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IBPS Bank PO English Paper 2011
IBPS Bank PO/MT English Paper 2011 -Page 2
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Directions (86-92): Read the following passage carefully And answer the questions given below it. Certain words are printed in bold to help you to locate them while answering some of the question.

In a reversal of the norm else where, in India policymakers and economists have become optimists while bosses do the worrying. The country's Central Bank has predicted that the country's economy is likely to grow at a double digit rate during the next 20-30 years. India has the capability with its vast labour and lauded entrepreneurial spirit. But the private sector which is supposed to do the heavy lifting that turns India from the world's tenth largest economy to its third largest by 2030 has become fed up. Business people often carp about India's problems but their Irritation this time has a nervous edge. In the first quarter of 2011, GDP grew at an annual rate of 7.8 percent; in 2005-07 it managed 9- 10 percent. The economy may be slowing naturally as the low interest rates and public spending that got India through the global crisis are belatedly withdrawn. At the same time the surge in inflation caused by exorbitant food prices has spread more widely, casting doubt over whether India can grow at 8-10 percent in the medium term without overheating

In India, as in many fast growing nations, the confidence to invest depends on the conviction that the long term trajectory is intact and it is that which is in doubt. Big Indian firms too sometimes seem happier to invest abroad than at home, in deals that are often hailed as symbols of the country's growing clout but sometimes speak to its weaknesses - purchases of natural resources that India has in abundance but struggles to get out of the ground. In fact a further dip in investment could be self-fulfilling: if fewer roads, ports and factories are built, this will hurt both short term growth figures and reduce the economy's long term capacity.

There is a view that because a fair amount of growth is assured the government need not try very hard. The liberalisation reforms that began in 1991 freed markets for products and gave rise to vibrant competition, at the same time what economists call factor markets, those for basic inputs like land, power, labour etc remain unreformed and largely under state control, which creates difficulties. Clearances today can take three to four years and many employers are keen to replace workers with machines despite an abundance of labour force. This can be attributed to labour laws which are inimical to employee creation and an education system that means finding quality manpower a major problem. In fact the Planning Commission, concluded that even achieving 9 percent growth will need marked policy action in unreformed sectors. Twenty years ago it was said that the yard-stick against which India should be measured was its potential and it is clear that there remains much to do.

86. Why are employers reluctant to hire Indian labour force?

(A) India's labour force is over-qualified for the employment opportunities available

(B) High attrition rate among employees stemming from their

(C) Labour laws are not conducive to generating employment.

(a) Only(C)

(b) All (A), (B) and (C)

(c) Only (A) and (C)

(d) Only (A) and (B)

(e) None of these

Last Updated (Sunday, 16 September 2012 19:50)