Dear readers,
This quiz consists of questions from
various Banking entrance exams held during the last few years. Leave your
answers/ responses in the comments section below and we’ll soon let you know
the correct answers!
Directions
(Q. Nos. 1-10) In the following passage there are numbered blanks. These numbers are
printed below the passage and against each five words/phrases are suggested,
one of which fits the blank appropriately. Find out the appropriate word/phrase.
The economics of owning and running a
ration shop, the familiar name for the outlets in our Public Distribution
System (PDS), are such that under normal business terms, the shop-owner could
never make a profit. Yet, (1) the
government announces that new permits for ration shops will be given out, there
is frenzy in the market to grab one of these. (2)? The answer is obvious: the business is not for the honest and
if one knows the (3), there is a
fortune to be made.
What are these tricks of the trade?
.
Getting fake names into the user list is the most obvious option; the
State seems to be (4) a losing
battle against this practice, judging by the endless effort to weed out bogus
ration carts.
.
The next is to get the ‘right customers’ on the list, not just more
customers. These are people who are registered but who do not have any interest
in (5) on their entitlements. In a
system where caste and income certificates are for sale, it is not (6) to ‘produce’ these documents for
mutual benefit. Receipts are duly made in their names, and the rations thus
‘drawn’ are (7) off into the open
market. The sale price of an item like rice makes clear the (8) economics – it costs Rs.8 in a
ration shop while in the open market it is Rs.30 or above. There are also
customers who would rather exchange their entitlements for hard cash at the
beginning of the month.
.
As the degradation progresses, the shop keeper, in (9) with the official machinery, manages to withhold effectively
the entitlements from even the genuine beneficiaries, and diverts them to the
open market. The targeted group is usually not in a position to (10) itself to get its due.
1. (A)
whenever (B)
quickly (C) just (D) as soon (E) time
2. (A)
What (B)
When (C) Where (D)
Why (E) How
3. (A)
lying (B) people (C) sprouting (D)
hard work (E) ropes
4. (A)
attempt (B) waging (C) winning (D) expecting (E) trying
5. (A)
harping (B) discussing (C) realizing (D) drawing (E) giving
6. (A)
easy (B) must (C)
difficult (D) simple (E) enough
7. (A)
sell (B)
borrowed (C)
donated (D) bought (E) siphoned
8. (A)
understood (B) poor (C)
underlying (D) mechanical (E) unclear
9. (A)
meeting (B)
collusion (C) flow (D)
show (E) line
10. (A)
ask (B) voiced (C) assert (D) deliver (E) willful
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