IBPS PO Mains Exam 2017: Cloze Test Quiz ‘Government to put more capital in PSBs to strengthen them’

Nov 23, 2017, 15:22 IST

To help banking aspirants crack their English cloze test for IBPS PO Mains exam 2017, we have created a special quiz series. Take up the test and strengthen your preparation.

IBPS PO Mains Exam 2017: Cloze Test Quiz
IBPS PO Mains Exam 2017: Cloze Test Quiz

IBPS PO Mains Exam is scheduled to be held on 26th November 2017. Here is cloze test quiz based on an article from newspaper “The Hindu”. Practice it and measure your preparation on a scale relative to your competitors.

Finance Minister Arun Jaitley today said the government has decided to inject more capital in state-owned banks to strengthen the banking system and ……1.. economic growth. Last month, the government had …2……. a staggering Rs 2.11 lakh crore two-year road map to bolster NPA-hit public sector banks, which includes recapitalisation bonds, budgetary support and equity dilution. Addressing heads of state-owned banks at ‘PSB Manthan’ here, Jaitley said the government has decided to put in more capital from the Budget, through bonds and banks’ equity expansion and “therefore, it is the country which is virtually going to pay to keep the banking system in good health”. The finance minister assured the bankers who gathered here that “you won’t find us interfering” in commercial transactions, but “when the system is making all these changes and all these monetary contributions in order to strengthen the banking system, we want ...3…. public sector banking system so that your ability to support growth itself increases”. He further said one of the focus areas banks have taken up is to support MSMEs because the sector creating jobs and giving boost to the economy has no …..4….to international finance or bond market.

Jaitley told the bankers that the government is spending a lot of public money and foreign investment is coming in. “…we need the third engine also to fire and a robust private sector, MSME sector so that ….5….. growth rate which we have the potential for can be reached,” he said. Non-performing assets of PSBs have increased to Rs 7.33 lakh crore as of June 2017, from Rs 2.78 lakh crore in March 2015. In the last three-and-a-half years, the government …6…. in more than Rs 51,000 crore capital in public sector banks.

Finance minister also said the goods & services tax was a great enabler for banks too since it would give them the ….7….. of credit requirement of companies because more transactions would become transparent.

‘CAPITAL SUPPORT CONDITIONAL’

Speaking at the same conclave, financial services secretary Rajiv Kumar said the aim of the event was to essentially …..8…… to the PSBs that the government’s capital support was conditional to the kind of reforms the lenders initiate to become “responsible and responsive”. Kumar said the reforms agenda included strengthening of bank boards, resolution of nonperforming assets and resolving human resource issues.

“Everything is linked to the …..9….. which each board will consider within a short period of time as to what kind of business [they want to do] and how they want to go ahead. It’s not easy money which is going to come --that is the main point. It has to be followed up with a whole lot of reforms,” he said. Kumar said the reforms included bank boards taking a position and giving a clear-cut plan on …..10…….

1. Find out the right word

a)      Spur

b)      Sultry

c)       Dwindle

d)      Shrink

e)      drop

Explanation: In the context of the passage, the government has decided to infuse money in public sector banks to strengthen the banking system and stimulate economic growth. It makes option (a) the right choice among the given options.

2. Find out the right word

a)      Halted

b)      Unveiled

c)       Plugged

d)      Corked

e)      Sealed

Explanation: According to the given context, the government had revealed a road map in the last month to strengthen NPA-hit public sector banks. This makes option (b) the right choice among the given options.

Why you should read 'The Hindu' while preparing for Bank Exams

3. Find out the right word

a)      Robust

b)      Impotent

c)       Weak

d)      Infirm

e)      Wobbly

Explanation:  The government is making all these changes to make stronger banking system and it required powerful public sector banking system. It makes option (a) the right choice among the given options.

Comparison between SBI PO and ICICI Bank PO!

4. Find out the right word

a)      Egress

b)      Outlet

c)       Channel

d)      access

e)      Orifice

Explanation: According to the context, instead of creating jobs and giving boost to the economy of the country, MSMEs has no access to international finance or bond market. It makes option (d) the right choice among the given options.

5. Find out the right word

a)     downturn

b)      abate

c)       waning

d)      striction

e)      optimum

Explanation: The passage is talking about the third recourse i.e. private sector and MSME sector also to grow so that maximum growth rate can be achieved.  This makes option (e) the right choice among the given options.

NABARD Assistant Manager Grade ‘A’ Exam: Previous Year Question Paper

6. Find out the right word

a)      Compress

b)      Deflate

c)       Flatten

d)      Pumped in

e)      Squash in

Explanation: According to the passage, in the last three-and-a-half years, the government infused more than Rs 51,000 crore capital in public sector banks. This makes option (d) the right choice among the given options.

 

7. Find out the right word

a)      actuality

b)      fact

c)       reality

d)      idea

e)      way

 

Explanation: Goods and services tax will bring transparency and it will help banks to plan credit requirements of companies. This makes option (d) the right choice among the given options.

 8. Find out the right word

a)      Emphasise

b)      Minimize

c)       belittle

d)      discommend

e)      basis

Explanation: According to the passage, the aim of the event was to point up the PSBs that the government’s capital support was conditional to the kind of reforms the lenders initiate to become ‘responsible and responsive’. This makes option (a) the right choice among the given options.

 Another reason to join SBI: Work from Home facility for all employees

9. Find out the right word

a)      reform

b)      waver

c)       forfeit

d)      worsen

e)      impair

Explanation: According to the passage everything is related to the improvement and development of the banking system in the country. This makes option (a) the right choice among the given options.

10. Find out the right word

a)      Division

b)      Separation

c)       Consolidation

d)      Antagonism

e)      Dispersal

Explanation:  As per the given context, the reforms included bank boards taking a position and giving a clear-cut plan on combining. This makes option (c) the right choice among the given options.

Exam Stress: 11 Ways to beat it!

Success Story and Interview Experience of SBI PO

Comparison between SBI PO and ICICI Bank PO!

Jagran Josh
Jagran Josh

Education Desk

    Your career begins here! At Jagranjosh.com, our vision is to enable the youth to make informed life decisions, and our mission is to create credible and actionable content that answers questions or solves problems for India’s share of Next Billion Users. As India’s leading education and career guidance platform, we connect the dots for students, guiding them through every step of their journey—from excelling in school exams, board exams, and entrance tests to securing competitive jobs and building essential skills for their profession. With our deep expertise in exams and education, along with accurate information, expert insights, and interactive tools, we bridge the gap between education and opportunity, empowering students to confidently achieve their goals.

    ... Read More

    Get here latest School, CBSE and Govt Jobs notification and articles in English and Hindi for Sarkari Naukari, Sarkari Result and Exam Preparation. Empower your learning journey with Jagran Josh App - Your trusted guide for exams, career, and knowledge! Download Now

    Trending

    Latest Education News