Banking
Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
The modern world (1) ________ around technology. It has advanced dramatically in the beyond twenty years, and presently, we can't envision a world without PCs and cell phones. The last century saw fast progressions in innovation and science, which were unfathomable previously. The internet is perhaps the most significant of these. Today, it is no longer a science fiction concept to communicate with people anywhere in the world. While smartphones keep us constantly connected to the virtual world, the wireless internet has eliminated the need to use a physical wire to connect with this world. Today, we rely on the Internet to pay our bills, book tickets, travel, and conduct banking transactions. Li-Fi, a new technology that uses light signals to (2) ________ data and reduces external interference, is currently in development. On the other hand, such rapid progress comes with some (3) ________. Another sort of wrongdoing, known as digital wrongdoing, is the greatest danger to security today. WannaCry was one of the biggest recent cyberattacks. It infected more than 230,000 computers in over 150 countries and threatened to erase valuable data unless ransom payments were made. Personal and (4) ________ data continue to be stolen frequently, and our country's cyber security is still lacking. It's also possible to say that people miss out on important experiences in the real world because they spend so much time in the virtual world. The distinction between the real and online worlds sometimes appears to blur, especially as social media grows in popularity. For instance, the internet was said to have become so addictive in China that programmes were established to help people get off of it. However, technology's benefits (5)________ its drawbacks. It all comes down to what we do with it. One thing to keep in mind is that technology can serve us well, but not completely.
Select the most appropriate option to fill in the blank no. 4.
Option 1: secret
Option 2: confidential
Option 3: regular
Option 4: common
Correct Answer: confidential
Solution : The most appropriate choice is the second option.
The term confidential refers to information that is private or not meant to be disclosed to others. In the context of the passage, it discusses the theft of personal and confidential data.
Select the most appropriate option to fill in the blank no. 3.
Option 1: drawbacks
Option 2: snag
Option 3: hitch
Option 4: liabilities
Correct Answer: drawbacks
Solution : The most appropriate choice is the first option.
In the context of the passage, the term drawbacks refers to the negative aspects or disadvantages that come with rapid technological progress.
Question : Statement 1: Entrepreneurship is important for fostering innovation and introducing new products and services in the market.
Statement 2: The Pradhan Mantri Kaushal Vikas Yojana provides skill development training to young individuals for employability.
Option 1: Both statements are true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 2 is true, but statement 1 is false.
Option 4: Both statements are false.
Correct Answer: Both statements are true.
Solution : The correct answer is (a) Both statements are true.
Statement 1 is accurate in stating that entrepreneurship is important for fostering innovation and introducing new products and services in the market.
Statement 2 is also true. The Pradhan Mantri Kaushal Vikas Yojana
Question : Which of the following is not a function of the Reserve Bank of India (RBI)?
Option 1: Issuing currency notes
Option 2: Regulating the banking system
Option 3: Regulating the securities market
Option 4: Managing the foreign exchange reserves of India
Correct Answer: Regulating the securities market
Solution : The correct answer is (c). Regulating the securities market
The Reserve Bank of India (RBI) performs multiple functions, but regulating the securities market is not one of them. The correct answer is c) Regulating the securities market.
The functions of the Reserve
Question : In what way has Ain-i-Akbari contributed to the understanding of Mughal economic policies?
Option 1: By detailing trade routes and partnerships
Option 2: By outlining the taxation and revenue collection system
Option 3: By describing the currency and banking system
Option 4: By explaining the import-export regulations
Correct Answer: By outlining the taxation and revenue collection system
Solution : Correct Option: Option 2 Explanation: Ain-i-Akbari has contributed to the understanding of Mughal economic policies by outlining the taxation and revenue collection system, which was a crucial aspect of the empire's economic management.
Question : Which of the following organizations is responsible for setting international standards for banking and financial transactions, including foreign exchange operations?
Option 1: World Trade Organization (WTO)
Option 2: International Monetary Fund (IMF)
Option 3: Bank for International Settlements (BIS)
Option 4: World Bank
Correct Answer: Bank for International Settlements (BIS)
Solution : The correct option is c) Bank for International Settlements (BIS)
The Bank for International Settlements (BIS) is responsible for setting international standards for banking and financial transactions, including foreign exchange operations. The BIS is an international financial institution that serves as
Question : Select the most appropriate option to improve the underlined segment in the given sentence. If there is no need to improve it, select 'No improvement'.
You will be in trouble if you don't obey to my orders.
Option 1: obey with my
Option 2: No improvement
Option 3: obeying my
Option 4: obey my
Correct Answer: obey my
Solution : The correct choice is the fourth option.
The verb obey is a transitive verb, and it is directly followed by an object, which in this case is me.
Therefore, the correct sentence is: You will be in trouble if you don't obey my
Question : In which year was the Banking Regulation Act passed in India?
Option 1: 1947
Option 2: 1950
Option 3: 1949
Option 4: 1934
Correct Answer: 1949
Solution : The correct answer is (c) 1949
The Banking Regulation Act of India was enacted in 1949 to regulate the functioning and operations of banks in the country. It aimed to provide a comprehensive legal framework for the banking sector and introduced various regulations and provisions
Question : Statement 1: The services sector contributes significantly to the GDP of India, Pakistan, and China.
Statement 2: Services such as banking, education, healthcare, and tourism play a crucial role in the economies of these countries.
Option 2: Both statements are false.
Option 3: Statement 1 is true, Statement 2 is false.
Option 4: Statement 2 is true, Statement 1 is false.
Statement 1 states that the services sector contributes significantly to the GDP of India, Pakistan, and China, which is true. The services sector plays a crucial role in the economies of these countries,
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