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Directions (1-10): Read the following passage and answer the questions as directed. There are some blanks given in the passage based on which some questions are framed, and some words are highlighted as well to help you answer some of the questions.
Finance Minister Nirmala Sitharaman on Friday presented Budget for 2019-2020. (A) Announcing a (1)slew of measures in her (2) subvention Budget speech, Sitharaman said the government will (3)launch an inter-opearable ATM-like One Nation One Card for pan-India travel, new rental laws for affordable housing, interest (4) maiden scheme for MSMEs and women. After The BSE Sensex _______(B)______ over 450 points, dragged by power, oil and gas, metal and energy counters, after the Budget proposal of raising public shareholding threshold _______(C)_______ fears of sufficient liquidity to absorb the additional float of shares. Sitharaman said it was the right time to consider increasing minimum public shareholding from 25 per cent to 35 per cent.
Hailing the Budget, Prime Minister Narendra Modi said, "It is a citizen friendly, development friendly Budget." (D) Sitharaman lowered the fiscal deficit target to 3.3 per cent for the current fiscal from the earlier estimate through 3.4 per cent of the GDP.
"The fiscal deficit this year is 3.3 per cent brought down from 3.4 per cent," she said while presenting Budget for 2019-20. While presenting interim Budget 2019-20 in February, the government had ______(E)_____ fiscal deficit target at 3.4 per cent would need to grow at eight per cent annually to be able to achieve its target of becoming a $5-trillion economy by 2024-25. The government has proposed lower corporate tax of 25 per cent now widened to companies with an annual turnover of Rs. 400 crore. This will boost the profits of _____________(F)____________— 99.3 per cent of corporate India. The challenge with strategic disinvestment of Air India and a few more PSUs is in attracting investors given the debt burden of many of these firms. (G) The government has also proposed increasing the disinvestment target to Rs 1,05,000 crore in FY20 as against Rs 90,000 crore set in the interim budget. (H) Higher investment in (1)government bonds for foreign portfolio (2)investors should see more flows into the domestic market, (3) yields pressure on interest rates and on bond (4) ease and help the Rupee strengthen. But, the downside risk is outflows in a crisis and the resultant pressure on Rupee and the current account deficit.
The government has allocated Rs 10,000 crore for faster adoption of electric vehicles and has announced upfront (I) incentives for electric vehicles. This will help attract investment for manufacture and ensure clean energy over time. The government has proposed more Foreign Direct Investment in Aviation, Insurance and Media. (J)Both the Aviation and Insurance sectors which need capital could attract inflows with greater control for oversees partners.
Q1. The sentence given in (A) has four words given in bold. Amongst the given bold words, which of the followings must replace each other to make the sentence contextually correct and meaningful?
Q2. Which of the following word given in the options should come at the place marked as (B) in the above passage to make it grammatically correct and meaningful? Also, the word should fill in the two sentences given below to make them contextually correct and meaningful.
(I) Shares of Jet Airways on Thursday ____________ over 23 per cent after stock exchanges decided to impose restrictions on its stock trading from June 28.
(II) Following the announcement, the 30-share index _____________ 553.82 points, or 1.38 per cent, to settle at 39,529.72. The bourse hit an intra-day low of 39,481.15 and a high of 40,159.26.
Q3. Which of the following words should fill the blank given in (C) to make it contextually correct and meaningful?
Hence, option (e) is the most suitable answer choice.
Q4. In the passage given, a sentence (D) is given in Italics. There may or may not be an error in one part of the sentence. Choose the part which has an error in it as your answer.
Q5. Which of the following word given in the options should come at the place marked as (E) in the above passage to make it grammatically correct and meaningful? Also, the word should fill in the two sentences given below to make them contextually correct and meaningful.
(I) The Confederation of Indian Industry (CII) on Thursday said that the 7 percent growth _________ by the Economic Survey for 2019-20 is a pragmatic target.
(II) The company's revenue is _________ at around Rs 19,308 crore for 2018-19, compared with Rs 25,071 crore in 2017-18 and Rs 31,533 crore in 2016-17
Q6. Which of the following phrases should fill the blank (F) to make it contextually and grammatically meaningful and correct respectively?
Q7. Two sentences are given in italics on both sides of (G). Which of the following statements can come in between the two sentences in place of F and maintain the continuity of the paragraph?
Q8. The sentence given in (H) has four words given in bold. Amongst the given bold words, which of the followings must replace each other to make the sentence contextually correct and meaningful?
Q9. A word is given in bold in (I). Choose the word which should replace the word given in bold to make the sentence correct and meaningful. If no change is required, choose option (E) as your answer.
Q10. In the passage given, a sentence (J) is given in Italics. There may or may not be an error in one part of the sentence. Choose the part which has an error in it as your answer.
Directions (11-15): In the following questions, a paragraph is given with two blanks, followed by five words. You have to choose the most suitable combination of words among the four alternative options, which will fill the blank coherently, forming a grammatically correct and contextually meaningful paragraph. If none of the given combination is appropriate to fill the blank, mark option (E) i.e. “none of these” as your answer choice.
Q11. Additional deduction of ₹1.5 lakh for ___________ paid on loans for affordable housing borrowed up to March 31, 2020. This will come up to _______________ interest reduction of up to ₹3.5 lakh on loans for affordable homes.
Abrogate means repeal or do away with
Castigated means reprimand (someone) severely.
Only option (ii) and (iv) will fill the given blanks to make the given sentence both meaningful and grammatical correct. Hence, the correct answer choice is option (c).
Q12. PAN and Aadhaar will be _________________, and will allow those without PAN to file income tax by using Aadhaar number. Faceless and anonymous _____________ system for income tax is going to be rolled out this year in phases.
Skewed means suddenly change direction or position.
Enjoin means instructor urge (someone) to do something
Contented means feeling or expressing happiness or satisfaction
Only option (iv) and (i) will fill the given blanks to make the given sentence both meaningful and grammatical correct. Hence, the correct answer choice is option (a).
Q13. The National Housing Bank is also the _____________ of the housing finance sector. Finance minister proposed the regulation to be _______________ to the RBI. ₹100 lakh crore investment in infrastructure over the next five years.
Regulator means a person or body that supervises a particular industry or business activity.
Cordial means warm and friendly
Only option (iii) and (v) will fill the given blanks to make the given sentence both meaningful and grammatical correct. Hence, the correct answer choice is option (b).
Q14. Minister proposes to expand the women SHGs interest ___________ to all districts in India. For every verified woman SHG member having a Jan Dhan account, an overdraft of ₹5,000 shall be _____________
Scrimp means be thrifty or parsimonious; economize.
Quaint means attractively unusual or old-fashioned.
Serene means calm, peaceful, and untroubled; tranquil.
Announced means make a formal public statement about a fact
Only option (i) and (v) will fill the given blanks to make the given sentence both meaningful and grammatical correct. Hence, the correct answer choice is option (a).
Q15. Draft legislation for setting up of Higher Education Commission will be ___________ later this year. 10 million youth to take up industry ______________ skill training under the Kaushal Vikas Yojana
Adjourn means break off with the intention of resuming it later.
Presented means formally introduce (someone) to someone else.
Relevant means closely connected or appropriate to what is being done or considered.
Muffle means wrap or cover for warmth.
Only option (iii) and (iv) will fill the given blanks to make the given sentence both meaningful and grammatical correct. Hence, the correct answer choice is option (c).