OICLSpecialistOfficerFinanceExam2015QuestionPaper Related Question Answers
2.
One World Trade Centre is viewed as a statement of hope, a marvel of persistence and a miracle of logistics. As years passed after the tragedy at the site at which it was since constructed and the delays kept mounting. Americans began to _____1_____ what’s taking so long ? Have we lost the capacity to rebuild ? The answer in part was the sheer _____2_____ of the project – 10000 workers at-tempting one of the most difficult construction projects ever in one of the most densely populated cities on Earth _____3_____ the funds allotted for the project were estimated as $ 1.5 billion when he design was unveiled but the price tag just kept going up. Other _____4_____ included the weather in the harsh sun of summer the steel beams could reach temperatures that were not enough to singe skin added to which a hurricane _____5_____ the construction site. The monument may not be all things to all people, but its completion signifies that ambition coupled with determination of people in the face of odds is intact and will always win the day.(1)
11.
In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.If China’s state owned commercial banks seem burdened by bad debts, the country’s rural financial sector is even worse. In the villages, the only formal banking institutions are what are known as rural credit co-operatives. These ___(1)___the distinction in China of having been officially declared insolvent. The rural credit co-operatives are ill named. They are often reluctant to___(2)___ and they are not run as cooperatives as they do not ___(3)___ any profits and their customers have no say in their operations. Until 1996, they were offshoots of the Agricultural Bank of China.. Since then they have been ___(4)___by the Central Bank, though they are in reality run by county governments. Even the word ‘rural’ is misleading. ___(5)___ of their deposits are sucked up and put in the urban banking system. Farmers usually find it easier to ___(6)___ from friends or relatives or black market moneylenders. Yet the co-operatives remain a big part of China’s financial system. Last year, they___(7)___1 for 12 percent of deposits and 11 percent of loans. In recent years, commercial banks (in eluding the Agricultural bank) have closed down___(8)___in the countryside. Yet some 40,000 credit co-operatives remain in place with one in almost every township (as the larger villages or smaller) rural loans are___(9)___. If as the government claims, the credit co-operatives are beginning to turn a profit after six years of losses, it is not because they are any better run. In an effort to ___(10)
___ a stagnant rural economy, the central bank has pumped more than $9 billion into them hoping that they will lend more to farmers. But the root causes of their problems remain and the real solution may have to involve a mix of approaches from commercial banking to real cooperatives.(10)
15. According to a recent report from the World Bank, the world’s largest urban area in both size and population is____.
19. The recently launched ‘MUORA Bank’ will provide loans to small entrepreneurs including shopkeepers and beauty parlour owners of up to the maximum amount of ____.
23. The group of three Himalayan Mountain peaks of western Kumaun which forms the southwest corner of the ring of peaks enclosing the Nanda Devi Sanctuary, is known ____.
24. As per the recent amendments to the Insurance Act, a policy of life Insurance cannot he wiled in question on any ground whatsoever after the expiry of_______ from the date of issuance of the policy.
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