Today’s article, ‘Turf war: On Indian bourses and overseas trade‘ has been picked from ‘The Hindu’
The article talks about the current scenario of Indian Stock Exchanges. The article says that India’s policymakers should first of all address the structural problems that have caused trading in Indian derivatives to move offshore instead of giving any other immediate response which favours domestic exchanges.
Challenging Words in the Article –
1)Allure( आकर्षित करना,फुसलाना, बहलाना ): uh-loor
Meaning – the quality of being powerfully and mysteriously attractive or fascinating (Noun) /powerfully attract or charm (Verb)
Synonyms – attract, lure, entice, tempt,captivate
Antonyms – revolt, disgust, repulse, sicken, repulse
Example – Because I love the allure of the ocean waters, I enjoy spending time at the beach.
2)Patronage (noun) (संरक्षण,सहायता): patro-naj
Meaning – support or sponsorship/ support given by a patron/the power to control appointments to office or the right to privileges.
Synonyms – sponsorship, backing, funding, financing, philanthropy, promotion
Antonyms – blockage, hindrance,discouragement,disapproval
Example – Since patronage of the food kitchen has decreased, we have had to reduce the number of meals we serve the homeless each day.
3)Spur(verb) (प्रेरणा): es-pur
Meaning – to motivate an individual or group into action/a thing that prompts or encourages someone; an incentive.
Synonyms – stimulus, incentive, encouragement, stimulant
Antonyms – disincentive, discouragement
Example –When the recruiter spoke to the students, he hoped his talk would spur some of the young people into entering the military.
4)Crackdown (noun) (कार्रवाई): krack-daun
Meaning – a series of severe measures to restrict undesirable or illegal people or behaviour.
Synonyms – clampdown, getting tough, repression, suppression, abolition, elimination, eradication, end
Antonyms – abet, aid, assist, back, help, prop up, support
Example – The police began a crackdown on illegal parking.
5)Derivative (noun) (यौगिक): deri-vay-tive
Meaning – an object or idea that is produced from something else
Synonyms – secondary, secondhand, unoriginal,consequent, resultant
Antonyms – fundamental, nonderivative, first, primary,basic
Example – Shahid and Mira named their child Misha as it is a derivative of both of the names.
6)Bourses (noun) (शेयर बाजार): burse
Meaning – a stock market in a non-English-speaking country, especially France/the Paris stock exchange.
Example – The top 40 companies on the Paris bourse have been pulling in record profits.
7)Offshore(adjective) (समुद्र में तट से दूर): off-sore
Meaning – located some distance from the shore/made, situated, or registered abroad,
Synonyms – seaward, asea
Antonyms – onshore
Example – Rich people often use offshore banks in an effort to avoid paying taxes.
Phrases/Phrasal Verbs in the Article –
8)Knee-Jerk Response (idiom/adjective) (कारण या तथ्यों की जांच के बिना तत्काल प्रतिक्रिया): nee-jurk-res-ponse
Meaning –automatic and unthinking reaction/ an immediate reaction made without examining cause or facts.
Synonyms –immediate,spontaneous,instinctive, instinctual
Antonyms – calculated, conscious, aforethought, careful, forethoughtful, measured, reasoned, thoughtful
Example – In a knee-jerk reaction after the big defeat, the coach dropped many of the players and fielded a new look team for the next match.
9)Take-off (adjective) (उड़ना,सफल हो जाना): take-off
Meaning – (of an enterprise or a plan) become successful or popular.
Synonyms – succeed, catch on, progress, prosper, flourish, thrive, boom, turn out well, work (out)
Antonyms – fail, flop
Example –The newly launched electronic newspaper has really taken off.
10)Rein-in (phrasal verb) (रोकना): rein-in
Meaning – to limit or control (someone or something)
Synonyms –control, curb, halt, prevent
Antonyms –allow, assist, continue
Example – You must rein in your spendings if you want to save something for the better future of your family.
Now that you have read the words and the editorial, it is time to test your English writing ability. Make sentences with the words given below and write in Comments Section which will be reviewed by us.
Word of the Day
- Extol (Verb) – प्रशंसा करना,सराहना करना
- Meaning – show strong approval of (a person or action)
- Synonyms: praise, acclaim, commend, laud
- Antonyms-: blame, criticize, disapprove
- Example (English) –Air India has extolled the presence of mind shown by Captain Anupama Kohli for saving midair collision.
- Example (Hindi) – एयर इंडिया ने मध्य हवाई टक्कर को बचाने के लिए कप्तान अनुपमा कोहली द्वारा दिखाई गई सूझबूझ की सराहना की है।
All the best for your exams