Direction(1-5): Read the following passage carefully and answer the questions given below it.

When Afghan lawmakers were debating rules of conduct for accountants, some were confounded by their strictness. Why should those found guilty of murder, asked one member of parliament, be struck off? That is a sign of the challenges facing the professional body for bean-counters, Certified Professional Accountants (CPA) Afghanistan, which was launched last month. Attempts to establish a home-grown profession start from a low base. Back in 2009 Kabul, a city of around 4m, had fewer than 20 qualified accountants. Neither standards nor oversight for the profession were in place. Most local outfits were branches of firms from elsewhere in South Asia or farther afield. Boring old accountancy might not seem a priority for a war-torn country. But in business it can foster trust and transparency—scarce commodities in a country where corruption is systemic. Because of the difficulty of verifying borrowers’ financial positions and valuing their collateral, banks are extremely reluctant to lend to the private sector; credit amounted to only 3% of GDP as of August. The need for formal records, along with high interest rates, deter smaller firms from approaching banks altogether; in turn, they remain locked into the informal sector. Financial accounts prepared or audited by accountants could help to break that cycle.

Accounting norms could also ease the entry of foreign investors—which is why Muhammad Zarif Ludin, the chief executive of the CPA, wants to adopt international standards. Mr Ludin developed CPA Afghanistan as part of a World Bank-funded project, which is also tackling the shortage of accountants by offering scholarships to those studying for international qualifications. So far, more than 1,000 people have begun the process of qualifying—around a third of them women. That is encouraging in a country where less than a fifth of women over the age of 15 are in the workforce. The potential gains are large, but will the budding profession thrive in a harsh climate? As lawmakers’ attitudes suggest, establishing an accounting culture will take time. So far, though, demand has more than kept up with the supply of new accountants, says Mr Ludin, with interest from charities, government and big business in Kabul. If bean-counters do indeed manage to make access to funds easier and cheaper, then they might make a killing of their own in the local market.

1. What types of challenges Certified Professional Accountants Afghanistan are facing?

  1. Strictness in the rules of conduct for accountants.
  2. Less scope for the accountants in Afghanistan.
  3. Number of hurdles is increasing in the way of accountants.

2. What is true regarding the passage ?

  1. Earlier there were very less accountants in Kabul.
  2. Mostly accounts firm were from other countries.
  3. Main reason for less accountants were political instability in Afghanistan

3. Why author said that accountancy might not be a priority?

  1. Because author sees their less scope of accountancy.
  2. Because Afghanistan is a war-torn country.
  3. Because author sees the lack of accountant in Afghanistan.

4. What is true regarding Muhammad Zarif Ludin?

  1. He want the ease in the entry of foreign investor in Afghanistan.
  2. He want to adopt international standard of accounting norms.
  3. He wanted that more foreign accounting firm come in Afghanistan.

5. Why author concludes that accounting culture will take time in Afghanistan?

  1. Because lawmaker’s attitude doesn’t suggest a friendly environment.
  2. Due to less number of accountants.
  3. Due to lack of interest of government in policy making for accountants.

Directions (6-10): Read the following passage carefully and answer the questions given below it.

“The horse may be out of the proverbial barn.” So wrote Ben Bernanke, a former chairman of the Federal Reserve, in early 2016, arguing that capital controls might be powerless to save China from a run on its currency. He was far from alone at the time. As cash rushed out of the country, analysts debated whether the yuan would collapse, and some hedge funds bet that day was coming fast. But two years on, the horse is back in the barn: the government’s defence of the yuan has succeeded, in part through tighter capital controls. The latest evidence was an 11th consecutive monthly increase in foreign-exchange reserves in December. During that time China’s stockpile of official reserves, the world’s biggest, climbed by $142bn, reaching $3.14trn, roughly double the cushion usually regarded as needed to ensure financial stability. Another sign of China’s success is the yuan itself. At the start of 2017 the consensus of forecasters was that the currency would continue to weaken; it finished the year up by 6% against the dollar. Investors and analysts were not wrong in viewing Chinese capital controls as porous. Enterprising types had—and have—umpteen ways to sneak money out, from overpaying for imports to smuggling cash across the border in luggage. But there is a wide spectrum between a fully open and fully closed capital account, and China has showed over the past year that it can tilt towards closure, at least for a time. Its measures were directed at actors big and small. Under more scrutiny from regulators, China’s overseas acquisitions fell by more than a third, to $140bn last year. Individuals were still permitted to convert up to $50,000 a year, but they faced heavier disclosure burdens. The government is in no hurry to relax these controls: a new, lower ceiling on withdrawals from ATMs abroad went into effect on January 1st.

Also crucial to China’s defence of the yuan was an economic rebound. Housing prices soared and industrial firms’ profits rose by 20% last year on the back of higher commodity prices. Here, Mr Bernanke can claim some vindication: in looking at China’s options in 2016, he had suggested that a fiscal boost would support growth and so help keep cash at home. An unconventional policy mix—investment in low-income housing and closure of excess industrial capacity—did the trick. China had a stroke of good luck, too. Many had thought that Donald Trump’s presidency would initially add to dollar strength, which might have pulled cash away from China. But America’s political muddle instead weighed on the dollar. Not only did that boost the relative allure of Chinese assets, it also made its foreign-exchange reserves look more valuable in dollar terms, because roughly a third are held in other currencies. Over the past year, true inflows accounted for just about a third of the rise in China’s reserves; valuation changes explained the rest. Other Asian economies with hefty foreign-currency reserves, from Japan to Taiwan, reaped similar gains. As America cuts taxes and raises interest rates, the dollar may soon perk up. But China has less cause for concern than in 2016. Capital controls have reinforced the bolts on its barn door. And with growth holding up, the horse inside is well-fed.

6. According to the passage what is true about Ben Bernanke?

  1. According to him China will loose the battle to save the Yuan.
  2. He was the only person who commented in against of China’s capital control.
  3. His prediction about China’s capital control proved wrong.

7. Why author argued that analysis become false of China’s capital control?

  1. Due to regular increase in foreign exchange reserves.
  2. China’s financial reserve is more than the total financial reserve needed for financial stability.
  3. Because Mr. Ben Bernanke is not agreeing with the views of analyst.

8. What types of capital control steps China took?

  1. Reduction in the smuggling of the cash.
  2. Reduction in the ceiling of withdrawal from ATMs abroad.
  3. Relaxation in the disclosure of financial statement.

9. What are true regarding the passage?

  1. Increase in the housing price helped China for capital control.
  2. Industrial capacity reduced if it is in excess for capital control.
  3. Excess industrial capacity is result of capital control.

10. Why author said that a luck factor also work for China’s capital control?

  1. Due to American political muddle China’s foreign reserves look more valuable in dollar terms.
  2. Because Donald Trump elected as a US president.
  3. Sudden inflows of cash helped China’s a lot.
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60

171 thoughts on “Reading Comprehension for Bank Exams, MBA, SSC and other exams”

  2. KSHITIJA Mishra

    Content relevant for rrb po
    Level and structure is same as banking exams ask for.
    Heartily thanks to the hardworking team who provided this content😊 🙏😇

  3. Kshitija Mishra

    Content relevant for rrb po
    Level and structure is same as banking exams ask for.
    Heartily thanks to the hardworking team who provided this content😊 🙏😇
    Thank you

  14. Coquitlam Physio Services

    Hello there, I found your site via Google while
    searching for a related subject, your site came up, it looks great.
    I’ve bookmarked it in my google bookmarks.

    Hello there, just was aware of your weblog thru Google, and found that it is really informative.
    I’m gonna watch out for brussels. I will be grateful for
    those who proceed this in future. Lots of people will
    be benefited from your writing. Cheers!

  16. digital marketing

    Hmm is anyone else encountering problems with the pictures on this blog loading?
    I’m trying to find out if its a problem on my end or if it’s the blog.

    Any feed-back would be greatly appreciated.

  17. ai

    This piece of writing provides clear idea designed for the new visitors of blogging,
    that really how to do blogging and site-building.

  18. elafonissi crete

    Hey just wanted to give you a brief heads up
    and let you know a few of the pictures aren’t loading correctly.

    I’m not sure why but I think its a linking issue. I’ve tried it in two different internet browsers and both show the same results.

  20. youtube channel eppadi create panrathu tamil

    It’s a shame you don’t have a donate button! I’d certainly donate to this
    outstanding blog! I guess for now i’ll settle for bookmarking and adding
    your RSS feed to my Google account. I look forward to fresh updates and will share this blog with my Facebook group.
    Chat soon!

  21. architecte d'intérieur Toulouse

    Greate post. Keep posting such kind of information on your page.

    Im really impressed by it.
    Hello there, You’ve done a great job. I will certainly digg it
    and in my opinion suggest to my friends. I’m confident they will be benefited from
    this website.

  23. BitStarz Casino Bonus Code

    Please let me know if you’re looking for a
    article author for your weblog. You have some really great posts and I feel I
    would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some material for your blog
    in exchange for a link back to mine. Please send me an email if
    interested. Kudos!

  24. spicy webcam sessions

    A motivating discussion is worth comment. I think that you need to
    write more about this issue, it might not be a taboo matter but generally folks
    don’t discuss such subjects. To the next! Cheers!!

  25. visit the site

    You can definitely see your skills in the article you write.
    The arena hopes for even more passionate writers such as you who
    aren’t afraid to mention how they believe.
    Always follow your heart.

  26. camera tube ip Dahua

    Thanks for your marvelous posting! I really enjoyed reading it, you’re a great author.
    I will make sure to bookmark your blog and will often come back in the foreseeable future.

    I want to encourage yourself to continue your great writing, have a nice weekend!

  51. tinyurl.com

    Unquestionably consider that that you said. Your favorite reason appeared to be on the net the simplest factor
    to take into accout of. I say to you, I certainly get annoyed
    even as other folks consider concerns that they just do not know about.
    You controlled to hit the nail upon the top as smartly as defined out the entire thing without
    having side effect , people could take a signal.
    Will probably be again to get more. Thanks

    Also visit my web-site – nordvpn coupons inspiresensation (tinyurl.com)

  59. https://tinyurl.com

    Howdy, i read your blog from time to time and i own a
    similar one and i was just wondering if you get a lot of
    spam comments? If so how do you prevent it, any plugin or anything you can recommend?
    I get so much lately it’s driving me insane so any support is
    very much appreciated.

    Visit my blog – nordvpn Coupons inspiresensation [https://tinyurl.com]

  75. nordvpn coupons inspiresensation

    I do not know if it’s just me or if everybody else experiencing
    problems with your blog. It seems like some of the written text within your posts
    are running off the screen. Can somebody else please provide feedback
    and let me know if this is happening to them too? This may be a issue with my browser because I’ve had this happen previously.
    Thanks

    Also visit my blog: nordvpn coupons inspiresensation

  77. nordvpn coupons inspiresensation

    Hi there I am so glad I found your site, I really found you by error,
    while I was researching on Bing for something else, Nonetheless I am
    here now and would just like to say thank you for a
    incredible post and a all round thrilling blog (I also love the theme/design), I don’t have time to go through it all at the moment but I have saved
    it and also added your RSS feeds, so when I have time I will be back to read
    a lot more, Please do keep up the awesome job.

    My site: nordvpn coupons inspiresensation

  87. bezimienna.com.pl

    What’s up everyone, it’s my first visit at this website,
    and piece of writing is actually fruitful in favor of me, keep up posting such articles
    or reviews.

  147. Stevenlix

    ¡Hola, maestros del juego !
    casinoonlinefueradeespanol con juegos en vivo – п»їп»їhttps://casinoonlinefueradeespanol.xyz/ casinos fuera de espaГ±a
    ¡Que disfrutes de asombrosas momentos memorables !

  152. MarioWaive

    ¡Saludos, participantes del juego !
    Juegos mГіviles en casinos extranjeros seguros – п»їhttps://casinosextranjero.es/ casino online extranjero
    ¡Que vivas increíbles instantes inolvidables !

  158. vxerxes1993

    Inside the Disco Volante is AP’s ultra-thin caliber 2003 a manual movement measuring just 1.64mm thick. Designed in collaboration with link LeCoultre and Vacheron it was the thinnest caliber when introduced in the ’40s take that F. Piguet 21!.

  162. CalvinGaw

    ¡Bienvenidos, estrategas del entretenimiento !
    Casino online fuera de EspaГ±a sin verificaciГіn por selfie – п»їhttps://casinofueraespanol.xyz/ casinofueraespanol.xyz
    ¡Que vivas increíbles victorias legendarias !

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top