Directions (1-15): Read the following passage carefully and answer the questions given below it. Certain words are given in bold in the passage to help you locate them while answering some of the questions.
The G-20, a group of 20 major economies of the word has come of age within a short period of two years as it adopted summit level format only in the year 2008. Perhaps, it is the only multilateral group which holds two summit meeting in a year. As it has emerged as a major global forum of most advanced countries to manage crisis ridden global financial and economic system, it is poised to replace the G-8 club of eight rich countries. Also, it has the potential to emerge as a major, global forum for North-South Dialogue, as both developed and developing countries are its members. The term ‘North’ denotes the developed countries, which are mostly located in the Northern hemisphere, whereas the term ‘South’ refers to the developing countries as they are largely located in the Southern hemisphere.
The economic and political might of the G-20 is also noteworthy. Collectively, the total population of G-20 countries is two-thirds of the global population. The G-20 economies comprise 85% of the global gross national product and 80% of the word trade. Geographically, the countries of G-20 cover all continents of the globe. Thus in real sense, its nature and reach are global.
The fundamental purpose of G-20 is to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. Thus, it is a forum for cooperation and consultation on matters pertaining to the International Financial System. It conducts studies, reviews and promotes discussion among key developed and developing economies of key policy issues pertaining to the promotion of International Financial Stability and seeks to address such issues that are beyond the responsibility of one country or organization.
Q1. Which among the following is NOT true in the context of the passage?
(1) Total population of G-20 countries is 2/3rd of the global population.
(2) G-20 economics comprises 85% of the total global GNP.
(3) G-8 club is a group of 8 most powerful economies.
(4) G-20 came into existence in the year 2008.
(5) None of these
Q2. G-20 group meeting held two times in a year because
(1) It is a group of developed and developing nations
(2) It has a potential to conduct two meetings
(3) It comprises 85% of the world’s total GNP
(4) It represents 80% of the World trade
(5) None of these
Q3. According to the passage G-20 will replace which group
(1) G-15
(2) G-4
(3) G-8
(4) G-7
(5) None of these
Q4. The fundamental purpose of G-20 is to
(1) group together the problems of developing and developed countries.
(2) to bring together systemically important industrialized and developing economies to discuss key issues in the economy.
(3) to conduct studies and reviews
(4) to tackle the problems of the world.
(5) None of these
Q5. Which of the following correctly describe the meaning of “North-South Dialogue”
(1) Negotiation between North for developing countries of G-20 and South for developed countries of G-8
(2) Dialogue between developed and developing countries situated in Northern & Southern Hemisphere respectively.
(3) Dialogue used for creating awareness
(4) It is a dialogue used as a theme of the G-20
(5) None of these
Q6. Why the author wants to highlight the importance of G-20.
(1) To make people aware about the G-20
(2) To bring out the important of the G-20
(3) Not mentioned in the passage
(4) To help the G-20 being popularize
(5) None of these
Q7. What is the view of the author about the G-20.
(1) Narrative
(2) Explanatory
(3) Criticizing
(4) Supportive & factual
(5) None of these
Q8. What does G-20 forum do to promote international financial stability?
(1) It helps the nations to fight poverty.
(2) It gives loan to the members
(3) It conducts studies, reviews and promotes discussion among key economies
(4) It invites discussion on various issues
(5) None of these
Q9. Why the reach & nature of G-20 is global according to the author?
(1) It is very global
(2) It is reachable to the poorest countries
(3) Its nature is supportive
(4) Its expansion is natural
(5) None of these
Directions (10-12): Choose the word which is most SIMILAR in meaning to the word printed in bold as used in the passage.
Q10. Poised
(1) hovering
(2) ready
(3) equanimous
(4)important
(5) necessity
Q11. Pertaining
(1) related
(2) holding
(3) fitting
(4) suitable
(5) accessing
Q12. Dialogue
(1) session
(2) negotiation
(3) debate
(4) discussion
(5) drama
Directions (13-15): Choose the word which is most OPPOSITE in meaning to the word printed in bold as used in the passage.
Q13. Format
(1) ruins
(2) particular
(3) system
(4) pattern
(5) disorganization
Q14. Multilateral
(1) unilateral
(2) managed
(3) common
(4) focused
(5) unknown
Q15. Fundamental
(1) trivial
(2) essential
(3) required
(4) elementary
(5) materially
Answers 1. 4
2. 5
3. 3
4. 2
5. 2
6. 3
7. 4
8. 3
9. 5
10. 2
11. 1
12. 2
13. 5
14. 1
15. 1