freetests4u.com

Online knowledge sharing platform

IBPS English Comprehension Test 6

Read the following passage carefully and answer the questions given below it.

            Banking sector reforms in India were introduced in order to improve efficiency in the process of financial intermediation. It was expected that banks would take advantage of the changing operational environment and improve their performance. Towards this end, the Reserve Bank of India initiated a host of measures for the creation of a competitive environment. Deregulation of interest rates on both deposit and lending sides imparted freedom to banks to appropriate price their products and services. To compete effectively with non-banking entities, banks were permitted to undertake newer activities like investment banking, securities trading and insurance business. This was facilitated through amendments in the relevant acts which permitted PSBs to raise equity from the market up to threshold limit and also enabling the entry of new private and foreign banks.

            This changing face of banking led to an erosion of margins on traditional banking business, promoting banks to search for newer activities to augment their free incomes. At the same time, banks also needed to devote focused attention to operational efficiency in order to contain their transaction costs. Simultaneously with the deregulation measures prudential norms were instituted to strengthen the safety and soundness of the banking system. Recent internal empirical research found that over the period 1992-2003, there has been a discernible improvement in the efficiency of Indian banks. The increasing trend in efficiency has been fairly uniform, irrespective of the ownership pattern. The rate of such improvement has, however, not been sufficiently high. The analysis also reveals that PSBs and private sector banks in India did not differ significantly in terms of their efficiency measures. Foreign banks, on the other hand, recorded higher efficiency as compared with their Indian counterparts.



1.

Banking sector reforms in India were introduced for the purpose of


Notice: Use of undefined constant OPT1 - assumed 'OPT1' in /var/www/html/etest.php on line 41
Giving more and more employment opportunities to the educated unemployed

Notice: Use of undefined constant OPT2 - assumed 'OPT2' in /var/www/html/etest.php on line 42
Taking care of the downtrodden masses

Notice: Use of undefined constant OPT3 - assumed 'OPT3' in /var/www/html/etest.php on line 43
Increasing efficiency in the banking activities

Notice: Use of undefined constant OPT4 - assumed 'OPT4' in /var/www/html/etest.php on line 44
Giving better return to the Central Government

Notice: Use of undefined constant OPT5 - assumed 'OPT5' in /var/www/html/etest.php on line 45
None of these


2.

Banks can control their transaction costs by


Notice: Use of undefined constant OPT1 - assumed 'OPT1' in /var/www/html/etest.php on line 41
Restricting their lending activities

Notice: Use of undefined constant OPT2 - assumed 'OPT2' in /var/www/html/etest.php on line 42
Undertaking more and more non-banking activities

Notice: Use of undefined constant OPT3 - assumed 'OPT3' in /var/www/html/etest.php on line 43
Encouraging the customers to bank with other banks

Notice: Use of undefined constant OPT4 - assumed 'OPT4' in /var/www/html/etest.php on line 44
Devoting more attention to operational efficiency

Notice: Use of undefined constant OPT5 - assumed 'OPT5' in /var/www/html/etest.php on line 45
None of these


3.

Choose the word which is most nearly the same in meaning as the word used in the passage. Relevant :


Notice: Use of undefined constant OPT1 - assumed 'OPT1' in /var/www/html/etest.php on line 41
Recorded

Notice: Use of undefined constant OPT2 - assumed 'OPT2' in /var/www/html/etest.php on line 42
Opposite

Notice: Use of undefined constant OPT3 - assumed 'OPT3' in /var/www/html/etest.php on line 43
Appropriate

Notice: Use of undefined constant OPT4 - assumed 'OPT4' in /var/www/html/etest.php on line 44
Stringent

Notice: Use of undefined constant OPT5 - assumed 'OPT5' in /var/www/html/etest.php on line 45
Germane


4.

Choose the word which is most nearly the same in meaning as the word used in the passage. Augment :


Notice: Use of undefined constant OPT1 - assumed 'OPT1' in /var/www/html/etest.php on line 41
Make

Notice: Use of undefined constant OPT2 - assumed 'OPT2' in /var/www/html/etest.php on line 42
Become

Notice: Use of undefined constant OPT3 - assumed 'OPT3' in /var/www/html/etest.php on line 43
Enlarge

Notice: Use of undefined constant OPT4 - assumed 'OPT4' in /var/www/html/etest.php on line 44
Increase

Notice: Use of undefined constant OPT5 - assumed 'OPT5' in /var/www/html/etest.php on line 45
Envelop


5.

Choose the word that is most opposite of the word as used in the passage. Improve :


Notice: Use of undefined constant OPT1 - assumed 'OPT1' in /var/www/html/etest.php on line 41
Retard

Notice: Use of undefined constant OPT2 - assumed 'OPT2' in /var/www/html/etest.php on line 42
Disprove

Notice: Use of undefined constant OPT3 - assumed 'OPT3' in /var/www/html/etest.php on line 43
Prove

Notice: Use of undefined constant OPT4 - assumed 'OPT4' in /var/www/html/etest.php on line 44
Accelerate

Notice: Use of undefined constant OPT5 - assumed 'OPT5' in /var/www/html/etest.php on line 45
Degenerate