SBI PO Exam 2017: Vocab Quiz ‘Kingfisher probe extends to finance ministry officials’
The importance of having a good vocabulary is manifold. You should know how the words are formed, how a word can be used in different contexts and how to select the word which best fits the requirement. So, an attempt should be made to learn more and more words and include/retain them in your Vocab bank. Also, emphasis should be laid on learning, reading more and adapting their usage in daily practice. While attempting the English section, the true barometer of success will be when you will able to select words in your mind. Newspaper articles also are of great help in this process.
Article: ‘Kingfisher probe extends to finance ministry officials’
The Central Bureau of Investigation (CBI) is seeking documents from the finance ministry as it seeks to widen its probe related to loans extended to Vijay Mallya's Kingfisher Airlines to include the role of government officials as well as other lenders, who were part of the consortium, which controversially bailed out the now defunct carrier.
Sources in the agency confirmed that the scope of the probe has been widened to include the role of all those who tried to reach undue benefits to the grounded airline at the cost of public exchequer. The investigating agency has made arrests of four functionaries each of the IDBI Bank and Mallya's ill-fated aviation venture. Sources said besides government officials, role of other banks apart from IDBI is also under the scanner.
The development came as it emerged that several mails and letters were exchanged between the Congress-led UPA and Mallya who had sought the intervention of former PM Manmohan Singh and the then finance minister P Chidambaram in reworking the airline's stressed finances. The expanded probe will examine the claim of bankers that they acted at the instance of the government of the day, with instructions from key functionaries. Kingfisher Airlines had debt of over Rs 7,000 crore and its finances were in shambles since 2008-09 till it finally downed shutters.
BJP used the documents pointing to UPA's effort to help the airlines stay afloat as it attempted to turn the tables on Congress, which had accused the government of helping Mallya "escape" to London. The ruling party alleged that Singh and Chidambaram facilitated Mallya and Kingfisher in borrowing huge sums from the public sector banks even when banks were reluctant to lend and had even frozen some of the accounts.
"PM Manmohan Singh should answer as to how he sought help from banks for a specific company... Letters reveal the PMO (under Singh) had turned a PR firm for a specific company. But Congress leaders have no answer," power minister Piyush Goyal said at a press conference. In an October 4, 2011, letter that Mallya wrote to Singh, the businessman refers to a meeting with the then PM and listed out his demands — from allowing foreign airlines to buy into Indian carriers to high taxes on aviation fuel — while also referring to State Bank of India providing additional loans of Rs 550 crore. A few months later, he sought Singh's intervention again for "support" a lenders consortium led by SBI.
On March 21, 2013, in a letter to Chidambaram, Mallya sought his intervention as SBI had turned down a request to grant it clearance for selling stake in his flagship United Spirits to global giant Diageo and the bank's deputy managing director Shyamal Acharya's refusal to meet him. While Singh and Chidambaram rejected the charges, BJP demanded an explanation from Congress president Sonia Gandhi.
"The hands which pulled the strings to ensure that Mallya received loans are visible now. They belonged to Chidambaram and Singh. Did the hands of 10-Janpath also pull the string? Sonia and Rahul Gandhi should come out in public to say at whose behest the loans were sanctioned to Kingfisher Airline," BJP spokesperson Sambit Patra said as he shared the documents.
1. Probe (noun) (जांच करना): is to discover information that other people do not want someone to know.
Synonym: Investigation, exploration, inquest, scrutiny
Antonym: Basis, glimpse, browse, feedback
Sentence: A probe was sought for in order to see who were involved in the Commonwealth games scam.
2. Consortium (noun) (संघ): refers to a group of companies that have joined together to work on a particular project.
Synonym: Consolidation, merger, partnership, affiliation
Antonym: Division, separation, parting, disunion
Sentence: This consortium is to gain more profits and diversify our avenues.
3. Controversially (adverb) (विवादास्पद): is related to causing much discussion, disagreement or argument.
Synonym: Contentious, disputed, dubious, questionable
Antonym: Certain, definite, sure, agreeable
Sentence: Controversially, he was disqualified from the entering into finals due to his tendency to take drugs.
4. Bailed (verb) (जमानत): is to making up excuses in order to get out of trouble or serious situations.
Synonym: Acquit, discharge, dismiss, rescue
Antonym: Blame, condemn, damn, engage
Sentence: In spite of the allegations, he was bailed out of jail as and when required.
5. Defunct (adjective) (निष्क्रिय): refers to something which is no longer existing or functioning.
Synonym: Obsolete, extinct, vanished, bygone
Antonym: Alive, existent, functioning, operating
Sentence: The telephone directories are defunct in the world of digitisation.
6. Shambles (noun) (ध्वंसावशेष): refers to the state of complete disorder.
Synonym: Disarray, anarchy, babel, bedlam
Antonym: Calm, harmony, method, order
Sentence: In the 9/11 attacks, the destroyed twin towers are still in shambles.
7. Shutters (noun) (झांप): is a device that prevents light or heat from going into the room or from leaving it.
Synonym: Blind, curtain, drape, shade
Antonym: Unshutter, dark, blazing, open
Sentence: The shopkeeper opened the shutter to let the air and light come inside the shop.
8. Afloat (adjective & adverb) (अशान्त): is floating on water or having money to continue surviving.
Synonym: Floating, adrift, drifting, buoyant
Antonym: Aground, beached, docked, sunken
Sentence: During the recession, many small businesses were struggling to keep afloat.
9. Ill-fated (adjective) (असफल): refers to something which is unlucky and unsuccessful.
Synonym: Doomed, disastrous, blighted, catastrophic
Antonym: Lucky, successful, progressing, auspicious
Sentence: A little mistake in the Himalayan expedition could turn into an ill-fated expedition.
10.Flagship (noun) (प्रमुख): refers to the best or the most important product, idea or building.
Synonym: Leader, bellwether, forerunner, head
Antonym: Minor, dependent
Sentence: The flagship store of Apple which opened in the town recently, is the talk of the town.
Question (1-5): Answer the following as directed
1. Find out the words which mean the same as ‘behest’(आदेश)
Solution: Option (3)
Explanation: The given word refers to do some task which has been asked or ordered by you. So, from the above-given options, option (3) is a right choice as the synonym of the word.
2. Find out the words which mean the same as ‘reluctant’(असन्तुष्ट)
Solution: Option (1)
Explanation: The given word is referred to some sort of mental struggle or unwilling to do some tasks in hand. 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 ‘alleged’ (कथित)
Solution: Option (4)
Explanation: The given word is to say something without proof. Hence, from the given options, option (4) is an apt choice as the synonym of the word given in the options.
4. Find out the words which mean the same as ‘intervention’ (हस्तक्षेप)
Solution: Option (2)
Explanation: The given word refers to the act of being involved in a situation. Therefore, 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 ‘functionaries’ (अधिकारी)
Solution: Option (3)
Explanation: The given word refers to a person who is in authority to perform official functions or duties. Hence, from all the above options, option (3) is the right choice as the synonym of the word given in the options.
Word of the Day
Meaning (English) – is someone who is an excessive talker or has the habit of talking a lot.
Meaning (Hindi) – गप्पी/ बातूनी
Synonyms – Chatty, loquacious
Antonyms – Quiet, reserved
Example – Oh!I did not get bored in the journey since my cab driver was quite garrulous.
उदाहरण – ओह, मैं यात्रा में उबा नहीं क्योंकि मेरा टैक्सी चालक काफी बातूनी था।