The Mint Opinion

Everything From A Single Para | Verbal Aptitude Test | English Aptitude Test

These Questions Completely based on Single The Hindu Editorial. Practicing these questions will help you understand The Hindu Editorial Deeply. Which will help in Every exam.

 The Hindu: 27 June 2019

RCEP next steps: on India’s free trade agreement

India cannot afford to fall out of the free trade agreement negotiations

Leaders of the 10-member Association of South East Asian Nations have resoundingly committed to conclude negotiations for the Regional Comprehensive Economic Partnership free trade agreement by the end of 2019. Some like the Malaysian Prime Minister went a step further, suggesting that countries not ready to join the RCEP, notably India but also Australia and New Zealand, could join at a later date, allowing a truncated 13-member RCEP to go ahead. Others insist that all 16 members must agree on the final RCEP document. It is clear that ASEAN, which first promoted the RCEP idea in 2012, is putting pressure on all stakeholders to complete the last-mile negotiations. The ASEAN summit, which ended in Bangkok on Sunday, agreed to send a three-member delegation to New Delhi to take forward the talks. RCEP includes ASEAN’s FTA partners — India, China, Japan, South Korea, Australia and New Zealand — and the FTA would encompass 40% of all global trade among economies that make up a third of global GDP. India has been keen to join. But six years into negotiations, its concerns remain: opening its markets for cheaper goods from countries like China and South Korea; and ensuring that RCEP countries open their markets for Indian manpower (services).

India has a trade deficit with as many as 11 of the RCEP countries, and it is the only one among them that isn’t negotiating a bilateral or multilateral free trade agreement with China at present. As a result, although negotiators have agreed to New Delhi’s demand for differential tariffs for its trade with China vis-à-vis the others, India has also made tagging the “Country of Origin” on all products a sticking point in RCEP negotiations. Despite its misgivings, however, the government has reiterated that it is committed to making RCEP work, and any attempt to cut India out of the agreement was “extremely premature”. In the next few months, India will be expected to keep up intense negotiations, and most important, give a clear indication both internally and to the world that it is joining RCEP. To that end, the Commerce Ministry has begun consultations with stakeholders from industries that are most worried about RCEP, including steel and aluminium, copper, textile and pharmaceuticals, and has engaged think tanks and management institutes to develop a consensus in favour of signing the regional agreement. Giving up the chance to join RCEP would mean India would not just miss out on regional trade, but also lose the ability to frame the rules as well as investment standards for the grouping. Above all, at a time of global uncertainties and challenges to multilateralism and the international economic order, a negative message on RCEP would undermine India’s plans for economic growth.

Directions (1-2):Read each of the following sentences to find out if there is any grammatical error in it. The error, if any, will be in one part of the sentence. The number (A, B, C or d) of this part is your answer. If there is no error in the statement, then mark option (e) as your answer choice.

Q1. Giving up the chance to join RCEP would(a)/ mean India would not just miss out on regional(b)/ trade, but also lose the ability to frame the rules(c)/ and investment standards for the grouping(d)/ (e)

  1. a) ab) b                 c) c                     d) d                   e) e

Q2. India will be expected to keep up(a)/ intense negotiations, and most important(b) give a clear indication both internally and to (c)the world that it is joining RCEP(d)/ (e)

  1. a) a              b) b                 c) c                     d) d                   e) e

Directions (3-5):In the passage given below there are blanks which are numbered from 3 to 5. They are to be filled with the options given below the passage against each of the respective numbers. Find out the appropriate word in each case which can most suitably complete the sentence without altering its meaning. If none of the words given in options fits in, mark ‘None of these’ as your answer choice.

Some like the Malaysian Prime Minister went a step further, suggesting that countries not ready to join the RCEP, ….3….India but also Australia and New Zealand, could join at a later date, allowing a ….4…. 13-member RCEP to go ahead. Others insist that all 16 members must agree on the final RCEP document. It is clear that ASEAN, which first ….5…. the RCEP idea in 2012, is putting pressure on all stakeholders to complete the last-mile negotiations.

Q3. a)notably    b)remarkably     c)ally    d) all     e) None

Q4. a) scandalous   b)truncated     c)infamous    d) all     e) None

Q5. a)woe  b)pensive    c)promoted     d) all     e) None

Directions (6-8): Rearrange the following sentences (a), (b), (c), (d), and (e) in the proper sequence to form a meaningful paragraph and then answer the questions given below.

  1. a)India has a trade deficit with as many as 11 of the RCEP countries, and it is the only one among them that isn’t negotiating a bilateral or multilateral free trade agreement with China at present.
  2. b)Despite its misgivings, however, the government has reiterated that it is committed to making RCEP work, and any attempt to cut India out of the agreement was “extremely premature”.
  3. c)As a result, although negotiators have agreed to New Delhi’s demand for differential tariffs for its trade with China vis-à-vis the others.
  4. d)India has also made tagging the “Country of Origin” on all products a sticking point in RCEP negotiations.

Q6. Which is the Second step after rearrangement?

  1. a) A          b) B           c) C           d) D          e) E

Q7. Which is the THIRD step after rearrangement?

  1. a) A            b) B            c) C             d) D             e) E

Q8. Which is the Fourth step after rearrangement?

  1. a) A            b) B            c) C             d) D           e) E

Directions (9-10): In each of the following sentences, there is a blank space. Below each such sentence, there are four options with one word each. Fill up the blank with the word that makes the sentence grammatically and contextually correct. If none of the four words is your answer, choose option (e) as your answer choice.

Q9. In the next few months, India will be expected to keep up intense ………, and most important, give a clear indication both internally and to the world that it is joining RCEP.

a)negotiations    

b)curtail    

c)purism     

d) All   

e) None

Q10. It is clear that ASEAN, which first promoted the RCEP idea in 2012, is putting pressure on all …….. to complete the last-mile negotiations.  

a)decree    

b)stakeholders   

c)sort   

d) All   

e) None

Direction (11-12): Which of the following phrases given below each sentence should replace the phrase printed in bold letters to make the sentence meaningfully correct. Choose the best option among the five given alternatives that reflect the correct use of phrase in the context of the grammatically correct sentence. If the sentence is correct as it is, mark “No Error” as your answer.

Q11. Leaders of the 10-member Association of South East Asian Nations has resoundingly committed to conclude negotiations for the Regional Comprehensive Economic Partnership free trade agreement by the end of 2019.

a)Asian Nations have resoundingly committed to 

b)Asian Nations have been resoundingly committed to       

c)Asian Nations is being resoundingly committed to

d)Asian Nations resoundingly committed to                

e) None

Q12.  In the next few monthsIndia will be expected to keep up intense negotiations, and most important, give a clear indication both internally and to the world that it is joining RCEP.

a)India is expected to keep up   

b)India will expected to keep up        

c)India is expecting to keep up

d)no correction required                 

e) None

Directions (13-15) choose the similar meaning

Q13. Truncated

  1. a) maximize         b)large        c) curtail               d)All            e) None

Q14. Multilateralism

  1. a) extent        b)commence     c)colossal             d)All            e) None

Q15. Encompass

  1. a) encircle         b) clash           c)colleague           d)All            e) None

Directions: (16-17) choose the opposite meaning

Q16. Negotiators

  1. a) bargain          b)talks             c)soliloquy       d)agreement          e) None

Q17. Stakeholders

a)collaborator      b)arbitrator       c)ally               d)contributor            e) None

Directions (18-20): Answer the questions given below based on the passage.

Q18. According to passage which country putting pressure on other countries to settle down the final negotiations?

  1. a) India     b) ASEAN members   c) Australia & New Zealand       d) a & b    e) None

Q19. According to the passage how much ASEAN’s FTA partners would encompass all global trade among economies?

  1. a) 40%                b)30%           c)4%             d) 60%                             e) None

Q20. Which of the following statements is/are true in context of the passage above?

(I) India has a trade deficit with as many as 12 of the RCEP countries,

(II) Giving up the chance to join RCEP would mean India will do best with other countries.

(III) The ASEAN summit, held in India this year

  1. a) Only (I)     b) Both (I) and (II)      c) Both (II) and (III)      d) All are incorrect   e) None

 

Answer With Explanation 

 

Ans.1, d replaces and with as well as, as well as is often used as a synonym for and, which it is not. Swedish is spoken in Sweden, as well as in parts of Finland. Incorrect

Ans.2, e no error

Ans.3, a notably means in particular; especially.

Ans.4, b it means shorten (something) by cutting off the top or the end.

Ans.5, c it means support or actively encourages (a cause, venture, etc.); further the progress of

Ans.6, c is correct ACDB

Ans.7, d is correct.

Ans.8, b is correct.

Ans.9, a it means discussion aimed at reaching an agreement

Ans.10, b it means an independent party with whom each of those who make a wager deposits the money or counters wagered

Ans.11, a is correct it is in present perfect and in plural so use have in place of has.

Ans.12, d is correct.

Ans.13, c shorten (something) by cutting off the top or the end.

Ans.14, e it means the principle of participation by three or more parties, especially by the governments of different countries.

Ans.15, a it means surround and have or hold within.

Ans.16, c negotiation means discussion aimed at reaching an agreement. Soliloquy means an act of speaking one’s thoughts aloud when by oneself or regardless of any hearers, especially by a character in a play.

Ans.17, b an independent party with whom each of those who make a wager deposits the money or counters wagered. Arbitrator means an independent person or body officially appointed to settle a dispute.

Ans.18, b according to passage ASEAN is putting pressure on stakeholder.

Ans.19, a is correct.

NO COMMENTS:

Your email address will not be published. Required fields are marked *