Punjab National Bank

Probationary Officers’ Recruitment Exam

February 2005 Question Paper (Fully Solved)

ENGLISH LANGUAGE
Directions (Qs. 1 to 10) : Pick out (3) Have been playing Among the various defects mentioned
the most effective word/group of (4) Were played about this form of banking, we may
words from those given to fill in the (5) Will have been playing emphasise the following :
blanks to make the sentence Directions (Qs. 11 to 25) : Read the (a) They are unorganised and do not
meaningfully complete. following passage carefully to answer have any contact with the other sections
1. Integrity of character, honesty, the questions given below it. Certain of the banking world.
dependability and discipline ________ words/expressions are given in bold (b) They combine banking with
with a genuine interest in your work will in the passage to help you locate trading and commission business and
go a long way for achieving success. them while answering some of the thus they have introduced trade risks into
(1) Coupled (2) Adjoined questions. their banking business.
(3) Fixed (4) Attached Though commercial banking of the (c) They do not distinguish between
(5) Entrusted western type has been of recent short-term and long-term finance and
2. Drinking too much __________ development in India, banking as such also between the purposes of finance.
one’s judgement. has not been unknown for India. From (d) They follow vernacular methods
(1) Imposes (2) Impels very ancient days indigenous banking as of keeping accounts. They do not give
(3) Impairs (4) Impedes different from the modern western receipts in most cases and the interest
(5) Effects banking had been organised in the form which they charge is out of proportion
3. For quite a long time he bore the of family or individual business. The to the rates of interest charged by the
burden but finally he had to _________. indigenous bankers have been variously other banking institutions in the country.
(1) Yield (2) Reconcile called as Shroffs, Seths, Sahukars, In spite of all these defects, they
(3) Leave (4) Succumb Mahajans, Chettis, etc. in different parts occupy a very prominent position in the
(5) Refuse of the country. They vary in their size money market in the country.
4. The suspect was taken to the police, from petty money-lenders to substantial Despite the predominant role played
but the _______ revealed nothing. shroffs who carry on large and by the indigenous bankers in India’s
(1) Investigation (2) Inquiry specialised business which at times economic life, they have always remained
(3) Probe (4) Interrogation exceeds that of the scheduled banks. outside the pale of organised banking.
(5) Attempt The indigenous bankers lend As early as 1931, the Central Banking
5. The History Professor _______ a money, act as money changers and Enquiry Committee emphasised the
great respect from his students by virtue finance the internal trade of India by necessity to unify the two sectors of the
of his mastery over his subject. means of hundis or internal bills of Indian money market and recommended
(1) Commanded (2) Acquired exchange. the linking of the indigenous bankers
(3) Attained (4) Observed The business of the indigenous with RBI when the latter was created.
(5) Expected bankers is generally a family concern. The Committee specially recommended
6. When I first met Sudha _________ They employ their own working capital. that appropriate steps should be taken
as a lecturer in the college. These indigenous bankers do not to evolve a modern bill market of the
(1) She was working generally get deposits from the public western type in which the hundi, the
(2) She working but in some exceptional cases some of traditional bill of exchange used by the
(3) She had been working them do accept deposits against all kinds indigenous bankers, would figure actively.
(4) Must have been working of securities such as gold, jewellery, land, Since 1935, when RBI was started,
(5) She has been working promissory notes, hundis, etc. They lend many attempts were made by the Bank
7. I felt very proud ________ myself. against personal credit of the borrowers. to bring the indigenous bankers under
(1) For (2) Of (3)With They also buy and sell remittances and its orbit. RBI issued a draft scheme for
(4) At (5) On discount hundis. In regard to their direct linking of these bankers. RBI
8. I have just _________ reading an banking business they still follow their suggested that the indigenous bankers
interesting novel. traditional methods; they keep accounts
(1) Been (2) Completely according to the vernacular system and
(3) Finished (4) Start their principal instrument is the hundi
(5) Over which is the internal bill of exchange
9. I felt so ________ that I couldn’t drawn up in flowery language and
sleep. which carries a high rate of interest
(1) Exciting (2) Excited ranging from 9 to 12 percent.
(3) Exciting as such (4) Excited for The indigenous bankers do not
(5) Excited with normally have contacts with the other
10. The three men _____ for an hour. banking institutions in the country; the
(1) Are playing main reason for this is that they generally
(2) Had been playing depend upon their own funds.
COMPETITION SUCCESS REVIEW, APRIL 2005 187