IBPS CLERK PRELIMS STUDY PLANNER 2018 – Cloze Test – Day 5

Dear Bankersdaily Aspirants,

IBPS CLERK Prelims Exam – 2018 – Study Planner. English is one of the sections which haunts the aspirants because many aspirants chances to go to the next level in the Banking Exams are hindered due to this section. According to recent statistics, only 30% of the aspirants score above 10 marks in the Preliminary Examination in English Section and many aspirants struggle to get the required cutoff marks.

Practice is the Key to Crack the English after learning it. So we are here to provide questions from all the sections in the English Language to make your practice worth.

After the SBI PO, SBI CLERK & IBPS PO Exams IBPS Clerk will be the most expected one to crack the banking job for many aspirants. Since IBPS has also changed the exam pattern similar to SBI, we are providing practice sets on the basis of IBPS CLERK 15 Days Study Planner.

Students are advised to practice the questions regularly and crack the IBPS Clerk 2018 which will be held shortly. Since this will be the dream job for most of the aspirant’s everyone should work hard and act smart to achieve their own destination.

We at Bankersdaily will be providing daily questions for the IBPS CLERK Prelims Exam 2018 through this IBPS CLERK Prelims 2018 – Study Planner to assist the aspirants in their preparation. All the Three sections Quants, Reasoning and English Langauge questions will be available regularly in Bankersdaily.

Quizzes will be released every day by the timing given below:

• Quantitative Aptitude – 8:00 P.M
• Reasoning Ability – 8:15 P.M 
• English Language – 8:30 P.M

D.1-10): In the following passage, one or two words have been left out in some of the sentences shown by blank spaces, each of which is indicated by a series of numbers. Find the suitable word from the given options marked as (a), (b), (c), (d) and (e) against each number and fill up the numbered blanks with the appropriate option to make the paragraph meaningfully complete.

Chief Financial Officers (CFOs) of Indian corporate are __ (1) __ that the Indian accounting standards and governance practices __ (2) __ with global norms. This desire finds expression in a comprehensive survey of Indian CFOs carried out by Ernst & Young. According to the survey, the CFOs felt that certain decisions taken by standard setters, such as in respect of __ (3) __ under the Companies Act or the manner in which changes in accounting policies are presented, were causing significant differences with global standards. The __ (4) ___ was that the Institute of Chartered Accountants of India (ICAI) should be the sole standard setter. Multiple standard setters or regulators were undesirable, according to the findings of the survey.

About 95 per cent of Indian CFOs interviewed __ (5) __ their interest in convergence with global accounting standards, mainly International Financial Reporting Standards (IFRS). With the ongoing globalisation drive, a __ (6) __ move towards IFRS had become all the more imperative, the survey said. In this context, the CFOs suggested structural changes in Indian GAAP (generally accepted accounting principles) in the area of financial instruments and business combinations. R. K. Agrawal, Director, Ernst & Young India Pvt. Ltd., said the finance function played an increasing role in the backdrop of a robust economy and rising pressure on companies to globalise. Ernst & Young undertook this survey with CFOs to understand the challenges facing them and key imperatives __ (7) __ to facilitate efficient and effective financial reporting for the future. The CFO survey includes views of 125 CFOs, of whom 78 per cent represented listed companies.

The survey, according to Mr. Agarwal, takes a detailed look at the transformation sweeping through the finance function and highlights an enormous change in perceptions and attitudes of Indian CFOs towards financial reporting, accounting standards, regulatory developments and convergence with global accounting standards. Most CFOs accepted that the Indian GAAP was sufficient, relevant and clear even in __ (8) ___ to global standards. An overwhelming majority believed that the Indian GAAP met the needs of management to provide robust financial reports. They were also __ (9) __ that it met the needs of stakeholders to obtain financial information. Alignment with IFRS was favoured by 64 per cent of CFOs, whereas 31 per cent favoured convergence with U.S. GAAP. The CFOs, the survey said, largely agreed that social reporting provided useful information to stakeholders, investors and regulators. There was a divided house on presenting only __ (10) ___ financial statements instead of financial statements of all constituents in the annual report.

Q.1)

a) kneeling

b) conquer

c) intensifying

d) keen

e) exultation

Q.2)

a) delude

b) gathering

c) dispersal

d) dubious

e) converge

Q.3)

a) misgauged

b) tangled

c) depreciation

d) converted

e) enhancing

Q.4)

a) devised

b) evaded

c) rendezvous

d) ambiguity

e) consensus

Q.5)

a) denied

b) articulated

c) turmoil

d) demined

e) artful

Q.6)

a) harmless

b) terrible

c) swift

d) threaten

e) narrow

Q.7)

a) rebuked

b) needed

c) lengthy

d) certainty

e) relish

Q.8)

a) cogent

b) hassle

c) egregious

d) comparison

e) proven

Q.9)

a) supported

b) deterred

c) enforces

d) convinced

e) frugal

Q.10)

a) apparent

b) consolidated

c) concede

d) expedient

e) impotent

Aspirants can check the answers for the Above questions here

Q.1) d) Keen – having or showing eagerness or enthusiasm.

Q.2) e) Converge – (of lines) tend to meet at a point.

Q.3) c) Depreciation – a reduction in the value of an asset over time, due in particular to wear and tear.

Q.4) e) Consensus – a general agreement.

Q.5) b) Articulated – express (an idea or feeling) fluently and coherently.

Q.6) c) Swift – happening quickly or promptly.

Q.7) b) Needed – require (something) because it is essential or very important rather than just desirable.

Q.8) d) Comparison – a consideration or estimate of the similarities or dissimilarities between two things or people.

Q.9) d) Convinced –  completely certain about something.

Q.10) b) Consolidated – combine (a number of things) into a single more effective or coherent whole.

Aspirants can check the Day 4 – IBPS CLERK Prelims Exam 2018 from the below-given links 

IBPS CLERK Prelims 2018 Planner – Aptitude – Day 4 – Simple Interest & Compound Interest

IBPS CLERK Prelims 2018 Planner – Reasoning – Day 4 – Number ranking

IBPS CLERK Prelims 2018 Planner – English Language – Day 4 – Sentence Rearrangement

Aspirants can check the Whole planner of IBPS CLERK Prelims Exam 2018 from the below given link. 

IBPS CLERK prelims Exam 2018 – Planner