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Directions Q1 - 35: Read the passages that follow and answer the question that follow each of
them respect to your understanding of the passage.


Over 1,26,000 that s the number of bank employees who have busted the myth, assiduously
preserved and propagated by trade unions and their sympathies that Indians treasure job
security above all else. Given the option of taking voluntary retirement, thousand of officers and
clerical staff happily chose to grab the money and strike out on their own. Indeed, many public
sector banks are now struggling to cope with this massive out flux of skilled professionals. In the
long run though, they undoubtedly be better off for it. Public banks have long been labourintensive
inefficient organizations. But they are now moving actively to reduce the man power
and upgrade technology, which should improve their efficiency and bottom lines. What about
the employees who opted for VRS? According to some estimates, they are now flush with
Rs15,000 crore, Details are not yet available about how the money is being spent, but survey of
these retirees indicate a high aversion to risk.

1. The myth of the Indian mindset treasuring jobs security above all else has been busted.
The author reaches this conclusion by making which of the following assumptions?
I. 1,26,000 is a sufficiently large number to universalize the conclusion.
II. Banking sector can be said to be representative of the entire Indian jobs market.
(1) I only (2) II only (3) I and II (4) Neither I nor II
2. The said conclusion can be attacked if somebody pointed out that
(1) The actual number of employees getting VRS was only 1,24,000.
(2) The percentage of people getting VRS who were below 50 years was very low.
(3) Banking sector was dying sector anyway.
(4) People left their jobs because of a fear retrenchment.
3. Huge inflows of money pouring in for a bank is essentially
(1) An asset (2) A liability
(3) A transaction (4) A withdrawal
4. Banks need to lend the huge inflows to somebody else. Why?
I. Idle money does not grow.
II. Bank has promised interest, i.e. growth, to their depositors.
II. It is imperative for additional jobs creation.
(1) II only (2) I and II (3) I and II (4) All I, II and II
5. One reasons why banks won t indulge in lending out micro-credit to business is that
(1) Business have traditionally defaulted on repayments
(2) Interest chargeable on this count is low.
(3) Laws don t offer sufficient protection against defaults.
(4) Additional jobs creation is not guaranteed.

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