Paper of BP-BSC 5th batch for OG-2 .

(YPIP)2015 Compiled by Abrar Ahmed Khan

Reading Comprehension

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
Ex-
The 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 model’s figures
for output, prices, and other variables closely
matched real statistics. The model’s 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
Rhee’s analysis
Q.17 The author mentions “a fourteen-year period”
(line 6) in order to
(A) indicate how far into the future Norton and
Rhee’s model can make accurate
predictions
(B) acknowledge the accuracy of Norton and
Rhee’s model in accounting for past
events
(C) explain the effect of reducing exports on
inflation
(D) demonstrate the startling nature of Norton
and Rhee’s findings
(E) expose the flaws in Norton and Rhee’s
model

Q.18 The most significant criticism leveled against

Norton and Rhee’s model is that it
(A) excludes key statistical variables
(B) is too abstract to be useful in policy
making
(C) fails to adjust for Korea’s high rate of
inflation
(D) underestimates the importance of
economic growth
(E) fails to consider the effect of short-term
variations in the economy

Q.19 It can be inferred that the most surprising finding

of the Norton-Rhee study is that
(A) reducing exports would reduce inflation
(B) high oil prices worsen inflation
(C) an increase in exports can slow the rate of
growth
(D) slower monetary expansion would worsen
inflation
(E) long-term factors do not affect economic
growth

Q.20 What is current inflation rate?

Q.21 What is current agricultural growth?
Meanings:-

Q.22 delinquent
Q.23 cashback
Q.24 overdraft
Q.25 collateral
Q.26 ijarah in islamic banking

Q.27 Currency of China?

Q.28 Third largest city of Pak? Fsl
Q.29 sindh mountain range? Kirthar
Q.30 SBP issued coin in friendship with china?
Q.31 China pak economic corridor connects? Gwadar to xinjiang
Q.32 Relationship of banker and customer is called?
Q.33 not the function of SBP?
Q.34 banking compliance means?
Q.35 HSBC merged into?
Q.36 Bank which functions internationally from Pak is called?
Q.37 Cheque used by man travelling?
Q.38 Functions of cashier?
Q.39 Chief compliance officer reports direct to?
19. 100-200 how many 1s?

Q.40 Police ______ stolen property back to owner

turned down
turned up
turned to
Q.41 I couldnot _______ anything from his conversation
make up
make out
make to
Q.42 Minister speech was _______
much long
very long
far too long
long far
Q.43 He _________
doesnt work anymore here
doesnt work here any longer
doesnt work here anymore

Q.44 He has alot of work to do because

_________ to theater last night
He shouldnot have gone
he didnt go
Q.45 We didnot enjoy party
____________
we didnot also
neither we did
we also didnot

Q.46 Father didnot invite us

because house was _______
smaller
too small
very small

Q.47 Senior judge doesnt jump __ conclusions

on
at
to

Q.48 Shuttle carries workers and has 7 stops....half board off at every stop...and 1 board off at last...how many total
workers???
Q.49 Complete series YZ,EF,KL,QR,__???
Q.50 32 workers can do a work in 12 days working daily 6 hours...how many days required by 39 workers to do
working daily for 5 hours???

Q.51 An individual/firm foreign account in bank is called?

Q.52 Pakistan Literacy rate ?

Q.52 Agriculture growth?

Q.53 Which country ha Biggest Foreign Reserverves in world?

Q.54 Mobile banking includes all except

Billing info
withdrawal
cancellation of direct debit
sharing

Q.55 Used soft notes are called?

forged notes
counterfeit notes
defective notes

Q.56 SBP's deptt dealing in clean notes is called?

clean notes monitoring
notes policy
clean notes policy (Don't know)

Q.57 -Banks functions exclude

maintaining MIS
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 ?