English Test for IBPS Clerk 2018 Main Exam Set – 2

Directions (1-4): Choose the odd sentence out of the given five sentences in each question.

  1. Kuwait’s ruler dissolved parliament by royal decree on Sunday over unspecified security concerns as low oil prices squeeze government coffers, setting the stage for early elections in the tiny, oil-rich country.
    Parliaments typically don’t serve out their full terms in the stalwart US ally, but lawmakers elected in Kuwait’s last election in 2013 largely sided with the government as they served in the wake of Arab Spring protests.
    But the rise of the Islamic State group and the drop in global oil prices has caused growing concerns in this major OPEC member.
    The Cabinet was expected to resign, as those sitting on the 12-member board also likely will be contesting their parliamentary seats.
    Kuwait’s state-run television station and its news agency announced the parliament dissolving this afternoon, just a few hours after government officials held an emergency meeting.
    Option C

     

  2. China has launched two men into orbit in a project designed to develop its ability to explore space.
    An earlier Tiangong – or “Heavenly Palace” – space station was decommissioned earlier this year after docking with three rockets.
    The astronauts took off from the Jiuquan Satellite Launch Centre in northern China at 23:30 GMT on Sunday.
    The plan is for them to dock with and then spend 30 days on board the Tiangong 2 space station testing its ability to support life.
    This and previous launches are seen as pointers to possible crewed missions to the Moon or Mars.
    Option B

     

  3. The BRICS countries at the Summit in Goa on Sunday agreed to set up a rating agency for emerging markets.
    The new agency will be aimed at challenging western dominance in the world of credit rating agencies.
    Batting for a new credit rating agency backed by BRICS group, New Development Bank (NDB) President K V Kamath had on Saturday said methodologies of the big three global agencies – S&P Global Ratings, Fitch Ratings and Moody’s Investors Service – are constraining growth in emerging nations.
    “We have agreed to put in place the BRICS rating agency,” Prime Minister Narendra Modi said at the BRICS summit.
    The five BRICS countries – Brazil, Russia, India, China and South Africa – represent nearly half the world’s population and a quarter of its economy, at a combined $16.6 trillion.
    Option C

     

  4. Air India, which is operationally profitable now, is looking to rejig debt worth Rs 10,000 crore under the scheme for sustainable restructuring of bad assets floated by the Reserve Bank of India.
    To further strengthen the ability of lenders to tackle stressed assets and provide an avenue for reworking the financial structure of entities facing genuine problems, the central bank has introduced the Scheme for Sustainable Structuring of Stressed Assets (S4A).
    In case the proposal gets a green signal, it would be first time that a public sector undertaking avails the scheme.
    Introduced in June this year, the ‘S4A’ also came against the backdrop of rising concerns over non-performing assets (NPAs) in the banking system.
    Sources told PTI that Air India is actively looking at the possibility of availing ‘S4A’ to rejig debt to the tune of at least Rs 10,000 crore.
    Option C

     

  5. Directions(5-8): In each of the following questions a passage is given in which there is a blank. Choose the most logical and appropriate option from the five options given that can be filled in the blank.

  6. India, today took another major step in the fight against tax evasion, “round tripping” and “base erosion/profit shifting”. _________________________This step follows the recent amendment of the Double Taxation Avoidance Agreement with Mauritius.
    As in the case of Mauritius, the treaty with Cyprus had provided for residence- based taxation of capital gains.
    With the revision of the treaty now approved by the Cabinet, capital gains will be taxed in India for entities resident in Cyprus, subject to double tax relief.
    In other words, India will have the right to tax capital gains arising in India.
    The provisions in the earlier treaty for residence-based taxation were leading to distortion of financial and real investment flows by artificial diversion of various investments from their true countries of origin, for the sake of avoiding tax.
    The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing of an Agreement and the Protocol between the India and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income.
    Option E

     

  7. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the “Surrogacy (Regulation) Bill, 2016”. ______________________________________________The legislation will ensure effective regulation of surrogacy, prohibit commercial surrogacy and allow ethical surrogacy to the needy infertile couples.
    The Bill will regulate surrogacy in India by establishing National Surrogacy Board at the central level and State Surrogacy Boards and Appropriate Authorities in the State and Union Territories.
    India has emerged as a surrogacy hub for couples from different countries and there have been reported incidents concerning unethical practices, exploitation of surrogate mothers, abandonment of children born out of surrogacy and rackets of intermediaries importing human embryos and gametes.
    Widespread condemnation of commercial surrogacy prevalent in India has also been regularly published in different print-and electronic media since last few years highlighting the need to prohibit commercial surrogacy and allow ethical altruistic surrogacy.
    The 228th report of the Law Commission of India has also recommended for prohibiting commercial surrogacy and allowing ethical altruistic surrogacy to the needy Indian citizens by enacting a suitable legislation.
    No permanent structure is proposed to be created in the Draft Bill. Neither there are proposals for creating new posts.
    Option

     

  8. The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for development of 1120 kms of National Highways in the States of Karnataka, Odisha, Bihar, Rajasthan and West Bengal. The work for development to two lane standards are under Phase-I of the National Highways Interconnectivity Improvement Project (NHIIP) with World Bank assistance. _______________________.
    The proposal was initially approved for Rs.5,193 crore.
    The cost has increased due to higher bid prices, and increase in cost of land acquisition, resettlement and rehabilitation and other pre-construction activities.
    The projects are already taken up for implementation and 429 kms has been completed.
    The civil works are expected to be completed by July, 2019 and maintenance works are expected to be completed by July, 2024.
    The revised estimated cost is Rs. 6,461 crore including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities.
    Option E

     

  9. Odisha government on Tuesday approved a new policy with a target of making the state home to at least 1,000 start-ups over the next five years.The Odisha Start-up Policy (OSP), 2016, will be unveiled by Chief Minister Naveen Patnaik at an investors meet in Bengaluru next month.___________________.
    OSP envisages Odisha being among the top three start-up hubs in the country by 2020 through strategic partnerships, conducive ecosystem, investments and policy intervention.
    “The policy will be implemented within five years and comprises of three i.e. – Institutions, Industry and Incubation,” Chief Secretary A P Padhi told reporters here.
    The implementation of the policy would be monitored by a Start-up Council headed by the Chief Secretary and a Review Committee headed by Principal Secretary MSME, he said.
    The policy envisages usher in an innovative start-up ecosystem through creation of world class incubation centres, funding and supporting incentives structure at par with other states.
    He said a Start-up Capital Infrastructure Fund (up to Rs 25 crore) would be provided by the state government to the Department of MSME through budgetary provision.
    Option A

     

  10. Directions(9-10): Pick out the option which when used to start a sentence combines both the sentences in one.

  11. Around 1,200 suspects whose accounts were frozen by SBP were listed in category ‘A’ of the Anti-Terrorism Act, 1997, a term used for terrorists put on exceptional risk or high risk, the paper reported. Azhar has been included in the list’s top suspects whose accounts were frozen by the SBP, said officials of the Ministry of Interior and SBP.
    a) Further
    b) Following which
    c) As

    Only a
    Only b
    Only c
    Only a and b
    None of the above
    Option D

     

  12. The government had approached the Election Commission to help mitigate the difficulties faced by service voters while exercising their franchise. The technical team of the Election Commission has developed a system whereby a blank postal ballot could be electronically transmitted to the voter.
    a) To which
    b) Therefore
    c) Thus

    Only a
    Only b
    Only c
    Only b and c
    All
    Option E

     


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