Directions: In the passage given below there are blanks, each followed by a word given in the brackets. Every blank has five alternative words given in options. Find the word which best suits the respective blank. If the given word suits the blank, mark 'no correction required' as the answer.

The widespread consternation over the rupee hitting a 27-month low against the dollar is unwarranted, for the Indian currency has been among the better (Q11) [hiking] currencies over the last couple of years. While other (Q12) [trickling] market currencies.  such as the Russian rouble and the Brazilian real are down more than 20 per cent this year, the rupee is lower by just 6 per cent. This follows a strong performance in 2014, when the Indian currency lost just 1.2 per cent against the greenback. It is obvious that the rupee is in a sweet spot (Q13) [peculiar] to its emerging market peers, which have been hit hard by the (Q14) [ascent] in commodity prices. India, on the other hand, has benefited from this fall. The crash in crude prices combined with the checks on gold imports have helped (Q15) [recede] the current account deficit to just 1.27 per cent of GDP. Strong foreign inflows — from both portfolio and direct investments — have pushed India’s forex reserves to $351 billion; we are among the few countries that have (Q16) [considered] to increase forex reserves since the middle of last year. These reserves provide the Indian central bank with (Q17) [ammunition] to protect the rupee from short-term volatility that may arise once the Federal Reserve goes through with its long-anticipated rate hike. Since the Fed has given financial markets sufficient time to (Q18) [discern] the move, a 25 basis points move is not likely to cause too much turbulence. True, some short-term money will flow out of the equity markets; foreign portfolio investors have (Q19) [turned] net sellers since November. But long-term investors are likely to stay put due to the better growth (Q20) [contrariety] of Indian companies. The superior real yield, falling inflation and a stable rupee also make a strong case for staying invested in Indian debt instruments.

Choose the correct answer from the given options to fill the blanks which are numbered.

Direction : Read the following passage carefully and answer the questions given below. Certain words In the passage have been printed In bold to help you locate them when answering some of the questions. 

Can the last fifteen years be called the most successful decade and a half in Indian history and will the next fifteen be equally successful? Consider a culture where independent thinking is not encouraged. Or take the example of traditional family run business with vast resistance to change or a whole nation who believes that breakthrough ideas can be generated abroad but never at home. Partly responsible is socialization from early years we are taught not to question our elders but at workplaces this creates a hurdle for new thinking. Being unable to change radically gives rise to a culture where even the smallest change is heralded as a break through. Indian corporate leaders have done well standing up to global giants as their companies have grown in size and market share. To be successful in international markets they need to be distinct distinct products, processes, technologies, business models and organisations. The bottom line will be Innovation. Creativity workshops are organized to channel people to think differently. There are fantastic ideas being generated all the time but no Industry. breakthrough. Simply because of gravity regressive force exerted by a mindset. Thinking has therefore to happen at three, levels idea, frame and paradigm. From a narrow focus on either product or process innovation organizations need to look at innovating the whole ecosystem of the organization. Many a time waiting for a hundred percent solution before going to the market the organization forgets that it could end up waiting forever. Moreover, sometimes organizations are too focused on today to see tomorrow. Since management mandates are short-term, sowing the seed for a revenue stream today and leaving Its benefits to be reaped by a successor doesn’t appeal to today’s business leader. This is a serious hurdle to into Ovation. Establishing a function called innovation management or training employees through creativity workshops will have few benefits unless each frontline employee is empowered to Share his innovative ideas with the management. What happens to this system when the person driving the change leaves the organization? The approach to innovation hence needs to be system driven rather than people driven. In thirty years, India can be the largest world economy save China and the US. However, as companies grow there exists a resemblance in their products, services, promotions, processes and pricing and so on. There remains only one escape from this trap. 

Which of the following is TRUE in the context  of the passage? 

Select the INCORRECTLY spelt word.

Options:

Select the correct active form of the given sentence.

All his faults were forgiven by her.

Read the following passage and answer the questions given after it.

The Celts who lived in Britain before the Roman invasion of 43 AD could be said to have created the first towns. Celts in southern England lived in hill forts, which were quite large settlements. (Some probably had thousands of inhabitants). They were places of trade, where people bought and sold goods and also places where craftsmen worked. The Romans called them oppida.

However, the Romans created the first settlements that were undoubtedly towns. Roman towns were usually laid out in a grid pattern. In the centre was the forum or market place. It was lined with public buildings. Life in Roman towns was highly civilized with public baths and temples.

From the 5th century Angles, Saxons and Jutes invaded England. At first, the invaders avoided living in towns. However, as trade grew some towns grew up. London revived by the 7th century (although the Saxon town was, at first, outside the walls of the old Roman town). Southampton was founded at the end of the 7th century. Hereford was founded in the 8th century. Furthermore, Ipswich grew up in the 8th century and York revived. However, towns were rare in Saxon England until the late 9th century. At that time, Alfred the Great created a network of fortified settlements across his kingdom called ‘burhs’. In the event of a Danish attack, men could gather in the local burh. However, burhs were more than forts. They were also market towns. Some burhs were started from scratch but many were created out of the ruins of old Roman towns. Places like Winchester rose, phoenix-like, from the ashes of history.

The thing that would strike us most about medieval towns would be their small size. Winchester, the capital of England, probably had about 8,000 people. At that time a 'large' town, like Lincoln or Dublin had about 4,000 or 5,000 inhabitants and a 'medium sized' town, like Colchester had about 2,500 people. Many towns were much smaller. However, during the 12th and 13th centuries most towns grew much larger. Furthermore, many new towns were created across Britain. Trade and commerce were increasing and there was a need for new towns. Some were created from existing villages but some were created from scratch. In those days you could create a town simply by starting a market. There were few shops so if you wished to buy or sell anything you had to go to a market. Once one was up and running, craftsmen and merchants would come to live in the area and a town would grow.

The hill forts of Celts were called:

Select the most appropriate option to substitute the underlined segment in the given sentence. If there is no need to substitute it, select ‘No substitution required’.

A team of biologists have been discovered four new species of horned frogs in the North Eastern region of India.

Direction: Read the following passage carefully and answer the questions given below it. Certain words are given in bold to help you locate them while answering some of the questions.

The effects of the worst economic downturn since the Great Depression are forcing changes on state governments and the U.S. economy that could linger for decades. By one Federal Reserve estimate, the country lost almost an entire year's worth of economic activity – nearly $14 trillion – during the recession from 2007 to 2009. The deep and persistent losses of the recession forced states to make broad cuts in spending and public workforces. For businesses, the recession led to changes in expansion plans and worker compensation. And for individual Americans, it has meant a future postponed, as fewer buy houses and start families. Five years after the financial crash, the country is still struggling to recover." In the aftermath of [previous] recessions there were strong recoveries. That is not true this time around," said Gary Burtless, a senior fellow at the Brookings Institution. "This is more like the pace getting out of the Great Depression." For years, housing served as the backbone of economic growth and as an investment opportunity that propelled generations of Americans into the middle class.

But the financial crisis burst the housing bubble and devastated the real estate market, leaving millions facing foreclosure, millions more underwater, and generally stripping Americans of years' worth of accumulated wealth. Anthony B. Sanders, a professor of real estate finance at George Mason University, said even the nascent housing recovery can't escape the effects of the recession. Home values may have rebounded, he said, but the factors driving that recovery are very different than those that drove the growth in the market in the 1990s and 2000s. Sanders said more than half of recent home purchases have been made in cash, which signals investors and hedge funds are taking advantage of cheap properties. That could freeze out average buyers and also mean little real economic growth underpins those sales. Those effects are clear in homeownership rates, which continue to decline. In the second quarter of this year, the U.S. homeownership rate was 65.1%, according to Census Bureau data, the lowest since 1995. In the mid-2000s, it topped 69%, capping a steady pace of growth that began after the early 1990s recession. Reversing that will be a challenge, in part because credit has tightened and lending rules have been toughened in an effort to avoid the mistakes that inflated the housing bubble in the first place.

"Credit expanded, and now contracted, and it's going to be tight like this as far as the eye can see," Sanders said. "We so destroyed so many households when the bubble burst, there's just not the groundswell to fill the demand again." Some are skeptical that the tight credit market and new efforts to regulate the financial markets, like the Dodd-Frank law, will prove lasting. Americans have often responded with calls for regulation after financial sector-driven crises and accusations of mismanagement, according to Brookings' Burtless. "But eventually, those fires cool down," he said. "It's not as though this memory of what can go wrong sticks with us very long." That can be seen in the intense efforts to water down Dodd-Frank's regulations, Burtless said. Federal regulators have already made moves to relax requirements for some potential homeowners who were victims of the recent housing crisis. Even those steps and an unlikely return to easy credit might not fuel a full housing recovery without economic growth to back it up. As Sanders, referring to the growth in low-wage and part-time employment, put it: "At those wages, it's tough to scramble together down payments and mortgages’’.

 "Turmoil in the housing market has already reshaped the makeup of households nationwide. Homeownership rates among people with children under 18 fell sharply during the recession, declining 15% between 2005 and 2011, according to Census Bureau data. In some states it was far worse. For Michigan, the decline in homeownership was 23%, and in Arizona and California it was 22%. Lackluster job growth has outlived the downturn. A study by the Economic Policy Institute showed wages for all workers, when adjusted for inflation, grew just 1.5% between 2000 and 2007. But the last five years wiped out even those modest gains—the study found wages declined for the bottom 70% of all workers since the recession began. However, some areas have seen manufacturing jobs climb back from recessionary lows, and the energy sector has been a boon for some Midwestern states. One hopeful sign for workers is the shift away from manufacturing growth in the typically low-wage South back toward the Rust Belt states, reversing a movement that was taking hold before the downturn. That trend is documented in a 2012 report from the Brookings Institution, "Locating American Manufacturing: Trends in the Geography of Production.’’

"From 2000 to 2010, both the Midwest and South lost manufacturing jobs at about the national rate of 34%. But the Midwest has seen nearly half of all manufacturing jobs gained since 2010, almost double the increase in the South. For Michigan, the growth was 19%; in Indiana, 12%. Even with that growth, there are caveats. Autoworker unions have ceded ground with companies on wages and benefits, for example, allowing new hires to work for lower pay and fewer benefits than those who've held their jobs longer. Unemployment remains stubbornly high in some states, and the jobs created have leaned heavily toward part-time and low-pay work. A study from the San Francisco Federal Reserve found the proportion of U.S. jobs that are part-time is high, as many of the jobs lost during the recession have not returned.

Choose the word/group of words which is most similar in meaning to the word/group of words printed in bold as used in the passage.
Q. Downturn

Select the option that expresses the given sentence in passive voice.
All his friends laughed at him.