Important Vocabulary Notes for Competitive Examinations (Set-175)

Important Vocabulary for Bank Examinations

Example : For the six members of the RBI’s rate-setting panel, including Governor Urjit Patel and his deputy overseeing monetary policy, Viral Acharya, the data pose a conundrum that is going to test their sagacity.

1. Conundrum [kuh-nuhn-druh m] 

Noun : a riddle, the answer to which involves a pun or play on words; anything that puzzles.
Synonyms : enigma, mystery, riddle, brain-teaser, mystification, poser, problem, puzzlement.

2. Sagacity [suh-gas-i-tee] 

Noun : acuteness of mental discernment and soundness of judgment.
Synonyms : acumen, astuteness, brains, comprehension, discernment, discrimination, enlightenment, experience, foresight, insight, intelligence, judgment, knowledge.
Antonyms : ignorance, inability, ineptness, misinterpretation, mistake.

Example : Economists, including Chief Economic Adviser Arvind Subramanian, have openly questioned the assumptions made by the majority of the members of the RBI’s Monetary Policy Committee with regard to prices and have urged a reboot of the policy rationale.

3. Urge [urj] 

Verb : to push or force along; impel with force or vigor; to drive with incitement to speed or effort; to press, push, or hasten (the course, activities, etc; to impel, constrain, or move to some action.
Synonyms : adopted, advanced, aided, approved, backed, boosted, commended, endorsed, favored.
Antonyms : disapproved, discouraged, condemned, opposed, prohibited.

4. Reboot [verb ree-boot; noun ree-boot, ree-boot] 

Verb : to restart (a computer) by loading the operating system; boot again; to produce a distinctly new version of (an established media franchise, as a film, TV show, video game, or comic book).
Noun : an act or instance of restarting a computer; an act or instance of making a change in order to establish a new beginning; a distinctly new version of an established media franchise.
Synonyms : reset, bootstrap, load, restart, start, cold boot, start computer.

5. Rationale [rash-uh-nal] 

Noun : the fundamental reason or reasons serving to account for something; a statement of reasons; a reasoned exposition of principles.
Synonyms : excuse, explanation, hypothesis, justification, motivation, motive, philosophy, principle, rationalization, reason, theory, account, exposition.
Antonyms : discouragement, proof, reality.

Example : Core inflation, which strips out the relatively volatile food and fuel prices, has also trended lower and eased below 4% for the first time in at least five years.

6. Strip out [strip-out]

Verb : (transitive) to remove the working parts of (a machine); to remove (a chemical or component) from a mixture.

7. Volatile [vol-uh-tl, -til or, esp. British, -tahyl] 

Adjective : evaporating rapidly; passing off readily in the form of vapor; tending or threatening to break out into open violence; explosive; changeable; mercurial; flighty.
Antonyms : certain, constant, definite, dependable, reliable, stable.

Example : And with the latest industrial output data from May reflecting weaknesses in key sectors like capital goods and consumer durables, the reasoning behind demands for monetary action that could help spur both investment and consumer demand is evident.

8. Durable [doo r-uh-buh l, dyoo r-] 

Adjective : able to resist wear, decay, etc., well; lasting; enduring.
Noun : durables, durable goods.
Synonyms : consumer durables, consumer goods, hard goods.

9. Spur [spur] 

Noun : a U -shaped device that slips over and straps to the heel of a boot and has a blunt, pointed, or roweled projection at the back for use by a mounted rider to urge a horse forward; anything that goads, impels, or urges, as to action, speed, or achievement.
Verb : to prick with or as if with a spur or spurs; incite or urge on; to strike or wound with the spur, as a gamecock; to furnish with spurs or a spur.
Synonyms : activation, actuation, catalyst, excitant, goad, goose, impetus, impulse, incentive, incitation, inducement.
Antonyms : block, deterrent, discouragement, hindrance, prevention, curb.

Example : Others have also flagged concerns about “deflationary trends” and the risks of relying too heavily on forecasting models.

10. Flag [flag] 

Noun : a piece of cloth, varying in size, shape, color, and design, usually attached at one edge to a staff or cord, and used as the symbol of a nation, state, or organization, as a means of signaling, etc.; ensign; standard; banner; pennant.
Verb : to place a flag or flags over or on; decorate with flags; to signal or warn (a person, automobile, etc.) with or as if with a flag (sometimes followed by down); to communicate (information) by or as if by a flag; to decoy, as game, by waving a flag or the like to excite attention or curiosity; to mark for attention.
Synonyms : abate, deteriorate, ebb, fade, languish, sag, taper off, wane, die, droop, fail, faint.
Antonyms : enhance, grow, improve, increase, rise, strengthen, win, do well.