English Quiz on Reading Comprehension

English Quiz on Reading Comprehension
Directions (Q.1-10): Read the passage carefully and answer the questions given below it. Certain words] phrases have been given in hold to help you locate them while answering some of the questions. 
India is likely to miss the exports target for the fourth year in succession, unless the Centre steps in and takes corrective measures, said the Federation of Indian Export Organisations (FIEO). 
Last year, India recorded exports of $3 10 billion against the target of $340 billion. The current year export target is set at $310 billion. From April to July 2015, the country exported goods worth $89.88 billion. The exports from southern states were $72.5 billion -Tamil Nadu alone accounted for $34.7 5 billion. In percentage terms, it was 23 per cent and 11.20 per cent, respectively. 
Southern Regional Chairman of FIEO, A Sakthivel said: “For the last three years, the exports have been hovering around $300 billion. For the current year too, exports performance has been weak due to poor global demand. Devaluation of Chinese yuan has also added to our woes. Going by the current trend, we might close the year with. exports of about $3 00 billion. However, we are requesting the Centre to step in and reverse the negative trend to achieve the target.
FIEO urged the Centre to help exporters by immediately reintroducing the interest subvention at 3 per cent; speeding up the refund of duty claims of about ₹4,500 crore on all-Judie basis and including more products and countries under the Merchandise Exports from India Scheme. 
Mr Salithivel also called for increasing the investment limit to MSME for procuring plant and machinery from the present ₹1 crore to ₹5 crore and allocating more funds for Marketing Assistance Scheme. 
"At present, the Union government allots ₹250 crore for promotional activities. But to achieve an export volume of $340 billion, the Centre should set aside at least ₹2,000 crore under the Marketing Assistance Scheme. The government should reduce paperwork and encourage investment in plant and machinery by giving some more facilities such as investment allowance, depreciation, etc.,” he said. 
He also called for Improving port facilities “None of the mother vessels are calling the Southern ports. Right now, our cargoes are sent to Colombo and Singapore ports. Unless we improve our facilities, we can’t expect good jump in export volumes,” he said. 
To turn “Make in India” a successful campaign, he suggested creation of a separate chapter in the Reserve Bank of India policy for exporters separately and provide interest at 7 per cent. Besides, he called for concluding Free Trade Agreement with Europe and Comprehensive Economic Partnership Agreements with Australia, New Zealand and Canada immediately. 

1. What has been suggested by Mr. Sakthivel to make ‘Make in India’ a successful campaign? 
(A) A separate chapter in the RBI policy for exporters should be created. 
(B) Old plant and machinery should be replaced with new ones. 
(C) A Free Trade Agreement with Europe and Comprehensive Economic Partnership Agreements with Canada, Australia and New Zealand should be concluded without any delay. 
1) only  (A) and (B)   2) Only (B) and (C) 
3)Only (A) and (C).  4)All (A), (B) and (C) 
5) Only (C) 

2. What did the Federation of Indian Export Organisations urge the Centre to do to achieve the export target? 
1) To speed up refund of duty claims on all-India basis 
2.) To include more products and countries under the merchandise Exports from India Scheme 
3) To introduce the interest subvention at 3 per cent
4) Only 1) and 2)  5) All 1), 2) and 3) 

3. Why has export performance been weak for the current year? 
1) t is because of poor monsoon. 
2)It is because of poor global demand and devaluation of Chinese Yuan. 
3) It is due to increased incidence of insurgency in border areas. 
4) It is because of poor quality of Indian products: 
5) None of these 

4. Find the correct statement(s) on the basis of the given passage. 
(A) Tamil Nadu has contributed 11.20 per cent to total export from April to July 2015. 
(B) According to the Federation of Indian Export Organisations, India is likely to achieve the export target this year after missing the target for the last four years in succession. 
(C) India missed the export target last year just by $30 billion.
1) Only (A) and (B)  2) Only (B) and (C) 
3) Only (A) and (C)   4) All (A), (B) and (C) 5)(C) 

5. What, according to the Southern Regional Chairman of FlEO, should the government do to improve export performance?
l) The government should increase the investment limit to MSME for procuring plant and machinery and allocate more funds for Marketing Assistance. 
2) At present the government should set aside at least ₹2000 crore under the Market Assitancc Scheme. 
3) The government should encourage investment in plant and machinery by giving some more facilities. 
4) The government should reduce paperwork. 
5) All the above 

Directions (Q. 6-8): 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.

6. Woes 
1) bliss 2) system 3)anxiety 4) field 5) happiness 

7. Procuring 
1) losing 2) giving away 3) preventing 4) destroying
5) obtaining 

8. Subvention
1)depletion 2)concession 3) modification 4)solution 5)up gradation 

Directions (Q. 9-10): Choose the word/group of words which is MOST OPPOSITE in meaning of the word] group of words printed in bold as used in the passage. 

9. Hovering 
1) drifting 2) resting 3) moving 4) flying 5) hanging

10. Depreciation 
1) deflation 2) reduction 3)appreciation  4) devaluation 5) slump 
1. 3
2. 5
3. 2
4. 5
5. 5
6. 3
7. 5
8. 2
9. 2



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Aspirants Notes Exam Prep: Banking, IAS, SSC, TNPSC, RRB, Entrance Exam: English Quiz on Reading Comprehension
English Quiz on Reading Comprehension
English Quiz on Reading Comprehension
Aspirants Notes Exam Prep: Banking, IAS, SSC, TNPSC, RRB, Entrance Exam
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