Q1: Spotting-Error:
Inadequate employ skills(1)/and lack of confidence(2)/are some of the major(3)/hindrances these children face in finding gainful employment(4)/All correct(5)
Answer: 1
Correct: Inadequate *employable* skills(1)/and lack of confidence(2)/are some of the major(3)/hindrances these children face in finding gainful employment(4)/All correct(5)
Explanation: "Employable" should be used- an adjective is required at this place
Inadequate employ skills(1)/and lack of confidence(2)/are some of the major(3)/hindrances these children face in finding gainful employment(4)/All correct(5)
Correct: Inadequate *employable* skills(1)/and lack of confidence(2)/are some of the major(3)/hindrances these children face in finding gainful employment(4)/All correct(5)
Explanation: "Employable" should be used- an adjective is required at this place
Q2: In the following paragraph there is one blank space. Below each sentence has been denoted by numbers (1), (2), (3), (4) and (5). Find out which sentence can be filled up in the blank to make the paragraph meaningfully complete?
It is difficult being a marketer in the digital age but now you feel you are on top of things. Your corporate website is finally optimised. ——————————————and have successfully grown communities on all of them. For those segments of your business that require mobile apps, you’ve developed apps straddling various operating systems. You’ve got the hang of digital out-of-home and have started building interactivity into your retail spaces as well. You have tied up two sets of agencies for your digital and physical strategies and are happy you roped in the absolute best in the business.
(1) Customers today are bouncing in and out of multiple channels across different devices.
(2) You have leveraged most of the social channels your customers are likely to use
(3) Corporate budgets have yet to align to support all these channels
(4) It is increasingly difficult to determine where in-store retailing ends and e-commerce begins.
(5) Companies need to build an integrated communication strategy.
Answer: (2) You have leveraged most of the social channels your customers are likely to use
Explanation: It is difficult being a marketer in the digital age but now you feel you are on top of things. Your corporate website is finally optimised. *You have leveraged most of the social channels your customers are likely to use* and have successfully grown communities on all of them. For those segments of your business that require mobile apps, you’ve developed apps straddling various operating systems. You’ve got the hang of digital out-of-home and have started building interactivity into your retail spaces as well. You have tied up two sets of agencies for your digital and physical strategies and are happy you roped in the absolute best in the business.
# If you use social networking sites like Facebook, YouTube etc. then it's easy to be predictable that the answer is as mentioned above.
Also, please note: Leverage means to use.
# Comprehension:
Does India need a new law for consumer protection in finance? One lesson from the global financial crisis is that unsuitable housing loans sold to poor, uneducated consumers could pull down the world’s financial system. Very few people would have believed that sub-prime loans, which constituted a very small part of housing loans and that too only in one country, could trigger a crisis that led to banks failing, money markets crashing, governments falling, countries going bankrupt, millions becoming unemployed and the GDP of many nations going down. This is not to argue that the sale of unsuitable housing loans was the only regulatory failure that led to the global crisis, but an important lesson is that a regulatory system that does not prevent the sale of unsuitable financial products to consumers could be putting the financial system and the entire economy at risk. Not only is consumer protection an important end in itself, if it lies at the heart of financial regulation, bad practices that result in the failure of firms and markets can be checked.
Today in India, there is very little reference to consumer protection in primary legislation in the financial sector. Not surprisingly, none of the financial laws on which regulation is based, and which were written long before there was clear thinking about the need for consumer protection, provides consumers with basic rights or protections. Nor do they give regulators a specific set of relevant powers to pursue the objective of consumer protection. It is not *treated* as a core pillar of financial regulation. Many countries are rewriting laws to bring this perspective into financial sector regulation.
Some regulators have issued regulations based on the general rule-making powers given to them in their respective laws. For example, SEBI issued Disclosure and Investor Protection Guidelines in 2000. Various guidelines have been issued by the RBI and IRDA to protect consumers in banking and insurance. However, consumer protection regulation remains weak and varies across different sectors and services.
Q3: Why did SEBI issue Disclosure and Investor Protection Guidelines in 2000?
(1) To make it mandatory for consumers to disclose their income and investments
(2) To spread awareness about profitable investment avenues
(3) To ensure consumer protection in the financial sector
(4) To make financial services accessible to the poor
(5) All of the above were the reasons
Answer: (3) To ensure consumer protection in the financial sector
Explanation: Please read the lines: "For example, SEBI issued Disclosure and Investor Protection Guidelines in 2000." Before this line, "consumer protection" was being mentioned.
Hence, SEBI issued Disclosure and Investor Protection Guidelines in 2000 "to ensure consumer protection in the financial sector."
# Comprehension
Does India need a new law for consumer protection in finance? One lesson from the global financial crisis is that unsuitable housing loans sold to poor, uneducated consumers could pull down the world’s financial system. Very few people would have believed that sub-prime loans, which constituted a very small part of housing loans and that too only in one country, could trigger a crisis that led to banks failing, money markets crashing, governments falling, countries going bankrupt, millions becoming unemployed and the GDP of many nations going down. This is not to argue that the sale of unsuitable housing loans was the only regulatory failure that *led to* the global crisis, but an important lesson is that a regulatory system that does not prevent the sale of unsuitable financial products to consumers could be putting the financial system and the entire economy at risk. Not only is consumer protection an important end in itself, if it lies at the heart of financial regulation, bad practices that result in the failure of firms and markets can be checked.
Today in India, there is very little reference to consumer protection in primary legislation in the financial sector. Not surprisingly, none of the financial laws on which regulation is based, and which were written long before there was clear thinking about the need for consumer protection, provides consumers with basic rights or protections. Nor do they give regulators a specific set of relevant powers to pursue the objective of consumer protection. It is not *treated* as a core pillar of financial regulation. Many countries are rewriting laws to bring this perspective into financial sector regulation.
Some regulators have issued regulations based on the general rule-making powers given to them in their respective laws. For example, SEBI issued Disclosure and Investor Protection Guidelines in 2000. Various guidelines have been issued by the RBI and IRDA to protect consumers in banking and insurance. However, consumer protection regulation remains weak and varies across different sectors and services.
Q4: As per above passage, choose the word which is having the most OPPOSITE meaning?
Led to
(1) Produced (2) Required (3) Availed (4) Prevented (5) Accelerated
Answer: (4) Prevented
Explanation: "Led to" means cause
Prevent means to stop.
So, opposite of "Led to" is "Prevent".
# For other options:
Availed (v)-taken advantage
Accelerated (v)-quickened
# Comprehension
Does India need a new law for consumer protection in finance? One lesson from the global financial crisis is that unsuitable housing loans sold to poor, uneducated consumers could pull down the world’s financial system. Very few people would have believed that sub-prime loans, which constituted a very small part of housing loans and that too only in one country, could trigger a crisis that led to banks failing, money markets crashing, governments falling, countries going bankrupt, millions becoming unemployed and the GDP of many nations going down. This is not to argue that the sale of unsuitable housing loans was the only regulatory failure that *led to* the global crisis, but an important lesson is that a regulatory system that does not prevent the sale of unsuitable financial products to consumers could be putting the financial system and the entire economy at risk. Not only is consumer protection an important end in itself, if it lies at the heart of financial regulation, bad practices that result in the failure of firms and markets can be checked.
Today in India, there is very little reference to consumer protection in primary legislation in the financial sector. Not surprisingly, none of the financial laws on which regulation is based, and which were written long before there was clear thinking about the need for consumer protection, provides consumers with basic rights or protections. Nor do they give regulators a specific set of relevant powers to pursue the objective of consumer protection. It is not *treated* as a core pillar of financial regulation. Many countries are rewriting laws to bring this perspective into financial sector regulation.
Some regulators have issued regulations based on the general rule-making powers given to them in their respective laws. For example, SEBI issued Disclosure and Investor Protection Guidelines in 2000. Various guidelines have been issued by the RBI and IRDA to protect consumers in banking and insurance. However, consumer protection regulation remains weak and varies across different sectors and services.
Q5: As per above passage, choose the word which is having the most SIMILAR meaning?
Treated
(1) Advised (2) Interrogated (3) Criticised (4) Considered (5) Rectified
Answer: (4) Considered
Explanation: "It is not *treated* as a core pillar of financial regulation."
can be written as:
"It is not *considered* as a core pillar of financial regulation."
Q6: Which of the phrase/word from the options (A), (B), (C) and (D) given below the sentence should replace the phrase in *asterisk* to make the sentence grammatically correct? If the sentence is correct as it is, mark (e) i.e., “No correction required” as the answer:
If you want to keep your job here, you must *abide for* our rules.
A) account for
B) account by
C) abide by
D) add up
E) No Correction Required
A) account for
B) account by
C) abide by
D) add up
E) No Correction Required
Answer: C) abide by
Correct: If you want to keep your job here, you must *abide by* our rules.
Explanation: Abide by means: To respect or obey a decision , law or rule.
Q7: Fill in the blank:
Realising the pile-up of ... food where millions go to bed on empty stomachs in the country, the UN has announced theme of this year's World Environment Day (WED) as 'Think, Eat, Save' to raise awareness about this environmental and social problem.
Options:
(1) wasted
(2) stale
(3) grew
(4) marketed
(5) stored
Answer: (1) wasted
Realising the pile-up of *wasted* food where millions go to bed on empty stomachs in the country, the UN has announced theme of this year's World Environment Day (WED) as 'Think, Eat, Save' to raise awareness about this environmental and social problem.
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