Tuesday, 18 July 2017

New Pattern English


Directions (1-15): In the following questions, two sentences are given. There may be an error in the sentence(s). 

Q1. I. Yesterday I have written a letter to my friend.
II. My letter ought to have reached him this morning.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q2. I. He was so stammering that he stopped his speech between each word.
II. I shall give you sweets when you will pass the examination.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q3. I. I came to borrow a small sum of money from you.
II. Do you object to my sitting in your room for a while?
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q4. I. When I see these pity children my eyes get filled with tears.
II. She expected me to feel pity on her and help her.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q5. I. They are always complaining about something or the other.
II. Do you think your parents will let you to go to England?
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q6. I. It was dark inside; so I lighted a match.
II. I could not see anything but I heard some noises.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q7. I. Scarcely did I open my book than the light was put out.
II. No sooner did I reach the Railway Station than the train started.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q8. I. The Government borrowed millions of dollars from the World Bank.
II. Having received news of his death the Police stopped looking after him.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q9. I. The old should not be brushed away by society.
II. One mustn’t waste his time when there is so much to do.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q10. I. We all refrained telling her what we really thought.
II. He felt rejected by the man he admired most.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q11. I. The musician received a standing ovation by the audience.
II. Many voluntary organizations come forward to help the flood victims.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q12. I. My friend dropped in at my place, to pass some time with me.
II. The artists regaled the audience by their lively performance.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q13. I. We enjoyed very much at the picnic.
II. He was severely punished for his impatient behaviour.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q14. I. The bawling baby was rocked to sleep by its mother.
II. Let me congratulate you for your success in the examination.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above

Q15. I. All the participants in the programme were presented mementos.
II. A warm welcome was accorded to the visiting dignitaries.
(a) if there is an error only in the first sentence;
(b) if there is an error only in the second sentence;
(c) if there are errors in both sentences; and
(d) if there is no error in either of the sentences.
(e) None of the above


Solutions
S1. Ans.(a)
Sol. Since the action has taken place yesterday; the verb must be in the past tense – not present perfect – yesterday I wrote ……

S2. Ans.(c)
Sol. The conjunction so …… that is used to join two negatives or two positives. Here it is ‘badly’ and ‘stopped his speech’ that are linked by so … that. He was stammering so badly that …… here, use of conjunction is incorrect, we need correct sentence structure. 
In the second sentence the future tense is used in the subordinate clause. In the subordinate clause of condition and time, the simple present is used instead of the simple future … when you pass the examination.

S3. Ans.(d)
Sol. Both the sentences are correct.

S4. Ans.(c)
Sol. ‘Pity’ is a noun. It should be the adjective ‘pitiful’ as it qualifies children … These pitiful children …… In the second sentence the preposition ‘for’ normally follows the noun ‘pity’ …… to feel pity for ….

S5. Ans.(b)
Sol. ‘Let go’ means release or set at liberty so sentences should be … Let you go to ……

S6. Ans.(b)
Sol. Sentence (a) is correct. In sentence (b), ‘I’ need not be repeated after ‘but’ since the subject is the same. ‘I could not see anything but heard some noises.

S7. Ans.(a)
Sol. Sentence (I) should be ‘Scarcely had I opened my book when… scarcely in followed by when, correlative conjunction.

S8. Ans.(b)
Sol. In sentence (II) ‘looking after’ means ‘taking care of’ – e.g. Parents look after children. ‘Looking for’ means searching which is the meaning intended here.

S9. Ans.(c)
Sol. In sentence (I), it should be brushed aside ‘not’ brushed away. ‘Aside’ means ‘to one side’, ‘out of the way’ where as ‘away’ means ‘to a distance’.
Sentence (II) should be ‘One mustn’t waste one’s time……’ One must be followed by one’s,

S10. Ans.(c)
Sol. In sentence -I ‘refrained’ should be followed by the preposition ‘from’ – we all refrained from telling her……
In sentence -II most must be preceded by the definite article ‘the … admired the most. The is always used before an adjective in superlative degree.

S11. Ans.(c)
Sol. In sentence- I, received … from not by – received a standing ovation from the audience. In sentence- II, the verb must be in the past tense – Many voluntary organizations came forward to..

S12. Ans.(c)
Sol. In sentence I, - My friend dropped at my place to spend some time … not pass time ……
In sentence -II, it should be regaled … With not by – The artists regaled the audience with their …

S13. Ans.(a)
Sol. Sentence -I, ‘we enjoyed ourselves’, without the reflexive pronoun, it is incomplete (enjoyed what?) Sentence II is correct.

S14. Ans.(b)
Sol. Sentence -II, congratulate on not for – let me congratulate you on your ……

S15. Ans.(a)
Sol. Sentence -I, the preposition should be ‘of’ not ‘in’. All the participants of the programme……

Daily GK Update 18th July 2017


i. Nelson Mandela International Day (or Mandela Day) is an annual international day in honour of Nelson Mandela, celebrated each year on 18 July, Mandela's birthday. 

ii. The Nelson Mandela Foundation is dedicating this year's Mandela Day to Action Against Poverty, honouring Nelson Mandela's leadership and devotion to fighting poverty and promoting social justice for all. 

Important Takeaways from Above News-
  • The Mandela Day was officially declared by the United Nations in November 2009.
  • The first UN Mandela Day held on 18 July 2010. 
  • Nelson Mandela was the first democratically elected president of a free South Africa.

i. The spectacular Dal Lake here hosted first ever 'Culture of Cruise', a weekly cultural programme organised by the Jammu and Kashmir government aimed to bring artists from various fields on one stage. 

ii. The innovative programme series brings writers, performance artists, musicians, poets and academics together and offers a program of performances, workshops, talks, forums and debates.

Important Takeaways from Above News-
  • Dachigam, Salim Ali and Hemis are the National Park in Jammu and Kashmir.
  • CM of Jammu and Kashmir is Mehbooba Mufti Sayeed.

i. Nobel Laureate Professor Amartya Sen released a book titled "Future of Indian Universities: Comparative and International Perspectives" at Rashtrapati Bhavan. President Pranab Mukherjee, who received the first copy of the book.

ii. The book ‘Future of Indian Universities: Comparative and International Perspectives’ has been compiled by Professor (Dr.) C. Raj Kumar, Vice Chancellor of JGU University and is published by Oxford University Press.

Important Takeaways from Above News-
  • Amartya Sen was awarded the Nobel Memorial Prize in Economic Sciences in 1998 and India's Bharat Ratna in 1999 for his work in welfare economics.

i. Prime Minister Narendra Modi gave the Information and Broadcasting portfolio to Smriti Irani. The Urban Development Ministry, which was also being handled by Naidu, has been given to Narendra Singh Tomar.

ii. This announcement came after BJP leader M Venkaiah Naidu, who is the government's nominee for the position of Vice-President, resigned from his ministerial responsibilities.

Important Takeaways from Above News-
  • Smriti Irani is also Textiles Minister in the Government of India. 
  • Narendra Singh Tomar is also the Union Minister for Panchayati Raj, Drinking Water and Sanitation, and Housing and Urban Affairs

i. The Indian Chamber of Commerce (ICC), in association with the West Bengal government, will host Horasis Asia Meeting, a global business meet, in the city in November.

ii. The two-day business meet, starting November 26, will focus on sustainable business practices in various areas, including power and energy.

Important Takeaways from Above News-
  • Shashwat Goenka is the President of ICC.

i. State Bank of India, the country’s largest commercial bank, has launched 'SBI Realty' - a one-stop integrated website www.sbirealty.in for home buyers.

ii. SBI Realty will help customers to choose their dream home from 3,000 SBI approved projects across the country. These projects are spread across 13 states and Union Territories covering 30 cities, including metros, semi metro and towns. The site is developed by SBICAP Securities in association with PropEquity in terms of data support, project information. 

Important Takeaways from Above News-
  • The Chairman of SBI is Smt. Arundhati Bhattacharya.
  • SBI is Headquartered in Mumbai, Maharashtra.

i. 131st edition of the Wimbledon Championships tennis tournament took place at  All England Lawn Tennis and Croquet Club in Wimbledon, London, the United Kingdom from 3rd – 16th July 2017. 

ii. It was played on grass courts, organised by the All England Lawn Tennis Club and the International Tennis Federation and is part of the ATP World Tour, the WTA Tour, the ITF Junior Tour and the NEC Tour. Here is the complete list of all the winners in different categories of Wimbledon 2017.
category
Winner
                   Runners-up
Men’s Singles
Roger Federer (Switzerland)
         Marin Cilic (Croatia)
Women’s Singles
Garbine Muguruza (Spain)
       Venus Williams (US)
Men’s Doubles
Lukasz Kubot (Poland) & Marcelo Melo (Brazil)
    Oliver Marach (Austria) & Mate Pavic (Croatia)
Women’s Doubles
Ekaterina Makarova (Russia) & Elena Vesnina (Russia)
   Monica Niculescu (Romania) & Chan Hao-ching (Chinese)
Mixed Doubles
Jamie Murray (UK) & Martina Hingis (Switzerland)
    Heather Watson (UK) & Henri Kontinen (Finland)

Banking Awareness


Q1. The Reserve Bank of India (RBI) has granted “in-principle” approval to the ________ applicants to set up small finance banks under the “Guidelines for Licensing of Small Finance Banks?
(a) 11
(b) 12
(c) 13
(d) 10
(e) 15

S1. Ans.(d)
Sol. The Reserve Bank of India (RBI) has decided to grant “in-principle” approval to the following 10 applicants to set up small finance banks under the “Guidelines for Licensing of Small Finance Banks in the private sector” (Guidelines) issued on November 27, 2014.
Names of selected applicants
1. Au Financiers (India) Ltd., Jaipur
2. Capital Local Area Bank Ltd., Jalandhar
3. Disha Microfin Private Ltd., Ahmedabad
4. Equitas Holdings P Limited, Chennai
5. ESAF Microfinance and Investments Private Ltd., Chennai
6. Janalakshmi Financial Services Private Limited, Bengaluru
7. RGVN (North East) Microfinance Limited, Guwahati
8. Suryoday Micro Finance Private Ltd., Navi Mumbai
9. Ujjivan Financial Services Private Ltd., Bengaluru
10. Utkarsh Micro Finance Private Ltd., Varanasi


Q2. The minimum paid-up equity capital for small finance banks shall be----------
(a) Rs. 100 crore
(b) Rs. 200 crore
(c) Rs. 300 crore
(d) Rs. 400 crore
(e) Rs. 500 crore

S2. Ans.(a)
Sol. The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore.


Q3. Reserve Bank of India has granted in-principle licence for small finance banks. The in-principle approval granted by RBI will be valid for a period of ________ months.
(a) 24 months
(b) 10 months
(c) 18 months
(d) 50 months
(e) 12 months

S3. Ans.(c)
Sol. Reserve Bank of India has granted in-principle licence for small finance banks to ten entities. The in-principle approval granted by RBI will be valid for a period of 18 months.


Q4. Where is the headquarter of AU Small Finance Bank?
(a) Jalandhar, Punjab
(b) Ahmedabad, Gujarat
(c) Guwahati, Assam
(d) Bengaluru, Karnataka
(e) Jaipur, Rajasthan

S4. Ans.(e)
Sol. Jaipur, Rajasthan is headquarter of AU Small Finance Bank.


Q5. RBI was granted a licence to small Finance Banks for commencement of banking business under Section ______ of the Banking Regulation Act, 1949.
(a) Section 38(3)
(b) Section 22(1)
(c) Section 47(4)
(d) Section 12(2)
(e) Section 27(5)

S5. Ans.(b)
Sol. RBI was granted a licence to small Finance Banks for commencement of banking business under Section 22(1) of the Banking Regulation Act, 1949.


Q6. Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of Rs 9,000 crore ($1.4 billion) in mobile payments provider Paytm. Softbank is based in-
(a) Austria
(b) Japan
(c) Hong Kong
(d) China
(e) Russia

S6. Ans.(b)
Sol. Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of Rs 9,000 crore ($1.4 billion) in mobile payments provider Paytm.The Japanese internet and telecom conglomerate will now own about a fifth of the Noida-based company estimated to be worth $8 billion, making it the country’s second most valuable startup. This is the largest fund infusion by a single investor in an Indian start-up and also Softbank's largest investment in a single company in India.


Q7. Which among the following banks has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC?
(a) Kotak Mahindra Bank
(b) Axis Bank
(c) ICICI Bank
(d) State Bank of India
(e) Karnataka Bank

S7. Ans.(e)
Sol. Karnataka Bank Ltd has entered into a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC.


Q8. HDFC Life has announced the launch of an artificial intelligence-based application 'SPOK' that can automatically read, understand, categorise, prioritise and respond to customer emails sent to the private insurer. Where is the corporate office of HDFC life?
(a) Nainital
(b) Jaipur
(c) Mumbai
(d) New Delhi
(e) Ahmedabad

S8. Ans.(c)
Sol. HDFC Life has announced the launch of an artificial intelligence-based application 'SPOK' that can automatically read, understand, categorise, prioritise and respond to customer emails sent to the private insurer. Mumbai is the corporate office of HDFC life.


Q9. Which bank has launched a new trading platform called “Selfie” for customers in association with Geojit?
(a) Federal Bank
(b) IDFC Bank
(c) Kotak Mahindra Bank
(d) HDFC Bank
(e) ICICI Bank

S9. Ans.(a)
Sol. Federal Bank, in association with Geojit, has launched a new trading platform called “Selfie” for customers. Designed and managed by Geojit, the trading platform will give its users absolute control over their investments with timely research inputs to make sound investment decisions.


Q10. _____________ and IFFCO rolled out their first set of co-branded debit cards for farmers as part of a novel initiative to push digitalisation and cashless economy.
(a) SIDBI
(b) SBI
(c) PNB
(d) BOB
(e) NABARD

S10. Ans.(d)
Sol. Bank of Baroda (BOB) and IFFCO has rolled out their first set of co-branded debit cards for farmers as part of a novel initiative to push digitalisation and cashless economy. Both the organisations in February 2017 entered into a memorandum of understanding (MoU) in this regard. The co-branded debit cards, with inbuilt overdraft of Rs. 2,500 in special savings bank account, could be used for purchase of various agri products at IFFCO sale counters. 


Q11. NPA is a loan or an advance where interest and/or installment of principal remain overdue for a period of more than ______ days in respect of a term loan.
(a) 100 days
(b) 30 days
(c) 90 days
(d) 60 days
(e) 120 days

S11. Ans.(c)
Sol. A non ­performing asset (NPA) is a loan or an advance where interest and/or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.


Q12. NPA is a loan or an advance where?
(a) the instalment of principal or interest there on remains overdue for one crop season for long duration crops.
(b) the account remains ‘out of order’ in respect of an Overdraft/Cash Credit (OD/CC).
(c) the instalment of principal or interest there on remains overdue for two crop seasons for short duration crops.
(d) All of the above
(e) None of the above

S12. Ans.(d)
Sol. A non ­performing asset (NPA) is a loan or an advance where;
1. interest and/or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.
2. the account remains ‘out of order’ in respect of an Overdraft/Cash Credit (OD/CC).
3. the bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted.
4. the instalment of principal or interest there on remains overdue for two crop seasons for short duration crops.
5. the instalment of principal or interest there on remains overdue for one crop season for long duration crops.
6. the amount of liquidity facility remains outstanding for more than 90 days, in respect of a securitisation transaction undertaken in terms of guidelines on securitisation dated February 1, 2006.
7. in respect of derivative transactions, the overdue receivables representing positive mark-to-market value of a derivative contract, if these remain unpaid for a period of 90 days from the specified due date for payment.


Q13. The purpose of MUDRA is to provide funding to the non-corporate small business sector through various Last Mile Financial Institutions like-
(a) Banks
(b) NBFCs
(c) MFIs
(d) All of the above
(e) None of the above

S13. Ans.(d)
Sol. MUDRA, which stands for Micro Units Development & Refinance Agency Ltd, is a financial institution being set up by Government of India for development and refinancing micro units’ enterprises. It was announced by the Hon’ble Finance Minister while presenting the Union Budget for FY 2016. The purpose of MUDRA is to provide funding to the non-corporate small business sector through various Last Mile Financial Institutions like Banks, NBFCs and MFIs. 


Q14. MUDRA Bank, a Non Banking Finance Company as MUDRA Ltd has been set up as a subsidiary of............?
(a) SIDBI
(b) IDBI
(c) RBI
(d) NABARD
(e) SBI

S14. Ans.(a)
Sol. MUDRA Bank, a Non Banking Finance Company as MUDRA Ltd has been set up as a subsidiary of SIDBI.


Q15. In which among the following year Asia's first Export Processing Zone (EPZ) was set up?
(a) 1959
(b) 1971
(c) 1965
(d) 1956
(e) 1975

S15. Ans.(c)
Sol. India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla, Gujarat in 1965. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India, the Special Economic Zones (SEZs) Policy was announced in April 2000.