Showing posts with label rbi assistant mains 2016. Show all posts
Showing posts with label rbi assistant mains 2016. Show all posts

Friday, 13 January 2017




Directions (Q.1-10): Read the following passage carefully and answer the questions given below. Certain words/phrases have been printed in bold to help you locate them.

Management is a set of processes that can keep a complicated system of people and technology running smoothly. The most important aspects of management include planning, budgeting, organising, staffing, controlling, and problem-solving. Leadership is a set of processes that creates organizations in the first place or adapts them to significantly changing circumstances. Leadership defines what the future should look like, aligns people with that vision, and inspires them to make it happen despite the obstacles. This distinction is absolutely crucial for our purposes here: Successful transformation is 70 to 90 per cent leadership and only 10 to 30 per cent management. Yet for historical reasons, many organizations today don't have much leadership. And almost everyone thinks about the problems here as one of managing For most of this century, as we created thousands and thousands of large organizations for the first time in human history, we didn't have enough good managers to keep all those bureaucracies functioning. So many companies and universities developed management programmes, and hundreds and thousands of people were encouraged to learn management on the job. And they did. But, people were taught little about leadership. To some degree, management was emphasized because it's easier to teach than leadership. But even more so, management was the main item on the twentieth-century agenda because that's what was needed. For every entrepreneur or business builder who was a leader, we needed hundreds of managers to run their ever growing enterprises.
Unfortunately for us today, this emphasis on management has often been institutionalized in corporate cultures that discourage employees from learning how to lead. Ironically, past success is usually the key ingredient in producing this outcome. The syndrome, as I have observed it on many occasions, goes like this: success creates some degree of market dominance, which in turn produces much growth. After a while keeping the ever larger organization under control becomes the primary challenge. So attention turns inward, and managerial competencies are nurtured. With a strong emphasis on management but not on leadership, bureaucracy and an inward focus take over. But with continued success, the result mostly of market dominance, the problem often goes unaddressed and an unhealthy arrogance begins to evolve. All of these characteristics then make any transformation effort much more difficult.
Arrogant managers can over-evaluate their current performance and competitive position, listen poorly, and learn slowly. Inwardly focused employees can have difficulty seeing the very forces that present threats and opportunities. Bureaucratic cultures can smother those who want to respond to shifting conditions. And the lack of leadership leaves no force inside these organisations to break out of the morass.

1. Why, according to the author, is a distinction between management and leadership crucial? 
1) Leaders are reactive whereas managers are proactive. 
2) Organisations are facing problems of not getting good managers. 
3) Organisations are pursuing the strategy of status quo. 
4) In today's context, organisations need leaders much more than managers in transforming them. 
5) None of these 

2. Why did companies and universities develop programmes to prepare managers in such a large number? 
1) Companies and universities wanted to generate funds through these programmes. 
2) A large number of organisations were created and they needed managers in good number. 
3) Organisations did not want spend their scarce resources in training managers. 
4) Organisations wanted to create communication network through trained managers.
5) None of these 

3. Which of the following is not the characteristic of bureaucratic culture? 
1) Managers listen poorly and learn slowly. 
2) Managerial competencies are nurtured. 
3) Employees clearly see the forces that present threats and opportunities. 
4) Prevalence of unhealthy arrogance. 
5) Managers tend to stifle initiative and innovation.

4. Management education was emphasized in the management programmes because?
1) establishing direction was the main focus of organisations
2) motivating employees was thought to be done by managers
3) strategies for producing change was the main focus of organisations
4) organisations wanted to create powerful guiding coalition
5) management was the main item of agenda in organizations

5. What is the historical reason for many organisations not having leadership?
1) A view that leaders are born they are not made
2) Leaders lack managerial skills and organisations need managers V
3) Leaders are weak in carrying out traditional functions of management
4) Leaders allow too much complacency in organisations
5) None of these

6. Why does the attention of large organizations turn inward?
1) Their managers become arrogant.
2) They have to keep themselves under control.
3) Their success creates market dominance.
4) They want to project their predictability.
5) None of these

7. What, according to the author, is leadership?
1) Process which keeps the system of people and technology running smoothly
2) Planning the future and budgeting resources of the organisation
3) Inspiring people to realise the vision
4) Carrying out the crucial functions of management
5) None of these

8. Which of the following is SIMILAR in meaning to the word SMOTHER as used in the passage? 
1) suppress 
2) encourage 
3) instigate 
4) criticise 
5) attack

9. Which of the following is SIMILAR in meaning of the word NURTURED as used in the passage?
1) created 
2) developed 
3) thwarted
4) surfaced 
5) halted

10.  Which of the following statements is/are definitely true in the context of the passage?
(A) Bureaucracy fosters strong and arrogant culture.
(B) Leadership competencies are nurtured in large-size organisations.
(C) Successful transformation in organizations is 70 to 90 per cent leadership.
1) Only A and B 
2) Only A and C
3) Only B and C  
4) Only B 
5) Only C


Answers :

1. (4)
2. (2)
3. (3)
4. (5)
5. (5)
6. (2)
7. (3)
8. (1)
9. (2)
10.(2)


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Thursday, 12 January 2017




Directions (Q.1-10): Read the following passage carefully and answer the questions given below. Certain words/phrases have been printed in bold to help you locate them.

By downgrading the monsoon forecast for the year to ‘deficient’, the India Meteorological Department has pressed the panic button. The forecast now talks of 88 per cent of the long-period average, down from the preliminary figure of 93 per cent. The revised estimate is indeed cause for concern, as it holds the possibility of the country being pushed into a drought situation. These are forward-looking numbers no doubt. Yet the signals can hardly be ignored. Finance Minister Arun Jaitley has sought to talk up the sentiment by suggesting that the fears are exaggerated, and he may well be right. In his view, the geographical distribution of rainfall and its timing will matter more than the total volume of precipitation. Yet, policy-planners at the fiscal and monetary levels have not shied away from articulating their anxiety. The Centre has said it is ready to face a deficit monsoon. Union Agriculture Minister Radha Mohan Singh has made it clear that the situation is being monitored on a daily basis and that a ‘contingency plan’ is in place. The immediate worry, nay task, is to quickly devise an emergency plan to tackle the social and economic consequences of a possible drought. In the near-term, the government may do well to prepare a ready-to-roll out action programme to provide farmers a support system and fallback mechanism to ensure that they aren’t consumed by the severity of the impact, should there be a drought. This could well prove to be one of the toughest tests yet for the year-old Narendra Modi government. To minimise the annual concerns on this front, governments at the Centre and the States will have to go beyond mere mitigation strategies and work out a long-term irrigation plan in an integrated and holistic manner to optimise the groundwater potential as well.
If the forecast does come true, however, India could be facing the 12th worst drought since 1950. Already hit by unseasonal rain during the rabi season, this portends further trouble during the kharif cycle. This could lead to serious problems on the food front with consequences on the price situation. Already, lack of rural demand is dragging the economy down. The inflation-focussed Reserve Bank of India will have no more leeway to cut the interest rate in such a situation. Three quick rate cuts by the RBI totalling 75 basis points this year have not really seen any major reduction in lending rates by banks at the ground level. With mounting stressed assets and poor credit off-take, the banking industry has so far chosen to be a reluctant actor in the play. The missing X-Factor has conspired with the existing shortfalls in capacity utilisation to make the industry look forlorn. The situation demands proactive action.
-Source The Hindu, Delhi Edition, 7th June

Q.1.Choose an appropriate title for the passage.
1) Yet Another Disaster
2) Awaiting Disaster
3) Drought Like
4) No Instance like this
5) Monsoon Worries, Real or not

Q.2.Which of the following is true according to the passage?

A) The Centre has said it is ready to face a deficit monsoon.
B) The forecast now talks of 88 per cent of the long-period average, down from the preliminary figure of 93 per cent.
C) If the forecast does come true, however, India could be facing the first worst drought since 1950.
1) All A, B and C
2) Only A and B
3) Only B and C
4) Only C and A
5) None of these

Q.3.What does the author suggest the Central and State Govt. to minimize the annual concern on this issue?
1) The author suggests that the Govt. should make promises to the farmers.
2) The author suggested the Govt. to make some shelters for the affected farmers.
3) The author urge both central and state Govt. to go beyond mitigation strategies and take some concrete steps for the affected ones.
4) All of the above
5) None of the above

Q.4. Which of the following is not true according to the passage?
A) Finance Minister Arun Jaitley has sought to talk up the sentiment by suggesting that the fears are exaggerated.
B) The inflation-focussed Reserve Bank of India will have no more advantage to cut the interest rate in such a situation.
C) Drought could lead to serious problems on the food front with consequences on the price situation.
1) Only A
2) Only B
3) Only C
4) None
5) Only A and C

Q.5.What does the author mean by the phrase “contingency plan is in place”?
1) Bad plan in place for the poor.
2) Misplaced plans for the affected farmers.
3) Additional plan to be carried out with the farmers.
4) None of these
5) Additional plan in case the previous one fails.

Q.6.Which of the following is not the synonym of the word “mitigation”?
1) Intensification
2) Zealot
3) Vivisection
4) Sylvan
5) None of these

Q.7.Which of the following is not the synonym of the word “leeway”?
1) Freedom
2) Respect
3) Constraint
4) Disadvantage
5) All of the above

Q.8.Which of the following is the synonym of the word “devise”?
1) Reticent
2) Brawl
3) Tenuous
4) Formulate
5) All of the above

Q.9.Which of the following is the synonym of the word “portend”?
1) Rescind
2) Quiescent
3) Proscribe
4) Probity
5) Prophesy

Q.10.Which of the following is the synonym of the word “holistic”?
1) Minatory
2) Comprehensive
3) Jibe
4) Literati
5) Homily

Answers :

1. 5
2. 2
3. 3
4. 2
5. 5
6. 1
7. 3
8. 4
9. 5
10.2 



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