Today’s article, ‘The money trail: on the need for investor awareness on cryptocurrencies‘ has been picked from ‘The Hindu’
This article discusses the need for complete awareness about the bitcoin and other cryptocurrencies before making a decision to invest in them. The article talks about the warning of the finance ministry to such investors as the investment in bitcoin and other cryptocurrencies increased very much in India over the past year, but most new users do not know how to verify the genuineness of a particular cryptocurrency.
Challenging Words in the Article –
1)Proliferate(noun) (प्रसार) : pr-lif-er-ey-shun
Meaning –a rapid increase in the number or amount of something.
Synonyms – growth, spread, escalation, expansion
Antonyms – decline, nonproliferation, abatement, cutback, alleviation
Example – As cell phones become more and more multi-functional, their use continues to proliferate and you see them and hear them just about everywhere you go.
2)Emptor (noun) (खरीदार): emp-tor
Meaning – a person who makes a purchase; a buyer.
Antonyms – Supplier, broker, dealer hawker, Marketer, seller
Example –As a Car emptor , I am more interested in safety and reliability than speed.
3)Spurious(adjective) (जाली, नक़ली): spyoor-ee-us
Meaning – not real or genuine, not being what it purports to be;
Synonyms – fake, bogus, specious, false, counterfeit
Antonyms – Real, original, authentic
Example – After receiving a low appraisal on my diamond ring, I realized the suspicious-looking jeweller had sold me a spurious ring.
4)Immutable (adjective) (अडिग): ih-myoo-tu-bull
Meaning – unchanging over time or unable to be changed.
Synonyms-: unchangeable, fixed, set, rigid, inflexible
Antonyms – changeable, capricious, flexible, mutable
Example – Although I tried to get the bank president to change his mind about giving me the loan, I finally realized his decision was immutable.
5)Daunted (verb) (क़ाबू में करना) – dawn-ted
Meaning – make (someone) feel intimidated or apprehensive.
Synonyms – intimidate, abash, take aback, shake, ruffle
Antonyms – composed, dauntless, bold
Example –Some people are daunted by technology.
6)Intensify(verb) (तीव्र करना) – in-ten-si-fay
Meaning – to make something more intense
Synonyms – escalate, step up, boost, increase, raise
Antonyms – decrease,diminish,discourage,dull,halt
Example – Your pain will intensify greatly if you decide to play sports with a broken limb.
7)Caveat(noun) (चेतावनी) – ca-ve-at
Meaning – a warning of the limits of a particular agreement or statement
Synonyms– caution, admonition, monition
Example – Before you make your final decision, you must consider the caveat in this agreement.
8)Speculation (noun) (सट्टा , अटकलबाज़ी ) – spek-yu-ley-shun
Meaning – the act of trading/investing in an asset, stocks, property, etc. in the hope of gain but with the risk of loss, the forming of a theory or conjecture without firm evidence,
Synonyms– gamble, chance
Antonyms – Fact, surity
Example – Father dismissed the proposal of the son for an investment as it was a speculation.
9)Undermine (verb) (कमजोर करना) – under-mine
Meaning – lessen the effectiveness, power, or ability of, especially gradually or insidiously
Synonyms – weaken, hinder, sabotage
Antonyms – strengthen, support, bolster, reinforce
Example – Do not let the moments of stress undermine your years of hard work in this work.
10)Caveat Emptor (noun) – (सावधान क्रेता )
Meaning – The principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made.
Synonyms –account, acquisition
Example – Property investment comes with the inherent risk of caveat emptor, therefore it is important to learn as much as possible about the property prior to purchase.
11)Money Trail(noun) –
Meaning – A series of connected financial transactions and exchanges, especially when revealed during the investigation of a crime.
Example – When CBI raided the chief minister, the unexpected money trail stories came into limelight.
Word of the Day
- Bereavement (Noun) – शोक
- Meaning –the action or condition of being bereaved, the death of a close relation or friend
- Synonyms – mourning, grief, sadness, sorrow
- Antonyms – comfort, happiness
- Example (English) – SBI has introduced a week’s special bereavement leave for staff.
- Example (Hindi) – एसबीआई ने कर्मचारियों के लिए एक सप्ताह के विशेष शोक अवकाश की शुरुआत की।
Try to answer the following questions which are based on this passage –
- What is the difference between the cryptocurrencies and the blockchain technology as mentioned in the article ?
- What are the reasons that make Bitcoin and other cryptocurrencies volatile?
Now it’s time to check your vocabulary. We have given below some words from the same article. Try to make sentences with these words in the comment section which will be reviewed by us.
All the best for your exams