ENGLISH LANGUAGE FOR UPCOMING BANK & OTHER COMPETITIVE EXAMINATION

Directions: In the following passage, there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately.

Private sector (1) Kotak Mahindra Bank on Tuesday said it has (2) approval of the Reserve Bank of India to sell less than 10 per cent (3)in it to Canada­based pension fund CPIIB. "The Reserve Bank of India has (4) that the bank that it has (5) approval to Canada Pension Plan Investment Board (CPPIB) for acquiring shares in excess of 5 per cent and below 10 per cent of the paid­up (6)," Kotak Mahindra Bank said in a (7) filing to stock exchanges. CPIIB has picked up stake of the bank from Japanese multinational Sumitomo Mitsui Banking Corp (SMBC) through an (8) market (9) earlier this year. CPIIB (10) 1.81 crore shares from SMBC. As per the (11), a foreign investor cannot own more than 10 per cent in a private sector bank. Banks (including foreign banks having (12) presence in India) can continue to (13) stake in a lender's equity shares up to 10 per cent of the investee bank's equity capital. However, in case of exceptional circumstances, such as restructuring of problem/weak banks or in the (14)of consolidation in the banking sector, etc., the RBI may (15) them a higher level of shareholding.

(1)

A) lender

B) leader

C) donor

D) appeared

E) appealed

(2)

A) receiver

B) society

C) received

D) societal

E) receiving

(3)

A) stake

B) stare

C) stair

D) incubator

E) work

(4)

A) adored

B) afforded

C) affordable

D) informed

E) during

(5)

A) grand

B) grant

C) granted

D) grown

E) significance

(6)

A) varied

B) previous

C) various

D) currency

E) capital

(7)

A) planned

B) consort

C) regulatory

D) form

E) gain

(8)

A) open

B) opened

C) prove

D) displayed

E) provide

(9)

A) advised

B) operaĕon

C) backbone

D) board

E) made

(10)

A) bought

B) shared

C) service

D) services

E) stressed

(11)

A) facilitated

B) achieved

C) call

D) norms

E) cash

(12)

A) finance

B) branch

C) ensuring

D) pole

E) lent

(13)

A) highlighted

B) aided

C) acquire

D) bond

E) against

(14)

A) mode

B) risen

C) cooperaĕon

D) providing

E) interest

(15)

A) permit

B) sunrise

C) systemic

D) innovaĕons

E) planned

SOLUTION

1. A

2. C

3. A

4.D

5. C

6. D

7. C

8. A

9. B

10. A

11. D

12. B

13. C

14. E

15. A