Sanctum Study Notes 2 nd Aug

Transcription

1 Sanctum Study Notes 2 nd Aug Video Solutions are available on Unacademy 1. Basic Grammar 2. Phrasal Verbs & Phrase Replacements 3. Common Error & Cloze Test Cloze Test Mint Arvind Subramanian has often said that India is affected by the problem of stigmatized capitalism. There is neither enough trust in the private sector nor in the ability of the government to (1) it. Political hyperbole only adds to the problem. Consequently, the government of the day is always worried that big reforms (privatization, for instance) would be seen as being probusiness and anti-poor. Against this (2), Prime Minister Narendra Modi has done well to make it clear that he is not (3) to stand with industrialists and they are as important as anyone else. This should inspire confidence among investors. The importance of industrialists and entrepreneurs cannot be overstated in an economy like India. They take the risk to (4) businesses that produce goods and services, and jobs, which are essential for economic growth. Businesses also generate the tax revenue which is used to build bridges and schools. Therefore, a political environment that appears to be hostile to business does not augur well for the economy. Capital is extremely mobile in today s interconnected world and tends to avoid economies where it is not treated well. If India s political establishment is unable to (5) domestic industrialists, attracting foreign capital will become difficult, which is needed to plug the savings gap. 1. (a) remove (b) regulate (c) mold (d) run 2. (a) view (b) record (c) part (d) backdrop 3. (a) afraid (b) free (c) brave (d) reluctant 4. (a) cut (b) reduce (c) build (d) form 5. (a) bank (b) hope (c) trust (d) hope Parajumble Speaking Tree A. True leaders have the courage to confront the meaning of existence. B. True leadership is not acting a certain way; it is a reflection of who we are within. C. Leadership is about who we are and what we do. D. Such leaders enter within their own hearts and souls, engage in self-analysis and connect with the spiritual force within themselves. E. Those who raise this question cannot rest until they find answers. They conclude that there is a higher power within that guides us. That inner spiritual power is the source of morals, virtues, power and life. F. Along with learning to act as a leader, we must possess the characteristics, behaviour and habits and the mind and heart of true leaders. Advance Fillers 191. The con man used his to convince the elderly woman to sign over her life savings to him. a. estuary b. melee c. flagrancy d. malleability e. wile 192. Mike proved to be throw after throw, hitting the carnival dart game s bull s eye every time. a. sedentary b. temporal c. mediocre d. infallible e. infeasible 193. Patrick, who was always joking, added to the formal dinner, which his sedate employer did not appreciate. a. contemplation b. ordinance c. tutelage d. levity e. sincerity 194. Sunlight shining through a window was an obvious in the nearly every one of the artist s works. a. disjunction b. hindrance c. repugnance d. motif e. variance

2 195. I like listening to Wesley go on about politics and social issues; his opinions are with my own beliefs. a. latent b. explicit c. consonant d. ensconced e. rife Grammar Exercise All topics 21. Turks in Anatolia for a thousand years by A) will be living B) have lived C) will have lived D) will live 22. A: What does Mary s mother do? B:. A) She is a woman B) She teaches English C) She is very well D) She lives happily 23. What would you have done if you a lot of money? A) had B) have had C) had had D) should have had 24. Istanbul is in Turkey. A) the most important city B) most important a city C) the most important a city D) most important a city 25. four years in the country, he came back healthier than ever. A) Having spent B) Spending C) After spent D) After spend 26. Mary suggested that she a pretty next week. A) will have B) should have C) will have to D) has 27. A: What was happening at the TV studio when you visited it? B: Programs and recordings. A) were being produced / made B) produced / were being made C) were produced / made D) were being produced / were being made C) as soon as D) in case 30. How can you leave him because of? A) his poverty B) he is poor C) his poor D) he is poverty Common Error 1. The distrust is a legacy of the licence raj, where (a)/ businesses were seen making profits due to lack of (b)/ competition and used the system to their advantage.(c)/ No 2. The securities market regulator (a)/ has done well by accepting a number of (b)/ important recommendations made by the Uday Kotak committee to corporate governance.(c)/ No 3. To protect investors, SEBI (Mutual Fund) Regulations, (a)/ 1996, endows trustees to the power to (b)/ take whatever remedial steps necessary if they believe that there are violations in the conduct of the business.(c)/ No 4. India has had a history of (a)/ crony capitalism, but it should now move (b)/ forward and to embrace market economics to attain higher sustainable growth.(c)/ No 5. SEBI pulled up mutual fund (a)/ trustees in a meeting called by it recently (b)/ for a series of violations of fund houses.(c)/ No Phrase Replacement 1. The possibility of quick enforcement of laws by itself will install discipline in the private sector. a) To itself is installing b) By itself will instill c) For itself have brought d) Will stall 28. The teacher wrote our names down she should forget. A) because B) in order to C) lest D) so as not to 29. The Government publish health warnings on cigarettes people would become aware of the dangers of smoking. A) even though B) so that 2. It s time that trustees had took their jobs more seriously in protecting investors interests. a) To took b) Took c) Taken d) Have taken

3 3. SEBI needs to take its findings to the logical conclusion by holding fund houses and compliance officers accountable to the violations that it has discovered. a) Compliance officers responsibility for b) Compliance officers accountable for c) Compliance officers consent to d) Compliance officers address for Phrasal Verbs 81. They surrounded the enemy and forced them to. A) give in B) give out C) give up D) give over 82. The unknown substance was giving an unpleasant smell. A) out B) up C) over D) off 90. I don t seem to be making any progress and it s beginning to me down. A) carry B) get C) pull D) take 83. The policeman asked the driver to to the side of the road. A) pull out B) pull in C) pull through D) pull round 84. They say that it takes smokers longer to a cold than nonsmokers. A) get across B) get off C) get out of D) get over 85. Although I hadn t worked very hard, I still managed to (pass) the exam. A) put up B) come round C) get through D) pick up 86. I don t really think I ll the exam this summer. A) get through B) get away with C) get up D)get in 87. It took us nearly half an hour to the hill. It was so steep A) get on B) get up C) get away D) get through 88. I don t like my children going to parties. You never know what young people these days. A) get on with B) get up to C) get through to D)get in with 89. What have you been getting recently? - Oh nothing much. A) through to B) out of C) over D) up to

4 Prudent Increase on RBI s rate hike The decision by the Reserve Bank of India s Monetary Policy Committee to raise benchmark interest rates again by 25 basis points is a prudent one. This is the second successive rate increase in as many months, a response to mounting uncertainties on the inflation front. Continuing volatility in crude oil prices, the recent softening notwithstanding, and its vulnerability to geopolitical tensions and supply disruptions is one of the main risks to the inflation outlook. Among the RBI s other concerns are volatile global financial markets, possibilities of fiscal slippage at the Central and State levels, the likely impact of the increase in the minimum support price for kharif crops, and the staggered impact of upward revisions to house rent allowance paid by State governments. Rainfall has so far been 6% below the long-period average and deficient over a wider area than last year more than a fifth of the country s 36 sub-divisions have reported shortfalls. This has resulted in a drop in the total sown area under kharif. The monetary authority has flagged the need to keep a close watch on rain over the remainder of the season, given the risks regional imbalances may pose to paddy output and CPI inflation. The June round of the RBI s own survey of household inflation expectations reveals that families see prices hardening even further over both the three- and 12-month horizons. Domestic economic activity having strengthened to a point where the output gap has virtually closed, manufacturers polled by the central bank have reported higher input costs and selling prices over the April-June quarter. The portents could not be clearer. With retail inflation having accelerated to 5% in June, the RBI has revised its projection for CPI inflation in the second half of the current fiscal year to 4.8%, from the June forecast of 4.7%, and now sees price gains accelerating to 5% in the April- June quarter of Policymakers on the MPC have understandably spotlighted the risks to the domestic economic rebound from global developments. While rising trade protectionism threatens to impact investment flows, disrupt global supply chains and hurt all-round productivity, depreciations in the value of most currencies against the strengthening dollar have rippled through many major advanced and emerging economies, spurring inflation across these markets. The MPC s primary remit is to ensure that retail inflation stays firmly within a band of 2-6%, and preferably anchored at 4% over the medium term. So there is no room to quibble over the committee s majority decision to raise borrowing costs while retaining a neutral policy stance. With inflation widely accepted as a hidden tax on the poor, the containment of price gains justifiably ought to be the raison d etre of monetary policy. Daily Vocab The Hindu Editorial 2 nd Aug Prudent Increase On RBI S rate hike Prudent (adj) wise ब म न Mount (gerund) to increase gradually बढ़न Volatility (noun) unstable situation अ थरत Notwithstanding despite sth क ब वज द Vulnerability (n) weak and easily hurt कमज र Disruption (n) causing problems Slippage (n) a failure to achieve an aim गरन Flagged (verb) to put a special mark/ to draw attention to sth बत न Portents (n) a sign that sth bad will happen in future ब र स क त Ripple (n, v) to spread फ लन Remit (n) the area of activity over which a particular group has authority अ धक र ह न (V) send money Quibble (v) to argue about a small matter झगड करन Raison d être (n) the most important reason for sb s existence ह न क सबस ज र क रण

5 Video Solutions are available on Unacademy 1. Basic Grammar 2. Phrasal Verbs & Phrase Replacements 3. Common Error & Cloze Test Answers:- 2 nd August Cloze Test - BDACC Parajumble - CFADBE Grammar Exercise - 21-C 22-B 23-C 24-A 25-A 26-B 27-D 28-C 29-B 30-A Advance Fillers e. Wile (n.) means an act or a means of cunning deception 192. d. Infallible (adj.) means not fallible; completely trustworthy; certain 193. d. Levity (n.) is an inappropriate lack of seriousness or lightness of manner; frivolity 194. d. Motif (n.) is a recurrent theme or form in an artistic or literary work 195. c. Consonant (adj.) means in agreement or accord, harmonious Phrasal Verbs - 81-A 82-D 83--B 84-D 85-C 86- A 87-B 88-B 89-D 90-B Common Error 1. C using in place of used 2. C on in place of to 3. B with in place of with 4. C remove to 5. C by in place of of Phrase Replacement 1-B 2. B 3. B For more visit our website For suggestions, comment or call Follow our facebook page - Telegram Channel -