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Iron is more useful than any other metal.

= No other metal is as useful as iron.

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Read the following passage carefully and answer the questions given below.The Italian banking system became the model for those North European nations that would achieve the greatest commercial success in the coming centuries, notably the Dutch, the English, and the Swedes. It was in Amsterdam, London and Stockholm that the next decisive wave of financial or innovation occurred, as the forerunners of modern central banks made their first appearance. The seventeenth century saw the foundation of three distinctly novel institutions that, in their differen in ways, were intended to serve a public as well as a private financial function. The Amsterdam Exchange Bank, i.e. the Wisselbank, was set up in 1609 to resolve the practical problems created for merchants by the circulation of multiple currencies in the United Provinces, where there were no fewer than fourteen different mints and copious quantities of foreign coins. By allowing merchants to set up accounts denominated in a standardized currency, the Exchange Bank pioneered the system of cheques and direct debits or transfers that we take for granted today. This allowed more and more commercial transactions to take place without the need for the sums involved to materialize in actual coins. Financial historians disagree as to how far the growth of banking after the seventeenth century can be credited with the acceleration of economic growth that began in Britain in the late eighteenth 20 5 century and then spread to Western Europe, North America and Australasia. But banks played a more important role in continental European industrialization than they did in England's.a) Where did the precursors of modern central banks make their first appearance? b) What practical problem was the Wisselbank required to resolve in its initial days?c) How did the Amsterdam Exchange Bank respond to the demand of the age? d) What are the points of disagreement among the financial historians with respect to growth of banking vis-a-vis growth of economy? e) Choose a suitable title for above composition.
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Write a precis of the following paragraph and provide a title:The stated intention of most regulators is to maintain stability within the financial services sector, thereby protecting the consumers whom banks serve and the 'real' economy which the industry supports. Every shock to the financial system must result in casualties. Left to itself, natural selection should work fast to eliminate the weakest institution in the market, which typically are gobbled up by the successful. But most crises also usher in new rules and regulations, as legislators and regulators rush to stabilize the financial system and to protect consumers who are also voters. The critical point is that the possibility of extinction cannot and should not be removed by excessively precautionary rules. As Joseph Schumpeter wrote more than seventy years ago, 'This economic system cannot do without the ultima ratio of the complete destruction of those existences which are irretrievably associated with the hopelessly unadapted.' This meant, in his view, nothing less than the disappearance of 'those firms which are unfit to live'. It remains to be seen whether the extraordinary measures taken by Western governments since September 2008 will have the desired effect of preventing complete breakdown of the financial system or whether they will in fact end up impeding the process of financial evolution.
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Read the following passage and answer the questions that follow: We, who live in the present day world, are proud to call ourselves civilized. Is it because we live and dress better than our forefathers? Of course, we have the advantages of the inventions of science which our ancestors had never known. But let us search our heart and ask ourselves, "Had science solved our problems?" Frankly speaking the answer is "no". In fact, science has added to our worries. Perhaps, now, we can kill more easily and swiftly than ever before. And then we have not given up the old habit of fighting. That is why we have wars after every decade or two. If we wish to be really civilized, let us learn to live in peace. Let us achieve the brotherhood of man.Questions:a) Why do we feel proud in the present-day world?b) Why do we call ourselves civilized? c) Has science made us truly civilized? Why?d) How can we become truly civilized? e) Write a suitable title of the passage.
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The prevalence of teenage employment in Bangladesh is controversial. Questions have been raised regarding whether adolescents should work and if they do, what the terms and conditions will be. It is argued that work experience can promote the healthy development of adolescents when it is moderate in intensity and does not interfere with physical and mental growth. According to Bangladesh Labour Act 2006, an adolescent is defined as a person above the age of 14 but below 18. According to the law, before the appointment of a job, ascertainment of the age, birth, school, or registered physician's certificate regarding the age of the adolescent shall be used. After the appointment, some other conditions shall have to be followed regarding working hours, hazardous works, etc. Adolescents shall not be required to work between 7 pm to 7a.m and the working hours shall not be more then 5 hours in a day and 32 hours in a week. In addition, adolescents shouldn't clean, lubricate of adjust any part of machinery in motion. Further, the employment of adolescents on dangerous machines without full instruction, precaution, and sufficient training, is prohibited. However, the proper implementation of existing regulations is questionable. For the smooth physical and mental development of adolescents, the authorities should implement the laws strictly to build up a healthy and prosperous generation. (Prepare a precis of the following text)
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