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

Nov 23, 2017 15:22 IST
    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.

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    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.

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    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.

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    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.

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    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.

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    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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