Skip to main content

English Quiz Reading Comprehension for Competitive Exams

English Quiz Reading Comprehension for Competitive Exams : Part - 6

English Quiz Reading Comprehension for Competitive Exams : Part – 6

Directions (1-6) Read the following passage carefully and answer the questions that follow. 
The fines paid to America’s financial regulators by errant bankers vary enormously these days: from sky-high to stratospheric. Deutsche Bank is fighting a demand for $14bn. BNP Paribas paid $9bn last year for facilitating the evasion of American sanctions. So eyebrows were raised at the final settlement disclosed this month between the state-controlled Agricultural Bank of China (ABC) and New York’s Department of Financial Services (DFS). The fine imposed on the bank was a mere $215m.
The comparative leniency towards ABC is probably a consequence of a failure to prove that many illegal transactions took place. But that by itself produced unresolved suspicions; compliance systems made transfers untraceable. In 2014 a new compliance officer at the two-year-old New York branch reported finding an “alarming” pattern of transactions; 20-30% were “virtually impervious to screening” for sanction violations.
In the “alarming” category were large transfers between Chinese companies and companies in Russia and Yemen; dollar-denominated payments from the United Arab Emirates; and dollar transfers from a Turkish bank to an Afghan one with ties to drug-traffickers. Invoices were suspected of being counterfeit. Documents suggested dealings on behalf of “a sanctioned Iranian party”.

Learn more articles here…

Comments

Post a Comment

Thank you we will contact ASAP.

Popular posts from this blog

Why is Hindi Day celebrated on 14 September?

Why is Hindi Day celebrated on 14 September? After independence, the Government of India set a goal to give an ideal form to the mother tongue of the country and set a target for grammar and orthography using the Devanagari script to bring standardization in writing. Subsequently, on September 14, 1949, the Constituent Assembly decided by a vote that Hindi would be the official language of India. To propagate the importance of this decision and to spread Hindi in every region, India is celebrating Hindi Day every year from 1953 to 14 September, at the request of Rashtrabhasha Prachar Samiti, Wardha. Apart from this, 14 September is also the birthday of Rajendra Singh, who worked tirelessly to make Hindi the official language of India. Hindi Day is observed every year on 14 September to mark the importance of the Hindi language in the country. The Hindi language is one of the oldest languages, which derives most of its academic vocabulary from the Sanskrit language written in the Deva
Post a Comment
Read more

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material  Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne
Post a Comment
Read more