Directions (1Q - 2Q):
Read the following paragraph and answer the following questions.
Buying a house is the single largest financial investment an individual makes. Yet, in India, this act is fraught with risk and individuals depend on weak laws for justice. Occasionally, deviant promoters are called to account as was the case in the detention of Unitech’s promoters. This incident shows up the fallout of an absence of proper regulation to cover contracts between buyers and real estate promoters. A real estate bill, which is presently pending in Rajya Sabha, seeks to fill this gap. It has been debated for over two years and should be passed by Parliament in the budget session.
India is in the midst of rapid urbanization and urban population is expected to more than double to about 900 million over the next three decades. Unfortunately, even the current population does not have adequate housing. A government estimate in 2012 put the shortage at nearly 19 million units. If this shortage is to be alleviated quickly, India’s messy real estate sector needs reforms.
The real estate bill seeks to set standards for contracts between buyers and sellers. Transparency, a rare commodity in real estate, is enforced as promoters have to upload project details on the regulators’ website. Importantly, standard definitions of terms mean that buyers will not feel cheated after taking possession of a house. In order to protect buyers who pay upfront, a part of the money collected for a real estate project is ring-fenced in a separate bank account. Also, given the uncertainty which exists in India on land titles, the real estate bill provides title insurance. This bill has been scrutinized by two parliamentary committees and its passage now brooks no delay.
This bill is an important step in cleaning up the real estate market, but the journey should not end with it. State governments play a significant role in real estate and they are often the source of problems. Some estimates suggest that real estate developers have to seek approvals of as many as 40 central and state departments, which lead to delays and an escalation in the cost of houses. Sensibly, NDA government’s project to provide universal urban housing forces states to institute reforms to access central funding. Without real estate reforms at the level of states, it will not be possible to meet the ambition of making housing accessible for all urban dwellers.
Q1. Which of the following is ‘true’ in the context of the passage?
A. Buying house is not a single largest individual investment.
B. In India, no one depends on laws for justice.
C. Urbanization increasing rapidly.
D. The real estate bill not provides title insurance.
E. None of these
Urbanisation increasing rapidly.
Q2. What will not be possible to meet the Ambition of Making housing accessible for Urban Dwellers?
A. With the Real state reforms at State level.
B. Without support of central government.
C. Without passing the bill the in Rajya Sabha.
D. Without real estate reforms at the level of states
E. None of these
Without real estate reforms at the level of states
Q3. Not acknowledging the crimes happening around us howsoever petty they are, kind of _________ them which in itself is a moral crime on our part.
A. III, I
B. II, IV
C. I, IV
D. II, III
E. All fit
Legitimise, validate – to make something legal, acceptable
Q4. And as Mark twain’s ________ goes; Facts are stubborn things but statistics are pliable.
A. II, III
B. I, IV
D. II, III, IV
E. All fit
Paroemia, dictum, adage, platitude – a short statement that expresses a saying, general truth or principle.
Rearrange the following sentences in the proper sequence to form a meaningful paragraph then answer the following questions.
Q5. Which would be the Third sentence after Rearrangement?
- A. And yet, as disagreeable as the outcomes may have been so far, we must continue to focus on the Arab Spring uprisings, in order to uncover their root causes.
- B. Like any landmark event, they have posed new and difficult questions.
- C. But waning interest in the Arab uprisings reflects a deeper shift: hope for new, more representative political systems has given way to despair, as expectant revolutions have morphed into counter-revolution, civil war, failed states, and intensifying religious extremism.
- D. The sixth anniversary of the Arab Spring uprisings this year came and went largely unnoticed.
- E. And one of the most important is why economists failed to anticipate the unrest.
- F. Unlike in previous years, there was no torrent of commentary about the tumultuous events that shook the Arab world and seemed to promise a transformation of its politics, Of course, novelty wears off over time.
The Correct Sequence is 463125