Practice English Questions for upcoming SSC Exams were given below, candidates those who are preparing for the examination can use this question.
Directions (Questions.01-10): Read the
passage carefully and answer the questions given below it. Certain
words/phrases have been given in bold to help you locate them while answering
some of the questions.
Over the next
five years, India faces one of the world’s biggest financing challenges:
bringing clean, affordable, reliable, water and energy
to all, building the infrastructure for smart cities to thrive and investing in
enterprises that will provide livelihoods for an extra 10 million jobseekers
each year. Through all of this and beyond, a sustainable financial system is
both a necessity and an opportunity.
For
too long, a myth has been allowed to
take root in India that sustainability and finance are at odds – that taking account
of environmental, social and governance (ESG) factors raises costs, reduces
returns and impedes development. Actual practice suggests the reverse. The
Small Industries Development Bank of India has found, for example, that loans
to energy – efficient companies have a much better loan recovery rate than the
norm. At IDFC, the business case for sustainable finance is real and
multifaceted: reduced risk, increased market share, access to international
finance, reduced reputational risks and enhanced brand value.
Sustainable finance is fundamentally about channeling capital to India’s
real economy needs. Take renewable. The fivefold increase in the country’s
solar target to 100 GW of installed capacity by 2022 will require unprecedented volumes of investment,
perhaps as much as $ 100 billion as per some estimates. Even though solar is
approaching grid parity and offers attractive long-term cash flows with zero
fuel risk, many obstacles remain, not lease off take risk. But bottlenecks in the financial system
also exist. The inclusion of renewable in banks’ power sector exposure limits
means that credit capacity is often capped out.
The
time is ripe for India to move the needle on sustainable finance both domestically
and internally. Together, Ficci and the UN Environment Programme (UNEP) Inquiry
have formed an Indian advisory committee to generate practical policy options
for a sustainable financial system. Harnessing the positive power of financial
innovation is key, and this includes mobilizing India’s debt and equity capital
markets.
The
demand for ‘green bonds’ among the world’s institutional investors is soaring –
with $34 billion being issued this year itself. Certification of what is
‘green’ and awareness creation on the benefit from green bonds for individual
investors are needed. A Green Bond Market Development Committee for India will
soon be set up. On the equity side, the new Infrastructure Investment Trusts
offer the potential to create
India’s own ‘yield co’ segment of low-risk income-bearing clean energy
securities.
Incentives will also be needed to overcome residual investment risks.
But subsidies cannot be the basis for sustainable finance in India. Key
instruments could include guarantee and credit enhancement mechanisms from
national and international development banks to ‘crowd in’ private capital to,
for instance, underpin payments to energy service companies, unlocking the
crucial efficiency market in India. Tax incentives could also be used to
encourage investment flows – already used for the country’s de facto ‘green bond’ leader, the Indian
Renewable Energy Development Authority (IREDA).
1).What are the challenges India faces over
the next five years? Answer in the context of the passage.
A.
Building the infrastructure for
smart cities
B.
Investing in enterprises
C.
Regular availability of water and
energy to all
a)
Only (A) and (B)
b)
Only (B) and (C)
c)
Only (A) and (C)
d)
All (A), (B) and (C)
e)
Only (C)
2).What is the myth about the impact of ESG
factors?
a)
That these factor reduce cost, return
and accelerate development
b)
That these factors have no impact
on a sustainable financial system
c)
That these factors raise costs,
reduce returns and impede development
d)
That these factors facililate
smooth functioning of sustainable financial system
e)
Other than those given in the
options
3).Which of the following statements is not
correct in the context of the given passage?
A.
Sustainable finance means
channeling capital to India’s real economy needs.
B.
Loans to energy – efficient
companies have a much better loan recovery rate.
C.
There has been very little demand
for ‘green bonds’ among the world’s institutional investors.
D.
Investing in enterprises will
provide livelihood for additional ten million jobseekers each year.
a)
Only (A) and (B)
b)
Only (B), (C) and (D)
c)
Only (C)
d)
Only (D)
e)
Only (A) and (C)
4).What is the purpose of FICCI and UNEP
forming an Indian advisory committee?
a)
To woo world’s institutional
investors to invest in green bonds
b)
To mobilise Indian’s debt and
equity capital market
c)
To seek advice from successful
financial institutions
d)
To generate practical policy
options for a sustainable financial system
e)
All the above
5).What will be needed for setting up Green
Bond Development Committee for India? Answer in the context of passage
A.
Guarantee and credit enhancement
mechanisms from national and international development banks
B.
Incentives to overcome residual
investment risks
C.
Tax incentives to encourage
investment flows
a)
Only (A)
b)
Only (B)
c)
Only (C)
d)
All (A), (B) and (C)
e)
None of these
6).What is the meaning of the expression ‘de facto’ as used in the given passage?
a)
In practice but not necessarily
ordained by law
b)
A written statement of facts
c)
By the very nature of the deed
d)
From the beginning
e)
Concerning law
Directions (Questions-07 & 08): 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.
7).Bottlenecks
a)
assistance
b)
hindrance
c)
push
d)
aid
e)
promotion
8).Potential
a)
mechanism
b)
solution
c)
possibility
d)
problem
e)
lacking
Directions (Questions.09 &10): Choose
the word/group of words which is MOST OPPOSITE in meaning of the word/group of
words printed in bold as used in the passage.
9).Unprecedented
a)
freakish
b)
unusual
c)
remarkable
d)
extraordinary
e)
unexceptional
10).Myth
a)
tradition
b)
imagination
c)
fantasy
d)
truth
e)
extraordinary
Answers:
1). d) 2).
c) 3). c) 4). d) 5). e) 6). a) 7).
b) 8). c) 9). e) 10). d)
