reading comprehension Practice Questions Answers Test with Solutions & More Shortcuts
reading comprehension PRACTICE TEST [13 - EXERCISES]
reading comprehension section 1
reading comprehension section 2
reading comprehension section 3
reading comprehension section 4
reading comprehension section 5
reading comprehension section 6
reading comprehension section 7
reading comprehension section 8
reading comprehension section 9
reading comprehension section 10
reading comprehension section 11
reading comprehension section 12
reading comprehension section 13
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.
Question : 31
Why is the recession the beginning of good news for India in the author's view?
- India can provide an attractive market to western companies.
- India has remained largely unaffected by recession owing to its huge population.
- Indians keep purchasing products despite owning equally good products
a) OnlyB
b) OnlyB andC
c) Only C
d) OnlyA
e) None of these
Answer »Answer: (d)
Question : 32
What does the author mean by Dustbinisation of the customer?
a) Denying the non creditworthy people of any loans.
b) Moving from old customers at the home market to foreign markets.
c) Convincing the customer to buy products he does not need.
d) Denying more loans to people who have already taken loans to a logical limit.
e) None of these
Answer »Answer: (c)
Question : 33
Why according to the author is the current recession great for Planet Earth?
- It will make people no materialistic like the Japanese.
- The unlimited market growth which caused hazards to the environment would be checked to a certain extent.
- Banks will now provide loans only to creditworthy people.
- Developing countries will also be benefited from shifted markets.
a) Only B and D
b) Only B
c) Only A
d) Only A and B
e) None of these
Answer »Answer: (a)
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.
Question : 34
How do the British economists and political scientists react to budget secrecy? They are:
a) advocates of not disclosing in advance the budget contents.
b) very critical about maintenance of budget secrecy
c) indifferent to the budgeting techniques and taxation policies
d) in favour of having a mix of secrecy and openness
Answer »Answer: (b)
Eminent British economists and political scientists have strongly attacked the tradition of budget secrecy.
Question : 35
The author thinks that openness in budget is essential as it leads to:
a) None of these
b) exaggerated revelation of the strengths and weaknesses of economy
c) people’s reluctance to accept their moral duties
d) prevention of tax implications
Answer »Answer: (a)
It leads to the control of public expenditure in order to set realistic taxation implications.
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