Comprehension passages and grammar - Online Test

CLAT LAW Entrance exams English including comprehension Comprehension passages and grammar TEST : 4

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Q1.

Direction: Read the passage carefully and answer the questions that follow.

State Bank of India (or SBI) is India’s largest public sector bank, and a Fortune 500 company. It has now branched into various financial services, and is a government-owned corporation headquartered out of Mumbai. As of 2014-15, SBI had assets worth Rs. 20,480 billion and was ranked 232rd on the Fortune Global 500 list of the world’s biggest corporations as of 2016.SBI traces its roots back to 1806, making it the oldest commercial bank in the Indian subcontinent. The State Bank of India as it is today has been in existence since 1956. As on date, it has a market share of over a whopping 20 percent in deposits and loans among Indian commercial banks.SBI offers a range of banking products and services through its extensive branch network, which includes products targeted at resident Indians as well as non-resident Indians (or NRIs).In addition to its five associate banks, the SBI also operates in the non-banking sphere which includes credit cards, life and general insurance, funds management and capital markets among others.

What sets them apart from competition is the sheer reach that SBI offers, reaching out to potential home owners in semi-urban and rural areas in addition to metropolitan cities. Further, in keeping with the rapid technological development in the banking and financial services (BFSI) sector, the SBI has expanded its reach by offering services at the click of a button.SBI has a wide reach that is not spread only domestically but as well as in the overseas market. There are 14 regional hubs and over 57 zonal offices located in India. The number of bank branches has crossed 18,354 in India itself, and as of 2014-15, the Bank had 191 offices spread across 36 countries worldwide. It also operates several foreign subsidies or affiliates.When it comes to home loans, SBI offers various products, and all of these product offerings can be categorised as under:Home loans, which include options for new homes, resale (or pre-owned) homes, as well as construction of a house. It provides Loan for Earnest Money Deposit, which is to help individuals finance their requirements towards earnest money to book residential plots/ built-up housing uses, properties being sold by government housing agencies an urban development authorities and housing boards. Further, this loan can be repaid through the proceeds of the housing loan availed of from SBI.Takeover of home loans, which is a balance transfer facility to shift your existing home loan from scheduled commercial banks, or private and foreign banks and even housing finance companies (registered with the National Housing Bank) to SBI.Tribal Plus Scheme, which is a special housing finance scheme for the hill/ tribal areas of North East India and areas around Chandigarh, Bhopal, Lucknow, Patna and Bhubaneswar.HerGhar, loans exclusively for women home owners, offered at a concessional interest rate. FlexiPay Home Loan Scheme, which is targeted at young working professionals to ease the financial burden by offering attractive repayment options.In addition the SBI also caters to the NRI audience with a selection of housing loan product offerings.In keeping with the tradition of employing the latest technological advances, you can apply for a housing loan both at a SBI branch and online as well. SBI also has digital branches known as SBI InTouch, which offer an instant loan facility for home loans, among other products and services. Rewarding individuals for availing of a home loan, SBI has an attractive rewards programme called the State Bank Rewardz, which offers reward points as part of its Group Loyalty Programme. These points can then be redeemed upon accrual for various products and services, both offline as well as online.

What makes SBI the largest public sector bank in India?

A. As of 2014-15, SBI had assets worth Rs. 20,480 billion and was ranked 232rd on the Fortune Global 500 list of the world’s biggest corporations as of 2016.

B. SBI traces its roots back to 1806, making it the oldest commercial bank in the Indian subcontinent.

C. As on date, it has a market share of over a whopping 20 percent in deposits and loans among Indian commercial banks.SBI offers a range of banking products and services through its extensive branch network

D. It includes products targeted at resident Indians as well as non-resident Indians (or NRIs).

E. SBI is not only India’s oldest bank but it also has the highest market share among all other banks. It also continuously keeps implementing and updating policies keeping in mind the benefits of the consumers.

Answer : Option E
Explaination / Solution:

What makes a bank the best are not the small factors like its age or its shares but what policies it brings for its customers and how it retains them increasing its market share. So, option E is the most suitable response.

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Q2.

Direction: Read the passage carefully and answer the questions that follow.

What makes SBI stand apart from its competitors?

A. SBI reaches out to potential home owners in semi-urban and rural areas in addition to metropolitan cities.

B. In keeping with the rapid technological development in the banking and financial services (BFSI) sector, the SBI has expanded its reach by offering services at the click of a button.

C. SBI has a wide reach that is not spread only domestically but as well as in the overseas market.

D. It operates several foreign subsidies or affiliates.

E. SBI traces its roots back to 1806, making it the oldest commercial bank in the Indian subcontinent.

Answer : Option A
Explaination / Solution:

It can be inferred from the following statement of the passage, 'What sets them apart from competition is the sheer reach that SBI offers, reaching out to potential home owners in semi-urban and rural areas in addition to metropolitan cities.'

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Q3.

Direction: Read the passage carefully and answer the questions that follow.

How is Loan For Earnest Money Deposit beneficial?

A. This loan can be repaid through the proceeds of the housing loan availed of from SBI.

B. It provides a balance transfer facility to shift your existing home loan from scheduled commercial banks, or private and foreign banks and even housing finance companies (registered with the National Housing Bank) to SBI.

C. It is a special housing finance scheme for the hill/ tribal areas of North East India.

D. It is offered at a concessional interest rate.

E. It would finance their requirements towards earnest money to book anything starting from residential plots/ built-up housing uses to properties being sold by government housing agencies.

Answer : Option E
Explaination / Solution:

It can be inferred from the following statement of the passage, 'It provides Loan for Earnest Money Deposit, which is to help individuals finance their requirements towards earnest money to book residential plots/ built-up housing uses, properties being sold by government housing agencies an urban development authorities and housing boards.'

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Q4.

Direction: Read the passage carefully and answer the questions that follow.

Which of the following is a unique feature of FlexiPay Home Loan Scheme?

A. This loan can be repaid through the proceeds of the housing loan availed of from SBI.

C. It is offered at a concessional interest rate.

D. It reduces the loan repayment burden on the young earning people.

E. It is specially meant for young working women.

Answer : Option D
Explaination / Solution:

It can be inferred from the following statement of the passage, 'FlexiPay Home Loan Scheme, which is targeted at young working professionals to ease the financial burden by offering attractive repayment options.'

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Q5.

Direction: Read the passage carefully and answer the questions that follow.

If given a chance why would one prefer SBI for home loans?

A. Because it is the oldest bank of India.

B. Because it benefits both residents and non-residents of India making it useful even if u move out of the country.

C. Because it provides concession in the interest rates.

D. It offers an instant loan facility for home loans, among other products and services and also rewards individuals for availing a home loan.

E. It is a special housing finance scheme for the hill/ tribal areas of North East India

Answer : Option D
Explaination / Solution:

The deciding factors while taking a home loan from any bank depend on its interest rates, hassle-free availability and benefits that can be obtained from it. These can be inferred from the last few lines of the passage. Option D describes it all so it is the most suitable response.

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Q6. Direction: Which of the phrases (A), (B), (C) and (D) given below each sentence can replace the word printed in bold in the sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, mark (E) i.e. 'No correction required' as the answer.

An Australian man, long thought to being associated of the digital currency Bitcoin, has publicly identified himself as its creator.

A. to be associate with that

B. to be associates from the

C. to be associate within the

D. to be associated with the

E. No correction required.

Answer : Option D
Explaination / Solution:

'to be associated with the' makes the sentence grammatically correct. 'to being' is incorrect in the given context. The sentence brings out an existing relationship or association. Hence, 'associated' should be used. 'Associate' doesn't make sense.

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Q7. Direction: Which of the phrases (A), (B), (C) and (D) given below each sentence can replace the word printed in bold in the sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, mark (E) i.e. 'No correction required' as the answer.

What drove its initial development was its purely digital existence, away from the control of government regulators.

A. away to the control of

B. away with control of the

C. away from control of the

D. away with the control for

E. No correction required.

Answer : Option E
Explaination / Solution:

The given sentence is correct and needs no improvement. It means that the government did not have any control in the development of the subject.

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Q8. Direction: Which of the phrases (A), (B), (C) and (D) given below each sentence can replace the word printed in bold in the sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, mark (E) i.e. 'No correction required' as the answer.

Bitcoin could let transacting party remain anonymous, keep transactions very secure, and eliminate middlemen fees.

A. would letting transactions parties remains

B. should lets transacting party remain

C. would let transacting parties remain

D. would have transacting parties remain

E. No correction required.

Answer : Option C
Explaination / Solution:

'would let transacting parties remain' is the correct answer.

'Would' is used to preserve the future aspect when talking about the past. If you are writing about past events, you can use it to indicate something that was in the future at that point in time but is not necessarily in the future right now.

Could represents a possibility.

Here, the future aspect of Bitcoin is being discussed, hence would is a more suitable response.

Would letting is grammatically incorrect; hence option A can be eliminated.

Option D makes the sentence grammatically incorrect; hence it can be eliminated.

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Q9. Direction: Which of the phrases (A), (B), (C) and (D) given below each sentence can replace the word printed in bold in the sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, mark (E) i.e. 'No correction required' as the answer.

BBC News said on Monday that Craig Wright told the media outlet he is the men previously known with thepseudonym Satoshi Nakamoto.

A. he is the man previously known by the

B. he is the man previously known for the

C. he was the man who previously known by the

D. he is the man who previously known to the

E. No correction required.

Answer : Option A
Explaination / Solution:

Option A is correct. Pseudonym means a fictitious name, especially one used by an author. 'known by' should be used since it means 'recognized by'. Since the person being talked about is singular, 'men' should be replaced by 'man'.

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Q10. Direction: Which of the phrases given below the sentence can replace the phrase printed in bold in the sentence to make it grammatically meaningful and correct? If the given sentence is correct as it is, mark 'No correction required’ as the answer.

The BBC said that Wright supported his claims of being an author by signing digital messages using cryptographic keys used during the early days of Bitcoin.

A. he claimed of being an author by signing digital messages

B. his claim of being an author by signing digital messages

C. his claimed of being an author with signing digital messaging

D. he claims of being an author with his signing digital messages

E. No correction required

Answer : Option B
Explaination / Solution:

In the given sentence, only a single issue is being talked about; hence it should be claim and not claims.

This eliminates the given sentence and option D.

Claimed is a clear misfit; hence options A and C can be eliminated.

Hence, 'his claim of being an author by signing digital messages' is the correct answer.

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