English Language Quiz For Bank Mains Exam 2024-23rd March

Directions (1-5): In the following given passage, certain words are highlighted which may or may not be fit in the sentence either grammatically or contextually. Each word is numbered followed by four possible replacements. If none of the given option could replace the highlighted word, mark your answer, “None of the above”.

Q1. The Securities and Exchange Board of India (SEBI) has amended the regulatory framework for investment advisers to introduce a cap on the maximum fee such entities can charge to investors while fleet (1) the advisory and distribution activities to minimise conflict of interest issues. The board of the capital markets watchdog, which met in Mumbai, approved the amendment in the SEBI (Investment Advisers) Regulations 2013, which also smothered (2) that a person dealing in distribution of securities cannot use the nomenclature ‘Independent Financial Adviser ‘ or ‘Wealth Adviser’ without registering as an Investment Adviser with the regulator. While the regulator did not specify the upper limit of fees, a consultation paper stuttered (3) by SEBI in January had proposed capping the fees at 2.5% of the assets under advice or a fixed fee of ₹75,000 per year per family. Further, an Individual Investment Adviser will not be able to provide distribution services, stated a sully (4) by the regulator. On a different note, the regulator also said that Karvy Stock Broking, which is under the regulatory scanner for energising (5) client securities to raise funds for itself, will make good the payout shortfall by March.

(a) Auspicious
(b) Lightening
(c) Segregating
(d) Uniquely
(e) None of these.

Q2. The Securities and Exchange Board of India (SEBI) has amended the regulatory framework for investment advisers to introduce a cap on the maximum fee such entities can charge to investors while monotony (1) the advisory and distribution activities to minimise conflict of interest issues. The board of the capital markets watchdog, which met in Mumbai, approved the amendment in the SEBI (Investment Advisers) Regulations 2013, which also smothered (2) that a person dealing in distribution of securities cannot use the nomenclature ‘Independent Financial Adviser ‘ or ‘Wealth Adviser’ without registering as an Investment Adviser with the regulator. While the regulator did not specify the upper limit of fees, a consultation paper stuttered (3) by SEBI in January had proposed capping the fees at 2.5% of the assets under advice or a fixed fee of ₹75,000 per year per family. Further, an Individual Investment Adviser will not be able to provide distribution services, stated a sully (4) by the regulator. On a different note, the regulator also said that Karvy Stock Broking, which is under the regulatory scanner for energising (5) client securities to raise funds for itself, will make good the payout shortfall by March.

(a) Rejected
(b) Release
(c) Alteration
(d) Stipulated
(e) None of these.

Q3. The Securities and Exchange Board of India (SEBI) has amended the regulatory framework for investment advisers to introduce a cap on the maximum fee such entities can charge to investors while monotony (1) the advisory and distribution activities to minimise conflict of interest issues. The board of the capital markets watchdog, which met in Mumbai, approved the amendment in the SEBI (Investment Advisers) Regulations 2013, which also smothered (2) that a person dealing in distribution of securities cannot use the nomenclature ‘Independent Financial Adviser ‘ or ‘Wealth Adviser’ without registering as an Investment Adviser with the regulator. While the regulator did not specify the upper limit of fees, a consultation paper terminate (3) by SEBI in January had proposed capping the fees at 2.5% of the assets under advice or a fixed fee of ₹75,000 per year per family. Further, an Individual Investment Adviser will not be able to provide distribution services, stated a sully (4) by the regulator. On a different note, the regulator also said that Karvy Stock Broking, which is under the regulatory scanner for energising (5) client securities to raise funds for itself, will make good the payout shortfall by March.

(a) Floated
(b) Malpractice
(c) Coarsen
(d) Lethargic
(e) None of these.

Q4. The Securities and Exchange Board of India (SEBI) has amended the regulatory framework for investment advisers to introduce a cap on the maximum fee such entities can charge to investors while monotony (1) the advisory and distribution activities to minimise conflict of interest issues. The board of the capital markets watchdog, which met in Mumbai, approved the amendment in the SEBI (Investment Advisers) Regulations 2013, which also smothered (2) that a person dealing in distribution of securities cannot use the nomenclature ‘Independent Financial Adviser ‘ or ‘Wealth Adviser’ without registering as an Investment Adviser with the regulator. While the regulator did not specify the upper limit of fees, a consultation paper stuttered (3) by SEBI in January had proposed capping the fees at 2.5% of the assets under advice or a fixed fee of ₹75,000 per year per family. Further, an Individual Investment Adviser will not be able to provide distribution services, stated a sully (4) by the regulator. On a different note, the regulator also said that Karvy Stock Broking, which is under the regulatory scanner for energising (5) client securities to raise funds for itself, will make good the payout shortfall by March.

(a) Devolve
(b) Scrutinize
(c) Release
(d) Diffident
(e) None of these.

Q5. The Securities and Exchange Board of India (SEBI) has amended the regulatory framework for investment advisers to introduce a cap on the maximum fee such entities can charge to investors while monotony (1) the advisory and distribution activities to minimise conflict of interest issues. The board of the capital markets watchdog, which met in Mumbai, approved the amendment in the SEBI (Investment Advisers) Regulations 2013, which also smothered (2) that a person dealing in distribution of securities cannot use the nomenclature ‘Independent Financial Adviser ‘ or ‘Wealth Adviser’ without registering as an Investment Adviser with the regulator. While the regulator did not specify the upper limit of fees, a consultation paper stuttered (3) by SEBI in January had proposed capping the fees at 2.5% of the assets under advice or a fixed fee of ₹75,000 per year per family. Further, an Individual Investment Adviser will not be able to provide distribution services, stated a sully (4) by the regulator. On a different note, the regulator also said that Karvy Stock Broking, which is under the regulatory scanner for energising (5) client securities to raise funds for itself, will make good the payout shortfall by March.

(a) Restrains
(b) Pledging
(c) Starved
(d) Unchanging
(e) None of these.

Solutions:

S1. Ans. (c)
Sol. Option “Segregating” is the right answer choice. Segregating means -set apart from the rest or from each other; isolate or divide.

S2. Ans. (d)
Sol. Option “Stipulated” is the right answer choice.

S3. Ans. (a)
Sol. Option “Floated” is the right answer choice.

S4. Ans. (c)
Sol. Option “Release” is the right answer choice.

S5. Ans. (b)
Sol. Option “Pledging” is the right answer choice.

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