Sunday, 16 July 2017

New Pattern English


Directions (1-9): In the following paragraph questions, four sentences have been given, out of these four sentences one sentence is out of the context of the paragraph. Find out the Irrelevant Sentences and mark it as your correct answer.

Q1. (1) The MOEF projects itself as a professional ministry where executive decision making with regard to environmental clearances is exercised.
(2) The Ministry of Environment and Forests has brought back the quota licensing regime.
(3) Projects have to be cleared or refused on the basis of an objective criteria and not ministerial discretions.
(4) It is time heads of government took it upon themselves to establish in effective grievances redressal system.
(a) 1
(b) 2
(c) 3
(d) 4
(e) All sentences are relevant.

Q2. (1) Even London’s latest pet project – proving that Russia cannot host an Olympics as successfully as Beijing or London – could easily backfire.
(2) For more than two decades, August has been the most cruel month for Russian leaders.
(3) The August 1991 coup led to the departure of President Mikhail Gorbachev and the end of the Soviet Union.
(4) The August 1998 debt default and ruble collapse laid waste to President Boris Yeltsin’s free-market reforms and resulted in the sacking of his prime minister, Sergei Kiriyenko.
(a) 1
(b) 2
(c) 3
(d) 4
(e) All sentences are relevant.

Q3. (1) Commercial use of drones is banned by the Federal Aviation Administration (FAA), although it makes some exceptions such as for hobbyists’ flights in unpopulated areas where the aircraft stays in sight of a human operator.
(2) These sites will help the FAA understand how to integrate UAS into American airspace, which Congress has told it to do by September 2015.
(3) It is believed that Amazon’s new project will pose a new challenge to the FAA operations.
(4) But the skies are opening up: by the end of December the FAA will select six UAS testing sites from a list of 25 applicants in 24 states.
(a) 1
(b) 2
(c) 3
(d) 4
(e) All sentences are relevant.

Q4. (1) The Assad regime depends on its patrons in Iran and the Iranian-backed Hezbollahmilitia in neighbouring Lebanon.
(2) The Sunni-led oppositions is similarly turning to its regional patrons.
(3) These regional players, with their own agendas, will keep pulling Syria apart until a functioning national government can be re-established.
(4) Syrian society is considered fractured and dissonant.
(a) 1
(b) 2
(c) 3
(d) 4
(e) All sentences are relevant.

Q5. (1) It has become something of a cliché to predict that Asia will dominate the twenty-first century.
(2) It is a safe prediction, given that Asia is already home to nearly 60% of the world’s population and accounts for roughly 25% of global economic output.
(3) Asia is also the region where many of this century’s most influential countries – including China, India, Japan, Russia, South Korea, Indonesia, and the United States – interact.
(4) These developments both reflect and reinforce heightened nationalism throughout the region.
(a) 1
(b) 2
(c) 3
(d) 4
(e) All sentences are relevant.

Q6. (1) This indicates a deep lack of concern for citizens on the part of the administrators.
(2) Before this year will have ended, the French parliament will have enacted a comprehensive pension overhaul, which is essential not only to putting France’s public finances on a sound and sustainable footing, but also to shoring up confidence in the Eurozone in 2014 and beyond.
(3) This effort has gained broad public acceptance because it was fair: both retirees and working people will contribute, as will companies and households.
(4) For the first time, pension reform has been carried out in France in continuous consultation with employers’ associations and trade unions.
(a) 1
(b) 2
(c) 3
(d) 4
(e) All sentences are relevant.

Q7. (1) The concept of “sustainable harmony” can be promoted by publishing indices of personal well-being and environmental preservation, alongside standard GDP data.
(2) The desire to help others without consideration for ourselves is not just a noble ideal.
(3) Selflessness raises the quality and elevates the meaning of our lives, and that of our descendants; in fact, our very survival may even depend on it.
(4) Studies have shown that individuals and societies can learn to be more altruistic.
(a) 1
(b) 2
(c) 3
(d) 4
(e) All sentences are relevant.

Q8. (1) The problem with charities is that they have little incentive to become more efficient.
(2) Yet the real value is in training people to deliver for themselves, at a local scale – empowered rather than controlled, creative rather than rehearsed, and working by choice rather than in desperation.
(3) There is no simple way to monitor the quality and efficiency of a charity – especially one devoted to long-term changes (that is, investments) rather than daily delivery of services.
(4) Since starting my own non-profit organization, I look at other nonprofits with new eyes.
(a) 1
(b) 2
(c) 3
(d) 4
(e) All sentences are relevant.

Q9. (1) Nowadays, many people seem to be more relaxed than ever about nationality, with the Internet enabling them to forge close connections with distant cultures and people.
(2) But states remain extremely sensitive about their borders’ inviolability.
(3) A great game is beginning among Asia’s great powers, and there are scant rules in place to manage how it will be played.
(4) After all, territory – including land, oceans, air space, rivers, and seabeds – is central to a country’s identity, and shapes its security and foreign policy.
(a) 1
(b) 2
(c) 3
(d) 4
(e) All sentences are relevant.

Directions (10): In each question, there are five sentences or parts of sentences that form a paragraph. Identify the sentence(s) or part(s) of sentence(s) that is/are correct in terms of grammar and usage (including spelling, punctuation and logical consistency). Then, choose the most appropriate option.


Q10. A. Maragadavalli was running her father’s household ever since her mother had died when she was 13.
B. It took a long time for her family to settle down after that, and she was 26 by the time she had got married.
C. With 13 years of running a household under her belt, she married into a family meticulously run by mother-in-law.
D. She liked the fact that there were servant maids to help with the housework.
E. She had very less to do around the house except cut vegetable and wait for her husband to come back from work.
(a) A only
(b) A and D
(c) A and E
(d) D only
(e) A, C and E

Directions (11-15): In the following, there are sentences or parts of sentence labelled A, B, C, D and E. Choose for your answer the fragment that carries an Error. Ignore punctuation error, if any.

Q11. A. And its equally important to spread the news about companies that treat working parents
B. with fairness and respect, so that we all can try to work at these companies,
C. and send a message to others treating working parents
D. justly is a valuable employee recruitment and retention advantage.
E. No error
(a) A
(b) B
(c) C
(d) D
(e) E

Q12. A. I’ve been in Delhi for four days now
B. and so far the stay had been uneventful,
C. barring a stray incident
D. where I walked into a lamppost and then walked around Connaught Place
E. with a bloody nose.
(a) A
(b) B
(c) C
(d) D
(e) E

Q13. A. To be a citizen is to possess the rights
B. enshrined in our constitution,
C. and equally, the obligation of duty.
D. When one citizen upholds an individual right for another,
E. he enacts his duty to himself.
(a) A
(b) B
(c) C
(d) D
(e) E

Q14. A. This study takes its place alongside earlier research showing
B. that kids who are allowed to serve their own food
C. take smaller portions that they would typically be served
D. and ate 25 percentage less, and that kids tend to eat more
E. when the portions on their plates have been double.
(a) A
(b) B
(c) C
(d) D
(e) E

Q15. A. Sixty years is too small a period to acquire new civilizational traits.
B. and to mould our DNA. When that happens, we will automatically
C. realize the importance of the rule of law, the true meaning of freedom and democracy
D. and then we will behave like citizens who will not allow anyone
E. to sell their votes, and MPs will not be on sold.
(a) A
(b) B
(c) C
(d) D
(e) E



Solutions

S1. Ans.(d)
Sol. The fourth sentence talks of grievance redressal mechanisms, whereas the rest of the sentences refer to the decision-making process of the government, with special reference to quota licensing. Thus option (d) is the irrelevant sentence.

S2. Ans.(a)
Sol. Sentence-A addresses London’s attempt at proving that Russia cannot host the Olympics. This is unlike the other three sentences that make direct references to the bad luck that the month of August brings to Russia in particular. Thus sentence (a) is irrelevant to the rest of the passage.

S3. Ans.(c)
Sol. Option (c) is the answer as it speaks of Amazon, which is unaddressed in the other three sentences that deal with the operations of the FAA in the American airspace. Thus (c) is the irrelevant sentence.

S4. Ans.(d)
Sol. While options (a), (b) and (c) describe the political regime in Syria, option (d) makes a remark about Syrian society, which is not in line with the theme followed by the rest of the sentences. Thus, it is the irrelevant sentence.

S5. Ans.(d)
Sol. First, option (d) is unspecific in the region it speaks of. Second, it brings up nationalism which has no continuity with the rest of the sentences’ ideas. Thus, it is the irrelevant sentence.

S6. Ans.(a)
Sol. Option (a) directly contrasts what has been said in the other options, which is appreciative and laudatory of the French parliament’s efforts at implementing a comprehensive pension overhaul. Thus, it is irrelevant in the given context.

S7. Ans.(a)
Sol. While option (a) does seem connected to the rest of the sentences, it is still the most irrelevant from among the options present. It is an extension of the concept of altruism in discussion in the question, in that it discusses ‘sustainable harmony’. Options (b), (c) and (d) hover around the same premise and thus constitute a consistent thought.

S8. Ans.(b)
Sol. Option (b) is the answer because it diverges into a different direction from the one author takes in the other three sentences in his/her assessment of charities. It does not express an idea similar to these other sentences. It is thus the irrelevant sentence.

S9. Ans.(c)
Sol. Option (a), (b) and (d) talk of interconnectedness and territorial concerns of countries across the world, in a broad way.  There is no specific mention of any particular region or country. The mention of Asia’s power games and focus on it is what makes option C the irrelevant sentence.

S10. Ans.(d)
Sol. D only. A has a tense error – when since is used as conjunction to show the time the perfect tense is a must. The sentence should read “Maragadavalli had been running her father’s household ever since …”. Also there is ambiguity in “ … mother had died when she was 13.” B also has a tense error. “By the time she got married” rather than “she had got married” – the unnecessary shift in tense makes the sentence meaningless. E is incorrect. The intensifier ‘very’ is used incorrectly with the comparative less, it should read very little rather than very less.

S11. Ans.(a)
Sol. It’s should be used instead of its in the first part of the sentence.

S12. Ans.(d)
Sol. D should read as ‘in which I walked into …’ or ‘when I walked into …’

S13. Ans.(d)
Sol. the preposition ‘for’ should be corrected to ‘of’ – ‘right of another’, rather than ‘right for another’

S14. Ans.(d)
Sol. 25 percentage less is erroneous – 25 percent less is correct usage. Use the word “percent” with number; use “percentage” without using a number.
For example: 50 percent children, and a considerable percentage of children.

S15. Ans.(e)
Sol. We will not allow anyone to sell their votes has a problem in pronoun agreement, anyone is singular hence he or she should be used rather than the plural their. Sixty years as period is singular, hence the singular verb is correct.

Banking Awareness


Q1. Who has been appointed as the Managing Director and Chief Executive Officer of IDFC Bank with effect from July 16th 2017 for three years?
(a) Sunil Mehta
(b) Melwyn Rego
(c) Rajkiran Rai G
(d) Sunil Kakar
(e) Vikram Limaye

S1. Ans.(d)
Sol. IDFC Ltd announced the elevation of its CFO Sunil Kakar as the Managing Director and Chief Executive Officer of the company with effect from July 16th 2017 for three years. Mr. Kakar has also been appointed as additional director. Both the appointments are subject to shareholders' approval at the annual general meeting (AGM). Besides, the company announced that the Board has approved the resignation of veteran banker Vikram Limaye from the post of MD and CEO who is set to join leading stock exchange NSE as its new Managing Director and CEO.

Q2. As per the amendment, the pecuniary jurisdiction of the Banking Ombudsman to pass an award has been doubled to _____ rupees. 
(a) 20 lakh rupees
(b) 10 lakh rupees
(c) 25 lakh rupees
(d) 50 lakh rupees
(e) 5 lakh rupees

S2. Ans.(a)
Sol. The central bank has extended the scope of Banking Ombudsman Scheme. As per RBI, under the amended scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence to RBI instructions with regard to mobile banking/ electronic banking services in India. As per the amendment, the pecuniary jurisdiction of the Banking Ombudsman to pass an award has been doubled to 20 lakh rupees. The Reserve Bank extended the scope of Banking Ombudsman Scheme under which banks could be penalized for mis-selling third-party products like insurance and mutual funds via mobile or electronic banking.

Q3. Capital markets regulator SEBI has relaxed takeover norms for the acquisition of stressed assets of listed companies to help the government and the RBI in their efforts to tackle bad loans. What is the meaning of "B" in SEBI?
(a) Base
(b) Business
(c) Broker
(d) Bank
(e) Board

S3. Ans.(e)

Sol. Capital markets regulator, SEBI (Securities Exchange Board of India) relaxed takeover norms for the acquisition of stressed assets of listed companies to help the government and the RBI in their efforts to tackle bad loans. SEBI Chairman Ajay Tyagi took the decision after a board meeting in Mumbai.

Q4. Asian Infrastructure Investment Bank (AIIB) has approved USD 150 million equity investment loan to the India Infrastructure Fund. It is the bank's first such loan to fund private projects. AIIB based in-?
(a) France
(b) Australia
(c) China
(d) Germany
(e) USA

S4. Ans.(c)
Sol. China-led Asian Infrastructure Investment Bank (AIIB) has approved USD 150 million equity investment loan to the India Infrastructure Fund. It is the bank's first such loan to fund private projects.

Q5. World Bank's Board of Executive Directors has approved a loan assistance of __________ million dollars for the Assam State Public Finance Institutional Reforms (ASPIRe) Project.
(a) 103 million dollars
(b) 44 million dollars
(c) 502 million dollars
(d) 328 million dollars
(e) 1005 million dollars

S5. Ans.(b)

Sol. World Bank's Board of Executive Directors has approved a loan assistance of 44 million dollars for the Assam State Public Finance Institutional Reforms (ASPIRe) Project. The loan was sanction by World Bank (International Bank for Reconstruction and Development) in its meeting held at Washington DC, USA.

Q6. Which among the following countries has contributed $100,000 to a UN fund to help developing countries actively participate in the discussion of tax issues, becoming the first country to make the contribution?
(a) India
(b) UK
(c) Austria
(d) Canada
(e) China

S6. Ans.(a)

Sol. India has contributed $100,000 to a UN fund to help developing countries actively participate in the discussion of tax issues, becoming the first country to make the contribution. The UN Tax Trust Fund aims to support the work of the Committee of Experts on International Cooperation in Tax Matters.


Q7. Which bank has started insolvency resolution process against Lanco Infratech Ltd. following a directive from the Reserve Bank of India (RBI), while this is the first resolution process initiated by the lenders against 12 large borrowers identified by the RBI recently?
(a) State Bank of India
(b) IDBI Bank
(c) Punjab National Bank
(d) Bank of India
(e) ICICI Bank

S7. Ans.(b)
Sol. IDBI Bank has started insolvency resolution process against Lanco Infratech Ltd. following a directive from the Reserve Bank of India (RBI), While this is the first resolution process initiated by the lenders against 12 large borrowers identified by the RBI recently.

Q8. Stepping up its fight against tax evasion, the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for transactions exceeding-
(a) Rs.10,000
(b) Rs.80,000
(c) Rs.50,000
(d) Rs.1,00,000
(e) Rs.1,50,000

S8. Ans.(c)
Sol. Stepping up its fight against tax evasion, the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for transactions exceeding Rs.50,000. With the amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 notified earlier this month, banks will have to demand both Aadhaar and the Permanent Account Number (PAN) for verification of identity.

Q9. The Reserve Bank of India has initiated PCA on Bank of Maharashtra placing a restriction on the banking activities. What is the meaning of "A" in PCA?
(a) Against
(b) Assets
(c) Association
(d) Action
(e) Agency

S9. Ans.(d)

Sol. The Reserve Bank of India has initiated prompt corrective action (PCA) on Bank of Maharashtra placing a restriction on the banking activities. This RBI has said that the action is taken on the bank in view of the high level of bad loans. This is the sixth bank to be placed under PCA by the RBI and of this five banks were placed under PCA in the last three months. RBI has initiated PCA on Central Bank of India, IDBI Bank, UCO Bank, Dena Bank and Indian Overseas Bank.

Q10. Which among the following international organisation has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India Mission?
(a) Asian Development Bank (ADB)
(b) World Trade Organization (WTO)
(c) Asian Infrastructure Investment Bank (AIIB)
(d) International Monetary Fund (IMF)
(e) World Bank (WB)

S10. Ans.(e)
Sol. The World Bank has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India Mission. The multi-lateral lender is keen to support the Indian government in its efforts to better equip the young workforce with employable skills. Under the program, adults in 15-59 years of age, underemployed or unemployed, will get the skill training.

Q11. Which among the following bank has partnered with mobile payments switch TerraPay to enable real-time money transfer to bank accounts in India?
(a) Kotak Mahindra Bank
(b) Axis Bank
(c) Yes Bank
(d) ICICI Bank
(e) HDFC Bank

S11. Ans.(c)
Sol. Private sector lender Yes Bank has partnered with mobile payments switch TerraPay to enable real-time money transfer to bank accounts in India. Powered by TerraPay’s global clearing and settlement service, the partnership will make it faster and convenient for consumers to send money to any bank account.

Q12. Meghalaya government has signed two MoUs with the __________ as a part of an initiative towards migrating government transactions to digital mode. 
(a) Bank of Maharashtra
(b) Indian Bank
(c) Bank of Baroda
(d) Punjab National Bank
(e) State Bank of India

S12. Ans.(e)
Sol. Meghalaya government has signed two MoUs with the State Bank of India as a part of an initiative towards migrating government transactions to digital mode. With the implementation of the Goods and Services Tax(GST), these MoUs are expected to give dealers and other citizens the desired platform for conducting financial transactions with the state government on a digital platform.

Q13. An agreement for _________ Credit of USD 35 Million from World Bank for “Assam State Public Financial Institutional Reforms Project” was signed in New Delhi.
(a) International Bank for Reconstruction and Development (IBRD)
(b) International Centre for Settlement of Investment Disputes (ICSID)
(c) International Finance Corporation (IFC)
(d) Multilateral Investment Guarantee Agency (MIGA)
(e) International Development Association (IDA)

S13. Ans.(a)
Sol. An agreement for IBRD Credit of USD 35 Million from World Bank for “Assam State Public Financial Institutional Reforms Project” was signed in New Delhi. The agreement was signed by Shri Raj Kumar, Joint Secretary (MI), Department of Economic Affairs on behalf of the Government of India and Mr. John Blomquist, Acting Country Director, World Bank (India) on behalf of the World Bank.

Q14. The Insurance Regulatory and Development Authority of India (IRDAI) has taken over the administration of Sahara India Life Insurance, a first of its kind move in the insurance sector. Sahara India Life Insurance based in-
(a) Jaipur
(b) Lucknow
(c) Patna
(d) Shimla
(e) New Delhi

S14. Ans.(b)
Sol. The Insurance Regulatory and Development Authority of India (IRDAI) has taken over the administration of Sahara India Life Insurance, a first of its kind move in the insurance sector. The administrator will act as per the powers and duties and applicable provisions. R.K. Sharma, general manager, IRDA has been appointed as the administrator with “immediate effect” to manage Sahara India Life Insurance Company. Lucknow-based Sahara India Life Insurance was the first wholly Indian owned life insurance company in the private sector.

Q15. The proposed merger between Aadhar Housing Finance and DHFL Vysya Housing Finance has hit the final lap with it got the nod from housing finance regulator National Housing Bank (NHB). NHB was set up on-
(a) 09th July 1982
(b) 09th July 1992
(c) 09th July 1999
(d) 09th July 1988
(e) 09th July 1956

S15. Ans.(d)
Sol. The proposed merger between Aadhar Housing Finance and DHFL Vysya Housing Finance has hit the final lap with it got the nod from housing finance regulator National Housing Bank (NHB). Aadhar Housing Finance Chief Executive Officer Deo Shankar Tripathi stated that it had applied to National Company Law Tribunal (NCLT) for the next stage approval. NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987.

QUIZ-16


Q1. With which of the following country, India has recently started a 14-day joint military training exercise in Himachal Pradesh?
(a) Oman
(b) Australia
(c) Nigeria
(d) Thailand
(e) Israel
S1. Ans.(d)
Sol. A 14-day joint military training exercise between India and Thailand started in Himachal Pradesh. The joint exercise of the Indian Army with the Royal Thailand Army commenced at Bakloh in Chamba district.

Q2. An international body which focuses on climate policies has ranked TERI among the top think tanks in the world. What does 'R' stands for in TERI?
(a) Reprise
(b) Resources
(c) Recommended
(d) Reformation
(e) Report
S2. Ans.(b)
Sol. An international body which focuses on climate policies has ranked The Energy Resources Institute (TERI) among the top think tanks in the world. TERI was ranked number two by the International Center for Climate Governance (ICCG).
Q3. Who is the present Director General of TERI?
(a) Vijay Kumar
(b) Anand Mehta
(c) Ajay Mathur
(d) Sandeep Mahesh
(e) Aditya Kumar

S3. Ans.(c)
Sol. Ajay Mathur is Director General of TERI - The Energy & Resources Institute, and a member of the Prime Minister's Council on Climate Change.
Q4. Name the Himachal Pradesh director general of police (DGP) who has been recently appointed as the new chief of the National Disaster Response Force (NDRF).
(a) Kumar Sehgal
(b) Sanjay Kumar
(c) Sameer Malhotra
(d) Sanjay Dubey
(e) Hemant Karmakar
S4. Ans.(b)
Sol. Himachal Pradesh director general of police (DGP) Sanjay Kumar has been appointed as the new chief of the National Disaster Response Force (NDRF).
Q5. National Disaster Response Force (NDRF) is headquartered in _____________.
(a) Jaipur
(b) Mumbai
(c) New Delhi
(d) Kolkata
(e) Chennai
S5. Ans.(c)
Sol. NDRF was formed in 2006. It is headquartered in New Delhi.
Q6. The Karnataka government has launched the scheme named _____________ to identify and nurture innovative start-ups.
(a) Start-up with us
(b) Start-up-50
(c) Start with us
(d) Elevated-50
(e) Elevate 100
S6. Ans.(e)
Sol. The Karnataka government has launched the ‘Elevate 100’ scheme to identify and nurture innovative start-ups. The aim is to identify 100 most innovative start-ups in the state to elevate them to the next level of success.
Q7. Name the new fast-growing Israeli flower that has been recently named after Prime Minister NarendraModi, in a special gesture to mark the first visit of an Indian Premier to the Jewish nation.
(a) Crysanthumun
(b) Amaryllis
(c) Callistemon
(d) Ranunculus
(e) Sakura
S7. Ans.(a)
Sol. A new fast-growing Israeli flower was today named after Prime Minister NarendraModi, in a special gesture to mark the first visit of an Indian premier to the Jewish nation. Israeli Crysanthumun flower will now be called “MODI”.

Q8. Who was the counterpart of PM Modi on the visit of PM to Israel?
(a) Ehud Olmert
(b) Ariel Sharon
(c) Benjamin Netanyahu
(d) Ehud Barak
(e) Shimon Peres
S8. Ans.(c)

Sol. Benjamin Netanyahu is the PM of Israel. The Capital of Israel is Jerusalem.
Q9. The United Forum of Bank Unions has decided to observe ____________ as ‘Save public sector banks’ day.
(a) 15 July
(b) 19 July
(c) 10 July
(d) 6 July
(e) 12 July
S9. Ans.(b)
Sol. The United Forum of Bank Unions has decided to observe July 19, the 48th anniversary of nationalization of major banks, as ‘Save public sector banks’ day.
Q10. Prayut Chan-o-cha is the present Prime Minister of which country?
(a) South Korea
(b) Japan
(c) Thailand
(d) Indonesia
(e) Oman

S10. Ans.(c)
Sol. Prayut Chan-o-cha is the present Prime Minister of Thailand. Bangkok is the capital of Thailand.
Its currency is Thai baht.