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The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich. 

Q. Which of the following may be inferred from the given information? 
  • a)
    The economy might be in the doldrums for a while, given the present trend.
  • b)
    The nation has ample liquid funds in its coffers.
  • c)
    The Congress wants to reduce the amount of money being paid as taxes by the rich.
  • d)
    There is a strife going on between the rich and the poor in the USA.
  • e)
    Both options A and C
Correct answer is option 'E'. Can you explain this answer?
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Verified Answer
The nation is still recovering from a crushing recession that sent une...
Options A and C can easily be deduced from the statements given in the passage. There is no evidence, however, to prove that the congress actually wants to reduce the taxes, because they merely oppose the idea of wasteful tax breaks for the rich.
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The nation is still recovering from a crushing recession that sent une...
The Economic Situation
The passage indicates that the nation is recovering from a significant recession, with unemployment remaining high at over nine percent for two consecutive years. This suggests that the economy is still fragile, which leads to the inference:
- The economy might be in the doldrums for a while, given the present trend.
This option reflects the ongoing challenges in the economy, indicating a slow recovery process.
The Fiscal Policy and Class Warfare
The president's push to end wasteful tax breaks for the wealthy indicates a contentious relationship between different economic classes. The use of "class warfare" language suggests:
- The Congress wants to reduce the amount of money being paid as taxes by the rich.
While the Congress may not be uniformly hostile, the president's stance implies a divide on fiscal policy, hinting at attempts to address wealth disparities.
Conclusion
Based on the information provided, the correct inference combines both A and C:
- Both options A and C are valid and reflect the current economic and political landscape, showcasing ongoing economic difficulties and the contentious debate surrounding taxation and wealth distribution.
This analysis highlights the intricate relationship between economic conditions and political actions, illustrating how economic recovery efforts can lead to class-based tensions.
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Directions: Read the following passage carefully and answer the questions given below. Certain words/phrases have been printed in bold to help you locate them.Prime Minister Narendra Modi’s forthcoming visit to China, beginning May 14, is of considerable interest not only to peoples inhabiting the two countries, but also to leaders and strategic analysts globally. In China, Mr. Modi will be visiting Xian, Beijing and Shanghai over three days, before leaving for Mongolia and South Korea. Mr. Modi’s visit follows Chinese President Xi Jinping’s trip to India in September 2014. There is a great deal hinging on its outcome with China being viewed today as a pivot-state, and India the only nation in the region capable of maintaining the balance in the region. For his part, Mr. Modi has, no doubt, indicated that trade and economic ties with China would be his main priority. However, there is much more to an Indian Prime Minister’s visit to China than economic relations — unstated though this may be. This visit is again taking place at a time when China has unveiled a new strategic vision, and elements of the strategy conform to Sun Tzu’s principle of “winning without fighting”. It implicitly includes rewarding nations that it perceives as “friends” and, by implication, excluding nations that stand in its way.China is also currently affording an opportunity to nations in the region tobecome a part of a Beijing-contrived “security alliance”, holding out the promise of a new Asian security paradigm, previously embedded in Chinese President Xi Jinping’s “Code of Conduct for Asia” (2014). The latter contained a veiled “warning” to countries forging military alliances to counter China. Perhaps, havingwadedtoo far out by its references to the issue of maritime disputes in the South China Sea at various regionalfora, and more explicitly in the Joint Strategic Vision for the Asia-Pacific and the Indian Ocean region following the U.S. President Barack Obama-Modi meeting in New Delhi in January this year, the Prime Minister may, hence, need to indulge in someintricatebalancing acts to win the confidence of his hosts. Many Western analysts believe that China is presently demonstrating a degree of “strategic autism”, resulting from its growing power. The Indian side needs to factor this in its calculations. Under President Hu Jintao and Premier Wen Jiabao, China had, by and large, displayed a benign face. It was during this period, in 2008, that India and China unveiled a “Joint Strategic Vision for the 21st Century”. This was considered unusual even then for China generally finds it difficult to endorse a common vision. Under Mr. Xi, China has moved away from Deng Xiaoping’s injunction “to hide our capabilities and bide our time and never claim leadership”. It nowcountenancesthe employment of diplomacy as an instrument for the effective application of Chinese power in support of China’s ambitious and long-term foreign policy agenda. Effectively, therefore, the 2008 “Shared Vision Concept” is all but buried, and it would be useful to see what happens next. The Indian side must avoid falling into any kind of trap of arriving at decisions on strategic issues, made seemingly easy by the Chinese employing very simplified, schematic representations of highly complex realities. Meanwhile, current realities in the region are becoming more complex having entered a periodfraughtwith change. The emergence of new dangers in West Asia, the uncertainty in Afghanistan, with the Islamic State (IS) now siding with the Taliban, tensions among different nations in South-East Asia and East Asia, and evidence of increasing Chinese assertiveness, have produced an unstable equilibrium.Consequently, while there are many issues that would be uppermost in Mr. Modi’s mind, the visit provides an excellent opportunity for him to assess, at first hand, where China is headed. It will give him a chance to estimate the potential impact of recent developments on Sino-Indian relations. The Prime Minister could begin by making a realistic appraisal of China’s “Defence Posture” and the kind of threat this poses to India. Rising defence budgets (the 2015 defence Budget is estimated at $141.5 billion — the 26th year of normal double digit increases since 1989), unveiling of a host of new state-of-the-art weapons such as the DF-21D “Carrier Killer” anti-ship ballistic missile (the Assassin’s Mace according to the United States) and the J-20 stealth fighter aircraft, employment of asymmetric tactics which conform to Sun Tzu’s precepts, all send out a clear message that China is no longer willing to watch from the sidelines where its immediate and long-term security interests are concerned.Mr. Modi would also have the opportunity to understand, first hand, the implications of China’s “Outreach Programme”. The launch of the New Development Bank and the Asian Infrastructure Investment Bank has already demonstrated Beijing’s determination to build an alternative financial architecture. The “One Belt, One Road” initiative (inclusive of a Silk Road Development Fun d) aims to boost connectivity with China’s Central Asian neighbours, and establish a Eurasian land corridor from the Pacific Coast to the Baltic Sea, which possibly signals China’s determination to undermine the U.S. Pivot to Asia. The ‘Maritime Silk Road’ concept is possibly an even more audacious move, with plans to connect more than 50 countries via the sea and build a network of port cities along the Silk Road. This could well result in circumventing and circumscribing India’s own outreach diplomacy. The ambit of China’s “Public Diplomacy” including the rapid expansion of Confucius Institutes (there are over 415 such institutes around the globe including around 15 in India at present) also merits the Prime Minister’s attention. The interconnecting links between these Institutes and the authorities in China are matters which require to be better understood in the context of China’s current “soft power” offensive. As in the case of China’s “Peaceful Rise”, there is room for worry and concern. China has already notched up several diplomatic successes — some of these will have an adverse impact on India’s external relations. The transformation in China-Russia relations is clearly one. This has been facilitated by the $400 billion gas deal, but it should not be overlooked that Russia was possibly the first overseas destination for Mr. Xi. What should specially concern India and Mr. Modi, is that China and Russia are now determined to deepen their “comprehensive strategic partnership” and “contribute to lasting world peace”. Likewise, China has gained a strategic beachhead in West Asia with its Iran connection. China is reaping the reward of standing by Iran. This will clearly put India on the back foot in a region which it has carefully nursed for a long timeQ. Choose an appropriate title for the passage.

Read the following passage carefully and answer the questions given below it. Certain words/phrases have been given in bold to help you to locate them while answering some questions.Despite the economic crunch worldwide that saw pulverisation of some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India's leading national banks have posted a net profit rise of more than 40% over the last quarter amid global turmoil. This would come as a big shot in the arm for the investors and consumers of these banks even though apprehension is mounting on other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter would be their direct backing by the Government of India. People take solace in their investments in the public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.Other private banks in India have also reported a substantial net profit over the last quarter. Given the international and domestic scenario, one cannot put this down as a mundane achievement. While others are on a cost-cutting spree and firing employees, Indian Companies are actually working on boosting staffing in the banking and broking sectors. This can be seen as a big boon in the days to come when the current recession eases and the economy gradually comes back on to the fast track. The finance minister has assured the Indian public about the sound health of all Indian banks. This could also be evident from the fact that there have been no mergers and takeovers in the Indian Banking sector in a contrast to the world scenario where finance houses are looking for mergers to cut costs on operations. We definitely are not looking to thrive; rather we are looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and It is sometimes very beneficial for business in the long run.Q. Which of the following statements is definitely true in the context of the passage?(

Directions : Read the following passage carefully and answer the questions given below it. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions.Despite the economic crunch worldwide that sawpulverizationof some of the largest banking and finance giants, Indian banking houses have managed to show positive growth this quarter. Some of India’s leading national banks have posted a net profit rise of more than 40% over the last quarter amid globalturmoil.This would come as a bigshot in the armfor the investors and consumers of these banks even though apprehension is mounting on other banking and broking firms worldwide. One of the main reasons behind the success of these banks this quarter, would be their direct backing by the Government of India. People take solace in their investments in public sector watching the bailout packages being cashed out by governments all over the world to save big business houses.Other private banks in India have also reported a substantial net profit over the last quarter. Given the internal and domestic scenario, one cannot put this down as amundane eachievement. While others are on a cost-cutting spree and firing employees, Indian companies are actually working on boosting staffing in banking and broking sector. This can be seen as a big boon in the days to come when the current recession eases and the economy gradually comes back on to the fast track. The finance minister has assured Indian public about the sound health of all Indian banks. This could also be evident from the fact that there have been no mergers and takeovers in Indian banking sector in a contrast to world scenario where finance houses are looking for mergers to cut costs on operations. We definitely are not looking tothrive; rather we are looking for growth. It is just that the pace of growth is a little slow now as compared to a year or two before. These are hard times to test the hard. The weak in business and career will be weeded out and it is sometimes very beneficial for business in the long run.Q.Which of the following statements is/are definitely true in the context of the passage?(

Directions: Read the passage and answer the question.Monthly measurement of the unemployment rate is one of the requirements of the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF). The SDDS — India was one of the early signatories — was established in 1996 to help countries access the international capital markets by providing adequate economic and financial information publicly. [A] India complies with many requirements of the SDDS, but it has taken an exception with respect to the measurement of unemployment.The Government of India does not produce any measure of monthly unemployment rate, nor does it have any plans to do so. [B] Official plans to measure unemployment at an annual and quarterly frequency is in a shambles. This does not befit India's claims to be the fastest growing economy and as the biggest beneficiary of a famed demographic dividend.The Centre for Monitoring India Economy (CMIE), a private enterprise, has demonstrated over the past three years that fast frequency measures of unemployment can be made and that seeking an exception on SDDS compliance is unnecessary.The CMIE decided to fill India's gap in generating fast frequency measures of household well-being in 2014. In its household survey, called the Consumer Pyramids Household Survey (CPHS), the sample size was 172,365 as compared to that of the official National Sample Survey Organisation (NSSO), which was 101,724. In both surveys, the sample selection method has been broadly the same.The CPHS is comprehensive, surveying its entire sample every four months. Each survey is a wave. The CPHS is also a continuous survey, and so, for example, three waves are completed in a year. The CMIE's CPHS thus has a much larger sample and is conducted at a much higher frequency than the NSSO's.Further, the CPHS is conducted as face-to-face interviews necessarily using GPS-enabled smartphones or tablets. Intense validation systems ensure high fidelity of data capture. [C] All validations are conducted in real-time although the teams are in the field. The data capture machinery ensures delivery of high quality data in real time obviating the need for any further "cleaning", post field operations.Once the data is collected and validated in real-time, it is automatically deployed for estimations without any human intervention.In 2016, the CMIE added questions regarding employment/unemployment to the CPHS. Since then, the CMIE has been generating labour market indicators regularly and making these freely available for public use.A difference between the CPHS and the NSSO surveys is the reference period of the employment status of a respondent. While the NSSO tries to capture the status for an entire year and for a week, the CPHS captures the status as on the day of the survey. This could be as one of four factors: employed; unemployed willing to work and actively looking for a job; unemployed willing to work but not actively looking for a job, and unemployed but neither willing nor looking for a job.Since the recall period in the CPHS is of the day of the survey (or the immediate preceding day in the case of daily wage labourers) and the classification is elementary, the CPHS has been able to capture the status fairly accurately with no challenges of the respondent's ability to recall or interpret the status. In contrast, the NSSO's system is quite complex.The large CPHS sample is distributed evenly across rural and urban regions for every week of the execution cycle of 16 weeks of a wave. It is this machinery that enables us to understand the Indian labour market with fast-frequency measures. So what do these fast-frequency measures tell us?[D] The most important message from the data is that India's labour participation rate is very low by world standards and that even this low participation rate fell very sharply after demonetisation. The average labour participation rate was 47% during January-October 2016. The world average is about 66%.What can be illustrated from the statement [A] 'India complies with many requirements of the SDDS, but it has taken an exception with respect to the measurement of unemployment'?

Direction: Read the following information carefully and answer the questions that follow. Five people Tarun, Megha, Krishna, Dilip, and Sarika participated in a 100 m race. Each of them finished the race in different times and were accordingly ranked 1-5, 1 being the first person to finish the race. Each of the five participants was from a different department among Computer, Electronics, Civil, Electrical, and Mechanical. The following information is also known: (i) Krishna finished the race before Megha, who in turn finished the race before Sarika. (ii) Tarun is from Mechanical while Dilip is from Electronics. (iii) The person from the Electrical department finished the race 4th. (iv) Tarun was one of the first three to finish the race. (v) Sarika was from either Civil or Computer. (vi) The person from Mechanical finished the race before the person from Electronics but not before the person from Computer. Q. Who finished the race in the first place?

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The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich.Q. Which of the following may be inferred from the given information?a)The economy might be in the doldrums for a while, given the present trend.b)The nation has ample liquid funds in its coffers.c)The Congress wants to reduce the amount of money being paid as taxes by the rich.d)There is a strife going on between the rich and the poor in the USA.e)Both options A and CCorrect answer is option 'E'. Can you explain this answer?
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The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich.Q. Which of the following may be inferred from the given information?a)The economy might be in the doldrums for a while, given the present trend.b)The nation has ample liquid funds in its coffers.c)The Congress wants to reduce the amount of money being paid as taxes by the rich.d)There is a strife going on between the rich and the poor in the USA.e)Both options A and CCorrect answer is option 'E'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich.Q. Which of the following may be inferred from the given information?a)The economy might be in the doldrums for a while, given the present trend.b)The nation has ample liquid funds in its coffers.c)The Congress wants to reduce the amount of money being paid as taxes by the rich.d)There is a strife going on between the rich and the poor in the USA.e)Both options A and CCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich.Q. Which of the following may be inferred from the given information?a)The economy might be in the doldrums for a while, given the present trend.b)The nation has ample liquid funds in its coffers.c)The Congress wants to reduce the amount of money being paid as taxes by the rich.d)There is a strife going on between the rich and the poor in the USA.e)Both options A and CCorrect answer is option 'E'. Can you explain this answer?.
Solutions for The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich.Q. Which of the following may be inferred from the given information?a)The economy might be in the doldrums for a while, given the present trend.b)The nation has ample liquid funds in its coffers.c)The Congress wants to reduce the amount of money being paid as taxes by the rich.d)There is a strife going on between the rich and the poor in the USA.e)Both options A and CCorrect answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
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