General English Practice Question and Answer

Q:

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options.

AU Small Finance Bank Limited is an Indian Small Finance Bank, based in Jaipur, India. It was founded as vehicle finance company AU Financiers (India) Ltd. in 1996 and converted to a small finance bank on April 19, 2017.

AU Small Finance Bank serves low and middle-income individuals and micro and small businesses that have limited or no access to formal banking and finance channels. The Bank offers loans, deposits, and payment products and services. AU Small Finance Bank ranked 355 in the list of Fortune India 500 (2019) companies, with annual revenue of 3410.87 crore (US$427 million) and Total B/S Assets of 31198.68 crore (US$ 3.9 billion).

AU Bank enjoys a long-term credit rating of "AA-/Stable" from CRISIL Ratings, ICRA Ratings, India Ratings and CARE Ratings.

The company was founded by Sanjay Agarwal (Managing Director and CEO of AU Small Finance Bank) as a private limited company, and publicly listed in an IPO on June 29, 2017. A merit holder Chartered Accountant and a first-generation entrepreneur, he holds ~ 28.5% stake in the bank. He is supported by a team of 23486 employees.

AU Small Finance Bank is listed on NSE and BSE with a market capitalisation of ~ 37942 crore. On its first day of trading, the stock rose 51% to be the most expensive bank in India based on price-to-book. In November 2017, the Reserve Bank of India added the bank to its schedule of commercial banks, further improving the bank's growth prospects by reducing the cost of short-term funds and improving the bank's ability to provide services.

Over the years, the Bank has attracted marquee investors like IFC, Warburg Pincus, Temasek Holdings, Nomura, Kotak Mahindra MF, etc. Private equity companies that provided venture capital, including Warburg Pincus and International Finance Corporation, made partial exits for as much as nine times their original investment.

Due to its history as a vehicle finance company, as of March 2018 almost all the loans made by AU Small Finance Bank were secured, unlike most small finance banks that have unsecured loans due to their background in microfinance. This provides lower yields (lower interest rates) than unsecured loans, so the bank has been particularly active in growing its deposits, as bank deposits have a lower cost than other sources of funds. It has also sought to diversify into savings products like deposits, payment/transaction banking, distribution of third-party products, and additional loan products thereby positioning itself as a holistic financial products and services provider.

As on June 30, 2021, AU Small Finance Bank's distribution network............... 758 Banking Touchpoints and 23486 employees spread contiguously across 15 states and two Union Territories with over 2 million customers.

The bank has operations in 15 States and two Union Territories, with Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh being key states. It is one of the largest banks by a number of locations in its home state of Rajasthan.

Where is the headquarters of AU Small Finance Bank?

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  • 1
    Ahmedabad
    Correct
    Wrong
  • 2
    Jaipur
    Correct
    Wrong
  • 3
    Mumbai
    Correct
    Wrong
  • 4
    Delhi
    Correct
    Wrong
  • 5
    Bangalore
    Correct
    Wrong
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Answer : 2. "Jaipur"

Q:

Directions: The following question has four different sentences. Select the most preferable sentence with respect to grammar, meaning, and usage. If all four sentences are correct or all of them are incorrect, mark option 5" as your answer.

Select the most appropriate sentence with respect to grammar and usage.

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  • 1
    Around 64 per cent of land used for agriculture so food crops is at risk of pesticide pollution
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    Wrong
  • 2
    An erratic monsoon season can damage the economy and affect agricultural practices
    Correct
    Wrong
  • 3
    The intensity of cyclones and hurricanes might increased in the next century due to global warming
    Correct
    Wrong
  • 4
    Robotics develop machines that can substitute for humans and replicate human actions
    Correct
    Wrong
  • 5
    None of the above
    Correct
    Wrong
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Answer : 2. "An erratic monsoon season can damage the economy and affect agricultural practices"

Q:

Directions: The following question has four different sentences. Select the most preferable sentence with respect to grammar, meaning, and usage. If all four sentences are correct or all of them are incorrect, mark option 5" as your answer.

Option

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    My bike that has a broken seat is in the garage.
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    Wrong
  • 2
    Older people who are unfamiliar with computer technology often have an aversion to it.
    Correct
    Wrong
  • 3
    Pierre turned away with repugnance, and closing his eyes quickly fell back on the carriage seat.
    Correct
    Wrong
  • 4
    I like that sweater; however, it only comes in one colour.
    Correct
    Wrong
  • 5
    All are correct.
    Correct
    Wrong
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Answer : 5. "All are correct."

Q:

Directions: The following question has four different sentences. Select the most preferable sentence with respect to grammar, meaning, and usage. If all four sentences are correct or all of them are incorrect, mark option 5" as your answer.

Option

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    He was dressed in black, and had a very pleasant face.
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    Wrong
  • 2
    He, therefore, put the finances in the best order he could, and set himself to mitigate the evil effects to the war by obtaining an early peace.
    Correct
    Wrong
  • 3
    I've have a miserable cold for the past week.
    Correct
    Wrong
  • 4
    They're afraid which we might aggravate an already bad situation.
    Correct
    Wrong
  • 5
    All are incorrect
    Correct
    Wrong
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Answer : 1. " He was dressed in black, and had a very pleasant face. "

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