Daily The Hindu editorial with grammar questions

RC,cloze test based on the hindu editorial 23 May 2020;Daily The Hindu editorial with grammar questions

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We all know the importance of reading The Hindu editorial article. It is a ritual which every banking or SSC aspirant must follow as examiner tends to prepare English grammar questions from Newspaper articles.

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💢The Hindu Editorial Reading Comprehension,Cloze test,error detection,vocab Of The Day

 

 

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 shaved off 1.15 percentage points from the rate chart in the 58 days since the lockdown begin, 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 _A_ 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 _B_ 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. X**Yet, going forward, there may be more opting(a)/ for it given that the extended lockdown has left many a businesses(b)/in a shambles and salaries have either not been(c)/ paid or are being disbursed with delays(d).

The RBI has also shown _C_ 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 _D_ 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 _E_ 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.

(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

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