Dear Readers, Bank Exam Race for the Year 2018 is already started, To enrich your preparation here we have providing new series of Practice Questions on English language – Section. Candidates those who are preparing for IBPS PO Mains 2018 Exams can practice these questions daily and make your preparation effective.
[WpProQuiz 4029]
Direction (1-5): Five sentences denoted by A, B, C,D and E have been given. Identify the odd sentence and arrange rest of the four sentences in such a way that they make a meaningful paragraph.
1)
(A) Holding all other factors constant, an increase in the price of a good or service will decrease demand, and vice versa.
(B) If suppliers charge too much, demand drops and suppliers do not sell enough product to earn sufficient profits.
(C) Demand is an economic principle referring to a consumer’s desire and willingness to pay a price for a specific good or service.
(D) The demand for a product that is not associated with the demand of other products is known as autonomous or direct demand.
(E) Demand is closely related to supply and it is also true that consumers try to pay the lowest prices they can for goods and services, suppliers try to maximize profits.
a) BEAC
b) ADEC
c) CAEB
d) EBDA
e) ADBC
2)
(A) The economist Marshall, substituted the word ‘waiting’ for abstinence.
(B) He was the first economist to point-out that saving, involves a sacrifice, an ‘abstinence’ and According to him, “Capital or fund is the result of Saving”.
(C) Hence, in order to induce people to save, we must offer them some inducement as compensation for their sacrifice and interest on capital is therefore the compensation for abstinence.
(D) The “Abstinence or Waiting Theory of Interest” was expounded in 18th century by an eminent economist N. W. Senior.
(E) People may spend the whole of their income in consuming present goods, but when they save they ‘abstain’ from present consumption.
a) BEAC
b) ADEC
c) CEAD
d) EBDA
e) DBEC
3)
(A) The residential status of a taxpayer is determined on the basis of tenure of his stay in India during the Financial Year.
(B) Tax is levied on total income of assessee and under the provisions of Income Tax Act, 1961 the total income of each person for the assessment of income tax is based upon his Residential Status.
(C) The residential status of the assessee may change from year to year.
(D) The residential status under Income Tax plays a vital role for considering taxation of certain incomes and it has nothing to do with nationality of a person.
(E) Section 6 of the Act divides the assessable persons into three categories and these are Ordinary Resident, Resident but Not Ordinarily Resident and Non-Resident.
a) BEAC
b) ADEC
c) CEAD
d) BDAE
e) ADBC
4)
(A) In context of India,till present,most of the investment is coming in FII compare to FDI.
(B) FDI is an investment that a parent company makes in a foreign country.
(C) When a foreign individual or institution do invest in our physical properties, like electricity,drinking water,road,factory etc then this type of investment is known as Foreign Direct Investment (FDI).
(D) Govt is trying and raising some important steps so that,investors come in India and do invest more in FDI because it is more stable in compare to FII.
(E) And other side when a foreign individual or institution do invest in our banking,insurance,pension,share market etc then this type of investment is called Foreign Institutional Investor(FII).
a) BEAC
b) ADEC
c) CEAD
d) EBDA
e) ADBC
5)
(A) Dena Bank is the smallest in the pack with a total business size of Rs 1.73 lakh crore as at June end compared with Bank of Baroda’s Rs 10.3 lakh crore and Vijaya Bank’s Rs 2.8 lakh crore.
(B) The Mumbai-based lender is the first among the three to receive the board’s approval for the merger proposal.
(C) While announcing the merger last week, financial services secretary Rajiv Kumar had said the merged entity would have better financial strength.
(D) In a notification to the exchanges, the lender said the consolidation would enable the creation of a bank with a business scale comparable with global banks and capable of competing effectively in India and globally.
(E) The board of Dena Bank on Monday cleared the merger proposal with Bank of Baroda and Vijaya Bank that was proposed by the government last week.
a) BEAC
b) ADEC
c) CEAD
d) EBDA
e) ADBC
Direction (6-10): Five sentences denoted by A, B, C,D and E have been given. Identify the odd sentence and arrange rest of the four sentences in such a way that they make a meaningful paragraph.
6)
(A) Demand for a country’s currency comes from its export of goods and services and foreign investment in the country.
(B) The value of currency fluctuates throughout the trading day.
(C) Currencies are bought and sold, just like other commodities, in markets called foreign exchange markets.
(D) Supply for a country’s currency comes from its imports of goods and services and its investments in other countries.
(E) Like the price of any commodity, currency price is also determined by demand and supply of that currency in the international market.
a) BEAC
b) ADEC
c) DBEA
d) CEAD
e) ADBC
7)
(A) This constitutional body is mandated to keep a watch on the system of governance in the country to ensure the best use to taxpayer’s money.
(B) The two-day conference was organised by the Comptroller and Auditor General of India.
(C) Finance Minister Arun Jaitley addressed the officers on the second day of the conference.
(D) The Comptroller and Auditor General is an authority established by Article 148 of the Indian Constitution.
(E) The 29th Accountants General conference was inaugurated by President Ram Nath Kovind in New Delhi on October 10, 2018.
a) BEAC
b) ADEC
c) DBEA
d) EBDA
e) ADBC
8)
(A) Some corporations issue preferred stock in addition to its common stock.
(B) Stocks are the financial asset, normally issued by the companies to raise capital from the general public.
(C) The stocks are divided into two categories equity stock and preference stock and at the time of winding up of the company, the company discharges all of its dues first and after that, the stockholders are paid off with the residual amount.
(D) When a company offers stock, for sale, it sells the portion of its ownership for cash.
(E) Therefore, it represents the ownership of the holder in the company, determined by the proportion of stock held by him and they are traded on a stock exchange.
a) BEAC
b) ADEC
c) BDEC
d) EBDA
e) ADBC
9)
(A) In 2015, Sikkim was announced as the first organic state in the world with more than 66,000 farming families practicing organic farming state-wide.
(B) This achievement has made it world’s first totally organic agriculture State.
(C) In 2003, Sikkim stopped imports of chemical fertilizers in the State.
(D) Sikkim has become the pioneer in organic farming.
(E) UNFAO has shortlisted Sikkim for the UN Food and Agriculture Organisation’s (FAO) Future Policy Award.
a) BEAC
b) ADEC
c) DBEA
d) EBDA
e) ADBC
10)
(A) This merger will help achieve the twin objectives of enhancing aspirational value of vocational education, and increasing skilled manpower which will directly support the Prime Minister’s agenda of making India the skill capital of the world.
(B) Once formed, the NCVET will regulate the functioning of entities engaged in vocational education and training, both long-term and short-term.
(C) The Union Cabinet, chaired by the Prime Minister Narendra Modi, on October 10, 2018 approved the merger of the National Council for Vocational Training (NCVT) and the National Skill Development Agency (NSDA) to establish the National Council for Vocational Education and Training (NCVET).
(D) The NCVET’s main objective will be to improve standards of skill in the country.
(E) The Council will be headed by a Chairperson and will have Executive and Non-Executive Members.
a) BEAC
b) ADEC
c) DBEA
d) EBDA
e) CBDA
Answers:
1) Answer: c)
(C) Demand is an economic principle referring to a consumer’s desire and willingness to pay a price for a specific good or service.
(A) Holding all other factors constant, an increase in the price of a good or service will decrease demand, and vice versa.
(E) Demand is closely related to supply and it is also true that consumers try to pay the lowest prices they can for goods and services, suppliers try to maximize profits.
(B) If suppliers charge too much, demand drops and suppliers do not sell enough product to earn sufficient profits.
(D) The demand for a product that is not associated with the demand of other products is known as autonomous or direct demand.
This passage is about the concept of “demand of a product”. According to the passage, consumer’s willingness to pay price for a product in known as demand which is the principle of economics. If all factors which influence the demand remain constant then an increase in the price of product will decrease its demand and decrease in the price of product will increase its demand. Demand of the product is closely related to supply of the product and consumers try to pay lowest price for the product and suppliers try to sell the product at higest price. If the sellers charge too much price for the product,demand of the product falls.
2) Answer: e)
(D) The “Abstinence or Waiting Theory of Interest” was expounded in 18th century by an eminent economist N. W. Senior.
(B) He was the first economist to point-out that saving, involves a sacrifice, an ‘abstinence’ and According to him, “Capital or fund is the result of Saving”.
(E) People may spend the whole of their income in consuming present goods, but when they save they ‘abstain’ from present consumption.
(C) Hence, in order to induce people to save, we must offer them some inducement as compensation for their sacrifice and interest on capital is therefore the compensation for abstinence.
(A) The economist Marshall, substituted the word ‘waiting’ for abstinence.
This passage is about the “Abstinence or Waiting Theory of Interest”. According to the passage, Abstinence or Waiting Theory of Interest was developed in 18th century by economist N. W. Senior. He was the first economist who indicated that saving, involves a sacrifice and Capital or fund is the result of saving. According to him, when people save, then they ‘abstain’ from present consumption. In order to encourage people to save, some inducement should be given as compensation and it can be said that interest on saved capital or fund is that compensation.
3) Answer: d)
(B) Tax is levied on total income of assessee and under the provisions of Income Tax Act, 1961 the total income of each person for the assessment of income tax is based upon his Residential Status.
(D) The residential status under Income Tax plays a vital role for considering taxation of certain incomes and it has nothing to do with nationality of a person.
(A) The residential status of a taxpayer is determined on the basis of tenure of his stay in India during the Financial Year.
(E) Section 6 of the Act divides the assessable persons into three categories and these are Ordinary Resident, Resident but Not Ordinarily Resident and Non-Resident.
(C) The residential status of the assessee may change from year to year.
This passage is about residential status of taxpayer. According to the passage, Income Tax Act 1961 says that the tax is imposed on the total income of a person and total taxable income is based on his residential status. The concept of residential status plays an important role in determining the taxable amount of certain incomes and residential status is not related to the citizenship of a person. On the basis of the tenure of stay of taxpayer in the country, his residential status is determined. Ordinary Resident, Resident but Not Ordinarily Resident and Non-Resident are the categories into which taxpayers have been divided under section 6 of the ACT.
4) Answer: c)
(C) When a foreign individual or institution do invest in our physical properties, like,electricity,drinking water,road,factory etc then this type of investment is known as Foreign Direct Investment (FDI).
(E) And other side when a foreign individual or institution do invest in our banking,insurance,pension,share market etc then this type of investment is called Foreign Institutional Investor(FII).
(A) In context of India,till present,most of the investment is coming in FII compare to FDI.
(D) Govt is trying and raising some important steps so that,investors come in India and do invest more in FDI because it is more stable in compare to FII.
(B) FDI is an investment that a parent company makes in a foreign country.
This passage is about the FDI and FII. According to the passage, when investment is made by any foreign institution or individual in physical property of the country it is called FDI and when investment is made in insurance,pension,share market etc by any foreign institution or individual then it is known as FII. In India, FII offers are coming more than FDI offers but government is trying to promote FDI because it is more stable than FII.
5) Answer: d)
(E) The board of Dena Bank on Monday cleared the merger proposal with Bank of Baroda and Vijaya Bank that was proposed by the government last week.
(B) The Mumbai-based lender is the first among the three to receive the board’s approval for the merger proposal.
(D) In a notification to the exchanges, the lender said the consolidation would enable the creation of a bank with a business scale comparable with global banks and capable of competing effectively in India and globally.
(A) Dena Bank is the smallest in the pack with a total business size of Rs 1.73 lakh crore as at June end compared with Bank of Baroda’s Rs 10.3 lakh crore and Vijaya Bank’s Rs 2.8 lakh crore.
(C) While announcing the merger last week, financial services secretary Rajiv Kumar had said the merged entity would have better financial strength.
This passage is about the merger of Dena bank with Vijaya Bank and Bank of Baroda. According to the passage, the board of Dena bank has approved its merger which was proposed by the government, with Bank of Baroda and Vijaya Bank. Among the three, Dena bank is the first who has received its board approval for merger. The bank said in a statement that the merger will create bank with a business scale comparable with global banks. On the basis of business size, Dena bank is the smallest in three banks.
6) Answer: d)
(C) Currencies are bought and sold, just like other commodities, in markets called foreign exchange markets.
(E) Like the price of any commodity, currency price is also determined by demand and supply of that currency in the international market.
(A) Demand for a country’s currency comes from its export of goods and services and foreign investment in the country.
(D) Supply for a country’s currency comes from its imports of goods and services and its investments in other countries.
(B) The value of currency fluctuates throughout the trading day.
This passage is about the currency and its value. According to the passage, like any commodity, the currencies are also bought and sold in the foreign exchange market. The price of the currency is determined by its demand and supply in the international market. The demand of the country’s currency depends on its export and supply of currency depends on its imports.
7) Answer: d)
(E) The 29th Accountants General conference was inaugurated by President Ram Nath Kovind in New Delhi on October 10, 2018.
(B) The two-day conference was organised by the Comptroller and Auditor General of India.
(D) The Comptroller and Auditor General is an authority established by Article 148 of the Indian Constitution.
(A) This constitutional body is mandated to keep a watch on the system of governance in the country to ensure the best use to taxpayer’s money.
(C) Finance Minister Arun Jaitley addressed the officers on the second day of the conference.
This passage is about the Accountants General conference. According to the passage, in New Delhi, President Ram Nath Kovind inaugurated 29th Accountants General conference. The conference was organized by Comptroller and Auditor General of India which has been established as an authority under Article 148 of the Indian Constitution. This authority has been instructed to observe the system of control in the country for the optimum utilization of taxpayers’ money.
8) Answer: c)
(B) Stocks are the financial asset, normally issued by the companies to raise capital from the general public.
(D) When a company offers stock, for sale, it sells the portion of its ownership for cash.
(E) Therefore, it represents the ownership of the holder in the company, determined by the proportion of stock held by him and they are traded on a stock exchange.
(C) The stocks are divided into two categories equity stock and preference stock and at the time of winding up of the company, the company discharges all of its dues first and after that, the stockholders are paid off with the residual amount.
(A) Some corporations issue preferred stock in addition to its common stock.
This passage is about the shares or stocks. According to the passage, company issues the financial assets like shares or stocks for raising the capital from the public. By offering shares for sale, company sells the portion of its ownership for cash. The ownership of shareholder is determined by the proportion of stocks held by him. At the event of the winding up of the company, it first pays its dues and after that shareholders are paid with remaining amount.
9) Answer: c)
(D) Sikkim has become the pioneer in organic farming.
(B) This achievement has made it world’s first totally organic agriculture State.
(E) UNFAO has shortlisted Sikkim for the UN Food and Agriculture Organisation’s (FAO) Future Policy Award.
(A) In 2015, Sikkim was announced as the first organic state in the world with more than 66,000 farming families practicing organic farming state-wide.
(C) In 2003, Sikkim stopped imports of chemical fertilizers in the State.
This passage is about Sikkim’s organic farming. According to the passage, Sikkim has become first state which initiated the organic farming and due to this achievement it has become now world’s first totally organic agriculture State. Sikkim has been nominated for future policy award of UN Food and Agriculture Organisation. In 2015 it was declared as first organic state in the world where 66,000 farming families were practicing the organic farming.
10) Answer: e)
(C) The Union Cabinet, chaired by the Prime Minister Narendra Modi, on October 10, 2018 approved the merger of the National Council for Vocational Training (NCVT) and the National Skill Development Agency (NSDA) to establish the National Council for Vocational Education and Training (NCVET).
(B) Once formed, the NCVET will regulate the functioning of entities engaged in vocational education and training, both long-term and short-term.
(D) The NCVET’s main objective will be to improve standards of skill in the country.
(A) This merger will help achieve the twin objectives of enhancing aspirational value of vocational education, and increasing skilled manpower which will directly support the Prime Minister’s agenda of making India the skill capital of the world.
(E) The Council will be headed by a Chairperson and will have Executive and Non-Executive Members.
This passage is about the establishment of NCVET. According to the passage, on 10th October’18, PM approved the merger of NCVT and NSDA in order to establish NCVET. Now the entities which are engaged in the vocational education will be regulated by NCVET. Improving the standards of skill in the country will be the main objective of NCVET. The twin objective will be achieved by this merger as it will improve motivational value of vocational education and will also increase the number of skilled persons.
Daily Practice Test Schedule | Good Luck
| Topic | Daily Publishing Time |
| Daily News Papers & Editorials | 8.00 AM |
| Current Affairs Quiz | 9.00 AM |
| Current Affairs Quiz (Hindi) | 9.30 AM |
| IBPS PO Mains – Reasoning | 10.00 AM |
| IBPS PO Mains – Quantitative Aptitude | 11.00 PM |
| Vocabulary (Based on The Hindu) | 12.00 PM |
| IBPS PO Mains – English Language | 1.00 PM |
| IBPS PO/Clerk – GK | 3.00 PM |
| Daily Current Affairs Updates | 5.00 PM |
| IBPS Clerk Prelims – Reasoning | 6.00 PM |
| IBPS Clerk Prelims – Reasoning (Hindi) | 6.30 PM |
| IBPS Clerk Prelims – Quantitative Aptitude | 7.00 PM |
| IBPS Clerk Prelims – Quantitative Aptitude (Hindi) | 7.30 PM |
| IBPS Clerk Prelims – English Language | 8.00 PM |
