Expected Reading Comprehension Questions
New Pattern Reading Comprehension for SBI PO/Clerk. Welcome to the www.letsstudytogether.co online English section. If you are preparing for SBI PO/Clerk & NABARD Grade A 2018 exam, you will come across a section on the English language. Here we are providing you New Pattern Reading Comprehension for SBI Clerk, IDBI Executive, and NABARD Grade A, based on the latest pattern of your daily practice.
Important Reading Comprehension Questions for SBI PO will help you learn concepts on important topics in English Section. This “New Pattern Reading Comprehension Questions “ is also important for other banking exams such as SBI Clerk, IDBI Executive and Syndicate PO, IBPS PO, IBPS Clerk, SBI Clerk, IBPS RRB Officer, IBPS RRB Office Assistant, IBPS SO, SBI SO and other competitive exams.
New Pattern Reading Comprehension for SBI PO 2018 | Set – 62
Directions:(1-10) Read the following passage carefully and answer the questions given below it. Certain words are given in bold to help you locate them while answering some of the questions.
Agriculture dominates change in India through its causal links with factor and product markets. It employs 60 per cent of the labour force and contributes 26 per cent of the gross domestic product. In the poorer states, its contribution to the domestic product is close to 40 per cent. Low productivity in agriculture has led to the concentration of the poor in this sector. Due to the sheer size of the agricultural economy and the importance of its major products (cereals) in the diets of the poor, gains in agricultural productivity have significant potential impact on poverty. Theoretically, it is possible to reduce poverty as well as expand the domestic market for industry by raising labour productivity in agriculture and spreading its gains among the low-income groups. Modelling of the linkages between agricultural and industrial growth has shown that a 10 per cent increase in agricultural output would increase industrial output by 5 per cent and urban workers would benefit by both increased industrial employment and price deflation. However, there is an asymmetry of adjustments in the demand and supply of agricultural goods. An increase in non-agricultural production would lead to an immediate increase in demand for intermediate and final agricultural production would lead to an immediate increase in demand for intermediate and final agricultural goods, whereas supply-side adjustments involving reallocation of resources and net additional investment for capacity expansion take a much longer period. There is a widely held view that in a large country like India, the demand stimulus for industrialization would come mainly from agriculture with less social and economic costs.
Interdependencies in food and labour market are important for the development process. An upward shift in the food supply curve would simultaneously result in an upward shift in the labour demand curve. The magnitude of the interdependence depends on the technique of production causing the shifts in the food supply curve. Similarly, an upward shift in the labour supply curve shifts up the food demand curve. The extent of interdependence between the forces of labour supply and food demand depends on the employment-output elasticity and the income elasticity of demand for food. The recent estimate of the employment output elasticity in agriculture is around 0.5, income elasticity of food is in the range of 0.55-0.50 and that for cereals is 0.25-0.30. The other important interdependency which plays a crucial role in inducing indirect employment, is that between food and other sectors through demand linkages. Since food accounts for a major share in the budget of the poor and any reduction in the food price leaves a significant proportion of income for other items, a lower food price stimulates employment in industrial and service sectors. On the other hand, an increase in the food price would increase the wage costs of industrial products and hence the prices of industrial products. In the absence of adjustments through exports, it would result in demand deficiency. Clearly, the most favourable situation in India is one in which labour demand outpaces its supply and food supply outpaces its demand.
Wage rates cannot fall below a certain minimum determined by the costs of subsistence living and the labour supply curve turns elastic at the subsistence wage rate. Demographic pressure cannot push the wage rate. Demographic pressure cannot push the wage rate below the subsistence level. People would be willing to starve rather than work unless the energy expended in physical work is compensated by the energy provided by food. Food grain price usually determines the subsistence wage rate in agricultural as well as in the urban informal sector since food grains account for about four-fifths of the calorie intake of the poor.
1. Which of the following, according to the passage, signifies influence of agricultural products on poverty?
(A) Higher labour productivity in agriculture reduces poverty.
(B) Agricultural products is the main constituent of the food of the poor.
(C) Agriculture output spurs industrial growth which ultimately helps the poor.
A. A and B only
B. B and C only
C. A and C only
D. All A, B and C
E. None of these
2. Which of the following, according to the passage, benefits do the urban workers get from increased agricultural production?
(A) Urban workers get agricultural products at a cheaper rate.
(B) Urban workers get more job offers in the agricultural sector.
(C) Urban workers get more job offers in the industrial sector.
B. A and B only
C. B and C only
D. A and C only
E. All A, B and C
3. Which of the following is meant by “the labour supply curve turns elastic at the subsistence wage rate” as used in the passage?
A. People refuse to work at the minimum wage rate.
B. People still work at the minimum wage rate.
C. People are eager to work at the minimum wage rate.
D. People have no option but to work at the minimum wage rate.
E. None of these
4. Which of the following statements is not true in the context of the passage?
A. Increase in labour productivity in agriculture can reduce poverty.
B. Agricultural sector can provide the impetus for greater industrialization at lower cost.
C. Increase in food supply will increase the demand for labour forces.
D. Concentration of low- income group people is relatively higher in the non-agricultural sector.
E. All are true
5. Which of the following, according to the passage, can lead to demand deficiency in India?
A. Widespread import of food grains
B. Oversupply of agricultural products
C. Increase in prices of industrial products
D. Foresight in gauging the demand-supply of labour
E. None of these
6. Which of the following, according to the passage, is the cause for increase in food supply?
(i) Less demand by the industrial sector
(ii) Bumper food production due to adequate monsoon
(iii) Change in technique of food production
A. Only (iii)
B. Both (i) and (iii)
C. both (i) and (ii)
D. Only (ii)
E. None of these
7. Why, according to the passage, lower food price stimulates employment in industrial and service sectors?
A. Poorer people cannot afford to buy non-food productions.
B. Low price of food items provides the poor with extra funds to buy other products and service.
C. The production cost of non-agricultural products and services reduces.
D. Industrial sector can afford to employ more People at lower cost.
E. None of these
हाई लेवल डाटा इंटरप्रिटेशन प्रैक्टिस वर्कबुक (नवीनतम पैटर्न पर आधारित 200+ प्रश्न विस्तृत समाधान के साथ) – डाउनलोड करने के लिए क्लिक कीजिये
SBI Clerk 2018 | Railway RRB ALP & Group D | NABARD Grade A Study Material
|S. No.||Exams||Direct Links|
|1.||SBI Clerk 2018||Click Here|
|2.||SBI PO 2018||Click Here|
|3.||Railway RRB ALP & Group D 2018||Click Here|
|4.||NABARD Grade A Study Material 2018||Click Here|