New Pattern English Cloze Test Quiz for SBI PO 2020 | New Pattern English Questions PDF for SBI PO 2020

Directions: In the following passage ten blanks are left out labeled with letters A, B, C and so on. You have to choose a set of words that is correct grammatically and contextually in order to fill the blank.

The Union Cabinet has approved a series of changes in foreign direct investment norms as the government prepares to enter the last lap of its economic policy-setting phase ahead of the 2019 election. Key among these was the decision to __ A __ up to 49% overseas ownership, including by a foreign airline, in Air India. This comes just a little more than six months after the Cabinet Committee on Economic Affairs gave its nod for a strategic __ B __ of the airline. The relaxation in ownership norms clears the decks for possible bidders such as the Singapore Airlines-Tata combine and Jet Airways — with its overseas equity and route partners — to make a more detailed commercial __ C __ of the investment opportunity the state-owned flag carrier presents. For the fiscally constrained government, the __ D __ couldn’t have come sooner. With the Union Budget due soon and the government __ E __ short of its budgeted strategic disinvestment goal for the current financial year — as of end-November, only 28% of the targeted ?15,000 crore had been realised — the hope must be for an __ F __ timetable for the stake sale. Still, the fulfillment of a necessary condition for a strategic sale doesn’t automatically become sufficient grounds for a successful privatisation. Given the carrier’s accumulated debt of about ?50,000 crore and the fact that the interest of potential investors is likely to be focused on Air India’s __ G __ long-haul international routes and its fleet of more than 40 wide-bodied aircraft, disinvestment will be neither easy nor guaranteed. At the very least, the government needs to set a distinct, __ H __ road map for the sale process.

The other reform cleared by the Cabinet was the __ I__ decision to put 100% FDI in Single Brand Retail Trading under the ‘automatic’ route, accompanied by the long-sought relaxation of mandatory local sourcing norms. This had been a major issue with potential investors including Apple, which had repeatedly urged the government to take a more __ J __ view given the level of technological advancement incorporated in its products and the difficulty in finding local sources of supply at the requisite scale. 
» Explain it
B
The passage here talks about the government's decision of allowing upto 49% private ownership in centrally owned airlines Air India. Earlier the centre was having 100% ownership but now it has permitted private airlines to co-own upto 49% ownership in Air India.

Rest of the options except option B do not fit into the context.

Both the words in option B are denoting such authority or permit.

Hence option B is correct.
» Explain it
C
To give away one's ownership is called disinvestment, which is being talked about here. Thus only option C depicts the words that render the similar meaning.

Seizure is to capture something forcefully, which is incontextual.

Destitution means extreme poverty which is illogical.

Option B is also absurd here.

Hence option C is correct.
» Explain it
A
Any investment is done basis some evaluation or estimation of pros and cons related to that specific deal. Thus the correct set of word representing such estimation is option A- evaluation and assessment.

Opinion is just a point of view, which is absurd here.

Similarly validity used in option C is also illogical.

Hence option A is correct.
» Explain it
C
As per the passage, in the given poor economic condition, the decision of disinvestment has come at right time. Earlier economy was not in condition to absorb the change.

Option C that contains words - decision and conclusion is perfectly fitting the blank, where these words refer to decision of disinvestment.

Hence option C is correct.
» Explain it
A
Here the phrase 'short of' describes shortage or deficiency, thus a negative word should come before it.

Option B is grammatically incorrect, as the blank requires an adverb to qualify the shortage.

In option C, the first word fair is grammatically incorrect being an adjective.

Option D renders a positive meaning (little shortage), thus incorrect here.

Both the words of option A renders negative sense and goes well with the given phrase.

Woefully means very badly and extremely also depicts an extreme degree.

Hence option A is correct.

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