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Directions (Q.1- 8): In the following passage there are blanks each of which has been numbered. These numbers are printed below the passage and against each, five words/phrases are suggested one of which fits the blank appropriately. Find out the appropriate word/phrase in each case:
Mr. Padmanabhan …(1)… that there were risks …(2)… with full capital account …(3)… . Yet, he felt that resisting liberalization over an extended period could prove futile and counter-productive. As the economy got more globalised, it would become harder to …(4)… closed capital accounts, Mr. Padmanabhan said. “…(5)… openness to international trade may create opportunities for …(6)… of capital account restrictions through under- and over-invoicing of trade transactions, and the increasing …(7)… of investors and global financial markets makes it much easier to do so,’’ he conceded. Corporates could use transfer pricing to get around capital account restrictions, he said. However, keeping any restriction for too long could prove self-defeating as people ended up finding new methods of bypassing that …(8)…, he added. Ipso facto, he felt, India should move towards full capital account convertibility. “There is simply no escape from it,’’ Mr. Padmanabhan asserted.
Q1. 1. conceded 2. retained 3. gained 4. concede 5. denied
Q2. 1. associate 2. associated 3. considerate 4. incorporate 5. conjoin
Q3. 1. inconvertibility 2. convertible 3. inconvertible 4. convertibility 5. exchangeable
Q4. 1. preserved 2. display 3. maintain 4. elevate 5. dissolve
Q5. 1. decreasing 2. increasing 3. increased 4. decreased 5. diminished
Q6. 1. escape 2. evade 3. dodge 4. circumvent 5. circumvention
Q7. 1. crude 2. sophistication 3. backward 4. naive 5. sophisticated
Q8. 1. restricted 2. construction 3. constructed 4. restriction 5. liberation
Directions (9- 10): Which of the phrase (a), (b), (c), (d) given below each sentences should replace the phrase printed in bold to make the sentence grammatically correct? If the sentence is correct as it is, mark (e) is ‘No correction required’ as the answer.
Q9. He has visited many places all over the city looked at the perfect location to set up his factory.
1. looking out 2. looking for 3. looking after 4. looked forward to 5. No correction required
Q10. No traffic will be allowed in this area since the minister visit scheduled today.
1. ministers visit 2. minister is visiting 3. minister’s visit is 4. visit of the minister 5. No correction required
Solution
