Self Studies

Language Compre...

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  • Question 1
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    Directions For Questions

    Direction: Read the following passage carefully and answer the question that follows:

    The emergence of paper money as currency marked a major change in the organisation of financial markets and transactions. Until this change came about, most forms of currency involved precious metals like gold and silver. The value of the coin was directly linked to the value of the gold or silver it contained. By contrast, the value of a paper currency note has no relationship to the value of the paper it is printed on or the cost of its printing. The idea behind paper money was that a medium or means for facilitating the exchange of goods and services need not itself be intrinsically valuable. As long as it represents values convincingly — i.e., as long as it inspires trust — almost anything can function as money. This idea was the foundation for the credit market and helped change the structure of banking and finance. These changes in turn produced further changes in the organisation of economic life.

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    According to the passage, what are the minimum requirements for a particular thing to be used as currency?

  • Question 2
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    Directions For Questions

    Direction: In the following question, parts of a sentence have been jumbled. You are required to rearrange the jumbled parts of the sentence and mark your response accordingly by selecting the correct option.

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    S1 : Institutions define and play a regulatory role with regard to human behaviour.

    S6 : It shows how important it is for a nation to build institutions for nurturing democracy.

    P: Once established, institutions set a dynamic relationship with the members constituting them and they mutually affect each other.

    Q: They shape preferences, power and privilege.

    R: At the same time, institutions themselves can be transformed by the politics they produce and such transformation can affect social norms and behaviours.

    S: They also provide a sense of order and predictability.

    The correct sequence should be

  • Question 3
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    Directions For Questions

    Direction: In the following question, parts of a sentence have been jumbled. You are required to rearrange the jumbled parts of the sentence and mark your response accordingly by selecting the correct option.

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    S1: Idioms are a colourful and fascinating aspect of language.

    S6: Idioms may also suggest a particular attitude of the person using them, for example, disapproval, humour, exasperation or admiration, so you must use them carefully.

    P: Your language skills will increase rapidly if you can understand idioms and use them confidently and correctly.

    Q: They are commonly used in all types of language, informal and formal, spoken and written.

    R: In addition, idioms often have a stronger meaning than non-idiomatic phrases.

    S: One of the main problems students have with idioms is that it is often impossible to guess the meaning of an idiom from the words it contains.

    The correct sequence should be:

  • Question 4
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    Directions For Questions

    Direction: In the following question, parts of a sentence have been jumbled. You are required to rearrange the jumbled parts of the sentence and mark your response accordingly by selecting the correct option.

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    S1: Each organism is adapted to its environment.

    S6: What can be taken in and broken down depends on the body design and functioning.

    P: There is a range of strategies by which the food is taken in and used by the organism.

    Q: For example, whether the food source is stationary (such as grass) or mobile (such as deer), would allow for differences in how the food is accessed and what is nutritive apparatus used by a cow or a lion.

    R: The form of nutrition differs depending on the type and availability of food material as well as how it is obtained by an organism.

    S: Some organisms break down the food material outside the body and then absorb it and others take in the whole material and break it down inside their bodies.

    The correct sequence should be:

  • Question 5
    1 / -0.25

    Directions For Questions

    Direction: Read the following passage carefully and answer the question that follows:

    Seeking to move towards a cashless economy, the government has proposed income tax benefits for people making payments through credit or debit cards, besides doing away with transaction charges on the purchase of petrol, gas and rail tickets with plastic money. This is the first serious effort to tackle the predominance of cash in India’s economy. India is a hugely cash-dependent economy. The RBI and commercial banks annually spend around Rs 21,000 crore in currency operations costs while the citizens of Delhi alone spend Rs 9.1 crore and 60 lakh hours in collecting cash.

    The scale of this burden is unique to India considering that it is among the most cash-intensive economies with a cash-to-GDP ratio of 12%, almost four times as much as other markets such as Brazil (3.93%), Mexico (5.3%) and South Africa (3.73%). Moreover, cash transactions and black money are directly linked, since a cash trail is nigh impossible to track. As such, electronic transactions and the ease of audit they afford should make the government’s job much easier in terms of curbing illegal transactions.

    What the switchover to payments by credit and debit cards means is that the payer must have money in the bank. This can be facilitated through a greater recourse to direct cash transfer of subsidies to banks. But, those who avail of this may not belong to the section that pays income tax. Given that less than three per cent of our population pays income tax, transactions by plastic cards may not amount to much. But, the scene is changing. For instance, payments by mobiles have grown from just 860 transactions in November 2010 to 4.4 million in August 2014. With the spread of Internet and expansion of e-commerce, online payments are fast catching on among the middle class. These are mostly cashless transactions. It is also necessary to remember that a move towards a cashless economy will eliminate the cost of printing and distributing cash. If to these expenses are added the cost of storage and maintaining the currencies in the over 60,000 ATMs, the outlay becomes prohibitive. The answer is a buoyant economy that will reduce the numbers of those who still regard cash as the only reliable legal tender.

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    According to the author of the passage, what type of economy is India?

  • Question 6
    1 / -0.25

    Directions For Questions

    Direction: Read the following passage carefully and answer the question that follows:

    Seeking to move towards a cashless economy, the government has proposed income tax benefits for people making payments through credit or debit cards, besides doing away with transaction charges on the purchase of petrol, gas and rail tickets with plastic money. This is the first serious effort to tackle the predominance of cash in India’s economy. India is a hugely cash-dependent economy. The RBI and commercial banks annually spend around Rs 21,000 crore in currency operations costs while the citizens of Delhi alone spend Rs 9.1 crore and 60 lakh hours in collecting cash.

    The scale of this burden is unique to India considering that it is among the most cash-intensive economies with a cash-to-GDP ratio of 12%, almost four times as much as other markets such as Brazil (3.93%), Mexico (5.3%) and South Africa (3.73%). Moreover, cash transactions and black money are directly linked, since a cash trail is nigh impossible to track. As such, electronic transactions and the ease of audit they afford should make the government’s job much easier in terms of curbing illegal transactions.

    What the switchover to payments by credit and debit cards means is that the payer must have money in the bank. This can be facilitated through a greater recourse to direct cash transfer of subsidies to banks. But, those who avail of this may not belong to the section that pays income tax. Given that less than three per cent of our population pays income tax, transactions by plastic cards may not amount to much. But, the scene is changing. For instance, payments by mobiles have grown from just 860 transactions in November 2010 to 4.4 million in August 2014. With the spread of Internet and expansion of e-commerce, online payments are fast catching on among the middle class. These are mostly cashless transactions. It is also necessary to remember that a move towards a cashless economy will eliminate the cost of printing and distributing cash. If to these expenses are added the cost of storage and maintaining the currencies in the over 60,000 ATMs, the outlay becomes prohibitive. The answer is a buoyant economy that will reduce the numbers of those who still regard cash as the only reliable legal tender.

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    According to the passage, which country after India can be considered to be a Cash-dependent economy?

  • Question 7
    1 / -0.25

    Directions For Questions

    Direction: Read the following passage carefully and answer the question that follows:

    Seeking to move towards a cashless economy, the government has proposed income tax benefits for people making payments through credit or debit cards, besides doing away with transaction charges on the purchase of petrol, gas and rail tickets with plastic money. This is the first serious effort to tackle the predominance of cash in India’s economy. India is a hugely cash-dependent economy. The RBI and commercial banks annually spend around Rs 21,000 crore in currency operations costs while the citizens of Delhi alone spend Rs 9.1 crore and 60 lakh hours in collecting cash.

    The scale of this burden is unique to India considering that it is among the most cash-intensive economies with a cash-to-GDP ratio of 12%, almost four times as much as other markets such as Brazil (3.93%), Mexico (5.3%) and South Africa (3.73%). Moreover, cash transactions and black money are directly linked, since a cash trail is nigh impossible to track. As such, electronic transactions and the ease of audit they afford should make the government’s job much easier in terms of curbing illegal transactions.

    What the switchover to payments by credit and debit cards means is that the payer must have money in the bank. This can be facilitated through a greater recourse to direct cash transfer of subsidies to banks. But, those who avail of this may not belong to the section that pays income tax. Given that less than three per cent of our population pays income tax, transactions by plastic cards may not amount to much. But, the scene is changing. For instance, payments by mobiles have grown from just 860 transactions in November 2010 to 4.4 million in August 2014. With the spread of Internet and expansion of e-commerce, online payments are fast catching on among the middle class. These are mostly cashless transactions. It is also necessary to remember that a move towards a cashless economy will eliminate the cost of printing and distributing cash. If to these expenses are added the cost of storage and maintaining the currencies in the over 60,000 ATMs, the outlay becomes prohibitive. The answer is a buoyant economy that will reduce the numbers of those who still regard cash as the only reliable legal tender.

    ...view full instructions

    According to the author of the passage, which of the following is directly linked?

  • Question 8
    1 / -0.25

    Directions For Questions

    Direction: Read the following passage carefully and answer the question that follows:

    Seeking to move towards a cashless economy, the government has proposed income tax benefits for people making payments through credit or debit cards, besides doing away with transaction charges on the purchase of petrol, gas and rail tickets with plastic money. This is the first serious effort to tackle the predominance of cash in India’s economy. India is a hugely cash-dependent economy. The RBI and commercial banks annually spend around Rs 21,000 crore in currency operations costs while the citizens of Delhi alone spend Rs 9.1 crore and 60 lakh hours in collecting cash.

    The scale of this burden is unique to India considering that it is among the most cash-intensive economies with a cash-to-GDP ratio of 12%, almost four times as much as other markets such as Brazil (3.93%), Mexico (5.3%) and South Africa (3.73%). Moreover, cash transactions and black money are directly linked, since a cash trail is nigh impossible to track. As such, electronic transactions and the ease of audit they afford should make the government’s job much easier in terms of curbing illegal transactions.

    What the switchover to payments by credit and debit cards means is that the payer must have money in the bank. This can be facilitated through a greater recourse to direct cash transfer of subsidies to banks. But, those who avail of this may not belong to the section that pays income tax. Given that less than three per cent of our population pays income tax, transactions by plastic cards may not amount to much. But, the scene is changing. For instance, payments by mobiles have grown from just 860 transactions in November 2010 to 4.4 million in August 2014. With the spread of Internet and expansion of e-commerce, online payments are fast catching on among the middle class. These are mostly cashless transactions. It is also necessary to remember that a move towards a cashless economy will eliminate the cost of printing and distributing cash. If to these expenses are added the cost of storage and maintaining the currencies in the over 60,000 ATMs, the outlay becomes prohibitive. The answer is a buoyant economy that will reduce the numbers of those who still regard cash as the only reliable legal tender.

    ...view full instructions

    How would the e-transactions help the Government of India?

  • Question 9
    1 / -0.25

    Directions For Questions

    Direction: Read the following passage carefully and answer the question that follows:

    Seeking to move towards a cashless economy, the government has proposed income tax benefits for people making payments through credit or debit cards, besides doing away with transaction charges on the purchase of petrol, gas and rail tickets with plastic money. This is the first serious effort to tackle the predominance of cash in India’s economy. India is a hugely cash-dependent economy. The RBI and commercial banks annually spend around Rs 21,000 crore in currency operations costs while the citizens of Delhi alone spend Rs 9.1 crore and 60 lakh hours in collecting cash.

    The scale of this burden is unique to India considering that it is among the most cash-intensive economies with a cash-to-GDP ratio of 12%, almost four times as much as other markets such as Brazil (3.93%), Mexico (5.3%) and South Africa (3.73%). Moreover, cash transactions and black money are directly linked, since a cash trail is nigh impossible to track. As such, electronic transactions and the ease of audit they afford should make the government’s job much easier in terms of curbing illegal transactions.

    What the switchover to payments by credit and debit cards means is that the payer must have money in the bank. This can be facilitated through a greater recourse to direct cash transfer of subsidies to banks. But, those who avail of this may not belong to the section that pays income tax. Given that less than three per cent of our population pays income tax, transactions by plastic cards may not amount to much. But, the scene is changing. For instance, payments by mobiles have grown from just 860 transactions in November 2010 to 4.4 million in August 2014. With the spread of Internet and expansion of e-commerce, online payments are fast catching on among the middle class. These are mostly cashless transactions. It is also necessary to remember that a move towards a cashless economy will eliminate the cost of printing and distributing cash. If to these expenses are added the cost of storage and maintaining the currencies in the over 60,000 ATMs, the outlay becomes prohibitive. The answer is a buoyant economy that will reduce the numbers of those who still regard cash as the only reliable legal tender.

    ...view full instructions

    Which of the following statements is incorrect according to the passage?

  • Question 10
    1 / -0.25

    Directions For Questions

    Direction: In the following question, the given sentence has four parts marked P, Q, R, and S. Choose the part of the sentence with the error and mark it as your answer. If there is no error, mark 'No error (S)' as your answer.

    ...view full instructions

    Wherever you live, (P) /there is surely some countryside or coastline (Q) /not too far away that you are proud of.(R) / No error (S)

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