Hello Aspirants. Welcome to Online English Quiz in AffairsCloud.com. Here we are creating Best question samples from Reading Comprehension, which is common for all the IBPS/SBI/RRB/SSC-CGL/LIC ADO/LDC/Railways and other competitive exams. We have included Some questions that are repeatedly asked in bank exams !!!
Directions (1-10): Read the passage carefully and answer the questions given below it. Certain words/phrases have been given in bold to help you locate them while answering some of the questions.
A global investor has many choices for his money. No country is a natural choice as a top investment destination. But at times, history and geography conspire to position a nation to become such a choice.
Like China, which became the top destination for foreign direct investment two decades ago, the US, always a top contender, is becoming a destination choice driven by the fundamentally changed economics of energy with its discovery of shale gas. Among emerging economies, all the stars are aligned to push India ‘back to the future’ when it once was one of the leading economies of the world.
In global economy has very few bright spots. India is one of them. The crisis in Europe persists. China is slowing down and it is seeing a large shift of manufacturing capacity to other countries. Other large emerging economies like Russia, Brazil and South Africa face their own challenges.
Global investors do not have to be retold the fundamentals of the India Story. The country’s potential for one of the biggest infrastructure build-outs in the next few years is recognized. India’s need for a large amount of foreign capital to fuel its growth is established. The availability of highly-skilled engineers and scientists that has fuelled the setting up of R and D centres by many global companies is not questioned.
Unfortunately, India’s last decade has been one of unfulfilled potential. The heady GDP growth of 8% a few years ago had seen India feted at International for a for its economic performance and had investors lining up. But then, like the Indian cricket team, the country frittered away the huge economic momentum it had built. Growth rates fell to 4.5% the lowest decade.
Of course, many tried to explain away this slowdown, citing the global economic crisis and increasing commodity prices. But the fact remained that the heady growth of 8% hid some of the fundamental structural issues facing the country. India’s rating in the World Bank’s ‘Ease of Doing Business’ list was the lowest among the large developing economies.
All the factors of production-land, labour, power and raw materials-faced huge issues. Large investments were held up for a variety of reasons, and slow decision making was a big deterrent for investors. Instability in implementing tax laws and large tax demands being made on foreign investors seemed to be the last straw. Foreign direct investment slowed down and the investment cycle came to a near halt.
A clarion call for change was sounded by the Prime Minister when he announced, ”Come, Make in India!” While not devaluing the huge achievements made in the services sector, this call underlined the government’s resolve to transform the manufacturing sector, given its potential to create the millions of jobs that the country needs.
Every overseas trip by Narendra Modi reinforced this message of the new government’s ‘industry-friendly’ approach and its resolve to make India a top investment destination.
1. Why is India considered a bright spot in the context of global economy?
A) Emerging economies like Russia, Brazil and South Africa have problem of their own.
B) Indian economy has already bottomed out and now only a better economy is possible.
C) The economy of China is slowing down and there persists economic crisis in Europe.
a) Only (A) and (B)
b) Only (B) and (C)
c) Only (A) and (C)
d) All (A),(B) and (C)
e) None of these
2). Which of the following plays an important role for investors while deciding investment destination? Answer in the context of the passage.
A. Potential of economic growth.
B. The current position of foreign investment barriers
C. History and geographical position of a nation
D. Government policies to attract foreign investors
E. Not mentioned in the given passage.
3. Find the incorrect statement on the basis of the given passage.
A. The stars are in favour of India, and want it to regain its glorious past as one of the leading economies of the world.
B. India imports over seventy per cent of its oil requirements.
C. India’s last decade could not do better despite having a huge potential.
D. The discovery of shale gas in China has helped reduce its dependency on the Gulf countries for its oi requirements.
None of these
4. Which of the following proved to be a big deterrent for foreign investment in India? Answer in the context of the passage.
A) Large tax demands made on foreign investors
B) Stability in implementing tax laws.
C) Slow rate of decision making
a) Only (A)
b) Only (B)
c) Only (C)
d) Only (A) and (B)
e) All (A), (B) and (C)
5. What is the main intension of the Prime Minister Modi behind announcing Come, Make in India!”? Answer in the context of the passage.
A) To transform India into a global manufacturing hub
B) To provide jobs to thousands of unemployed Indian youths
C) To woo foreign institutional investors to invest in India
a) Only (A) and (B)
b) Only (B) and (C)
c) Only (A) and (C)
d) All (A),(B) and (C)
e) Only (A)
Directions (Q.6-8): Choose the word/group of words which is Most SIMILAR in meaning to the word/group of words printed in bold as used in the passage.
6. Feted
A. rejected
B. thought
C. doomed
D. abandoned
E. celebrated
7. Bottomed out
A. to be positive
B. to be successful
C. to reach the lowest level
D. to throw away
E. dismissed
8. Last straw
A. breaking point
B. victory
C. accomplishment
D. achievement
E. surrender
Directions(Q.9-10): Choose the word/group of words which is MOST OPPOSITE in meaning of the word/group of words printed in bold as used in the passage.
9. Conspire
A. collude
B. neglect
C. connive
D. manoeuvre
E. cook up
10. Contender
A. rival
B. contestant
C. foe
D. ally
E. enemy
