In the following question, a section of an article is given with a blank. You need to comprehend the paragraph and find out the correct option which can be placed in blank and mark your answer accordingly
Most textile clusters have started getting back to production after the introduction of the Goods and Services Tax (GST), as they brace for the festival season. The movement of yarn has picked up in the last three or four days, especially cotton yarn. With Deepavali nearing, industries need to start production and stock goods from now for the peak season sales, said J. Thulasidharan, chairman of Confederation of Indian Textile Industry. (____________________________________________________) as the weavers and traders sought withdrawal of the new tax system on textile goods. Just about 10% of the powerlooms in Coimbatore region are operating after GST as traders from the northern States have not yet started their purchase.
With regard to the manmade fibre (MMF), synthetic yarn prices are slightly up because of 18% GST on MMF fibre and yarn and 5 % duty on fabric.
The low inflation and expectations of further easing by the Reserve Bank of India has changed the sentiment in the market
Weavers were asking for a lower price of yarn — one of the reasons behind the demand of a cut in duty on MMF yarn to 12 %.
Both B and C
None of the above
Solution: E The second part of the sentence is talking about the withdrawal of the new tax system where A is talking about the change in GST, B is talking about the low inflation which is not mentioned in the whole paragraph and in C it is again talking about the reason behind the demand of a cut in tax which is not the case mentioned here so E is the only correct choice.
(____________________________________________________________) as for the first time, business growth from managing technology infrastructure of customers was less than half of the overall revenue at both HCL Technologies Ltd and Wipro Ltd in the past two years. This development portends an ominous sign for the country’s third and fourth largest software services companies and is in contrast to the performance of market leader Tata Consultancy Services Ltd (TCS), which maintains that it has not seen any cannibalization in revenue as more companies look to migrate workloads to the cloud.
Since the turn of the century, the IMS business for most companies has grown on a par with or faster than the company’s overall growth in revenue,
The rise in cloud computing in the early years of this decade has started hurting the growth of some of the largest software services companies in India,
India’s $167 billion software services outsourcing industry generates much of the revenue from deploying software engineers for infrastructure maintenance services,
HCL Technologies, India’s third-largest software services provider, saw its IMS business grow 10.5% between April-June 2016 and April-June 2018, less than half of the pace of its overall growth,
None of the above
Solution: B In the second half part of the sentence, it is saying that the business growth was less than half of the overall revenue and in option B it is said that the rise in cloud computing hurts the growth of some of the largest software services companies in India, which joins both the sentences correctly.
Tech Mahindra Ltd’s shares had underperformed peers in the past one month on concerns about growth in the near-term. Analysts, in fact, had estimated revenues to drop 1% sequentially in constant currency largely because of pressure in the telecom vertical. (___________________________________________). Revenues rose 0.3% sequentially in the June quarter. While revenues from the telecom segment declined as expected, the enterprise business grew by a strong 3.8% sequentially.While this segment is expected to continue driving overall growth for the company, investors were also enthused by the company’s comments that some large deal wins can potentially drive growth in the telecom segment as well going forward
But as it turned out, things weren’t as bad as expected.
In addition, there are expectations that increased spending by global telecoms service providers on 5G deployment will result in increased demand for Tech Mahindra.
The company’s optimism needs to translate into actual results for investors to gain more confidence about the recovery in the telecom vertical.
It goes without saying that any action is to be started with someone and may not lie against all at the time
None of the above
Solution: A Revenues are dropped because of pressure in the telecom vertical but it roses overall by 0.3% as given in A as the things turned out the drop of revenues but the thing were not that bad as expected. Option A is the best choice.
The spark could be seen almost from the day that Chandra joined TCS. There were very many capable and highly qualified young minds who joined TCS in the ’80s. To stand out so early as a star performer required great technological expertise and client recognition which he got without fail in every assignment that he worked on. (_________________________________________________). There were 63 other software vendors who worked on that project. Chandra again stood out and this contract, with him as the leader, grew to being one the largest projects for TCS at that time. And that project propelled TCS to being declared the best software house among 63 competitors.
This was of course done with the consent of Mr. Kohli, the pioneer of the Indian software industry and the person who laid the foundation for TCS.
He was very comfortable with the technologies being propelled by the Internet revolution.
Much has been written about the manner in which he led TCS over the last 9 years, first as the COO and thereafter as the CEO.
His talents were recognised immediately and he was assigned to a project that TCS got from IBM in Washington.
None of the above
Solution: D In the preceding sentence, it is talking about his performance of being a great technological expertise and worked on several assignments. In the former sentence it is talking about SOME project and number of software vendors working on it. In option D it is talking about his talents and also for the project which is carried forward in latter sentence.
The number of unemployed people in India is expected to rise by 1 lakh in 2017 and another 2 lakh in 2018, according to the International Labour Organisation (ILO). (________________________________________________________________) even though the country’s unemployment rate is expected to go down from 3.5 per cent to 3.4 per cent in 2017. Globally, the ILO reckons that the number of jobless people will increase by 3.4 million in 2017, in its report on World Employment and Social Outlook for 2017 released late Thursday, with projections based on econometric modelling carried out in November 2016. The global unemployment rate is expected to rise modestly from 5.7 to 5.8 per cent in 2017 as the pace of labour force growth outstrips job creation.
The ILO predicted that the number of jobless will decrease from 18 million in 2016 to 17.7 million by 2018
Economic growth continues to disappoint and underperform – both in terms of levels and the degree of inclusion
The ILO predicted that the number of jobless will increase from 17.7 million in 2016 to 18 million by 2018
Vulnerable forms of employment, which include contributing family workers and own account workers, are expected to stay above 42 per cent of total employment
None of the above
Solution: C Option B and D are out of context as B is talking about economic growth and option D is talking about the venerable forms of employment for family workers and others which is not the case in preceding and succeeding sentences of the blank. After the blank ‘even though’ is used, which means it is opposing the sentence in the blank and when the job is decreased so the unemployment rate will surely be increased but in the next sentence it is increasing which makes even though correctly used. SO option C is the correct choice.
ICRA has downgraded Tata Teleservices (Maharashtra) Ltd.’s credit rating, citing weak operational and financial performance. The rating agency further said that it was also “monitoring” the ongoing tussle at the group level after the sudden sacking of Cyrus Mistry as group chairman. (________________________________________________________) ICRA has downgraded the long-term rating to A- from A for the Rs.359 crore term loans, Rs.465 crore long-term fund based/non-fund based limits and Rs.188 crore unallocated limits of the company. The outlook on the long-term rating has been reaffirmed at negative. The rating action factors in the continuing weak operational and financial performance of the company marked by year on year decline in revenues over the last three quarters, consistent pressures on profitability and strained debt coverage indicators.
Incidentally, the downgrade by ICRA comes just a day after leading rating agency Crisil downgraded the bank loan facilities of the company to ‘CRISIL A-/Negative/CRISIL A2+’ from ‘CRISIL A/Negative/CRISIL A1’.
The Q2 performance was further impacted by higher amortisation expense and finance cost owing to capitalisation of spectrum acquired in the March 2015 auctions
It has taken note of the recent announcement regarding the replacement of the chairman at Tata Sons.
Both A and B
None of the above
Solution: A As the sentences before blank are telling that ICRA has downgraded the ratings of Tata Teleservices and after the blank it is telling how much. And in option A, it is saying Crisil has also downgraded its rating just before the day ICRA announced which is correctly carrying the preceded sentence forward.
GIFT has been set up by the Gujarat government as India’s first International Financial Services Centre (IFSC) that brings together world class infrastructure, connectivity, people and technology on a single platform for businesses across the world. IFSC at GIFT City is probably the first such centre to be launched after the 2008 global financial crisis. In some ways, the light-touch regulatory philosophy epitomised by IFSCs came to be questioned in the aftermath of the crisis. (__________________________________________________)
For us, in India, good policy housekeeping should be the cornerstone. It is easy and quick to fritter away gains regarding macroeconomic stability.
Investment in public transport, specifically railways and Urban MRTS can lead to reduced costs and productivity gains as also help us to lower our oil import bill, and, as collateral benefit, improve air quality in our cities.
The mandates for these have to be narrow, and thus perforce be deployed judiciously, within a regulatory framework, which RBI has suggested.
However, GIFT City has the advantage of drawing the right lessons in this regard to avoid pitfalls.
None of the above
Solution: D Except D all the others are out of context which makes D the only option correct.
(___________________________________________________________) citing a slowdown in consumption and manufacturing due to demonetisation and an ongoing decline in private investment and credit constraints due to impaired bank balance sheets.The World Bank’s Global Economic Prospects January 2017 report added that the Indian economy is subsequently set to recover its growth momentum, with growth rising to 7.6 per cent in FY18 and further strengthening to 7.8 per cent in FY20. “Unexpected ‘demonetization’— the phasing out of large-denomination currency notes which were subsequently replaced with new ones—weighed on growth in the third quarter of FY2017,” the report added. “Weak industrial production and manufacturing and services purchasing managers’ indexes (PMI), further suggest a setback to activity in the fourth quarter of FY2017.”
The World Bank has remained stagnant its growth forecast for India to 7 per cent in 2016-17,
The World Bank has lowered its growth forecast for India to 7 per cent from 7.6 per cent in 2016-17,
The World Bank has increased its growth forecast for India to 7.8 per cent from 7 per cent in 2016-17,
A retrenchment of private investment, reflecting excess capacity, corporate deleveraging, and credit constraints due to impaired commercial banks’ balance sheets, also had an adverse effect on activity,
None of the above
Solution: B As it is citing a slowdown in economy, so the forecast can neither be increased nor be remained stagnant. It has to decrease which makes option B correct choice. D is talking out of context so it cannot be fit.
Iraqi Kurdistan’s decision to go ahead with a proposed independence referendum, despite strong opposition both from within and outside Iraq, has created a regional political storm in West Asia. The Iraqi Supreme Court has already asked the Kurdistan Regional Government to suspend the vote, scheduled for September 25, till its legality is settled. Iraqi Prime Minister Haider al-Abadi has threatened to use force if the referendum turns violent. The Turkish government has ordered a military drill on the Iraqi border, while Iran has also issued a warning. Such opposition is largely driven by fears that a ‘yes’ vote in the referendum, which is almost certain, would enhance the nationalist aspirations of Kurds living in other countries and further destabilise the region. (_________________________________________________________). In Turkey, Kurdish rebels are involved in a protracted civil war, while in Syria they have established a regional government. They are all keenly awaiting the outcome of the Iraqi vote.
Now that the IS threat has been largely contained, both sides can refocus their energies on settling the dispute between themselves.
With the push for referendum, Kurds are trying to change the status quo
Besides Iraq, Kurds, the fourth largest ethnic group in West Asia but without a state, are scattered in various countries, including Turkey, Iran and Syria.
Kurds had been brutally repressed until the regional government was formed following the first Gulf War of 1991.
Though independence remains the proclaimed goal of Iraqi Kurdistan, Mr. Barzani himself has often signalled compromise.
Solution: C In the whole paragraph it was not talked about IS which makes A wrong. B and D does not fit in the blank logically. E is talking about the goal which is again not mentioned in the given paragraph. Which makes option C the only right choice.
The decision by the Ministry of Corporate Affairs to crack down on so-called ‘shell companies’, disqualify select directors in these entities and debar them from taking board positions for a specified period of time cannot be faulted. This would begin the clean-up of the Augean stables of firms set up in many cases with less than bona fide intent and having virtually no business operations. However, the Union government’s move to publicise the identities of some of these individuals with a view to ‘naming and shaming’ them is fraught with risk; the devil, as always, is in the detail. (______________________________________________________________________________).This was in evidence when the Securities Appellate Tribunal recently gave relief to some entities over trading curbs hastily imposed on them by SEBI. Also, given the sheer scale of the task at hand, with the ministry identifying more than 1.06 lakh directors for disqualification, it is imperative that there be great care and diligence to ensure that the authorities do not penalise anyone who for non-mala fide reasons failed to comply with the relevant provisions of the Companies Act.
While the underlying motive for this action, as cited by the ministry, of “breaking the network of shell companies” in the government’s fight against black money is laudable, there is a real danger of inadvertently tainting genuine firms and individual
At a broader level, the Centre and the regulatory arms need to address the underlying systemic shortcomings that have allowed so many companies, both listed and unlisted, to become vehicles of malfeasance.
The government has already shown it is prepared to act in terms of enacting the necessary legislation to address banking sector stress by adopting the Insolvency and Bankruptcy Code.
Both A and B
None of the above
Solution: A As the paragraph is talking about cracking down of the shell companies and the sentence before the blank tells the action plan against these companies and the former sentence is telling about the relief given to some bona fide companies which were imposed by SEBI. Only in A it is talking about both the action plan and told about the danger for genuine firms. So A is the correct choice.