SBI PO Exam 2017:Vocab Quiz ‘The global economy enjoys a synchronised upswing’

Here is a vocab quiz based on an article taken from ‘The Economist’ (dated March 18th, 2017). The difficult words are in bold along with their synonyms, antonyms, and how they are used in the form of a sentence. All the best!

Created On: Apr 19, 2017 17:00 IST

There are several ways to enhance vocabulary. Playing games and funny group activities are also a part of ‘learning by fun’. Some of the effective language-relating learning games are Quiddler, Scrabble and Boggle, etc.If you don’t wish to spend money buying these games then it’s also easy to make your own games. Come up with your own word activities. If you don’t have time for the group activities, then there are various word games available on the internet. You can play those games when you have time or whenever you are getting bored. Make it a part of your daily routine and see the difference yourself. Let’s take a look at the below-mentioned article taken from a leading print magazine ‘The Economist’ (dated March 18th, 2017).

Article: The global economy enjoys a synchronised upswing

ECONOMIC and political cycles have a habit of being out of sync. Just ask George Bush senior, who lost the presidential election in 1992 because voters blamed him for the recent recession. Or Chancellor Gerhard Schröder, booted out by German voters in 2005 after imposing painful reforms, only to see Angela Merkel reap the rewards.

Today, almost ten years after the most severe financial crisis since the Depression, a broad-based economic upswing is at last under way . In America, Europe, Asia and the emerging markets, for the first time since a brief rebound in 2010, all the burners are firing at once.

But the political mood is sour. A populist rebellion, nurtured by years of sluggish growth, is still spreading. Globalisation is out of favour. An economic nationalist sits in the White House. This week all eyes were on Dutch elections featuring Geert Wilders, a Dutch Islamophobic ideologue, just one of many European malcontents.

This dissonance is dangerous. If populist politicians win credit for a more buoyant economy, their policies will gain credence, with potentially devastating effects. As a long-awaited upswing lifts spirits and spreads confidence, the big question is: what lies behind it?

All together now

The past decade has been marked by false dawns, in which optimism at the start of a year has been undone—whether by the euro crisis, wobbles in emerging markets, the collapse of the oil price or fears of a meltdown in China. America’s economy has kept growing, but always into a headwind. A year ago, the Federal Reserve had expected to raise interest rates four times in 2016. Global frailties put paid to that.

Now things are different. This week the Fed raised rates for the second time in three months—thanks partly to the vigour of the American economy, but also because of growth everywhere else. Fears about Chinese overcapacity, and of a yuan devaluation, have receded. In February factory-gate inflation was close to a nine-year high. In Japan in the fourth quarter capital expenditure grew at its fastest rate in three years. The euro area has been gathering speed since 2015. The European Commission’s economic-sentiment index is at its highest since 2011; euro-zone unemployment is at its lowest since 2009.

The bellwethers of global activity look sprightly, too. In February South Korea, a proxy for world trade, notched up export growth above 20%. Taiwanese manufacturers have posted 12 consecutive months of expansion. Even in places inured to recession the worst is over. The Brazilian economy has been shrinking for eight quarters but, with inflation expectations tamed, interest rates are now falling. Brazil and Russia are likely to add to global GDP this year, not subtract from it. The Institute of International Finance reckons that in January the developing world hit its fastest monthly rate of growth since 2011.

This is not to say the world economy is back to normal. Oil prices fell by 10% in the week to March 15th on renewed fears of oversupply; a sustained fall would hurt the economies of producers more than it would benefit consumers. China’s build-up of debt is of enduring concern. Productivity growth in the rich world remains weak. Outside America, wages are still growing slowly. And in America, surging business confidence has yet to translate into surging investment.

Entrenching the recovery calls for a delicate balancing-act. As inflation expectations rise, central banks will have to weigh the pressure to tighten policy against the risk that, if they go too fast, bond markets and borrowers will suffer. Europe is especially vulnerable, because the European Central Bank is reaching the legal limits of the bond-buying programme it has used to keep money cheap in weak economies.

The biggest risk, though, is the lessons politicians draw. Donald Trump is singing his own praises after good job and confidence numbers. It is true that the stockmarket and business sentiment have been fired up by promises of deregulation and a fiscal boost. But Mr Trump’s claims to have magically jump-started job creation are sheer braggadocio. The American economy has added jobs for 77 months in a row.

No Keynes, no gains

Most important, the upswing has nothing to do with Mr Trump’s “America First” economic nationalism. If anything, the global upswing vindicates the experts that today’s populists often decry. Economists have long argued that recoveries from financial crashes take a long time: research into 100 banking crises by Carmen Reinhart and Kenneth Rogoff of Harvard University suggests that, on average, incomes get back to pre-crisis levels only after eight long years. Most economists also argue that the best way to recover after a debt crisis is to clean up balance-sheets quickly, keep monetary policy loose and apply fiscal stimulus wherever prudently possible.

Today’s recovery validates that prescription. The Fed pinned interest rates to the floor until full employment was in sight. The ECB’s bond-buying programme has kept borrowing costs in crisis-prone countries tolerable, though Europe’s misplaced emphasis on austerity, recently relaxed, made the job harder. In Japan rises in VAT have scuppered previous recoveries; this time the government wisely deferred an increase until at least 2019.

The tussle over who created the recovery is about more than bragging rights. An endorsement for populist economics would favour insurgent parties in countries like France, where the far-right Marine Le Pen is standing for president. It would also favour the wrong policies. Mr Trump’s proposed tax cuts would pump up the economy that now least needs support—and complicate the Fed’s task. Fortified by misplaced belief in their own world view, the administration’s protectionists might urge Mr Trump to rip up the infrastructure of globalisation (bypassing the World Trade Organisation in pursuing grievances against China, say), risking a trade war. A fiscal splurge at home and a stronger dollar would widen America’s trade deficit, which may strengthen their hand. Populists deserve no credit for the upsurge. But they could yet snuff it out.

1.     Rebellion (noun) (विद्रोह): Rebellion refers to the violent action organized by a group of people who are trying to change their political system in their country.

Synonym: Dissent, insurgency, insurrection, revolution

Antonym: Obedience, orthodoxy, submission, harmony

Sentence: Kakori was an act of rebellion against Britishers.

2.     Dissonance (noun) (मतभेद): Dissonance is described as inconsistency between the beliefs one holds or between one’s actions and one’s beliefs.

Synonym: Discord, discrepancy, disparity, dissension

Antonym: Agreement, concurrence, harmony, accord

Sentence: Dissonance often occurs when individuals try to explain their idiosyncrasies.

3.     Malcontents (noun) (असंतुष्ट ): A malcontent is someone who is always dissatisfied.

Synonym: Agitator, anarchist, demagogue, leftist

Antonym: Moderate, satisfied, contended, gratified

Sentence: The director often described actress as malcontent since she keeps on whining about petty issues.

4.    Buoyant (adjective) (तैरता हुआ): Buoyant is often described as an ability to float.

Synonym: Bouncy, resilient, afloat, airy

Antonym: Depressed, heavy, down, weighted

Sentence: The Indo-Pak conference ended in a buoyant mood.

5.   Vigour (noun) (शक्ति): Vigour refers to the physical health and good health.

Synonym: Agility, capability, dynamism, endurance

Antonym: Apathy, clumsiness, impotence, inability

Sentence: He set about their work with vigour and enthusiasm.

6.   Entrenching (verb) (मोरचा बंदी करना): Entrenching refers to the process by which ideas become fixed and cannot be changed.

Synonym: Define, embed, ensconce, fortify

Antonym: Discourage, dissuade, hurt, weaken

Sentence: The merger was meant to establish solidly entrenching in the business.

7.   Braggadocio (noun) (शेख़ीबाज़/ डींगमार): Braggadocio is the annoying conversation of someone who is trying to sound very proud.

Synonym: Braggart, blowhard, boaster, brag

Antonym: None

Sentence: The bully’s braggadocio deters his self-esteem and confidence in a bad way.

8.   Vindicates (verb) (समर्थन करना): Vindicates refers to show something to have been right or true, or to show someone to be free from guilt or blame.

Synonym: Absolve, acquit, corroborate, defend

Antonym: Blame, charge, condemn, convict

Sentence: The convict was vindicated by the judge during the verdict.

9.   Scupper (verb) (तबाह करना): Scupper is to disable or destroy or to sink your own ship on purpose.

Synonym: Crippled, damaged, disabled, impaired

Antonym: None

Sentence: The Titanic ship was scuppered and seriously damaged.

10. Austerity (noun) (कठिनता): Austerity is the sternness or severity of manner or attitude or difficult, etc.

Synonym: Severity, rigor, acerbity, asperity

Antonym: Informality, kindness, mildness, blandness

Sentence: Syria is still a subject to acute economic austerity.

Question (1-5): Answer the following as directed.

1. Find out the words which mean the same as ‘sluggish’(सुस्त)

  1. Energetic
  2. Lively
  3. Alert
  4. Stagnant
  5. Other than those given in options

Solution: Option (4)

Explanation: The given word is used to define something which is moving or operating more slowly than usual and with less energy or power. So, from theabove-given options, option (4) is a right choice as the synonym of the word.

2.      Find out the words which mean the same as ‘credence’ (विश्वास)

  1. Belief
  2. Denial
  3. Distrust
  4. Uncertainty
  5. Other than those given in options

Solution: Option (1)

Explanation: The given word is defined as the belief that something is true. Hence, from the given options, option (1) is the correct choice as the synonym of the word.

3.      Find out the words which mean the same as ‘frailties’ (निर्बलता)

  1. Perfection
  2. Firmness
  3. Deficiency
  4. Strength
  5. Other than those given in options

Solution: Option (3)

Explanation: The given word refers to the condition of being weak and delicate. Therefore, from the given options, option (3) is an apt choice as the synonym of the word given in the options.

4.    Find out the words which mean the same as ‘notched’ (नोकदार)

  1. Even
  2. Jagged
  3. Smooth
  4. Flat
  5. Other than those given in options

Solution: Option (2)

Explanation: The given word refers toa V-shaped cut in a hard surface or to score or achieve something. Hence, from the given options, option (2) is the right choice as the synonym of the word given in the options.

5.      Find out the words which mean the same as ‘enduring(टिकाऊ)

  1. Capricious
  2. Abiding
  3. Ephemeral
  4. Fugitive
  5. Other than those given in options

Solution: Option (2)

Explanation: The given word is often defined assomething which exists for a long time. Therefore, from all the above options, option (2) is the right choice as the synonym of the word given in the options.


Word of the Day


Meaning (English) – refers to something that happens with something else and is connected with it.

Meaning (Hindi) – संलग्न / जुड़ा हुआ

Synonyms – Accompanying, adjuvant

Antonyms – Accidental, unrelated

Example – He got promoted without any concomitant of hard work.

उदाहरण – वह  किसी कड़ी मेहनत की संलग्ता के बिना पदोन्नत हुआ।

Jagran Play
रोमांचक गेम्स खेलें और जीतें एक लाख रुपए तक कैश
ludo_expresssnakes_ladderLudo miniCricket smash
ludo_expresssnakes_ladderLudo miniCricket smash
Comment (0)

Post Comment

0 + 3 =
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.