Practice Section 7 question answer - general english mcq Online Quiz (set-1) For All Competitive Exams

DIRECTIONS:

Read the fol lowing passages carefully and answer the questions given below them. Certain words are given in bold to help you to locate them while answering some of the questions.

PASSAGE

In a disarmingly frank talk at the Indian Merchants Chamber in Mumbai, the Japanese Ambassador in India dwelt at length on issues that exercise the minds of Japanese investors when they consider investment proposals in India.

Raising the question "What comparative advantages does India offer as an investment market?", he said though labour in India is inexpensive, wage levels are offset by productivity level to a large extent.

Acknowledging that the vastness of the Indian market is a great inducement for investment in manufacturing industry, he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Minister's visit to Japan, the government delinked profits repatriation from exports, meeting this demand.

The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalisation policy and the fact that new measures had been put into force by means of administrative notifications without amending government laws acted as a damper.

The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the government on disinvestment by foreign partners in joint ventures in India.

While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little doubt that if foreign investment is to be wooed assiduously, we will have to meet exacting international standards and cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were derided as sub-standard and shoddy. That they have come out of that ordeal of fire to emerge as an economic superpower speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.

There is no gainsaying that the past record of Japanese investment is a poor benchmark for future expectations.

Q-1)   Choose the word which is most nearly the SAME in meaning to the word printed in capital as used in the passage.

SHODDY

(a)

(b)

(c)

(d)

(e)

Explanation:

The meaning of the word ‘shoddy’ as mentioned in the passage is ‘of poor quantity’; ‘done or made badly’. Out of the given words, ‘shabby’ means ‘in poor condition through much use of being badly cared for’. Hence the words ‘shoddy’ and ‘shabby’ are synonymous.


DIRECTIONS:

Read the fol lowing passages carefully and answer the questions given below them. Certain words are given in bold to help you to locate them while answering some of the questions.

PASSAGE

In a disarmingly frank talk at the Indian Merchants Chamber in Mumbai, the Japanese Ambassador in India dwelt at length on issues that exercise the minds of Japanese investors when they consider investment proposals in India.

Raising the question "What comparative advantages does India offer as an investment market?", he said though labour in India is inexpensive, wage levels are offset by productivity level to a large extent.

Acknowledging that the vastness of the Indian market is a great inducement for investment in manufacturing industry, he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Minister's visit to Japan, the government delinked profits repatriation from exports, meeting this demand.

The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalisation policy and the fact that new measures had been put into force by means of administrative notifications without amending government laws acted as a damper.

The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the government on disinvestment by foreign partners in joint ventures in India.

While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little doubt that if foreign investment is to be wooed assiduously, we will have to meet exacting international standards and cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were derided as sub-standard and shoddy. That they have come out of that ordeal of fire to emerge as an economic superpower speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.

There is no gainsaying that the past record of Japanese investment is a poor benchmark for future expectations.

Q-2)   Choose the word which is most nearly the SAME in meaning to the word printed in capital as used in the passage.

ASSIDUOUSLY

(a)

(b)

(c)

(d)

(e)

Explanation:

The meaning of the word ‘assiduous’ is ‘working hard and the showing careful attention to detail’. Meaning of the word ‘persistent’ is ‘refusing to give up’. Hence the words ‘assiduously’ and ‘persistently’ are synonymous.


DIRECTIONS:

Read the fol lowing passages carefully and answer the questions given below them. Certain words are given in bold to help you to locate them while answering some of the questions.

PASSAGE

In a disarmingly frank talk at the Indian Merchants Chamber in Mumbai, the Japanese Ambassador in India dwelt at length on issues that exercise the minds of Japanese investors when they consider investment proposals in India.

Raising the question "What comparative advantages does India offer as an investment market?", he said though labour in India is inexpensive, wage levels are offset by productivity level to a large extent.

Acknowledging that the vastness of the Indian market is a great inducement for investment in manufacturing industry, he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Minister's visit to Japan, the government delinked profits repatriation from exports, meeting this demand.

The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalisation policy and the fact that new measures had been put into force by means of administrative notifications without amending government laws acted as a damper.

The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the government on disinvestment by foreign partners in joint ventures in India.

While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little doubt that if foreign investment is to be wooed assiduously, we will have to meet exacting international standards and cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were derided as sub-standard and shoddy. That they have come out of that ordeal of fire to emerge as an economic superpower speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.

There is no gainsaying that the past record of Japanese investment is a poor benchmark for future expectations.

Q-3)   Choose the word which is most OPPOSITE in meaning of the word printed in capital as used in the passage.

INDUCEMENT

(a)

(b)

(c)

(d)

(e)

Explanation:

The meaning of the word ‘inducement’ as mentioned in the passage is ‘a thing that persuades somebody to do something’; ‘an incentive’. Out of the given words, ‘impediment’ means ‘a person or thing that delays or stops the progress or movement of something’. Hence the words ‘inducement’ and ‘impediment’ are antonymous.


DIRECTIONS:

Read the following passage carefully and answer the questions given below. Certain words/phrases are printed in bold to help you to locate them while answering some of the questions.

PASSAGE

We have inherited the tradition of secrecy about the budget from Britain where also the system has been strongly attacked by eminent economists and political scientists including Peter Jay. Sir Richard Clarke, who was the originating genius of nearly every important development in the British budgeting techniques during the last two decades, has spoken out about the abuse of budget secrecy: "The problems of long-term tax policy should surely be debated openly with the facts on the table. In my opinion, all governments should have just the same duty to publish their expenditure policy. Indeed, this obligation to publish taxation policy is really essential for the control of public expenditure in order to get realistic taxation implications." Realising that democracy flourishes best on the principles of open government, more and more democracies are having an open public debate on budget proposals before introducing the appropriate Bill in the legislature. In the United States the budget is conveyed in a message by the President to the Congress, which comes well in advance of the date when the Bill is introduced in the Congress. In Finland the Parliament and the people are already discussing in June the tentative budget proposals which are to be introduced in the Finnish Parliament in September. Every budget contains a cartload of figures in black and white - but the dark figures represent the myriad lights and shades of India's life, the contrasting tones of poverty and wealth, and of bread so dear and flesh and blood so cheap, the deep tints of adventure and enterprise and man's ageless struggle for a brighter morning. The Union budget should not be an annual scourge but a part of presentation of annual accounts of a partnership between the Government and the people. That partnership would work much better when the nonsensical secrecy is replaced by openness and public consultations, resulting in fair laws and the people's acceptance of their moral duty to pay.

Q-4)   Choose the word which is most OPPOSITE in meaning to the word printed in bold as used in the passage.

FLOURISHES

(a)

(b)

(c)

(d)


DIRECTIONS:

Read the following passage carefully and answer the questions given below it. Certain words in the passage are printed in bold to help you to locate them easily while answering some of the questions.

PASSAGE

John Maynard Keynes, the trendiest dead economist of this apocalyptic moment was the godfather of government stimulus. Keynes had the radical idea that throwing money at recessions through aggressive deficit spending would resuscitate flat-lined economies and he wasn't too particular about where the money was thrown. In the depths of the Depression, he suggested that the Treasury could fill old bottles with banknotes, bury them at suitable depths in disused coal mines then sit back and watch a money mining boom create jobs and it above would be better Barrack Obama throw money at the cur item a stimulus package it about $800 billion, plus the 350 billion chunk of the bailout we all really do see may Nissans now.

Just about expert agrees that pumping $ 1 into a moribund economy will p the ethereal goods and services re that Keynes called aggregate and stimulate at least some rattan activity, even if it is all tendon money pits. But Keynes was right that there would be more able ways to spend it. A trillion it's worth of bad ideas sprawl rig highways and bridges to no e, ethanol plants and pipelines accelerate global warming, tax for overleveraged McMahsidrters and burdensome new long federal entitlements would be than mere waste.

It would beer to buy every American an iPod,) Ginsu knives and 600 Subv$yngs would be smarter still to the money at things we need to which .is the goal of Obartias sing Arnericah Recovery and Recent Plan. It will include a mix of cuts, aid to beleaguered state a governments and spending rest needs ranging from food to computerized health records repairs to broadband net D energy efficiency retrofits, all d to save or create 3 million to in jobs by the end of 2010. has said speed is his top cause the faster Washington ash into the financial blood the better it stands to help multiyear slump with double employment and deflation. But v ants to use the stimulus to his long-term priorities reduce the use and carbon emissions, middle-class taxes, upgrading infrastructure, reining in e costs and eventually reduced get deficits that exploded large W. Bush. Obamas goal this crisis in the best sensed, to start pursuing his veneer, fairer, more compete sustainable economy was a megaton has demonstrated an impressive ability to spend money quickly, it has yet to prove that it can spend money wisely.

And the chum of a 1 with 12 zeros is already creating a feeding frenzy, for the ages. Lobbyists for shoe companies, zoos, catfish fanners, mall owners, airlines, public broadcasters, car dealers and everyone else who can afford their retainers are lining up for a piece of the stimulus. States that embarked on raucous spending and tax-cutting sprees when they were flush are begging for bailouts now that they're broke. And politicians are dusting off their unfunded mobster museums, watersides and other pet projects for rebranding as shovel ready infrastructure investments. As Obamas aides scramble to assemble something effective and transformative as well as politically achievable, they acknowledge the ten between his desires for speed and reform.

Q-5)   Why is the recession the beginning of good news for India in the author's view?
  1. India can provide an attractive market to western companies.
  2. India has remained largely unaffected by recession owing to its huge population.
  3. Indians keep purchasing products despite owning equally good products

(a)

(b)

(c)

(d)

(e)

Explanation:


DIRECTIONS:

Read the fol lowing passages carefully and answer the questions given below them. Certain words are given in bold to help you to locate them while answering some of the questions.

PASSAGE

In a disarmingly frank talk at the Indian Merchants Chamber in Mumbai, the Japanese Ambassador in India dwelt at length on issues that exercise the minds of Japanese investors when they consider investment proposals in India.

Raising the question "What comparative advantages does India offer as an investment market?", he said though labour in India is inexpensive, wage levels are offset by productivity level to a large extent.

Acknowledging that the vastness of the Indian market is a great inducement for investment in manufacturing industry, he wondered if it was justifiable to provide that overseas remittance of profit in foreign exchange be fully covered by exchange earnings as had been done. Significantly, on the eve of the Prime Minister's visit to Japan, the government delinked profits repatriation from exports, meeting this demand.

The Ambassador said foreign investors needed to be assured of the continuity and consistency of the liberalisation policy and the fact that new measures had been put into force by means of administrative notifications without amending government laws acted as a damper.

The Ambassador pleaded for speedy formulation of the exit policy and pointed to the highly restrictive control by the government on disinvestment by foreign partners in joint ventures in India.

While it is all too easy to dismiss critical comment on conditions in India contemptuously, there can be little doubt that if foreign investment is to be wooed assiduously, we will have to meet exacting international standards and cater at least partially to what we may consider the idiosyncrasies of our foreign collaborators. The Japanese too have passed through a stage in the fifties when their products were derided as sub-standard and shoddy. That they have come out of that ordeal of fire to emerge as an economic superpower speaks as much of their doggedness to pursue goals against all odds as of their ability to improvise and adapt to internationally acceptable standards.

There is no gainsaying that the past record of Japanese investment is a poor benchmark for future expectations.

Q-6)   Which of the following statement(s) is/are true about the critical comments on investment conditions in India?
  1. These comments are difficult to be countered.
  2. These comments are received from various international quarters.
  3. These comments are based more on biases than on facts.

(a)

(b)

(c)

(d)

(e)

Explanation:

The passage reflects the views of the Japanese ambassador who also talks about the problems faced by foreign investors in India.


DIRECTIONS:

Read the following passage carefully and answer the questions given below it. Certain words in the passage are printed in bold to help you to locate them easily while answering some of the questions.

PASSAGE

John Maynard Keynes, the trendiest dead economist of this apocalyptic moment was the godfather of government stimulus. Keynes had the radical idea that throwing money at recessions through aggressive deficit spending would resuscitate flat-lined economies and he wasn't too particular about where the money was thrown. In the depths of the Depression, he suggested that the Treasury could fill old bottles with banknotes, bury them at suitable depths in disused coal mines then sit back and watch a money mining boom create jobs and it above would be better Barrack Obama throw money at the cur item a stimulus package it about $800 billion, plus the 350 billion chunk of the bailout we all really do see may Nissans now.

Just about expert agrees that pumping $ 1 into a moribund economy will p the ethereal goods and services re that Keynes called aggregate and stimulate at least some rattan activity, even if it is all tendon money pits. But Keynes was right that there would be more able ways to spend it. A trillion it's worth of bad ideas sprawl rig highways and bridges to no e, ethanol plants and pipelines accelerate global warming, tax for overleveraged McMahsidrters and burdensome new long federal entitlements would be than mere waste.

It would beer to buy every American an iPod,) Ginsu knives and 600 Subv$yngs would be smarter still to the money at things we need to which .is the goal of Obartias sing Arnericah Recovery and Recent Plan. It will include a mix of cuts, aid to beleaguered state a governments and spending rest needs ranging from food to computerized health records repairs to broadband net D energy efficiency retrofits, all d to save or create 3 million to in jobs by the end of 2010. has said speed is his top cause the faster Washington ash into the financial blood the better it stands to help multiyear slump with double employment and deflation. But v ants to use the stimulus to his long-term priorities reduce the use and carbon emissions, middle-class taxes, upgrading infrastructure, reining in e costs and eventually reduced get deficits that exploded large W. Bush. Obamas goal this crisis in the best sensed, to start pursuing his veneer, fairer, more compete sustainable economy was a megaton has demonstrated an impressive ability to spend money quickly, it has yet to prove that it can spend money wisely.

And the chum of a 1 with 12 zeros is already creating a feeding frenzy, for the ages. Lobbyists for shoe companies, zoos, catfish fanners, mall owners, airlines, public broadcasters, car dealers and everyone else who can afford their retainers are lining up for a piece of the stimulus. States that embarked on raucous spending and tax-cutting sprees when they were flush are begging for bailouts now that they're broke. And politicians are dusting off their unfunded mobster museums, watersides and other pet projects for rebranding as shovel ready infrastructure investments. As Obamas aides scramble to assemble something effective and transformative as well as politically achievable, they acknowledge the ten between his desires for speed and reform.

Q-7)   How does the author foresee the future globalization as an analogy to Henry Ford's example?
  1. Car companies would start selling cars in developing countries as well.
  2. By paying the developing world the developed world would increase its own profit, in turn bringing affluence to the developing world as well.
  3. To earn a profit, companies in developing countries would move to a foreign land.

(a)

(b)

(c)

(d)

(e)

Explanation:


DIRECTIONS:

Read the following passage carefully and answer the questions given below it. Certain words in the passage are printed in bold to help you to locate them easily while answering some of the questions.

PASSAGE

John Maynard Keynes, the trendiest dead economist of this apocalyptic moment was the godfather of government stimulus. Keynes had the radical idea that throwing money at recessions through aggressive deficit spending would resuscitate flat-lined economies and he wasn't too particular about where the money was thrown. In the depths of the Depression, he suggested that the Treasury could fill old bottles with banknotes, bury them at suitable depths in disused coal mines then sit back and watch a money mining boom create jobs and it above would be better Barrack Obama throw money at the cur item a stimulus package it about $800 billion, plus the 350 billion chunk of the bailout we all really do see may Nissans now.

Just about expert agrees that pumping $ 1 into a moribund economy will p the ethereal goods and services re that Keynes called aggregate and stimulate at least some rattan activity, even if it is all tendon money pits. But Keynes was right that there would be more able ways to spend it. A trillion it's worth of bad ideas sprawl rig highways and bridges to no e, ethanol plants and pipelines accelerate global warming, tax for overleveraged McMahsidrters and burdensome new long federal entitlements would be than mere waste.

It would beer to buy every American an iPod,) Ginsu knives and 600 Subv$yngs would be smarter still to the money at things we need to which .is the goal of Obartias sing Arnericah Recovery and Recent Plan. It will include a mix of cuts, aid to beleaguered state a governments and spending rest needs ranging from food to computerized health records repairs to broadband net D energy efficiency retrofits, all d to save or create 3 million to in jobs by the end of 2010. has said speed is his top cause the faster Washington ash into the financial blood the better it stands to help multiyear slump with double employment and deflation. But v ants to use the stimulus to his long-term priorities reduce the use and carbon emissions, middle-class taxes, upgrading infrastructure, reining in e costs and eventually reduced get deficits that exploded large W. Bush. Obamas goal this crisis in the best sensed, to start pursuing his veneer, fairer, more compete sustainable economy was a megaton has demonstrated an impressive ability to spend money quickly, it has yet to prove that it can spend money wisely.

And the chum of a 1 with 12 zeros is already creating a feeding frenzy, for the ages. Lobbyists for shoe companies, zoos, catfish fanners, mall owners, airlines, public broadcasters, car dealers and everyone else who can afford their retainers are lining up for a piece of the stimulus. States that embarked on raucous spending and tax-cutting sprees when they were flush are begging for bailouts now that they're broke. And politicians are dusting off their unfunded mobster museums, watersides and other pet projects for rebranding as shovel ready infrastructure investments. As Obamas aides scramble to assemble something effective and transformative as well as politically achievable, they acknowledge the ten between his desires for speed and reform.

Q-8)   According to the passage, which of the following was NOT an effect of providing loans and credits to the customers?
  1. The non-credit worthy people defaulted.
  2. People bought new products which were not needed.
  3. Poverty became non-existent.

(a)

(b)

(c)

(d)

(e)

Explanation:


DIRECTIONS:

Read the following passage carefully and answer the questions given below. Certain words/phrases are printed in bold to help you to locate them while answering some of the questions.

PASSAGE

We have inherited the tradition of secrecy about the budget from Britain where also the system has been strongly attacked by eminent economists and political scientists including Peter Jay. Sir Richard Clarke, who was the originating genius of nearly every important development in the British budgeting techniques during the last two decades, has spoken out about the abuse of budget secrecy: "The problems of long-term tax policy should surely be debated openly with the facts on the table. In my opinion, all governments should have just the same duty to publish their expenditure policy. Indeed, this obligation to publish taxation policy is really essential for the control of public expenditure in order to get realistic taxation implications." Realising that democracy flourishes best on the principles of open government, more and more democracies are having an open public debate on budget proposals before introducing the appropriate Bill in the legislature. In the United States the budget is conveyed in a message by the President to the Congress, which comes well in advance of the date when the Bill is introduced in the Congress. In Finland the Parliament and the people are already discussing in June the tentative budget proposals which are to be introduced in the Finnish Parliament in September. Every budget contains a cartload of figures in black and white - but the dark figures represent the myriad lights and shades of India's life, the contrasting tones of poverty and wealth, and of bread so dear and flesh and blood so cheap, the deep tints of adventure and enterprise and man's ageless struggle for a brighter morning. The Union budget should not be an annual scourge but a part of presentation of annual accounts of a partnership between the Government and the people. That partnership would work much better when the nonsensical secrecy is replaced by openness and public consultations, resulting in fair laws and the people's acceptance of their moral duty to pay.

Q-9)   Choose the word which is most nearly the SAME in meaning to the word printed in capital as used in the passage.

MYRIAD

(a)

(b)

(c)

(d)


DIRECTIONS:

Read the following passage carefully and answer the questions given below. Certain words/phrases are printed in bold to help you to locate them while answering some of the questions.

PASSAGE

We have inherited the tradition of secrecy about the budget from Britain where also the system has been strongly attacked by eminent economists and political scientists including Peter Jay. Sir Richard Clarke, who was the originating genius of nearly every important development in the British budgeting techniques during the last two decades, has spoken out about the abuse of budget secrecy: "The problems of long-term tax policy should surely be debated openly with the facts on the table. In my opinion, all governments should have just the same duty to publish their expenditure policy. Indeed, this obligation to publish taxation policy is really essential for the control of public expenditure in order to get realistic taxation implications." Realising that democracy flourishes best on the principles of open government, more and more democracies are having an open public debate on budget proposals before introducing the appropriate Bill in the legislature. In the United States the budget is conveyed in a message by the President to the Congress, which comes well in advance of the date when the Bill is introduced in the Congress. In Finland the Parliament and the people are already discussing in June the tentative budget proposals which are to be introduced in the Finnish Parliament in September. Every budget contains a cartload of figures in black and white - but the dark figures represent the myriad lights and shades of India's life, the contrasting tones of poverty and wealth, and of bread so dear and flesh and blood so cheap, the deep tints of adventure and enterprise and man's ageless struggle for a brighter morning. The Union budget should not be an annual scourge but a part of presentation of annual accounts of a partnership between the Government and the people. That partnership would work much better when the nonsensical secrecy is replaced by openness and public consultations, resulting in fair laws and the people's acceptance of their moral duty to pay.

Q-10)   The secrecy of the budget is maintained by all of the following countries except:
  1. Finland
  2. India
  3. United States

(a)

(b)

(c)

(d)

Explanation: