Directions (1-5): 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 meaningful.
Selfless action is the outward (1) of selfless love. When the heart is filled with love, it expresses itself in the (2) of unselfish action. One is a deep inner (3) and the other its outward (4). Without deep, unconditional love, selfless actions cannot be performed. However, in the beginning of our journey, our self-love becomes the (5) force for each of our actions, even if we choose to call them selfless. Love for the ego, or oneself, is the predominant feeling in every human being. Unless this feeling withers away, real selflessness will not emerge.
Directions (6-10): 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.
By choosing Jean Tirole for the 2014 Nobel prize in economics, the Nobel Committee tips its hat at regulation of economic activity. Tirole has made fundamental (6) to the branch of economics called Industrial Organisation, which yields insights into regulate on, apart from other things. (7) with degrees in engineering and mathematics before getting his PhD in economics in 1981, Tirole was eminently placed to deploy game theory to model the incentives of the government, the regulator and the regulated (8) under different conditions of information sharing to give a formal, unified basis for coherent regulation.
Newspapers are spared charges of predatory pricing, thanks to Tirole’s (9) of platform businesses, a case of what economists call two-sided markets. Low cover prices —TV channels are often free, as are search engines and social media platform – go hand in hand with higher advertising revenue. So a business case motivates sustained pricing below the cost of production, rather than (10) desire to kill the competition. Along with long-time collaborator Jean-Jacques Laffont, Tirole has used formal analysis not only to validate intuitive judgements on optimal regulation but also to institute counter-intuitive insights.
Directions (11-15): 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 meaningful.
In July 2010, the government had (11) an expert committee led by RBI’s then deputy governor Shyamala Gopinath for a comprehensive review of the National Small Savings Fund (NSSF), which (12) Post Office savings account, Post Office time deposits (1, 2, 3 and 5 years), Post Office recurring deposits, Post Office monthly account, senior citizens savings scheme, National Savings Certificate (VIII-Issue and IX-Issue), Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Account.
It was asked to review the existing parameters for the small savings schemes in operation and (13) steps to make them more flexible and market-(14). Among other things, the committee recommended benchmarking the interest rates on small savings schemes to the (15) on government bonds with a spread of 25 basis points, to be revised annually.
S1. Ans. (d)
S2. Ans. (b)
S3. Ans. (c)
S4. Ans. (e)
S5. Ans. (a)
S6. Ans. (b)
S7. Ans. (c)
S8. Ans. (e)
S9. Ans. (c)
S10. Ans. (d)
S11. Ans. (e)
S12. Ans. (b)
S13. Ans. (c)
S14. Ans. (a)
S15. Ans. (e)