NABARD GRADE A and GRADE B 2021
PRACTICE SET 01 (ENGLISH)
In NABARD GRADE A and GRADE B preliminary Exam English subject have 40 marks weightage so it is necessary to practice more exam oriented questions here I have provided a paragraph for practice which will help you in actual exam
Directions (1-7): Read the following passage and answer the following questions. Some words are highlighted to help you answer some of the questions.
United Nation's Department of Economic and Social Affairs has estimated India with the largest diaspora population in the world with over 15.6 million in numbers. As per the Ministry of External Affairs report there are approximately 31.2 million Indian diasporas residing outside India. Bank of Baroda has viewed the Indian Diaspora as an important business segment hand has been consistently exploring opportunity to engage with them meaningfully. To build bridges for Indian Diaspora, Bank of Baroda, opened the first branch at Makadara Road, Mombasa in Kenya and another at Kampala in Uganda.
It is clear that the practical business considerations of Bank of Baroda justified the choice of the area for the first phase of international operation. The operations in Africa were important to reinforce the traditional business ties that enterprising Gujaratis had forged in east coast colonies of British. This has remained the guiding principle of the Bank in conducting its foreign business, particularly in the less developed nations in Africa. The bank took special efforts to identify with the national goals and aspirations of the African countries, where they set up their operations.Bank of Baroda identified the opportunities in local communities and Indian Diaspora to ____________________ (1) for itself in countries of Africa. They offered more personalised services than the competitors, mostly then the European Banks.
The savings bank scheme that all of us are so familiar today was introduced by Bank of Baroda to help the large numb of India Africa and the habits naturally spread across the Africans. Majority of them were teachers, clerks and junior ranked officers who had modest but steady incomes. It was indeed an attractive facility that is popular even today in its branches in Africa.
It was just the beginning. But very soon, it was recognised and accepted amongst the Indian and global banking and financial institution as the "India's International Bank". The bank continues to play the challenging role and it has demonstrated brilliant performance in African countries enjoying the benefit of the first mover.
By that time world started to fast rediscover the unharnessed potential of Africa and had begun to commit financial resources towards the socio-economic development of the continent. The Bank was strongly present in different parts of Africa supporting the economic development of the different countries.Bank of Baroda's banking journey in Africa has been one of vision, enterprise, financial prudence and corporate governance. It is also a story of this bank's consolidation and rationalisation process, to further strengthen its overseas operations, as per the strategic need, but keeping the customer interest paramount. Since most of its overseas branches are strategically situated at places where sizeable Non-resident Indians are residing, the Bank is in a position to deliver its products promptly and efficiently to its NRI customers. The range of products include remittance facilities and acceptance of deposits in Indian Rupees (NRE/NRO) as well as in designated foreign currencies (FCNR). Resident as well as returning Indians can avail of benefits like Resident Foreign Currency Accounts (RFC).
1. Why did bank of baroda felt necessary to open the branches in foreign countries ?
A. Government forced the bank to so.
B. To strengthen business ties with African countries
C. To build a good rapport with NRI
a) Only a
b) Only b
c) Only c
d) Both B and C
e) All A,B,C
2.Which is the following can fill the blank (1) as given in the passage, to make the sentence grammatically and contextually correct?
a) Headwind
b) Paint into corner
c) Carve out a niche
d) Be four square
e) None of the above
3.What was the top priority of BOB in africa other than staying in business ?
a) Give competition to other banks
b) Profit making
c) Wants to take revenge with Indian government
d) Increase Customer base
e) Satisfy the customer‘s interest.
4.Which of the following words is most similar in meaning as DIASPORA, highlighted in the given passage?
a) Courtesy
b) Vestigial
c) Repatriation
d) Exodus
e) Immigrate
5.Which of the following words is most opposite in meaning with rediscover, highlighted in the given passage?
a) Arcane
b) Broadcast
c) Speck
d) Euchre
e) Qualms
6.What is the tone of the passage ?
a) Suggestion
b) Sardonic
c) Descriptive
d) Apologetic
e) Nostalgic
7. Why BOB is successful in providing efficient services to NRI ?
a) It is compulsory in Africa to have BOB savings
account
b) Because NRI love Indian services
c) Because they offer interest rate of 7.7% regardless of age.
d) They get advantages in exchange earners foreign currency
e) Because of strategical location and they can avail services like resident foreign currency accounts
Check your answer 👇👇
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