Sbi Po Preliminary Exam Template With Answers Page 14
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25SBI PO Preliminary Exam Model Paper 9
repayment. The amount may not seem alarming, but the r isk arises if there is a
global liquidity squeeze.
The recent trouble in Iraq has added another dimension to external sector
woes, which is that the reduction in trade deficit in FY 14 may reverse again.
“Already struggling with a record low growth, high inflation, a weak currency,
low manufacturing growth and possibility of sub-normal monsoon, the threat of
oil supply shock and the resultant increase in prices add to the risks faced by the
country, which could hamper India’s envisaged improvement in economic
growth in FY 15,” say Madan Sabnavis and Kavita Chacko of Care Ratings. If
crude price risks persist, the current account deficit, which was contained in
2013-14, could deteriorate further and also add to pressure on the rupee. Care
Ratings has projected a CAD for the year at 2.5% of GDP, assuming stable
crude oil prices and a re covery in industrial production. Higher persistent crude
prices would upset this calculation.
71.Which of the following statements is contrary to the facts mentioned in
the given passage?
a) In FY 14, short term debt was contained due to slowdown in imports.
b) Short term debt is directly proportional to t he quantum of imports.
c) A weak rupee translates into a lower GDP number
d) Private corporate sector debt has decreased over the years
72.What is/are the reasons of the author being apprehensive about India’s
improvement in economic growth in FY 15?
a) The recent Iraq crisis may lead to reduction in trade deficit in the
current financial year
b) The possibility of sub-normal monsoon
c) High inflation and low manufacturing growth
d) All of the above
73.Choose the word/group of words which is most similar in meaning to the
word/group of words printed in bold as used in the passage.
Contained
a) Neglected
b) Accommodated
c) Controlled
d) Excluded
74.Choose the word/group of words which is most similar in meaning to the
word/group of words printed in bold as used in the passage.
Reckoned
a) Nullified
b) Abandoned
c) Started
d) Considered
e) None of these
Page 14
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