IBPS PO PRELIMINARY EXAMINATION HELD ON OCTOBER 3, 2015
(BASED ON EXAMINEE’S MEMORY)
FULLY SOLVED WITH EXPLANATIONS.
Direction ( 1 – 5) : In the following sentences there are two blanks for which are given. Choose the most appropriate option.
1. The proposal has been ……………..and will be sent to the cabinet for final………………………….
(a) designed , process
(b) drafted , approval
(c) amend , sanction
(d) said , objection
(e) mentioned , figure
2. The fake diesel factory was being ……………….under the………….of a dairy.
(a) operated , operation
(b) captured , array
(c) functioned , alias
(d) run , garb
(e) activated , control
3. The moment the staff opened the office, unidentified ……………. …………….. weapons entered and asked the cashier to hand over the keys of the vault.
(a) miscreants , brandishing
(b) object , carrying
(c) persons , had
(d) people , associating
(e) man , lifting
4. The singer who has been very ………….about his faith in the party also …………..at the great event.
(a) vocal , performed
(b) strong , sang
(c) open , dance
(d) loud , came
(e) creative , present
5. Over the years , the town has…………………..popularity as the best ………….for paragliding and pilots from across the world visit it.
(a) acquired , spots
(b) calm , one
(c) gained, destination
(d) sought , wonder
(e) sent , place
Direction ( 6 – 10) : Read these sentences to find out whether there is any grammatical error in them. The error , if any, in them will be in one part of the sentence. Mark the part part with error as yourthere is no error,mark no error as your answer. (Ignore the errors of punctuation, if any).
6. Many citizens are gravitating /towards the nation’s/ second- largest state because it offer/ ample job opportunities.
(a) Many citizens are gravitating
(b) towards the nation’s
(c) second- largest state because it offer
(d) ample job opportunities.
(e) No error
7. Most African nations were largely/ shielded from the 2008 financial crisis/ by China’s insatiable demand/ for natural resources.
(a) Most African nations were largely
(b) shielded from the 2008 financial crisis
(c) by China’s insatiable demand
(d) for natural resources.
(e) No error
8. Skeptics worries that the devaluation / of the country’s currency is/ a desperate move to/ bail out struggling exporters.
(a) Skeptics worries that the devaluation
(b) of the country’s currency is
(c) a desperate move to
(d) bail out struggling exporters.
(e) No error
9. Consumers are constantly been /encouraged to take/ advantage of the/ lowered interest rates.
(a) Consumers are constantly been
(b) encouraged to take
(c) advantage of the
(d) lowered interest rates
(e) No error
10. Emerging economies are/dominating the news /but for/ all the wrong reasons.
(a) Emerging economies are
(b) dominating the news
(c) but for
(d) all the wrong reasons
(e) No error
Direction ( 11 – 20) : Read the following passage carefully and answer the questions given below it. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
Over the past few days alone, the China’s Central bank has pumped extra cash into the financial system and cut interest rates. The aim is to free more cash for banks to lend and provide a boost for banks seeking to improve the return on their assets. The official data though suggested that bad loans make up only 1.4% of their balance sheets. How to explain the discrepancy ? One possible answer is that bad loans arelagging indicator i.e. it is only after the economy struggled for a while that borrowers began to suffer. Looked at this way, China is trying to anticipate problems keeping its banks in good health by sustaining economic growth of nearly 7% year-on-year.
Another more worrying possibility is that bad loans are worse than official data indicate. This does not look to be the cause for China’s biggest banks, which are managed conservatively and largely focus on the country’s biggest value and qualitythere is mounting evidence that when it comes to smaller banks, especially those yet to list on the stock market, bad loans piling up. That is important because unlisted lenders account for just over a third of the Chinese banking sector, making them as big as Japan’s entire banking industry.
Although, non – performing loans have edged up slowly, the increase in special -mention loans (a category that includes those overdue but not yet classified as impaired loans) has been much bigger. Special mention loans are about 2% at most of China’s big listed banks, suggesting that such loans must be much higher at their smaller, unlisted peers. Many of these loans are simple bad debts which banks have not yet admitted to. Another troubling fact is that fifteen years ago, the government created asset management companies (often referred to as bad banks ) to take on the non-performing loans of the lenders. after the initial transfer these companies had little to pay. But, last year, Cinda, the biggest of the bad banks, bought nearly 150 billion Yuan ( $ 24 billion) of distressed assets last year, two thirds more than 2013.
These assets would have raised the banks bad-loans ratio by a few tenths of a percentage point. Although such numbers do not seem very alarming, experts who reviewed last year’s results for 158 banks of which only 20 listed found that’shadow loans’, loans recorded as investments which may be a disguise for bad loans have grown to as much as 5-7 billion Yuan, or 5% of the industry’s assets. These are heavily concentrated on the balance sheets bof smaller unlisted banks, and at the very least, all this points to a need for recapitalisation of small banks.
11. Choose the word which is most nearly the same in meaning to the word ‘ LAGGING’given in the passage.
12. Choose the word which is opposite in meaning to the word ‘ FREE’ given as used in the passage.
13. Which of the following, according to the passage, can be said about China’s large banks?
A. These are cautiously run.
B. their clients are mainly high value.
C. 2% of their loans have been classified as overdue but not impaired.
(a) Only B
(b) Only A
(c) All A, B and C
(d) A and C
(e) B and C
14. Which of the following is the central idea of the passage?
(a) Small banks should be permitted to become listed on the stock exchange.
(b) The government should do away with asset management companies.
(c) China’s financial crisis is not as serious as it is being made out to be.
(d) China’s central Bank has failed to predict and stop the decline of its banks.
(e) There is trouble brewing in China’s small unlisted banks.
15. Choose the word which is most nearly the same in meaning to the word‘POINTS’ given in the passage.
(a) Peaks (b) Moments (c) Arguments (d) Indicates (e)Plugs
16. Which of the following is true in the context of the passage?
(a) China has not implemented any resources to help its banking in recent times.
(b) Approximately 32 % of China’s banking sector is unlisted.
(c) China’s stock market has plummeted in recent times.
(d) Japan’s banking industry is experiencing a boom unlike that of China.
(e) None of the given options is true in the context of the passage.
17. What does the example of the Cinda convey ?
(a) Many of the loans given by China’s banks are in trouble.
(b) Many such large Chinese asset management companies are failing.
(c) China’s economy is overly dependent on large banks.
(d) China is the ideal destination for small banks to flourish.
(e) Such companies have become obsolete.
18. Choose the word which is opposite in meaning to the word ‘MOUNTING’ as used in the passage.
(a) Melting (b) Accumulating (c) Removing (d) Submerging (e) Decreasing
19. Which of the following best describes experts’ findings regarding shadow loans?
(a) Shadow loans have been steadily falling and are negligible at present.
(b) These are growing substantially and indicate the need for reform of small banks.
(c) Shadow loans are unfairly being passed on to asset management companies.
(d) These loans are inconsequential for the health of banks.
(e) The findings are faulty as only includes listed banks.
20. What is the author’s view regarding small banks?
(a) These have a better loan portfolio than large banks.
(b) These are a good health helping helping to sustain economic growth of 7%.
(c) These should be merged with large banks to bail them out of trouble.
(d) Regulations governing these banks should be relaxed.
(e) Other than those given as options.
Directions (21-25 ) : Rearrange the given six sentences /group of sentences A,B,C,D, E and F in a proper sequence so as to form a meaningful paragraph and then answer the given questions.
A. Global investors are quaking over the prospect of a devastating stump in the world’s second biggest economy.
B. A possible answer could be that the country’s troubles raise doubts about whether its policymakers have the tools to keep their economy growing at a healthy place something that has been a constant reassurance for more than two decades.
C.And they are fast losing confidence that the country’s policymakers, seemingly so sure-footed in the past know how to solve the problem.
D. However, such a domino effect is significant but hardly catastrophic so why the hysteria?
E. China is exporting something new to the world economy – Fear?
F. Apart from the shrinking confidence, the biggest fear is that a collapsing Chinese economy would- derail others around the world from emerging markets in Chile and Indonesia to industrial powers such as the United States.
21.Which of the following should be the SECOND sentence after rearrangement ?
22.Which of the following should be the FIRST sentence after rearrangement ?
23.Which of the following should be the SIXTH (LAST) sentence after rearrangement ?
24.Which of the following should be the FIFTH sentence after rearrangement ?
25.Which of the following should be the FOURTH sentence after rearrangement ?
Directions (26-30) : In the following passage, there are blanks,each of which has been numbered. Against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.
Primary school enrollment in India has been a success story ……….26………due to various programmes and drives to increase enrollment even in remote areas. With enrollment reaching at least 96% since 2009 and girls……27…… up 56% of new students between 2007 and 2013, it is clear that many ……..28……… of access to school have been ……29…….. improvement in infrastructure has been the ………30……. behind achieving this and now in India 98% habitations have a primary school within 1 km and 92% have an upper primary school within a 3 km walking distance.
26. (a) Mostly (b) Properly (c) Totally (d) Optionally (e) Largely
27. (a) Coming (b) reaching (c) Counting (d) making (e) touching
28. (a) issue (b) opportunities(c) problems (d) efforts (e) exertions
29. (a) accustomed (b) addressed (c) met (d) forwarded (e) dissolved
30. (a) main (b) effort (c) force (d) compulsion (e) awareness.
Question (1 – 5 ) : In this case one is to check which of the given options is not correct to be inserted in the blank.
- (a) the word designed does not suit well with proposal. Similarly process too is also not correct with the word final.
- (c) amend is in present tense for plural whereas sentence is in past tense. So this too is incorrect.
- (d) said is not used with proposal and objection is also not appropriate word here. This is also not correct.
- (e) mentioned is also not correct because from the sentence it is clear that the proposal is in written form. So this is also not fit for this.
- (b) Drafted is the most appropriate word out of the given words . approval also suits well with final. This option is correct to be inserted in the blank.
1. (a) operated seems correct here but operation is not correct with second blank space. So this option is incorrect.
2. (b) captured means detained or confines which seems not fit here So this option is not correct.
3. (c) functioned does not suit well with being. So this is also not correct.
4. (e) activated means to make active or to start which does not suit here. This option is oncorrect.
5. (d) For a factory run is the most appropriate word out of given options. garb means in the cover of. So this option is correct.
1. (b) object cannot be correct because sentence contains a word asked. Objects never speak or ask. This option is incorrect.
2. (c) person appears correct word but had does not suit well with this. So this option is incorrect.
3. (d) people appears to be correct but associating does not go well with this. this option is incorrect.
4. (e) the word man can be used here but lifted does fit with weapons So this option is incorrect.
5. (a) miscreants means criminals or scoundrels and brandishing means waving in the air These two words fit well in these blanks This is the correct option.
- (a) The word performed with singer does not fit well However vocal seems right a little but this combination of both words does not go well here.
- (c) The word dance does not go well with a singer So this option cannot be correct.
- (d) both the words loud and came do not seem appropriate in this sentence. This option is incorrect.
- (e) creative does not fit well with a singer The word present also is not correct grammatically in the sentence. So this option is also not correct.
- (b) The words strong and sang go well in the sentence and this option is correct.
1. (a) The word spots is not correct according to the words ‘the town has’ in the sentence. Spots are plural and town isis incorrect option.
2. (b) the word ‘claim’ cannot be used with the word ‘has’ in the sentence.
3. (c) The word ‘gained’ is used with popularity destination is also correct according to the sentence. This is the correct option out of given ones.
4. (d) wonder is not correct word in the sentence. Similarly sought means to ask for It is also not correct here.
5. (e) Popularity is not sent So this option cannot be correct
6. (c) The word ‘it’ is singular but verb with it used ‘offer’ is incorrect it should be ‘offers’.
7. (c) by insatiable demand is not correct here.
8. (a) worries word is not correct here.
9. (a) ‘are’ is followed by ‘been’ which is incorrect.
10. (c)It should be ‘ for the wrong reasons’. All is used here for economies not for reasons.
11. (a). The word ‘Lag’ has its dictionary meaning ‘to hold’ or ‘to delay’.
12. (d) The word ‘free’ means here ‘easy flow’ of money. Its opposite is ‘to restrict’.
13. (d) First paragraph mentions about China government’s concern about proper functioning of banks. Third paragraph describes about 2% of overdue loans that are not impaired.
14. (a). Al other Sr no.s do not suit as per the matter given in the paragraph.
15. (d) Points to in the sentence under reference means show signal towards or in other words ‘indicates’.
16. (b) statement is true according to facts given in the passage.
17. (a) This fact is stated in the paragraph.
18. (e) ‘Mounting’ means increasing and opposite to it is decreasing.
19. (b) describes position of shadow loans in the economy.
20. (a) This fact is given in the passage.
Generally while writing a paragraph two methods are used. First a statement is given and other sentences are written to support it or in favour of it or against it. Secondly some sentences are written giving some facts and a result is deduced in the last sentence.
In the given sentence, a statement is given raising some fear about developments in China’s economy and the rest of the sentences are used to elaborate it describing in its favour or against it.
In the first sentence (E) some fear is raised about China’s economy.
FIRST :China is exporting something new to the world economy – Fear?
It is further elaborated in B.
SECOND : (B) A possible answer could be that the country’s troubles raise doubts about whether its policymakers have the tools to keep their economy growing at a healthy place something that has been a constant reassurance for more than two decades.
Third and fourth sentences give details of the fact given in the aforesaid sentence.
THIRD : (A) Global investors are quaking over the prospect of a devastating stump in the world’s second biggest economy.
FOURTH : (C) And they are fast losing confidence that the country’s policymakers, seemingly so sure-footed in the past know how to solve the problem.
Next sentence describes further resultant things that are likely to happen if it happens so.
FIFTH : (F) Apart from the shrinking confidence, the biggest fear is that a collapsing Chinese economy would- derail others around the world from emerging markets in Chile and Indonesia to industrial powers such as the United States.
In the last sentence conclusion of these all is given.
SIXTH : (D) However, such a domino effect is significant but hardly catastrophic so why the hysteria?
So according to the above sequence of sentences answer will be as under :
26. (e) Out of the given words the word ‘largely’ is the most suitable to be used in the blank.
27. (b) Out of the given options the words coming, counting and making do not make any sense in the sentence.However the words ‘touching’ and ‘reaching’ make some meaning. Out of the two reaching is the appropriate word to be used her.
28. (d) Issue is a singular word so it is incorrect with many. opportunities and exertions are also not appropriate words to be used. Out of the remaining two words efforts is the appropriate word.
29. (c) with the above word ‘efforts’ accustomed forwarded and dissolved do not fit. Out of the remaining two words addressed and met, the latter is the befitting word.
30. (b) The word main should follow by some noun which is not after the blank space.Similarly awareness and compulsion also do fit here. Out of the words effort and force the former is the right word to be used here.