Question 2:
In the question given below an idiom or a phrase is given then followed by options. Choose the option which gives the meaning of the Idiom/phrase most appropriately
Rain Cats and dogs
(I)Drizzling
(II) Love you pet
(III) Raining heavily
In the question given below an idiom or a phrase is given then followed by options. Choose the option which gives the meaning of the Idiom/phrase most appropriately
Rain Cats and dogs
(I)Drizzling
(II) Love you pet
(III) Raining heavily
Question 10:
Direction: Read the following passage and answer the following question. Some words are highlighted to help you answer some of the question.
It is reported that Prime Minister Narendra Modi has exhorted banks to support start-ups, in a bid to channelise the returns from this fast growing segment into India’s economy. While addressing the chief executives of banks, he said banks, which are flush with liquidity, should now shift focus from their balance sheets towards ‘building the country’s wealth sheet’. The proposal to finance start-ups out of deposits mobilised by commercial banks is a dangerous one. There is no doubt that start-ups are good and required for the economic growth of the country, but financing them out of banks’ deposits is an entirely different proposition. Commercial banks are quite different from investment banks. Commercial banks solicit deposits from public which are generally for shorter tenure and lend the same predominantly for working capital finance and other short term and medium term requirements. Investment banks may finance share capital of companies. In India, we have development banks for long-term finance, and commercial banks for short- and medium-term finance.
In 2020, scheduled commercial banks had deposits with the following maturities: maturing up to one year, 40.9 per cent; over one year and up to three years, 24.8 per cent; over three years and up to five years, 9.5 per cent; and over five years and up to 10 years, 24.7 per cent. Banks do not take deposits beyond 10 years. Hence, a major chunk of commercial banks’ deposits, that is 75 per cent, is repayable within a five-year period. (A) It is fundamentally in financial intermediation that long-term financing should not be done with short-term resources. This may lead to disastrous consequences when there is insufficient accumulation of deposits or any slackness in recovery of loans advanced. It was ______________ to close development financial institutions like Industrial Credit and Investment Corporation of India and Industrial Development Bank of India, which were operating for decades for long term finance of industries. This has led to long term financing by commercial banks, resulting in huge NPAs (non-performing assets) for banks and tremendous pressure on them to match their assets and liabilities.
Statement A “It is fundamentally in financial intermediation that long-term financing should not be done with short-term resources.” may contain a grammatical error. Select the part which is grammatically incorrect. If the sentence doesn’t have any error then select option ‘e’ as your answer.
Direction: Read the following passage and answer the following question. Some words are highlighted to help you answer some of the question.
It is reported that Prime Minister Narendra Modi has exhorted banks to support start-ups, in a bid to channelise the returns from this fast growing segment into India’s economy. While addressing the chief executives of banks, he said banks, which are flush with liquidity, should now shift focus from their balance sheets towards ‘building the country’s wealth sheet’. The proposal to finance start-ups out of deposits mobilised by commercial banks is a dangerous one. There is no doubt that start-ups are good and required for the economic growth of the country, but financing them out of banks’ deposits is an entirely different proposition. Commercial banks are quite different from investment banks. Commercial banks solicit deposits from public which are generally for shorter tenure and lend the same predominantly for working capital finance and other short term and medium term requirements. Investment banks may finance share capital of companies. In India, we have development banks for long-term finance, and commercial banks for short- and medium-term finance.
In 2020, scheduled commercial banks had deposits with the following maturities: maturing up to one year, 40.9 per cent; over one year and up to three years, 24.8 per cent; over three years and up to five years, 9.5 per cent; and over five years and up to 10 years, 24.7 per cent. Banks do not take deposits beyond 10 years. Hence, a major chunk of commercial banks’ deposits, that is 75 per cent, is repayable within a five-year period. (A) It is fundamentally in financial intermediation that long-term financing should not be done with short-term resources. This may lead to disastrous consequences when there is insufficient accumulation of deposits or any slackness in recovery of loans advanced. It was ______________ to close development financial institutions like Industrial Credit and Investment Corporation of India and Industrial Development Bank of India, which were operating for decades for long term finance of industries. This has led to long term financing by commercial banks, resulting in huge NPAs (non-performing assets) for banks and tremendous pressure on them to match their assets and liabilities.
Statement A “It is fundamentally in financial intermediation that long-term financing should not be done with short-term resources.” may contain a grammatical error. Select the part which is grammatically incorrect. If the sentence doesn’t have any error then select option ‘e’ as your answer.
