reading comprehension section 4 Detailed Explanation And More Example

MOST IMPORTANT general english mcq - 13 EXERCISES

Top 10,000+ General English Memory Based Exercises

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

Amartya Sen wrote about the Indian tradition of skepticism and heterodoxy of opinion that led to high levels of intellectual argument. The power sector in India is a victim of this tradition at its worst. Instead of forcefully communicating, supporting and honestly and firmly implementing policies, people just debate them. It is argued that central undertakings produce power at lower tariffs and must therefore build most of the required extra capacities. This is a delusion. They no longer have access to low-cost government funds.

Uncertainty about payment remains a reason for the hesitation of private investment. They had to sell only to SEBs (State Electricity Boards). SEB balance sheets are cleaner after the "securitisation" of the Rs 40,000 crore or so owed by SEBs to central government undertakings, now shown as debt instruments. But state governments have not implemented agreed plans to ensure repayment when due. The current annual losses of around Rs 28,000 crore make repayment highly uncertain. The central undertakings that are their main suppliers have payment security because the government will come to their help. Private enterprises do not have such assurance and are concerned about payment security, that must be resolved.

By the late 1990s, improving the SEB finances was recognised as fundamental to power reform. Unbundling SEBs, working under corporate discipline and even privatisation and not vertically integrated state enterprises, are necessary for efficient and financially viable electricity enterprises. Since government will not distance itself from managing them, privatising is an option. The Delhi model has worked. But it receives no public support.

The Electricity Act 2003, the APRDP (Accelerated Power Reform and Development Programme) with its incentives and penalties, and the creation of independent regulatory commissions, were the means to bring about reforms to improve financial viability of power sector. Implementation has been halfhearted and results disappointing. The concurrent nature of electricity in the Constitution impedes power sector improvement. States are more responsive to populist pressures than the central government, and less inclined to take drastic action against electricity thieves.

Captive power would add significantly to capacity. However, captive generation, three years after the Act enabled it, has added little to capacity because rules for open access were delayed. Redefined captive generation avoids state vetoes on purchase or sale of electricity except to state electricity enterprises. Mandating open access on state-owned wires to power regardless of ownership and customer would encourage electricity trading. The Act recognised electricity trading as a separate activity. A surcharge on transmission charges will pay for cross-subsidies. These were to be eliminated in time. Rules for open access and the quantum of surcharge by each state commission (under broad principles defined by the central commission) have yet to be announced by some. The few who have announced the surcharge have kept it so high that no trading can take place.

The following question based on reading comprehension topic of general english mcq

Questions : Choose the word which is most nearly the SAME in meaning as the word given in bold as used in the passage.

VIABILITY

(a) ability to spend

(b) capability to survive

(c) ability to meditate

(d) ability to reform

The correct answers to the above question in:

Answer: (b)

The root word of viability is viable. Viable means “capable of developping and surviving independetly”

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Read more reading comprehension Based General English Questions and Answers

Question : 1

Choose the word or group of words which is most OPPOSITE in meaning of the word printed in bold.

IMPEDE

a) promotes

b) excels

c) grows

d) interferes

Answer: (a)

Impede means “delay or stop the progress of something”.

Question : 2

Choose the word or group of words which is most OPPOSITE in meaning of the word printed in bold.

UNBUNDLING

a) winding

b) integrating

c) reorienting

d) disorganizing

Answer: (b)

Unboundling is opposite of bundling mans integrating.

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

A few weeks ago I ran into an old friend who is currently one of the mandarins deciding India's economic and financial policies. He asked, "And so, how is IIT doing?" As one can only indulge in friendly banter at such gatherings, I responded with, "Not so well actually. Your market-friendly policies have forced us to raise the fee, so we have 50% fewer PhD applicants this year. Not batting an eyelid, he shot back: "Obviously. Your PhD students don't have any market value." Taken aback, I shifted to a more serious tone and tried to start a discussion on the need for research in these globalised times. But he had already walked away. The last word on the imperatives of the 'market' had been spoken. Actually, this view of higher education should not have surprised me. Worthies who look at everything as consumer products classify higher education as a 'non-merit' good. Non-merit goods are those where only the individual benefits from acquiring them and not the society as a whole. Multilateral agencies like The World Bank have too been pushing countries like India to stop subsidies to higher education.

When Ron Brown, former US commerce secretary visited India, a public meeting was organized at IIT Delhi. At that meeting I asked him : "I understand that since the 19th century all the way up to the 1970s, most land grant and state universities in the US virtually provided free education to state citizens. Was that good for the economy, or should they have charged high fees in the early 20th century?" He replied, "It was great for the economy. It was one of the best things that the US government did at that particular time in American history - building institutions of higher education which were accessible to the masses of the people. I think it is one of the reasons why our economy grew and prospered, one of the ways in which the US was able to close some of its social gaps. So people who lived in rural areas would have the same kind of access to higher education as people living in other parts of the country. It was one of the reasons for making America strong."

Our policy-makers seem unaware that their mentors in the US did not follow policies at home which they now prescribe for other countries. Ron Brown's remarks summarise the importance of policymakers in the US place on higher education as a vehicle for upward mobility, for the poorer sectors of their population. Even today, a majority of Americans study in state-run institutions. Some of these institutions, like Berkeley and the Universities of Michigan, Illinois, Ohio, Wisconsin and Texas, are among the best in world. The annual tuition charged from state residents (about $ 5000 a year) is about a month's salary paid to a lecturer. Even this fee is waived for most students. In addition, students receive stipends for books, food and hostel charges. The basic principle is that no student who gets admission to a university should have to depend on parental support if it is not available.

Ron Brown's remarks went unnoticed in India. Every other day some luminary or the other opines that universities and technical education institutions should increase their charges and that such education should not be subsidized. Most editorials echo these sentiments. Eminent industrialists pontificate that we should run educational institutions like business houses. Visiting experts from the Bank and the IMF, in their newly emerging concern for the poor, advise us to divert funds from higher education to primary education.

Question : 3

The author of the passage seems to be a/an

a) social activist devoted to illiteracy eradication programme

b) educationist in IIT or some such educational institution

c) financial advisor to Government or a bureaucrat in finance department

d) official working in economic affairs department

e) industrialist employing highly qualified technocrats

Answer: (b)

Clear from the way he is linked with IIT.

Question : 4

Choose the word which is most nearly the SAME in meaning as the word given in bold as used in the passage.

DELUSION

a) unkind propaganda

b) false belief

c) wrong prediction

d) proper understanding

e) unrealistic optimism

Answer: (b)

Delusion means “a false belief of openion about yourself or your situation”.

Question : 5

Why were the results of the power sector reforms NOT as had been anticipated?

a) The incentives on the one hand and penalties on the other created dissatisfaction.

b) The Act and the reform measures were contradicting with each other

c) The enforcement of the reform means was inadequate and apathetic

d) The means to bring about reforms were illconceived

Answer: (a)

It is stated in the passage that the enforcement of the reforms was inadequate.

Question : 6

Which of the following was/were not considered as the instrument(s) to accomplish financial well-being of power sector?

a) States vulnerability to populist pressures

b) Setting up of independent regulatory commissions

c) The APRDP with its incentives and penalties

d) The Electricity Act 2003

Answer: (a)

Clearly, populist measures would go against financial wellbeing.

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