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.

Which of the following words can replace the word given in bold in (B) without changing the meaning of the sentence? 

Read the passage carefully and answer the question accordingly. 

One should consciously engage in activities that will nourish your soul. Just as we nourish the body, we need to nurture the soul to connect to the creative power of the universe and to manifest joy in our lives. Often, we forget to address the soul, lost as we are in a jungle of material and sensual pleasures. But the more you embrace what feeds your soul, the happier you become. So if you want to enjoy the abundance of life, engage in what enriches your soul. Nurturing the soul is all about finding calm amidst chaos. There are a number of practices that empower people towards this end including silent contemplation, various forms of meditation, yoga and tai chi However, the rigor and discipline involved in the pursuit of such practices often seems to discourage people. Add to this, the temptations of the material world that leave little time and motivation for anyone to pursue the spiritual path. Poet Walt Whitman declared: “Whatever satisfies the soul is truth”. The good news is that simple, everyday activities can also nutrify the soul — like spending time in the midst of nature, dancing in the rain or just putting thoughts on paper. Do whatever is calming and pleases you. Creative pursuits are particularly appealing as inside each one of us, there is an artist craving for release and awaiting an opportunity for expression. One of the ways to indulge the artist within is to get started with the practice of any one or more of the creative art forms such as music, singing, dancing, acting, drawing, painting, sculpting, poetry, fiction or essay writing. 

When you engage in such soul nourishing activities, all thought and energy gets focused toward goal accomplishment. At this point, you will find that even unknown forces of the universe are conniving to assist you in your amateurish but sincere attempts. As you progress, you are motivated to do better. You touch and access a faculty, a part of you that you never knew existed. Your inner artist is unleashed, baring the beauty of your soul that has found a fond medium of expression. For instance, a sculptor’s soul is seen in his artwork; a musician’s in his compositions; an actor’s in his acting, a painter’s in his paintings and so on. It is immaterial whether your effort is an immaculate artwork or just a clumsy attempt by a layperson. The idea is to try, be inspired and to create giving free rein to the mind. As Michelangelo remarked: “I saw the angel in the marble and carved until I set him free”!

According to the passage, what makes us really happy?

Directions: Read the following passage carefully and answer the questions given below it. Certain words are given in bold to help you to locate them while answering some of the questions.
Recent advances in science and technology have made it possible for geneticists to find out abnormalities in the unborn foetus and take remedial action to rectify some defects which would otherwise prove to be fatal to the child. Though genetic engineering is still at its infancy, scientists can now predict with greater accuracy a genetic disorder. It is not yet an exact science since they are not in a position to predict when exactly a genetic disorder will set in. While they have not yet been able to change the genetic order of the gene in germs, they are optimistic and are holding out that in the near future they might be successful in achieving this feat. They have, however, acquired the ability in manipulating tissue cells. However, genetic misinformation can sometimes be damaging for it may adversely affect people psychologically. Genetic information may lead to a tendency to brand some people as inferiors. Genetic information can therefore be abused and its application in deciding the sex of the foetus and its subsequent abortion is now hotly debated on ethical lines. But on this issue geneticists cannot be squarely blamed though this charge has often been levelled at them. It is mainly a societal problem. At present genetic engineering is a costly process of detecting disorders but scientists hope to reduce the costs when technology becomes more advanced. This is why much progress in this area has been possible in scientifically advanced and rich countries like the USA, UK and Japan. It remains to be seen if in the future this science will lead to the development of a race of supermen or will be able to obliterate disease from this world.

Which of the following, according of genetics in becoming an exact science?
(A) Technicians will not be able to determine the time when genetic disorder will set in
(B) Technicians have not been able to manipulate germ cells.

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

We expect individuals (I) to take charge of their lives, to assume responsibility for their decisions. But when individuals group together, a problem arises. Groups can’t take charge of themselves, nor can every member simultaneously take charge of the entire group. Someone from the group is invariably asked to show the way, to become the primary agent, to lead. Yet, not everyone who occupies high office is a leader. A person who merely (II) or has management skills is not a leader. Moreover, not everyone who assumes the role of a leader is able to play it well. What qualities then make for a leader? Which (A)virtues are required to provide ethical leadership? I suppose there is little new (III). But let me still give it a shot in the hope that it serves as a good reminder. And in the election year, why not focus on qualities necessary for political leadership?

If a person is chosen to lead the group, it is her responsibility to take care of the interest of each person of the entire group. This often (B)____ putting collective interest before her own interest or that of her

preferred group. For this to happen, she must first be able to identify the common good, to have a grasp of what is acceptable to all, to have an inclusive vision. This requires an infinite capacity to listen to others, to learn from them, to have the intellectual ability to critically examine and evaluate what everyone wants and needs, and then put them all together. Since this intellectual formulation can only be the first step, an estimate of the real quality of a decision is not known until it is implemented; ______(C) _______.
 This requires him to keep his ear to the ground, listen patiently to criticism to judge if his policies are working. He must not be defensive when criticised, or evade uncomfortable questions, but face criticism head on and be able to sift the wheat from the chaff. It also necessitates that a leader show flexibility and an ability for course correction by admitting mistakes. He should know that one’s stature is not diminished by accepting fallibility. A leader must be a good communicator, and that is greatly helped if he has a way with words. But all the rhetorical flourish is of no avail if the speech lacks sincerity and conviction. Finally, a good leader knows that nothing can be achieved without the collective expertise and wisdom of a support team.
 It is equally tempting to pick those one has taken a fancy to, who are personally loyal. But such people often lack spine. (D)Fearful people with poor ability can never offer good advice to their leader and could allow bad decisions to prevail that push the country down a ruinous path. Besides, they are often among the first to backstab the leader once out of power. Thus, personal likes and dislikes too must be set aside.

Which of the following words can replace the word given in bold in (A) without changing the meaning of the sentence?

Read the passage carefully and give the answer of following questions.

The public sector banks are witnessing in India a period of transition and are at crossroads, where they without giving up social responsibility, should also remain healthy. They need to undertake risky experiments, yet perform it innovatively in a way it does not fail. They should make forays into new areas which are rarely tread by them and lose no emerging opportunities. It should be understood that absence of any bad advance is no sign of efficient banking system. It only indicates immense conservatism. However this is no guarantee for profit. There should be a balance between liquidity and risk. Past sins should be forgotten. Novel and pragmatic techniques should be adopted without which banks would be in danger.

How can the banks take risks without risking a failure?

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

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.

Teenage drinking in many countries like Denmark, Greece, Hungary, etc has been reported as

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-