SBI Associate 2011 PO


Read the following passage carefully and answer the questions given below it. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions

Jagir Singh has sold red onions at a market in south Delhi every day for the past half-century.Perched on an upturned crate wrapped tight against the chill air he offers pyaz a staple for much Indian cooking, for 60 rs a kilo the most he can remember.Business is brisk but most customers pick up only a small handful of onions.That is just as well Wholesale supplies are tight he says and the quality is poor.
As India’s economy grows by some 9% a year food prices are soaring In late December the commerce ministry judged that food inflation had reached 18.3% with pricey vegetables mostly to blame.Officials have made some attempts to temper the rise in the past month scrapping import taxes for onions banning their export and ordering low-priced sales at government-run shops. But there is no quick fix
Heavy rain in the west of India brought a rotten harvest Vegetables from farther afield-including a politically sensitive delivery from a neighbouring country are costly to move on India crowded pot-holed roads. Few refrigerated lorries and poor logistics mean that much of each harvested is wasted Newspapers allege hoarders are cashing in
The biggest problem are structural Food producers hampered by land restrictions archaic retail networks and bad infrastructure fail to meet extra demand from consumers It was estimated in October that a 39% rise in income per person in the previous five years might have created an extra 220 million regular consumer of milk eggs meat and fish Supplies have not kept up with this potential demand
The broader inflation rate may be a less eye watering problem than the onions suggest The central bank has lifted interest rates steadily in the past year and is expected to do so again later this month Headline inflation fell to 7.5% in November down by just over a percentage points from October though it is still above the central bank’s forecaste of 5.5% for March.

Question 151

What is responsible for the increased demand of certain food items amongst consumers ?

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Question 152

Which of the following is not true in the context of the passage ?

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Question 153

Which of the following is\are the reason for increase in food/vegetable prices ?
(A)Bad weather
(B)Land restrictions
(C)Poor infrastructure for storage and transportation

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Question 154

Which of the following is/are TRUE in the context of the passage ?
(A)Interest rates are being raised in India
(B)India is witnessing a steady economic growth
(C)It has been proven that the food inflation is mainly because of hoarding

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Question 155

Which of the following is possibly the most appropriate title for the passage ?

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Question 156

What can be said about the sale of onions at present as given in the passage ?

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Question 157

The usage of the phrase ‘cashing in’ in the passage can possibly mean

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Question 158

Which of the following is most similar in meaning to the word tight as used in the passage ?

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Question 159

Which of the following is most similar in meaning to the word temper as used in the passage ?

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Question 160

Which of the following is most opposite in meaning of the word archaic as used in the passage ?

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