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Question 1
Direction: Read the passage and answer the following questions.
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
What is sovereign rating based on?
Question 2
Direction: Read the passage and answer the following questions.
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
The Trump's government banning of the Muslims reveal which of the following aspects of his administration?
Question 3
Direction: Read the passage and answer the following questions.
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
How does the abandonment of the trans-pacific partnership affect USA?
Question 4
Direction: Read the passage and answer the following questions.
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
Which of the following is an expected outcome of Trump making new remittance laws?
Question 5
Direction: Read the passage and answer the following questions.
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
Donald Trump’s presidency poses a risk to the global economy, a leading credit ratings agency has warned, highlighting his unpredictability, his administration’s aggressive tone and his break with established “norms” in international relations. Less than a month into a presidency characterised by frequent Twitter tirades and an executive to order to ban citizens from some Muslim-majority countries from entering the US, Fitch said Trump posed a threat to global economic conditions. Fitch is one of three big ratings agencies that assign credit scores to governments based on their perceived ability to repay debts. It said in Friday’s strongly worded statement that the new US administration could damage those scores, known as sovereign ratings. “The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” it said. “US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications.” Key risks, from Fitch’s perspective, included possible disruptions to trade relations, limits on migration that affect the amount of money foreign workers in the US send home, and “confrontational exchanges” between policymakers that could spark swings in currencies and other financial markets. “The materialisation of these risks would provide an unfavourable backdrop for economic growth, putting pressure on public finances that may have rating implications for some sovereigns,” the ratings agency added. It joined other commentators in predicting a possible boost to economic growth from Trump’s planned infrastructure spending, his plans to cut red tape and promised tax cuts. Outlining a brighter scenario, Fitch said: “One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic programme, with favourable international spillovers.” But it went on to play down that prospect. In Fitch’s view, the present balance of risks points toward a less benign global outcome. The administration has abandoned the Trans-Pacific Partnership, confirmed a pending renegotiation of the North American Free Trade Agreement, rebuked US companies that invest abroad, while threatening financial penalties for companies that do so, and accused a number of countries of manipulating exchange rates to the US’s disadvantage. The full impact of those moves would not be known for some time and things could yet change, it conceded. “But the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise.” The countries whose credit ratings were most at risk were those with close economic and financial ties with the US which Trump’s administration felt had some kind of unfair advantage, Fitch said. “Canada, China, Germany, Japan and Mexico have been identified explicitly by the administration as having trade arrangements or exchange rate policies that warrant attention, but the list is unlikely to end there,” it said. Fitch also highlighted that the US had the world’s largest immigrant population and said tighter controls and possible deportations, therefore, risked having wide economic repercussions. Fitch’s concerns centre on the issue of “remittance flows”, the money foreign workers send to individuals in their home countries, which in the US include Mexico, Honduras, El Salvador, Guatemala and Nicaragua. The agency also warned of risks to countries that have benefited from investment by US firms and where some of the money has helped fund industries in those countries that export back to America.
Source: https://www.theguardian.com/us-news/2017/feb/10/trump-presidency-poses-threat-to-global-economy-fitch-ratim
The passage is talking about the handicaps that the trump administration suffers from. Which of the following, based on the arguments given in the passage, can be inferred to be the most threatening?
Question 6
Direction: What approximate value should come in place of question mark ?
? = 85.995 × 6.001÷ √1850 + 2.999
Question 7
Direction: What approximate value will come in place of the question mark (?) in the following question? (You are not expected to calculate the exact value)
23 
Question 8
Direction: What approximate value will come in place of the question mark (?) in the following question? (You are not expected to calculate the exact value)
? 
Question 9
Direction: What should come in place of question mark (?) in the following question? (You do not have to calculate the exact value.)
5030.05 
42.93 + 24.49 % of 5049.93 
100 =?
42.93 + 24.49 % of 5049.93 100 =? Question 10
Direction: What will come in place of (?) in the following question. You do not have to calculate the exact value.
4734.96 
3454.03 
1612.86 = ? 
1611.43
3454.03 1612.86 = ? 1611.43 Question 11
Direction: Study the information given below and answer the questions based on it.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
Who among the following is going to visit Goa?
Question 12
Direction: Study the information given below and answer the questions based on it.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
Which of the following combination is correct?
Question 13
Direction: Study the information given below and answer the questions based on it.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
T is going to visit which of the following city?
Question 14
Direction: Study the information given below and answer the questions based on it.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
Which of the following combination is not correct?
Question 15
Direction: Study the information given below and answer the questions based on it.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
Eight persons M, N, O, P, Q, R, S and T are going to visit these places i.e. Chennai, Bhopal, Mumbai, Bangalore, Kolkata, Goa, Pune and Delhi, not necessarily in the same order. O is going to visit Bangalore. P is not going to visit Delhi and Mumbai. Q is not going to visit Mumbai and Kolkata. S is going to visit Chennai. T is either going to visit Bhopal or Pune. M is not going to visit Mumbai. R is going to visit Kolkata. Q is not going to visit Delhi. P is not going to visit Bhopal or Goa.
Who among the following is going to visit Pune?
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Dec 20PO, Clerk, SO, Insurance
