Cloze test 1

Cloze test on Resolutions of NPA

correct answer = 1 mark & wrong answer = -0.25 In the following passage, some of the words have been left out. First read the passage and try to understand what it is about. Then fill in the blanks with the help of the alternatives given below it RBI was not in favour of giving more time to big ticket loan defaulters, the Department of Financial Services made a presentation on strengthening tools to manage NPAs and resolution (1) stressed assets. The meeting discussed the concept of Private Asset Management Company (PAMC) and National Asset Management Company (NAMC) for resolution of stressed assets. It also discussed RBI's various schemes for tackling bad loans, (2) Scheme for Sustainable Structuring of Stressed Assets (S4A), Corporate debt restructuring (CDR), Joint Lenders Forum (JLR) and Strategic Debt restructuring (SDR). The meeting was also attended by RBI Deputy Governor Viral Acharya and S S Mundra, besides Chief Economic Advisor Arvind Subramanian, Principal Economic Advisor Sanjiv Sanyal, Financial Services Secretary Anjuly Chib Duggal and Corporate Affairs Secretary Tapan Ray. As on September 30, 2016, gross NPAs of public sector banks (3) Rs. 6.3 lakh crore as against Rs. 5.5 lakh crore at the end of the June quarter. This works out to an increase of Rs. 79,977 crore on a quarter-on-quarter basis. Stressed assets make up 16.6 per cent of all loans in India, worst among the world's major economies. This has led to banks being reluctant to lend more. Bank credit growth hit its lowest point in nearly two decades in January. According to some estimates, more than half of the top 100 stressed borrowers require debt reductions of 75 per cent or more, (4) only the government can force creditors to accept. The PAMC plan, (5) suggested by Acharya, could be for sectors such as metals, construction, telecom, and textiles, where the assets will have economic value in the short run. As per the plan, the banking sector may be asked to restructure about 50 large stressed exposures in these sectors by December 31, 2017. The NAMC plan could be viable for sectors where the problem is not just of excess capacity but of economically unviable assets in the near term.
	1) Choose correct option at of for to from
	2)Choose correct option included excluding including apart from abstain from
	3) Choose correct option fallen to will rise to rose by fallen by rose to
	4)Choose correct option where which what when whose
	5) Choose correct option As Like By from for

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