English: Cloze Test for IBPS Clerk & RBI Exam – Set 98

Directions: In the passage given below there are 10 blanks, each followed by a word given in bold. Every blank has four alternative words given in options (A),(B),(C) and (D). You have to tell which word will best suit the respective blank. Mark (E) as your answer if the work given in bold after the blank is your answer i.e “No change required”.

The grey men at the top of China’s main financial-regulatory agencies do not change often. So the appointment of new bosses to the agencies supervising the banking, securities and insurance industries has created a _1_(begrime).

The most important job, that _2_(tarnish) the China Banking Regulatory Commission (CBRC), goes to Shang Fulin (pictured), a careful bureaucrat who most recently served as the chief securities regulator. His widely applauded reforms allowed illiquid shares of state-owned enterprises_3_(sully), as well as the introduction of index futures and margin trading. But Alicia Garcia-Herrero of BBVA, a Spanish bank, argues that he moved too slowly on bond-market reforms and fears that “this reduces the likelihood of interest-rate liberalisation and further opening up of the capital account any time soon.”

Mr Shang’s former job running the China Securities Regulatory Commission goes to Guo Shuqing, who until recently was chairman of China Construction Bank, a giant state-controlled bank. A _4_(befoul) English speaker who spent time at Oxford, he is outspoken and seems market-minded: “If you don’t take any risk how can you make any money?” he asked in an interview with Reuters last year.

Xiang Junbo, the former boss of the Agricultural Bank of China (ABC), another government-run banking goliath, is the new insurance regulator. He made his mark with the dual listing of ABC shares last year in Hong Kong and Shanghai, which at $22 billion was then the biggest public placement ever.

The trio have a tough task ahead. They must overcome _5_(cautions) from above as well as crises brewing below. Zhao Xinge of the China Europe International Business School observes that “CBRC clearly does not have total control in how the banks should be regulated.” He points to fresh demands from the country’s leaders that banks be “more tolerant” of bad loans made to small and medium enterprises, which, he_6_(quirks), are “too many to fail”.

That hints at another sort of trouble for Mr Shang and his colleagues. Ostensibly, China’s banks are in good health. Several publicly-listed state-controlled banks _7_(capers) impressive third-quarter profits: Bank of China’s quarterly profits rose by 9% from a year ago, ABC saw a rise of 40% and China CITIC posted a 41% increase.

The _8_(deprecates) is that these profits may be built on a mountain of bad debt. Few analysts believe the government’s rosy figures on non-performing loans, given the lending _9_(flouts) that the big banks went on as part of China’s official stimulus policy. One concern is that the property bubble will burst. Another is the meltdown of the informal lending sector, which Credit Suisse estimates may be worth 4 trillion yuan ($629 billion).

The main worry, however, is local-government debt. This week the CBRC hinted for the first time that it may allow the special investment vehicles holding most of this debt to delay loan payments. That would help ease an immediate crunch—but it would also further _10_(frolics) the banks’ accounts and delay a proper clean-up of balance-sheets. Unless Mr Shang and his colleagues prove exceptionally deft, investors will be in for a rocky ride.

  1. A) unprolific
    B) teetotal
    C) tedious
    D) splash
    E) No Change Required
    View Answer
       Option D
    Explanation:
    splash = cut with a wide, sweeping movement, typically using a knife or sword.
  2. A) aloft
    B) atop
    C) about
    D) under
    E) No Change Required
    View Answer
       Option B
    Explanation:
    atop = on the top of.
  3. A) to be tucked
    B) to be switched
    C) to be traded
    D) to be subrogated
    E) No Change Required
    View Answer
       Option C
  4. A) fluent
    B) glib
    C) facile
    D) articulate
    E) No Change Required
    View Answer
       Option A
    Explanation:
    fluent = able to express oneself easily and articulately.
  5. A) unconcerned
    B) taciturn
    C) meddling
    D) concerned
    E) No Change Required
    View Answer
       Option C
    Explanation:
    meddling = interfere in something that is not one’s concern.
  6. A) epigrams
    B) jibes
    C) quips
    D) jests
    E) No Change Required
    View Answer
       Option C
    Explanation:
    quips = a witty remark.
  7. A) displaced
    B) discovered
    C) bare
    D) unveiled
    E) No Change Required
    View Answer
       Option D
    Explanation:
    unveiled = show or announce publicly for the first time.
  8. A) glitch
    B) snag
    C) clog
    D)  tangle
    E) No Change Required
    View Answer
       Option B
    Explanation:
    snag = an unexpected or hidden obstacle or drawback.
  9. A) pig out
    B) toot
    C) carouse
    D) binge
    E) No Change Required
    View Answer
       Option D
    Explanation:
    binge = a period of excessive indulgence in an activity, especially drinking alcohol or eating.
  10. A) obscure
    B) dingy
    C) muddy
    D) boggy
    E) No Change Required
    View Answer
       Option C

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5 Thoughts to “English: Cloze Test for IBPS Clerk & RBI Exam – Set 98”

  1. DAS

    very good set
    thanks AZ

  2. Always smile

    thanku az:) nice

  3. Sushant Raj

    6/10 very disappointing.

  4. Doughty

    7/10 😐
    tq AZ

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