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Everything From A Single Para English Aptitude Test-Outlook 29/08

Everything From A Single Para English Aptitude Test-Outlook 29/08

These Questions Completely based on Single “Outlook” Paragraph. The purpose to start this is to make you read the same paragraph again and again to understand the different types of questions like comprehension, cloze test, sentence arrangement, sentence improvement, vocab, antonyms, synonyms, fillers (all based on single paragraph) etc. Reading this paragraph while practicing these questions will help you understand.

Outlook : 29 August 2019

 

Subject: Good Intent Need Not Be So Taxing
Title: The government is ­absolutely right that we have to deal with defaulters and over-leveraged companies by assessing the probability of recovery, or else file for bankruptcy.
Most businesses are suffering from being over-leveraged, causing them to default on payments. When I say over-leveraged, it means you have borrowed beyond your means. Your business doesn’t have the capacity to sustain the borrowings. These days, banks are wary of defaulters.
When banks demand payments and realise that businesses don’t have the means to pay back, it creates distress. Under normal circumstances, such businesses should file for bankruptcy, but no Indian businessman wants to do that. They would like to basically try and survive as long as they can. They are in denial.
The bankruptcy code is specifically meant to deal with business failure and it should be the preferred way to deal with unviable businesses. I believe it is a big economic reform. The government is ­absolutely right that we have to deal with defaulters and over-leveraged companies by assessing the probability of recovery, or else file for bankruptcy. What is happening instead is that all regulatory agencies swing into action and start demanding that it is now payback time. When businessmen are unable to do so, there is severe harassment. So, while I think the government is correct in its intent, the methodology needs to be more phased.
In the West, if you get into a financial mess or irrevocable debt, you file for bankruptcy. Companies do not attempt to borrow more because it doesn’t make sense. And such businesses are either auctioned through the bankruptcy process or businesses are permitted to restart again with a clean slate. My perception is that Indian businessmen have been too used to being able to borrow as much as they can. Most businessmen who are over-leveraged are in trouble.
It is important for businesses to realise that if they can’t sustain their borrowings, they must file for bankruptcy. As a businessperson, I am very cautious and believe strongly in being fiscally prudent in terms of managing my debt-equity ratio.
I would never borrow beyond a certain level. That’s not the psyche of businessmen in India in the past. So most businessmen borrowed as much as they could from banks and the banks didn’t mind lending in order to drive their own growth. So, both of them are guilty.
However, it’s the borrower who must be held accountable in the end.The media misquoted me on tax ­iss­ues when I was opining on regulatory overreach, which has been there for a long time. Today, it’s amplified beca­use of the government’s desire to clean up the Indian business environment. So that is what is being referred to as ‘tax aggression’ or ‘tax terrorism’.
Tax agencies have the accepted practice of giving ­targets, a norm that has been in practice for decades. So it hasn’t happened suddenly. However, today, when the government signals that it’s time to clean up tax arrears or tax evasion, the tax collectors get overzealous and it gives them a licence to be high-handed and even extortionist. So in essence, what is happening today, is that regulators are feeling more empowered to go even ­beyond what is their remit.

Directions (1-3) Choose the similar meaning

Q1. Extortionist
a)racketeer

b)hasty
c)gloomy
d)sly

e)None

Q2. Accountable
a)nimble

b)active
c)liable
d)all
e)None

Q3. Leveraged
a)seclusion

b)grip
c)isolation
d)all
e)None

Directions: (4-5) choose the opposite meaning

Q4. Auctioned

a)conceal

b)conceal

c)instill

d)all

e)None

 

Q5. Evasion
a)daub

b)novel
c)confrontation
d)all

e)None

Direction (6-7): 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.
Q6. Many businesses are suffering from being over-leveraged, causing them to default on payments. When I say over-leveraged, it means you have borrowed beyond your means.
a)Most businesses

b)Many businesses
c)many a businesses
d)Most of businesses
e) None

Q7. The bankruptcy code is specifically meant to deal with business failure and it should be the preferred way to deal with unviable businesses.
a)deal about
b)deal in
c)deal with
d)deal
e) None

Directions (8-10): In the passage given below there are blanks which are numbered from 8 to 10. 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.
In the West, if you get into a financial mess or ……….8………. debt, you file for ………9………. Companies do not attempt to borrow more because it doesn’t make sense. And such businesses are either auctioned through the bankruptcy process or businesses are permitted to ………..10……..again with a clean slate. My perception is that Indian businessmen have been too used to being able to borrow as much as they can.
Q8.
a)cunning

b)conquer
c)agility
d)irrevocable
e) None

Q9.
a)sly

b)guile
c)bankruptcy
d)haggard

e) None

Q10.
a)deceit

b)sleuths
c)exhaust
d)restart
e)None

Directions (11-12): 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.
Q11. So most businessmen borrowed(a)/ as much as they could from banks(b)/ and the banks didn’t mind(c)/ lending in order to drive its own growth(d)/(e)/
a) A

b) B

c) C

d) D

e) E 

Q12. Today, it’s amplified because of the(a)/ government’s desire to clean up the Indian(b)/ business environment. So that is what is being referred(c)/ to as ‘tax aggression’ or ‘tax terrorism(d)/(e)/
a) A

b) B

c) C

d) D

e) E 

Directions (13-15): 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.

a) The media misquoted me on tax ­iss­ues when I was opining on regulatory overreach, which has been there for a long time.
b) Today, it’s amplified beca­use of the government’s desire to clean up the Indian business environment. So that is what is being referred to as ‘tax aggression’ or ‘tax terrorism’.
c) However, today, when the government signals that it’s time to clean up tax arrears or tax evasion, the tax collectors get overzealous and it gives them a licence to be high-handed and even extortionist.
d) So it hasn’t happened suddenly.
e) Tax agencies have the accepted practice of giving ­targets, a norm that has been in practice for decades.
Q13. Which is the Second step after rearrangement? 
a) A

b) B

c) C

d) D

e) E 

Q14. Which is the Third step after rearrangement?
a) A

b) B

c) C

d) D

e) E 

Q15. Which is the Fourth step after rearrangement?
a) A

b) B

c) C

d) D

e) E 
Directions (16-17): 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.

Q16. They would like to basically try and ……….. as long as they can. They are in denial.
a)vivacity

b)languor
c)allay
d)survive
e)None

Q17. The bankruptcy code is specifically meant to deal with business failure and it should be the preferred way to deal with …………. businesses.
a)unviable

b)weary
c)sober
d)cumbersome
e) None

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

Q18. According to passage what do you understand with the term over-leveraged?
a)banks are wary of defaulters

b)business failure
c)basically try and survive
d)borrowed beyond your means
e) None

Q19. According to passage bankruptcy code basically deal with what?

a)financial mess

b)business failure
c)irrevocable debt
d)all

e) None

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

(I)Companies do not attempt to borrow more because it doesn’t make sense
(II)Most businessmen who are leveraged are in trouble.
(III)the tax collectors get happy and it gives them a licence to be high-handed

a) Only (III)

b) Both (I)
c) Both (II) and (III)

d) All are incorrect

e) None

Answers With Explanation

Ans.1, a it means a person who tries to obtain something through force or violence; a racketeer.
Ans.2, c it means required or expected to justify actions or decisions; responsible.
Ans.3, b it means use borrowed capital for (an investment), expecting the profits made to be greater than the interest payable.
Ans.4, b Auction means sell or offer for sale at an auction. Conceal means not allow to be seen; hide.
Ans.5, c Evasion means the action of evading something. Confrontation means a hostile or argumentative situation or meeting between opposing parties..
Ans.6, a is correct. We use the quantifier most to talk about quantities, amounts and degree. We can use it with a noun (as a determiner) or without a noun (as a pronoun). We can also use it with adjectives and adverbs to form the superlative.

Most with a noun
We use most with nouns to mean ‘the majority of’:

She plays tennis most mornings.

Most tap water is drinkable
Ans.7, c One meaning of “deal with” is to take action or do something. We often use “deal with” when talking about solving a problem. For example, let’s say someone forgot to close the office window before a rain storm hit. Listen:

Rain came in through that window. Can you deal with it?
We also can use “deal with” in relation to buying or selling goods or services.

This phone doesn’t work – and I just bought it last week.

I’ve dealt with that company before. I’m sure they’ll give you a new one.
Ans.8, c it means not able to be changed, reversed, or recovered; final.
Ans.9, c it means Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
Ans.10, d it means start again.
Ans.11, d use their in place of its Both its and their are pronouns. While its is a singular pronoun, their is a plural pronoun.

A company is a collective noun. In AmE, Company takes a singular verb form and singular pronoun. While in BrE, Company takes a plural verb form and plural pronoun.

So, depending on that, both are correct.

The company will issue its annual report next month.

The company will issue their annual report next month.
Ans.12, e no error.
Ans.13, b is correct. Because the correct sequence is ABEDC.
Ans.14, e is correct.
Ans.15, d is correct.
Ans.16, d it means continue to live or exist, especially in spite of danger or hardship.
Ans.17, a it means not capable of working successfully; not feasible.
Ans.18, d according to passage d is correct.
Ans.19, b according to passage b is correct.
Ans.20, b according to passage b is correct.

 

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