Daily The Hindu editorial with grammar questions

Daily The Hindu editorial with grammar questions 23 May 2020;RC,cloze test,error detection,vocab

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Daily The Hindu editorial with RC,cloze test,error detection,vocab 23 May 2020

Go to the editorial passage

 

 

(Direction 1-5)- In the given passage, some words have been omitted. Choose the words that make the passage meaningful.

 

Q.1 Select the word that can be filled in the blank A to make the passage meaningful.

a) Increment
b) Prudence
c) folly
d) foresight
e) reckless

Q.2 Select the word that can be filled in the blank B to make the passage meaningful.

a) suspension
b) resumption
c) stoppage
d) prohibition
e) moratorium

Q.3 Select the word that can be filled in the blank C to make the passage meaningful.

a) disdain
b) empathy
c) apathy
d)disappointment
e) distance

Q.4 Select the word that can be filled in the blank D to make the passage meaningful.

a) stimulating
b) encouraging
c) emboldening
d) daunting
e) spiriting

Q.5 Select the word that can be filled in the blank E to make the passage meaningful.

a) handicapping
b) handicaps
c) handicap
d) handicapped
e) none

Q.6 According to the passage, which of the following statements are correct?

(a) With Friday’s repo rate cut of 40 basis points,the repo rate has been brought down to 4% and the reverse repo rate to 3.35%.

(b) There was some disappointment in the markets that the RBI did not relax norms for loan restructuring by lenders.

(c) There was some encouragement in the markets that the RBI relaxed norms for loan restructuring by lenders.

a) Only A is correct
b) Only B is correct
c) Only C is correct
d) Both B and C are correct
e) Both A and B are correct

Q.7 According to the passage, there are those who believe that the latest cut may be no more than a sentiment booster as economic activity is at its nadir and there are not many –

A Investment ideas on the anvil that may benefit from the static interest rate.

B Investment proposals on the anvil that may benefit from the lower interest rate.

C Investment proposals on the anvil that may benefit from the higher interest rate.

a) Only A is correct
b) Only B is correct
c) Only C is correct
d) Both B and C are correct
e) Both A and B are correct

 

Q.8. Choose the word which correctly represents the word/phrase given below.

Shaved Off

a) pruned
b) increased
c) elongated
d) replaced
e) lowered

Q.9. Choose the word which correctly represents the word/phrase given below.

Stepped Up To The Plate

a) taken charge
b) neglected
c) accepted
d) disclaimed
e) washed hands

Q.10. Sentence X of the passage has been divided into four parts. The first sentence of the second part of the passage One or two of these parts contain an error. Choose the part as an answer. Mark ‘no error’ as your answer if there is no error in the sentence.

1) a
2) b
3) c
4) d
5) No error

SOLUTION

1) Prudence ,meaning ‘the quality of being intelligent and cautious’,fits into the context appropriately.Rest of the options can be eliminated easily as they don’t fit into the context.

increment -Act of increasing something
folly – An act that is not sensible and may have a bad result.
foresight – The ability to see what will probably happen in the future.
Reckless – Not thinking about possible bad or dangerous results that could come from your actions.

2) Moratorium meaning- ‘A legal authorization to debtors to postpone payment’ is the correct choice for the sentence as the sentence talks about the extension of the repayment moratorium on loans. Rest of the options can be discarded as they don’t fit into the context.
stoppage meaning – ‘A situation in which people stop working as part of a protest’.
suspension meaning – ‘Delaying something for a period of time’.
prohibition meaning – ‘A law or rule that forbids something-.
resumption meaning – beginning again or continuing after a pause or interruption.

3)Empathy meaning – ‘The ability to understand and share the feelings of another’ goes well with the context of the sentence as the sentence talks about the empathetic nature of RBI in allowing accumulated interest on working capital loans to be converted into a term loan repayable by the end of this fiscal.Rest of the options either do not fit into the context or goes against the context.
distance meaning -‘The amount of space between two places or things’.
appreciation meaning- ‘understanding and enjoyment of the value of something’.
apathy meaning- ‘The feeling of not being interested in or enthusiastic about anything’
disdain meaning-‘The feeling that somebody /something is not good enough to be respected’.

4)Daunting -Tending to overwhelm or intimidate a difficult task is the correct choice as it properly represents the state of borrowers. Using other options will portray loan repaying as a simple and positive task and for borrowers in this time it is anything but simple.
stimulating meaning – ‘Interesting and exciting’
encouraging meaning – ‘When you help someone by offering positive words of support and approval’.
emboldening meaning – ‘,Give (someone) the courage or confidence to do something’
spiriting meaning – ‘interesting and enthusiastic’.

5) d) Handicapped is the most appropriate word as we need v2 to make the sentence grammatically correct.

6) Both A and B are correct

C is wrong because – It is clearly mentioned in the paragraph that there was some disappointment in the markets that the RBI did not relax norms for loan restructuring by lenders.

7) Only B is correct because it is clearly mentioned in the passage ‘In fact, there are those who believe that the latest cut may be no more than a sentiment booster as economic activity is at its nadir and there are not many investment proposals on the anvil that may benefit from the lower interest rate.’

8)Shaved Off (idioms)- ‘to cut, reduce, or remove something or to eliminate some amount of something’; pruned.

9)Stepped Up To The Plate meaning – ‘take action in response to an opportunity or crisis’; taken charge is the most apt replacement for the word. Accepted do stand a chance but it won’t describe the meaning properly. Hence, taken charge is correct.

10. Option (b) has an error. Replace ‘businesses’ with ‘business’ to make the sentence grammatically correct.

“Many a” structure takes singular noun and singular verb.

Many a man were present in the party.(wrong)

Many a men were present in the party.(wrong)

Many a man was present in the party.(Right)

COMPLETE ARTICLE

The RBI has once again stepped up to the plate at the right time with measures that will reduce the cost of capital and ease the financial burden on businesses due to the extended lockdown. With Friday’s repo rate cut of 40 basis points, the RBI has  1.15 percentage points from the rate chart in the 58 days since the lockdown began, bringing the repo rate down to 4% and the reverse repo rate to 3.35%. With this, it does appear that the central bank may have played out its rate cut card for now as prudence would dictate that it reserves some leverage for the future if economic conditions deteriorate even further. In fact, there are those who believe that the latest cut may be no more than a sentiment booster as economic activity is at its nadir and there are not many investment proposals on the anvil that may benefit from the lower interest rate. Existing borrowers may be the only beneficiaries of the rate cut at this point in time. That said, the RBI deserves a pat on the back for listening to feedback over some of its moves initiated earlier during the lockdown. Thus, the extension of the repayment moratorium on loans is a welcome measure. A large proportion of commercial borrowers have availed themselves of the moratorium but retail borrowers have not taken to it in a big way. Yet, going forward, there may be more opting for it given that the extended lockdown has left many a business in a shambles and salaries have either not been paid or are being disbursed with delays.

The RBI has also shown EMPATHY by allowing accumulated interest on working capital loans to be converted into a term loan repayable by the end of this fiscal. Borrowers would otherwise have been faced with the DAUNTING prospect of PAYING UP their interest dues in one shot at the end of the moratorium period. The extended period given may however still not be enough as it will offer borrowers only about seven months from the end of the moratorium period during which they will have to CRANK UP their businesses and service their loans. The RBI could have PUT OFF accumulated interest repayment by one year; it might well find itself in a situation where it is forced to offer another extension in the next few months. The increase in group exposure limit for banks to 30% from 25% will help large corporate borrowers who may find themselves handicapped in raising funds from the markets now. There was some disappointment in the markets that the RBI did not relax norms for loan restructuring by lenders. The central bank has played its cards well here because there is no way of knowing the true extent of distress now, and hence it will be difficult to propose the right restructuring norms. Chances are that this may well form part of the RBI’s next announcement.

SOME IMPORTANT WORDS FROM THE ARTICLE

1.STEP UP TO THE PLATE (phrase)-take action in response to an opportunity or crisis.

2.SHAVE OFF (phrasel verb)-to reduce an amount.

3.PLAY OUT (phrasel verb)- To do something to completion or to conclude or finish.

4.PRUDENCE (n)-the state of being careful in the way you make decisions or spend money so that you avoid unnecessary risks.समझदारी,सावधानी

5.LEVERAGE (n)-the act of using borrowed money to buy an investment or a company.लाभ उठाना

6.DETERIORATE (v)-become progressively worse.बिगड़ना

7.NADIR (n)-the lowest or most unsuccessful point in a situation.निम्नतम स्तर

8.MORATORIUM (n)-a temporary prohibition of an activity.अधिस्थगन

9.SHAMBLES (n)-a state of total disorder.

10.EMPATHY (n)-the ability to understand and share the feelings of another.सहानुभूति

11.DAUNTING (adj)-seeming difficult to deal with in prospect or intimidating or worrying.कठिन, चुनौतीपूर्ण

12.PAYING UP (phrasel verb)-to pay money that you owe, especially when you are unwilling to pay.भुगतान करना

13.CRANK UP (phrasal verb)-to increase or improve something.

14.PUT OFF (phrasal verb)-to decide or arrange to delay an event or activity until a later time or date.टाल देना,स्थगित करना

 

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