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Paper of BP-BSC 5th Batch For OG-2 - (YPIP) 2015 Compiled by Abrar Ahmed Khan
Paper of BP-BSC 5th Batch For OG-2 - (YPIP) 2015 Compiled by Abrar Ahmed Khan
Muhammad Yunus is a Bangladeshi banker and economist. 1) __________ a professor of economics, he is most
famous for his successful application of the concept of microcredit, the 2) __________ of small loans to
entrepreneurs too poor to qualify for traditional bank loans. He is the 3) __________ of Grameen Bank, and he and
the bank were 4) __________ awarded the Nobel Peace Prize for their efforts to create economic and social
development among the poor.
During visits to the poorest households in the village of Jobra near Chittagong University, Yunus discovered that
very small loans could make a 5) __________ difference to a poor person. Jobra women who made bamboo
furniture had to take out usurious loans to buy the bamboo. He made a loan of USD 27.00 from his 6) __________
pocket to 42 women in the village, who made a net profit of USD 0.02 each on the loan.Yunus believed that if given
the chance the poor would repay the 7) __________ money and hence microcredit could be a 8) __________
business 9) __________. He eventually managed to 10) __________ a loan from the Janata Bank to lend it to the
poor in Jobra in December 1976.
By July 2007, the Grameen Bank had 11) __________ USD 6.38 billion to 7.4 million borrowers. To ensure
repayment, the bank uses a system of solidarity groups. These small informal groups apply together for loans and its
members act as co-guarantors of repayment and support each other's efforts at economic 12) __________.
The 13) __________ of the Grameen model of microfinancing has inspired similar efforts in many countries
throughout the developing world, and even in industrialised nations, including the USA. Many, but not all,
microcredit projects also retain his emphasis on lending specifically to women. More than 94% of Grameen loans
have 14) __________ to women, who suffer disproportionately from 15) __________ and who are more likely than
men to devote their earnings to their families.
Q.1
Former
Formerly
ExThe former
Q.2 extend
extent
extension
extends
Q.3 finder
founder
foundation
findings
Q.4 joint
either
jointly
bi-
Q.5 disproportionate
disproportionately
proportionate
proportionately
Q.6 self
own
only
private
Q.7 lend
loan
borrowing
borrowed
Q.8 viable
viably
unviable
unviably
Q.9 models
modelling
model
modelled
Q.10 incur
secure
insecure
procure
Q.11 ensued
issued
borrowed
lend
Q.12 advance
advancing
advancement
advanced
Q.13 failure
mediocrity
success
problem
Q.14 gone
arrived
sent
issued
Q.15 poor
poorly
impoverished
poverty
The relevance of formal economic models to
real-world policy has been a topic of some dispute.
The economists R. D. Norton and S. Y.
Rhee achieved some success in applying such a
model retrospectively to the Korean economy
over a fourteen-year period; the models figures
for output, prices, and other variables closely
matched real statistics. The models value in policy
terms, however, proved less clearcut. Norton
and Rhee performed simulations in which, keeping
long-term factors constant, they tried to pinpoint
the effect of short-term policy changes.
Their model indicated that rising prices for
imported oil would increase inflation; reducing
exports by five percent would lower Gross
Domestic Product and increase inflation; and
slowing the growth of the money supply would
result in slightly higher inflation.
These findings are somewhat startling.
Many economists have argued that reducing
exports will lessen, not increase, inflation. And
while most view escalating oil costs as inflationary,
few would think the same of slower monetary
growth. The Norton-Rhee model can perhaps be
viewed as indicating the pitfalls of a formalist
approach that stresses statistical goodness of
fit at the expense of genuine policy relevance.
Q.16 The author is primarily concerned with
(A) proposing a new type of economic
analysis
(B) criticizing an overly formal economic model
(C) advocating the use of statistical models in
determining economic policy
(D) suggesting an explanation for Korean
inflation
(E) determining the accuracy of Norton and
Rhees analysis
customer accounts
etc
Q.58 Money in accounts is Bank's?
Asset
Liabilty
etc
Q.59 Pak recently signed 18 agreements with which european country?
belgium
finland
italy
Belarus
Q.60 Average cost of 5 apples and 4 mangoes is Rs. 36. The average cost of 7 apples and 8 mangoes is Rs. 48. Find
the total cost of 24 apples and 24 mangoes.
1044
2088
720
32
Q.61 Damaged notes are called ?
Q.62 FOREX reserves?
Q.63 First embassy in Pakistan?
Q.64 Money deposited in banks?
Q.65 SBP policy of clean note?
Q.66 Pakistan China friendship coin?
Q.67 Reason of narrowing down current a/c deficit EXCEPT ?