Daily Current Comprehensive Test Paper – X

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18 Jan, 2016

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Reading Comprehension

Worksheets on Current Topics for Banking English Test Papers.

Nirdeshak is developing tailor made comprehension section from the recent news articles published in leading newpapers across the world. It is important to recognizing letters and words in the passage, as it is the first step in learning to read. For students it is vital that students comprehend, or understand, what they are reading. They must be able to get the meaning of the text: What is the author telling the reader?

Passage :         FIIs

Foreign institutional investors (FIIs) might have largely shied away from the domestic equity market in 2015, but they actively increased stakes in almost 45 stocks in the S&P BSE500 index, and reduced in 77 others in the same period.
Going by latest shareholding data, midcap and smallcap stocks were high on FIIs’ buy list, while they sold stakes in top marquee names. Stocks where FIIs raised stakes in the past one year included Lupin, Bharti Infratel, BPCLBSE 0.32 %, JSW Energy, SCI, Welspun India, EIH and Prism Cements, among others.
Stocks where FIIs sold stakes consecutively in the last four quarters include TCS, HDFC Bank, NTPCBSE 0.00 %, Tata Motors, M&M, ITC, Tata SteelBSE -0.08 %, Punjab National Bank, Cairn India, Tata MotorsBSE 1.00 % DVR, Cipla and Tech Mahindra.
Although, FPIs still remain net buyers of Indian equities so far in 2015, their investments have dipped below $3 billion during the same period, compared with an average of about $20 billion that they had invested in each of the past three years.
Regional foreign funds had also started paring their overweight positions on Indian equities ahead of the US Federal Reserve’s decision to hike interest rates. Global emerging market (GEM) funds and Asia (excluding Japan) funds sold stocks worth nearly $800 million in the domestic market in November, according to data by EPFR, a Boston-based company that tracks global fund flows.
The data on global percentage allocation, which is released with a month’s lag, showed regional funds trimmed exposure to Indian equities by 1 per cent in October, while increasing their allocation to China and South Korea, the report said.

Most of the funds have been facing heavy redemption pressure, leading to a selloff in the emerging markets, including India. But India as a country still stands tall among the emerging markets, and will remain an attractive investment destination going forward.

“India will remain the fastest-growing country in the world in 2016 and probably over the next few years. Given that and the comparatively solid macroeconomic fundamentals and reasonable valuations with a strong expectation of improving company fundamentals, India should remain an attractive spot for FIIs,” said Vikas Gupta, Executive Vice President and Chief Investment Officer at ArthVeda Capital.

“FIIs should increase investments in India in 2016. The likelihood is that India will gain some funds, which will be rotating out of overweight China towards overweight India,” he said.
Q1. Domestic

a) Relating to abroad

b) Relating to home

c) Relating to dollars

d) Relating to rupees


Q2. Stakes

a) To possess

b) To acquire

c) To return

d) To discard


Q3. Marquee

a) disgraceful

b) good enough

c) headlining

d) rising


Q4. Emerging

a) falling

b) balancing

c) declining

d) rising




Q1. b)

Q2. a)

Q3. c)

Q4. d)


The Swedish newspaper was recently asked it to delete the reference made by President Pranab Mukherjee to the Bofors scam in an interview to it, as a claim protested by the Indian Government on 27 May 2015. India has expressed disappointment over the disrespect shown to the President, the newspaper has defended its right to publish what was said during the interview.

Know, who is Vijay Kelkar and what is PPP !

Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.

Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !

Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.

Know about Sepp Blatter!

Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.

Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.


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