ST 137 7-11 Eight students Geeta, Garima, Gyan, Gauri, Giri, Gautam, Gambhir and Ganesh are sitting around the circle facing the centre. Garima is fourth to the left of Geeta and second to the right of Gauri. Gyan is sitting infront of Gauri and third to the left of Gambhir. Gautam is not the neighbour of Gyan. Gautam is second to the left of Ganesh. 25-30 In the following questions some symbols $, @, #, © and % are used with the following meaning as illustrated below: A $ B means A is not greater than B. A@B means A is neither smaller than nor equal to B. A # B means A is not smaller than B. A © B means A is neither greater than nor equal to B. A % B means A is neither smaller than nor greater than B. 31-35 Five employees work in a library with different index of work as Community portal, Help Desk,Local Embassy, Site news and Magazine . Maria and Mona are working good in Community Portal and Help Desk. Mariam and Maria are working good in Help Desk and Local Embassy . Mariam ,Monalisa and Menaka are working good in Local Embassy and Site News . Menaka and Mariam are working good in Local Embassy and Magazine .Monalisa and Mona are working good in Site News and Community Portal. 41-48 Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some questions. The European Stability Mechanism (ESM)— the euro zone’s permanent rescue fund made a successful debut in the capital markets this week, raising €7 billion ($9.5 billion) through a five-year bond. It has already borrowed almost €42 billion in the money markets since January. Judging by the potential calls on its resources, which include a third bail-out for Greece, a second one for Portugal and a first for Slovenia, this capital-raising will be the first of many. The ESM replaces the European Financial Stability Facility (EFSF), itself a replacement for the improvisation behind the first Greek bail-out, in May 2010, which had to be financed through bilateral loans from other euro-zone states, along with lending from the International Monetary Fund. The EFSF was used for the second Greek bail-out and contributed towards the Irish and Portuguese rescues. These commitments came to €192 billion, of which all but €18 billion has been disbursed. Any new bail-outs will now be financed through the ESM. The fund can lend up to €500 billion in total. It has already earmarked €100 billion to pay for the recapitalisation of the shaky Spanish financial sector (of which over €40 billion has been drawn down) and €9 billion for Cyprus, leaving €391 billion in the kitty. The creation of a euro-zone fund is tricky because in effect the northern creditor states are supporting the debtor nations of the south. The EFSF’s design was flawed because its borrowing was backed by guarantees from the euro-zone states, some of which were in no condition to honour their pledges. The ESM has a sturdier set-up because it is backed by paid-in capital contributed by euro-zone members. They have already coughed up €48 billion, which will rise to €80 billion next spring. And they have pledged additional capital of up to €620 billion if necessary, taking the total to €700 billion. The ESM can help governments in trouble through a variety of means. For those cut off from the markets, it can extend loans. For those that have some access, it can buy up to half the value of bonds they are issuing in the primary market. It can also provide credit lines as a backstop to governments who fear an investor strike. In return, the countries being assisted must meet strict economic and fiscal conditions.Although the ESM can intervene in secondary markets it seems unlikely to do so following the pledge of the European Central Bank (ECB) a year ago to make unlimited purchases of government bonds for countries under siege. The ECB is far better placed than the ESM to cow investors because it can print money to buy the bonds. But the rescue fund will still play a crucial part in the ECB’s putative bond-buying, because it will be conducted only for countries that are getting help from the ESM and so subject to its conditions. The most contentious use of the ESM is to recapitalise banks directly rather than by lending to governments to pass on to them, as it is doing in Spain. But the amount of money that can be used for this purpose has been limited to €60 billion, less than Ireland alone had to stuff into its banks. As things stand, it will not be available to fill capital holes unearthed by the ECB’s root-and-branch review of euro-zone bank assets next year. This is because Germany and other northern creditor nations do not want banks’ bad debts in weak peripheral countries dumped on the fund. That may, in turn, prevent an adequate response to the central bank’s inspection of Europe’s sick banks. 51-55 In each question below a sentence with four words printed in bold type is given. These are numbered (1),(2),(3) and (4) . One of these four words printed in bold may be either wrongly spelt or inappropriate in context of the sentence. Find out the word which is wrongly spelt or inappropriate if any. The number of that word is your answer. If all the words printed in bold are correctly spelt & also appropriate in the context of the sentence, mark (5) All correct as your answer. 61-65 Rearrange the following sentences (A), (B), (C), (D) and (E) in the proper sequence to form a meaningful paragraph, then answer the questions given below them. (A) Infosys,though with a ower revenue base when compared with TCS has always enjoyed superior operating margins traditionally. (B) A year ago the operating margins between the two companies were almost similar .But at present the growing difference is a commentary on the respective companies ,strategy and execution ability (C) However ,TCS in the last couple of years,has been able to consistently deliver higher margin performance and also significantly narrowed the gap with Infosys. (D) Tata consultancy services ,Indias leading IT services exporter, continues to widen the gap with its nearest competitor Infosys with the operating margins of the conpany rising by another 3%. (E) The current operating margins of TCS is now almost reaching that of Infosys during its heydays when it boasted of 30% margins and above. 71-80 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 have been suggested, one of which fits the blanks appropriately. Find out the appropriate word in each case. India wants to move forward on civil nuclear energy cooperation with Russia and reach (71) agreements on the third and fourth reactors of the Kudankulam atomic power plant. The commercial agreements are expected to be linked at the end of summit-level talks between Prime Minister Manmohan Singh and Russian President Vladmir Putin. Besides economic and trade issues, high on the summit’s proposed (72) are improving India’s presence in the Russian oil and gas sectors and addressing Moscow’s concerns regarding New Delhi’s nuclear liability law and supporting nuclear energy projects. According to external affairs minister Salman Khurshid, the first reactor of the Kudankulam plant will very soon start (73) electricity and go up to 1,000 MW. The second is likely to go critical in the next six months.Prof Arun Mohanty, chairperson, Centre for Russian and Central Asian Studies, School of International Studies, JNU said, “There were several differences between the two countries which have been sorted out and more will be addressed (74) the talks. The two countries will be going ahead with the third and the fourth reactors of the Kudankulam atomic power plant.” “Russia is most likely to offer India a (75) kind of cooperation in civil nuclear trade like the Westinghouse-NPCIL (Nuclear Power Corporation of India) agreement with the US, which India may have no reason to decline. In fact, larger strategic intents of India would be better served if India offers its market for participation by major players, thereby receiving spin-off and attendant benefits,” pointed out Deba Mohanty, chairman and CEO, INDICIA Research & Advisory. According to experts, the Russians were under the (76) that the nuclear liability law, which makes suppliers liable for compensation in case of accidents, won’t apply to the third and fourth reactors as they are the (77) of the same project and contract. Though India insisted that the law is not (78) to the third and fourth reactors, it had also sought legal opinion on the issue before the deal between NPCIL and Westinghouse was inked last month in the US. Both Russia and India have inked a protocol for financing the third and fourth units, under which Russia will offer an export credit line of about $3.5 billion for the two pressurised water (79). The amount is payable in 14 years from the start of power generation at 4% interest per annum. India’s nuclear liability legislation caps the operator’s liability at Rs.1,500 crore ($331 million) and gives it the right to seek (80) from suppliers in case of an accident.
Posted on: Thu, 28 Nov 2013 10:50:24 +0000
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