Language Comprehension Test - 32

Directions: Read the following passage and answer the given question:

The Great Recession has not been great for free trade. As unemployment has risen throughout the world, governments have become more focused on protecting their own industries than on promoting international commerce. The US, though typically an enthusiastic supporter of open markets, has included "buy American" clause in its stimulus package and propped up its flailing auto industry with handouts. But according to the Asian Development Bank (ADB), in the part of the world that was hit hardest by the trade crash - Asia, the number of Free Trade Agreements (FTAs) signed by Asian countries has grown from just three in 2000 to fifty-six by the end of August 2009. Nineteen of those FTAs are among 16 Asian economies, a trend that could help the region become a powerful trading block. The drive to lower trade barriers has taken on fresh urgency amid the recession. As Asian manufacturing networks become more intertwined, and as Asian consumers become wealthier, regional commerce is becoming critical to future economic expansion. Intraregional trade last year made up 57% of total Asian trade, up from 37% in 1980. In the past, Asia produced for America and Europe, now Asia is producing for Asia.

Of course, Asia is still dependent for sales on the West. But FTAs could reduce the region's exposure to the US by giving Asian companies preferential treatment in selling to Asian companies and consumers. However, these benefits could come with downsides. According to the experts, FTAs create a non-level playing field with advantages for Asian countries. If, the most dynamically growing part of the global economy gives the US restricted access, it will impact global balance. Companies in countries like the US which left out of the trade pacts could face disadvantages, when they will try to tap fastgrowing Asian markets. This, in turn, could have a negative impact on efforts to rebalance excessive debt in the US and excessive savings in Asia. Still, the benefits of greater regional integration could prove powerful enough to overcome the roadblocks. If they do, the world economy may never be the same.

Directions: Read the following passage and answer the given question:

The Great Recession has not been great for free trade. As unemployment has risen throughout the world, governments have become more focused on protecting their own industries than on promoting international commerce. The US, though typically an enthusiastic supporter of open markets, has included "buy American" clause in its stimulus package and propped up its flailing auto industry with handouts. But according to the Asian Development Bank (ADB), in the part of the world that was hit hardest by the trade crash - Asia, the number of Free Trade Agreements (FTAs) signed by Asian countries has grown from just three in 2000 to fifty-six by the end of August 2009. Nineteen of those FTAs are among 16 Asian economies, a trend that could help the region become a powerful trading block. The drive to lower trade barriers has taken on fresh urgency amid the recession. As Asian manufacturing networks become more intertwined, and as Asian consumers become wealthier, regional commerce is becoming critical to future economic expansion. Intraregional trade last year made up 57% of total Asian trade, up from 37% in 1980. In the past, Asia produced for America and Europe, now Asia is producing for Asia.

Of course, Asia is still dependent for sales on the West. But FTAs could reduce the region's exposure to the US by giving Asian companies preferential treatment in selling to Asian companies and consumers. However, these benefits could come with downsides. According to the experts, FTAs create a non-level playing field with advantages for Asian countries. If, the most dynamically growing part of the global economy gives the US restricted access, it will impact global balance. Companies in countries like the US which left out of the trade pacts could face disadvantages, when they will try to tap fast growing Asian markets. This, in turn, could have a negative impact on efforts to rebalance excessive debt in the US and excessive savings in Asia. Still, the benefits of greater regional integration could prove powerful enough to overcome the roadblocks. If they do, the world economy may never be the same.

Directions: Read the following passage and answer the given question:

The Great Recession has not been great for free trade. As unemployment has risen throughout the world, governments have become more focused on protecting their own industries than on promoting international commerce. The US, though typically an enthusiastic supporter of open markets, has included "buy American" clause in its stimulus package and propped up its flailing auto industry with handouts. But according to the Asian Development Bank (ADB), in the part of the world that was hit hardest by the trade crash - Asia, the number of Free Trade Agreements (FTAs) signed by Asian countries has grown from just three in 2000 to fifty-six by the end of August 2009. Nineteen of those FTAs are among 16 Asian economies, a trend that could help the region become a powerful trading block. The drive to lower trade barriers has taken on fresh urgency amid the recession. As Asian manufacturing networks become more intertwined, and as Asian consumers become wealthier, regional commerce is becoming critical to future economic expansion. Intraregional trade last year made up 57% of total Asian trade, up from 37% in 1980. In the past, Asia produced for America and Europe, now Asia is producing for Asia.

Of course, Asia is still dependent for sales on the West. But FTAs could reduce the region's exposure to the US by giving Asian companies preferential treatment in selling to Asian companies and consumers. However, these benefits could come with downsides. According to the experts, FTAs create a non-level playing field with advantages for Asian countries. If, the most dynamically growing part of the global economy gives the US restricted access, it will impact global balance. Companies in countries like the US which left out of the trade pacts could face disadvantages, when they will try to tap fastgrowing Asian markets. This, in turn, could have a negative impact on efforts to rebalance excessive debt in the US and excessive savings in Asia. Still, the benefits of greater regional integration could prove powerful enough to overcome the roadblocks. If they do, the world economy may never be the same.

Directions: In the given passage, there are words/groups of words highlighted in bold and underlined. You have to decide if the word/group of words given is correct (in terms of grammar and context). If not, find out the appropriate word/group of words from the given options. In case, the suggested word/group of words is correct, mark the option 'The given word(s) is/are correct' as your answer.

Good manners __(i)__ stand next to a good heart in adapting men and women to the community in which they live. Indeed, so far as the __(ii)__ mind of ordinary society matters, good manners go further, for however gifted by nature or education one maybe, or however well-intentioned and __(iii)__ benefitting in conduct, if he is __(iv)__ unknown of the customs and requirements of good society, is awkward or __(v)__ looking bad in manner, careless in speech, and heedless of social demands, and even of the arbitrary dictates of fashion, he risks exposing himself to __(vi)__, joke and may be __(vii)__ disabled or condemned, while men far below him in character and ability, but with superior knowledge of correct social deportment, may become the admired favourites of the world. In short, it may be said that success in life often depends far more on appearance and deportment than on __(viii)__ domestic character.

Directions: In the given passage, there are words/groups of words highlighted in bold and underlined. You have to decide if the word/group of words given is correct (in terms of grammar and context). If not, find out the appropriate word/group of words from the given options. In case, the suggested word/group of words is correct, mark the option 'The given word(s) is/are correct' as your answer.

Good manners __(i)__ stand next to a good heart in adapting men and women to the community in which they live. Indeed, so far as the __(ii)__ mind of ordinary society matters, good manners go further, for however gifted by nature or education one maybe, or however well-intentioned and __(iii)__ benefitting in conduct, if he is __(iv)__ unknown of the customs and requirements of good society, is awkward or __(v)__ looking bad in manner, careless in speech, and heedless of social demands, and even of the arbitrary dictates of fashion, he risks exposing himself to __(vi)__, joke and may be __(vii)__ disabled or condemned, while men far below him in character and ability, but with superior knowledge of correct social deportment, may become the admired favourites of the world. In short, it may be said that success in life often depends far more on appearance and deportment than on __(viii)__ domestic character.

Directions: Read the following passage and answer the given question:

The Great Recession has not been great for free trade. As unemployment has risen throughout the world, governments have become more focused on protecting their own industries than on promoting international commerce. The US, though typically an enthusiastic supporter of open markets, has included "buy American" clause in its stimulus package and propped up its flailing auto industry with handouts. But according to the Asian Development Bank (ADB), in the part of the world that was hit hardest by the trade crash - Asia, the number of Free Trade Agreements (FTAs) signed by Asian countries has grown from just three in 2000 to fifty-six by the end of August 2009. Nineteen of those FTAs are among 16 Asian economies, a trend that could help the region become a powerful trading block. The drive to lower trade barriers has taken on fresh urgency amid the recession. As Asian manufacturing networks become more intertwined, and as Asian consumers become wealthier, regional commerce is becoming critical to future economic expansion. Intraregional trade last year made up 57% of total Asian trade, up from 37% in 1980. In the past, Asia produced for America and Europe, now Asia is producing for Asia.

Of course, Asia is still dependent for sales on the West. But FTAs could reduce the region's exposure to the US by giving Asian companies preferential treatment in selling to Asian companies and consumers. However, these benefits could come with downsides. According to the experts, FTAs create a non-level playing field with advantages for Asian countries. If, the most dynamically growing part of the global economy gives the US restricted access, it will impact global balance. Companies in countries like the US which left out of the trade pacts could face disadvantages, when they will try to tap fast growing Asian markets. This, in turn, could have a negative impact on efforts to rebalance excessive debt in the US and excessive savings in Asia. Still, the benefits of greater regional integration could prove powerful enough to overcome the roadblocks. If they do, the world economy may never be the same.

Directions: Read the following passage and answer the given question:

The Great Recession has not been great for free trade. As unemployment has risen throughout the world, governments have become more focused on protecting their own industries than on promoting international commerce. The US, though typically an enthusiastic supporter of open markets, has included "buy American" clause in its stimulus package and propped up its flailing auto industry with handouts. But according to the Asian Development Bank (ADB), in the part of the world that was hit hardest by the trade crash - Asia, the number of Free Trade Agreements (FTAs) signed by Asian countries has grown from just three in 2000 to fifty-six by the end of August 2009. Nineteen of those FTAs are among 16 Asian economies, a trend that could help the region become a powerful trading block. The drive to lower trade barriers has taken on fresh urgency amid the recession. As Asian manufacturing networks become more intertwined, and as Asian consumers become wealthier, regional commerce is becoming critical to future economic expansion. Intraregional trade last year made up 57% of total Asian trade, up from 37% in 1980. In the past, Asia produced for America and Europe, now Asia is producing for Asia.

Of course, Asia is still dependent for sales on the West. But FTAs could reduce the region's exposure to the US by giving Asian companies preferential treatment in selling to Asian companies and consumers. However, these benefits could come with downsides. According to the experts, FTAs create a non-level playing field with advantages for Asian countries. If, the most dynamically growing part of the global economy gives the US restricted access, it will impact global balance. Companies in countries like the US which left out of the trade pacts could face disadvantages, when they will try to tap fast growing Asian markets. This, in turn, could have a negative impact on efforts to rebalance excessive debt in the US and excessive savings in Asia. Still, the benefits of greater regional integration could prove powerful enough to overcome the roadblocks. If they do, the world economy may never be the same.