English II Reading Comprehension II 03-02-2020

Direction: In this section, you have a passage. After the passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.

When private sector banks were allowed to open in the 1990s, some economists thought big industrialists were the obvious candidates. But businesses are potential borrowers, and so they should not control lending institutions: that creates an obvious conflict of interest. I was among those urging that no business house should be allowed to own a bank to prevent businessmen from milking depositors’ money for private ends. We were vindicated yet again last week by the collapse of Punjab and Maharashtra Cooperative Bank. This bank violated all lending norms to channel no less than 70% of its entire loans (Rs 6,500 crore) to just one client — Housing Development and Infrastructure Ltd (HDIL), owned by the Wadhawan family. When HDIL went bust, so (after attempts to hide the damage) did the bank. PMC Bank was, in effect, captured by the Wadhawans and milked dry. We saw another such example in 2000-01 when stockbroker Ketan Parekh captured the Madhavpura Mercantile Cooperative Bank. He milked it to fund a buying spree that created a huge stock market boom, but then took the bank down with himself when the market crashed. Clearly, even Legal bans on business persons running banks can be circumvented in India, given corrupt corporate governance.

Direction: In this section, you have a passage. After the passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.

When private sector banks were allowed to open in the 1990s, some economists thought big industrialists were the obvious candidates. But businesses are potential borrowers, and so they should not control lending institutions: that creates an obvious conflict of interest. I was among those urging that no business house should be allowed to own a bank to prevent businessmen from milking depositors’ money for private ends. We were vindicated yet again last week by the collapse of Punjab and Maharashtra Cooperative Bank. This bank violated all lending norms to channel no less than 70% of its entire loans (Rs 6,500 crore) to just one client — Housing Development and Infrastructure Ltd (HDIL), owned by the Wadhawan family. When HDIL went bust, so (after attempts to hide the damage) did the bank. PMC Bank was, in effect, captured by the Wadhawans and milked dry. We saw another such example in 2000-01 when stockbroker Ketan Parekh captured the Madhavpura Mercantile Cooperative Bank. He milked it to fund a buying spree that created a huge stock market boom, but then took the bank down with himself when the market crashed. Clearly, even Legal bans on business persons running banks can be circumvented in India, given corrupt corporate governance.

Direction: In this section, you have a passage. After the passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.

When private sector banks were allowed to open in the 1990s, some economists thought big industrialists were the obvious candidates. But businesses are potential borrowers, and so they should not control lending institutions: that creates an obvious conflict of interest. I was among those urging that no business house should be allowed to own a bank to prevent businessmen from milking depositors’ money for private ends. We were vindicated yet again last week by the collapse of Punjab and Maharashtra Cooperative Bank. This bank violated all lending norms to channel no less than 70% of its entire loans (Rs 6,500 crore) to just one client — Housing Development and Infrastructure Ltd (HDIL), owned by the Wadhawan family. When HDIL went bust, so (after attempts to hide the damage) did the bank. PMC Bank was, in effect, captured by the Wadhawans and milked dry. We saw another such example in 2000-01 when stockbroker Ketan Parekh captured the Madhavpura Mercantile Cooperative Bank. He milked it to fund a buying spree that created a huge stock market boom, but then took the bank down with himself when the market crashed. Clearly, even Legal bans on business persons running banks can be circumvented in India, given corrupt corporate governance.

Direction: In this section, you have a passage. After the passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.

When private sector banks were allowed to open in the 1990s, some economists thought big industrialists were the obvious candidates. But businesses are potential borrowers, and so they should not control lending institutions: that creates an obvious conflict of interest. I was among those urging that no business house should be allowed to own a bank to prevent businessmen from milking depositors’ money for private ends. We were vindicated yet again last week by the collapse of Punjab and Maharashtra Cooperative Bank. This bank violated all lending norms to channel no less than 70% of its entire loans (Rs 6,500 crore) to just one client — Housing Development and Infrastructure Ltd (HDIL), owned by the Wadhawan family. When HDIL went bust, so (after attempts to hide the damage) did the bank. PMC Bank was, in effect, captured by the Wadhawans and milked dry. We saw another such example in 2000-01 when stockbroker Ketan Parekh captured the Madhavpura Mercantile Cooperative Bank. He milked it to fund a buying spree that created a huge stock market boom, but then took the bank down with himself when the market crashed. Clearly, even Legal bans on business persons running banks can be circumvented in India, given corrupt corporate governance.

Direction: In this section, you have a passage. After the passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.
When private sector banks were allowed to open in the 1990s, some economists thought big industrialists were the obvious candidates. But businesses are potential borrowers, and so they should not control lending institutions: that creates an obvious conflict of interest. I was among those urging that no business house should be allowed to own a bank to prevent businessmen from milking depositors’ money for private ends. We were vindicated yet again last week by the collapse of Punjab and Maharashtra Cooperative Bank. This bank violated all lending norms to channel no less than 70% of its entire loans (Rs 6,500 crore) to just one client — Housing Development and Infrastructure Ltd (HDIL), owned by the Wadhawan family. When HDIL went bust, so (after attempts to hide the damage) did the bank. PMC Bank was, in effect, captured by the Wadhawans and milked dry. We saw another such example in 2000-01 when stockbroker Ketan Parekh captured the Madhavpura Mercantile Cooperative Bank. He milked it to fund a buying spree that created a huge stock market boom, but then took the bank down with himself when the market crashed. Clearly, even Legal bans on business persons running banks can be circumvented in India, given corrupt corporate governance.

Direction: In this section you have a short passage. After this passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.

The rising population of India is one of the major problems of the country. The present population of India consists of over 1.21 billion people. The big population of India undoubtedly provides large work-force resources which, if properly utilized, can highly advance the economic prosperity of the country. The abnormal population growth is commonly believed to be one of the principal causes of India’s poverty and very low standard of living for her people. Overpopulation weakens the economy in many respects. The increasing pressure of population on natural resources will retard the economic progress and minimize the scope for social services in the form of education, wealth and housing so essentially needed for a progressive state. Therefore, a planned growth of our economy needs some effective check on population. We must make an all-out drive to educate the masses in the methods of family planning. It is a good sign that a section of our people especially those belonging to the middle class are gradually becoming population conscious and are taking an active interest in the methods devised and recommended for population control.

Direction: In this section you have a short passage. After this passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.

The rising population of India is one of the major problems of the country. The present population of India consists of over 1.21 billion people. The big population of India undoubtedly provides large work-force resources which, if properly utilized, can highly advance the economic prosperity of the country. The abnormal population growth is commonly believed to be one of the principal causes of India’s poverty and very low standard of living for her people. Overpopulation weakens the economy in many respects. The increasing pressure of population on natural resources will retard the economic progress and minimize the scope for social services in the form of education, wealth and housing so essentially needed for a progressive state. Therefore, a planned growth of our economy needs some effective check on population. We must make an all-out drive to educate the masses in the methods of family planning. It is a good sign that a section of our people especially those belonging to the middle class are gradually becoming population conscious and are taking an active interest in the methods devised and recommended for population control.

Direction: In this section you have a short passage. After this passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.

The rising population of India is one of the major problems of the country. The present population of India consists of over 1.21 billion people. The big population of India undoubtedly provides large work-force resources which, if properly utilized, can highly advance the economic prosperity of the country. The abnormal population growth is commonly believed to be one of the principal causes of India’s poverty and very low standard of living for her people. Overpopulation weakens the economy in many respects. The increasing pressure of population on natural resources will retard the economic progress and minimize the scope for social services in the form of education, wealth and housing so essentially needed for a progressive state. Therefore, a planned growth of our economy needs some effective check on population. We must make an all-out drive to educate the masses in the methods of family planning. It is a good sign that a section of our people especially those belonging to the middle class are gradually becoming population conscious and are taking an active interest in the methods devised and recommended for population control.

Direction: In this section you have a short passage. After this passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.

The rising population of India is one of the major problems of the country. The present population of India consists of over 1.21 billion people. The big population of India undoubtedly provides large work-force resources which, if properly utilized, can highly advance the economic prosperity of the country. The abnormal population growth is commonly believed to be one of the principal causes of India’s poverty and very low standard of living for her people. Overpopulation weakens the economy in many respects. The increasing pressure of population on natural resources will retard the economic progress and minimize the scope for social services in the form of education, wealth and housing so essentially needed for a progressive state. Therefore, a planned growth of our economy needs some effective check on population. We must make an all-out drive to educate the masses in the methods of family planning. It is a good sign that a section of our people especially those belonging to the middle class are gradually becoming population conscious and are taking an active interest in the methods devised and recommended for population control.

Direction: In this section you have a short passage. After this passage, you will find some items based on the passage. First, read the passage and answer the items based on it. You are required to select your answers based on the contents of the passage and opinion of the author only.
The rising population of India is one of the major problems of the country. The present population of India consists of over 1.21 billion people. The big population of India undoubtedly provides large work-force resources which, if properly utilized, can highly advance the economic prosperity of the country. The abnormal population growth is commonly believed to be one of the principal causes of India’s poverty and very low standard of living for her people. Overpopulation weakens the economy in many respects. The increasing pressure of population on natural resources will retard the economic progress and minimize the scope for social services in the form of education, wealth and housing so essentially needed for a progressive state. Therefore, a planned growth of our economy needs some effective check on population. We must make an all-out drive to educate the masses in the methods of family planning. It is a good sign that a section of our people especially those belonging to the middle class are gradually becoming population conscious and are taking an active interest in the methods devised and recommended for population control.