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.

Where is the headquarters of AU Small Finance Bank?

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Tens of thousands of people who lost their homes in a catastrophic earthquake huddled around campfires in the bitter cold and clamoured for food and water on Thursday, three days after the temblor hit Turkey and Syria and killed more than 19,300 on Monday, 6th February, 2023.

Emergency crews used pick axes, shovels and jackhammers to dig through twisted metal and concrete - and occasionally still pulled out survivors. In the Turkish city of Antakya, dozens scrambled for aid in front of a truck distributing children's coats and other supplies. Many of those who lost their homes found shelter in tents, stadiums and other temporary accommodation, but others slept outdoors. In Antakya, over 100 bodies were awaiting identification in a makeshift morgue outside a hospital.

Authorities called off search-and-rescue operations in the cities of Kilis and Sanliurfa, where destruction was not as severe as in other impacted regions. The U.N. is authorised to deliver aid through only one border crossing, and road damage has prevented that thus far. U.N. Officials pleaded for humanitarian concerns to take precedence over wartime politics.

The scale of loss and suffering remained massive. Turkish authorities said on Thursday that the death toll had risen to more than 16,100 in the country, with more than 64,000 injured. In Syria, which includes government-held and rebel-held areas, more than 3,100 have been reported dead and more than 5,000 injured.

Rescue teams urged quiet in the hope of hearing stifled pleas for help, and the Syrian paramedic group known as the White Helmets noted that every second could mean saving a life. But more and more often, the teams pulled out dead bodies.

It was not clear how many people were still unaccounted for in both countries. Turkey's disaster-management agency said more than 110,000 rescue personnel were now taking part in the effort and more than 5,500 vehicles, including tractors, cranes, bulldozers and excavators had been shipped.

The Foreign Ministry said 95 countries have offered help. More than half of that number have sent a total of nearly 6,500 rescuers. Another 2,400 more are still expected to arrive. International aid for Syria was far more sparse.

Efforts there have been hampered by the civil war and the isolation of the rebel-held region along the border that is surrounded by Russia-backed government forces.

Match the words with their meaning.

Words meanings

a. clamoured 1. checked

b. scrambled 2. screamed

c. hampered 3. jostled

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

Survival is the most essential factor for every living organism. People resort to different tricks to make both ends meet. One such live instances is mentioned here. Villagers of Makhrada village believed that a witch lived in the denseforest near Makhrada. The passers by were much harassed by the witch who used to frighten them and also took their belongings. In the village there lived a young man named Dhiru who was fond of adventures. When he heard about the witch, he did not believe that it was one of the witches who ate flesh. But there was something elseabout the witch, which made Dhiru curious. She did not eat flest but took away the belongings of the people. Therefore, he was keen to solve this mystery.

He set out with a bag of mangoes. He walked through the forest till it was midway. He took shelter under a shady tree and pretended to be fast asleep. However, after some time, he really fell as leep. After a while, he felt that someone was trying to snatch his bag of mangoes, Suddenly, he woke up and caught hold of the person. It was the witch who tried to frighten Dhiru and run away. But Dhiru was strong and bold enough to hold the withc fast. The witch finally surrendered. Dhiru forced has to tell him who she really was. The witch removed her mask and narrated her and story. She told that she was a poor old widow and she had nobody to look after her. Therefore, she used to live in the forest, wearing a fearful-looking mask. People passing through the forest got frightened due to her appearance and took her for a witch. She then robbed the people of their belongings to make both ends meet. Dhiru took pity on her and gave her the bag of ranages.

What did the witch do soon after Dhiru caught her? 

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

Core competencies and focus are now the mantras of corporate strategists in Western economies. But while managers in the West have dismantled many conglomerates assembled in the 1960s and 1970s, the large, diversified business group remains the dominant form of enterprise throughout most emerging markets. Some groups operate as holding companies with full ownership in many enterprises, others are collections of publicly traded companies, but all have some degree of central control.

As emerging markets open up to global competition, consultants and foreign investors are increasingly pressuring these groups to conform to Western practice by scaling back the scope of their business activities. The conglomerate is the dinosaur of organizational design, they argue, too unwieldy and slow to compete in today's fast-paced markets. Already a number of executives have decided to break up their groups in order to show that they are focusing on only a few core businesses. 

There are reasons to worry about this trend. Focus is good advice in New York or London, but something important gets lost in translation when that advice is given to groups in emerging markets. Western companies take for granted a range of institutions that support their business activities, but many of these institutions are absent in other regions of the world. Without effective securities regulation and venture capital firms, for example, focused companies may be unable to raise adequate financing; and without strong educational institutions, they will struggle to hire skilled employees.

Communicating with customers is difficult when the local infrastructure is poor, and unpredictable government behavior can stymie any operation, although a focused strategy may enable a company to perform a few activities well, companies in emerging markets must take responsibility for a wide range of functions in order to do business effectively. 

In the case of product markets, buyers and sellers usually suffer from a severe dearth of information for three reasons. First, the communications infrastructure in emerging markets is often under-developed. Even as wireless communication spreads throughout the West, vast stretches in countries such as China and India remain without telephones. Power shortages often render the modes of communication that do exist ineffective. The postal service is typically inefficient, slow, or unreliable; and the private sector rarely provides efficient courier services. High rates of illiteracy make it difficult for marketers to communicate effectively with customers. 

Second, even when information about products does get around, there are no mechanisms to corroborate the claims made by sellers. Independent consumer - information organizations are rare, and government watchdog agencies are of little use. The few analysts who rate products are generally less sophisticated than their counterparts in advanced economies. 

Third, consumers have no redress mechanisms if a product does not deliver on its promise. Law enforcement is often capricious and so slow that few who assign any value to time would resort to it. Unlike in advanced markets, there are few extrajudicial arbitration mechanisms to which one can appeal. 

As a result of this lack of information, companies in emerging markets face much higher costs in building credible brands than their counterparts in advanced economies. In turn, established brands wield tremendous power. A conglomerate with a reputation for quality products and services can use its group name to enter new businesses, even if those businesses are completely unrelated to its current lines. Groups also have an advantage when they do try to build up a brand because they can spread the cost of maintaining it across multiple lines of business. Such groups then have a greater incentive not to damage brand quality in anyone business because they will pay the price in their other businesses as well.

The writer has cited some hurdles in the case of product markets regarding shortage of information. Which of the following statement(s) in this regard is / are true?
 I. Communications infrastructure in emerging markets is often underdeveloped.
 II. Postal service is typically inefficient, slow or unreliable.
 III. High rates of illiteracy make it difficult for marketers to communicate effectively with customers.

Read the following passage carefully and answer the given questions.
It is impossible for a well-educated, intellectual or brave man to make money the chief object of his thought, just as it is for him to make his dinner the principal object of them. All healthy people like their dinners, but their dinner is not the main object of their lives. So all healthy-minded people like making money-ought to like it, and to enjoy the sensation of winning it, but the main object of their life is not money, it is something better than money. A good soldier, for instance mainly wishes to do his fighting well. He is glad of his pay, very properly so, and justly grumbles when you keep him ten years without it - still his main notion of life is to win battles not to be paid for winning them. So of the doctor. They like fees, no doubt, ought to like them, yet if they are brave and well-educated, the entire object of their lives is not fees. They, on the whole, desire to cure the sick, and if they are good doctors, and the choice were fairly put to them, they would rather cure their patient, and lose the fees, than kill him and get it. And so with all other brave and rightly trained men, their work is first, their fees second - very important, no doubt, but still second. But in every nation, there are a vast number of people who are ill-educated, cowardly and stupid. And with these people, just as certainly the fee is first and work second, as with brave people the work is first and fee second.

The writer’s attitude towards people who prefer money to work is -

Directions: Read the following passage carefully and choose the best answer to each question out of the four alternatives.

The most logical and intelligent people seem to go berserk when talking about snakes. Recently a reputed scientist said with a wise look in his eyes that sand boas have two heads. The other day someone walked into my office and stated that in his village at least cobras mate with rat snakes. About other places he was not sure, he added modestly, but that was how it was in his village.

These stories about snakes are myths. Sand boas have only one head; vine snakes do not peck your eyes out; no snake will drink milk. But it is interesting to try and trace the origin of these untruths. The one about the sand boas two heads obviously exists because the short, stumpy tail of this snake looks remarkably like the head, an effective device to fool predators. Or take the one about vine snakes pecking at eyes. It was ‘probably started by a vine snake that had a bad aim, as snakes, when provoked, will bite the most prominent projection of the offender, which is usually the nose.

But the most interesting one is about snakes coming to the scene of killing to take revenge. It so happens that when injured or under stress, a snake exudes, a large quantity of musk. Musk is a powerful sex attractant, the snakes’ equivalent of after-shave lotion. So after a snake is killed, the ground around still has this smell and naturally a snake of the same species passing by will lick its lips and come to investigate. The killer of the snake, who is probably worried if the pooja he performed was adequate to liquidate the killing of a snake, sees the second snake and is convinced that it was not.

The Irula tribals have a good answer to the query about whether cobras have jewels in their heads; “If they did, we wouldn’t be snake catchers, we would be rajas!”

In the context of the passage, predator means

A passage is given with 5 Questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.

The public distribution system, which provides food at low prices, is a subject of vital concern. There is a growing realization that though India has enough food to feed its masses two square meals a day, the monster of starvation and food insecurity continues to haunt the poor in our country. Increasing the purchasing power of the poor through providing productive employment leading to rising income, and thus good standard of living, is the ultimate objective of public policy. However, till then, there is a need to provide assured supply of food through a restructured, more efficient and decentralized public distribution system (PDS). Although the PDS is extensive world – it hasn't reached the rural poor and the remote places. It remains an urban phenomenon, with the majority of the rural poor still out of its reach due to lack of economic and physical access. The poorest in the cities and the migrants are left out, for they generally do not possess ration cards. The allocation of PDS supplies in big cities is larger than in rural areas. In view of such deficiencies in the system, the PDS urgently needs to be streamlined. Also, considering the large it is one of the largest such systems in the food grains production combined with food subsidy on one hand and the continuing slow starvation and dismal poverty of rural population on the other, there is a strong case for making PDS target group oriented. By making PDS target group oriented, not only the poorest and the neediest would be reached without additional cost but we can also reduce the overall costs incurred. 

The public distribution system, which provides food at_______is a subject of vital concern. 

Read the passage carefully and answer the question accordingly.

The saddest part of life lies not in the act of dying, but in failing to truly live while we are alive. Too many of us play small with our lives, never letting the fullness of our humanity see the light of day. I’ve learned that what really counts in life, in the end, is not how many toys we have collected or how much money we’ve accumulated, but how many of our talents we have liberated and used for a purpose that adds value to this world. What truly matters most are the lives we have touched and the legacy that we have left. Tolstoy put it so well when he wrote: “We live for ourselves only when we live for others.” It took me forty years to discover this simple point of wisdom.

Forty long years to discover that success cannot really be pursued. Success ensues and flows into your life as the unintended yet inevitable byproduct of a life spent enriching the lives of other people. When you shift your daily focus from a compulsion to survive towards a lifelong commitment to serve, your existence cannot help but explode into success. I still can’t believe that I had to wait until the “half-time” of my life to figure out that true fulfillment as a human being comes not from achieving those grand gestures that put us on the front pages of the newspapers and business magazines, but instead from those basic and incremental acts of decency that each one of us has the privilege to practice each and every day if we simply make the choice to do so. Mother Teresa, a great leader of human hearts if ever there was one, said it best: “There are no great acts, only small acts done with great love.” I learned this the hard way in my life. Until recently, I had been so busy striving, I had missed out on living. I was so busy chasing life’s big pleasures that I had missed out on the little ones, those micro joys that weave themselves in and out of our lives on a daily basis but often go unnoticed. My days were overscheduled, my mind was overworked and my spirit was underfed.

What according to the passage is success?