Sunday, 10 July 2016

Banking Pathway: English Quiz

Directions (Q. 1-10): Read the passage given below and answer the questions that follow based on the information given in the passage.

Right through history, imperial powers have clung to their possessions to death. Why, then, did Britain in 1947 give up the jewel in its crown, India? For many reasons. The independence struggle exposed the hollowness of the white man’s burden. Provincial self-rule since 1935 paved the way for full self-rule. Churchill resisted independence, but the Labour Government of Atlee was anti-imperialist by ideology. Finally, the Royal Indian Navy Mutiny in 1946 raised fears of a second Sepoy Mutiny and convinced British waverers that it was safer to withdraw gracefully. But politico-military explanations are not enough. The basis of the empire was always money. The end of the empire had much to do with the fact that British imperialism had ceased to be profitable. World War II left Britain victorious but deeply indebted, needing Marshall Aid and loans from the World Bank. This constituted a strong financial case for ending the no-longer-profitable empire. Empire building is expensive. 

The US is spending one billion dollars a day in operations in Iraq that fall well short of full-scale imperialism. Through the centuries, empire building was costly, yet constantly undertaken because it promised high returns. The investment was in armies and conquest. The returns came through plunder and taxes from the conquered. No immorality was attached to imperial loot and plunder. The biggest conquerors were typically revered (hence titles like Alexander the Great, Akbar the Great, and Peter the Great). The bigger and richer the empire, the more the plunderer was admired. This mindset gradually changed with the rise of new ideas about equality and governing for the public good, ideas that culminated in the French and the American Revolutions. Robert Clive was impeached for making a little money on the side, and so was Warren Hastings. The white man’s burden came up as a new moral rationale for conquest. It was supposedly for The Princeton Review CAT sample paper 12 good of the conquered. This led to much-muddled hypocrisy. On the one hand, the empire needed to be profitable. On the other hand, the white man’s burden made brazen loot impossible. 

An additional factor deterring loot was the 1857 Sepoy Mutiny. Though crushed, it reminded the British vividly that they were a tiny ethnic group who could not rule a gigantic subcontinent without the support of important locals. After 1857, the British stopped annexing one princely state after another, and instead treated the princes as allies. Land revenue was fixed in absolute terms, partly to prevent local unrest and partly to promote the notion of the white man’s burden. The empire proclaimed itself to be a protector of the Indian peasant against exploitation by Indian elites. This was denounced as hypocrisy by nationalists like Dadabhai Naoroji in the 19th century, who complained that land taxes led to an enormous drain from India to Britain. Objective calculations by historians like Angus Maddison suggest a drain of perhaps 1.6 percent of Indian Gross National Product in the 19th century.

But land revenue was more or less fixed by the Raj in absolute terms, and so its real value diminished rapidly with inflation in the 20th century. By World War II, India had ceased to be a profit centre for the British Empire. Historically, conquered nations paid taxes to finance fresh wars of the conqueror. India itself was asked to pay a large sum at the end of World War I to help repair Britain’s finances. But, as shown by historian Indivar Kamtekar, the independence movement led by Gandhiji changed the political landscape, and made mass-taxation of India increasingly difficult. By World War II, this had become politically impossible. Far from taxing India to pay for World War II, Britain actually began paying India for its contribution of men and goods. Troops from white dominions like Australia, Canada, and New Zealand were paid for entirely by these countries, but Indian costs were shared by the British government. Britain paid in the form of non-convertible sterling balances, which mounted swiftly. The conqueror was paying the conquered, undercutting the profitability on which all empire is founded. Churchill opposed this, and wanted to tax India rather than owe it money. But he was overruled by Indian hands, who said India would resist payment, and paralyze the war effort. Leo Amery, Secretary of Sta te for India, said that when you are driving in a taxi to the station to catch a life-or-death train, you do not loudly announce that you have doubts whether to pay the fare. Thus, World War II converted India from a debtor to a creditor with over one billion pounds in sterling balances.

Britain, meanwhile, became the biggest debtor in the world. It’s not worth ruling over people who are afraid to tax.

1. Which of the following was NOT a reason for the emergence of the ‘white man’s burden’ as a new rationale for empire building in India?
1) The emergence of the idea of the public good as an element of governance.
2) The decreasing returns from imperial loot and increasing costs of conquest.
3) The weakening of the immorality attached to an emperor’s looting behaviour.
4) A growing awareness of the idea of equality among peoples.
5) None of these

2. Which of the following best expresses the main purpose of the author?
1) To present the various reasons that can lead to the collapse of an empire and the granting of independence to the subjects of an empire.
2) To point out the critical role played by the ‘white man’s burden’ in making a colonizing power give up its claims to native possessions.
3) To highlight the contradictory impulse underpinning empire building which is a costly business but very attractive at the same time.
4) To illustrate how the erosion of the financial basis of an empire supports the granting of independence to an empire’s constituents.
5) None of these

3. What was the main lesson the British learned from the Sepoy Mutiny of 1857?
1) That the local princes were allies, not foes.
2) That the land revenue from India would decline dramatically.
3) That the British were a small ethnic group.
4) That India would be increasingly difficult to rule. The Princeton Review CAT sample paper 13
5) None of these

4. Which of the following best captures the meaning of the ‘white man’s burden’, as it is used by the author?
1) The British claim to a civilizing mission directed at ensuring the good of the natives.
2) The inspiration for the French and the American Revolutions.
3) The resource drain that had to be borne by the home country’s white population.
4) An imperative that made open looting of resources impossible.
5) None of these

5. Why didn’t Britain tax India to finance its World War II efforts?
1) Australia, Canada, and New Zealand had offered to pay for the Indian troops.
2) India had already paid a sufficiently large sum during World War I.
3) It was afraid that if India refused to pay, Britain’s war efforts would be jeopardised.
4) The British empire was built on the premise that the conqueror pays the conquered.
5) None of these

Directions (Q. 6-8): Choose the word which is opposite in meaning to the word printed in bold as used in the passage.

6. proclaim
1) declare 
2) clarion 
3) trumpet
4) predicate 
5) deny

7. debtor
1) loanee
2) drawee 
3) mortgagor
4) defaulter 
5) mortagagee

8. hypocrisy
1) glibness 
2) phoniness 
3) honesty
4) quackery 
5) deceit

Directions (Q. 9-10): Choose the word which is most similar in meaning to the word printed in bold as used in the passage

9. imperialism
1) development 
2) quackery 
3) under progress
4) failure 
5) None of these

10. fresh
1) new 
2) old 
3) medium
4) light 
5) None of these

1. 2; 1, 3 and 4 are stated in the third paragraph.
2. 4; Refer to the last line of the first paragraph, the second
paragraph and the last line of the passage.
3. 3; Refer to the part it reminded the British vividly.
4. 1; Refer to the part it was supposedly for the good of the
5. 3; Refer to the part India would resist payment, and paralyze
the war effort.
6. 5
7. 5; mortgagee
8. 3
9. 1
10. 1

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