07 Mar, 2016
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Worksheets on Current Topics for Banking English Test Papers – Direct Transfer of Kerosene Subsidy
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?
Top 5 Daily Current Comprehensive Test Paper February – 1
Passage – Direct Transfer of Kerosene Subsidy
The government last night said it will roll out Direct Benefit Transfer (DBT) for kerosene from April 1 where the users will buy the cooking fuel at market rate but will get financial support directly in their bank accounts.
“Congratulations to Petroleum Ministry for announcing DBT in kerosene. Subsidy should be targeted and reach those who actually deserve,” Economic Affairs Secretary Shaktikanta Das said in a tweet.
DBT in kerosene will help curtail subsidy outgo for the cooking fuel which in 2014-15 was about Rs 24,799 crore.
“DBT in kerosene: Reforms continue,” Das tweeted.
The cash subsidy to be paid to users will be equivalent to the difference between current PDS price of about Rs 12 and market rate of Rs 43 per litre.
The scheme will be rolled out from April 1 in Raipur, Durg and Bilaspur in Chhattisgarh; Panipat and Panchkula in Haryana; Shimla, Solan and Una in Himachal Pradesh, and Chhatra, Giridih, East Singbhum, Hazaribagh, Jamtara and Khunti in Jharkhand.
Besides, the scheme will be implemented in Hoshangabad, Harda, Khandwa and Burhanpur in Madhya Pradesh; Amaravati and Latur in Maharashtra; Taran Taran, Pathankot and Mohali in Punjab and Pali, Jhunjhunu and Kota in Rajasthan.
Currently, the government transfers subsidy to LPG users as well as to beneficiaries of scholarship and pension schemes directly to their bank accounts.
b) A grant
Q2. Roll out
a) Combustible matter
c) Inflammable matter
Worksheets on Current Topics for Banking English Test Papers – Car companies post double digit growth
Top 5 Daily Current Comprehensive Test Paper February – 2
Passage – Car Companies Post Double Digit Growth
India’s passenger vehicle industry ended on a high in 2015, with a double digit rise in December sales helping the sector with deep economic linkages post its best annual showing in four years and strapping it with confidence to face the year ahead.
Data released by manufacturers on Friday showed that 11 of the country’s top makers of passenger vehicles together sold nearly 2,32,000 units last month – a 11% growth on year-earlier levels as the industry benefitted from the demand for new models and year-end discounts.
For the year as a whole, the rise in sales was 8.7% to 2.75 million units, making it the fastest growth seen in the passenger vehicle segment in four years.
Besides being a large direct employer, the automobile sector has crucial interlinkages with a raft of industries sectors and its performance is a crucial barometer of economic confidence.
It accounts for 6.5-7% of the GDP and 48% of the manufacturing GDP. Every single job created in this sector leads to at least four more in other sectors.
While the sector posted good headline growth overall, it wasn’t even and was largely attributed to strong showing by two of its biggest players –market leader Maruti SuzukiBSE 0.43 % and the Indian unit of South Korea’s Hyundai.
Renault too managed to more than double volumes to around 10,200 units largely on the back of the success of its small car Kwid. But for the rest of the auto pack, the month had little reason for cheer.
Sales slid for Tata MotorsBSE 2.66 % (by 33%), Honda Cars India (by about 14%), Toyota Kirloskar (a drop of about 11%), General Motors (a dip of 19%) and Nissan (by about 3%). Maruti Suzuki, which posted record sales of 1.4 million units (domestic and exports) in 2015, saw wholesale volumes in the domestic market rise 13.5% to 111,333 units last month.
Sales for the company increased across categories barring the mid-size sedan segment. Sales of Ciaz premium sedan fell 24% yearon-year to 2,841 units. Hyundai India ended the year with all-time high sales of 476,000 units.
Q8. Accounts for
a) State of
b) Liable to
c) To form proportion of
d) To explain
Worksheets on Current Topics for Banking English Test Papers – Sharks
Top 5 Daily Current Comprehensive Test Paper February – 3
Passage – Sharks
There are more than 465 known species of sharks living in our oceans today. Sharks are an apex predator at or near the top of their marine food chains, and they regulate the populations of species below them. Research has shown that massive depletion of sharks has cascading effects throughout the ocean’s ecosystems.
Sharks belong to a family of fish that have skeletons made of cartilage, a tissue more flexible and lighter than bone. They breathe through a series of five to seven gill slits located on either side of their bodies. All sharks have multiple rows of teeth, and while they lose teeth on a regular basis, new teeth continue to grow in and replace those they lose.
Shark ‘skin’ is made up of a series of scales that act as an outer skeleton for easy movement and for saving energy in the water. The upper side of a shark is generally dark to blend in with the water from above and their undersides are white or lighter colored to blend in with the lighter surface of the sea from below. This helps to camouflage them from predators and prey.
Most species of shark eat things like fish, crustaceans, mollusks, plankton, krill, marine mammals and other sharks. Sharks also have a very acute sense of smell that allows them to detect blood in the water from miles away.
It is difficult to estimate population numbers since there are many different species spanning a large geographic area. However, overall shark numbers are on the decline due to the many threats they face in the wild.
Sharks have adapted to living in a wide range of aquatic habitats at various temperatures. While some species inhabit shallow, coastal regions, others live in deep waters, on the ocean floor and in the open ocean. Some species, like the bull shark, are even known to swim in salt, fresh and brackish waters.
Most sharks are especially active in the evening and night when they hunt. Some sharks migrate over great distances to feed and breed. This can take them over entire ocean basins. While some shark species are solitary, others display social behavior at various levels. Hammerhead sharks, for instance, school during mating season around seamounts and islands.
Some shark species, like the great white shark, attack and surprise their prey, usually seals and sea lions, from below. Species that dwell on the ocean floor have developed the ability to bottom-feed. Others attack schooling fish in a feeding frenzy, while large sharks like the whale and basking sharks filter feed by swimming through the ocean with their mouths open wide, filtering large quantities of plankton and krill.
a) Animal that lives on vegetarian food
b) Animal that lives by capturing and eating other animals
c) Animal that attacks
d) Animal that is biggest in the ocean
b) To increase
c) To decrease
d) To stagnate
a) Inevitable chain of events
b) Persevering activities
c) Action and reaction
a) Small cut
b) Open along a line
c) Small incision
d) Mesh like holes
Worksheets on Current Topics for Banking English Test Papers – Elephants
Top 5 Daily Current Comprehensive Test Paper February – 4
Passage – Elephants
Habitat loss is one of the key threats facing elephants. Many climate change projections indicate that key portions of elephants’ habitat will become significantly hotter and drier, resulting in poorer foraging conditions and threatening calf survival. Increasing conflict with human populations taking over more and more elephant habitat and poaching for ivory are additional threats that are placing the elephant’s future at risk.
Defenders of Wildlife is working through the Convention on International Trade in Endangered Species (CITES) to maintain a ban on the sale of ivory as well as on regulations that govern worldwide elephant protection.
Of the two species, African elephants are divided into two subspecies (savannah and forest), while the Asian elephant is divided into four subspecies (Sri Lankan, Indian, Sumatran and Borneo). Asian elephants have been very important to Asian culture for thousands of years – they have been domesticated and are used for religious festivals, transportation and to move heavy objects.
Staples: Grasses, leaves, bamboo, bark, roots. Elephants are also known to eat crops like banana and sugarcane which are grown by farmers. Adult elephants eat 300-400 lbs of food per day.
At the turn of the 20th century, there were a few million African elephants and about 100,000 Asian elephants. Today, there are an estimated 450,000 – 700,000 African elephants and between 35,000 – 40,000 wild Asian elephants.
African savannah elephants are found in savannah zones in 37 countries south of the Sahara Desert. African forest elephants inhabit the dense rainforests of west and central Africa. The Asian elephant is found in India, Sri Lanka, China and much of Southeast Asia.
Elephants form deep family bonds and live in tight matriarchal family groups of related females called a herd. The herd is led by the oldest and often largest female in the herd, called a matriarch. Herds consist of 8-100 individuals depending on terrain and family size. When a calf is born, it is raised and protected by the whole matriarchal herd. Males leave the family unit between the ages of 12-15 and may lead solitary lives or live temporarily with other males.
Elephants are extremely intelligent animals and have memories that span many years. It is this memory that serves matriarchs well during dry seasons when they need to guide their herds, sometimes for tens of miles, to watering holes that they remember from the past. They also display signs of grief, joy, anger and play.
a) Natural environment of an organism
b) Unnatural environment of an organism
c) Environment for large animals
d) Environment for vegetative life
a). Aging animals
b). Food gathering
a). Male is the dominant member
b). Female is the dominant member
c). Both male and female are equal
Worksheets on Current Topics for Banking English Test Papers – Bullish
Top 5 Daily Current Comprehensive Test Paper February – 5
Passage – Bullish – 2016
The domestic stock market opened the week on a positive note and remained upbeat even though most global investors stayed away due to the New Year holidays. Foreign institutional investors (FIIs) have started buying, clocking net inflows over the past two weeks after many weeks of strong outflows.
Domestic institutional investors (DIIs) have remained aggressive buyers throughout calendar 2015, having invested a record $10.9 billion during the year compared with $3.8 billion investment in calendar 2014. FIIs have invested only $2.9 billion in 2015 against a whopping $16 billion in 2014. Companies raised Rs 13,866 crore through IPOs in 2015 against just Rs 1,468 crore in the year 2014.
Asset under management (AUM) of domestic mutual funds (MFs) crossed $63.82 billion in 2015 compared with $51.6 billion in 2014. The rupee was the most resilient currency among the emerging markets pack, which yielded 2.57 per cent in dollar terms post interest, however, other emerging market peers like Brazilian real and South African rand have given 20 per cent negative returns. Structurally, the India story is still intact, but the market has delivered muted returns because of outflow of global liquidity. The resilience of the rupee will hopefully bring back foreign liquidity in droves, driving stock prices to higher orbits as India has the most reliable, stable and diversified economic expansion in the making.
Events of the week gone by:
Essar Oil finally completed the delisting process by accepting minority shareholders bids at Rs 262.80, which carried an 80 per cent premium on the floor price. The Jaypee group finally put its entire cement portfolio on the block for an estimated enterprise value of Rs 19,000 crore in its quest to reduce debt. The government has simplified environment clearance norms for the real estate sector, giving it the much-needed reprieve from red tapism and increasing the ease of doing business.
a) Increase in share price
c) Smooth raise
Answers – 1 Direct Transfer of Kerosene Subsidy
1. b), 2. c), 3. a), 4. b)
Answers 2 Car companies post double digit growth
5. c), 6. c), 7. a). 8. c)
Answers – 3 Sharks
9. b), 10. c), 11. a), 12. b)
Answers 4 – Elephant
13. a), 14. b), 15. c), 16. b)
Answers – 5 Bullish
17. c), 18. d), 19. a), 20. b)
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