Institute of Banking Personnel Selection
Common Written Examination :2011 (English Language)

Direction: In the following passage, there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, four words are suggested. One of which fills the blank appropriately. Find out appropriate word in each case.

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

1. interest
participation
step
role
None of these

2. point
tune
view
pursuit
None of these

3. decisively
reluctantly
visibly
particularly
None of these

4. equilibrium
emphasis
appeasement
overload
None of these


5. by
for
against
upon
None of these

6. trivial
jubilant
fastidious
significant
None of these

7. addressed
contributed
initiated
evolved
None of these

8. measures
activism
debacle
efficiency
None of these

9. paved
repaired
dug
elevated
None of these

10. revolutionised
indiscriminate
flexible
arbitrary
None of these

Answers:

1. 2. 3. 4. 5. 6. 6. 7. 8. 9. 10.(3)