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Directions (Q. 1-5): Read each sentence to find out, , whether there is any grammatical or idiomatic error in it., The error, if any, will be in one part of the sentence. The, alphabet corresponding to that part is your answer, If there, , is‘No error’, the answer is (E). (Ignore errors of punctuation,, ifany.), , 1., , ty, , The discussion paper on corporate liquidation process, put out (A) / by the Insolvency and Bankruptcy Board, of India last week (B)/ has inexplicably left a backdoor, open for ineligible (C)/ promoters to reclaim control of, its company. (D) / No Error (E), , DA 2)B 3)C, , 4)D S5)E, , Given that liquidation brings the life of a firm to an end,, (A) / destroys organisational capital and is hugely, damaging to employees, (B) / workmen and the industry, at large, itis true that every efforts must be made (C) /to, sell the corporate debtor as a going concern.(D) / No, Error (E) ;, , DA . 2)B 3)c, , 4)D 5)E, , India’s economic destiny hinges on a range of binding, constraints, (A)/ including that arising from the country’s, intense engagements (B) / in international trade forums,, like the World Trade Organisation (WTO), (C)/ and the, free trade agreements (FTAs). (D) / No Error (E), , 1)A 2)B 3)Cc, , 4)D S)E, , In WTO, India’s status as (A) / a developing country is, being (B) / seriously challenged by (C) / a number of, countries, especially the US, (D) / No Error (E), , IA. 2)B 3)C, , 4)D 5)E, , Any keen observer of the farm sector (A) / would, immediately realise that it is a weak institutional framework, (B) / which is largely responsible for reducing the (C) /, effectiveness of policy interventions. (D) / No Error (E), DA . 2)B 3)C, , 4)D 5)E, , Directions (Q. 6-10): In the questions given below a, , short passage is given with five blanks numbered 6,7, 8, 9, and 10. Five phrases numbered (A), (B), (C), (D) and (E) are, given that fit in the blanks appropriately. Select the

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appropriate phrase for each blank from the given options., Ensure that the tone of the passage docs not change. ©, : Today it is self-evident that societies which are not good, at innovating get left behind. To be robust in innovating it is, not only critical to be able to think up newer and better, solutions to all the challenges around us,, ( 6 ) to deliver such solutions., Innovation today runs on digital data which are seamlessly, transmitted, totally storable and endlessly manipulatable. The, good news for India is that what it lost out in manufacturing,, it has made up ( 7 ) it is now wellplaced to play a role in the fourth industrial revolution which, is digitally enabled. Indian IT and_ start-ups, ( 8 ),in Industry 4.0, made up of areas, like automation in manufacturing, Internet of Things, cloud, hosting and cognitive computing. A measure of a country’s, innovation status ( 9 ) it hosts —, start-ups valued at $1 billion or more. Jn CB Insights’ January, 2019 global list of unicoms totalling 341 companies with a, combined valuation of $1,149 billion, there are 90 Chinese, companies, 15 Indian companies and four from tiny Israel,, considered the home of innovation. But having come this far,, ( 10 ) over the Indian innovation, scene. What the Indian engineer has done, the Indian, regulator is in danger of undoing. The new Draft National Ecommerce Policy issued by the Department for Promotion of, Industry and Internal Trade (DPIIT) to govern e-commerce, has upset sections of Indian business., (A) through its prowess in software so that, (B) can be had from the number of unicorns, (C) some storm clouds have gathered, (D) but also have the wherewithal, (E) have marked a place for themselves, , 6 IDA 2)B: 3)c, 4)D 5)E, , 7 IA 2)B 3c, 4)D 5)E a, , & IA 2)B 3c, 4)D a), , 9% IDA ' 2)B ac, 4)D S)E, , 10. 1)A 2)B 3)C, 4)D 5)E \, , Directions (Q. 11-15); Each of the following statements, has three blanks which are to be filled up with the options, given below. Five words are suggested, out of which only, three can fit the blanks, Find the right combination of words

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which when placed in the same sequence as given in the, , option can most suitably complete the sentence without, , altering the meaning of the statement., , 1]. A key issue with the policy is that it seeks ==, of source codes and wants to have the right to give, preferential to digital products, , , , in India., , I. created IL, disclosure IIT. treatment, TV.reach V. present, , DIVA 2) V1 3) 1, UT, , 4) 1, IL1V SUL, IV, , 12. The Congress Party has to end farmer's, through a combination of prices, and lower input costs,, 1. provoked Il, indebtedness III. promised, TV. remunerative V. grief, , DIVA 2)I1L, V,1 _ 3), 1,1, 4) LIL 1V 5) 11, U1, TV, , 13. While the manifesto is silent on the first policy, , ; there are three sets of policies aimed at, , changing the in the marketplace. in favour of, the farmers., I. package II, dynamics Ill. barely, IV. largely V. implementation, 1IIV,L 0 2)LV,I 3) TL, HLT, 4)L1,1V 5) 111, 1,1V, , 14. Artificial intelligence (Al) start-ups have not grown, in India because they do not have adequate, to large datasets which can be used to, , AL, L train IL. completely IIL. sufficiently, IV. usage V. access, DIV, 2) 11, V1 3) II, IIL, 1, 4)L ILIV 5) 111, 1, TV, , 15. Relations between Turkey and the US have been, , deteriorating since 2016, when Turkey, , demanded that the US a cleric who was, , suspected of being involved in the failed in, Turkey that year., , 1. wifle IL. extradite ILL. steadily, IV. coup V. consistently, , 1)1V,1, 1 2)1i1,V,1 3) 11, IH, 1, 4)1,1,1V 5) 111, N,1V, , Direetions (Q. 16-20): In the question given below, there, is a sentence in which one part is given in bold. The part, given in bold may or may not be grammatically correct., Choose the best alternative among the four given alternatives, which can replace the part given in bold to make the sentence, grammatically correct. If the part given in bold is already, correct and does not require any replacement, choose option, (5), ie “No replacement required”, as your answer,, , 16. There has been a long hiatus unless the last time the, , RBI added gold to its reserves in 2009, when 200 tonnes

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was bought from the IMF., , 1) hiatus since long 2) hiatus longer since, 3) long hiatus from 4) long hiatus since, 5) No replacement required, , 17. Global central banks turning champions of gold, in one, of its worst years in recent times, will be sweet music to, the ears of those who have stashed a large portion of, their savings in the form of gold., , 1) a large portion of their saving stashed, , 2) stashed their savings large portion, , 3) a large portion of their savings being stashed, , 4) stashed a large portion of his savings, , 5) Noreplacement required, 18. In the famous Supreme Court ruling in Swiss Ribbons vs, , Union of India, it was intent that reiterated that the, , steadfast of the IBC was to revive a corporate debtor;, , liquidation is only a last resort if resolution fails., , 1) reiterated that the steadfast intent, , 2) reiterated steadfast intent that the, , 3) reiterated intent that the steadfast, , 4) having reiterated that the steadfast intent, , 5) No replacement required, 19. Chronic defaulters and fraudulent promoters cannot be, , allowed to game the system, owing to mere difficulties, , in implementing the ineligibility criteria under Section, , 230., , 1) owing to the reason of mere difficulties, , 2) due to the reasons of mere difficulties, , 3) owing to merely difficulty, , 4) owing to the cause of mere difficulties, , 5) No replacement required, 20. It came as a badly needed shot in the arm for China's, , _ flagship Belt and Road Initiative which has been flagging, of late amid concems it’s adebt trap and ploying to boost, , Chinese political influence., , 1) and a boost to the ploy 2) and a ploy to boosting, , 3) and a ploy to boost 4) and a ploy to boost up, , 5) No replacement required, , Directions (Q. 21-30): Read the following passage, carefully and answer the questions given below them. Certain, words/phrases have been printed in bold to help you locate, them while answering some of the questions,, , Informal firms account for up to half of economic activity, in the developing world. Contrary to conventional wisdom,, their importance has not declined over the last several, decades, The persistence of the informal sector has gone —, hand in hand with a faster pace of structural transformation, and pro-poor economic growth. India is no exception to these, global, trends, India’s informal sector accounts for over 80, per cent-of jobs and 99 per‘cent of entrepreneurs in the, manufacturing sector. Even in highly industrialised states, like Gujarat, jobs are expanding in the informal sector. India’s, young demographics, and limited employment generated by

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the formal sector, have increased the future importance of the, , informal sector. Its flexibility has enabled millions more women, , to find jobs and better manage work-life balance., , Despite its huge size and importance, the role of the, informal sector in economic development remains, controversial. Some view it as the enemy of the formal sector,, and as a parasite competing unfairly with law-abiding formal, firms. Others say formal and informal firms are fundamentally, different and cater to different markets. And optimists view, the informal sector as an untapped reservoir’ of, entrepreneurship that can further accelerate the pace of, economic growth, job creation and poverty reduction. We, examined these trends in India using plant-level data for formal, and informal enterprises in some 500 districts., , Empirical evidence shows that there arc huge horizontal, and vertical linkages between formal and informal firms., Informal firms are important suppliers of inputs to formal firms., Employment and output have increased in the formal sector, in those states in India that also have a greater presence of, informal firms, Conversely, informal employment and output, are greater in those states that have a greater presence of, formal buyers of inputs. Formal enterprises are more, competitive in the presence of informal firms, as they change, their product mix, adapt to new technology, and outsource, more labour-intensive tasks to informal firms. The input-output, linkages between formal and informal firms are very strong., , A 10 per cent increase in employment and output in the, informal sector is associated with a 16 per cent increase in, employment in the formal sector and increase in output by, 12.6 per cent, As formal enterprises become more productive,, they demand better inputs from informal enterprises, and, strengthen the forward spillovers. The backward spillovers, ate also strong, as informal enterprises purchasing from, formal enterprises induce greater output in the formal, enterprises. Although the productivity of the informal sector, is more important for the formal sector than vice versa, the, two sectors act like friends and family members supporting, each other, These linkages generate huge spillovers by, working together., , 21, The informal sector is most likely to become more, important in future. What, according to the author, is/, are the reasons thereof?, , L Very little employment generated by the formal sector, , IL Failure of the incumbent government in delivering, , on its pre-poll promises, , TIL India’s young demographics, , 1) OnlyT 2) Only I 3) Only It, , 4)Bothland 1H 5)AIL1, Hand IIT, , 22. The role of the informal sector in economic development, has remained controversial. Why?, , (A) Because of the huge size of the informal sector, , (B) Because it has severely damaged the formal sector