Comprehension Practice Test | Verbal ability

  • Directions (Q.No. 1-5) : Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
    GST is the Goods and Services Tax rolled out across the country on July 1. Since then, a number of teething issues have emerged - some more serious than others. The most pressing problem is to do with the availing of input tax credits by exporters. The problem, according to exporters, is that they have to wait an inordinate amount of time before the refunds are processed and paid.
    As a result, they say a large part of their working capital estimated at about Rs. 65,000 crore is stuck, rendering their businesses untenable. Another pressing problem  is the capacity of the GST Network portal for filing tax returns. Since the rollout, the portal has fared poorly in the face of peak traffic. According to Finance Minister Arun Jaitley, the portal can process 1 lakh returns an hour, which translates to 24 lakh returns in a day.
    The third issue being faced by the government is that taxpayers are missing the deadlines to file returns and so it can't accurately estimate how much revenue GST is yielding. For example, while the government said it had earned Rs. 90,669 crore from GST in August, it also said that only about 55% of registered taxpayers had filed their returns even five days after the deadline.

1.

What does teething issues mean?

   A.) The difficulties or problems that arise during the initial stages
   B.) The troubles that arise during the final stages
   C.) The fruits during the initial stages
   D.) The returns that arise during the planning stages

Answer: Option 'A'

The difficulties or problems that arise during the initial stages

2.

Which of the following is true?

  • a) The exporters are making huge business after the roll out of GST
  • b) The GST portal with its high speed is catering the needs for filing tax returns

   A.) Only a
   B.) Only b
   C.) Both a & b
   D.) Neither a nor b

Answer: Option 'D'

Neither a nor b

3.

Rolled out means :

   A.) To put an end
   B.) To make a service available
   C.) To shelf a product
   D.) To cast a spell

Answer: Option 'B'

To make a service available

4.

The synonym of inordinate is :

   A.) Unreasonable
   B.) Even-tempered
   C.) Cogent
   D.) Lucid

Answer: Option 'A'

Unreasonable

5.

The antonym of untenable :

   A.) Aberrant
   B.) Imprecise
   C.) Valid
   D.) Shaky

Answer: Option 'C'

Valid

6.

Directions  : Read the following passage carefully and answer the questions given below it. Certain words in the passage have been printed in bold to help you locate them while answering some of the questions.
Despite the economic crunch worldwide that saw pulverization of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India's leading national banks have pasted a net profit rise of more than 40% over the quarter amid global turmoil. This would come as a big shot in the arm for the investors and mounting on t=other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter, woukd be their direct banking by the investments in public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.
 Other private banks in India have also reported a substantial net profit over the least queer given the international and domestic scenario one cannot put this down as a mundane achievement. While other are on coat cutting spree and firing employees, Indian companies are actually working on boosting staffing in banking and broking sectors. This can be seen as a big boon in the days to come when the economy gradually comes back on to the fast track. The finance ministry has assured Indian public about the sound health of India banks. This could also be evident from the fact that there have been no mergers and takeovers in Indian banking sector in a contrast to would scenario where finance houses are looking mergers to cut costs on operations. We definitely are not looking to thrive; rather we are not looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and it is sometimes very beneficial for business on the long run.
Q. Which of the following strengthens the finance minister's statement about the sound health of Indian banks with respect to the passage?
A) There have been no acquisitions and mergers of Indian banks.
B) The Indian banks are recording a positive growth
C) Layoffs have been observed worldwide. 

   A.) Only (A)
   B.) Only (B)
   C.) Only (C)
   D.) Only (A) and (B)

Answer: Option 'B'

Only (B)

7.

Directions  : Read the following passage carefully and answer the questions given below it. Certain words in the passage have been printed in bold to help you locate them while answering some of the questions.
Despite the economic crunch worldwide that saw pulverization of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India's leading national banks have pasted a net profit rise of more than 40% over the quarter amid global turmoil. This would come as a big shot in the arm for the investors and mounting on t=other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter, woukd be their direct banking by the investments in public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.
 Other private banks in India have also reported a substantial net profit over the least queer given the international and domestic scenario one cannot put this down as a mundane achievement. While other are on coat cutting spree and firing employees, Indian companies are actually working on boosting staffing in banking and broking sectors. This can be seen as a big boon in the days to come when the economy gradually comes back on to the fast track. The finance ministry has assured Indian public about the sound health of India banks. This could also be evident from the fact that there have been no mergers and takeovers in Indian banking sector in a contrast to would scenario where finance houses are looking mergers to cut costs on operations. We definitely are not looking to thrive; rather we are not looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and it is sometimes very beneficial for business on the long run.
Q. What, according to the author, will be a big boon in the days to come?

   A.) The economy coming back on the fast track
   B.) The slowing down of the economy
   C.) Increased hiring in Indian financial sector in times of economic slowdown
   D.) The cost cutting carried out by all the companies

Answer: Option 'C'

Increased hiring in Indian financial sector in times of economic slowdown

8.

Directions  : Read the following passage carefully and answer the questions given below it. Certain words in the passage have been printed in bold to help you locate them while answering some of the questions.
Despite the economic crunch worldwide that saw pulverization of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India's leading national banks have pasted a net profit rise of more than 40% over the quarter amid global turmoil. This would come as a big shot in the arm for the investors and mounting on t=other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter, woukd be their direct banking by the investments in public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.
 Other private banks in India have also reported a substantial net profit over the least queer given the international and domestic scenario one cannot put this down as a mundane achievement. While other are on coat cutting spree and firing employees, Indian companies are actually working on boosting staffing in banking and broking sectors. This can be seen as a big boon in the days to come when the economy gradually comes back on to the fast track. The finance ministry has assured Indian public about the sound health of India banks. This could also be evident from the fact that there have been no mergers and takeovers in Indian banking sector in a contrast to would scenario where finance houses are looking mergers to cut costs on operations. We definitely are not looking to thrive; rather we are not looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and it is sometimes very beneficial for business on the long run.

Q. What does the phrase 'shot in the arm' as used in the passage mean?

   A.) Shock
   B.) Fear
   C.) Encouragement
   D.) Anxiety

Answer: Option 'C'

Encouragement

9.

Directions  : Read the following passage carefully and answer the questions given below it. Certain words in the passage have been printed in bold to help you locate them while answering some of the questions.
Despite the economic crunch worldwide that saw pulverization of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India's leading national banks have pasted a net profit rise of more than 40% over the quarter amid global turmoil. This would come as a big shot in the arm for the investors and mounting on t=other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter, woukd be their direct banking by the investments in public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.
 Other private banks in India have also reported a substantial net profit over the least queer given the international and domestic scenario one cannot put this down as a mundane achievement. While other are on coat cutting spree and firing employees, Indian companies are actually working on boosting staffing in banking and broking sectors. This can be seen as a big boon in the days to come when the economy gradually comes back on to the fast track. The finance ministry has assured Indian public about the sound health of India banks. This could also be evident from the fact that there have been no mergers and takeovers in Indian banking sector in a contrast to would scenario where finance houses are looking mergers to cut costs on operations. We definitely are not looking to thrive; rather we are not looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and it is sometimes very beneficial for business on the long run.
Q. What, according to the author, is the reason for the success of Indian national banks in this quarter?

   A.) Indian national banks do not have any commitments in troubled foreign markets.
   B.) These banks can never face financial crisis because of their sheer size
   C.) These banks are ready to give loans at a very low rate of interest
   D.) The public is ready to invest in these banks because of the knowledge that these banks get strong support from the government

Answer: Option 'D'

The public is ready to invest in these banks because of the knowledge that these banks get strong support from the government

10.

Directions  : Read the following passage carefully and answer the questions given below it. Certain words in the passage have been printed in bold to help you locate them while answering some of the questions.
Despite the economic crunch worldwide that saw pulverization of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India's leading national banks have pasted a net profit rise of more than 40% over the quarter amid global turmoil. This would come as a big shot in the arm for the investors and mounting on t=other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter, woukd be their direct banking by the investments in public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.
 Other private banks in India have also reported a substantial net profit over the least queer given the international and domestic scenario one cannot put this down as a mundane achievement. While other are on coat cutting spree and firing employees, Indian companies are actually working on boosting staffing in banking and broking sectors. This can be seen as a big boon in the days to come when the economy gradually comes back on to the fast track. The finance ministry has assured Indian public about the sound health of India banks. This could also be evident from the fact that there have been no mergers and takeovers in Indian banking sector in a contrast to would scenario where finance houses are looking mergers to cut costs on operations. We definitely are not looking to thrive; rather we are not looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and it is sometimes very beneficial for business on the long run.
Q. How, according to the author, is the current recession beneficial?

   A.) Worldwide, companies have realized that India is a strong power to reckon with
   B.) India is surging ahead of the other companies throughout the world
   C.) Recession is bringing down the prices of essential commodities
   D.) None of these

Answer: Option 'D'

None of these


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