English : Cloze Test for Upcoming Exams– Set 53

New Pattern Cloze Test for SBI PO, IBPS PO and Competitive exams

New Pattern English Cloze Test for SBI PO, IBPS PO, NIACL and various upcoming bank and insurance exams. Cloze Test New Pattern IBPS PO. English New Pattern Cloze test

In the passage given below there are 5 blanks, each followed by a word given in bold. Even 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 International Monetary Fund is meant to be the firefighter of the world economy. Recently, though, it is China that has responded to the (1)  (beating) of alarms. First, it lent Argentina cash to replenish its (2)  (shivering) foreign-exchange reserves. Next, with the rouble crashing, China offered credit to Russia. Then Venezuela begged for funds to (3)  (crash) a default. Strategic interests dictate where China points its financial hose: these countries supply it with oil and food. But if a government anywhere goes bust, it now has an alternative to the IMF.

In the past six months China has also invaded the development patch of the other great Bretton Woods institution, the World Bank. First, China—along with Brazil, Russia, India and South Africa—established the New Development Bank. Then it (4)  (exposed) the Asian Infrastructure Investment Bank. Finally it launched the Silk Road Fund, (5)  (matched by) yet another development bank. None has started operating, but China has pledged more than $140 billion to these new institutions.

 China’s (6)  (knock) should not be exaggerated. The yuan is not yet fully convertible and will not be for several years, which limits its influence. But the country’s leaders are clearly marshalling the cash and the strategy to become a banker to the world. This is at once welcome and worrying.

It is welcome because it is in everyone’s interest to have China’s vast savings, (7)  (burning) for too long in low-yielding American government bonds, diverted to more useful causes. For poor countries that need better roads and ports, Chinese capital could be a (8)  (godsend).

The worries relate to how China may (9)  (deny) its power. The World Bank and the IMF have been criticised for attaching too many conditions to loans. China, by contrast, is undemanding, worryingly so. The $50 billion that Chinese banks have lent to Venezuela since 2007 bought that country’s leaders time to wreck the economy, as well as allowing them to continue to thumb their noses at America. The fear is that, as international use of the yuan grows, China will start to provide pariah states with a means to evade Western financial sanctions, thus (10)  (stabilizing) the diplomatic order as well as the financial one.

 

  1. A) thrilling
    B) softening
    C) ringing
    D) whispering
    E) No Change Required
    View Answer
    Option C
    Explanation
    : alarm rings, so ringing of alarm.
  2. A) enhancing
    B) crackling
    C) ensuring
    D) dwindling
    E) No Change Required
    View Answer
    Option D
    Explanation
    : dwindling – diminish gradually in size, amount, or strength.
  3. A) wind up
    B) stave off
    C) prolong
    D) overleaf
    E) No Change Required
    View Answer
    Option B
    Explanation
    : stave off – avoid
  4. A) displayed
    B) caught
    C) unveiled
    D) resolved
    E) No Change Required
    View Answer
    Option C
    Explanation
    : unveiled – show or announce publicly
  5. A) backed by
    B) overreached by
    C) doing
    D) un-interrupting
    E) No Change Required
    View Answer
    Option A
    Explanation
    : backed- give financial, material, or moral support to.
  6. A) limit
    B) clout
    C) mutiny
    D) nuance
    E) No Change Required
    View Answer
    Option B
    Explanation
    : clout- influence or power, especially in politics or business. The previous paragraph talks about the power of China, however next sentence gives a limitation of the currency of China, Hence clout of China should not be exaggerated, as it too has limitation.
  7. A) uncovered
    B) stashed away
    C) pounced
    D) revive
    E) No Change Required
    View Answer
    Option B
    Explanation
    : stashed away – store (something)
  8. A) setback
    B) misfortune
    C) prosperity
    D) hassle
    E) No Change Required
    View Answer
    Option E
    Explanation
    : godsend – a very helpful or valuable event, person, or article.
  9. A) neglect
    B) obstruct
    C) wield
    D) slush
    E) No Change Required
    View Answer
    Option C
    Explanation
    : wield- hold and use
  10. A) constructing
    B) polluting
    C) wrapping
    D) subverting
    E) No Change Required
    View Answer
    Option D
    Explanation
    : subverting- undermine the power and authority of (an established system or institution)

 

 

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