New One Goal, Three Exams: Strategies for Mastering RBI, SEBI, and IFSCA Exams
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Question

From the options given below, select the option which states the correct combination of correct sentences.

  1. A current account surplus means that the economy is not investing all that it has saved, and is exporting some of it.
  2. While the government has been forthcoming on loan moratoria, holding insolvency proceedings on abeyance and even on encouraging assorted financing schemes involving bank funds, it has not been keen to step up its own expenditure.
  3. The government will bear the burden off the money lost by banks because of the waiver, the finance ministry said in the affidavit.

A I and II Correct Answer Incorrect Answer
B I and III Correct Answer Incorrect Answer
C II and III Correct Answer Incorrect Answer
D Only I Correct Answer Incorrect Answer
E All are correct Correct Answer Incorrect Answer

Solution

II - The noun ‘abeyance’ should be preceded by the preposition ‘in’. While the government has been forthcoming on loan moratoria, holding insolvency proceedings in abeyance and even on encouraging assorted financing schemes involving bank funds, it has not been keen to step up its own expenditure. III - The sentence does not require ‘off’ which is an adverb but the preposition ‘of’. The government will bear the burden of the money lost by banks because of the waiver, the finance ministry said in the affidavit.

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