RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 04.09.2016 (Shift-II)(Part-II)

The moment which began to help (1)/the commoners fight (2)/against the oppressive regime, eventually (3)/turned into a terrorist organisation. (4)/
No error (5)

The new policies that have (1)/ been formulated by the government (2)/ recently aim at bring in (3)/ transparency within the system. (4)/ No error (5)

All the passengers owed their (1)/ life to Jacob as he drove them safely (2)/ through the hilly road to a (3)/ halt; when their car broke down. (4)/ No error (5)

Neither Maya nor Kaya could (1)/ top this time in the (2)/ exams as they both got beat (3)/ by Harsh, the new entrant. (4)/ No error (5)

E-pharmacies are now facing serious roadblocks (1)/ due to lack of proper regulatory framework, (2)/ understanding of the sector and (3)/ opposition from organised drug traders. (4)/ No error (5)

In these questions, there are two statements which can be combined into a single statement in a number of different ways without changing their meaning. Below them are given three probable starters (A), (B) and (C) of such a combined sentence. One, two, three or none of them may be correct. Decide upon which is/ are correct, if any and select the option which denotes your answer. If none of the three starters is suitable select, 'None' as your answer.
(A) Shanghai is supposed to be the
(B) Instead of being the 'diamond' on China's Silk Road Economic Belt
(C) Because Shanghai is shaping up to be fool's gold

In these questions, there are two statements which can be combined into a single statement in a number of different ways without changing their meaning. Below them are given three probable starters (A), (B) and (C) of such a combined sentence. One, two, three or none of them may be correct. Decide upon which is/ are correct, if any and select the option which denotes your answer. If none of the three starters is suitable select, 'None' as your answer.
(A) It's a myth that electric vehicles can successfully
(B) In addition to limited driving range
(C) Despite limited driving range, electric vehicles can

In these questions, there are two statements which can be combined into a single statement in a number of different ways without changing their meaning. Below them are given three probable starters (A), (B) and (C) of such a combined sentence. One, two, three or none of them may be correct. Decide upon which is/ are correct, if any and select the option which denotes your answer. If none of the three starters is suitable select, 'None' as your answer.
(A) Handset devices are one of the most frequently replaced electronic products and
(B) Even though handset devices are replaced every year
(C) While consumers think smartphone makers are releasing too many models each year

From the question (39-40)
There is a parallel universe beyond the confines of China's banking system: shadow banking. This is where borrowers and industries, shunned by banks, look for funding. Regulators look the other way. Until the early 2000s banks accounted for nearly all lending in China, but in the past five years their share has come down to just three-fifths of all new credit. On a conservative estimate, China's shadow financing now adds up to 40 trillion Yuan, nearly two-thirds of its GDP. Compared with advanced economies, this is modest. America's shadow-banking sector is 1.5 times the size of its GDP. But China's shadow assets have increased by more than 30% annually over the past three years compared with less than 10% for the rest of the world, according to the Financial Stability Board. In theory, shadow banks seek higher returns but also take care to manage risks. In practice, it often does not work out like that. China's boom in shadow banking had an innocent enough start. In 2010, regulators reined in bank lending after the credit binge that helped lift the economy out of the global financial crisis. Projects from highways to apartment blocks were left half-finished. To see them through to completion, regulators tolerated an expansion in non-bank financial institutions. It was a work around that seemed to shift risk away from the banks yet kept credit flowing. The most prominent of the shadow lenders were trust companies, versatile institutions that could lend money and take direct stakes. Trusts charged higher rates on loans than banks and also offered higher returns to their wealthy investors (the minimum investment is 1m Yuan.) Today, they hold assets of 16 trillion Yuan, more than the insurance sector. Five years ago, Chinese shadow banking was driven mainly by companies that could not get bank loans. Now it is ordinary people looking for higher returns. It is a vicious cycle. Seeing savers' insatiable appetite for these products banks feel compelled to create yet more and are straying, distant enough from conventional banking to offer higher rates but close enough that their customers. still feel reassured. Shadow banking far from being a new kind of efficient lending, has spread hidden risks throughout the economy and regulators buying their heads in the sand harms conventional banks.
Which of the following can be said about trust companies?

Which of the following aptly describes the tone of the passage?