Mixed English Questions for SBI Clerk and Other Exams — Set 448

Directions(1-8): Read the passage given below and then answer the questions given below the passage.

  1. The Goods and Services Tax (GST) Council failed to reach a consensus on critical issues, including the laws that need to be passed in the winter session in order to stick to the April 1, 2017 rollout date set by the Centre. With the pending legislations, including the draft model GST law, as well as the contentious issue of dual administrative control over assesses between the Centre and the States remaining unresolved, the GST Council would now meet on December 11and 12. While the effect of demonetization on the economy and on the states is outside the purview of the GST Council, Mr. Jaitley said that, on the behest of the state representatives, he wrapped up the Council meeting early and allowed the states to voice their grievances on demonetization. Some of the states, the minister said, suggested an increase in the Fiscal Responsibility and Budget Management targets while others called for a relaxation of the ways and means limits. “Our target is still April 1, and our options are anyway limited,” Mr. Jaitley said. “The earliest we can bring it in is April 1 and the latest is September 16,which is five months and 15 days later.” “I am happy that all the states raised their voices on demonetization,”
    West Bengal Finance Minister Amit Mitra told reporters following the meeting. “Because revenue will be affected, all states are deeply concerned about compensation since earlier compensation was based on the single issue of GST. Now there is the dual issue of GST and demonetisation.” Earlier in the day, Kerala Finance Minister Thomas Isaac said that demonetization would result in a fall in production worth Rs. 2.5 lakh crore, adding that the cash crunch wouldalso impact state revenue. “Tax collection can be 50 per cent lower this month as there is no business in Delhi markets,” Manish Sisodia, Deputy Chief Minister of Delhi tweeted on Saturday. “If so, it would be hard to pay salaries of govt employees… same concern is being expressed by many state FMs in the GST council in the presence of Finance Minister.” “One would hope that there would be headway in the next Council meeting. It looks increasingly difficult to get the GST laws passed in the winter session of the Parliament.
    And if that doesn’t happen, then April 1 looks unlikely,” said Pratik Jain, partner and leader (indirect tax) at PwC India, stressing that this is a disappointing outcome for industry. “We went over the central GST and state GST draft legislation clause by clause,” the finance minister said. “Nine chapters in each of the legislations were discussed. We are moving towards a consensus on the laws. We will discuss them further on December 11 and 12.”

    What is the main idea of the given passage?

    NSC Council fails to reach consensus on key issues.
    The effect of unemployment on the economy.
    GST Council fails to reach consensus on key issues as a consequence of the demonetization move.
    Roll out date set by the Center.
    The laws that need to be passed in the winter session.
    Option C
    The entire passage talks about how the GST Council failed to reach a consensus on critical issues. It further says that the demonetization move has been a major cause which has led to this. It has been discussed in the passage that due to demonetization, the production, as well as the tax collection, could be lower.

     

  2. What according to the passage is outside the purview of the GST Council?
    The revenue generated from the economy and the states.
    The positive effects of demonetization on the economy.
    The betterment of the citizens.
    The cancellation of parliamentary sessions.
    The effect of demonetization one economy and the states.
    Option E
    According to the first paragraph of the passage, ‘
    While the effect of demonetization on the economy and on the states is outside the purview of theGST…’.
    Thus, option E is the best fit answer.

     

  3. With what agenda would the GST Council meet on December 11 and 12?
    To get the bill ultimately passed with the majority consensus.
    To resolve the cash crunch.
    To discuss on the issue of production of goods in the economy.
    With the draft model of the GST law, and the issue of dual administrative control between the Centre and the States.
    With the draft model law of the party in power.
    Option D
    It has been stated in the first paragraph of the passage, ‘ With the pending legislation, including the draft model GST law, as well as the contentious issue of dual administrative control over assesses between the Centre and the States remaining unresolved, the GST Council would now meet on December 11and 12.’
    This indicates that option D is the best-fit answer.

     

  4. In the context of the passage, what can be inferred about the view of Finance Ministers of the States in relation to the demonetization move?
    They have welcomed it with enthusiasm.
    They are indifferent about it.
    They want to see a long term effect of the move before they react to the move.
    They are unhappy with it.
    Cannot be inferred from the given passage.
    Option D
    The second paragraph of the passage talks about the opinions of the Finance Ministers of the States on how the demonetization move would affect the GST. From the statements of the ministers, it can be inferred that they are not very happy with the move as it would have several negative consequences which include:
    a fall in production… leading to cash crunch; a fall in production; and difficulty in paying salaries of govt employees.

     

  5. In which of the following are you likely to find the above passage?
    Newspaper report.
    An academic thesis.
    A piece of fiction.
    A book on political science.
    None of the above
    Option A
    The given passage gives a report on the GST Council that failed to reach a consensus on critical issues and how is it related to the demonetization move. The passage is a factual account and reports events as well as statements and opinions of several authoritative figures concerned with the matter.

     

  6. What were the grievances voiced by the states on demonetization?
    An increase in the Fiscal Responsibility.
    A relaxation of the ways and means limits.
    The cash crunch needed to be highlighted.
    A suggestion of increase in the Fiscal Responsibility and Budget Management targets as well as relaxation of the ways and means limits.
    The people should be given extra money
    Option D
    According to the first paragraph of the given passage, some of the states, suggested an increase in the Fiscal Responsibility and Budget Management targets while others called for a relaxation of the ways and means limits.

     

  7. How according to the Kerala Finance Minister would demonetisation impact State revenue?
    It would not impact state revenue for at least a month.
    It would never impact state revenue.
    Demonetization would result in a production loss of Rs. 2.5 lakh crore, affecting state revenue.
    Demonetization would result in a production loss of Rs.5 lakh crore.
    The cash crunch would have a mild impact on the state revenue.
    Option C
    According to the second paragraph of the given passage, Kerala Finance Minister Thomas Isaac said that demonetization would result in a fall in production worth Rs.2.5 lakh crore, adding that the cash crunch would also impact state revenue.

     

  8. What concern is being expressed by the Finance Ministers of Delhi in the GST council?
    It would be easy to pay salaries of govt employees.
    It would be hard to pay salaries of govt employees.
    Tax collection can be 25 per cent lower this month.
    Tax collection can be 75 per cent lower this month.
    Tax collection can be 50 per cent lower making it hard to pay salaries of the government employees.
    Option E
    According to the passage ,“Tax collection can be 50 per cent lower this month as there is no business in Delhi markets,” Manish Sisodia, Deputy Chief Minister of Delhi tweeted on Saturday. “If so, it would be hard to pay salaries of govt employees… same concern is being expressed by many state FMs in the GST council in the presence of Finance Minister.”

     

  9. Directions(9-10): In the following sentence, a part of the sentence has been printed in bold. One of the bold parts is not acceptable in Standard English. Pick up that part and mark its number. If there is no error in the bold parts, mark (E) i.e. ‘No error’ as the answer.

  10. The speaker (spoke) with such (condition) that the whole (crowd) seemed (convinced).

    Spoke
    Condition
    Crowd
    Convinced
    All are correct
    Option B
    The error lies in the second part, condition. The context implies that the word should be ‘conviction’ or a strongly held belief, as the crowd seemed convinced.

     

  11. Sahil could not hear a (syllabus) of what Saloni (uttered) due to the (loud) (noise) in the club.
    Syllabus
    Uttered
    Loud
    Noise
    All are correct
    Option A
    The error lies in the first part, syllabus, which means a planned curriculum. According to the context of the sentence, the word should be ‘syllable’, which means a sound of a word.

     

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