English Test for SBI PO 2018 Prelim Exam Set – 63

Hello Aspirants

State Bank of India (SBI) is going to conduct examination for its recruitment for the post of Probationary Officers (SBI PO 2018) for a total of 2000 vacancies.

Click here to know the details of the Examination

The examination will be held in three phases i.e. Preliminary Examination, Main Examination and Group Exercise & Interview. The Preliminary Exam is scheduled on 1st, 7th & 8th of July 2018. Details of the exam are as under:

Practice the questions so as to familiarize yourself with the pattern of questions to be asked in the exam. 


 

Directions: In the passage given below there are 5 blanks. Every blank has four alternative words given in options (A),(B),(C), and (D). You have to tell which word is APPROPRIATE according to the context. If all are appropriate then mark your answer as “E”.

Bond investors are ready to forgive such slip-ups. They do not have much choice. The yield on ten-year Treasuries is 2.26%, not much more than inflation in America. A basket of high-yield corporate (or “junk”) bonds pays less than 6%. Yet despite a long period of low short-term interest rates in America, inflation is still ___1___. So the Federal Reserve seems unlikely to raise interest rates much ___2___. “Investors have concluded that we’re not going to get meaningfully higher yields on safe assets,” says David Riley, of BlueBay Asset Management. In this context, lowly-rated sovereign eurobonds can look appealing. Indeed the weight of money has driven the average yield on such “frontier-market” bonds below 7%, according to Stuart Culverhouse, of Exotix, a broker. The ___3___ for ever-riskier bets recalls the recklessness that led up to the financial crisis, which began a decade ago this week. What is different, though, is the absence of euphoria. Few seem to want to cheer the ___4___ in risky eurobonds. But nor do they want to ___5___ against it.

  1. quiescent
    lively
    vigorous
    peppy
    All are Correct
    Option A

     

  2. assist
    further
    besides
    facilitate
    All are Correct
    Option B

     

  3. repugnance
    disgust
    appetite
    reluctance
    All are Correct
    Option C

     

  4. falter
    descent
    decline
    rally
    All are Correct
    Option D

     

  5. bet
    estimate
    acquiesce
    venture
    All are Correct
    Option A

     

  6. Directions: In each of the following questions there are sentences. There is error in one of the parts. Mark the option which contains error parts as your answer. If no part contains error mark option E as your answer.

  7. (A) A common complaint is that rich-world central banks are to blame—for keeping rates too low and for /(B) studiously avoiding any action or statement that might nonsettle the markets (and make investors more jumpy). /(C) Other culprits include low-cost “passive” fund managers and exchange-traded funds, /(D) which track a basket of government bonds, such as J.P. Morgan’s emerging-market bond index, known as the EMBI.
    A
    B
    C
    D
    NE
    Option B
    nonsettle = unsettle

     

  8. (A) It is easy to suspect that this episode, like so many before it, will end badly, /(B) but hard to be known exactly when or how. /(C) Frontier-market specialists sense a greater interest in their bailiwick /(D) from crossover (non-specialist) investors, also known as “tourists”, who are likelier to misjudge the odds of a default.
    A
    B
    C
    D
    NE
    Option B
    to be known = to know

     

  9. (A) Yvette Babb, of J.P. Morgan, calculates that 37% of the stock of Ghana’s /(B) public debt is already held by foreigners. The effective interest rate /(C) it pays on domestical debt is around 16%. The weight of long-term investors is “substantial”, /(D) she says, so the risks of a knee-jerk sell-off are low.
    A
    B
    C
    D
    NE
    Option C
    domestical = domestic

     

  10. (A) Where can you find a 7% interest rate on a sovereign dollar-bond? /(B) You would have to take a time-machine to the mid-1990 to find such a /(C) yield on a ten-year American Treasury. Alternatively, you could slip back a few /(D) days to August 2nd and bid for the $1bn of five-year bonds sold by the government of Iraq.
    A
    B
    C
    D
    NE
    Option B
    mid-1990 = mid-1990s

     

  11. (A) The Iraqi sale came just a week after Greece (whose privately held debt /(B) was partly written off in 2012) raised €3bn ($3.5bn) in its /(C) first bond sale for three years. In June Argentina was inundated with bids /(D) for its 100-year eurobond, as dollar-denominated bonds are known.
    A
    B
    C
    D
    NE
    Option E

     


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