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Bank Exam: Important Vocab Quiz 30 Nov 2017

Nov 30, 2017 16:47 IST
    Online Vocabulary Quiz for Bank Exam
    Online Vocabulary Quiz for Bank Exam

    Strong vocabulary is necessary to crack bank recruitment exams. Here we are providing vocabulary quiz based on an article taken from ‘The Economics Times’. These words are highlighted for your reference so that you can identify and understand how they are applied in a sentence.

    By making a bid to push Reliance Communications into bankruptcy, China Development Bank has done what Indian lenders were trying their best to avoid. But now that it's pulled the trigger, State Bank of India and other domestic creditors won't be terribly unhappy. 

    The Indian wireless company owes one fifth of its $7 billion debt to CDB, which organized a syndicated loan for billionaire Anil Ambani's firm in 2011. While operational creditors such as Ericsson India Private and Tech Mahindra have previously approached India's National Company Law Tribunal to start insolvency proceedings against RCom this new petition by a hefty financial creditor comes as the biggest challenge for Ambani's desire to hold on to at least a minority stake.

    The fate of that plan hangs on a privately negotiated offer that involves a pledge to sell wireless spectrum, towers, fiber-optic networks and related assets for $2.6 billion, as well as real estate for $1.55 billion, and move $930 million of obligations to a shrunk, new RCom. 

    To that $5 billion resolution, add a proposed $1 billion debt-to-equity swap in favor of creditors, plus whatever liquid assets the company might still have (RCom had roughly $215 million of cash and equivalents in March), and the insolvency looks more or less resolved. 

    On paper, Ambani's is a zero loan write-off plan. But then, RCom's previous attempts to deleverage by merging its cellular business with another operator and selling a stake in the towers have come to nothing. It has already shuttered its 2G and 3G consumer businesses, and skipped a coupon on a $300 million bond. At 36 cents on the dollar, the price of the defaulted security suggests skepticism about the recovery rate. 

    So by bringing the sword of bankruptcy closer to RCom's neck, CDB gets to negotiate a sweeter deal with Ambani, preferably one in which there's no loan-to-equity conversion. That's something Indian banks won't mind. After all, which creditor would buy a stock at Rs 24.71 rupees (about 38 cents, the price agreed on in June) when the shares currently trade at Rs 13.35? 

    RCom says it's surprised by CDB's "untimely and premature action." The real shock, though, is that RCom is surprised: REDD Intelligence said on November 6 that CDB was scouting for advisory firms to manage the firm in bankruptcy. 

    All this is a just a game. By themselves, India's capital-starved creditors can't bring enough pressure to bear on RCom. The company knows how reluctant they are to make 50 percent provisions against secured soured loans -- and 100 percent against unsecured duds, as required by the regulator -- should they refuse to accept Ambani's restructuring plan by a December deadline. 

    CDB, however, is a different beast. It has so much more to lose in Venezuela -- and perhaps also in Pakistan, as my colleagues Nisha Gopalan and Shuli Ren have argued -- that its RCom exposure is chump change in comparison. 

    That makes the Chinese bank a credible threat, and a pal of Indian lenders. But only up to a point. If CDB pushes too hard, and RCom does slip into bankruptcy, then Indian banks' profits for this quarter will be toast. 

    The Chinese friend could turn into a frenemy. 

     

    1. Terribly (Adverb)(बहुत ज़्यादा, भीषण रूप से) : very unpleasant or serious or of low quality

    Synonym: extremely, Very badly, awfully, unpleasantly, immensely,

    Antonym: Calmly, mildly, trivially

    Sentence: Your mother misses you terribly, talk to her immediately.

    2. Syndicated (noun) (व्यवसाय-संघ, संघ, सभा): a number of businesses or enterprises united for commercial advantage

    Synonym: combination, combine, cartel, trust, association, conglomerate, union, board, bunch

    Antonym: division separation individual one

    Sentence: He was a member of British syndicate under Lord Dufferin.

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    3.  Hefty (adjective) (भारी): having great weight

    Synonym: big, large, bulky, massive, heavy, weighty, sturdy, solid

    Antonym: small, light, weightless, mini

    Sentence: It was an awesome day as shopping was relaxing and fruitful with a hefty budget.

    4.  Obligation (noun) (बंधन / कर्तव्य): something that you must do

    Synonym: burden, charge, commitment, devoir, duty, need, responsibility

    Antonym: grace, discharge, exemption, release, relief, option,

    Sentence: Pay your EMI on time otherwise you will not able to meet obligations.

    5. Pledge (noun) (प्रतिज्ञा): something given or held to assure that the giver will keep a promise

    Synonym:  guaranty, pawn, security, oath, promise, collateral, vow, words

    Antonym: break, Cancel, abort, revoke

    Sentence: The Centre government has pledged to build an integrated system to combat terrorism.

    6.  Skepticism (noun) (संशयात्मक, संदेहवादी): an attitude of doubt or a disposition to incredulity either in general or toward a particular object

    Synonym: Doubt, questioning, probing

    Antonym: Faith

    Sentence: The famous political leader of Myanmar Aung San Suu Kyi urged international community for o exercise “healthy skepticism” about her country’s reforms as it sheds a half-century of military rule.

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    7.Scouting (noun)(तलाशी, पता लगाना): the act and process of a person that investigate

    Synonym: investigation, exploring, inspection, survey

    Antonym: find, ignore, overlook

    Sentence: The police found the evidence while scouting the forest.

    8. Reluctant (adjective) (अनिच्छुक): slow to begin or proceed with a course of action because of doubts or uncertainty

    Synonym: unwilling, disinclined, unenthusiastic, grudging, resistant, resisting

    Antonym: eager, enthusiastic, happy, keen, ready, willing

    Sentence: She was reluctant to bear additional expense for the project.

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    9. Dud (असफल व्यक्ति, व्यर्थ) (Noun): A thing that fails to work properly

     Synonym: Failure, flop, let-down, disappointment

    Antonym: Success, win, rise

    Sentence: He was a complete dud, not able to obtain even passing marks in the exam.

    10.Chump (noun) (मूर्ख): A stupid or foolish person

    Synonym: fool, easily deceived person, gullible person.

    Antonym: drudge, energize, strengthen

    Sentence: You should turn to much bigger project to get beyond this chump change and move on.

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    Word of the day


    Frenemy: one who pretends to be a friend but is actually an enemy

    Note: The word “Frenemy” (also frienemy) is a combination of two words - friend and enemy. With a frenemy there may be a rivalry, an intense dislike, or even an integrity concern.

    Synonym: rival

    Antonym: Friend

    Sentence: Be aware of frenemy!  Spot a frenemy and move on to true friends.

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