Directions: In the following passage, there are blanks, each of which has been numbered. Against every five words are suggested one of which fits the blank appropriately. Find out the appropriate word in each case.

The world of finance can be __(A)_, but understanding key concepts and strategies can help investors make __(B)_ decisions. One important concept is the time value of money, which refers to the fact that a dollar today is worth more than a dollar in the future. This is because money can be invested and earn _(C)__ over time, meaning that a dollar today has the potential to grow into more than a dollar in the future. Risk tolerance is another important consideration when it comes to investing. The level of risk an investor is willing to take on should be carefully __(D)_ against the potential for return. Generally, the higher the risk of an investment, the higher the potential return, but also the higher the potential for loss.

When investing in the stock market, investors have several strategies to choose from. Value investing involves looking for stocks that are trading at a lower price than their intrinsic value, while growth investing involves looking for companies that are expected to grow at a faster rate than the overall market. Regardless of the strategy chosen, it's important to __(E)_ a portfolio across different asset classes to reduce overall risk and maximize potential gains.

Which of the following words most appropriately fits the blank labelled (D)?

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

Now, what exactly does big business want? Though they cite some ____________ worded performance indicators to compile the index, the true intention appears to be
something ___________. They want land at throwaway prices even _____________ it is fertile agriculture land; they want licenses to be issued immediately even if the
proposed activities are likely to result in environmental _____________; they want labour laws to be favourable to them so it becomes easy to hire _______ fire and
exploit workers; and they want the government to respond favourably to their ‘bailout’ demands from time to time so they can transfer their risk on to taxpayers,
notwithstanding the fact that they enjoyed their profits during their heyday.

something ____________. They want land at

Read the following passage and answer the questions that follow-
Parents all over Iceland’s capital Reykjavik embark on a two-hour evening walk around their neighbourhood every weekend, checking on youth hangouts as a 10 pm curfew approaches.The walk in Reykjavik is one step toward Iceland’s success into turning around a crisis in teenage drinking.Focusing on local participation and promoting more music and sports options for students, the island nation in the North Atlantic has dried up a teenage culture of drinking and smoking. Icelandic teenagers now have one of the lowest rates of substance abuse in Europe.The Icelandic Centre for Social Research and Analysis, the institute pioneering the project for the past two decades, says it currently advises 100 communities in 23 countries, from Finland to Chile, on cutting teenage substance abuse. “The key to success is to create healthy communities and by that get healthy individuals, ” said Inga Dora Sigfusdottir, a sociology professor who founded the Youth of Iceland programme, which now has rebranded as Planet Youth.The secret, she says, is to keep young people busy and parents engaged without talking much about drugs or alcohol. That stands in sharp contrast to other anti-abuse programmes which try to sway teenagers with school lectures and scary, disgusting ads showing smokers’ rotten lungs or eggs in a frying pan to represent an intoxicated brain.
“Telling teenagers not to use drugs can backlash and actually get them curious to try them,” Ms Sigfusdottir said. In 1999, when thousands of teenagers would gather in Reykjavik every weekend, surveys showed 56% of Icelandic 16-year-olds drank alcohol and about as many had tried smoking.
Years later, Iceland has the lowest rates for drinking and smoking among the 35 countries measured in the 2015 European School Survey Project on Alcohol and Other Drugs. On average, 80% of European 16-year-olds have tasted alcohol at least once, compared with 35% in Iceland, the only country where more than half of those students completely abstains from alcohol.
Denmark, another wealthy Nordic country, has the highest rates of teenage drinking, along with Greece, Hungary and the Czech Republic, where 92% to 96% have consumed alcohol. In the US, teen drinking is a significant health concern, because many US teenagers are driving cars and do not have access to good public transport like teenagers in Europe.
Reykjavik mayor Dagur B. Eggertsson said the Icelandic plan “is all about society giving better options” for teens than substance abuse. He believes the wide variety of opportunities that now keep students busy and inspired has dramatically altered the country’s youth culture. Local municipalities like Reykjavik have invested in sport halls, music schools and youth centres.To make the programmes widely available, parents are offered a 500 US dollar
annual voucher toward sports or music programmes for their children.

Researchers say the Planet Youth prevention model is evolving constantly because it is based on annual surveys to detect trends and measure policy effectiveness. By law, introduced when Icelandic police routinely dealt with alcohol-fuelled street gatherings, children under 12 are not allowed to be outside after 8pm without parents and those 13 to 16 not past 10pm. “We tell the kids if they are out too late, polite and nice, and then they go home,” said Heidar Atlason, a veteran member of the patrol. Over Iceland’s harsh winter, one parent admits, evenings sometimes pass without running into any students.

"Cutting teenage substance abuse" refers to-

Directions: Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
   
Indeed the western recession is really the beginning of good news for India! But to understand that we will have to move away for a while from the topic of western recession . . . . . . . to the Japanese recession! For years the Japanese style of management has been admired. However, over the last decade or so, one key question has sprung up ‘if Japanese management style is as wonderful as described then why has Japan been in a recession for more than a decade?'
The answer to this question is very simple. Culture plays a very important part in shaping up economies. What succeeds in one culture fails in another. Japanese are basically nonmaterialistic. And however rich they become, unlike others, they cannot just keep throwing and buying endlessly. And once they have everything they need; there is a saturation point. It was only when companies like Toyota realized that they cannot keep selling cars endlessly to their home market that they went really aggressive in the western markets-and the rest is history. Japanese companies grew bigger by catering to the world markets when their home markets shrunk.

served equally well. They were lured through advertising and marketing techniques of ‘dustbinisation' of the customer; and then finally, once they became ready customers, they were given loans and credits to help them buy more and more. When all the creditworthy people were given loans to a logical limit, they ceased to be a part of the market. Even this would have been understandable if it could work as an eye-opener. Instead of taking the 'Right Step' as Toyota did, they preferred to take a 'shortcut'. Now banks went to the noncredit worthy people and gave them loans. The people expectedly defaulted and the entire system collapsed.

Now like Toyota western companies will learn to find new markets. They will now lean towards India because of its common man! The billion-plus population in the next 25 years will become, a consuming middle-class. Finally, there will be a real surge in income of these people and in the next fifty odd years, one can really hope to see an equal world in terms of material plenty, with poverty being almost nonexistent! And this will happen not by selling more cars to Americans and Europeans. It will happen by creating markets in India, China, Latin America and Africa, by giving their people purchasing power and by making products for them.
The recession has made us realize that it is not because of worse management techniques, but because of limits to growth. And they will realize that it is great for planet earth. After all, how many cars and houses must the rich own before calling it enough? It's time for them to look at others as well. Many years back, to increase his own profits, Henry Ford had started paying his workers more, so that they could buy his cars. In similar fashion, now the developed world will pay the developing world people so that they can buy their cars and washing machines.
The recession will kick - start the process of making the entire world more prosperous, and lay the foundation of limits to growth in the west and the foundation of real globalization in the world - of the globalization of prosperity. And one of its first beneficiaries will be India. 

According to the passage, which of the following was NOT an effect of providing loans and cred its to the customers?
(A) The non-creditworthy people defaulted.
(B) People bought new products which were not needed.
(C) Poverty became non - existent. 

Directions: Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them, while answering some of the questions.
Among those suffering from the global recession are millions of workers who are not even included in the official statistics : urban recyclers – the trash pickers, sorters, traders and reprocesses who extricate paper, cardboard and plastics from garbage heaps and prepare them for reuse. Their work is both unrecorded and largely unrecognized, even though in some parts of the World they handle as much as 20% of all waste.
The World’s 15 million informal recyclers clean up cities, prevent some trash from ending in landfills and thus, reduce climate change by saving energy on waste disposal techniques like incineration. In the developed countries they are the preferred ones since they recycle waste much more cheaply and efficiently than governments or private corporations can. In the developing World, on the other hand, they provide the only recycling services except for a few big cities. But as recession hits the markets Worldwide, the price of scrap metal, paper and plastic has also fallen. Recyclers throughout the World are experiencing a sharp drop in income. Trash pickers and scrap dealers saw a decline of as much as 80% in the price of scrap from October 2007 to October 2009. In some countries scrap dealers have shuttered so quickly that researchers at the Solid Waste Management Association didn’t have a chance to record their losses. In Delhi, some 80% of families in the informal recycling business surveyed by an organization said they had cut back on “luxury foods,” which they defined as fruit, milk and meat. About 41% had stopped buying milk for their children. By this summer, most of those children, already malnourished, hadn’t had a glass of milk in nine months. Many of these children have also cut down on hours spent in school to work alongside their parents. Families have liquidated their most valuable assets – primarily copper from electrical wires – and have stopped sending remittances back to their rural villages. Many have also sold their emergency stores of grain. Their misery is not as familiar as that of the laid-off workers of big name but imploding, service sector corporation, but it is often more tragic. Few countries have adopted emergency measures to help trash pickers. Brazil, for one, is  providing recyclers, or “catadores,” with cheaper food, both through arrangements with local farmers and by offering food subsidies. Other countries, with the support of non-governmental organizations  and donor agencies are following Brazil’s example. Unfortunately, most trash pickers operate outside official notice and end up falling through the cracks of programmes like these. In the long run,  though, these invisible workers will remain especially vulnerable to economic slowdowns unless they are integrated into the formal business sector, where they can have insurance and reliable wages. This is not hard to accomplish. Informal junk shops should have to apply for licences, and governments should create or expand doorstep waste collection programmes to employ trash pickers. Instead of sorting through haphazard trash heaps and landfills, the pickers would have access to the cleaner scrap that comes from households.

The need of the hour, however, is a more immediate solution. An efficient but temporary solution would be for governments where they’d have to pay a small subsidy to waste dealers so they could purchase scrap from trash pickers at about 20% above the current price. This increase, if well advertised and broadky utilized, would bring recyclers a higher price and eventually bring them back from the brink. Trash pickers make our cities healthier and more liveable. We all stand to gain by making sure that the work of recycling remains sustainable for years to come.

What does the author mean by “Their misery is not as familiar as that of the laid-off workers of big-name but imploding, service sector corporation” as given in the passage?

In the following passage some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each blank.

China is the largest producer of pork, but it (1) ______ a big problem at the moment. There is an epidemic (2) _____ is killing its pigs. The virus was first (3) _____ in August last year, but one million pigs have died by now. It is a (4) ______ virus and when a pig catches it, it dies. China thinks that one third of (5) ______ pigs are going to die by the end of this year.

Select the most appropriate option for blank No. 3.

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

For months the old tanker, African Queen , lay turned over on her side, stuck fast in the sands off the coast of Maryland. She had run aground so badly that her owners had decided to leave her to her fate. It was considered impossible to refloat her and the ship began to rust and sink deeper and deeper into the sands. Men frequently came out in small boats and removed any parts that could be sold-until two men decided to attempt the impossible : to float the African Queen once more. Both men were engineers and had no experience of ships so that few people thought they could succeed. 

The men began by studying the exact state of the African Queen and came to the conclusion that she would float again if air was pumped into the tanks which were now full of sea-water. A diver was sent down to examine the underside of the ship. In the cold, dark water he found an enormous hole in her side which had been torn when the ship ran aground. It was plain that nothing could be done until the hole was repaired. As no single sheet of steel would cover it, the men were obliged to order a great number of sheets which had to be joined together. For several weeks divers worked continually to close the hole. At times, the sea was so rough that it was difficult to go down; and on more than one occasion, they had to contend with sharks. 

At last the hole was covered and the men began to pump the sea-water out of the ship’s tanks. It seemed as if they were bound to succeed, for when the tanks were full of air, the African Queen began to stir in the water. The men could not understand why she still would not float until they discovered that her rudder was embedded in mud. Huge cranes were brought to haul the sunken rudder out and the ship was again afloat. By this time, the men were almost exhausted. They had worked ceaselessly for three months to save the African Queen and had succeeded when everyone thought they would fail. Now they stood on the bridge of the ship, tired but proud, as tugs brought the African Queen into the harbour. 

Men frequently went out to the African Queen because 

Directions : You have a passage with 10 questions. Read the passage carefully and choose the best answer to each question out of the four alternatives.

Long ago men spent most of their time looking for food. They ate anything they could find. Some lived mostly on plants. They ate the fruit, stems, and leaves of some plants and the roots of others. When food was scarce, they ate the bark of trees. If they were lucky, they would find a bird’s nest with eggs. People who lived near the water ate fish or anything that washed ashore, even rotten whales. Some people also ate insects and small animals like lizards that were easy to kill.

Later, men learned to make weapons. With weapons, they could kill larger animals for meat. These early people had big appetites. If they killed an animal, they would drink the blood, eat the meat, and chew the bones. When they finished the meal, there was nothing left.

At first men wandered from place to place to find their food. But when they began to grow plants, they stayed in one place and ate what they could grow. They tamed animals, trained them to work, and killed them for meat. Life was a little better then, but there was still not much variety in their meals. Day after day people ate the same food.

Gradually men began to travel greater distances. The explorers who sailed unknown seas found new lands. And in these lands they found new food and spices and took them back home.

The Portuguese who sailed around the stormy Cape of Good Hope to reach China took back “Chinese apples”, the fruit we call oranges today. Later, Portuguese colonists carried orange seeds to Brazil. From Brazil oranges were brought to California, the first place to grow oranges in the United States. Peaches and melons also came from China. So did a new drink, tea.

The phrase live on in the passage means