Read the following passages carefully and answer the question given below them Certain words/phrases have been printed in bold to help you to locate them while answering some of the question.Despite the economic crunch worldwide that saw pulverization of some of the largest banking and finance giant

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

Despite the economic crunch worldwide that saw pulverization of some of the largest banking and finance giants Indian banking houses have managed to show positive growth this quarter. Some of India?s leading national banks have posted a net profit rise of more than 40% over the last quarter amid global turmoil This would come as a ?big short in the arm? for the investors and consumers of these banking even though apprehension is mounting on other banking and broking firms worldwide One of the main reason behind the success of these banks this quarter would be their direct backing by the Government of India. People take solace in their investments in public sector watching the bailout packages being cashed out by governments all over the world to save big business houses
Other privates banks in India have also reported a substantial net profit over last quarter Given the international and domestic scenario one cannot put this down as a mundane achievement While others are on a cost cutting spree and firing employees Indian companies are actually working on boosting staffing in banking and broking sectors This can be seen as a big boon in the days to come when the current recession eases and the economy gradually comes back on to the fast track The finance minister has assured Indian public about the second.This could also be evident from the fact that their have been no mergers and takeover in Indian banking sector in a contrast to world scenario where finance houses are looking for mergers and takeovers India banking sector in a contrast to world scenario where finance houses are looking for mergers to cut costs on operation We definitely are not looking to thrive rather we are looking for growth It is just that the pace of growth is a little slow now as compared to a year or two before These are hard times to test the hard The weak in business and career will be weeded out and it is sometimes very beneficial for business in the long run

What according to the author is the reason for the success of Indian national banks in this quarter ?
1). Indian national banks do not have any commitments in troubled foreign markets
2). These banks can never face financial crisis because of their sheer size
3). These banks are ready to give loans at a very low rate of interest
4). The public is ready to invest in these banks because of the knowledge that these banks gets strong support from the Government

---

Join Telegram Group

Answer This Question
Name:
Email:
Answer :
Sum of (1+4)
Submit:

Other Questions

1. A sentence/a part of the sentence is underlined. Four alternatives are given to the underlined part which will improve the sentence. Choose the correct alternative and click the button corresponding to it. In case no improvement is needed, click the button corresponding to 'No improvement'.She is bent to taking revenge against her attacker.

2. A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives.. The flora and fauna of Cubbon Park captures our attention more than anything else. But when you take time to look closely at the statue, you will ma

3. In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the Idiom/ Phrase. Get the show on the road 

4. There are some people who doubt the............ of anything they see in a newspaper.

5. The heavy downpour played havoc in the coastal area.

6. Read the given passage carefully and answer the questions that follow- Rayne was lost. One way to explain how it happened is, she was curious about the crowd gathered in front of Mr. Nath’s shop. Another way to explain it is, she was furious with her sister denying her request for a few more

7. In each of the given sentence select the sentence which would either follow or precede the given sentence in grammatically and conceptually appropriate manner the instruction is given at the end of every statement

8. In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.Every evening a ____________ of wolves descends into the valley to hunt.

9. Read each of the following sentences to find out whether there is any error in it. The error; If any, will be in one part of the sentence. The number of that part is the answer. If there is no error; the answer is e:. (Ignore errors of punctuation, if any).

10. Find out which part of a sentence has an error.He thinks (1)/ himself (2)/ as a great scholar. (3)/ No error (4).