Target Exam

CUET

Subject

English

Chapter

Comprehension - (Narrative / Factual)

Question:

Read the given passage and answer the four questions that follow:-

As soon as I entered this fascinating world I was looked upon with great expectations. The world was full of racism yet I was held in high esteem. People from the United States of America to Antartica looked at me as I rolled out from the parentage of Europeans. Since economists, raging bulls and bears did not know much about me, I caught the apprehension of my parents, the share market holders, the financial experts, scholars, students and so on. At my birth, I was placed on the lap of my mother, the Federal Bank.

Frankly, my brother Lira, my sister Sterling and my extended family members like the Deutsch Mark and the Yen were quite jealous of me. I knew my worth. I reveal this secret of mine. I am a form of money held or traded outside the country, in whose currency its value is stated. In future I will be globally accepted by the members of all the nations.

I now take pride of place in Euromarket, a financial market which deals with European currencies. I do not want to roll over, but I'd love to be accepted by the developing as well as underdeveloped nations.

Identify the statement that is not true according to the passage:

Options:

The European financial markets went into a tizzy at the launch of the Euro.

The other currencies were envious of the Euro.

In spite of the biases, nations across the world accepted me with open arms.

My uniqueness lies in my ability to be valid only in my own country.

Correct Answer:

My uniqueness lies in my ability to be valid only in my own country.

Explanation:

The correct answer is Option (4) → My uniqueness lies in my ability to be valid only in my own country.

This statement is false because the passage clearly says:

  • “I am a form of money held or traded outside the country in whose currency its value is stated.”

  • The narrator (Euro) is internationally traded, not restricted to one country.

  • The Euro is globally accepted and belongs to the Euromarket.