Directions: Read the following passage and answer the questions as directed.

Start-ups troubled by the so-called angel tax may soon receive some (A)______from the government. On Monday, the Centre set up a five-member working committee to look into revising the (B)norms of the angel tax imposed on start-ups. The tax, which was first introduced in 2012 to curb money-laundering through the (i) at bloated prices, has caused a lot of anguish among start-up investors in the country. Start-up owners have complained that income tax officials have asked many start-ups to cough up money when they try to attract capital into their entities by issuing new shares. For its part, the IT department fears that start-ups may be used as convenient tools to launder illegally acquired money, so a tax on investments beyond a certain threshold is (ii). (C) But while the (1) unintended of such an angel tax may be (2) benefits, the arbitrary nature of it means the cost of (3) intent consequences could be larger than the supposed (4) justifiable. In trying to curb money-laundering, Section 56(2)(viib) of the Indian Income Tax Act, 1961 gives income tax officials a free hand to harass even genuine start-ups looking to raise investments for their growth. Under the Act, the IT department is free to arbitrarily decide the fair value of a company’s share and tax start-ups if the price at which their new shares are sold to investors is higher than the fair value of these shares. The broad-brush tax on all investments means an unnecessary cost is (iii)community simply because of the lack of better means at the government’s disposal to tackle black money.

The committee set up by the government will, among other things, consider raising the threshold beyond which new investments into start-ups will be taxed. It is expected that start-ups with aggregate paid-up share capital and share premium of less than ₹25 crore, against the previous threshold of only ₹10 crore, will not be taxed while attracting new investment. This would definitely make life easier to a certain extent for angel investors and start-ups. But it will not address the real problem with the angel tax, which has to do with the unbridled power that it vests in the hands of the income tax authorities. Investors, foreign or domestic, may become wary of investing in new ideas when they are taxed while risking money on untested ventures. So the government should look to withdraw the angel tax and focus instead on building the capability to better identify and rein in illegal wealth. Otherwise it risks killing the nascent start-up ecosystem in the country.

In the question below three phrases are given which must be filled in the positions given in i, ii and iii in the passage. From the options given below, choose the correct order of phrases that should be filled in the positions given.
A. necessary to deter such shady operations
B. sale of shares of private unlisted companies
C. imposed on the wider start-up

Direction : In the following passage, there are blanks, each preceded by a word given in bold. Every blank has four alternative words given in options (A), (B), (C) and (D). Find the word which best suits the place. If the given word suits the blank, mark 'no correction/change required' as the answer.

At the end of his rousing speech to the U.S. Congress, Prime Minister Narendra Modi quoted Walt Whitman to indicate that there was a “new symphony in play” between India and the U.S. The past two years bear out such lyricism in the bilateral relationship. Defence ties have been dissuaded (A) in three ways: in defence burking (B) procurement from the U.S. as well as co-development projects, which are worth over $14 billion; in coordination, cooperation and sharing of information between the two defence forces; and increasingly, on the idea of working together on operations on piracy and peacekeeping. However, it is the strategic relationship, with India’s positioning on non-alignment, that is the most dramatic score in the dissension (C). Although the Centre has drawn the line at an estrangement (D) and “joint patrols”, it is clear from the joint vision statement signed in New Delhi last year that the Modi government intends to move closer to the U.S. on defence issues. In recognition, during Mr. Modi’s visit the U.S. declared India a “major defence partner”, a designation specially created to describe this new relationship and one that is just short of a military alliance. In 2005, Manmohan Singh told the U.S. Congress of how “India’s growth and prosperity are in American interest”, and the heavy lifting has yielded annual bilateral trade of $107 billion now. On Wednesday, Mr. Modi took the theme forward by saying, “A stronger and bereft (E) India is in America’s strategic interest.”

Find the appropriate word in each case. (D)

Select the correct indirect form of the given sentence.

Nandini said, “I bought a pen yesterday.”

Select the most appropriate meaning of the underlined idiom in the given sentence.

Information technology has developed by leaps and bounds.

Instructions: Some sentences related to a topic are given in each question. Find the sentence which is out of context of the main theme of the paragraph and rearrange the remaining sentences to make a coherent paragraph. If the given sentence is correct as it is then choose option E. If the sequence is the one which is not given then choose option D as your choice. 

(A) Secured the book as a landmark in the study and representation of demons. (B)/ A monumental compendium of all things diabolical, was first published in 1818 to much success, (C)/ At its heart lies an unlikely but pertinent synthesis of the Enlightenment and the occult (D)/ It is the fabulously illustrated final edition of 1863 which (E)/ Although Jacques Collin de Plancy’s Dictionnaire infernal,

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.

Rama was a naughty boy __(1)___lived in the village of Tenali. His mother did not __(2) ___ what to do with him since he ___(3)___ to study or do any work. One day __(4)__ took him to see a Guru. She told the __(5)___ man that she wanted him to take Rama Under his guardianship.

Select the most appropriate option to fill in the blank No.5

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.

All the following words mean ‘notion’ except -

In the following passage some of the word have been left out. Read the passage carefully and choose the correct answer to each question out of the four alternatives and fill in the blanks.
The Red Indian __(187_ for the arrival of the bison. The beasts, which  come only once a year, are a good source of meat and hide. The Red Indians__(188)__ to survive the cold, bitter winter.
Tikki, the young boy, __(189)__ to look out for the herd’s arrival. Everyday, he _(190)_top of the hill to see if he could spot them on the vast horizon.
One night, while he__(191)__, the ground shook __(192)_ and his bag of arrows fell off from its book on the wall. Tikki __(193)___ of his wigwam and felt a strong gust of wind and dust gush past him. Shouting excitedly, he ran to the other wigwams and woke everyone up. A big fire _(194)_ built and the Red Indians danced around it, giving praises to their God who had, at last, __(195)__ their food and clothing of animal hide. The next morning, all to hunt down the beasts to the warriors _(196)_ to hunt down the beasts which were grazing near the river.

Mark your answer at Question (195).