsetting of payment flows only in rural areas, increasing the cost of settlement between them.

  • Correct Answer
  • The offsetting of payment flows between geographical areas, reducing the cost of settlement between them. 

    Explanation

    The passage is based on economic development of the bank. It says that the economic growth of the bank in terms of the money is based on the cost of settlement. If this cost is reduced amongst the countries then the flow of payment will be maintained or vice versa. It is nowhere mentioned in the passage about rural or urban areas so we will take a general context. Hence option B is the correct option.

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    English problems


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    • 1. Read the following passage and complete the paragraph with the help of correct options given below. Working overseas is always a challenge for any professional and if you are an Indian, always strive to give-your best as Indians have always been considered intelligent, hardworking, talented and spiritual. Working overseas was something many Indians desired but few achieved until the information technology boom opened several white-collar job opportunities for them in global markets. However, securing employment abroad may be an achievement but retaining it is quite a challenge as a professional requires constant demonstration of professionalism and exact the standards of competence.

    • Options
    • A. Indians have always excelled in a competitive working environment.
    • B. This makes them more enjoyable company.
    • C. Indians have always tried to bring out their best in competitive working environment.
    • D. Indians are hard-working, competitive and professional employees.
    • Discuss
    • 2. In the following question, a short passage with one of the lines in the passage missing and represented by a blank is given. Select the best out of the five answer choices given, to make the passage complete and coherent (coherent means logically complete and sound). There is a fairly universal sentiment that the use of nuclear weapons is clearly contrary to mortality and that its production probably so, does not go far enough. These activities are not only opposed to mortality but also to the law. If the legal objection can be added to the moral, the argument against the use and manufacture of these weapons will considerably be reinforced. Now the time is ripe to evaluate the responsibility of scientists who knowingly use their expertise for the construction of such weapons, which has a deleterious effect on mankind. How appropriate it is that all this valuable skill should be devoted to the manufacture of weapons of death in a world of poverty is a question that must touch the scientific conscience.

    • Options
    • A. Almost 50% of the skilled scientific manpower in the world is now engaged in the armaments industry.
    • B. To think that majority of the scientists are promoting the manufacturing of the armaments is hurtful.
    • C. Scientists should use their conscience before taking up these contracts to manufacture the weapons of mass destruction.
    • D. Scientific manpower is used to the interests of some selfish and careless people who want to threaten the existence of homo-sapiens.
    • Discuss
    • 3. In the question given below, three paragraphs are given, which are jumbled. Find the correct sequence of these paragraphs so that they form a meaningful passage. A. Climate change is warming the ocean, but it?s warming land faster and that?s really bad news for air quality all over the world, says a new University of California, Riverside study. The study, published February 4 in Nature Climate Change, shows that the contrast in warming between the continents and sea, called the land-sea warming contrast, drives an increased concentration of aerosols in the atmosphere that cause air pollution. Aerosols affect the climate system, including disturbances to the water cycle, as well as human health. They also cause smog and other kinds of air pollution that can lead to health problems for people, animals, and plants. B. To determine this, the researchers ran simulations of climate change under two scenarios. The first assumed a business-as-usual warming model, in which warming proceeds at a constant, upward rate. The second model probed a scenario in which the land warmed less than expected. In the business-as-usual scenario, enhanced land warming increased continental aridity and, subsequently, the concentration of aerosols that leads to more air pollution. C. A robust response to an increase in greenhouse gases is that the land is going to warm faster than the ocean. This enhanced land warming is also associated with increased continental aridity. The increase in aridity leads to decreased low cloud cover and less rain, which is the main way that aerosols are removed from the atmosphere.

    • Options
    • A. ACB
    • B. BCA
    • C. BAC
    • D. CAB
    • Discuss
    • 4. In the question given below, three paragraphs are given, which are jumbled. Find the correct sequence of these paragraphs so that they form a meaningful passage. A. The power of compounding works the way it does because you are reinvesting the interest that you earn back into the instrument, besides giving it time to grow. Let?s simplify it further. Say in the first year you invest ?100 and you get 10% annual return of ?10. Next year, along with ?110 (the first year principal amount and the interest amount), you will put another ?100. The ?10 you earned as interest gets reinvested, helping you grow your money faster. B. To get a perspective, let?s turn to some numbers. Say you started investing ?3,000 a month when you were 25, and go on till you are 60. At an average annual rate of 7% returns, your corpus will grow to ?53.24 lakh. If you decide to start investing at the age of 35 years, even if you put aside double the amount? ?6,000 per month ? till the age of 60, the value of your corpus will be only ?48.72 lakh. The example shows that you would need half the amount to get more in returns if you start investing early. C. Adulting can?t wait when it comes to savings and investing. Why you may ask? If you delay your investments, how will you see the magic of compounding? When it comes to investing, you need to start early. In fact, you should start saving and investing as soon as you start earning. Compounding allows you to build a bigger corpus with a smaller amount.

    • Options
    • A. BAC
    • B. CAB
    • C. BCA
    • D. ABC
    • Discuss
    • 5. A passage with three blanks, followed by five options, each containing one word, is given. Choose the word that can fill all the three blanks. An __________ is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid. An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed. In a Dutch ____________, the auctioneer begins with a high asking price for some quantity of like items; the price is lowered until a participant is willing to accept the auctioneer's price for some quantity of the goods in the lot or until the seller's reserve price is met. In economic theory, an ____________ may refer to any mechanism or set of trading rules for exchange.

    • Options
    • A. Assets
    • B. Auction
    • C. Autarky
    • D. Arbitrage
    • Discuss
    • 6. In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'. I asked the shopkeeper (A)/"Do you have change(B)/for a five hundred rupees note?"(C)/No error(D)

    • Options
    • A. A
    • B. B
    • C. C
    • D. D
    • Discuss
    • 7. In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase. things that have been discarded as worthless.

    • Options
    • A. remains
    • B. flotsam
    • C. shambles
    • D. havoc
    • Discuss
    • 8. In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'. Each boy was given (A)/a toy as a parting gift,(B)/which made them happy.(C)/No error(D)

    • Options
    • A. A
    • B. B
    • C. C
    • D. D
    • Discuss
    • 9. In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option. The __________ with which she manages the task is remarkable.

    • Options
    • A. calm
    • B. comfort
    • C. ease
    • D. satisfaction
    • Discuss
    • 10. In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best express the same sentence in Indirect/Direct speech. The preacher said, "May God grant peace to the departed!"

    • Options
    • A. The preacher prays that God will grant peace to the departed.
    • B. The preacher prayed that God would grant peace to the departed.
    • C. The preacher said that God may grant peace to the departed.
    • D. The preacher said, God may grant peace to the departed.
    • Discuss


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