Vocabulary For IBPS Clerk Mains Examination

Dear Readers,

Vocabulary is an important part of English that helps you deal with all kinds of questions in objective as well as descriptive papers of various exams. You can learn new words daily from our Daily Word List. Learn the words and make your own sentences on the basis of the given word list. Here are a few words from an article published in The Economic Times.

The country’s biggest lender reducing lending rates by 30 basis points to three things: one, the general rule of demand and supply works in the case of loans, as well; the RBI has all along been right in insisting that there is room for banks to lend lower even without policy rates being cut further; and, the government has to step up public investment to revive growth.

 State Bank of India, it has been reported, made more money in the first nine months of this financial year from fines on customers whose deposits dipped below the minimum balance requirement than its profits for the second quarter.

The banks are awash(1) with liquidity and the demand for credit is anemic. So, SBI pared down(2) its deposit rates and has now lowered the lending rate, presumably(3), to attract fresh borrowers. This is welcome.

Equally welcome is the bank’s savvy(4) move to offer the lower rate to existing borrowers, in contrast to the normal practice of reserving such benefits for new customers.

This should make SBI customers less eager to be tempted(5) by rival offers from other banks. In the new year, the world economy is expected to strengthen, across the board. This should see monetary tightening in the US and Europe and, possibly, even in Japan.

That would make it harder for India’s monetary policy to turn accommodative(6), for fear of making the dollar efflux(7), inevitable(8) when the risk-free return in industrial countries goes up, even stronger and putting downward pressure on the rupee. If with no reduction in the repo rate and a prospect of the rate hardening, if anything, the banks’ lending rates go down, it bears out(9) the proposition that banks have the scope to reduce lending rates without additional policy action by the central bank.

Sluggish(10) demand for credit does not speak of rude economic health. Supply of loans will not, by itself, create demand. That has to come from giving stalled investment a push, of the kind the government has promised via its Bharatmala and rail expansions. The government has to get infrastructure investment going, and revive the public-private-partnership mode to that end.

1. Awash [uh-wosh, uh-wawsh]
Adjective: just level with or scarcely above the surface of the water, so that waves break over the top, as the upper deck of a ship in a heavy sea; covered with water; washing about; tossed about by the waves; covered, filled, or crowded.
Synonyms: afloat, flooded, inundated, flush, flushed, overflowing.

2. Pare down
Verb: to cut someone down to something or a smaller size.

3. Presumably [pri-zoo-muh-blee]
Adverb: by assuming reasonably; probably.
Synonyms: apparently, doubtless, probably, seemingly, supposedly, surely, presumptively, assumably, credible, doubtlessly, hypothetically, in all likelihood, in all probability, indubitably, it would seem, most likely, on the face of it, theoretically, unquestionably.
Antonyms: improbably, questionably, uncertain, unlikely.

4. Savvy [sav-ee]
Adjective: experienced, knowledgable, and well-informed; shrewd (often used in combination): consumers who are savvy about prices.
Noun: practical understanding; shrewdness or intelligence; common sense.
Verb: to know; understand.

5. Tempt [tempt]
Verb: to entice or allure to do something often regarded as unwise, wrong, or immoral; to attract, appeal strongly to, or invite; to render strongly disposed to do something.
Synonyms: appeal to, attract, captivate, charm, dare, fascinate, induce, intrigue, invite, motivate, persuade, seduce, stimulate, tantalize, woo, allure, bait, coax, court, decoy, draw, entrap, honey, hook, incite, influence, instigate, inveigle, move, oil, promote.
Antonyms: bore, depress, discourage, disenchant.

6. Accommodative [uh-kom-uh-dey-tiv]
Adjective: tending to accommodate; adaptive.

7. Efflux [ef-luhks]
Noun: outward flow, as of water; something that flows out; effluence; a passing or lapse of time; a passing away; expiration; ending.
Synonyms: discharge, effluence, emanation.

8. Inevitable [in-ev-i-tuh-buh l]
Adjective: unable to be avoided, evaded, or escaped; certain; necessary; sure to occur, happen, or come; unalterable.
Noun: that which is unavoidable.
Synonyms: imminent, impending, inescapable, inexorable, irresistible, necessary, unavoidable, undeniable, binding, doomed, pat, all locked up, assured, compulsory, decided, decreed, destined, determined, fated, fateful, fixed, for certain, foreordained, in the bag, ineluctable.
Antonyms: avoidable, distant, escapable, later.

9. Bear out
Verb: to support or prove a claim or idea.

10. Sluggish [sluhg-ish]
Adjective: indisposed to action or exertion; lacking in energy; lazy; indolent; not acting or working with full vigor, as bodily organs; slow to act or respond.
Synonyms: heavy, inactive, lethargic, listless, slack, slow, stagnant, apathetic, blah, comatose, dopey, down, dragging, draggy, drippy, hebetudinous, indolent.
Antonyms: active, alert, busy, energetic.

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