Question with Answer Bank PO English

1. According to the passage, which of the following is a reason for the author's prediction regarding N11 countries ?
(a) N11 countries are poorer, have less resources than BRICs countries and do not have much scope to grow
(b) The size of these countries is too great to fuel a high rate of growth as expected by BRICs countries
(c) The world economy is so large that the magnitude of growth from these countries will have to be huge to equal the growth of BRICs
(d) These economies are agricultural and have not opened up their economies yet so their scope of growth is greater than that of BRICs
(e) Other than those given as options                 
Ans (c)
2.  What is the author's view of globalization's second unbounding ?
(a) It proved beneficial since it created a large number of jobs and tremendous growth in cross- border trade
(b) It disturbed the fragile balance of power among BRICs nations and caused internal strife
(c) It caused untold damage America's economy since it restricted the spread of American firms Off-shore
(d) It proved most beneficial for the agricultural sector creating huge employment opportunities
(e) Citizens in advanced countries became much better off than those in emerging economies
Ans (a)
3.  Choose the word which is most nearly the same in meaning as the word Tumbling given in bold as used in the passage.
(a) Jumbling                                      
(b) Confusing                                    
(c) Reducing
(d) Dilapidated                                 
(e) Hurrying                                                    
Ans (c)
4. What do the comparative statistics of 2007 and 2013 for BRICs countries published by the IMF as cited in the passage indicate?
(a) BRICs economies are contributing less to global growth
(b) As the population of these countries grows its growth rate is falling
(c) The financial practices followed by these countries will continue to pay rich dividends
(d) These countries are creating global financial imbalances to the detriment of smaller developing economies like Africa
(e) IMF forecasts of growth rate for these countries have not been fulfilled                                              
Ans (e)
5.  What effect did rise in economies of BRICs have on the global economy ?
(a) It helped stabilize the global economy and insulate it from the fall out of the global financial crisis
(b) Labour became more highly skilled and wages rose alarmingly reducing the off-shoring of jobs to developing countries
(c) Though worldwide poverty rates tumbled, the gap between the rich and the poor in rich economies increased
(d) The cost of living and level of inflation in these countries were maintained at low levels
(e) All the given options are effects of the rise in BRICs economies                         
Ans (a)
6.  What does the phrase 'their ranks will swell but their tread will no longer shake the Earth as it once did' convey in the context of the passage ?
(a) While many countries will try and achieve the same rate of growth as BRICs they will not succeed
(b) The growth of BRICs countries has changed the world's economy in ways that any further growth will not have such a disruptive effect on the world economy
(c) Developing countries have strengthened their fiscal systems in such a way that they will not be shaken to such an extent again
(d) Poverty may increase as the gap between the rich the poor increase but it will never reach the same levels as prior to the crisis
(e) Citizens in advanced countries became much better off than those in emerging economies
Ans (b)
7.  Which of the following best describes 'catch up growth' ?
(a) Emerging economies tried but failed to catch up with America which always grew at a higher growth rate
(b) The size of emerging economies and their purchasing power has caught up with and now exceeds as rich countries together
(c) The growth of the American economy determines the growth of emerging economies
(d) In the latter half of the 1990s some emerging economies outdid America in terms of output per person
(e) None of the given statements describes catch up growth                                                            
Ans (d)
8. Which of the following can be said about 'convergence with a vengeance' ?
A. After the 1990s advanced economies like America were open to the idea of free trade and globalisation.
B. There were huge technological advances which were conducive to allowing business to spread their area of operations.
C. Rich economies felt threatened by the competition from China.
Codes
(a) Only A                                           
(b) only B                                            
(c) Only C  
(d) A and B                                         
(e) B and C                                                          
Ans (d) 
9.  Choose the word which is opposite in meaning to the word Expanded given in bold as used in    the passage.
(a) Widened                                      
(b) Pressured                                   
(c) Delayed
(d) Shrunk                                          
(e) Frightened                                                        
Ans (d)
10. What is the author's main objective in writing this passage?
A. To urge emerging economies to deal with growth which can be disruptive maturely and without conflict.
B. To point out that while the period of growth of BRICs was disruptive this disruption has almost come to a close.
C. To criticize advanced economies for their handling of growth and promoting competition and conflict in certain regions.
Codes
(a) A and B                                         
(b) Only A                                           
(c) Only C
(d) B and C                                         
(e) All of these                                                         
Ans (a) 
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