Dear readers,

This quiz consists of questions from various Banking
entrance exams held during the last few years. Leave your answers/ responses in
the comments section below and we’ll soon let you know the correct answers!

Directions (Q. 1-10):  In the following passage there are blanks,
each of which has been numbered. These numbers are printed below the passage
and against each five words are suggested, one of which fits the blank
appropriately. Find out the appropriate word in each case.

The (1) of India as an economic superpower is
not reflected in the (2) of life enjoyed by its 1.2 billion citizens
according to the Human Development Index, which (3) India very low among
182

countries. In our performance oriented world, measurement
issues have taken on (4) importance as what we measure affects what we
do. In fact, the French President has established an international commission
on the Measurement of Economic Performance and Social Progress owing to his (5)
and that of others with the current state of statistical information about the
economy and society.

      The big
question is (6) Gross Domestic Product (GDP) provides a good measure of
living standards. In many cases GDP statistics seem to (7) that the economy
is doing far better than what most citizens think. Moreover,
the focus on GDP creates conflicts – while political leaders are told to
maximize it, citizens also demand that (8) be paid to enhancing
security, reducing air, water and noise pollution, all of which actually (9)
GDP growth. Statistics are (10) to summarise what is going on in our
complex society; it is therefore obvious that we can’t reduce everything to a
single number – GDP.

1.  (1)
tribute       (2) pursuit         (3) perception   (4)
conversion         (5) title

2.  (1)
loss               (2) quality         (3) spirit           (4) span              (5) joy

3.  (1)
counted       (2) scored         (3) qualified      (4) regard          (5) ranked

4.  (1)
negligible      (2) great         (3) unduly          (4) trivial         (5) considerably

5.  (1)
obedience      (2) confidence   (3) belief      (4) dissatisfaction                      (5) compliance

6.  (1)
that            (2) unless         (3) because    (4) against         (5) whether

7.  (1)
suggest         (2) recommend    (3) think        (4) point          (5) refer

8.  (1)
compensation     (2) respect        (3) debt       (4) attention      (5) expense

9.  (1)
recover               (2) lower         (3) attain     (4) decline         (5) shrunk

10.  (1)
inferred         (2) difficult       (3) interpret     (4) reveal          (5) intended

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Answers 

1(3)   
2(2)    3(5)    4(2)   
5(4)      6(5)     7(1)     
8(4)     9(2)      10(5)