Page 5 - Digi Notes :ENG- 17.03.2016
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PARAGRAPH VOCABULARY
READ AND TRY TO FIND THE MEANING OF THE WORDS IN BOLD YOURSELF LET’S SEE WHO
REALLY WANTS TO STUDY!
HINT: TAKE HELP OF YOUR FACULTIES
No doubt, the banking system remains out of bounds for far too many underprivileged sections. However, oftentimes this fact
has been conveniently used to perpetuate the government’s hold over the banking system. Reducing its financial stake in
state-owned banks can, at best, help fill the coffers of the government. It does not, however, unburden the government of the
problem of conflict of interest. History is replete with instances of subtle and not-so-subtle interference by the government in
the banking system, resulting in decisions based on partisan, populist or simply expedient considerations.
If the zero-interference assurance given by Mr. Jaitley has to have any meaningful and practical implication, the government
would do well to at least reconfigure its financial stake in the banking industry. This could be done by ring-fencing the
government’s equity stakes in banks by transferring its shares into an independent, professionally-managed holding company.
In an integrated global environment, financial decision-making has become an increasingly complex process involving very
many dynamic imponderables. Given that fact, banks will be well-served if they are allowed to carry on their businesses
without somebody interfering in their work time and again. The circumstances are currently ideal for Mr. Jaitley to break new
ground in the banking field.
Answers:
ANS 1: (3) The problem, however, lies in delivering on them.
ANS 2: (4) That one near-term opportunity to walk the talk.
ANS 3: (2) Appears to be acutely aware that time is ticking away.
Ans 4: (5) No improvement required.
Ans 5: (3) In crisis at the moment with bank after bank, especially the government-owned ones, reporting hefty losses.
Ans 6: (2) Desperately needs to be pulled permanently away from the legacy elements that have played.
Ans 7: (1) Is committed to zero interference and letting the institutions run professionally.
www.mahendraguru.com
PARAGRAPH VOCABULARY
READ AND TRY TO FIND THE MEANING OF THE WORDS IN BOLD YOURSELF LET’S SEE WHO
REALLY WANTS TO STUDY!
HINT: TAKE HELP OF YOUR FACULTIES
No doubt, the banking system remains out of bounds for far too many underprivileged sections. However, oftentimes this fact
has been conveniently used to perpetuate the government’s hold over the banking system. Reducing its financial stake in
state-owned banks can, at best, help fill the coffers of the government. It does not, however, unburden the government of the
problem of conflict of interest. History is replete with instances of subtle and not-so-subtle interference by the government in
the banking system, resulting in decisions based on partisan, populist or simply expedient considerations.
If the zero-interference assurance given by Mr. Jaitley has to have any meaningful and practical implication, the government
would do well to at least reconfigure its financial stake in the banking industry. This could be done by ring-fencing the
government’s equity stakes in banks by transferring its shares into an independent, professionally-managed holding company.
In an integrated global environment, financial decision-making has become an increasingly complex process involving very
many dynamic imponderables. Given that fact, banks will be well-served if they are allowed to carry on their businesses
without somebody interfering in their work time and again. The circumstances are currently ideal for Mr. Jaitley to break new
ground in the banking field.
Answers:
ANS 1: (3) The problem, however, lies in delivering on them.
ANS 2: (4) That one near-term opportunity to walk the talk.
ANS 3: (2) Appears to be acutely aware that time is ticking away.
Ans 4: (5) No improvement required.
Ans 5: (3) In crisis at the moment with bank after bank, especially the government-owned ones, reporting hefty losses.
Ans 6: (2) Desperately needs to be pulled permanently away from the legacy elements that have played.
Ans 7: (1) Is committed to zero interference and letting the institutions run professionally.
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