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Dear Readers,
Mahendras has started special quizzes for IBPS | RBI | SBI | NABARD so that you can practice more and more to crack the examination. This IBPS | RBI | SBI | NABARD 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 English Language for the IBPS | RBI | SBI | NABARD .
Read the following passage and answer the questions that follow:
It may not be a windfall gain but definitely signals an increase in potential business opportunity. The rise in e-commerce and e-commerce driven transactions has meant a significant jump in banking transactions. Numbers clearly validate this story. Industry-wide data provided by the Reserve Bank of India (RBI) website suggests that outstanding credit card loans stood at Rs.30,300 crore as on 31 December 2014, up 24% from Rs.24,400 crore a year ago. This scenario means that banks now have to deal with much more data than ever before and a robust and scalable IT infrastructure is the order of the day. Therein, lies the opportunity for banking technology vendors. Imagine this: after a detailed search on deciding what to gift a family member, a consumer is not able to buy the product online as the payment gateway fails. A few customers may retry but most e-commerce vendors have lost the client forever. One of the aspects which could have gone wrong in this case is that investments in IT infrastructure have not kept pace with the growth in the bank's business. Servers, for example, form the foundation of any bank's IT infrastructure. Banks need to have a long-term view of customer acquisition goals and expected business growth to build a long-term view of the server technology to be adopted.
1. What does the author mean by the term “windfall gain” in the passage?
a) An expected gain
b) An unexpected gain
c) An unnecessary gain
d) An estimated gain
e) None of the above
2. In order to manage the increased data coming from increased outstanding credit card loans, the banks should:
a) Build a strong customer base.
b) Build strong banking laws.
c) Build a strong IT infrastructure.
d) Build a strong logistic infrastructure.
e) None of the above
3. According to the author of the passage, who can help in improving the banks IT infrastructure?
a) Bank's senior employees
b) Bank's Directors
c) Bank's customers
d) Bank's IT vendor
e) None of the above
4. What does the phrase ‘one-size-fits-all’ mean in the passage?
a) A garment that would accommodate a wide range of sizes.
b) A food item that would fit for all tastes.
c) A product that would fit in all instances.
d) A bank account fit for all the customers.
e) None of the above
5. According to the passage, delay in upgrading the IT infrastructure of the banks will ultimately lead to:
a) Growth in business
b) Decline in business
c) Competition in business
d) Monopoly in business
e) None of the above
6. According to the author of the passage, what has hit the tip of the iceberg?
a) Upgrading the infrastructure of the country.
b) Upgrading the banking laws.
c) Upgrading the consumer laws.
d) Upgrading the banking technology.
e) None of the above
7. According to the passage, IT infrastructure decisions must involve:
a) Right IT workforce
b) Right Technology only
c) Right Technology and Right Consultancy by the IT Vendor
d) Right Consultancy only
e) None of the above
8. According to the passage, which of the following statements is false?
a) Increase in e-commerce driven transactions has increased the banking transactions
b) In 2014, the total outstanding credit card loan amount was Rs. 24,400 crore.
c) Acer is one of the leading IT vendors to a host of public sector banks.
d) Banks need to build a long-term view of the server technology to be adopted.
e) None of the above
The following questions have a word highlighted from the passage with four words following it. Choose the best word that matches the meaning of the highlighted word as your answer.
9. Robust
a) Fragile
b) Ineffective
c) Strong
d) Weak
e) None of the above
10. Undue
a) Unidentified
b) Unstable
c) Underestimate
d) Unnecessary
e) None of the above
Answers:-
Q.1 (B)
Q.2 (C)
Q.3 (D)
Q.4 (C)
Q.5 (B)
Q.6 (D)
Q.7 (C)
Q.8 (B)
Q.9 (C)
Q.10 (D)
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