With 926 posts, Reserve Bank of India has released its notification for the post of Assistant. So to grab this opportunity here we in this section will provide you with the daily mock of ‘RBI Assistant Prelims English Daily Mock 23rd January 2020’ Cloze Test quiz. Keep in touch with bankersadda to get daily English Quiz and boost your preparation for the upcoming bank exam. You can also prepare with the study plan for RBI Assistant available bankersadda website.
Directions (1-7): 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 are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.
Q1. The government is reportedly considering __________________ (1) the dividend distribution tax (DDT) and making __________________ (2) income taxable in the hands of shareholders. The move is expected to boost investor sentiment as it will reduce multiplicity of taxes for companies. DDT is currently __________________ (3) at a rate of 20.55 per cent, including surcharge and education cess, on dividends paid by companies to shareholders. The government has reasons for reconsidering the DDT. Finance Minister Nirmala Sitharaman had termed the tax a “regressive measure” in the last session of Parliament because it leads to cascading of taxes. It affects foreign investors who are unable to __________________ (4) credit in their home country since they don’t pay DDT directly. The removal of DDT would also benefit domestic investors who are in a lower tax bracket. Another big reason for __________________ (5) DDT could be that it was initially __________________ (6) to increase the ease of collection. However, most transactions in this category are now done electronically, so it’s no longer difficult for the tax department to track the flow. The removal of the tax was also __________________ (7) by the Akhilesh Ranjan panel, which reviewed direct tax laws.
(a) concerted
(b) providing
(c) abolishing
(d) segment
(e) mitigating
Q2. The government is reportedly considering __________________ (1) the dividend distribution tax (DDT) and making __________________ (2) income taxable in the hands of shareholders. The move is expected to boost investor sentiment as it will reduce multiplicity of taxes for companies. DDT is currently __________________ (3) at a rate of 20.55 per cent, including surcharge and education cess, on dividends paid by companies to shareholders. The government has reasons for reconsidering the DDT. Finance Minister Nirmala Sitharaman had termed the tax a “regressive measure” in the last session of Parliament because it leads to cascading of taxes. It affects foreign investors who are unable to __________________ (4) credit in their home country since they don’t pay DDT directly. The removal of DDT would also benefit domestic investors who are in a lower tax bracket. Another big reason for __________________ (5) DDT could be that it was initially __________________ (6) to increase the ease of collection. However, most transactions in this category are now done electronically, so it’s no longer difficult for the tax department to track the flow. The removal of the tax was also __________________ (7) by the Akhilesh Ranjan panel, which reviewed direct tax laws.
(a) preface
(b) dividend
(c) skilful
(d) leading
(e) novice
Q3. The government is reportedly considering __________________ (1) the dividend distribution tax (DDT) and making __________________ (2) income taxable in the hands of shareholders. The move is expected to boost investor sentiment as it will reduce multiplicity of taxes for companies. DDT is currently __________________ (3) at a rate of 20.55 per cent, including surcharge and education cess, on dividends paid by companies to shareholders. The government has reasons for reconsidering the DDT. Finance Minister Nirmala Sitharaman had termed the tax a “regressive measure” in the last session of Parliament because it leads to cascading of taxes. It affects foreign investors who are unable to __________________ (4) credit in their home country since they don’t pay DDT directly. The removal of DDT would also benefit domestic investors who are in a lower tax bracket. Another big reason for __________________ (5) DDT could be that it was initially __________________ (6) to increase the ease of collection. However, most transactions in this category are now done electronically, so it’s no longer difficult for the tax department to track the flow. The removal of the tax was also __________________ (7) by the Akhilesh Ranjan panel, which reviewed direct tax laws.
(a) processing
(b) impudence
(c) levied
(d) swift
(e) danger
Q4. The government is reportedly considering __________________ (1) the dividend distribution tax (DDT) and making __________________ (2) income taxable in the hands of shareholders. The move is expected to boost investor sentiment as it will reduce multiplicity of taxes for companies. DDT is currently __________________ (3) at a rate of 20.55 per cent, including surcharge and education cess, on dividends paid by companies to shareholders. The government has reasons for reconsidering the DDT. Finance Minister Nirmala Sitharaman had termed the tax a “regressive measure” in the last session of Parliament because it leads to cascading of taxes. It affects foreign investors who are unable to __________________ (4) credit in their home country since they don’t pay DDT directly. The removal of DDT would also benefit domestic investors who are in a lower tax bracket. Another big reason for __________________ (5) DDT could be that it was initially __________________ (6) to increase the ease of collection. However, most transactions in this category are now done electronically, so it’s no longer difficult for the tax department to track the flow. The removal of the tax was also __________________ (7) by the Akhilesh Ranjan panel, which reviewed direct tax laws.
(a) claim
(b) forest
(c) device
(d) value
(e) surrender
Q5. The government is reportedly considering __________________ (1) the dividend distribution tax (DDT) and making __________________ (2) income taxable in the hands of shareholders. The move is expected to boost investor sentiment as it will reduce multiplicity of taxes for companies. DDT is currently __________________ (3) at a rate of 20.55 per cent, including surcharge and education cess, on dividends paid by companies to shareholders. The government has reasons for reconsidering the DDT. Finance Minister Nirmala Sitharaman had termed the tax a “regressive measure” in the last session of Parliament because it leads to cascading of taxes. It affects foreign investors who are unable to __________________ (4) credit in their home country since they don’t pay DDT directly. The removal of DDT would also benefit domestic investors who are in a lower tax bracket. Another big reason for __________________ (5) DDT could be that it was initially __________________ (6) to increase the ease of collection. However, most transactions in this category are now done electronically, so it’s no longer difficult for the tax department to track the flow. The removal of the tax was also __________________ (7) by the Akhilesh Ranjan panel, which reviewed direct tax laws.
(a) beginning
(b) peaking
(c) diligent
(d) reconsidering
(e) lenient
Q6. The government is reportedly considering __________________ (1) the dividend distribution tax (DDT) and making __________________ (2) income taxable in the hands of shareholders. The move is expected to boost investor sentiment as it will reduce multiplicity of taxes for companies. DDT is currently __________________ (3) at a rate of 20.55 per cent, including surcharge and education cess, on dividends paid by companies to shareholders. The government has reasons for reconsidering the DDT. Finance Minister Nirmala Sitharaman had termed the tax a “regressive measure” in the last session of Parliament because it leads to cascading of taxes. It affects foreign investors who are unable to __________________ (4) credit in their home country since they don’t pay DDT directly. The removal of DDT would also benefit domestic investors who are in a lower tax bracket. Another big reason for __________________ (5) DDT could be that it was initially __________________ (6) to increase the ease of collection. However, most transactions in this category are now done electronically, so it’s no longer difficult for the tax department to track the flow. The removal of the tax was also __________________ (7) by the Akhilesh Ranjan panel, which reviewed direct tax laws.
(a) bureau
(b) imposed
(c) risk
(d) active
(e) fasten
Q7. The government is reportedly considering __________________ (1) the dividend distribution tax (DDT) and making __________________ (2) income taxable in the hands of shareholders. The move is expected to boost investor sentiment as it will reduce multiplicity of taxes for companies. DDT is currently __________________ (3) at a rate of 20.55 per cent, including surcharge and education cess, on dividends paid by companies to shareholders. The government has reasons for reconsidering the DDT. Finance Minister Nirmala Sitharaman had termed the tax a “regressive measure” in the last session of Parliament because it leads to cascading of taxes. It affects foreign investors who are unable to __________________ (4) credit in their home country since they don’t pay DDT directly. The removal of DDT would also benefit domestic investors who are in a lower tax bracket. Another big reason for __________________ (5) DDT could be that it was initially __________________ (6) to increase the ease of collection. However, most transactions in this category are now done electronically, so it’s no longer difficult for the tax department to track the flow. The removal of the tax was also __________________ (7) by the Akhilesh Ranjan panel, which reviewed direct tax laws.
(a) incoming
(b) confusion
(c) suggested
(d) learnt
(e) admitted
Directions (8-15): 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 are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.
Q8. Population __________________ (8), once associated only with the rich economies, is now also seen in middle-income countries — and in those states of India that are also at the upper-middle income level. The Economic Survey of 2019 had an entire chapter on Indian __________________ (9) that will likely become a standard reference in the years to come. It projects total Indian population growth in the two decades between 2020 and 2041 as being just over 12 per cent. But this __________________ (10) great variation in population growth and fertility across regions and states. Some states, such as Bihar, will grow by 25 per cent — in other words, at historically __________________ (11) levels. Others, such as Andhra Pradesh (AP), will barely see any population increase — the Economic Survey suggests that AP will have its population grow by only 3.4 per cent between 2021 and 2041. By the fourth decade of this century, the Survey suggests that the population of Tamil Nadu will actually be __________________ (12). The __________________ (13) of a changing age distribution will begin to be felt even sooner. By 2031, the size of the working-age __________________ (14) will start to decline in 11 states. In other words, Indian policy-makers should be preparing for a situation in which large parts of the country will __________________ (15) the “rich economy” problem of stagnant or declining populations.
(a) consonance
(b) revaluation
(c) beneficiary
(d) stagnation
(e) explosive
Q9. Population __________________ (8), once associated only with the rich economies, is now also seen in middle-income countries — and in those states of India that are also at the upper-middle income level. The Economic Survey of 2019 had an entire chapter on Indian __________________ (9) that will likely become a standard reference in the years to come. It projects total Indian population growth in the two decades between 2020 and 2041 as being just over 12 per cent. But this __________________ (10) great variation in population growth and fertility across regions and states. Some states, such as Bihar, will grow by 25 per cent — in other words, at historically __________________ (11) levels. Others, such as Andhra Pradesh (AP), will barely see any population increase — the Economic Survey suggests that AP will have its population grow by only 3.4 per cent between 2021 and 2041. By the fourth decade of this century, the Survey suggests that the population of Tamil Nadu will actually be __________________ (12). The __________________ (13) of a changing age distribution will begin to be felt even sooner. By 2031, the size of the working-age __________________ (14) will start to decline in 11 states. In other words, Indian policy-makers should be preparing for a situation in which large parts of the country will __________________ (15) the “rich economy” problem of stagnant or declining populations.
(a) trends
(b) demographics
(c) trial
(d) dividend
(e) model
Q10. Population __________________ (8), once associated only with the rich economies, is now also seen in middle-income countries — and in those states of India that are also at the upper-middle income level. The Economic Survey of 2019 had an entire chapter on Indian __________________ (9) that will likely become a standard reference in the years to come. It projects total Indian population growth in the two decades between 2020 and 2041 as being just over 12 per cent. But this __________________ (10) great variation in population growth and fertility across regions and states. Some states, such as Bihar, will grow by 25 per cent — in other words, at historically __________________ (11) levels. Others, such as Andhra Pradesh (AP), will barely see any population increase — the Economic Survey suggests that AP will have its population grow by only 3.4 per cent between 2021 and 2041. By the fourth decade of this century, the Survey suggests that the population of Tamil Nadu will actually be __________________ (12). The __________________ (13) of a changing age distribution will begin to be felt even sooner. By 2031, the size of the working-age __________________ (14) will start to decline in 11 states. In other words, Indian policy-makers should be preparing for a situation in which large parts of the country will __________________ (15) the “rich economy” problem of stagnant or declining populations.
(a) extend
(b) conceals
(c) bargain
(d) division
(e) depress
Q11. Population __________________ (8), once associated only with the rich economies, is now also seen in middle-income countries — and in those states of India that are also at the upper-middle income level. The Economic Survey of 2019 had an entire chapter on Indian __________________ (9) that will likely become a standard reference in the years to come. It projects total Indian population growth in the two decades between 2020 and 2041 as being just over 12 per cent. But this __________________ (10) great variation in population growth and fertility across regions and states. Some states, such as Bihar, will grow by 25 per cent — in other words, at historically __________________ (11) levels. Others, such as Andhra Pradesh (AP), will barely see any population increase — the Economic Survey suggests that AP will have its population grow by only 3.4 per cent between 2021 and 2041. By the fourth decade of this century, the Survey suggests that the population of Tamil Nadu will actually be __________________ (12). The __________________ (13) of a changing age distribution will begin to be felt even sooner. By 2031, the size of the working-age __________________ (14) will start to decline in 11 states. In other words, Indian policy-makers should be preparing for a situation in which large parts of the country will __________________ (15) the “rich economy” problem of stagnant or declining populations.
(a) comparable
(b) complacent
(c) benign
(d) marginal
(e) eminent
Q12. Population __________________ (8), once associated only with the rich economies, is now also seen in middle-income countries — and in those states of India that are also at the upper-middle income level. The Economic Survey of 2019 had an entire chapter on Indian __________________ (9) that will likely become a standard reference in the years to come. It projects total Indian population growth in the two decades between 2020 and 2041 as being just over 12 per cent. But this __________________ (10) great variation in population growth and fertility across regions and states. Some states, such as Bihar, will grow by 25 per cent — in other words, at historically __________________ (11) levels. Others, such as Andhra Pradesh (AP), will barely see any population increase — the Economic Survey suggests that AP will have its population grow by only 3.4 per cent between 2021 and 2041. By the fourth decade of this century, the Survey suggests that the population of Tamil Nadu will actually be __________________ (12). The __________________ (13) of a changing age distribution will begin to be felt even sooner. By 2031, the size of the working-age __________________ (14) will start to decline in 11 states. In other words, Indian policy-makers should be preparing for a situation in which large parts of the country will __________________ (15) the “rich economy” problem of stagnant or declining populations.
(a) thinking
(b) concealment
(c) exponential
(d) shrinking
(e) enticing
Q13. Population __________________ (8), once associated only with the rich economies, is now also seen in middle-income countries — and in those states of India that are also at the upper-middle income level. The Economic Survey of 2019 had an entire chapter on Indian __________________ (9) that will likely become a standard reference in the years to come. It projects total Indian population growth in the two decades between 2020 and 2041 as being just over 12 per cent. But this __________________ (10) great variation in population growth and fertility across regions and states. Some states, such as Bihar, will grow by 25 per cent — in other words, at historically __________________ (11) levels. Others, such as Andhra Pradesh (AP), will barely see any population increase — the Economic Survey suggests that AP will have its population grow by only 3.4 per cent between 2021 and 2041. By the fourth decade of this century, the Survey suggests that the population of Tamil Nadu will actually be __________________ (12). The __________________ (13) of a changing age distribution will begin to be felt even sooner. By 2031, the size of the working-age __________________ (14) will start to decline in 11 states. In other words, Indian policy-makers should be preparing for a situation in which large parts of the country will __________________ (15) the “rich economy” problem of stagnant or declining populations.
(a) implications
(b) unsuitable
(c) natural
(d) dynamic
(e) motif
Q14. Population __________________ (8), once associated only with the rich economies, is now also seen in middle-income countries — and in those states of India that are also at the upper-middle income level. The Economic Survey of 2019 had an entire chapter on Indian __________________ (9) that will likely become a standard reference in the years to come. It projects total Indian population growth in the two decades between 2020 and 2041 as being just over 12 per cent. But this __________________ (10) great variation in population growth and fertility across regions and states. Some states, such as Bihar, will grow by 25 per cent — in other words, at historically __________________ (11) levels. Others, such as Andhra Pradesh (AP), will barely see any population increase — the Economic Survey suggests that AP will have its population grow by only 3.4 per cent between 2021 and 2041. By the fourth decade of this century, the Survey suggests that the population of Tamil Nadu will actually be __________________ (12). The __________________ (13) of a changing age distribution will begin to be felt even sooner. By 2031, the size of the working-age __________________ (14) will start to decline in 11 states. In other words, Indian policy-makers should be preparing for a situation in which large parts of the country will __________________ (15) the “rich economy” problem of stagnant or declining populations.
(a) theme
(b) relax
(c) population
(d) inspect
(e) probe
Q15. Population __________________ (8), once associated only with the rich economies, is now also seen in middle-income countries — and in those states of India that are also at the upper-middle income level. The Economic Survey of 2019 had an entire chapter on Indian __________________ (9) that will likely become a standard reference in the years to come. It projects total Indian population growth in the two decades between 2020 and 2041 as being just over 12 per cent. But this __________________ (10) great variation in population growth and fertility across regions and states. Some states, such as Bihar, will grow by 25 per cent — in other words, at historically __________________ (11) levels. Others, such as Andhra Pradesh (AP), will barely see any population increase — the Economic Survey suggests that AP will have its population grow by only 3.4 per cent between 2021 and 2041. By the fourth decade of this century, the Survey suggests that the population of Tamil Nadu will actually be __________________ (12). The __________________ (13) of a changing age distribution will begin to be felt even sooner. By 2031, the size of the working-age __________________ (14) will start to decline in 11 states. In other words, Indian policy-makers should be preparing for a situation in which large parts of the country will __________________ (15) the “rich economy” problem of stagnant or declining populations.
(a) fake
(b) subdue
(c) bring
(d) suffer
(e) upset
Solutions
S1. Ans. (c)
Sol. ‘abolishing’ fits in the blank (1) to make a grammatically and contextually correct sentence. Hence, option (c) is the right answer choice.
S2. Ans. (b)
Sol. ‘dividend’ fits in the blank (2) to make a grammatically and contextually correct sentence. Hence, option (b) is the right answer choice.
S3. Ans. (c)
Sol. ‘levied’ fits in the blank (3) to make a grammatically and contextually correct sentence. Hence, option (c) is the right answer choice.
S4. Ans. (a)
Sol. ‘claim’ fits in the blank (4) to make a grammatically and contextually correct sentence. Hence, option (a) is the right answer choice.
S5. Ans. (d)
Sol. ‘reconsidering’ fits in the blank (5) to make a grammatically and contextually correct sentence. Hence, option (d) is the right answer choice.
S6. Ans. (b)
Sol. ‘imposed’ fits in the blank (6) to make a grammatically and contextually correct sentence. Hence, option (b) is the right answer choice.
S7. Ans. (c)
Sol. ‘suggested’ fits in the blank (7) to make a grammatically and contextually correct sentence. Hence, option (c) is the right answer choice.
S8. Ans. (d)
Sol. ‘stagnation’ fits in the blank (8) to make a grammatically and contextually correct sentence. Hence, option (d) is the right answer choice.
S9. Ans. (b)
Sol. ‘demographics’ fits in the blank (9) to make a grammatically and contextually correct sentence. Hence, option (b) is the right answer choice.
S10. Ans. (b)
Sol. ‘conceals’ fits in the blank (10) to make a grammatically and contextually correct sentence. Hence, option (b) is the right answer choice.
S11. Ans. (a)
Sol. ‘comparable’ fits in the blank (11) to make a grammatically and contextually correct sentence. Hence, option (a) is the right answer choice.
S12. Ans. (d)
Sol. ‘shrinking’ fits in the blank (12) to make a grammatically and contextually correct sentence. Hence, option (d) is the right answer choice.
S13. Ans. (a)
Sol. ‘implications’ fits in the blank (13) to make a grammatically and contextually correct sentence. Hence, option (a) is the right answer choice.
S14. Ans. (c)
Sol. ‘population’ fits in the blank (14) to make a grammatically and contextually correct sentence. Hence, option (c) is the right answer choice.
S15. Ans. (d)
Sol. ‘suffer’ fits in the blank (15) to make a grammatically and contextually correct sentence. Hence, option (d) is the right answer choice.
