Dear readers,

This quiz consists of actual questions from
various Banking entrance exams held during the last few years. Leave your
answers/ responses in the comments section below and soon we’ll 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/phrases are suggested, one of which fits the blank
appropriately.  Find out the appropriate
word/phrase in each case.

The barter system for getting goods and
services (1) back many centuries.  In
most cultures the barter system was used before money was (2).  People who had specific items or services
would (3) these with others for the things they needed.  Good negotiation was the (4) to making good
trades.  While the barter system (5)
based on basic needs, today the barter system continues to thrive.  The barter system transcends the monetary
system.  The barter system is making a (6)
today.  What makes the barter system even
better today than ever before is that it can now be done globally.  In the past bartering was simply done with
those that were located nearby.  Today
the barter system can be used in a much more (7) way than ever before yet it
carries with it the same basic motivation―the need for something that you don’t
have and the excess of something that someone else wants.  The barter system is enjoying (8) interest
today.  Bartering allows you to get the
things you need without having to (9) additional money.  Instead you can use the things you no longer
need or want to get the things you do need. 
There are swap markets and online auctions that (10) you to sell or
trade your items or to purchase items that you want.  Negotiation takes place just like it did
hundreds of years ago.

1.

(a) discovered

(b) dates

(c) began

(d) started

(e) initiated

2.

(a) bought

(b) imagined

(c) began

(d) emerged

(e) invented

3.

(a) buy

(b) sell

(c) exchange

(d) give

(e) return

4.

(a) important

(b) essential

(c) result

(d) key

(e) intention

5.

(a) originated

(b) stood

(c) generated

(d) created

(e) produced

6.

(a) issue

(b) comeback

(c) withdrawal

(d) recall

(e) fading

7.

(a) primitive

(b) appreciated

(c) promoted

(d) sophisticated

(e) better

8.

(a) diminishing

(b) revival

(c) perishing

(d) declining

(e) renewed

9.

(a) expend

(b) exchanging

(c) expand

(d) consume

(e) cost

10.

(a) insist

(b) force

(c) allow

(d) lure

(e) constraint

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Answers 

1(b)   
2(e)    3(c)    4(d)   
5(a)      6(b)    
7(d)      8(e)     9(a)     
10(c)