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 (E)?

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.

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. one can say on this matter
B. to be their own leaders
C. coordinates the actions of others

Comprehension: In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
 Ants, like most insects, have (1) ______ are known as compound eyes. This means their eyes have multiple lenses, (2) ______ in general, most species of ant do not have particularly great eyes for seeing (3) ______ far. Ants can detect movement and see the areas around them, but (4) ______ more on senses and information they get from their legs and antennae (5) ______ from their eyes.

Select the most appropriate option to fill in blank number 5.

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

The effects of the worst economic downturn since the Great Depression are forcing changes on state governments and the U.S. economy that could linger for decades. By one Federal Reserve estimate, the country lost almost an entire year's worth of economic activity – nearly $14 trillion – during the recession from 2007 to 2009. The deep and persistent losses of the recession forced states to make broad cuts in spending and public workforces. For businesses, the recession led to changes in expansion plans and worker compensation. And for individual Americans, it has meant a future postponed, as fewer buy houses and start families. Five years after the financial crash, the country is still struggling to recover." In the aftermath of [previous] recessions there were strong recoveries. That is not true this time around," said Gary Burtless, a senior fellow at the Brookings Institution. "This is more like the pace getting out of the Great Depression." For years, housing served as the backbone of economic growth and as an investment opportunity that propelled generations of Americans into the middle class.

But the financial crisis burst the housing bubble and devastated the real estate market, leaving millions facing foreclosure, millions more underwater, and generally stripping Americans of years' worth of accumulated wealth. Anthony B. Sanders, a professor of real estate finance at George Mason University, said even the nascent housing recovery can't escape the effects of the recession. Home values may have rebounded, he said, but the factors driving that recovery are very different than those that drove the growth in the market in the 1990s and 2000s. Sanders said more than half of recent home purchases have been made in cash, which signals investors and hedge funds are taking advantage of cheap properties. That could freeze out average buyers and also mean little real economic growth underpins those sales. Those effects are clear in homeownership rates, which continue to decline. In the second quarter of this year, the U.S. homeownership rate was 65.1%, according to Census Bureau data, the lowest since 1995. In the mid-2000s, it topped 69%, capping a steady pace of growth that began after the early 1990s recession. Reversing that will be a challenge, in part because credit has tightened and lending rules have been toughened in an effort to avoid the mistakes that inflated the housing bubble in the first place.

"Credit expanded, and now contracted, and it's going to be tight like this as far as the eye can see," Sanders said. "We so destroyed so many households when the bubble burst, there's just not the groundswell to fill the demand again." Some are skeptical that the tight credit market and new efforts to regulate the financial markets, like the Dodd-Frank law, will prove lasting. Americans have often responded with calls for regulation after financial sector-driven crises and accusations of mismanagement, according to Brookings' Burtless. "But eventually, those fires cool down," he said. "It's not as though this memory of what can go wrong sticks with us very long." That can be seen in the intense efforts to water down Dodd-Frank's regulations, Burtless said. Federal regulators have already made moves to relax requirements for some potential homeowners who were victims of the recent housing crisis. Even those steps and an unlikely return to easy credit might not fuel a full housing recovery without economic growth to back it up. As Sanders, referring to the growth in low-wage and part-time employment, put it: "At those wages, it's tough to scramble together down payments and mortgages’’.

 "Turmoil in the housing market has already reshaped the makeup of households nationwide. Homeownership rates among people with children under 18 fell sharply during the recession, declining 15% between 2005 and 2011, according to Census Bureau data. In some states it was far worse. For Michigan, the decline in homeownership was 23%, and in Arizona and California it was 22%. Lackluster job growth has outlived the downturn. A study by the Economic Policy Institute showed wages for all workers, when adjusted for inflation, grew just 1.5% between 2000 and 2007. But the last five years wiped out even those modest gains—the study found wages declined for the bottom 70% of all workers since the recession began. However, some areas have seen manufacturing jobs climb back from recessionary lows, and the energy sector has been a boon for some Midwestern states. One hopeful sign for workers is the shift away from manufacturing growth in the typically low-wage South back toward the Rust Belt states, reversing a movement that was taking hold before the downturn. That trend is documented in a 2012 report from the Brookings Institution, "Locating American Manufacturing: Trends in the Geography of Production.’’

"From 2000 to 2010, both the Midwest and South lost manufacturing jobs at about the national rate of 34%. But the Midwest has seen nearly half of all manufacturing jobs gained since 2010, almost double the increase in the South. For Michigan, the growth was 19%; in Indiana, 12%. Even with that growth, there are caveats. Autoworker unions have ceded ground with companies on wages and benefits, for example, allowing new hires to work for lower pay and fewer benefits than those who've held their jobs longer. Unemployment remains stubbornly high in some states, and the jobs created have leaned heavily toward part-time and low-pay work. A study from the San Francisco Federal Reserve found the proportion of U.S. jobs that are part-time is high, as many of the jobs lost during the recession have not returned.

Which of the following is the most suitable title for the passage?

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

The problem of water pollution by pesticides can be understood only in context, as part of the whole to which it belongs – the pollution of the total environment of mankind. The pollution entering our waterways comes from many sources, radioactive wastes from reactors, laboratories and hospitals; fallout from nuclear explosions; domestic wastes from cities and towns; chemical wastes from factories. To these is a added a new kid of fallout - the chemical sprays applied to crop lands and gardens, forests and fields. Many of the chemical agents in this alarming melange initiate and augment the harmful effects of radiation, and within the groups of chemicals themselves there are sinister and little - understood interactions, transformations and summations of effect.

Ever since the chemists began to manufacture substances that nature never invented, the problem of water purification have become complex and the danger to users of water has increased. As we have seen, the production of these synthetic chemicals in large volume began in the 1940’s. It has now reached such proportion that an appalling deluge of chemical pollution is daily poured into the nation’s waterways. When inextricably mixed with domestic and other wastes discharged into the same water, these chemicals sometimes defy detection by the methods in ordinary use by purification plants. Most of them are so complex that they cannot be identified. In rivers, a really incredible variety of pollutants combine to produce deposits that sanitary engineers can only despairingly refer to as “gunk”.

The words  ‘gunk’ in the last line refers:

Directions: You have two brief passages with questions following each passage. Read the passages carefully and choose the best answer to each question out of the four alternatives 

Ram had never thought much about the origin of wealth or inequalities in life. It was his firm belief that if this world was not good, the next would be good, and this faith sustained him. He was not like some others whom he knew, who would sell their souls to the devil. He always thought of God before doing anything. He lived the life of an honest man. He had not married but did not desire another man’s wife. He believed that women weakened men as was described in the story of Samson and Delilah. 

From the above passage we understand that Ram was 

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.

Which step does the author suggest in order to immediately bring the waste recyclers back from the adversity?

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 should fill in the blank in (B) to make a contextually correct and meaningful sentence?