Dear Aspirants,

Good Morning!! Welcome to D2G’s English Quiz.

The Reserve Bank has taken a bold ___(1)___ in the development of they, the government securities and the foreign exchange markets in ___(2)___ of their critical role in overall growth and development of the economy and _____(3)____ in the transmission mechanism of monetary policy. The approach has been one of simultaneous movements on several fronts, graduated and callibrated, with an____ (4)____ on institutional and infrastructural development and improvements in market microstructure. The pace of reforms was contingent ____(5)_____ putting in place appropriate systems and procedures, technologies and market practices. Initiatives taken by the Reserve Bank have brought about ____(6)_____ transformation of various segments of the financial market. These developments by improve the depth and liquidity in domestic financial markets have ____(7)_____ to better price discovery of interest rates and exchange rates, which, in turn, have led to greater ____(8)_____ in resource allocation in the economy. The increase in size and depth of financial market has ____(9)_____ the way for _____(10)_____ use of indirect instruments.

1.
a) interest
b) participation
c) step
d) role
e) None of these

2.
a) point
b) tune
c) view
d) pursuit
e) None of these

3.
a) decisively
b) reluctantly
c) visibly
d) particularly
e) None of these

4.
a) equilibrium
b) emphasis
c) appeasement
d) overload
e) None of these

5.
a) by
b) for
c) against
d) upon
e) None of these

6.
a) trivial
b) jubilant
c) fastidious
d) significant
e) None of these

7.
a) addressed
b) contributed
c) initiated
d) evolved
e) None of these

8.
a) measures
b) activism
c) debacle
d) efficiency
e) None of these

9.
a) paved
b) repaired
c) dug
d) elevated
e) None of these

10.
a) revolutionised
b) indiscriminate
c) flexible
d) arbitrary
e) None of these

Happy Reading!!