Reading Comprehension 4

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correct answer = 1 mark & wrong answer = -0.25 Debt-laden Air India has received a loan worth of ₹1,500 crore from Bank of India to meet urgent working capital needs less than a month after floating a tender in this regard, an airline source said For the second time in recent months, the flagship carrier has received loans from a public sector lender. Battling multiple headwinds , the disinvestment-bound airline has been working on ways to reduce its debt, including by way of selling non-core assets and expanding operations. The source said the airline has received ₹1,500 crore loan from Bank of India after the tender for the amount was floated last month in order to meet “urgent” working capital needs. A tender was issued by the carrier on October 18 in which it had sought government guarantee-backed short-term loans totalling up to ₹1,500 crore to meet “its urgent working capital requirements”. Prior to that, the airline had borrowed around ₹3,250 crore as short tenure loans from two lenders — IndusInd Bank and Punjab National Bank, sources had said. This loan too was for meeting urgent working capital needs and the tender was floated in September. In the last nearly three months, at least two public sector lenders — Bank of India and Punjab National Bank — have provided loans to the airline. As part of efforts to revive the ailing carrier, which has a debt burden of more than ₹50,000 crore, the government is in the process of finalising the contours of its strategic disinvestment. The Air India group flies to 44 overseas and 75 domestic destinations. There are flights to Copenhagen, Tokyo, Washington, Stockholm, Sydney, Hong Kong, Kabul, Colombo, Seoul, Singapore and London, among other foreign cities. source--Hindu

1) What is the Synonym of Disinvestment ? supply gain advantage privation benefit

2) How much amount of loan Airindia airline has received from Bank of India ? ₹1,500 crore ₹1,600 crore ₹1,700 crore ₹1,400 crore ₹1,200 crore

3) What is the Antonym of Sought ? Wanted desired hunted needed excess

4)According to passage,Which of the following banks has given loans to Air india ? A. Punjab national bank B. Indusind Bank C. Bank of India Only A & C All the Above

5) What is the Antonym of contour ? blue print summary endurance disorder draft

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