Passage 6 ● Read the article below about a financial plan of the IMF.
● In most of the lines 41-52 there is one extra word. It is either grammatically incorrect or does not fit in with the sense of the text. Some lines, however, are correct.
● If a line is correct, write CORRECT on your Answer Sheet.
● If there is an extra word in the line, write the extra word in CAPITAL LETTERS on your Answer Sheet.
● The exercise begins with two examples, (0) and (00).
Example:
The IMF launches a financial rescue plan for itself
0. It has whipped many of developing countries into shape. Now it is time for the IMF to
00. apply the birch to its own back. With crisis lending down, the fund has not been
41. generating enough income to cover up its $1 billion budget. By 2010 its deficit will
42. be about $400m each a year. It has enough reserves to tide it over. But ultimately it
43. needs its own financial rescue plan. That is why, on April 7th, the fund’s board have
44. agreed to cut costs and boost income. A quarter of the gap will be plugged
45. by cutting costs, which including 380 jobs(or 15%of the total). The rest will come
46. from new income sources. It wants to sell out 12.5%of its vast gold stocks,
47. which amounts to 403.3 tones. Using a (conservative) price to estimate of $850
48. an ounce, the fund reckons such a sale would raise about $11 billion. In order to
49. avoid upsetting the gold market. it would be done over the several years. The fund
50. also wants to broaden its investment of strategy. At present it may invest its reserves
51. not only in government bonds. In future, it hopes to boost returns by half a percentage
52. point every year by broadening its portfolio to include corporate bonds and shares.
Through receiving financial support from family, community or the government is allowed, it is never admired.
At the MegaTek Corporation, an inexperienced financial analyst mistook the rising cost of semiconductors as a seasonal fluctuation in the market.
You are creating a class that performs complex financial calculations. The class contains a method named GetCurrentRate that retrieves the current interest rate and a variable named currRate that stores the current interest rate.You write serialized representations of the class.You need to write a code segment that updates the currRate variable with the current interest rate when an instance of the class is deserialized. Which code segment should you use?()
A financial customer has three data centers that are approximately five kilometers apart. Their SAP application data needs to be kept synchronized within 10 milliseconds between the three sites. Which of the following solutions satisfies the customer's recovery time objective?()
Passage 2RULESS OF INSURANCE
Insurance is a financial arrangement that (0)______ the cost of unexpected losses. It is a plan for (21)______ losses with others. A loss in a particular situation is unexpected, but for a group of people (or pieces of property), losses can be predicted more accurately. If an insurance system is to function (22)______ able to predict losses is a basic necessity. An insurance program does not do away with losses. Rather, it redistributes their costs by collecting payments from all participants in the group. When many people (or businesses) are (23)______ to a specific kind of risk, their total losses are predictable and can be spread throughout the group. Everyone pays a small amount of the cost (premium). As a result, no one (24)______ a large share of loss. From a legal (25)______ of view, insurance is based on a contract. An insurance contract is a written agreement (26)______ one party agrees to pay another party for losses. The terms of an insurance contract are listed in the policy. The party agreeing to pay for the losses is the (27)______ and the one who will receive (28)______ for the loss. The payment made by the insured is called a (29)______ By means of a policy contract, you (30)______ the risk of loss to the insurer, and the cost of the loss is shared with others.
Example:
0. A. redistributes B. enjoys C. claims D. treats
21. A. sharing B. spreading C. suffering D. sustaining
22. A. not B. so C. quite D. being
23. A. exposing B. exposed C. brought D. taken
24. A. enjoys B. offsets C. shares D. sustains
25. A. respect B. phase C. point D. aspect
26. A. hereby B. whereby C. whereof D. hereafter
27. A. guarantor B. guarantee C. insured D. insurer
28. A. compensation B. bonus C. proceeds D. dividend
29. A. interest B. premium C. compensation D. cost
30. A. undertake B. expose C. transfer D. transcend
The company gave some financial assistance to
Which of the following would an administrator follow when disposing of equipment for a financial institution?()
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Your customer wants to build a network for a financial trading floor that has a requirement formultiple high-value transactions, which are also vital to the customer. What are the two mostcritical requirements?() (Choose two.)