Today’s article, ‘Gem of a scam: On PNB fraud‘ has been picked from ‘The Hindu’
This article sheds light on the big scam of a ₹11,500-crore in India’s second largest public sector bank Punjab National Bank.The article says that PNB fraud, which is perhaps the largest such scam in India, must be speedily investigated by RBI and other investigating agencies to restore the faith of everyone in the banking system.
Challenging Words in the Article –
1)Perpetrate (Noun)( पाप करना): per-pet-rate
Meaning –carry out or commit (a harmful, illegal, or immoral action).
Synonyms – commit, carry out, perform, execute, do, effect
Antonyms –skimp, slight, slur
Example – The young man decided to perpetrate a crime to show his value to the gang leader.
2)Ostensibly (Noun)( प्रत्यक्ष तौर पर): osten-si-baly
Meaning – as appears or is stated to be true, though not necessarily so; apparently.
Synonyms – apparently, seemingly, professedly, supposedly, purportedly
Antonyms – genuinely, really, truly
Example – Ostensibly, the surveillance cameras have been installed for our protection, but we believe management uses them to monitor our daily activities.
3)Maverick (Noun)( आवारा,अपरंपरागत): mav-rik
Meaning –tending to choose a different path from everyone else/an unconventional or independent-minded person.
Synonyms – bohemian,extremist,dissenter,malcontent
Example – When the maverick actor tried to rewrite the script, he was removed from the project and replaced by a newcomer.
4)Astounding(Noun)( चकित करनेवाला): as-town-ding
Meaning – surprisingly impressive or notable.
Synonyms – amazing, astonishing, staggering, shocking, surprising, breathtaking, striking
Antonyms –common, customary, mundane, normal, ordinary, typical
Example – It is astounding that half of all crime in Britain is committed by people under the age of 21.
5)Nexus(Noun)( बंधन,संबंध): nex-as
Meaning – a connection or series of connections linking two or more things,a central or focal point.
Synonyms – centre,connection,link,network
Example – The nexus between industry and political power is clearly visible.
6)Brass(Noun)( अधिकारी या उच्च रैंक के लोग): brass
Meaning – people in authority or of high military rank.
Synonyms – board,cabinet,presidency
Antonyms –lower ranked
Example – The top brass are coming to the city to see how we do things here.
Meaning – illegally obtain money from (someone) by deception.
Synonyms – swindle, cheat, fool, deceive, dupe, hoodwink,
Example – He used a second identity to defraud the bank of thousands of pounds
8)Due diligence (Noun)( यथोचित ): dew-dili-gence
Meaning – reasonable steps taken by a person to avoid committing a tort or offence/the process of carefully examining something or someone, especially before agreeing to buy it or employ them or before advising someone else to buy it or employ them
Synonyms – examination, analysis, review, alertness
Antonyms – carelessness,inactivity,indolence
Example – It is the employer’s duty to exercise due diligence when appointing new staff.
Idioms/Phrases in the article –
9)Blow the lid off (Phrase)( जनता के बीच पर्दाफाश करना ):
Meaning – To expose something to the public, often something scandalous or deceptive.
Synonyms – reveal, bring to light, uncover
Antonyms – conceal,cover,hide
Example – That company’s stock price plummeted after the media blew the lid off its CEO’s scandal.
10)Keep a close watch/eye (Phrase)( सावधानीपूर्वक देखना ):
Meaning – To monitor someone or something close/to watch closely or carefully
Synonyms – pay attention,protect,nurture,look after
Antonyms – Ignore, neglect, disregard, forget
Example – Please keep an eye on baby while his mother is in the kitchen.
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.
Question – What is your opinion regarding this scam in Punjab National Bank?
Word of the Day
- Talismanic (Adjective) – जादुई
- Meaning – anything whose presence exercises a remarkable or powerful influence on human feelings or actions
- Synonyms: magical, sorcerous, extraordinary, unusual, wonderful
- Antonyms-: natural
- Example (English) – The talismanic Virat Kohli’s Team India became the first to win an ODI series in SA.
- Example (Hindi) – जादुई विराट कोहली की टीम इंडिया दक्षिण अफ्रीका में वनडे श्रृंखला जीतने वाली पहली टीम बन गई है।
All the best for your exams