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Mahendras has started special quizzes for IBPS & SBI Exam so that you can practice more and more to crack the examination. This IBPS & SBI Exam special quiz series will mold your preparations in the right direction and the regular practice of these quizzes will be really very helpful in scoring good marks in the Examination. Here we are providing you the important question of reasoning ability for the IBPS & SBI Exam.
Read the following passage carefully and answer the questions given below it. Certain words have been given in bold to help you locate them while answering some questions.
Recently, the Supreme Court cautioned the government not to make Aadhaar mandatory for citizens to access benefits. In other words, the absence of an Aadhaar number should not disqualify anyone from availing his rightful benefits. This is a welcome move because it forces all stakeholders to reflect on what is going wrong with the Direct Benefits Transfer initiative. Unfortunately, it also creates public perception that Aadhaar is a flawed idea, and strengthens the inertia against a game changer. What we need is more debate on what needs to be fixed, rather than junk the concept completely. For, to slow down Aadhaar issuance now would be akin to throwing the proverbial baby with the bathwater. It is important to remember that Aadhaar was envisioned essentially as an instrument of personal identity. The drive toward financial inclusion has changed the frame dramatically. In a rather short time, Aadhaar became the common thread weaving a host of independent interventions such as account opening, DBT payments, LPG subsidy, etc, by virtue of its potential for accurate and secure authentication of a person. All this happened without sufficient debate in Parliament over its usage. Meanwhile, amidst the frenetic rollout of all these initiatives in parallel, the lines got blurred with the government stipulating Aadhaar, still labelled as voluntary, as a pre-condition to receive state-provided benefits.
Why was the government keen on weaving Aadhaar into the core of its financial inclusion design? The simple answer is: scale and viability. The UIDAI’s report on Aadhaar-based payment systems estimated that secure electronic delivery of benefits entails a capital cost of over Rs.6,600 crore, and a break-even service charge of 3.14%, based on transfers worth Rs. 3,00,000 crore. The only way this could all work was by having a national footprint of Aadhaar-enabled transaction terminals for cash disbursements, even in the unbanked parts of India.However, while the government was quick to impose Aadhaar on its DBT, numerous gaps in the process were not addressed. The most important challenges being: establishing statutory legitimacy of the UIDAI; articulating the roles of banks and non-banks and the limits of jurisdiction by banking and other regulators; affixing the onus of responsibilities in a bank-led model of financial inclusion; and lastly, defining the commercial model for implementation. As a result, several variants of implementation co-existed for a while and several legal and procedural roadblocks were experienced in rolling out Aadhaar-based payments.Today, the Aadhaar end of financial inclusion is set: infrastructure and payment bridges and protocols are ready, and have been tested. However, the other critical pieces have not been put in place, especially the cleaning, de-duplication and mapping of numerous beneficiary databases with Aadhaar, a task that must be done by the government departments. The challenges listed below need attention, instead of deliberating whether to put the Aadhaar to sleep.
What needs to be done?
* The first step needs to be to recognise the UID as a primary identity document, and accord one institution—whether the UIDAI or any new entity that combines the NPR and UIDAI—the status of an independent statutory institution and allocate resources under the Consolidated Fund of India.
* The UIDAI should have complete and exclusive accountability over the personal and biometric data capture and processing, which must not be outsourced to private parties, drawing lessons from the Passport Office. Over time, the Passport Office and Aadhaar number can even be issued by one authority.
* The core function of the UIDAI is to collect and archive personal information in safe and encrypted form and issue the UID to any applicant. The UID number is one among several documents to identify a person.
* Aadhaar online authentication for commercial/ financial transactions is different from the core function of issuance and verification of an Aadhaar number. Aadhaar verification must not be made compulsory or the sole/exclusive source of identity to access services or benefits provided by government institutions.
* For real time, online authentication of the Aadhaar number, the role and scope of UIDAI service should be limited to answering session-based queries in real time, returning a binary True/False result, without any obligation or power to share any personal data.
* Authentication service charges should be session-based, with tariffs based on a normative cost-recovery and reasonable profit principles to ensure sustainability and adequate information security standards.
* UIDAI should be liable for any financial losses or damages arising from false positive identification on the UIDAI database against an authentication query. The liabilities should be covered by appropriate insurance and reinsurance on the lines of other banking and financial institutions.
* The cleaning and de-duplication of the beneficiary databases under all schemes need to be accelerated and seeded with the identity numbers, irrespective of whether Aadhaar is used for verification
1 How is security of data ensured, with regard to Aadhaar database of beneficiaries?
01. Multi-level online security has been put in place.
02. The data is made accessible only to the authorities.
03. Backup of data is kept safely.
04. Data is kept in encrypted form.
05. Data is updated at regular intervals.
2 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Legitimacy
01. Viability
02. Order
03. Courtesy
04. Duty
05. Justice
3 Choose the word most SIMILAR in meaning to the word given in bold, as used in the passage.
Akin
01. Jeopardized
02. Similar
03. Genial
04. Alien
05. Diverted
4 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Junk
01. Shun
02. Segregate
03. Adopt
04. Alternative
05. Indicate
5 Choose the word which is most nearly the OPPOSITE in meaning as the word given in bold as used in the passage.
Deliberating
01. Designing
02. Meditating
03. Realized
04. Discarding
05. Perceiving
6 Which of the following point was crucial to UIDAI’s report on Aadhaar-based payment systems?
01. The government needs to spend a huge sum over secure electronic delivery of benefits so that it reaches the right beneficiary.
02. The damage caused to the government through duplication of card was huge.
03. One’s biometric details recorded were subject to change with the passage of time
04. The government could take alternative route to ensure access to the benefits for the beneficiaries.
05. Not mentioned in the passage
7 Why is Aadhaar card required for account opening or for availing LPG subsidy?
01. It enables online transaction possible which is difficult otherwise.
02. Aadhaar card serves as an ATM card when it is used at ATM machines.
03. It enables easy and secure authentication of the person.
04. The individual’s application number for these services is mentioned only on Aadhaar card.
05. All of the above are the reasons
8 Why was the Supreme Court not in favour of making Aadhaar card mandatory?
01. It requires huge investment which the government is not in position of making.
02. So that those who do not possess Aadhaar card should not be deprived of availing benefits.
03. Its practical advantages have not yet been ascertained.
04. There are functional hurdles in carrying out the process of issuing Aadhaar cards to everyone.
05. Not mentioned in the passage
9 What would happen if UIDAI is made completely and exclusively accountable for the personal and biometric data capture and processing?
01. It can be used to obtain personal data as and when required by anyone.
02. The government could sell personal data for its advantage.
03. It would surpass all other forms of validating a person’s identity.
04. There would be no chance of duplication of Aadhaar cards.
05. Not mentioned in the passage
10 What was the purpose of issuing Aadhaar cards, initially?
01. To find out the population of the country
02. To serve as a document of personal identity.
03. To figure out the amount required to be spent as government subsidies and benefits.
04. To know income details of people thereby collecting income tax from those who hide their income details.
05. Not mentioned in the passage
Answers:-
Q.1 (4)
Q.2 (1)
Q.3 (2)
Q.4 (3)
Q.5 (4)
Q.6 (1)
Q.7 (3)
Q.8 (2)
Q.9 (4)
Q.10 (2)
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