Directions: Read the following passage and answer the questions that follows. The merger of the Forward Markets Commission(FMC) with Securities and Exchange Board of India(SEBI) is a major milestone for the commodity futures market in India. This idea is not new; it was floated seriously at least 12 years back when the commodity market was revived and three national-level exchanges…
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Directions: Read the following passage and answer the questions that follows. As the government prepares to empty its failing candidates and heads for the hot and dusty plains to solicit votes, it is visibly exuding optimism about the economy. According to its non-elected representatives, all the lead indicators seem to be showing signs of a revival with the first glimmer…
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Directions: Read the following passage and answer the questions that follows. The fines paid to America’s financial regulators by errant bankers vary enormously these days: from sky-high to stratospheric. Deutsche Bank is fighting a demand for $14bn. BNP Paribas paid $9bn last year for facilitating the evasion of American sanctions. So eyebrows were raised at the final settlement disclosed this…
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Directions: Read the following passage and answer the questions that follows. The three investment funds from which BNP suspended redemptions in August 2007 held less than 0.5% of the money the French bank managed at the time. Yet these humble entities turned out to be the proverbial canaries in the coal mine: their spasm was one of the first signs…
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Directions: Read the following passage and answer the questions that follows. India is the second most populous country, with over 1.3 billion people or about one-sixth of the global population. We are projected to be the most populous country by 2022 and the population s expected to reach 1.6 billion by 2050. More than 50 % of the people are…
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Directions: Read the following passage and answer the questions that follows. Top politicians of India’s ruling coalition boast that China’s economic crisis should be viewed as an opportunity for India to capture a bigger global export share in manufacturing and grow faster. With India being the only BRIC nation growing by 7% plus, it’s not long before India will overtake…
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Directions: Read the following passage and answer the questions that follows. We are told that the economy is growing and that such growth benefits all of us. However, what you see is not always what you get. Most people are experiencing declining economic security in response to the problems of the global system. Many communities have turned to Local Exchange…
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Directions: Read the following passage and answer the questions that follows. July 15, 2010 turned out to be a historic day, as the Indian rupee got much awaited symbol, just like other leading currencies of the world, viz Dollar, Euro, Pound Sterling and the Yen. The new symbol of rupee is an amalgamation of Devanagari ‘Ra’ and the Roman ‘R’…
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Directions: Read the following passage and answer the questions that follows. NOVEMBER 8th was not just the day of Donald Trump’s election. It was also when Indians found out most banknotes would lose all value unless promptly exchanged. Ever since, many have expected their patience in enduring the ensuing chaos to be rewarded in some way. Might scrapped cash unredeemed…
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Directions: Read the following passage and answer the questions that follows. It was telling that Germany, a country with a phobia of rising prices, in the first week of 2017 reported a jump in inflation. Its headline rate rose from 0.8% to 1.7% in December. After two years of unusually low price pressures, inflation across the rich world is set…
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