Practice Mock Test - 01

Read the passage carefully and answer the questions given below it. Certain words/phrases
have been given in bold to help you locate them while answering some of the questions. The fine weather for entrepreneurship is one thing in common between the world's two largest countries.

Yet the emerging business economy in China and India present several contrasts, the most obvious one being the
markets that the startups target. While many Indian startups target overseas markets, for Chinese entrepreneurs the market is at home. Trailblazers like Alibaba and Tencent are shaped by fierce local competition, a uniq brand of innovation, and an ambitious government.

"More than 99 per cent of Chinese entrepreneurs only bear in mind Chinese consumers," said Ben Jiang, author of Web Behind the Wall, a guide for foreign companies looking to enter China. Out of 60 companies hosted by Chin accelerator, top accelerator in China, 80 per cent are focused on the Chinese market. Only when they succeed at home do China's entrepreneurs look outside the country's borders. This home-first strategy has proven to be especially successful- 109 Chinese companies are now listed on Nasdaq or the New York Stock Exchange.

This is in stark contrast to India's technology entrepreneurs, many of whom start by conceptualising and designing offerings that target developed markets in the US and Europe and now even South East Asia. "Many companies have begun spending time regularly in the US and some have crossed-the chasm," expressed Pankaj Jain, venture partner at 500 Startups. The result of this strategy also offers a stark contrast to the Chinese experience - just eight Indian technology companies are listed on US exchanges, although as many as 800 startups are launched every year. Investors are of the view this may change soon in India too, as consumer internet companies that sell to Indians emerge as the country's most valuable startups.

"The tipping point for India will be when the domestic consumption market really takes off, (as) the Chinese market took off ten years ago," said Victor Leung. The Menlo Park-based KPCB has offices in Beijing and Shanghai but none in India.

Where India prides itself on its ingenious jugaad methods, China has shanzhai - or the simple act of copying existing products and services in the market. Localised versions of foreign internet brands dominate the Chinese market - Renren for Facebook, Sina Weibo for Twitter. In an infamous example, the Apple logo and trademark were registered by a local Chinese company before Apple reached the country.

And at the height of the cloning craze, it i said that there were more than 5,000 Group on copycats in China. But local companies are not immune to the shanzhai attack either. Venture capitalists remark that in China, if' an entrepreneur pitches an idea to an interested investor or partner at lO am, three spinoffs would be created by the time the clock hits 2pm on the same day. "In this environment, if a company does well, they are staying ahead of imitators and outrunning them," said Steven White.

Despite being guarded by the "Great Farewell of China", Chinese ventures do not enjoy undue advantage provided by the government. For sure, the likes of' Google, Twitter, Facebook, and most recently Instagram are all inacessible in China. But this does not necessarily benefit local mimickers. "Many private exchanges on controversial topics within local messaging platform We Chat are censored as well," said Jiang. "The government is not actually trying to impede the growth of startups here unless social politics are compromised."

Those looking to build products for the Chinese market also soon realise they have to customise it to suit local tastes. "(This) automatically adds to costs," said Mohan Kumar, executive director of Norwest Venture Partners in India.

In a country where only 0.73 per cent of the population speaks English (around one crore people, compared to 12.5 crore in India), corporations from abroad must master the notoriously difficult Chinese language in order to compete- an almost impossible feat for non-native speakers that Facebook's Mark Zuckerberg is devoting time to daily.

Foreign entrants from Ever note and Linkedln to India's Infosys have coped by going local. "We needed someone local to enter negotiations, so we hired a CEO from China," said Vineet Toshniwal, former head of Infosys Greater China.

Where China scores is in the unstinted support it offers entrepreneurs - things happen because of the government. While in India, things happen despite the government.

The number of new companies established has become a performance metric for both city and regional governments. It takes around a month to incorporate a business, and often the state offers seed funding of at least RMB 100000 ($16,2501 ~ 10 lakh).

'All over China, even in small. and medium cities, local governments are nurturing science parks to encourage software development, while providing incentives in tax, research, and investment," said Pat Chan, founder of seven year old lOT company Borqs.

Borqs also has a 300-strong research and development centre in Bangalore. "The Indian government is really quite

behind in incentivising the high-tech industry in comparison," said Chan.

51. How are Chinese entrepreneurs different from India's technology entrepreneurs? Answer in the context of the passage.

(A) About four-fifths of Chin accelerator focus only on the Chinese market whereas entire gamut of India's entrepreneurs focus on the markets of neighbouring countries.

(B) Chinese entrepreneurs look outside the country's borders when they succeed at home whereas India's technology entrepreneurs find their products not suitable for foreign markets.

(C) More than'99% Chinese entrepreneurs focus only on Chinese consumers whereas India's technology entrepreneurs design and develop their products for markets in the US, Europe and South-East Asia.

I) Only (A)
2) Only (B)
3) Only (C)
4) Only (A) and (B)
5) Only (B) and (C)
52. Find the correct statement(s) in respect of the market targets of China and Indian startups.

(A) China being one of the largest economies of the world, startups over there target overseas markets.

(B) A large number of Indian startups target overseas markets.

(C) China is such a big market as startups over there target the markets of their own country only.

I) Only (A) and (B)
2) Only (B) and (C)
3) Only (A) and (C)
4) All (A), (B) and (C)
5) Only (B)
53. Why do trailblazers like Alibaba and Tencent come into being?
I) Trailblazers Like Alibaba and Tencent come into being as a result of government pressure to do something different to attract the vast majority of customers.

2) Trailblazers Like Alibaba and Tencent come into being as a result of their innovative products.

3) Trailblazers like Alibaba and Tencent come into being as a result of fierce local competition.

4) Only I) and 2)

5) Only 2) and 3)

54. Which of the following statements is incorrect in the context of the given passage?
1) The number of Indian technology companies listed on US Exchanges is very few in comparison to that of Chinese companies.

2) Web Behind the Wall provides guidance to foreign companies looking to enter China.

3) Twitter and Facebook are not allowed to provide their services in China.

4) KPCB based in Menlo Park has its offices both in Beijing and in India.

5) None of these

55. What fundamental methods does China adopt for developing consumer products in huge quantity?
I) It creates pressure on its research and development wing for developing entirely new and better products.

2) Like India, it also believes in jugaad methods of developing products.

3) It believes in the simple methods of copying existing products and services in the market.

4) It believes in the methods of just renaming the existing products and services in the market.

5) None of these

56. What, according to the passage, is necessary for the non-native entrepreneurs to compete in the Chinese market?

(A) It is necessary for the non-native entrepreneurs to . master their technological advancements in order to compete with Chinese market.

(B) It is necessary for the non-native entrepreneurs to ensure providence of incentives from their own government so that the infrastructural blockage does not become a problem.

(C) It is necessary for the non-native entrepreneurs to master the Chinese language in order to compete with the Chinese market.

1) Only (A)
2) Only (B)
3) Only (A) and (B)
4) Only (B) and (C)
5) Only (C)
57. What is the line of difference between Indian and Chinese Government towards their entrepreneurs?

(A) The Indian government focuses on foreign investment while the Chinese government focuses. more on investment at home.

(B) The Indian government feels no problem at drainage of entrepreneurs to the US and the UK while the Chinese government ensures that its indigenous entrepreneurs remain at home and spread businesses afar.

(C) The Indian government lags behind in offering incentives and full support to its entrepreneurs, while the Chinse government provides full support and encouragement to its entrepreneurs.

I) Only (A)
2) Only (B)
3) Only (C)
4) Only (A) and (B)
5) Only (8) and (C)
58. What are the steps taken by the Chinese government to improve the performance metric of companies?
I) The local government helps in nurturing science parks to encourage software development
2) Providence of incentives in tax and investment.
3) The state offers seed funding to the startup entrepreneurs.
4) Emphasis on research
5) All the above
59. What, according to the passage, is the major lacuna in Indian government when it comes to entrepreneurship?
Answer in the context of the passage.
I) Lack of incentives in high-tech industry
2) Lack of software development
3) Lack of skilled labourers
4) Lack of foreign investment
5) None of the above

Directions (Q. 60-62): Choose the word/group of words which is MOST SIMILAR in meaning to the word/group of words printed in bold as used in the passage.

60. Fierce
1) indifferent
2) weak
3) mild
4) real
5) intense
61. Stark
1) absolute
2) indefinite
3) entire
4) patent
5) pure
62. Feat
1) forfeit
2) passivity
3) achievement
4) rest
5) surrender

Directions (Q. 63-65): Choose the word/group of words which is MOST OPPOSITE in meaning of the word/group of words printed in bold as used in the passage.

63. Immune
1) resistant
2) susceptible
3) protected
4) exempt
5) safe
64. Impede
1) curb
2) deter
3) oppose
4) expedite
5) stop
65. Unstinted
1) heavy
2) little
3) ample
4) bountiful
5) generous

Each question below has two blanks, each blank indicating that something has been omitted. Choose the set of words for each blank that best fits the meaning of the sentence as a whole.

66. The RBI the public against getting taken in by unscrupulous entities multi-level marketing (MLM) Schemes that promise high returns.
1) alerted, marketing
2) warned, soliciting
3) urged, mongering
4) cautioned, peddling
5) summoned, trading
67. Although the banks have till date issued 8.4 crore RuPay cards for over 10 crore Jan Dhan accounts, they do not want to the death benefit for the life cover.
1) accept, debt
2) claim, statement
3) foot, bill
4) settle, insurance
5) grant, scheme
68. Narendra Modi's 'NITI Aayog', the body which ____ the 'Yojana Aayog', will have a three-tiered ____ headed by the Prime Minister.
1) replaces, structure
2) oust, complex
3) succeed, format
4) takeover, texture
5) redeem, frame
69). The Delhi government has decided to continue with the ban on Uber and has asked it to fulfill the conditions of taxi operations in the national capital before seeking ________of ________action.
1) abrogation, beneficial
2) repudiation, correctional
3) retraction, retaliatory
4) cancellation, rewarding
5) revocation, punitive
70. It may be a new year for the job market, with India Inc planning to create close to 10 lakh new jobs and out pay hikes of up to 40 per cent for best performers in 2015.
1) fruitful, knock
2) bumper, dole
3) super, put
4) prodigal, take
5) happy, set

Read each sentence to find out whether there is any grammatical or idiomatic error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is No error', the answer is 5). (Ignore errors of punctuation, if any.)

1) The orally transmitted Arabic tales were popular
2) as early the 10th country, and
3) through centuries of accretion and framing, gained
4) their current form around 1450.
5) No error

Replace 'as early' with 'as early as'

1) The greatest joy in publishing a new magazine
2) over four decades has been to
3) observe the ebb or flow of history
4) accompanied by political tsunamis.
5) No error

Replace 'or' with 'and'

1) After 25 years, we have a single
2) party in power with
3) a clear majority and a
4) mandate of development.
5) No error

Replace 'of' with 'for'

1) Answer to our population problems
2) lies in education and not in coercive and criminal sterilisation
3) drives with unrealistic targets and
4) hard-to-resist monetary incentives.
5) No error

Add 'The' before 'answer'

1) The Arabian Nights - with stories such as Ali Baba, Aladdin and Sinbad the Sailor -
2) are an important cultural artifact,
3) and played a role in forming
4) western assumption of the exotic east.
5) No error

Replace 'are' with 'is'

1) Extending an invitation to the President of the US
2) for the Republic Day barely a month after Modi's visit
3) to the Big Apple puts strengthening of ties
4) among the world's two biggest democracies firmly on track.
5) No error

Replace 'among' with 'between'

1) Hopefully, this last order of the apex court 1
2) will help in bringing a speedy closure to the case
3) and sound out politicians and bureaucrats
4) against interfering in CBI investigations.
5) No error

Replace 'last' with 'latest'

1) Among the many things that Japanese novelist Haruki Murakami talks
2) about when he talks about running is a brief treatise
3) that captures both the audacity of youth
4) as well as the optimism that comes with dexterity.
5) No error

Replace 'as well as' with 'and'

1) Young Indians pursuing different goals in varied arenas
2) are thinking differently, creating new business models
3) and influence our life and times more comprehensively
4) than at any time in our history.
5) No error

Replace 'influence' with 'influencing'

1) It is tough to single from a couple of names
2) from among a large number of dedicated and hard-working leaders
3) who have shown the potential to hold
4) the party in good stead in the future.
5) No error

Replace 'from' with 'out'

1) Though several of his young colleagues lost
2) the 2014 Sabha polls, he won
3) convincingly, thereby showing
4) his connect with the grassroots.
5) No error
1) Over the next decade India
2) can prove its potential to
3) the world and break the perception of
4) having a land of unfulfilled promises.
5) No error

Replace 'having' with 'being'

1) Not all economists, no matter how successful
2) within the narrow confines of the field,
3) has the gift of being able to communicate
4) their ideas to a wider audience from a variety of fields.
5) No error

Replace 'has' with 'have'

1) India will need a mission-like
2) focus on quality of skill
3) and education not to squander
4) its demographic dividend.
5) No error

Replace 'not' with 'to not'

1) Modi has surprised many by investing considerable political capital
2) in high-powered diplomacy as early in his term,
3) even though he came to office
4) with little foreign policy experience.
5) No error

Replace 'as' with 'so'

Rearrange the following six sentences (A), (B), (C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.

(A) Such rights and obligations under the special relationship are mandates and power of attorney.

(B) These have been vested by the law of the country.

(C) The account holder is authorised to operate the account through a third person, in addition to himself, by suitable authority for one-time basis and/or also for various functions through a power of attorney.

(D) There are various rights of a banker.

(E) Such power of attorney is either general or special in nature.

(F) Along with the rights, there are certain obligations too which a banker is required to fulfill.

86. Which of the following should be the FIRST sentence after rearrangement?
1) E
2) D
3) F
4) B
5) C
87. Which of the following should be the SECOND sentence after rearrangement?
1) A
2) C
3) B
4) D
5) E
88. Which of the following should be the THIRD sentence after rearrangement?
1) C
2) E
3) A
4) F
5) B
89. Which of the following should be the FOURTH sentence after rearrangement?
1) A
2) B
3) C
4) E
5) F
90. Which of the following should be the LAST (SIXTH) sentence after rearrangement?
1) B
2) F
3) D
4) A
5) E

In the following passage, some of the words have been left out, each of which is indicated by a number. Find the suitable word from the options given against each number and fill up the blanks with appropriate words to make the paragraph meaningfully complete.

The Ordinance to raise the foreign capital cap in insurance from 26% to 49% is not the best way to do it, as it (91) the parliamentary (92). Presumably, however, US President Barack Obama's visit explains the government's tearing hurry. New Delhi wants to show that it is resolute in (93) reform. However, it would be naive to expect that foreign investors will rush to raise their (94) in Indian joint ventures and infuse more funds in the sector that needs lots of capital to grow. Investors want certainty in law. Foreign partners will (95) and watch to see how things pan out as an Ordinance is a stopgap arrangement. Eventually parliament must approve the law.

The NDA does not have a majority in the Rajya Sabha and the Opposition must cooperate for the numbers to stack up. It has been irresponsible, just as the BIP had been, when it refused to cooperate (96) the UPA government to push this reform it had first (97). But that's not an excuse for the Opposition to now (98) the Bill. The select committee has already (99) the amendments to the insurance law. The Congress should support its passage, more so because the NDA is only continuing with many policy (100) of the UPA.

1) hoodwinks
2) circumvents
3) encourages
4) helps
5) evades
1) inaction
2) procedure
3) method
4) process
5) growth
1) effective
2) hasty
3) pushing
4) aggressive
5) presuming
1) stakes
2) profits
3) risks
4) roles
5) goals
1) think
2) stop
3) stay
4) halt
5) wait
1) to
2) with
3) for
4) upon
5) along
1) expected
2) submitted
3) intended
4) proposed
5) pressed
1) chunk
2) foot
3) block
4) precede
5) intercept
1) vetted
2) scanned
3) perused
4) weighed
5) audited
1) drives
2) dynamism
3) leadership
4) actions
5) initiatives