English Language Quiz For IBPS Clerk Mains
IBPS had conducted the IBPS Clerk Prelims Exam a few weeks ago and the result will be out shortly. Now the next step is to clear the mains exam Thus, the English Language can be an impetus for their success by helping them save crucial time and score good points in lesser time and effort. So, instead of boiling the ocean, try building up a strong vocabulary, an effective knowledge of grammar, and efficient comprehension skills so as to be on the ball to face this particular section. Here is a quiz on English Language for 20th December being provided by Adda247 to let you practice the best of the latest pattern English Questions for IBPS Clerk Mains Exam.
Directions (1-7): Read the following passage
and answer the following questions.
and answer the following questions.
Government
plans to amend IBC to ring-fence buyers of stressed assets from prosecution.
While the amendments will help ring-fence buyers, aspects like cross-border
insolvency remain to be addressed. The
recent amendments to the Insolvency and Bankruptcy Code (IBC) approved by the
Union Cabinet can go a long way in addressing some of the gaps in the
resolution process. Crucially, the proposed Bill has sought to provide a clean
slate to buyers of stressed assets, by shielding them from prosecution for offences
by previous promoters.
plans to amend IBC to ring-fence buyers of stressed assets from prosecution.
While the amendments will help ring-fence buyers, aspects like cross-border
insolvency remain to be addressed. The
recent amendments to the Insolvency and Bankruptcy Code (IBC) approved by the
Union Cabinet can go a long way in addressing some of the gaps in the
resolution process. Crucially, the proposed Bill has sought to provide a clean
slate to buyers of stressed assets, by shielding them from prosecution for offences
by previous promoters.
By
way of insertion of Section 32A in the Code, the amendment seeks to provide
immunity to the corporate debtor and its assets, from an offence committed
prior to the commencement of the insolvency process. In other words, it seeks
to ring-fence the corporate debtor and property from offences committed by the
previous management or promoters. At a time when there have been growing
concerns over investigative agencies initiating action against companies after
the completion of the resolution process (Bhushan Power and Steel), the
amendment offers much needed clarity and relief to prospective buyers. At the
same time, the Bill requires the corporate debtor or other persons to extend
cooperation to investigating authorities. Importantly, the immunity will only
apply in cases where the resolution plan has resulted in a change in management
or control of the corporate debtor. While the amendment seeks to release the
corporate debtor from the liability of the offence, it continues to hold the
concerned persons responsible for the offences and they can be prosecuted.
way of insertion of Section 32A in the Code, the amendment seeks to provide
immunity to the corporate debtor and its assets, from an offence committed
prior to the commencement of the insolvency process. In other words, it seeks
to ring-fence the corporate debtor and property from offences committed by the
previous management or promoters. At a time when there have been growing
concerns over investigative agencies initiating action against companies after
the completion of the resolution process (Bhushan Power and Steel), the
amendment offers much needed clarity and relief to prospective buyers. At the
same time, the Bill requires the corporate debtor or other persons to extend
cooperation to investigating authorities. Importantly, the immunity will only
apply in cases where the resolution plan has resulted in a change in management
or control of the corporate debtor. While the amendment seeks to release the
corporate debtor from the liability of the offence, it continues to hold the
concerned persons responsible for the offences and they can be prosecuted.
In
a bid to check frivolous insolvency
applications, the Bill also seeks to raise the minimum threshold for initiating
the process, in the case of financial creditors represented by an authorised
representative. In the case of home-buyers for instance, the application for
initiating insolvency process has to be filed by at least 100 creditors or 10
per cent of such creditors, whichever is lower. The Bill also clarifies that licences,
permits, concession, clearances, etc., in force cannot be suspended or
terminated during the moratorium period, provided there is no default in
payment of dues. This is critical to ensure that the company is maintained as a
going concern and value is preserved. The Bill has also sought to allow the
resolution professional to continue to manage the company in case the process
is delayed beyond the 330-day deadline.
a bid to check frivolous insolvency
applications, the Bill also seeks to raise the minimum threshold for initiating
the process, in the case of financial creditors represented by an authorised
representative. In the case of home-buyers for instance, the application for
initiating insolvency process has to be filed by at least 100 creditors or 10
per cent of such creditors, whichever is lower. The Bill also clarifies that licences,
permits, concession, clearances, etc., in force cannot be suspended or
terminated during the moratorium period, provided there is no default in
payment of dues. This is critical to ensure that the company is maintained as a
going concern and value is preserved. The Bill has also sought to allow the
resolution professional to continue to manage the company in case the process
is delayed beyond the 330-day deadline.
While
the recent amendments and the Supreme Court ruling in the Essar Steel case
the recent amendments and the Supreme Court ruling in the Essar Steel case
upholding
the rights of the secured creditors, should help smoothen the IBC process,
there are several other aspects that require closer scrutiny. To curb frivolous
insolvency applications, increasing the default threshold — currently at a mere ₹1 lakh — is critical. The Bill did
not include the much awaited cross border insolvency framework, which is
imperative to deal with cases like the Nirav Modi scam. The global web of
shadow entities Nirav Modi used for perpetrating the $4 billion fraud, only
goes to show how lenders or government agencies may be incapable of recovering
anything in such cases. Holding defaulters responsible in the eyes of the law
is one thing; bringing them to book is another thing altogether.
the rights of the secured creditors, should help smoothen the IBC process,
there are several other aspects that require closer scrutiny. To curb frivolous
insolvency applications, increasing the default threshold — currently at a mere ₹1 lakh — is critical. The Bill did
not include the much awaited cross border insolvency framework, which is
imperative to deal with cases like the Nirav Modi scam. The global web of
shadow entities Nirav Modi used for perpetrating the $4 billion fraud, only
goes to show how lenders or government agencies may be incapable of recovering
anything in such cases. Holding defaulters responsible in the eyes of the law
is one thing; bringing them to book is another thing altogether.
Q1.
What protection do the IBC amendments provide to customers of bad loans?
What protection do the IBC amendments provide to customers of bad loans?
(a)
Protecting buyers from getting prosecuted for the offences committed by
previous promoters.
Protecting buyers from getting prosecuted for the offences committed by
previous promoters.
(b)
Giving them a clean slate to write on
Giving them a clean slate to write on
(c)
Addressing the issues of buyers to get better returns
Addressing the issues of buyers to get better returns
(d)
Bringing changes in the amendments to benefits banks
Bringing changes in the amendments to benefits banks
(e)
None of these
None of these
Q2.
On what condition does the bill provide immunity to the corporate debtor and
property?
On what condition does the bill provide immunity to the corporate debtor and
property?
(a) Giving a clarity to the potential victims
(b)
Change in management or control from the corporate debtor due to the resolution
plan
Change in management or control from the corporate debtor due to the resolution
plan
(c)
Commencing the insolvency process
Commencing the insolvency process
(d)
Need of extension in cooperation from the debtors’ side
Need of extension in cooperation from the debtors’ side
(e)
None of these
None of these
Q3.
How does the Bill deals with the senseless insolvency applications?
How does the Bill deals with the senseless insolvency applications?
(a)
Initiating the process without any paper-work
Initiating the process without any paper-work
(b)
Paving way for the authorized representatives
Paving way for the authorized representatives
(c)
Mandate to file insolvency application by around 10% of home-buyers
Mandate to file insolvency application by around 10% of home-buyers
(d)
Uplifting the minimum limits in order to begin the process
Uplifting the minimum limits in order to begin the process
(e)
Both (b) and (c)
Both (b) and (c)
Q4.
What are the guidelines of the Bill in case of no payment dues during
moratorium period?
What are the guidelines of the Bill in case of no payment dues during
moratorium period?
(a)
Non-termination and Non-Suspension of Licenses, concession, permits etc.
forcibly
Non-termination and Non-Suspension of Licenses, concession, permits etc.
forcibly
(b)
Lowering the suspension rates
Lowering the suspension rates
(c)
Maintenance of values and concerns
Maintenance of values and concerns
(d)
Both (b) and (c)
Both (b) and (c)
(e)
Q5.
What are the issues that still need to be addressed?
What are the issues that still need to be addressed?
(a)
Non-inclusion of framework for cross-border insolvency
Non-inclusion of framework for cross-border insolvency
(b)
Curbing the senseless insolvency by increasing the default limit from 1Lakh.
Curbing the senseless insolvency by increasing the default limit from 1Lakh.
(c)
Both (a) and (b)
Both (a) and (b)
(d)
Bringing the defaulters before the law
Bringing the defaulters before the law
(e)
None of these
None of these
Q6.
Which of the following words is most similar in meaning with the FRIVOLOUS highlighted in the passage?
Which of the following words is most similar in meaning with the FRIVOLOUS highlighted in the passage?
(a)
Serious
Serious
(b)
Flippant
Flippant
(c)
Genuine
Genuine
(d)
Practical
Practical
(e)
None of these
None of these
Q7.
Which of the following words is most opposite in meaning with the THRESHOLD highlighted in the passage?
Which of the following words is most opposite in meaning with the THRESHOLD highlighted in the passage?
(a)
Allowance
Allowance
(b)
Enhanced
Enhanced
(c)
Concentrated
Concentrated
(d)
Magnitude
Magnitude
(e)
None of these
None of these
Directions (8-15): In each of the following
questions, four sentences are given out of which one may or may not have grammatical
errors. Choose the sentence having grammatical error as your answer. If all the
given statements are correct grammatically, mark your answer as; (e)[All are
correct].
questions, four sentences are given out of which one may or may not have grammatical
errors. Choose the sentence having grammatical error as your answer. If all the
given statements are correct grammatically, mark your answer as; (e)[All are
correct].
Q8.
(a) Pawan Kumar Goenka has been re-appointed the
managing director at M&M
managing director at M&M
(b)
Fitch expects the RBI to cut its policy rate to another 65 basis points in 2020
Fitch expects the RBI to cut its policy rate to another 65 basis points in 2020
(c)
Gopinath stressed on the need for finding new revenue streams to balance any
scaling up of public spending.
Gopinath stressed on the need for finding new revenue streams to balance any
scaling up of public spending.
(d)
The Modi administration has taken several steps in recent months to counter the
slowdown.
The Modi administration has taken several steps in recent months to counter the
slowdown.
(e)
All are correct
All are correct
Q9.
(a)
The RBI provided monetary stimulus by way of lowering its benchmark policy
rates
The RBI provided monetary stimulus by way of lowering its benchmark policy
rates
(b)
Official data released earlier this month showed that the industrial sector
remained weak with output shrinking 3.8% in October.
Official data released earlier this month showed that the industrial sector
remained weak with output shrinking 3.8% in October.
(c)
Despite Donald Trump at the helm, US remains one pillar of the Modi Doctrine of
foreign policy.
Despite Donald Trump at the helm, US remains one pillar of the Modi Doctrine of
foreign policy.
(d)
If protesters are indeed out to defend the Constitution, then they must adheres
to it.
If protesters are indeed out to defend the Constitution, then they must adheres
to it.
(e)
All are correct
All are correct
Q10.
(a)
From the statements of India’s top leaders, it appears that the government will
not relent on the CAA
From the statements of India’s top leaders, it appears that the government will
not relent on the CAA
(b) There have been ugly incidents of
arson and stone-hurling by miscreants in various parts of India.
arson and stone-hurling by miscreants in various parts of India.
(c)
The job of law enforcers here is to ensure that civil order is not
disturb.
The job of law enforcers here is to ensure that civil order is not
disturb.
(d)
As many as 20 Delhi Metro stations were reportedly shut, while many students,
civilians and leaders were hauled off by the police.
As many as 20 Delhi Metro stations were reportedly shut, while many students,
civilians and leaders were hauled off by the police.
(e)
All are correct
All are correct
Q11.
(a)
Billionaires owe their billions not just to their market success but also the
helping hand of the law.
Billionaires owe their billions not just to their market success but also the
helping hand of the law.
(b)
Economic inequality has moving to the top of the political agenda in many
countries, including free-market poster children like the US and the UK.
Economic inequality has moving to the top of the political agenda in many
countries, including free-market poster children like the US and the UK.
(c)
To be sure, there are good reasons for states to adopt laws that empower
private agents to reap the rewards of innovation and business success.
To be sure, there are good reasons for states to adopt laws that empower
private agents to reap the rewards of innovation and business success.
(d)
Many see CAA as unconstitutional, given its use of religion as an
eligibility criterion for citizenship.
Many see CAA as unconstitutional, given its use of religion as an
eligibility criterion for citizenship.
(e)
All are correct
All are correct
Q12.
(a)
In 1985, the estate duty law was abolished on the grounds of high
implementation cost and administrative problems versus meagre estate duty
collection.
In 1985, the estate duty law was abolished on the grounds of high
implementation cost and administrative problems versus meagre estate duty
collection.
(b)
Hero Motocorp Ltd is the country’s largest two-wheeler maker, enjoying about
half the market share with a dominant in motorcycles.
Hero Motocorp Ltd is the country’s largest two-wheeler maker, enjoying about
half the market share with a dominant in motorcycles.
(c)
We are embarking on a process of simplifying, synergising and scaling (3S) to
create an agile, powerful platform.
We are embarking on a process of simplifying, synergising and scaling (3S) to
create an agile, powerful platform.
(d) It seems that while the goal was
the same, the paths chosen were different.
the same, the paths chosen were different.
(e)
All are correct
All are correct
L1Difficulty
2
2
QTags
error correction
error correction
QCreator
Khushboo Mishra
Khushboo Mishra
Q13.
(a)
Suspending the order of Mistry’s reinstatement for four weeks gives Tata Sons
time to appeal the order before the Supreme Court.
Suspending the order of Mistry’s reinstatement for four weeks gives Tata Sons
time to appeal the order before the Supreme Court.
(b)
The auto sector pain has indeed been the culprit behind the sharp slowdown in
loan growth.
The auto sector pain has indeed been the culprit behind the sharp slowdown in
loan growth.
(c)
IndusInd Bank is targeting 18-20% growth in vehicle finance, which form more
than a quarter of its loan book.
IndusInd Bank is targeting 18-20% growth in vehicle finance, which form more
than a quarter of its loan book.
(d)
Heightened risks to pharmaceutical sector are likely because of an increase in
the number of US FDA (food and drug administration) inspections.
Heightened risks to pharmaceutical sector are likely because of an increase in
the number of US FDA (food and drug administration) inspections.
(e)
All are correct
All are correct
Q14.
(a)
What could stand in good stead for the sector is its control on costs, with the
added element of curtailing capacity expansion.
What could stand in good stead for the sector is its control on costs, with the
added element of curtailing capacity expansion.
(b)
Given the heavy and looming overhangs, such high earnings growth could be at
risk.
Given the heavy and looming overhangs, such high earnings growth could be at
risk.
(c) If domestic pricing pressures
increasingly, margins and profitability could be eroded.
increasingly, margins and profitability could be eroded.
(d)
Hero cannot find relief in exports where the BS-VI emission rules are not
applicable.
Hero cannot find relief in exports where the BS-VI emission rules are not
applicable.
(e)
All are correct
All are correct
Q15.
(a)
Indian economy has decelerated to a six-and-half-year low of 4.5% in the
September quarter owing to sharp slowdown in consumption demand.
Indian economy has decelerated to a six-and-half-year low of 4.5% in the
September quarter owing to sharp slowdown in consumption demand.
(b)
Our country has capability to come out stronger from such situations and it
will
Our country has capability to come out stronger from such situations and it
will
(c)
Assuring the industry of further action to remove criminal provisions in the
Companies Act, Modi said business failure is not a crime.
Assuring the industry of further action to remove criminal provisions in the
Companies Act, Modi said business failure is not a crime.
(d)
Valuations are not demanding, but acceleration in revenue growth trajectory
with margin improvement would be keyed to drive further rerating.
Valuations are not demanding, but acceleration in revenue growth trajectory
with margin improvement would be keyed to drive further rerating.
(e)
All are correct
All are correct
Solutions:
S1.
Ans. (a)
Ans. (a)
Sol.
Refer to the first paragraph, the hint can be drawn from the lines, the proposed Bill has sought to provide a
clean slate to buyers of stressed assets, by shielding them from prosecution
for offences by previous promoters.
Refer to the first paragraph, the hint can be drawn from the lines, the proposed Bill has sought to provide a
clean slate to buyers of stressed assets, by shielding them from prosecution
for offences by previous promoters.
Hence,
option (a) is the right answer
choice.
option (a) is the right answer
choice.
S2.
Ans. (b)
Ans. (b)
Sol.
Refer to the second paragraph, the hint can be drawn from the lines, Importantly, the immunity will only apply
in cases where the resolution plan has resulted in a change in management or
control of the corporate debtor.
Refer to the second paragraph, the hint can be drawn from the lines, Importantly, the immunity will only apply
in cases where the resolution plan has resulted in a change in management or
control of the corporate debtor.
Hence,
option (b) is the right answer
choice.
option (b) is the right answer
choice.
S3.
Ans. (e)
Ans. (e)
Sol.
Refer to the third paragraph, the hint can be drawn from the lines, In a bid to check frivolous insolvency
applications, the Bill also seeks to raise the minimum threshold for initiating
the process, in the case of financial creditors represented by an authorised
representative. In the case of home-buyers for instance, the application for
initiating insolvency process has to be filed by at least 100 creditors or 10
per cent of such creditors, whichever is lower.’
Refer to the third paragraph, the hint can be drawn from the lines, In a bid to check frivolous insolvency
applications, the Bill also seeks to raise the minimum threshold for initiating
the process, in the case of financial creditors represented by an authorised
representative. In the case of home-buyers for instance, the application for
initiating insolvency process has to be filed by at least 100 creditors or 10
per cent of such creditors, whichever is lower.’
Hence,
option (e)[Both (b) and (c)] is the
right answer choice.
option (e)[Both (b) and (c)] is the
right answer choice.
S4.
Ans. (a)
Ans. (a)
Sol.
Refer to the third paragraph, the hint can be drawn from the lines, The Bill also clarifies that licences,
permits, concession, clearances, etc., in force cannot be suspended or
terminated during the moratorium period, provided there is no default in
payment of dues. This is critical to ensure that the company is maintained as a
going concern and value is preserved.
Refer to the third paragraph, the hint can be drawn from the lines, The Bill also clarifies that licences,
permits, concession, clearances, etc., in force cannot be suspended or
terminated during the moratorium period, provided there is no default in
payment of dues. This is critical to ensure that the company is maintained as a
going concern and value is preserved.
Hence,
option (a) is the right answer
choice.
option (a) is the right answer
choice.
S5.
Ans. (c)
Ans. (c)
Sol.
Refer to the last paragraph of the passage, the hint can be drawn from the
lines, While the recent amendments and
the Supreme Court ruling in the Essar Steel case upholding the rights of the
secured creditors, should help smoothen the IBC process, there are several
other aspects that require closer scrutiny. To curb frivolous insolvency
applications, increasing the default threshold — currently at a mere ₹1 lakh —
is critical. The Bill did not include the much awaited cross border insolvency
framework, which is imperative to deal with cases like the Nirav Modi scam.
Refer to the last paragraph of the passage, the hint can be drawn from the
lines, While the recent amendments and
the Supreme Court ruling in the Essar Steel case upholding the rights of the
secured creditors, should help smoothen the IBC process, there are several
other aspects that require closer scrutiny. To curb frivolous insolvency
applications, increasing the default threshold — currently at a mere ₹1 lakh —
is critical. The Bill did not include the much awaited cross border insolvency
framework, which is imperative to deal with cases like the Nirav Modi scam.
Hence,
option (c)[Both (a) and (b)] is the
right answer choice
option (c)[Both (a) and (b)] is the
right answer choice
S6.
Ans. (b)
Ans. (b)
Sol.
flippant is the most similar in
meaning with the given word. Hence, option
(b) is the right answer choice.
flippant is the most similar in
meaning with the given word. Hence, option
(b) is the right answer choice.
S7.
Ans. (d)
Ans. (d)
Sol.
Magnitude is the most opposite in
meaning with the given word. Hence, option
(d) is the right answer choice.
Magnitude is the most opposite in
meaning with the given word. Hence, option
(d) is the right answer choice.
S8.
Ans. (b)
Ans. (b)
Sol.
‘by’ will be used instead of ‘to’. Hence, option (b) is the right
answer choice.
‘by’ will be used instead of ‘to’. Hence, option (b) is the right
answer choice.
S9.
Ans. (d)
Ans. (d)
Sol.
‘Adheres’ will be replaced by ‘adhere’. Hence, option (d) is the right answer choice.
‘Adheres’ will be replaced by ‘adhere’. Hence, option (d) is the right answer choice.
S10.
Ans. (c)
Ans. (c)
Sol.
‘Disturb’ will be replaced by ‘Disturbed’. Hence, option (c) is the right answer choice.
‘Disturb’ will be replaced by ‘Disturbed’. Hence, option (c) is the right answer choice.
S11.
Ans. (b)
Ans. (b)
Sol.
‘Moving’ will be replaced by ‘Moved’. Hence, option (b) is the right answer choice.
‘Moving’ will be replaced by ‘Moved’. Hence, option (b) is the right answer choice.
S12.
Ans. (b)
Ans. (b)
Sol.
‘Dominant’ will be replaced by ‘Dominance’. Hence, option (b) is the
right answer choice.
‘Dominant’ will be replaced by ‘Dominance’. Hence, option (b) is the
right answer choice.
S13.
Ans. (c)
Ans. (c)
Sol.
‘form’ will be replaced by ‘forms’. Hence, option (c) is the right answer choice.
‘form’ will be replaced by ‘forms’. Hence, option (c) is the right answer choice.
S14.
Ans. (c)
Ans. (c)
Sol.‘increasingly’ will be replaced by ‘increasing’. Hence, option (c) is the right answer choice.
S15.
Ans. (d)
Ans. (d)
Sol.
‘Keyed’ will be replaced by ‘key’ in the sentence (d). hence, option (d) is the right answer choice.
‘Keyed’ will be replaced by ‘key’ in the sentence (d). hence, option (d) is the right answer choice.
