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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.
The following question based on reading comprehension topic of general english mcq
ASSIDUOUSLY
(a) feebly
(b) deliberately
(c) hastily
(d) persistently
e) innocently
The correct answers to the above question in:
Answer: (b)
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.
Discuss Form
Read more reading comprehension Based General English Questions and Answers
Question : 1
Choose the word which is most nearly the SAME in meaning to the word printed in capital as used in the passage.
IDIOSYNCRASIES
a) deviations
b) ideologies
c) needs
d) demands
e) identity
Answer »Answer: (b)
The meaning of the word ‘idiosyncrasy’ is ‘a person’s particular way of thinking, behaving etc that is clearly different from that of others’. Hence the words ‘idiosyncrasies’ and ‘ideologies’ are synonymous.
Question : 2
Choose the word which is most nearly the SAME in meaning to the word printed in capital as used in the passage.
SHODDY
a) cheap
b) disadvantageous
c) shabby
d) extraordinary
e) unprofitable
Answer »Answer: (a)
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.
Question : 3
Choose the word which is most OPPOSITE in meaning of the word printed in capital as used in the passage.
INDUCEMENT
a) breach
b) temptation
c) motive
d) incentive
e) impediment
Answer »Answer: (e)
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.
Question : 4
Which of the following statement(s) is/are true about the critical comments on investment conditions in India?
- These comments are difficult to be countered.
- These comments are received from various international quarters.
- These comments are based more on biases than on facts.
a) Only A
b) A and B only
c) Only B
d) Only C
e) A and C only
Answer »Answer: (c)
The passage reflects the views of the Japanese ambassador who also talks about the problems faced by foreign investors in India.
Question : 5
The author attributes Japan’s emergence as an economic superpower to
- its ability to overcome any ordeal.
- their tenacity and perseverance despite unfavourable circumstances.
- their ability to improvise and adapt to globally acceptable quality levels.
a) A and C only
b) All the three
c) B and C only
d) A and B only
e) None of these
Answer »Answer: (b)
Question : 6
From the passage it can be inferred that the author is
a) a Japanese investor.
b) an Indian investor.
c) a secretary of the Japanese Ambassador.
d) a political commentator.
e) None of these
Answer »Answer: (d)
The author is a political commentator because he talks about the government policy and makes various proposals regarding foreign investment in India.
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