The Hindu Editorial Based Vocab for Competitive Exams : 31st August

Dear Aspirants,

The Hindu Editorial Based Vocab for Competitive Exams : 30th August

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. In the recently concluded SBI Exams, we witnessed that a major part of the exam was based on vocabulary. Many questions were vocab based and we can expect the same in the upcoming exams. It becomes very important to learn ample amount of words for the upcoming IBPS Exams. You can learn new words daily from our Daily Word List . Here is a list of words from the Hindu Editorial.  Learn the words and make your own sentences on the basis of the given word list.

Money, money, money: on demonetisation
The Centre may not own up to the fiasco of demonetisation, but it could sort out wrinkles
The Reserve Bank of India’s annual report for 2017-18 reveals that 99.3% of currency notes that were demonetised at midnight on November 8, 2016 have returned to the banking system. This is only marginally higher than its provisional estimate last year that over 99% — or ₹15.28 lakh crore worth of the old ₹500 and ₹1,000 notes — out of the ₹15.44 lakh crore that were in circulation at the time had been deposited by June 30, 2017. This makes a couple of things crystal clear. First, the hope that a large chunk of unaccounted money would not return to the system — arguably, the principal reason for the exercise — was almost wholly belied. As a result, the plan to transfer the arising surplus from the RBI to the Centre, which was not formally declared but strongly rumoured, was a non-starter. Second, given the sheer logistical difficulty in penalising all those who converted unaccounted money into legal tender, demonetisation worked as an unintended amnesty scheme. Despite the significant cost to the economy, demonetisation, to the disappointment of the Prime Minister’s critics, had no political fallout. Narendra Modi succeeded in portraying the move as one that would knock out the corrupt rich — a harsh but necessary shock therapy. This was perhaps why the massive disruption caused by the overnight removal of 86% of the currency in value terms did not cause agitations.
Nevertheless, the RBI report, which points to a spurt in counterfeiting of the new ₹500 and ₹2,000 notes, raises the old question all over again. Was it worth the slowdown in growth, the damage to informal sector supply chains, and job losses in sectors such as construction that were the bulwark of employment creation for the unskilled? True, there have been some benefits. For instance, the number of income tax returns filed has surged a little over the trend growth rate. But surely this could have been achieved by other policy measures. Cashless modes of payment have become more common, but financial savings in the form of currency have also risen, suggesting that people still value cash. Not all policy choices work out and accepting mistakes or planning flaws helps strengthen governance processes. For example, learning from the UPA’s mistakes, a cleaner auction process for natural resources has been worked out. The government must not disown its biggest reform attempt or try to sidestep parliamentary scrutiny of the outcomes of demonetisation. Instead, it could focus on fixing the problems that people still face — transactions with ₹2,000 notes in the absence of ₹1,000 notes are difficult as it is a departure from the currency denomination principle (every note should be twice or two and a half times its preceding denomination). Even as these issues are sorted out, the larger lesson must be heeded: sudden shocks to the economy don’t always yield intended policy objectives.

1. Fiasco: (noun) : असफलता
Meaning: something that has failed
Synonyms: bomb, bummer, bust, catastrophe, clinker, clunker, debacle, disaster, dud, failure, fizzle, flop, frost, lemon, loser, miss, shipwreck, turkey, washout
Antonyms: blockbuster, hit, smash, success, winner

2. Chunk: (noun) : टुकड़ा
Meaning: a considerable amount
Synonyms: abundance, barrel, boatload, bucket, bunch, bundle, bushel, carload
Antonyms: ace, bit, dab, dram, driblet, glimmer, handful, hint, lick, little, mite, mouthful, nip, ounce

3. Belie: (verb) : एक भ्रामक छाप देना
Meaning: to give a misleading impression of
Synonyms: misrepresent
Antonyms: betray, represent

4. Sheer: (adjective) : बहुत पतला और जिस से आसानी से देखा जा सके
Meaning: very thin and easy to see through
Synonyms: cobwebby, diaphanous, filmy, gauzelike, gauzy, gossamer, gossamery, see-through, transparent
Antonyms: cloudy, foggy, hazy, misty, murky, nebulous, smoky, drab, dull, lackluster, lusterless

5. Amnesty: (noun) : आम माफ़ी
Meaning: release from the guilt or penalty of an offense
Synonyms: absolution, forgiveness, pardon, remission, remittal
Antonyms: penalty, punishment, retribution

6. Spurt: (noun) : उछाल
Meaning: a sudden and usually temporary growth of activity
Synonyms: burst, flare, flare-up, flash, flicker, flurry, flutter, outbreak, outburst
Antonyms: calm, doldrums, slump

7. Counterfeit: (noun) : नक़ली, कृत्रिम
Meaning: an imitation that is passed off as genuine
Synonyms: fake, forgery, hoax, humbug, phony
Antonyms: original

8. Bulwark: (verb) : बचाना
Meaning: to drive danger or attack away from
Synonyms: cover, defend, fence, fend, guard, keep, protect, safeguard, screen, secure, shield, ward
Antonyms: assail, assault, attack

9. Scrutiny: (noun) : संवीक्षा, छानबीन
Meaning: a close look at or over someone or something in order to judge condition
Synonyms: audit, check, checkup, examination, going-over, inspection, look-see, review, scan, survey, view

10. Heed: (verb) : सावधान रहना, चौकसी रखना
Meaning: to take notice of and be guided by
Synonyms: follow, listen, mind, note, observe, regard, watch
Antonyms: disregard, ignore, tune out

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