English Practice for IBPS PO/ Clerk/ RRB/ NIACL 2018: Sep 2018
Directions (Q. 1-3): Given below is a set of statements, viz (I), (II), (III), (IV) and (V). Read them to answer the questions that follow.
(I) Bitcoins are scarce.
(II) When things are scarce and people want those things, their value will ultimately rise.
(III) Bitcoins can’t be copied, reversed or counterfeited.
(IV) As transactions are made without middlemen, its value is increasing.
(V) So, investors must have the financial ability, experience and willingness to bear the risks of an investment, and a potential loss of their investment.
(I) Bitcoins are scarce.
(II) When things are scarce and people want those things, their value will ultimately rise.
(III) Bitcoins can’t be copied, reversed or counterfeited.
(IV) As transactions are made without middlemen, its value is increasing.
(V) So, investors must have the financial ability, experience and willingness to bear the risks of an investment, and a potential loss of their investment.
1. Which of the following sentences can REPLACE statement II in the given context completely?
1) It is worth noticing that over the decades, money has lost a lot of its value.
2) Bitcoin, as it was proposed, is actually the modernised version of the world’s oldest commodity, gold.
3) The value of things increases when demand is greater than supply.
4) The valuation of the bitcoin has doubled in just a few months.
5) None of these
2) Bitcoin, as it was proposed, is actually the modernised version of the world’s oldest commodity, gold.
3) The value of things increases when demand is greater than supply.
4) The valuation of the bitcoin has doubled in just a few months.
5) None of these
2. Which of the following statements can be a suitable choice that follows statement (II)?
1) Supply and demand are at work.
2) Blockchain technology is groundbreaking because it allows transactions to be processed without recourse to a central authority.
3) Business and services can be decentralised, cutting out costly middlemen and removing single points of failure.
4) The legal status of digital currencies is undefined in India.
5) None of these
2) Blockchain technology is groundbreaking because it allows transactions to be processed without recourse to a central authority.
3) Business and services can be decentralised, cutting out costly middlemen and removing single points of failure.
4) The legal status of digital currencies is undefined in India.
5) None of these
3. Which of the following sentences can be placed in between statement (II) and (IV) without altering the context of the paragraph?
1) The biggest problem with our current dollars and other currencies used around the world is inflation.
2) It is digital money that solves many of the problems our current currencies suffer from.
3) A bitcoin-mining company in Slovenia was hacked for the possible theft of tens of millions of dollars, just days before the virtual currency was to start trading on major US exchanges.
4) But if a thief gains access to a Bitcoin owner’s computer hard drive and steals his private encryption key, he could transfer the stolen bitcoins to another account.
5) None of these
2) It is digital money that solves many of the problems our current currencies suffer from.
3) A bitcoin-mining company in Slovenia was hacked for the possible theft of tens of millions of dollars, just days before the virtual currency was to start trading on major US exchanges.
4) But if a thief gains access to a Bitcoin owner’s computer hard drive and steals his private encryption key, he could transfer the stolen bitcoins to another account.
5) None of these
4. In the question given below, parts of sentences are jumbled up. Arrange them sequentially in order to form a correct and coherent sentence.
1) Diversifying life insurance companies’ investment portfolio into equity, real estate, corporate bonds and some other asset classes to boost returns for policy holders it is notable and welcome that on expert committee constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has recommended.
2) An expert committee constituted by the insurance Regulatory and Development Authority of India (IRDAI) has recommended diversifying life insurance companies’ investment portfolio into equity, real estate, corporate bonds and some other asset classes it is notable and welcome that to boost returns for policy holders.
3) It is notable and welcome that an expert committee constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has recommended diversifying life insurance companies’ investment portfolio into equity, real estate, corporate bonds and some other asset classes to boost returns for policy holders.
4) It is notable and welcome that an expert committee constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has recommended to boost returns for policy holders diversifying life insurance companies’ investment portfolio into equity, real estate, corporate bonds and some other asset classes.
5) To boost returns for policy holders it is notable and welcome that diversifying life insurance companies investment portfolio into equity, real estate, corporate bonds and some other asset classes an expert committee constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has recommended.
2) An expert committee constituted by the insurance Regulatory and Development Authority of India (IRDAI) has recommended diversifying life insurance companies’ investment portfolio into equity, real estate, corporate bonds and some other asset classes it is notable and welcome that to boost returns for policy holders.
3) It is notable and welcome that an expert committee constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has recommended diversifying life insurance companies’ investment portfolio into equity, real estate, corporate bonds and some other asset classes to boost returns for policy holders.
4) It is notable and welcome that an expert committee constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has recommended to boost returns for policy holders diversifying life insurance companies’ investment portfolio into equity, real estate, corporate bonds and some other asset classes.
5) To boost returns for policy holders it is notable and welcome that diversifying life insurance companies investment portfolio into equity, real estate, corporate bonds and some other asset classes an expert committee constituted by the Insurance Regulatory and Development Authority of India (IRDAI) has recommended.
Directions (Q. 5-10): In the passage given below there are blanks which are to be filled with the options given below. Find out the appropriate pair of words in each case which can most suitably complete the sentence without alternating the meaning of the statement.
It is welcome that telecom regulator Trai has (5) fairly strict norms of network neutrality (NN) for India’s networks. There is (6) no reasons for India to follow the (7) lead of the Trump administration’s new Federal Communications Commission, whose NN rollback faces considerable domestic opposition. NN is what a nation needs to (8) the creative potential of its people. In its absence, companies that can buy privileged access to their own sites or pay networks to retard consumer (9) to their competitors’ sites would be able to effectively block out new competition. NN, on the other hand, makes it easier – of course, there are other things at play than equitable access to the internet – for creativity to trump (10) money-power.
5. 1) launched/criticised
2) set up/implemented
3) brought/revoked
4) recommended/suggested
5) made/induced
2) set up/implemented
3) brought/revoked
4) recommended/suggested
5) made/induced
6. 1) certainly/wilfully
2) absolutely/definitely
3) recently/extremely
4) when/actually
5) purportedly/allegedly
2) absolutely/definitely
3) recently/extremely
4) when/actually
5) purportedly/allegedly
7. 1) mundane/exclusive
2) serious/executive
3) practical/primary
4) stupid/dejected
5) hare-brained/silly
2) serious/executive
3) practical/primary
4) stupid/dejected
5) hare-brained/silly
8. 1) unleash/letloose
2) acquit/limit
3) restrain/exempt
4) enslave/wipe
5) extricate/exculpate
2) acquit/limit
3) restrain/exempt
4) enslave/wipe
5) extricate/exculpate
9. 1) excess/approach
2) accede/surrender
3) access/entry
4) egress/attendance
5) introduction/possession
2) accede/surrender
3) access/entry
4) egress/attendance
5) introduction/possession
10. 1) more/reject
2) most/accept
3) mixed/use
4) mere/absolute
5) exclusive/particular
2) most/accept
3) mixed/use
4) mere/absolute
5) exclusive/particular
Answers:
1. 3
2. 1
3. 5
4. 3
5. 4
6. 2
7. 5
8. 1
9. 3
10. 4
2. 1
3. 5
4. 3
5. 4
6. 2
7. 5
8. 1
9. 3
10. 4
