Institute of Banking Personnel Selection
Banks Probationary officers Common Written Examination-2011
Directions (Q. 1-10): Read the following passage carefully and answer the questions given below it.
Today, with a Nobel Prize to its credit . Grameen is one of the largest microfinance organisations in the world. It started out lending small sums to poor entrepreneurs in Bangladesh to help them grow from a subsistence living to a livelihood. The great discovery its founders made was that even with few assets, these entrepreneurs repaid on time. Grameen and microfinance have since become financial staples of the developing world. Grameen’s approach, unlike other microfinancers uses the group- lending model. Costs are kept down by having borrowers vet one another, tying together their financial fates and eliminating expensive loan officers entirely. The ultimate promise of Grameen is to use business lending as a way for people to lift themselves out of poverty.
Recently Grameen has taken on a different challenge – by setting up operations in the United States Money may be tight in the waning recession, but it is still a nation of 1,00,000 bank branches. Globally, the, working microfinance equation consists of borrowing funds cheaply and keeping loan defaults and overhead expenses sufficiently low. Microlenders, including Grameen, do this by charging colossal interest rates – as high as 60% or 70% – which is necessary to compensate for the risk and attract bank funding. But loans at rates, much above the standard 15% would most likely be attacked as usurious in America.
So, the question is whether there is a role for a Third World lender in the world’s largest economy? Grameen America, believes that in a few years it will be successful and turn a profit, thanks to 9 million United States households untouched by main-stream banks and 21 million using the likes of payday loans and pawn shops for financing. But enticing the unbanked won’t be easy. After all, profit has long eluded United States rnicrofinanciers and if it is not lucrative; it is not microlending – but charity. When Grameen first went to the United States, in the late 1980s, it tripped up. Under Grameen’s tutelage, Banks started micro loans to entrepreneurs with a shocking 30% loss. But Grameen America says that this time results will be different because Grameen employees themselves will be making the loans, not training an American bank to do it. More often than not, the borrowers . Grameen finds in the United states already have jobs (as factory workers for example) or side businesses – selling toys, cleaning houses etc. The loans from Grameen, by and large, provide a steadier source of funding, but they don’t create businesses out of nothing. But money isn’t everything. More importantly for many entrepreneurs, group members are tremendous sources of support to one another. So even if studies are yet to determine if Grameen is a clear-cut pathway out of poverty, it still achieves something useful.
Directions (11-15): Read each sentence to find out whether there is any grammatical mistake/error in it. The error if any, will be in one part of the sentence. Mark the number of the part with error as your answer. If there is ‘No error” mark (e).
Directions (16-20): In each question a sentence with two words/groups of words printed in bold type are given. One of them or both of them may have a certain error. You have to find out the correct word/group of words from among the four choices given below each sentence to replace the incorrect words.’ group of words and make the sentence grammatically correct and meaningful. If the sentence is correct as it is mark (e) ‘No correction required’ as your answer.
Directions (21-30): Read the following passage carefully and answer the questions given below’ it.
The great recession has not been great for free trade. As unemployment has been throughout the world, governments have become more focused on protecting their own Industries than on promoting international commerce. The U. S. though typically an enthusiastic supporter of open markets in duded “buy American” clauses in its stimulus package and propped up its railing auto industry with handouts.
But according to the Asian Development Bank (ADB), in the part of the world that was hit hardest by the trade crash-Asia, the number of Free- Trade Agreements (FTAs) signed by Asian countries has grown from Just three in 2000 to 56 by the end of August 2009. Nineteen of those FTAs are among 16 Asian economies a trend that could help the region become a powerful trading bloc.
The drive to lower trade barriers has taken on fresh urgency amid, the recession. As Asian manufacturing networks become more intertwined – and as Asian consumers become wealthier-regional commerce is becoming critical to future economic expansion. Intraregional trade last year made up 57% of total Asian trade, up from 37% in 1980. In the past Asia produced for America and Europe, now Asia is producing for Asia.
Of course, Asia is still dependent on sales to the West. But FTAs could reduce the region’s exposure to the United States by giving Asian companies preferential treatment in selling to Asian companies and consumers. These benefits could come with down-sides, however. According to experts. FTAs create a “non- level playing field with advantages for Asian countries”. If the most dynamically growing part of the global economy gives the U .S. restricted access it will impact global balance. Companies in countries like the United States left out of the trade ‘pacts could face disadvantages when trying to tap fast – growing Asian markets, This, in turn, could have a negative impact on efforts 10 rebalance excessive debt in the U.S. and excessive savings in Asia. Still, the benefits of greater regional integration could prove powerful enough to over-come the roadblocks. In Asia, the only thing everyone agrees upon is business. If it does, the world economy may never be the same.
Directions (31-35): In each question below a sentence with four words printed in bold type is given. These are numbered as (a), (b), (c) and (d). One of these four boldly printed words, may be either wrongly spelt or inappropriate in the context of the sentence. Find out the word which is wrongly spelt or inappropriate, if any. The number of that word is your answer. If all the boldly printed words. are correctly spelt and also appropriate in the context of the sentence, mark (e) i.e. ‘All Correct’ as your answer.
Directions (36-40): In each question, there are two statements which can be combined into a single statement in a number of different ways without changing their meaning. Below them are given three probable starters (A), (B) and (C) of such a combined sentence. One, two, three or none of them may be correct. Decide upon which is/are correct, if any, and mark the option which denotes your answer. If none of the three starters is suitable mark (e) i.e.; ‘None’ as your answer.
Directions (41-50): In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.
Seed quality is an (41) aspect of crop production. For ages, farmers have traditionally been selecting and (42) good quality seed, since it was in their interest to do so. They knew and understood the importance of quality seed in production. However, with the advent of green revolution technology, based (43) on the high-yielding dwarf varieties of wheat and rice, mainstream thinking changed. Agricultural scientists, for reasons that remain (44) began to doubt, the ability of farmers to maintain seed quality (45). Aided by the World Bank, the Ministry of Agriculture launched a National Seeds Project in 1967. Under the project spread into three phases, seed processing plants werre (46) up in nine states. Six states were covered under phase three. All that the huge processing plants were (47) to do was to provide ‘certified’ seeds of food crops, mainly self- pollinating crops, to farmers. In mid-1980s, the International Rice Research Institute (IRRI) in the Philippines concluded a study which (48) that there was hardly any difference in the crop yields from transplanted rice and from the crop sown by broad casted seeds. One would wonder why, in the first instance, were the farmers, asked to (49) over to transplanting paddy? The answer is simple – probably, to help the mechanical industries grow. Since rice, is the staple food in Asia, tractor sales could only grow if there was a way to move the machine in the rice fields. No wonder, the sales of tractors, puddlers, reapers and other associated (50) soared in the rice growing areas.
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Institute of Banking Personnel Selection
Banks Probationary officers Common Written Examination-2011
(English Language Solved Sample Questions 2011)
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Question 1 of 50
The Chairmen of all large (a)/ public sector banks met with (b)/ senior RBI officials to give its (c)/ suggestions about implementing the new policy. (d)/ No error (e)
Question 2 of 50
What has adversely affected the success of micro-finance institutions in the United States?
Question 3 of 50
Why has Grameen made a second attempt to launch in the United States?
Question 4 of 50
Which of the following can be inferred from the passage?
Question 5 of 50
According to the author, what has enhanced the likelihood of success for Grameen America at present?
Question 6 of 50
Which of the following can be said about Grameen?
(A) Its success in developing countries will ensure’ success in developed countries
(B) It ensures that the poor in developing countries enjoy a subsistence standard of living.
(C) It has demonstrated that the poor are far more likely to repay loans than the affluent.
Question 7 of 50
What is the central theme of the passage?
Question 8 of 50
Why was Grameen America’s initial U. S. initiative a flop?
(A) Lack of proper training to Grameen America personnel.
(B) Grameen’s refusal to adapt their system to meet the needs of the American poor.
(C) It ended up giving loans at half their customary rates of interest.
Question 9 of 50
Which of the following is a benefit of the Grameen system of microfinance?
Question 10 of 50
Which of the following is most similar in meaning to the word “ELUDED” as used in the passage?
Question 11 of 50
Which of the following is most opposite in meaning to the word “COLOSSAL”, as used in the passage?
Question 12 of 50
We are yet starting (a)/ offering this facility to (b)/ our customers as we are (c)/ awaiting approval from the Board. (d)/ No error (e)
Question 13 of 50
They have not fully considered (a)/ the impact that relaxing (b)/ these guidelines is likely (c)/ to have with the economy, (d)/ No error (e)
Question 14 of 50
Had this notification (a)/ been amended earlier; (b)/ we could have stopped (c)/ the transfer of funds. (d)/ No, error (e)
Question 15 of 50
There are many insurance (a)/ disputes nowadays because of (b)/ most people do not fully (c)/ understood the terms and conditions of their policies. (d)/ No error.
Question 16 of 50
He has raised some pertinent issues they require a serious discussion.
Question 17 of 50
Many senior citizens are finding this difficult to affordable essential commodities today.
Question 18 of 50
In order to be compete today a company should innovative.
Question 19 of 50
While the company make great strides on the environmental front it has updated its H R practices.
Question 20 of 50
Corruption acted as a disincentive for investment and harm economic growth.
Question 21 of 50
What do the Asian Development Bank statistics indicate?
Question 22 of 50
What has given rise, to the large number of trade agreements between Asian countries?
Question 23 of 50
Which of the following is NOT TRUE in the comer the passage?
(A) Political and economic rivalries between A, countries are non-existent today.
(B) Asian countries hold America responsible for recession and have imposed economic sanctions against the U.S.
(C) America has adopted a protectionist strategy after the recession.
Question 24 of 50
Which of the following describes expert predictions’ trade pacts between Asian countries?
Question 25 of 50
Which of the following has/have not been (an) impact of the recession?
(A) Various trade agreements signed between developed and Asian countries have not been honoured.
(B) The U. S. government has restructured the automobile industry.
(C) Regional conflicts in Asia have substantially reduced.
Question 26 of 50
According to the author what danger does creating an Asian trading bloc pose?
Question 27 of 50
What is the author trying to convey through the phrase “In the past Asia produced for America and Europe, now Asia is producing for Asia”?
Question 28 of 50
Which of the following is most opposite in meaning to the word ‘CRITICAL’ as used in the passage?
Question 29 of 50
Which of the following is most similar in meaning to the word “FRESH” as used in the passage?
Question 30 of 50
Which of the following can be said about the American economy in the context of the passage?
(A) Most American companies have opted to withdraw from Asia.
(B) America’s stand on free trade has altered because of the recession.
(C) The American economy is far too dependent on Asia for trade
Question 31 of 50
This firm which is based (a)/ in France is prepaired (b)/ to finance (c)/ small Indian businesses which produce (d)/ environment friendly products. All correct (e).
Question 32 of 50
Despite intense (a)/ pressure (b)/ from his superiors he refused to discloze (c)/ the findings (d)/ of the report. All correct (e).
Question 33 of 50
Corporates have benefited tremedously (a)/from the government’s timely (b)/ decision to waive (c)/ various tax. (d)/ All correct (e).
Question 34 of 50
Since you are unable (a)/ to repay the loan you have no alternate (b)/ but to seek (c)/ an extension. (d)/ All correct (e).
Question 35 of 50
A major (a)/ disadvantage (b)/ of this deal is that we shall have to bear (c)/ the cost (d)/ of training. All correct (e).
Question 36 of 50
Twelve million youth enter the Indian workforce every year. Eighty percent of these youth are unskilled.
(A) While eighty percent…………………….
(B) Since 12 million…………………………
(C) Of the twelve million……………………
Question 37 of 50
Food inflation is touching 20 per cent. The government will have to tighten monetary policy to prevent further rise.
(A) Although food inflation is…………………
(B) With the tightening of monetary………….
(C) Given that food inflation…………………..
Question 38 of 50
The government has decided to install renewable energy devices at prominent sites. Citizens will be more aware of their benefits.
(A) The government’s decision………………
(B) Deciding to install………………………..
(C) By making citizens……………………….
Question 39 of 50
The company’s sales were low at the beginning of the year. Its sales have picked up in the past few months.
(A) Though the company’s sales were low……
(B) Despite low sales at………
(C) However the company’s sales have picked…
Question 40 of 50
RBI is concerned about the risk of investing in mutual funds. RBI is likely to ask banks to reduce their investments in mutual funds.
(A) At the risk of investing
(B) To reduce investments
(C) Concern for the risk
Question 41 of 50
Seed quality is an (41) aspect of crop production. For ages,
Question 42 of 50
farmers have traditionally been selecting and (42) good quality seed, since it was in their interest to do so. They knew and understood the importance of quality seed in production.
Question 43 of 50
However, with the advent of green revolution technology, based (43) on the high-yielding dwarf varieties of wheat and rice, mainstream thinking changed.
Question 44 of 50
Agricultural scientists, for reasons that remain (44) began to doubt,
Question 45 of 50
the ability of farmers to maintain seed quality (45).
Question 46 of 50
Aided by the World Bank, the Ministry of Agriculture launched a National Seeds Project in 1967. Under the project spread into three phases, seed processing plants werre (46) up in nine states.
Question 47 of 50
Six states were covered under phase three. All that the huge processing plants were (47) to do was to provide ‘certified’ seeds of food crops, mainly self- pollinating crops, to farmers. In mid-1980s,
Question 48 of 50
the International Rice Research Institute (IRRI) in the Philippines concluded a study which (48) that there was hardly any difference in the crop yields from transplanted rice and from the crop sown by broad casted seeds.
Question 49 of 50
One would wonder why, in the first instance, were the farmers, asked to (49) over to transplanting paddy?
Question 50 of 50
The answer is simple – probably, to help the mechanical industries grow. Since rice, is the staple food in Asia, tractor sales could only grow if there was a way to move the machine in the rice fields. No wonder, the sales of tractors, puddlers, reapers and other associated (50) soared in the rice growing areas.