General English Practice Question and Answer

Q:

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options.

AU Small Finance Bank Limited is an Indian Small Finance Bank, based in Jaipur, India. It was founded as vehicle finance company AU Financiers (India) Ltd. in 1996 and converted to a small finance bank on April 19, 2017.

AU Small Finance Bank serves low and middle-income individuals and micro and small businesses that have limited or no access to formal banking and finance channels. The Bank offers loans, deposits, and payment products and services. AU Small Finance Bank ranked 355 in the list of Fortune India 500 (2019) companies, with annual revenue of 3410.87 crore (US$427 million) and Total B/S Assets of 31198.68 crore (US$ 3.9 billion).

AU Bank enjoys a long-term credit rating of "AA-/Stable" from CRISIL Ratings, ICRA Ratings, India Ratings and CARE Ratings.

The company was founded by Sanjay Agarwal (Managing Director and CEO of AU Small Finance Bank) as a private limited company, and publicly listed in an IPO on June 29, 2017. A merit holder Chartered Accountant and a first-generation entrepreneur, he holds ~ 28.5% stake in the bank. He is supported by a team of 23486 employees.

AU Small Finance Bank is listed on NSE and BSE with a market capitalisation of ~ 37942 crore. On its first day of trading, the stock rose 51% to be the most expensive bank in India based on price-to-book. In November 2017, the Reserve Bank of India added the bank to its schedule of commercial banks, further improving the bank's growth prospects by reducing the cost of short-term funds and improving the bank's ability to provide services.

Over the years, the Bank has attracted marquee investors like IFC, Warburg Pincus, Temasek Holdings, Nomura, Kotak Mahindra MF, etc. Private equity companies that provided venture capital, including Warburg Pincus and International Finance Corporation, made partial exits for as much as nine times their original investment.

Due to its history as a vehicle finance company, as of March 2018 almost all the loans made by AU Small Finance Bank were secured, unlike most small finance banks that have unsecured loans due to their background in microfinance. This provides lower yields (lower interest rates) than unsecured loans, so the bank has been particularly active in growing its deposits, as bank deposits have a lower cost than other sources of funds. It has also sought to diversify into savings products like deposits, payment/transaction banking, distribution of third-party products, and additional loan products thereby positioning itself as a holistic financial products and services provider.

As on June 30, 2021, AU Small Finance Bank's distribution network............... 758 Banking Touchpoints and 23486 employees spread contiguously across 15 states and two Union Territories with over 2 million customers.

The bank has operations in 15 States and two Union Territories, with Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh being key states. It is one of the largest banks by a number of locations in its home state of Rajasthan.

How much approx stake does the founder of AU Small Finance Bank have in AU Small Finance Bank? 

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  • 1
    51% stake
    Correct
    Wrong
  • 2
    28.5% stake
    Correct
    Wrong
  • 3
    37.97% stake
    Correct
    Wrong
  • 4
    10% stake
    Correct
    Wrong
  • 5
    49.23% stake
    Correct
    Wrong
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Answer : 2. "28.5% stake "

Q:

Choose the correctly spelt word. 

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  • 1
    Closhare
    Correct
    Wrong
  • 2
    Kloshur
    Correct
    Wrong
  • 3
    Closure
    Correct
    Wrong
  • 4
    Klousur
    Correct
    Wrong
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Answer : 3. "Closure "

Q:

Rearrange the parts of the sentence in correct order.

There is a deeper

P-fissure here that goes

Q-from western theory

R-beyond explanations

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    PRQ
    Correct
    Wrong
  • 2
    PQR
    Correct
    Wrong
  • 3
    QPR
    Correct
    Wrong
  • 4
    RPQ
    Correct
    Wrong
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Answer : 1. "PRQ"

Q:

Choose the correct alternative which will improve the part of the sentence given in quotes.

It is raining, "isn't it"?

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    Haven't it
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    Wrong
  • 2
    Hasn't it
    Correct
    Wrong
  • 3
    Weren't it
    Correct
    Wrong
  • 4
    No improvement
    Correct
    Wrong
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Answer : 4. "No improvement"

Q:

Direction: In the following passage, some of the words have been left out, each of which is indicated by a number.
Find the suitable word from the options given against each number and fill up the blanks with appropriate words to make the paragraph meaningfully complete. Many of us have a wide variety of responsibilities- familial, employment, educational, social – most of us even have all at the same time. Considering all our duties and the fact that time management is a (A) factor in our mental health, we cannot (B) to ignore any of them. If we plan our time better, we not only get more done, we are more efficient, satisfied and (C) yet relaxed; we are less likely to procrastinate over time. We experience less stress and more self-confidence and self-esteem. Put simply, this way we can attain (D) and reach our goals easily. To do this, firstly it is important to identify what your personal obstacles are. Then write a to-do list of what needs to be done. Start with the most to least important. (E) your work based on your values. Sometimes we won’t get everything done, but if we get the right things done, your day has a good ending. Keep in mind that time management is not about doing everything that needs to be done, at all costs but rather using appropriate time (F). Finally, remember to take a break and know your (G) for stress. Overworking is counterproductive and more often than not results in burnout. Remember, it doesn’t matter what the tasks are, learning to better manage your time to do them will result in less stress and more focus, productivity, efficiency and (in the end) relaxation.

(G) Find out the appropriate word in each case.

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  • 1
    Level
    Correct
    Wrong
  • 2
    Capacity
    Correct
    Wrong
  • 3
    Scope
    Correct
    Wrong
  • 4
    Proportion
    Correct
    Wrong
  • 5
    Magnitude
    Correct
    Wrong
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Answer : 2. "Capacity"

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