English Language Quiz For SBI Clerk Prelims 2023-16th November

Directions (1-10): In the following passage, some of the words have been left out, each of which is indicated by a number. Find the suitable word from the options given against each number and fill up the blanks with appropriate words to make the paragraph meaningfully complete.

Q1. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) change
(b) reforms
(c) steps
(d) transformation
(e) decision

Q2. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) declining
(b) languishing
(c) losing
(d) thriving
(e) failing

Q3. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) launch
(b) cast
(c) drive
(d) toss
(e) fire

Q4. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) taking
(b) subscribing
(c) offering
(d) sacrificing
(e) allotting

Q5. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) slowly
(b) sluggishly
(c) partly
(d) hardly
(e) swiftly

Q6. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) across
(b) against
(c) for
(d) with
(e) on

Q7. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) hedging
(b) facing
(c) meeting
(d) shuffling
(e) ducking

Q8. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) coming
(b) obtaining
(c) depriving
(d) arising
(e) going

Q9. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) weight
(b) scale
(c) standard
(d) estimate
(e) rate

Q10. Twenty-five years after the path-breaking ____(1)____ of 1991, the country lacks a ____(2)____ corporate bond market. Economist Madan Sabnavis suggests that junk bonds could serve as the ____(3)____ pad for the market. Such bonds, issued by companies with low credit rating and ____(4)____ high yields, would find takers, if three conditions are met. One, the Bankruptcy Code has to be operationalized, to ____(5)____ redeploy assets if projects fail. Two, credit default swaps must insure ____(6)____ default. And, three, there must be a developed market for ____(7)____ against possible risks ____(8)____ from interest rate and exchange ____(9)____ movements over the life of the bond. Appropriate interest and currency ____(10)____ are a must.

(a) product
(b) roots
(c) derivatives
(d) value
(e) invention

Solutions

S1. Ans.(b)
Sol. Reforms

S2. Ans.(d)
Sol. Thriving

 S3. Ans.(a)
Sol. Launch

S4. Ans.(c)
Sol. Offering

S5. Ans.(e)
Sol. Swiftly

S6. Ans.(b)
Sol. Against

S7. Ans.(a)
Sol. Hedging

S8. Ans.(d)
Sol. Arising

S9. Ans.(e)
Sol. Rate

S10. Ans.(c)
Sol. Derivatives

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