The Institute of Banking Personnel Selection (IBPS) conducted the 2nd Common Written Examination (CWE- PO/ MT- II) for recruitment of Probationary Officers/ Management Trainees post in 19 public sector banks tentatively on 17 June 2012. The IBPS Written test (Objective type) for PO Recruitment consisted of the following tests-
Reasoning: 50 marks (50 questions)
English Language: 25 marks (50 questions)
Quantitative Aptitude: 50 marks (50 questions)
General Awareness: 50 marks (50 questions)
Computer Knowledge: 50 marks (50 questions)
English Composition (Descriptive Paper): 25 marks (50 questions)
Jagranjosh.com provides here the solved questions from the respective segments for the benefit of the aspirants preparing for Bank PO/Clerk/SO/MT recruitment exams. The question paper will help in the practice and thereby further the preparation procedure of the students
Q.201-215 Read the following passage carefully and answer the questions given below it. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions.
When times are hard, doomsayers are aplenty. The problem is that if you listen to them too careful!y, you tend to overlook the most obvious signs of change. 2011 was a bad year. Can 2012 be any worse? Doomsday, forecasts are the easiest to make these days. So let's try a contrarian's forecast instead.
Let's start with the global economy. We have seen a steady flow of good news from the US. The employment situation seems to be improving rapidly and consumer sentiment, reflected in retail expenditures on discretionary items like electronics and clothes, has picked up. If these trends sustain, the US might post better growth numbers for 2012 than the 1.5-1.8 per cent being forecast currently.
Japan is likely to pull out of a recession in 2012 as post-earthquake reconstruction efforts gather momentum and the fiscal stimulus announced in 2011 begins to payoff. The consensus estimate for growth in Japan is a respectable 2 per cent for 2012.
The "hard-landing" scenario for China remains and will remain a myth. Growth might decelerate further from the 9 per cent that it expected to clock in 2011 but is unlikely to drop below 8-8.5 per cent in 2012.
Europe is certainly in a spot of trouble. It is perhaps already in recession and for 2012 it is likely to post mildly negative growth. The risk of implosion has dwindled over the last few months - peripheral economies like Greece, Italy and Spain have new governments in place and have made progress towards genuine economic reform.
Even with some of these positive factors in place, we have to accept the fact that global growth in 2012 will be tepid. But there is a flips ide to this. Softer growth means lower demand for commodities and this is likely to drive a correction in commodity prices. Lower commodity inflation will enable emerging market central banks to reverse their monetary stance. China, for instance, has already reversed its stance and has pared its reserve ratio twice. The RBI also seems poised for a reversal in its rate cycle as headline inflation seems well on its way to its target of 7 per cent for March 2012.
That said, oil might be an exception to the general trend in commodities. Rising geopolitical tensions, particularly the continuing face-off between Iran and the US, might lead to a spurt in prices. It might make sense for our oil companies to hedge this risk instead of buying oil in the spot market.
As inflation fears abate and emerging market central banks begin to cut rates, two things could happen. Lower commodity inflation would mean lower interest rates and better credit availability. Thiscouid set a floor to growth and slowly reverse the business cycle within these economies. Second, as the fear of untamed, runaway inflation in these economies abates, the global investor's comfort levels with their markets will increase.
Which of the emerging markets will outperform and who will get left behind? In an environment in which global growth is likely to be weak, economies like India thai have a powerful domestic consumption dynamic should lead; those dependent on exports should, prima facie, fall behind. Specifically for India, a fall in the exchange rate could not have come at a better time. It will help Indian exporters gain market share even if global trade remains depressed. More importantly, it could lead to massive import substitution that favours domestic producers.
Let's now focus on India and start with a caveat. It is important not to confuse a short-run cyclical dip with a permanent de-rating of its lonq-terrn structural potential. The arithmetic is simple. Our growth rate can be in the range of 7-10 per cent depending on policy action. Ten per cent if we get every1hing right, 7 per cent if we get it all wrong. Which policies and reforms are critical to taking us to our 10 per cent potential ? In judging this, let's again be careful. Let's not go by the laundry list of reforms that Fils like to wave: increase in foreign equity limits in foreign shareholding, greater voting rights for institutional shareholders in banks, FDI in retail, etc. These can have an impact only at the margin. We need not bend over backwards to appease the Fils through these reforms - they will invest in our markets when momentum picks up and will be the first to exit when the momentum flags, reforms or not.
The refonns that we need are the ones that can actually raise 00;' sustainable long-term growth rate. These have to come in areas like better targeting of subsidies, making projects in infrastructure viable so that they draw capital, raisihgthe productivity of agriculture. improving healthcare and education, bringing the parallel economy under the tax net, implementing fundamental reforms in taxation like GST and the direct tax code and finally easing the myriad rules and regulations that make doing business in India such a nightmare. A number of these things do not require new legislation and can be done through executive order.
Q.201 Which of the following is NOT TRUE according to the passage?
(1) China's economic growth may decline in the year 2012 as compared to the year 2011
(2) The European economy is not doing very well
(3) Greece is on the verge of bringing about economic reforms
(4) In the year 2012, Japan may post a positive growth and thus pull out of recession
(5) All are true
Q.202 Which of the following will possibly be a fflSUIt of sotter growth estimated for the year 2012 ?
(A) Prices of oil will not increase.
(B) Credit availability would be lesser.
(C) Commodity inflation would be lesser.
(1) Only (B)
(2) Only (A) and (B)
(3) Only (A) and (C)
(4) Only (C)
(5) All (A), (B) and (C)
Q.203 Which of the following can be said about the present status of the US economy?
(1) There is not much improvement in the economic scenario 01 the country from the year 2011
(2) The growth in the economy of the country. in the year 2012, would definitely be lesser than 1.8 percent
(3) The expenditure on clothes and electronic commodities, by consumers. is lesser than that in the year 2011
(4) There is a chance that in 2012 the economy would do better than what has been forecast
(5) The pace of change in the employment scenario of the country is very slow.
Q.204 Which of the following is possibly the most appropriate title for the passage?
(1) The Economic Disorder
(2) Indian Economy Versus The European Economy
(3) Global Trade
(4) The Current Economic Scenario
(5) Characteristics Of The Indian Economy
Q.205 According to the author, which of the following would characterise Indian growth scenario in 2012 ?
(A) Domestic producers will take a hit because of depressed global trade scenario.
(B) On account of its high domestic consumption, India will lead.
(C) Indian exporters will have a hard time in gaining market share, '
(1) Only (B)
(2) Only (A) and (B)
(3) Only (B) and (C)
(4) Only (A)
(5) All (A), (B) and (C)
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