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English Quiz Based on New Pattern Set - 61

image 2017-12-06 14:42:16
English Quiz Based on New Pattern Set - 61

Comprehension: Below a passage is given with ten blanks labelled (A)- (J).Below the passage five options are given for each blank.Choose the word that fits the blank most appropriately in the context of the passage and mark the corresponding answer.

The Reserve Bank of India has _(A)_ banks to facilitate issuance of prepaid payments instruments (PPIs) to unlisted corporates, public entities like municipal corporations and urban local bodies to deepen _(B)_ transaction system.
"In order to _(C)_ greater adoption of digital payments, banks may include other entities/employers such as unlisted corporates, partnership firms, sole proprietorship, public organisations like municipal corporations, urban local bodies (employers) for onward issuance to their staff or contract workers," the RBI said. Pre-paid payment instruments _(D)_ purchase of goods and services, including funds transfer, against the value stored in it.
Earlier, firms were required to be listed on any of the bourses in India to be _(E)_ to get prepaid instruments issued by banks. RBI also instructed banks to issue PPIs to only those entities that have a bank account with them and also upon an undertaking that they do not avail _(F)_ facility from any other bank.
Verification of the identity of the staff / employees / contract workers, etc shall be the _(G)_ of the concerned employer, RBI said, adding the bank _(H)_ put in place proper systems to capture and maintain details of the employees to whom the PPIs are issued. "Banks shall load/reload PPIs after obtaining necessary authorisation and details of the employees/staff /contract workers, etc. from the employers," the RBI said.
As per RBI norms. a PPI can be loaded with maximum Rs 50,000. Also, if the PPI owner wants to _(I)_ fund to the regular bank account, the bank is mandated to facilitate it. Among others, banks are also responsible to _(J)_ all customer service aspects related to the PPI. The above changes will come into effect from the date of this circular, the RBI said.


Q1: Which of the following words most appropriately fits the blank labelled (A)?
a. Permitted
b. Allowed
c. Ordered
d. Both 1 and 3
e. Both 1 and 2

Q2: Which of the following words most appropriately fits the blank labelled (B)?
a. Better
b. Digital
c. Cashless
d. Online
e. Higher

Q3: Which of the following words most appropriately fits the blank labelled (C)?
a. Facilitate
b. Felicitate
c. Felicitous
d. Affect
e. Hinder

Q4: Which of the following words most appropriately fits the blank labelled (D)?
a. Helps
b. Helping
c. Help
d. Is helping
e. Was helping

Q5: Which of the following words most appropriately fits the blank labelled (E)?
a. Needed
b. Necessitated
c. Purchased
d. Eligible
e. Selected

Q6: Which of the following words most appropriately fits the blank labelled (F)?
a. These
b. They
c. This
d. Their
e. Them

Q7: Which of the following words most appropriately fits the blank labelled (G)?
a. Duty
b. Role
c. Responsibility
d. Function
e. All of the above

Q8: Which of the following words most appropriately fits the blank labelled (H)?
a. Should
b. Could
c. Would
d. Will
e. When

Q9: Which of the following words most appropriately fits the blank labelled (I)?
a. Renovate
b. Change
c. Convert
d. Transfer
e. Modify

Q10: Which of the following words most appropriately fits the blank labelled (J)?
a. Give
b. Help
c. Provide
d. Assist
e. Details

Answers:

Ans1. e
The sentence is trying to say that the RBI has given permission to banks. Thus this is not a 'command' issued by the RBI. Thus 'order' is eliminated. The correct words to fit the blank are 'permitted as well as 'allowed'.

Ans2. b
Prepaid instruments can be linked only to 'digital' modes of payment and thus it is the correct option to fit the blank. 'Higher' and better are generic words and do not fit the blank contextually.

Ans3. a
The process is going to help the banks and thus we are looking for a word that will be a synonym for 'encourage'. Thus the correct word to fit the blank is 'facilitate. 'Felicitate means 'to congratulate and 'felicitous' means well chosen or suited to the circumstances'.

Ans4. c
Since the subject of the sentence is prepaid instruments that is plural, the correct verb to fit the blank is 'help' as it is the third person plural form of the verb.

Ans5. d
The banks needed to fulfil some conditions earlier. We are looking for a word that will imply that the banks were satisfying the appropriate conditions and were qualified to get prepaid instruments. Thus the correct word to fit the blank is 'eligible'.

Ans6. c
We need a word that will specify the facility that can be availed from the bank. Thus the correct word to fit the blank is 'this'.

Ans7. e
The blank is looking for a word that is talks about the objective of the concerned employer. Thus any of the words from the given options can fit the blank.

Ans8. a
The sentence is looking for a modal that will express obligation and thus the correct word to fit the blank is 'should'.

Ans9. d
The blank is looking for a word that will imply the action on the funds and thus the correct word to fit the blank is 'transfer'. The funds cannot be 'renovated', 'changed', 'converted' or 'modified'.

Ans10. c
The blank is looking for a word that will mean that the banks have the responsibility to make available the information. Thus the correct word to fit the blank is 'provide'.