Whats-App Discussion SBI/IBPS PO English Discussion 06/7/2017(Thursday)

Q1: Fill in the blanks:

The cigarette manufactures’ association has _________ to _________in aggressive promotion.
(1) decided, indulge
(2) calculated, call
(3) forgotten, motivate
(4) predicted, plant
(5) cared, sell

Answer: (1) decided, indulge

Explanation: The cigarette manufactures’ association has *decided* to *indulge* in aggressive promotion.

Few meanings:

Indulge- perform service
Predicted- express an outcome in advance

Q2: Spotting-Error: 

Prior to the examination(1) / the instructor had told us to keep (2)/ an eye on the time to(3)/ write clearly and no cheating(4) /No Error (5)

Answer: (4)

Correct: Prior to the examination(1) / the instructor had told us to keep (2)/ an eye on the time to(3)/ write clearly and *not to cheat*(4) /No Error (5)

Explanation: "Not to cheat" should be used... so that there will be match:

an eye on the time *to* write clearly and not *to* cheat. 

By this way, proper sense can be established. 

Q3: Sentence Correction: 

Replace the words in the *asterisk/bold* and choose the appropriate the option:

He behaved *though it was* his fault, but we knew he was not responsible for it.

(1) even though it was      

(2) though it was not

(3) as if it was                                

(4) despite it was not

(5) No correction required

Answer: (3)

Correct: He behaved *as if it was*, but we knew he was not responsible for it.

Explanation: 

By reading sense of the sentence in clear... 

Usne aisa behave kiya *jaise yeh uska* fault thaa... lekin hum jaanete the ki wo responsible nahi thaa (In Hindi)

So... *as if it (was)* means *jaise yeh uska* should be used.

Q4: (Latest Pattern Question): 

In the following question a short passage is given with one of the lines in the passage missing and represented by a blank. Select the best out of the five answer choices given, to make the passage complete and coherent: 

For over a decade, China has been the engine of global growth. (…………………………………………………). The stock market has been in turmoil, again. Although share prices in China matter little to the real economy, seesawing stocks feed fears among investors that the Communist Party does not have the wisdom to manage the move from Mao to market. The rest of the world looks at the debts and growing labour unrest inside China , and it shudders. Nowhere are those worries more apparent—or more consequential—than in the handling of its currency, the yuan.
A) China has remained the leader in business and development since decades.
B)China’s economy is not on the verge of collapse.
C)But the blistering pace of economic expansion has slowed.
D)China has a semi-fixed currency and semi-porous capital controls.
E)China should have cleaned up its financial system and freed its exchange rate when money was still flowing in.

Answer: C)But the blistering pace of economic expansion has slowed.

Explanation: 

For over a decade, China has been the engine of global growth. *But the blistering pace of economic expansion has slowed.* The stock market has been in turmoil, again. Although share prices in China matter little to the real economy, seesawing stocks feed fears among investors that the Communist Party does not have the wisdom to manage the move from Mao to market. The rest of the world looks at the debts and growing labour unrest inside China , and it shudders. Nowhere are those worries more apparent—or more consequential—than in the handling of its currency, the yuan.

# It's clear that some negative line about China was written because...

Starting line: "For over a decade, China has been the engine of global growth." is positive 

Next line was blank. 

Further... line is negative: "The stock market has been in turmoil, again."

Hence, it's clear "C" option: "But the blistering pace of economic expansion has slowed" which is only negative line among the options will fit as blank. 

Please note: "Blistering" means "Intense"

Q5: Rearrange the following six sentences (A), (B), (C), (D), (E) and (F) in the proper  sequence to form a meaningful paragraph :

A.   Further, for opening new branches or shifting branches outside a city, town or village, permission of the Reserve Bank is required.

B.   Before granting licence, Reserve Bank has to be satisfied by inspection or otherwise of the suitability of the company for licence.

C.   The Reserve Bank has the discretion to reject licence or approve the licence on such conditions as it thinks fit.

D.   A company wanting to commence banking business requires prior licence from the Reserve Bank.

E.   Banking companies have to have a minimum capital and reserves as specified in the Banking Regulation Act.

F.    A licence once given may also be cancelled after giving the bank an opportunity to be heard.

Answer: The correct rearrangement is :  DCBFAE

D.   A company wanting to commence banking business requires prior licence from the Reserve Bank.

C.   The Reserve Bank has the discretion to reject licence or approve the licence on such conditions as it thinks fit.

B.   Before granting licence, Reserve Bank has to be satisfied by inspection or otherwise of the suitability of the company for licence.

F.    A licence once given may also be cancelled after giving the bank an opportunity to be heard.

A.   Further, for opening new branches or shifting branches outside a city, town or village, permission of the Reserve Bank is required.

E.   Banking companies have to have a minimum capital and reserves as specified in the Banking Regulation Act.

Q6: Comprehension:

The Reserve Bank of India (RBI) stipulated that debit cards would be issued to customers having Savings Bank and Current Accounts but not to cash credit or loan account holders. Banks may issue only online debit cards, including co-branded debit cards where there is an immediate debit to the customers’ account, and where straight through processing is involved. 

Banks are, henceforth, not permitted to issue offline-debit cards. Banks which are now issuing offline debit cards may conduct a review of their offline debit card operations and discontinue operations of such cards within a period of six months from the date of the circular issued.

Banks were also asked to ensure that customers were duly informed regarding switching over to online debit cards. However, till such time as offline cards were phased out, the outstanding balances / unspent balances stored on the cards would be subject to computation of reserve requirements.

As per the notification, no bank shall dispatch a card to a customer unsolicited, except in the case where the card is a replacement for a card already held by the customer. Each bank shall make available to the cardholders in writing, a set of contractual terms and conditions governing the issue and use of such a card. These terms shall maintain a fair balance between the interests of the parties concerned and shall be expressed clearly.

The terms shall specify that the bank shall be responsible for direct losses incurred by a cardholder due to a system malfunction directly within the bank’s control. However, banks would not be held liable for any loss caused by a technical breakdown of the payment system if the breakdown of the system was recognizable for the cardholder by a message on the display of the device or otherwise known. The responsibility of the bank for the non-execution or defective execution of the transaction is limited to the principal sum and the loss of interest subject to the provisions of the law governing the terms.

With a view to reducing the instances of misuse of lost/stolen cards, the apex bank asked banks to issue cards with photographs of the cardholder or any other advanced methods that may evolve from time to time. Banks should undertake review of their operations/issue of debit cards on half-yearly basis. The review would include, inter-alia, card usage analysis, including cards not used for long duration due to their inherent risks.

Banks were asked to ensure to put in place an effective mechanism for redressal of customer complaints. The name, designation, address and contact number of important executives as well as the grievance redressal officer of the bank may be displayed on the website. Also, there should be a system of acknowledging customers’ complaints for follow-up, such as complaint number / docket number.

Q: Which of the following is FALSE, according to the passage?

(1) Every year Banks should undertake review of their operations/issue of debit cards.

(2) Banks should resort to advanced methods to reduce the instances of misuse of lost/stolen cards

(3) Bank would be responsible for direct losses incurred by a cardholder because of a system malfunction directly within the bank’s control

(4) Each bank should make available to the cardholders in writing, a set of contractual terms and conditions governing the issue and use of a debit card

(5) All of the above

Answer: (1) Every year Banks should undertake review of their operations/issue of debit cards.

Explanation: 

Here line is written: "Banks should undertake review of their operations/issue of debit cards on half-yearly basis." 

It's clearly mentioned: *half yearly basis" but in option no. 1: It's written "Every year" means "Yearly/Annually" basis. 

So, 

"Every year Banks should undertake review of their operations/issue of debit cards." is false.