IBPS RRB Clerk – IBPS RRB Clerk 2015 Test 2

Read each sentence to find out whether there is any grammatical mistake/ error in it. The error, if any, will be in one part of the sentence. Select the part with the error as your answer. If there is no error, select 'No error' as your answer. (ignore the errors of punctuation, if any)

The economy is even weaker than (a)/ it looks at first sight (b)/ since official figures show that (c)/ investment and consumption lower than expected. (d)/ No error (e).

Read each sentence to find out whether there is any grammatical mistake/ error in it. The error, if any, will be in one part of the sentence. Select the part with the error as your answer. If there is no error, select 'No error' as your answer. (ignore the errors of punctuation, if any)

The popular misconception is that (a)/ corruption in soprts is harmless as (b)/ it is a victimless crime (c)/ which can overlook. (d)/ No error (e)

Read each sentence to find out whether there is any grammatical mistake/ error in it. The error, if any, will be in one part of the sentence. Select the part with the error as your answer. If there is no error, select 'No error' as your answer. (ignore the errors of punctuation, if any)

According to a consultant, big dams and (a)/ hydropower offer great potential and can provide (b)/ about 16 percent of Africa's power by 2040 (c)/ compared to solar power which will provide only about 10 percent. (d)/ No error (e)

Read each sentence to find out whether there is any grammatical mistake/ error in it. The error, if any, will be in one part of the sentence. Select the part with the error as your answer. If there is no error, select 'No error' as your answer. (ignore the errors of punctuation, if any)

Many of the services which were once (a)/ delivered on branches such as( b)/ international transfers or personal loans are now (c)/ being offered by new generation financial technology firms. (d)/ No error (e)

Read each sentence to find out whether there is any grammatical mistake/ error in it. The error, if any, will be in one part of the sentence. Select the part with the error as your answer. If there is no error, select 'No error' as your answer. (ignore the errors of punctuation, if any)

A system of secure employment (a)/ and performance appraisal that are linked( b)/ to age, not performance (c)/have caused many Japanese firms to fail. (d)/ No error (e)

Rearrange the given six sentences/ group of sentences (A), (B), (C), (D), (E) and (F) in a proper sequence so as to form a meaningful paragraph and then answer the given questions. <br><br> (A) In general, African nations have limited exposure, because they still price their goods in American dollars. <br><br> (B) So, while there is no immediate impact, in the medium, to long-term, the sales of African commodities and African currencies could take a knock because of this lowered demand. <br><br> (C) The immediate impact of the devaluation of the Yuan cannot be seen or measured, but countries that have taken steps to transact in Chinese money could see pressure on their own local currencies. <br><br> (D) Therefore, the sale of commodities, such as platinum, copper or coal may become more expensive, which could reduce demand. <br><br> (E) If the Yuan is devalued buying anything priced in dollars becomes pricier for the Chinese. <br><br> (F) None theless as China is now the biggest customer they could feel the pinch indirectly.

Which of the following should be THIRD sentence after rearrangement?

Rearrange the given six sentences/ group of sentences (A), (B), (C), (D), (E) and (F) in a proper sequence so as to form a meaningful paragraph and then answer the given questions. <br><br> (A) In general, African nations have limited exposure, because they still price their goods in American dollars. <br><br> (B) So, while there is no immediate impact, in the medium, to long-term, the sales of African commodities and African currencies could take a knock because of this lowered demand. <br><br> (C) The immediate impact of the devaluation of the Yuan cannot be seen or measured, but countries that have taken steps to transact in Chinese money could see pressure on their own local currencies. <br><br> (D) Therefore, the sale of commodities, such as platinum, copper or coal may become more expensive, which could reduce demand. <br><br> (E) If the Yuan is devalued buying anything priced in dollars becomes pricier for the Chinese. <br><br> (F) None theless as China is now the biggest customer they could feel the pinch indirectly.

Which of the following should be LAST (SIXTH) sentence after rearrangement ?

Rearrange the given six sentences/ group of sentences (A), (B), (C), (D), (E) and (F) in a proper sequence so as to form a meaningful paragraph and then answer the given questions. <br><br> (A) In general, African nations have limited exposure, because they still price their goods in American dollars. <br><br> (B) So, while there is no immediate impact, in the medium, to long-term, the sales of African commodities and African currencies could take a knock because of this lowered demand. <br><br> (C) The immediate impact of the devaluation of the Yuan cannot be seen or measured, but countries that have taken steps to transact in Chinese money could see pressure on their own local currencies. <br><br> (D) Therefore, the sale of commodities, such as platinum, copper or coal may become more expensive, which could reduce demand. <br><br> (E) If the Yuan is devalued buying anything priced in dollars becomes pricier for the Chinese. <br><br> (F) None theless as China is now the biggest customer they could feel the pinch indirectly.

Which of the following should be FOURTH sentence after rearrangement?

Rearrange the given six sentences/ group of sentences (A), (B), (C), (D), (E) and (F) in a proper sequence so as to form a meaningful paragraph and then answer the given questions. <br><br> (A) In general, African nations have limited exposure, because they still price their goods in American dollars. <br><br> (B) So, while there is no immediate impact, in the medium, to long-term, the sales of African commodities and African currencies could take a knock because of this lowered demand. <br><br> (C) The immediate impact of the devaluation of the Yuan cannot be seen or measured, but countries that have taken steps to transact in Chinese money could see pressure on their own local currencies. <br><br> (D) Therefore, the sale of commodities, such as platinum, copper or coal may become more expensive, which could reduce demand. <br><br> (E) If the Yuan is devalued buying anything priced in dollars becomes pricier for the Chinese. <br><br> (F) None theless as China is now the biggest customer they could feel the pinch indirectly.

Which of the following should be FIRST sentence after rearrangement?

Rearrange the given six sentences/ group of sentences (A), (B), (C), (D), (E) and (F) in a proper sequence so as to form a meaningful paragraph and then answer the given questions. <br><br> (A) In general, African nations have limited exposure, because they still price their goods in American dollars. <br><br> (B) So, while there is no immediate impact, in the medium, to long-term, the sales of African commodities and African currencies could take a knock because of this lowered demand. <br><br> (C) The immediate impact of the devaluation of the Yuan cannot be seen or measured, but countries that have taken steps to transact in Chinese money could see pressure on their own local currencies. <br><br> (D) Therefore, the sale of commodities, such as platinum, copper or coal may become more expensive, which could reduce demand. <br><br> (E) If the Yuan is devalued buying anything priced in dollars becomes pricier for the Chinese. <br><br> (F) None theless as China is now the biggest customer they could feel the pinch indirectly.

Which of the following should be SECOND sentence after rearrangement?

Each sentence below has two blanks, each blank indicating that something has been omitted. Choose the words that best fit the meaning of the sentence as a whole.

The natural oils _________ in roses help _______ the moisture in the skin.

Each sentence below has two blanks, each blank indicating that something has been omitted. Choose the words that best fit the meaning of the sentence as a whole.

Parents must never______ their children to play with catapults or augurs, as these so called toys can also ________ harm to humans accidentally.

Each sentence below has two blanks, each blank indicating that something has been omitted. Choose the words that best fit the meaning of the sentence as a whole.

The city police has _______ a meeting of various mandals organising festivals, to _______ them of directives on the sound limit.

Each sentence below has two blanks, each blank indicating that something has been omitted. Choose the words that best fit the meaning of the sentence as a whole.

When the traffic unit _______ multiple complaints about illegal parking, the police ________ penalties on the defaulters.

Each sentence below has two blanks, each blank indicating that something has been omitted. Choose the words that best fit the meaning of the sentence as a whole.

_______the cobra was safely released into the wild, the injured eagle had to be ______.

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

Which of the following is the meaning of the phrase 'fraught with dangers' as mentioned in the passage?

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

Which of the following is most nearly the most opposite in meaning to the word 'VOLATILE' as used in the passage?

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

Which of the following can be a suitable title for the passage ?

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

As mentioned in the passage,banks may face which of the following risks while dealing with virtual currencies? <br><br> (A) Since these transactions are largely untraceable, virtual currencies may be misused for criminal activities. <br><br> (B) The price of virtual currencies including Bitcoin is subject to significant fluctuations. <br><br> (C) There are few designated ATMs from which one can withdraw such currencies.

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

The author in the given passage_______

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

As mentioned in the passage, which of the following is/are the characteristics of virtual currencies? <br><br> (A) They are equivalent in value to other payment mechanisms. <br><br> (B) They cannot be destroyed. <br><br> (C) They can be used as a later date as a medium of exchange.

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

Which of the following is most nearly the same in meaning to the word `GAINING' as used in the passage ?

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

Which of the following is most nearly the same in meaning to the word 'CRAFTED' as used in the passage?

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

Which of the following statements is true in the context of the passage?

Read the following passage carefully and answer the given questions. Certain words/phrases have been given in bold to help you locate them while answering some of the questions. <br><br> Virtual currencies are growing in popularity. While the collective value of virtual currencies is still a fraction of the total U.S. Dollars in circulation, the use of virtual currencies as a payment mechanism of transfer of value is gaining momentum. Additionally, the number of entities (issuers, exchangers and intermediaries, to name just a few) that engage in virtual currency transactions is increasing and these entities often need access to traditional banking services. Virtual currencies are digital representations of value that function as a medium of exchange, a unit of account and a store of value (buy now redeem later policy). In many cases, virtual currencies are "convertible" currencies; they are not legal lenders, but they have an equivalent value in real currency. Despite what seems to be a tremendous interest in virtual currencies their overall value is still extremely small relative to other payment mechanisms, such as cash, cheques and credit and debit cards. The virtual currency landscape includes many participants from the merchant that accepts the virtual currency, to the intermediary that exchanges the virtual currency on behalf of the merchant, to the exchange that actually converts the virtual currency to the real currency to the electronic wallet provider that holds the virtual currency on behalf of its owner. Accordingly, opportunities abound for community banks to provide services to entities engaged in virtual currency activities. Eventually, it is also possible that community banks may find themselves holding virtual currency on their own balance sheets.Launched in 2009, Silicon is currently the largest and most popular virtual currency. However, many other virtual currencies have emerged over the past few years, such as Litecoin, Dogecoin, Peercoin and these provide even more <strong>anonymity</strong> to its users than that provided by Bitcoin. As the virtual currency landscape is fraught with dangers, what important risks should community bankers consider?The most significant is compliance risk- a subset of legal risk. Specifically, virtual currency administrators or legal exchangers may present risks similar to other money transmitters, as well in presenting their own unique risks. Quite simply, many users of virtual currencies do so because of the perceptions that transactions conaucted using virtual currencies are anonymous. The less-than transparent nature of the transactions, :nay make it more difficult for a inancial institution to truly know and understand the activities of its customer and whether the customer's activities are legal. Therefore, these transactions may present a higher risk for banks and require additional due diligence and monitoring. Another important risk for community banks to consider is credit risk. How should a community bank respond if a borrower wants to specifically post Bitcoin or another virtual currency as collateral for a loan? For many, virtual currencies are simply another form of cash, so it is not hard to analyse that bankers will face such a scenario at some point. In this case, caution is appropriate. Bankers should carefully weigh the pros and cons of extending any loan secured by Bitcoin or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency. For one, the value of Bitcoin in particular has been <strong>volatile</strong>. Then, the collateral value could fluctuate widely from day-to-day. Bankers also need to think about control over the account. 'How does the banker control access to a virtual wallet, and how can it control the borrower's access to the virtual wallet? In the event of a loan default, the bank would need to take control of the virtual currency. This would require access to the borrower's virtual wallet and private key. All of this suggests that the loan agreement needs to be carefully <strong>crafted</strong> and that additional steps need to be taken to ensure the bank has a perfected lift on the virtual currency. Virtual currencies bring with them, both opportunities and challenges, and they are likely here to stay. Although, it is too early to determine just how prevalent they will be in the coming years, we too expect that the virtual participants in the virtual currency ecosystem will increasingly intersect with the banking industry.

Which of the following is most nearly the opposite in meaning to the word 'ANONYMITY' as used in the passage?

Which of the phrases given against each sentence should replace the word/ phrase, given in bold in a sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, choose 'No correction required' as the answer.

Your tone of voice is as important as the content for which you have to say.

Which of the phrases given against each sentence should replace the word/ phrase, given in bold in a sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, choose 'No correction required' as the answer.

It is impossible to say at what point along the continuum a dialect became a separately language.

Which of the phrases given against each sentence should replace the word/ phrase, given in bold in a sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, choose 'No correction required' as the answer.

The number of cheating and forgery cases in disguise of running private commercial establishments has increased significantly.

Which of the phrases given against each sentence should replace the word/ phrase, given in bold in a sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, choose 'No correction required' as the answer.

It is not very difficult to dishing out a simple recipe for your child's lunchbox.

Which of the phrases given against each sentence should replace the word/ phrase, given in bold in a sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, choose 'No correction required' as the answer.

The city's IT hub isn't just decoding data or counting its export figures these days, but is rather aggressively beefed up ex-security both online and offline.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.

In the given passage there are blanks, each of which has been numbered. Against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.

After spending time and efforts to stabilise rural incomes in the face of plummeting agricultural prices, Thailand's government has now banned its attention to dealing with unfair lending practices. This is part of a wider (31) set in motion to reform state dominated rural credit markets. Thailand has made great strides in (32) access to financial services. 73 percent of the population now has a bank account and only 3 percent has no access (33) to formal finance. But lending by loan sharks has proved hard stamp out. One reason is that Thais like to keep things informal the country's shadow economy (34) for more than 50 percent of GDP- the highest in Asia. Household borrowing as a share of national income in Thailand now (35) at 68 percent of GDP, much higher than other middle income countries such as China (20%), India (16%) and Indonesia (17%). To make the (36) for loan sharks, the government wants to strap an interest ceiling that has been in place for sixty years. The cap (37) registered non-bank lenders from changing more than 28 percent per year (including a 13 percent service charge). The idea is to encourage non-banks to provide formal credit to poor households. (38) institutions are typically community based groups founded by the Ministry of Interior, NG0s, local governments and monks. The cap means that it is not (39) for these groups to get into rural lending. Thailand is a vast country and delivering financial services in remote areas is costly. A Thai loan shark typically (40) two lending schemes a borrower can just pay interest of 2 percent per day every day for 24 days or repay the principal plus 2 percent daily interest in equal instalments. Both are terrible deals and switching from a loan shark to a sound financial institution can save a household as much as $1,00,000 per month.