English: Cloze Test for upcoming exams for IBPS PO Prelims – Set 88

Directions: In the passage given below there are 6 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”.

Banks and regulators have sharpened their act. But regulators’ enthusiasm for alternatives _1_(search) on technical rather than moral concerns. LIBOR’s underlying markets _2_(wear) thin. Although the shortest dollar, sterling and euro rates are based largely on actual loans, others rely on banks’ “expert judgment”—ie, informed_3_.(estimated). In one currency-term combination, Mr Bailey noted, banks on the LIBOR panel _4_(murmured) just 15 transactions in all of 2016. Another worry is that LIBOR implicitly includes banks’ own credit risk. Something closer to a risk-free rate would be a better _5_(threshold) for some markets, especially in_6_(loans).

  1. A) was annuled
    B) is founded
    C) is negated
    D) is strayed
    E) None of these
    View Answer
       Option B 
  2. A) have vigorous
    B) had tattered
    C) had improved
    D) have worn
    E) None of these
    View Answer
       Option D 
  3. A) details
    B) balances
    C) guesses
    D) tabulates
    E) None of these
    View Answer
       Option C 
  4. A) mustered
    B) afflicted
    C) dispersed
    D) desolated
    E) None of these
    View Answer
       Option A
    Explanation:
    mustered= assemble (troops), especially for inspection or in preparation for battle.
  5. A) severe
    B) test
    C) benchmark
    D) outlier
    E)  None of these
    View Answer
       Option C 
  6. A) primaries
    B) casuals
    C) derivatives
    D) originals
    E) None of these
    View Answer
       Option C
    Explanation: derivative = an expression representing the rate of change of a function with respect to an independent variable.

Directions: In the passage given below there are 6 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”.

Every working day, shortly before noon, British time, the London Interbank Offered Rate, or LIBOR, is published. For five currencies and seven maturities, from overnight to 12 months, it is the average, _1_ (cut) of outliers, of up to 20 banks’ estimates of the interest rate at which they can borrow from other banks. It is also the benchmark for financial contracts _2_ (beacon) to be worth $350trn. Derivatives depend on it most. But plenty of asset-management products, as well as corporate loans and mortgages, are based on LIBOR and similar rates, _3_ (priorly) EURIBOR, an interbank rate for euros. Yet LIBOR’s days may be numbered. Regulators _4_(publicize) other benchmarks. On July 27th Andrew Bailey, the head of Britain’s Financial Conduct Authority, said that the FCA had spoken to banks _5_(about) sustaining LIBOR until the end of 2021, but no longer. In April a working group set up by the Bank of England concluded that SONIA (the Sterling Overnight Interbank Average Rate), which the central bank administers, was its preferred alternative. In June a committee _6__ (discussed) by the Federal Reserve proposed a broad Treasury repurchase or repo rate, to be published by the New York Fed, as a replacement for dollar LIBOR.

  1. A) augmented
    B) trimmed
    C) bald
    D) uncropped
    E) None of these
    View Answer
       Option B
    Explanation:
    trim = make (something) neat or of the required size or form by cutting away irregular or unwanted parts.
  2. A) reckoned
    B) supposed
    C) appraised
    D) enumerated
    E) None of these
    View Answer
       Option A
    Explanation:
    reckon = establish by calculation.
  3. A) abysmally
    B) adjoining
    C) banally
    D) notably
    E) None of these
    View Answer
       Option D
    Explanation:
    notably = in a way that is striking or remarkable.
  4. A) were establishing
    B) are gathering
    C)  are promoting
    D) were publishing
    E) None of these
    View Answer
       Option  C 
  5. A) for
    B) of
    C) at
    D) over
    E)  None of these
    View Answer
       Option E 
  6. A) adjourned
    B) convened
    C) dispersed
    D) gathered
    E) None of these
    View Answer
       Option
    Explanation: 
    convened = come or bring together for a meeting or activity; assemble.

 

 

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14 Thoughts to “English: Cloze Test for upcoming exams for IBPS PO Prelims – Set 88”

  1. MAYANK BHARADWAJ100%

    8/10

  2. Deadman

    3/6-1st
    5/6-2nd
    thnku mam

  3. deteminedd

    mam please explain why we can’t use for in 5th blank of second cloze test

  4. ahtesham ahmed

    Attempted 2nd one …6/6

  5. Sachin shukla( Banker 2018)

    10/12

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