IBPS Clerk Exam Question paper with answer
Directions
(Q. 1 to 5): Read
each of the following sentences to find out whether there is any error in it.
The error, if any, will be in one underlined part. The alphabet of that part is
answer. If there is no error, the answer is ‘E’ (Ignore the error of
punctuation, if any).
1. Hardly he reached/A)
to his seat /B) than he /C) was called back by his boss/D). No error/E)
2. Baba Saheb Ambedakar
rose/A) more highly than /B) his contemporary political leaders/C) by sheer
dint of merit/D). No error/E)
3. Politicians always
are/A) indulged in/B) controversies/C) of sorts/D). No error/E)
4. It’s only later/A)
that she’s been/B) well enough /C) to go out/D). No error/E)
5. She usually
learns/A) language very quickly/B) but she did not seem/C) able to learn
Sanskrit/D). No error/E)
Directions
(Q. 6 to 10): Each
question below consists of a word printed in capital letters. Choose the word
that is most nearly opposite in meaning to the word in capitalized letters.
6. FIASCO
(a)empathy
(b) animosity
(c) Swindle
(d) success
(e) Petulance
7. ALTRUISM
(a) Surrogate
(b) discord
(c)
Selfishness
(d) anarchy
(e) Savagery
8. PERFUNCTORY
(a) Prohibited
(b) mean
(c) Thorough
(d) petty
(e) Brazen
9. DEFINTE
(a) Indirect
(b) vague
(c) Separate
(d) acute
(e) Perfect
10. PLACID
(a) Depressed
(b) feign
(c) Trifling
(d) swayed
(e) Ruffled
Directions
(Q. 11 to 15): Read
each of the following sentences to find out whether there is nay error in it.
Each sentence has four words or phrases underlined. The error, if any, will be
is one underlined part. The alphabet of that part is answer, if there is no
error, the answer is ‘E’. (Ignore the error of punctuation, if any).
11. He will be/A)
released from/b) the/C) prison after/D) a week. No error/E)
12. Finally/A), the
government has succeeded to bring/B) about/C) consensus over/D) economic
reforms. No error/E)
13. She knew/A) that/B)
what her mother was/C) saying is/D) correct. No error/E)
14. Prof.
Narayanan’s/A) command/B) both of his subject and his language/C) is/D)
perfect. No error/E)
15. There was/A)
violent protests against/B) Religious places bill both in/C)Delhiand/D) in lucknow. No error/E)
Directions
(Q. 16 to 20): Read
each of the following sentences, some part or all the sentence is underlined.
Below each sentence is given five ways of phrasing. Select the answer from among
the five options which produces the most effective sentence, one that is clear
and exact.
16. When the Mughal
empire was on the decline, among the casualties it claimed, was hundreds of
Nawabs.
(a) Among the
casualties it claimed, was hundreds of Nawabs.
(b) Among the
casualties, it claimed, were hundreds of Nawabs.
(c) Among the
casualties it claimed, was the hundreds of Nawab.
(d) Among the
casualties it claimed, were the hundreds of Nawab.
(e) Among the
casualties it had claimed, was the hundreds of Nawabs.
17. Promod Mahajan is
more vocal but not as competent as his senior party leaders.
(a) Is more vocal but
not as competent as
(b) Is more vocal but
not competent as
(c) Is more vocal than
not competent as
(d) Is more vocal than
but not as competent as
(e) More vocal but
least competent than
18. Khushwant Singh was
never come out from his sex obsession, his new novel. ‘In company of women’ is
nothing than a fiction on cheap sex.
(a) Is nothing than a
fiction on cheap sex?
(b) Has nothing than a
fiction about cheap sex?
(c) Is nothing of a
fiction on cheap sex?
(d) Is nothing but a
fiction on cheap sex?
(e) Is about noting
than a fiction on cheap sex.
19. Whether Suzuki will
make a bid to the government stake will have to be weighed.
(a) A bid to the government
stake will have to be weighed.
(b) A bid for the
government stake will have to be weighed.
(c) A bid to the
government stake will be weighed.
(d) A bid for the
government stake will have weighed.
(e) A bid on the
government stake will be weighed.
20. For some reason,
women’s contribution to science, technology and literature are considerably
lower than man.
(a) Are considerably
lower than men.
(b) Are considerably
lower to men.
(c) Is considerably
lower than men.
(d) Is considerably
lower than that of men.
(e) Are considerably
lower to that of men.
Directions
(Q. 21 to 25): Each
of the questions below has a phrase/clause underlined. From the given options
choose the word that is similar in meaning to the underlined part.
21. Please leave the
door slightly open.
(a) Lewd
(b) incantatory
(c) Astray
(d) ajar
(e) Chasm
22. The swindler used a
series of false names.
(a) Delinquencies
(b) aliases
(c) Masons
(d) mates
(e) Alibi
23. Ill tempered bus
conductor had brief noisy argument with a passenger.
(a) Transgression
(b) burlesque
(c) Anodyne
(d) parachronism
(e) (An) altercation
24. This situation is
in every way different from the earlier situation.
(a) Enviably
(b) altogether
(c) Specially
(d) eternally.
(e) Balefully
25. Creation of rural
character and atmosphere in drawing room is in vogue today.
(a) Amalgamation
(b) muddle
(c) Ambiance
(d) modesty
(e) Arrangement
Directions (Q. 26 to
30): Arrange the following b, c, d and e sentences between (a) and (f) in a
logical sequence in order to construct a logical coherent paragraph.
26.
a. There is one but
truly serious problem and that is suicide.
b. Judging whether life
is worth living or not amounts to answering the fundamental problem of our
existence.
c. As for me, I have
come to believe that to die well requires greater moral stamina than to live
well.
d. Heroism consists in
facing death with equanimity.
e. Since in the
beginning people have debated whether it is natural or perverse to escape from
life’s difficulties.
f. And this reflects
the highest qualities of a well resolved life.
(a) abcdef
(b) acbdef
(c) adbcef
(d) abecdf
(e) aebdcf
27.
a, One such faith which
seems well developed and has many oral texts that are beautiful is the faith of
the tribal of Arunachal Pradesh.
b. Only the name is
new.
c. They have in them
the magic that lends itself graciously to piety.
d. Today the tribes
have given it a name Donyi Poloism.
e. Their sacred texts
called’ a ‘abhangs’ are as old as the hills.
f. It has served them
well in the difficult conditions on the eastern Himalayas
where the life is hard and cold.
(a) abcdef
(b) acbdef
(c) adbecf
(d) aebdcf
(e) abedcf
28.
a. Blame it on the cow or on the sun.
b. Australian
scientists doing an inventory of green house gasses came up recently with
methane emission.
c. Belching and
flatulence in cows and sheep produce an estimated 90 percent of Australiaâ™s methane emission in agricultural sector.
d. To every one’s
astonishment they traced the source to Australia’s cattle’s which produce
a six and half billion of methane annually, emitted largely through burps.
e. Never before has a
hot environmental issue like global warning generated 50 many studies that seem
intent on placing onus for our heated planet on sources ranging from the cattle
to the cosmos.
f. Methane is said to
be 25 percent more potent than carbon dioxide (CO2) in contributing to global
warming.
(a) abcdef
(b) acbdef
(c) adbcef
(d) aebdcf
(e) acdebf
29.
a. understandably, high
profile business barons have begun lobbying for a change in SEBI’s takeover
code.
b. This flies in the
face of the logic.
c. Promoters are not
required to hold 100 percent equity in a company to control it.
d. One of the
suggestions is that raiders should be asked to make an open offer for 100
percent of the target’s equity, not just 20 percent.
e. Why should raiders
be asked to do so?
f. Besides, it would
become prohibitively expensive for potential predators to dislodge managements,
regardless of their performance, and be a body blow to shareholders democracy.
(a) abcdef
(b) acbdef
(c) acdebf
(d) adbcef
(e) adecbf
30.
a. The Indian
hand-knotted carpet industry is a traditionally rural based cottage industry.
b. It is highly labour
intensive and almost entirely export oriented.
c. It is when the
migration of skilled craftsummer from Persia
and Afghanistan
took place.
d. The present dominant
tradition of pile carpet goes back to 16th centery.
e. The patronage
extended by Mughal rulers enabled the craft to take its root and flourish in India.
f. The newly revived
carpet industy in India
had to follow the traditional oriental style to compete in the market.
(a) abcdef
(b) acbdef
(c)
abdecf
(d) adbcef
(e) abdcef
Directions
(Q. 31 to 35): In
each of the following sentences there are two blank spaces. Below each sentence
there are five pairs of words/ phrases. Choose a pair of words /phrases that
fits into the blanks to give a meaningful sentence.
31. India was up
for grabs and the only ———block was the English-who also——-imperial ambitions.
(a) Impeding; promoted
(b) solid; encouraged
(c) Stumbling; fostered
(d) limping; nurtured
(e) Mature; having
32. A———of guides
surrounded me, all offering their services to ———me around the temple.
(a) Flock; tour
(b) gaggle; escort
(c) Bundle; guide
(d) multitude; chase
(e) Huddle; follow
33. Much love and —–had
gone into ——–one of the most undignified diseases known to man.
(a) Devotion;
submerging
(b) care; enduring
(c) Sympathy;
overpowering
(d) discipline; defeating
34. And it was Clive
who was given the job of ——-the ——–that was to become known as the black hole
of Calcutta.
(a) Avenging; tragedy
(b) revenging; incidence
(c) Placating; nawab
(d) punishing; hooligans
(e) Managing; comedy
35. Then he ———–my hand
and kissed it repeatedly found it all immensely —————.
(a) Held; quavering
(b) grabbed; embarrassing
(c) Caught; inspiring
(d) gobbled; sophisticated
(e) Swayed; annoying.
Directions
(Q. 36 to 40): Each
of the sentences below has one or more blank spaces. Each blank indicating that
a word has been omitted. Beneath each sentence five words or set of words are
given. Which, when inserted in the sentence, best fit in the meaning of the
sentence as a whole.
36. We admired the
triumphant but we did not ———–what we knew we could not ———-.
(a) Visualize; attain
(b) envy; emulate
(c) Estimate; examine
(d) aggrandize; suppress
(e) Follow; target
37. They are making the
new ball ————a lot this morning.
(a) Elevate
(b) transcend
(c)
turn-away
(d) swerve
(e) Raise
38. One likes to have
an ———-of books on their self.
(a) Illustration
(b) array
(c) Outline
(d) extension
(e) Abode
39. We turn again to
him in the expectation that some thing profoundly ———will be said to us.
(a) Agrarian
(b) illuminating
(c) Belligerent
(d) pliable
(e) Palatable
40. The falling water
plashed with a ———-sound as soft as a sleep.
(a) Devilish
(b) shallow
(c) Murmurous
(d) appreciative
(e) Mute
Directions
(Q. 41 to 50): Read
the following passage carefully and answer the questions that follow.
With the economy
experiencing lower real growth than anticipated by some, higher inflation,
incomplete adjustment to external (oil) price shocks and sluggish reforms,
there is renewed pressure on the rupee. The RBI has often proclaimed that it is
not interested in pegging the value of the rupee with respect to the dollar at
any particular level but only in minimizing volatility. Thus, a policy of
leaning against the wind’: if rupee value moves ‘too fast’, various policy
measures are unleashed.
These range from ‘talking
to dealers’, implicitly taxing locked in export earnings, intervening in the
foreign exchange market and changing the bank rate. Surely, the current point
blank refusal of the RBI alter the bank rate is part of the set of policies to
soften the pressures on the rupee. At the same time, the sluggish growth of the
economy has prompted calls for loosening monetary policy. It is important to
understand the implications of this against the background of the chosen
exchange rate regime and other instruments of policy, especially fiscal policy.
The word over, being part of an internationally integrated financial system has
made the variable-peg exchange rate regime difficult to practice, particularly
for developing countries. Countries are moving either in the direction of an
immutable fix (currency boards, depolarisation) or managed floating. The RBI
appears to have moved decisively in the direction of managed float. However,
its professed objective of minimizing volatility has often been understood as
pegging, especially because the exchange value of the rupee against the dollar
has a definite downward trend. A move toward either a variable peg or managed
float vis-à-vis a dominant currency like the dollar in the context of highly
integrated capital markets has serious implications for the conduct of monetary
policy. These go beyond the simple dictum of the Mundell-Flemming model: with a
fixed exchange rate you give up independent monetary policy whereas with a
managed float, the efficacy of fiscal policy is compromised.
With a managed float
both the interest rate and the exchange rate become part of the monetary
transmission mechanism. Thus, a pure interest rate shock (say a fall) will have
complex effects. In addition to the standard income effect (a fall in the rate
implies lower income from savings thus lowering current consumption) and
substitution effect (a fall in the interest rate decreases the attractiveness
of postponing consumption) there will be effects on asset prices and value of
debt stocks of different term structures and associated risks. The inclusion of
exchange rate in the transmission mechanism adds another layer of uncertainty.
An expansionary monetary policy would lead to a weaker rupee.
This would shift
consumption away from imports (the substitution effect) and should have direct
pass-through effects on the prices of exports, imports and substitutes for
imports and exports. However, a weaker rupee would turn the terms of trade
against us, which would reduce spending. Increase in the domestic resource cost
of financing external debt repayments, consequent upon a weaker rupee, will
have a wealth effect and also discourage spending. These effects would tend to
reduce the expansionary impact of the postulated loose monetary policy.
With complementary
exchange and interest rate movements, interest rates will have to fall less to
effect any desired level of monetary expansion. Consequently, domestic bond
prices do not rise by enough in response to monetary expansion. If such bonds
then become the basis for further domestic credit expansion then the
expansionary expectations from monetary profligacy would have been belied.
Also, the smaller fall in interest rates will not lower the cost of servicing
the internal debt as much as expected and would not be able to stimulate
private investment by as much.
However, the lower
value for the rupee would make domestic producers more competitive so that the
trade deficit might narrow. As a consequence the foreign debt may not go up at
least on this count.
A fiscal policy that
arrests the fall in the value of the rupee and permits sufficient drop in the
interest rate would be the obvious antidote in this situation. A natural
corollary would be that if monetary policy is directed primarily toward price
stabilization, then fiscal policy should be used for correcting the external
imbalance. But such a fiscal policy becomes difficult to pursue if exchange
rate expectations are volatile. Volatile expectations are rational if exchange
rates overshot equilibrium values in response to a monetary shock.
In addition, financial
markets (domestic and international) are subject to ‘bubble like behaviour’.
Each such bubble would correspond to markets reacting to ‘news’ that could not
be justified as ‘rational’ by subsequent events. Examples would include the
recent overvaluation of technology stocks as well as the strength of the yen in
early 1995. Such sharp changes in asset values would reverberate in currency
markets. Even if interest rate movements offset the implied changes in currency
values, there would be an effect on anticipated inflation (through prices of
imports and exports) in an economy that is getting increasingly integrated with
the world economy. This would again impact on the monetary transmission
mechanism.
For these reasons
countries look for capital controls as a way to ease the pressure on monetary
and fiscal policy when international capital markets are highly integrated.
Thus, China, Malaysia, Russia and others have opted for some forms of capital
controls. Chile experimented with a much-studied form of capital controls and
India shelved its plans for capital account convertibility. However, the danger
with capital controls is that they tend to become porous over time. Further,
they may, like most controls, be misused. All these tend to make the choice of
fixed exchange rate regime, which can be changed when needed (a variable peg),
look attractive.
41. Exchange rate
mechanism adopted by RBI for rupee is
(a) Immutable fixed
exchange rate.
(b) Managed-floating exchange
rate.
(c) Free-floating
exchange rate.
(d) Any of the above,
depending upon the prevailing over-all economic situation.
(e) None of the above
42. What is related to
Mundell-Flemming model?
(a) A country has to
give up its independent monetary policy in fixed exchange rate mechanism.
(b) With a managed
float exchange rate mechanism effectiveness of the fiscal policy is at stakes.
(c) Managed float
exchange rate mechanism is most appropriate
(d) Both A and B
(e) None of the above
43. What possible effect
might depreciating rupee have on foreign debt?
(a) Foreign debt is
likely to increase.
(b) Foreign debt is
likely to remain unaffected
(c) Foreign debt is
likely to decrease.
(d) The foreign-trade
deficit might increase
(e) None of the above
44. Which of the
following trend might be considered as not healthy for Indian economy?
(a) A relatively stable
rupee
(b) A low interest
rate.
(c) A volatile rupee in
foreign exchange market
(d) A monetary policy
directed towards domestic price stabilisation.
(e) Only C and D
45. What is implied by
‘leaning against the wind’ mentioned in the first paragraph?
(a) That RBI is
interested in maintaining a fixed price of rupee with respect to dollar.
(b) That monetary
policy is dependent upon fiscal policy
(c) That RBI will
intervene in currency market if slide in value of rupee is ‘too fast’
(d) That Government of
India (Gol) will only regulate policies to minimize untoward fluctuations in
foreign currency market.
(e) None of the above.
46. Which policy
measures is not adopted by RBI to control the value of rupee in the currency
exchange market?
(a) Regulation of bank
rate.
(b) Fixation of value
of rupee at a desired level with respect to dollar.
(c) Taxing locked in
export earnings.
(d) By directly
intervening in the foreign exchange market.
(e) None of the above
47. If the bank rates
are decreased substantially what effect it would have on rupee in foreign
currency exchange market?
(a) The value of rupee
will appreciate.
(b) The value of rupee
will depreciate.
(c) Indian rupee will
remain unaffected.
(d) Value of rupee
depends upon multiple of other factors and its effects would be difficult to
predict.
(e) Only A and D
48. What is meant by
‘bubble like behaviour’?
(a) Reverberations in
currency market because of sharp changes in asset value.
(b) Over valuation of
technology stocks.
(c) Irrational behavior
of financial market leading to occasional boom-bust cycle.
(d) Unjustified
strength of yen in mid 1990s.
(e) All of the above
49. Why do some
countries opt for some form of capital controls to regulate the value of their
currency in foreign exchange?
(a) To ease the
pressure on monetary and fiscal policy in globalised capital market.
(b) To control capital
account convertibility of currency
(c) To make capital
control more porous.
(d) Only A and C
(e) All the above
50. What is the
suggestion of the author regarding monetary transmission mechanism for India?
(a) Rupee should be
made fully convertible on capital account.
(b) Fixed exchange rate
regime is best suited for India
(c) India’s managed
float mechanism is best in present circumstance
(d) Rupees value should
be fixed to a basket of international currency.
(e) All of the above
Answer
these Questions:-
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
C
|
B
|
A
|
A
|
C
|
D
|
C
|
C
|
B
|
E
|
11
|
12
|
13
|
14
|
15
|
16
|
17
|
18
|
19
|
20
|
D
|
B
|
D
|
C
|
A
|
B
|
D
|
D
|
B
|
D
|
21
|
22
|
23
|
24
|
25
|
26
|
27
|
28
|
29
|
30
|
D
|
B
|
E
|
B
|
C
|
D
|
C
|
D
|
D
|
E
|
31
|
32
|
33
|
34
|
35
|
36
|
37
|
38
|
39
|
40
|
C
|
B
|
E
|
D
|
B
|
B
|
D
|
B
|
B
|
C
|
41
|
42
|
43
|
44
|
45
|
46
|
47
|
48
|
49
|
50
|
B
|
D
|
A
|
C
|
C
|
B
|
D
|
C
|
A
|
C
|
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