NABARD Practice Test - 2 - Banking Exams MCQ
30 Questions MCQ Test - NABARD Practice Test - 2
Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. Which of the following statement(s) would the author most likely agree with?
I. It will not be possible for the government to offload more than 50% of its stake in Air India because of the enormous amount of debt the airline has accumulated over the years.
II. Air India officials have been intentionally hiding the actual figures from the potential bidders.
III. Prospective investors have requested the government to break up the airline into four entities as that would help them in evaluation.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
I. It will not be possible for the government to offload more than 50% of its stake in Air India because of the enormous amount of debt the airline has accumulated over the years.
II. Air India officials have been intentionally hiding the actual figures from the potential bidders.
III. Prospective investors have requested the government to break up the airline into four entities as that would help them in evaluation.
Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. According to the passage, why does the government want to disinvest its stakes in Air India?
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
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Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. According to prospective bidders, which of the following is the most obvious problem that no one is willing to discuss?
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. According to prospective bidders, which of the following is the most obvious problem that no one is willing to discuss?
Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. Why has the Civil Aviation Minister, A Gajapathi Raju, called the airline’s books “bad”?
Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. Which of the following statements is true about Air India as per the given passage?
Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. Which of the following correctly describes the tone of the given passage?
Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. Which of the following would be the most appropriate title for the given passage?
Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present, and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. Which of the following is the MOST SIMILAR in meaning to the given word?
CONTINGENT
Direction:Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. Which of the following is the MOST OPPOSITE in meaning to the given word?
EXPEDITE
Direction:Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.
The Union government is sparing no effort to expedite the process of strategic disinvestment from Air India, the largest such exercise in Independent India. It has put in place a high-level group of ministers to decide the modalities of this crucial process. The intent is to offload at least 51 per cent in the bleeding national carrier to a private entity so that the government no longer stays in the airline business.
The key question is: despite the noble intentions, does the government have a handle on the actual financial condition of the Maharaja to dress it up for sale? Are the books of the airline in order?
The elephant in the room, according to potential bidders, is the extent of liabilities on the airline’s books. A representative of one potential bidder said no one seems to know the extent of liabilities, present and contingent, on the airline and this one figure may well determine the success of the disinvestment.
“Everyone more or less knows the extent of losses at Air India. But different figures are emerging on the liabilities. What are the valuations for ground handling, land assets, bilateral traffic rights, aircraft – all this needs to be assigned. Then, liabilities need to be accounted for. These figures are being brushed under the carpet,” this person said.
Remember, Civil Aviation Minister A Gajapathi Raju has said several times in the past that the airline’s books are “bad”. Late last month, he was quoted saying that the debt on Air India’s books may be closer to Rs 70,000 crore rather than the previously thought Rs 50,000 crore.
That is an increase of about 40 per cent. Are there hidden gems in the airline’s books which are only now being discovered as it readies for sell-off? Air India officials pointed out that the debt was close to Rs 50,000 crore if only long-term debt and working-capital debt were considered. But if all the current and contingent liabilities were included, another about Rs 20,000 crore gets added, taking the total debt close to Rs 70,000 crore. While this is sound accounting, it is certain to send out confusing signals to potential investors.
The government has now indicated that it wants to break up the airline into four distinct entities and transfer some of the unsustainable debt into a separate entity. This will likely unlock valuations and help potential bidders in evaluating the merits of each part of Air India.
How clueless the government is about Air India’s books is apparent from the latest disclosure about the airline’s financial performance in 2016-17. On the face of it, it seems the airline added about Rs 1,930 crore to its net loss overnight due to certain accounting practices.
In this written reply in Lok Sabha, Minister of State for Civil Aviation Jayant Sinha said on 21 December last year that the provisional net loss of Air India was Rs 3,643 crore for 2016-17. Since this was marginally lower than the net loss declared in the previous fiscal (2015-16) and also because this was the second year that Air India was expected to declare a modest operational profit, there was all-round cheer. The loss-laden and over-leveraged airline was finally turning around!
Q. Which of the following best expresses the meaning of ‘brushed under the carpet’?
Directions: Rearrange the following seven sentences (A), (B), (C), (D), (E), (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.
A. India and Pakistan can look forward to meeting some of their energy demands through gas from this pipeline, which promises to be a major confidence building measure for the region.
B. Afghanistan has said it will raise a 7,000 member security force to guard the $10 million Turkmenistan-Afghanistan-Pakistan- India (TAPI) gas pipeline project within its territory, an announcement that comes close on the heels of PM Modi’s visit to the country where regional connectivity projects, including the pipeline, were discussed.
C. He said procurement for demining will be completed by the January month and work on clearing the pipeline passage will begin in April.
D. Mines and petroleum minister Daud Shah Saba told the upper house of his country’s parliament that the force will provide security during the implementation of the project and demining of the route of the pipeline within Afghanistan.
E. The project poses logistical challenges since the 1,800 km pipeline will pass through areas of Afghanistan and Pakistan plagued by Taliban and separatist insurgents.
F. The announcement is heartening for India since many of country’s projects in Afghanistan have been targeted by terrorist groups.
G. The official further said the precise role and responsibilities of each host country are being framed and a team will be created to ensure operational continuity so as to undertake the rapid repair of critical facilities and equipment in case of sabotage or accident.
Q. Which of the following will be the First sentence?
Directions: Rearrange the following seven sentences (A), (B), (C), (D), (E), (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.
A. India and Pakistan can look forward to meeting some of their energy demands through gas from this pipeline, which promises to be a major confidence building measure for the region.
B. Afghanistan has said it will raise a 7,000 member security force to guard the $10 million Turkmenistan-Afghanistan-Pakistan- India (TAPI) gas pipeline project within its territory, an announcement that comes close on the heels of PM Modi’s visit to the country where regional connectivity projects, including the pipeline, were discussed.
C. He said procurement for demining will be completed by the January month and work on clearing the pipeline passage will begin in April.
D. Mines and petroleum minister Daud Shah Saba told the upper house of his country’s parliament that the force will provide security during the implementation of the project and demining of the route of the pipeline within Afghanistan.
E. The project poses logistical challenges since the 1,800 km pipeline will pass through areas of Afghanistan and Pakistan plagued by Taliban and separatist insurgents.
F. The announcement is heartening for India since many of country’s projects in Afghanistan have been targeted by terrorist groups.
G. The official further said the precise role and responsibilities of each host country are being framed and a team will be created to ensure operational continuity so as to undertake the rapid repair of critical facilities and equipment in case of sabotage or accident.
Q. Which of the following will be the Last sentence?
Directions: Rearrange the following seven sentences (A), (B), (C), (D), (E), (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.
A. India and Pakistan can look forward to meeting some of their energy demands through gas from this pipeline, which promises to be a major confidence building measure for the region.
B. Afghanistan has said it will raise a 7,000 member security force to guard the $10 million Turkmenistan-Afghanistan-Pakistan- India (TAPI) gas pipeline project within its territory, an announcement that comes close on the heels of PM Modi’s visit to the country where regional connectivity projects, including the pipeline, were discussed.
C. He said procurement for demining will be completed by the January month and work on clearing the pipeline passage will begin in April.
D. Mines and petroleum minister Daud Shah Saba told the upper house of his country’s parliament that the force will provide security during the implementation of the project and demining of the route of the pipeline within Afghanistan.
E. The project poses logistical challenges since the 1,800 km pipeline will pass through areas of Afghanistan and Pakistan plagued by Taliban and separatist insurgents.
F. The announcement is heartening for India since many of country’s projects in Afghanistan have been targeted by terrorist groups.
G. The official further said the precise role and responsibilities of each host country are being framed and a team will be created to ensure operational continuity so as to undertake the rapid repair of critical facilities and equipment in case of sabotage or accident.
Q. Which of the following will be the Third sentence?
Directions: Rearrange the following seven sentences (A), (B), (C), (D), (E), (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.
A. India and Pakistan can look forward to meeting some of their energy demands through gas from this pipeline, which promises to be a major confidence building measure for the region.
B. Afghanistan has said it will raise a 7,000 member security force to guard the $10 million Turkmenistan-Afghanistan-Pakistan- India (TAPI) gas pipeline project within its territory, an announcement that comes close on the heels of PM Modi’s visit to the country where regional connectivity projects, including the pipeline, were discussed.
C. He said procurement for demining will be completed by the January month and work on clearing the pipeline passage will begin in April.
D. Mines and petroleum minister Daud Shah Saba told the upper house of his country’s parliament that the force will provide security during the implementation of the project and demining of the route of the pipeline within Afghanistan.
E. The project poses logistical challenges since the 1,800 km pipeline will pass through areas of Afghanistan and Pakistan plagued by Taliban and separatist insurgents.
F. The announcement is heartening for India since many of country’s projects in Afghanistan have been targeted by terrorist groups.
G. The official further said the precise role and responsibilities of each host country are being framed and a team will be created to ensure operational continuity so as to undertake the rapid repair of critical facilities and equipment in case of sabotage or accident.
Q. Which of the following will be the Sixth sentence?
Directions: Rearrange the following seven sentences (A), (B), (C), (D), (E), (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.
A. India and Pakistan can look forward to meeting some of their energy demands through gas from this pipeline, which promises to be a major confidence building measure for the region.
B. Afghanistan has said it will raise a 7,000 member security force to guard the $10 million Turkmenistan-Afghanistan-Pakistan- India (TAPI) gas pipeline project within its territory, an announcement that comes close on the heels of PM Modi’s visit to the country where regional connectivity projects, including the pipeline, were discussed.
C. He said procurement for demining will be completed by the January month and work on clearing the pipeline passage will begin in April.
D. Mines and petroleum minister Daud Shah Saba told the upper house of his country’s parliament that the force will provide security during the implementation of the project and demining of the route of the pipeline within Afghanistan.
E. The project poses logistical challenges since the 1,800 km pipeline will pass through areas of Afghanistan and Pakistan plagued by Taliban and separatist insurgents.
F. The announcement is heartening for India since many of country’s projects in Afghanistan have been targeted by terrorist groups.
G. The official further said the precise role and responsibilities of each host country are being framed and a team will be created to ensure operational continuity so as to undertake the rapid repair of critical facilities and equipment in case of sabotage or accident.
Q. Which of the following will the Fifth sentence?
Direction: Read the sentence to find out whether there is an error in it. The error, if any, will be in one part of the sentence. If the given sentence is correct as it is, mark the answer as 'No error'. Ignore the errors of punctuation, if any.
As a result, the act of writing (A)/ turns from moulding a lump of clay in to (B)/ a unique form to filling (C)/ a set of jars that are already fired (D)/ No error.
Direction: Read the sentence to find out whether there is an error in it. The error, if any, will be in one part of the sentence. If the given sentence is correct as it is, mark the answer as 'No error'. Ignore the errors of punctuation, if any.
And that’s the real reason for education, (A)/ to get those good grades without (B)/ thinking to much and using (C)/ up too much time (D)/ No error.
Direction: Read the sentence to find out whether there is an error in it. The error, if any, will be in one part of the sentence. If the given sentence is correct as it is, mark the answer as 'No error'. Ignore the errors of punctuation, if any.
Instrument of aggress, and facilitator (A)/ of its photographic capturing, (B)/ the history of flash photography (C)/ is disconcertingly inseparable from violence (D)/ No error.
Direction: Read the sentence to find out whether there is an error in it. The error, if any, will be in one part of the sentence. If the given sentence is correct as it is, mark the answer as 'No error'. Ignore the errors of punctuation, if any.
Without language there would (A)/ be no culture, no literature, (B)/ no science, no historical, (C)/ no commercial enterprise or industry (D)/ No error.
Direction: Read the sentence to find out whether there is an error in it. The error, if any, will be in one part of the sentence. If the given sentence is correct as it is, mark the answer as 'No error'. Ignore the errors of punctuation, if any.
Material fixes so as a universal (A)/ basic income will make no difference (B)/ to societies in which the (C)/ basic relationships are felt to be unjust (D)/ No error.
Direction: The given question has three blanks, each blank followed by a word given in the brackets. If the given word suits the blank, mark ‘no correction required’ as the answer. If the given word doesn’t suit the blank, choose the set of words from the given options that best fits the meaning of the sentence as a whole.
Community life is about living together in loving ______ (exasperation), caring and sharing and there is no room for anger or competition but ______ (divine) happiness that comes from true ______ (consistency).
Direction: The given question has three blanks, each blank followed by a word given in the brackets. If the given word suits the blank, mark ‘no correction required’ as the answer. If the given word doesn’t suit the blank, choose the set of words from the given options that best fits the meaning of the sentence as a whole.
Candles and incense burners are a good way to ______ (diminish) positive vibes and to ensure healing energies in our homes for its ______ (travellers) and they also _____ (demoralise) the mood.
Direction: The given question has three blanks, each blank followed by a word given in the brackets. If the given word suits the blank, mark ‘no correction required’ as the answer. If the given word doesn’t suit the blank, choose the set of words from the given options that best fits the meaning of the sentence as a whole.
A stage comes when we realise the _____ (desire) of running after name and fame at the _____ (peak) of our health, peace of mind and integrity and we begin to _____ (neglect) the true meaning and purpose to our lives.
Direction: The given question has three blanks, each blank followed by a word given in the brackets. If the given word suits the blank, mark ‘no correction required’ as the answer. If the given word doesn’t suit the blank, choose the set of words from the given options that best fits the meaning of the sentence as a whole.
Travel writing should ______ (provoke) us of how much of the world we don’t know about, _____ (besides) our countries as we all think we know everything, but so ____ (rarely) we don’t.
Direction: The given question has three blanks, each blank followed by a word given in the brackets. If the given word suits the blank, mark ‘no correction required’ as the answer. If the given word doesn’t suit the blank, choose the set of words from the given options that best fits the meaning of the sentence as a whole.
In the current study, 24 young adults _____ (spurned) a working memory task in the morning _____ (opposing) either a full night of sleep or a night of ____ (reliability).
Direction: In the following question, a part of the sentence is highlighted. Below the sentence alternatives to the bold part are given at (A), (B), (C) and (D) which may help improve the sentence. Choose the correct alternative. In case the given sentence is correct, your answer is (E) i.e. No correction required.
Television serial junkies in the United States have been savouring a period drama called The Americans – that could well have been called The Russians – since the past four years.
Direction: In the following question, a part of the sentence is highlighted. Below the sentence alternatives to the bold part are given at (A), (B), (C) and (D) which may help improve the sentence. Choose the correct alternative. In case the given sentence is correct, your answer is (E) i.e. No correction required.
With the World Health Assembly – the decision-making body of the WHO – meeting today in Geneva, the big political issue is Taiwan’s exclusion from this important health forum.
Direction: In the following question, a part of the sentence is highlighted. Below the sentence alternatives to the bold part are given at (A), (B), (C) and (D) which may help improve the sentence. Choose the correct alternative. In case the given sentence is correct, your answer is (E) i.e. No correction required.
Bollywood lyricist Naqsh Lyallpuri, who passed away on Sunday, write a select bunch of unforgetted songs that arehummed to this day.
Direction: In the following question, a part of the sentence is highlighted. Below the sentence alternatives to the bold part are given at (A), (B), (C) and (D) which may help improve the sentence. Choose the correct alternative. In case the given sentence is correct, your answer is (E) i.e. No correction required.
To be able to imagine a world without the Beatles required the same leap of imagination that could allow us to believe the band with any one of its members missing.
Direction: In the following question, a part of the sentence is highlighted. Below the sentence alternatives to the bold part are given at (A), (B), (C) and (D) which may help improve the sentence. Choose the correct alternative. In case the given sentence is correct, your answer is (E) i.e. No correction required.
Having spent most of my working life and a major chunk of my lifespan count commuting from home in north Delhi to office in central Delhi, it always comes as a great relief to visit any place of smaller comparison, where anything is reachable in a few minutes, whether by vehicle or by foot.
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