English for SBI Clerk/Syndicate Bank

Directions (1-5): The sentence has two blanks. Each blank indicates that something has been omitted. Choose the words that best fit the meaning of the sentence as a whole.

1. When we are trying to ______ that the farmers do well, it is important for us to make credit ______ to them so that they can leverage and do better.

1) steer, bear

2) evolve, implicit

3) ensure, available

4) leash, hostile

5) dispel, extensive

2. HCL technologies has _______ a growing list of IT companies that are considering buybacks to _______  shareholder’s value.

1) inflicited, traverse

2) hassled, allay

3) preserved, draft

4) rouged, prevail

5) joined, boost

3. The impact of demonetisation was most ________ in the cash-dpendent mutual fund industry with collections  ____ to around 70% nationwide from 99% in general.

1) succoured , mentoring

2) pronounced, dipping

3) imperiled, bobbing

4) toggled, retaining

5) availed, demystifying

4. Indian soyameal exports have been _______ noncompetitive due to the _____ of the Indian rupee and heavy influx of imported edible oil.

1) augured, demarcation

2) deemed, provision

3) rendered, appreciation

4) emerged, acquisition

5) swapped, amendment

5. Unless the import duty is ______ on gold, smuggling will _______. 

1) embedded, disparage

2) entailed, repeal

3) inflated, wreak

4) reduced, continue

5) policed, insulate

Directions (Q. 6-10) : Rearrange the following six sentences (A), (B), (C), (D),(E) and (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below. 

A) Auditors who were used to benign terms such as audit report and qualifications had to get used to harsher ones like imprisonment, internal financial controls and frauds.

B) Of late, a notification from the Ministry of Corporate Affairs has set out how the statutory, cost and secretarial auditors should report a fraud.

C) While regulating companies, the 2013 version seemed to train its gun on the people who ran the company (directors) and reported on its financial statements (auditors).

D) The 1956 version of the Act attempted this but in the process become too bulky unwittingly. 

E) By definition, the companies Act is a legislation meant to regulate companies.

F) The twin accounting accidents of Satyam and Sahara jolted the government to bring out a new version in 2013.

6. Which of the following would be the ‘FIRST’ sentence after the rearrangement?

1) A         2) B            3) C             4) D                5) E

7. Which of the following would be the ‘SECOND’ sentence after the rearrangement?

1) A         2) B            3) C             4) D                5) E

8. Which of the following would be the ‘THIRD’ sentence after the rearrangement?

1) B         2) C            3) F             4) A                 5) D

9. Which of the following would be the ‘FIFTH’ sentence after the rearrangement?

1) A         2) B            3) C            4) D                 5) E

10. Which of the following would be the ‘SIXTH’ (LAST) sentence after the rearrangement?

1) A         2) B           3) C            4) D                5) F

Answers:

1. 3; When we are trying to ensure that the farmers do well, it is important for us to make credit available to them so that they can leverage (the use of credit or borrowed money to increase the earning potential) and do better.
2.  5; Buyback of shares is a method of financial engineering. The main aim of buybacks is to improve shareholder value by utilizing the company’s surplus funds. So, ‘HCL Technologies’ has joined a growing list of IT companies that are considering buy-backs to boost shareholder value.
3. 2; The North-South divide is becoming more and more pronounced (obvious/noticeable). In the same line of thought, ‘The impact of demonetization was most pronounced (evident) in the cash-dependent mutual fund industry with collections dipping (dropping) to around 70% nationwide from 99% in general.’
4. 3; The rains rendered (made, caused) his escape impossible. Similarly, ‘Indian soya-meal exports have been  rendered (caused, culminated) noncompetitive due to the appreciation (increase in monetary value) of the Indian rupee and heavy influx (inflow, inundation) of imported edible oil.’ 
5. 4; A reduction in import duty on gold will make its imports relatively cheaper and thus possessing it in an  illegal way will certainly be discouraged. So, ‘Unless the import duty is reduced on gold, smuggling will ‘continue.’
6. 5
7. 4
8. 3
9. 1
10. 2

Q. 06 -10 (Arrangement)

• E) By definition, the Companies Act is a legislation meant to regulate companies. (sounds worthy of an opening remark) 
• D) The 1956 version of the Act (Company Act) attempted this (an act of regulation) but in the process become too bulky unwittingly. 
• F) The twin accounting accidents of Satyam and Sahara jolted the government to bring out a new version in 2013.
• C) While regulating companies, the 2013 version seemed to train its gun on the people who ran the company (directors) and reported on its financial statements (auditors).
• A) Auditors who were used to benign (mild) terms such as audit report and qualifications had to get used to harsher ones like imprisonment, internal financial controls and frauds.
• B) Of late, a notification from the Ministry of Corporate Affairs has set out how the statutory, cost and secretarial auditors should report a fraud.