IBPS Clerk English Language Questions with Answers Practice online test 27

Description: free IBPS Clerk English Language Questions with Answers Practice test 27 for IBPS Clerk Preliminary and Main online test Prepare bank Clerk banking mock exams adda

1 . In the following passage, some of the words have been left out, each of which is indicated by a number. Find the suitable word from the options given against each number and fill up the blanks with appropriate words to make the paragraph meaningfully complete.

Bank customers may no $(1)$ have to maintain a minimum balance in their savings account as the Reserve Bank of India has $(2)$ banks to do away $(3)$ the practice of levying penalty on account holders who don't do $(4)$. While this spells good news for account holders, some bankers said this would increase their $(5)$ and they might start charging for some of the services they were offering free.

'I think what they are saying is, if you don't charge on $(6)$minimum balance then you are authorised to charge on the transaction,' said HDFC Bank's managing director Aditya Puri.

For instance, if a customer has a balance of less than ` 10000 in the savings account, the bank may not charge for non-maintenance of minimum balance, but could$(7)$ charge for more than two ATM transactions a month. RBI has urged banks to $(8)$ the liability of customers in cases like non-maintenance of balance or electronic transactions $(9)$ banks are not able to $(10)$ customer negligence.
$(8)$
A.  estimate B.    guess
C.  exempt D.    fix
E.    limit
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2 . In the following passage, some of the words have been left out, each of which is indicated by a number. Find the suitable word from the options given against each number and fill up the blanks with appropriate words to make the paragraph meaningfully complete.

Bank customers may no $(1)$ have to maintain a minimum balance in their savings account as the Reserve Bank of India has $(2)$ banks to do away $(3)$ the practice of levying penalty on account holders who don't do $(4)$. While this spells good news for account holders, some bankers said this would increase their $(5)$ and they might start charging for some of the services they were offering free.

'I think what they are saying is, if you don't charge on $(6)$minimum balance then you are authorised to charge on the transaction,' said HDFC Bank's managing director Aditya Puri.

For instance, if a customer has a balance of less than ` 10000 in the savings account, the bank may not charge for non-maintenance of minimum balance, but could$(7)$ charge for more than two ATM transactions a month. RBI has urged banks to $(8)$ the liability of customers in cases like non-maintenance of balance or electronic transactions $(9)$ banks are not able to $(10)$ customer negligence.
$(9)$
A.  why B.    where
C.  however D.    moreover
E.    otherwise
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3 . In the following passage, some of the words have been left out, each of which is indicated by a number. Find the suitable word from the options given against each number and fill up the blanks with appropriate words to make the paragraph meaningfully complete.

Bank customers may no $(1)$ have to maintain a minimum balance in their savings account as the Reserve Bank of India has $(2)$ banks to do away $(3)$ the practice of levying penalty on account holders who don't do $(4)$. While this spells good news for account holders, some bankers said this would increase their $(5)$ and they might start charging for some of the services they were offering free.

'I think what they are saying is, if you don't charge on $(6)$minimum balance then you are authorised to charge on the transaction,' said HDFC Bank's managing director Aditya Puri.

For instance, if a customer has a balance of less than ` 10000 in the savings account, the bank may not charge for non-maintenance of minimum balance, but could$(7)$ charge for more than two ATM transactions a month. RBI has urged banks to $(8)$ the liability of customers in cases like non-maintenance of balance or electronic transactions $(9)$ banks are not able to $(10)$ customer negligence.
$(10)$
A.  accuse B.    show
C.  condone D.    prove
E.    counter
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4 . Read the passage carefully and answer the questions given below it. Certain words/ phrases are given in bold to help you locate them while answering some of the questions.

Financial inclusion is a process of ensuring the availability of financial services to all sections of society, at an affordable cost. A key objective of financial inclusion is to help the unbanked population with institutional finance, to enable them to become self-employed and ensure a $stable$ income.

The government has made a $concerted$ effort to extend financial inclusion by nationalising banks and establishing a network of rural cooperatives and regional rural banks. The RBI too has initiatives like priority sector lending since the early 1970s, opening of no-frills accounts, establishing business correspondents (BCs) and easing of know-yourcustomer (KYC) norms. Its latest efforts include the preparation of guidelines for licensing payments banks and small banks. The National Bank for Agriculture and Rural Development (NABARD) has also supported the cause, adopting measures for cooperative banks and regional rural banks, enabling kisan credit cards andspreading financial literacy. In addition, a number of private sector institutions have also been operating in the area. Despite all this, nearly half the population/ households do not even have a bank account.

It is in this context that Finance Minister Arun Jaitley, in his $maiden$ budget speech, mentioned the Financial Inclusion Mission (FIM) to provide banking services to all households in India. The FIM, focused on empowering the weaker sections of society, was launched on August 15, with two bank accounts eligible for credit per family.

The scheme reportedly $conceives$ six pillars to achieve comprehensive or sampoornfinancial inclusion. These are - universal access to banking facilities, financial literacy, basic bank accounts and availability of micro credit, micro insurance, and pension scheme. The vision is to have a banking account for each family and beneficiary by March 2016. To encourage people to start using banking facilities, the government is considering providing an overdraft of Rs.5,000 through a debit card to every basic banking account holder. The $strategy$ is to strengthen the existing business correspondent model (BCM) to make it operationally flexible and viable with the expansion of banking services
What is the main agenda behind extension of financial inclusion policy?
A.  To offer tenors to the local population that would convince them to invest their savings in financial institutions B.    To make banking transaction easy and accessible to the farmers and astisans only
C.  To make monitoring and supervision possible by the Ministry of Finance D.    To change the mindset of the financal institutions.
E.    To ensure that the unbanked population avail of all kinds of banking services, including opening of bank accounts and debit card system
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5 . Read the passage carefully and answer the questions given below it. Certain words/ phrases are given in bold to help you locate them while answering some of the questions.

Financial inclusion is a process of ensuring the availability of financial services to all sections of society, at an affordable cost. A key objective of financial inclusion is to help the unbanked population with institutional finance, to enable them to become self-employed and ensure a $stable$ income.

The government has made a $concerted$ effort to extend financial inclusion by nationalising banks and establishing a network of rural cooperatives and regional rural banks. The RBI too has initiatives like priority sector lending since the early 1970s, opening of no-frills accounts, establishing business correspondents (BCs) and easing of know-yourcustomer (KYC) norms. Its latest efforts include the preparation of guidelines for licensing payments banks and small banks. The National Bank for Agriculture and Rural Development (NABARD) has also supported the cause, adopting measures for cooperative banks and regional rural banks, enabling kisan credit cards andspreading financial literacy. In addition, a number of private sector institutions have also been operating in the area. Despite all this, nearly half the population/ households do not even have a bank account.

It is in this context that Finance Minister Arun Jaitley, in his $maiden$ budget speech, mentioned the Financial Inclusion Mission (FIM) to provide banking services to all households in India. The FIM, focused on empowering the weaker sections of society, was launched on August 15, with two bank accounts eligible for credit per family.

The scheme reportedly $conceives$ six pillars to achieve comprehensive or sampoornfinancial inclusion. These are - universal access to banking facilities, financial literacy, basic bank accounts and availability of micro credit, micro insurance, and pension scheme. The vision is to have a banking account for each family and beneficiary by March 2016. To encourage people to start using banking facilities, the government is considering providing an overdraft of Rs.5,000 through a debit card to every basic banking account holder. The $strategy$ is to strengthen the existing business correspondent model (BCM) to make it operationally flexible and viable with the expansion of banking services
What is financial inclusion all about?

(A) It is about inclusion of all financial institutions, regional rural banks and rural cooperatives into the rubric of Finance Commission of India.

(B) It is about ensuring access to financial servicesfor all sections of society.

(C) It is about ensuring access to institutional finance under KYC norms
A.  Only A B.    Only B
C.  Only C D.    Only A and B
E.    Only B and C
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6 . Read the passage carefully and answer the questions given below it. Certain words/ phrases are given in bold to help you locate them while answering some of the questions.

Financial inclusion is a process of ensuring the availability of financial services to all sections of society, at an affordable cost. A key objective of financial inclusion is to help the unbanked population with institutional finance, to enable them to become self-employed and ensure a $stable$ income.

The government has made a $concerted$ effort to extend financial inclusion by nationalising banks and establishing a network of rural cooperatives and regional rural banks. The RBI too has initiatives like priority sector lending since the early 1970s, opening of no-frills accounts, establishing business correspondents (BCs) and easing of know-yourcustomer (KYC) norms. Its latest efforts include the preparation of guidelines for licensing payments banks and small banks. The National Bank for Agriculture and Rural Development (NABARD) has also supported the cause, adopting measures for cooperative banks and regional rural banks, enabling kisan credit cards andspreading financial literacy. In addition, a number of private sector institutions have also been operating in the area. Despite all this, nearly half the population/ households do not even have a bank account.

It is in this context that Finance Minister Arun Jaitley, in his $maiden$ budget speech, mentioned the Financial Inclusion Mission (FIM) to provide banking services to all households in India. The FIM, focused on empowering the weaker sections of society, was launched on August 15, with two bank accounts eligible for credit per family.

The scheme reportedly $conceives$ six pillars to achieve comprehensive or sampoornfinancial inclusion. These are - universal access to banking facilities, financial literacy, basic bank accounts and availability of micro credit, micro insurance, and pension scheme. The vision is to have a banking account for each family and beneficiary by March 2016. To encourage people to start using banking facilities, the government is considering providing an overdraft of Rs.5,000 through a debit card to every basic banking account holder. The $strategy$ is to strengthen the existing business correspondent model (BCM) to make it operationally flexible and viable with the expansion of banking services
What effort(s) has/have been made to extend financial inclusion?
A.  Nationalisation of banks B.    Establishment of a network of rural cooperative banks and RRBs
C.  Opening of zero-balance accounts D.    Easing of KYC norms
E.    All the above
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7 . Read the passage carefully and answer the questions given below it. Certain words/ phrases are given in bold to help you locate them while answering some of the questions.

Financial inclusion is a process of ensuring the availability of financial services to all sections of society, at an affordable cost. A key objective of financial inclusion is to help the unbanked population with institutional finance, to enable them to become self-employed and ensure a $stable$ income.

The government has made a $concerted$ effort to extend financial inclusion by nationalising banks and establishing a network of rural cooperatives and regional rural banks. The RBI too has initiatives like priority sector lending since the early 1970s, opening of no-frills accounts, establishing business correspondents (BCs) and easing of know-yourcustomer (KYC) norms. Its latest efforts include the preparation of guidelines for licensing payments banks and small banks. The National Bank for Agriculture and Rural Development (NABARD) has also supported the cause, adopting measures for cooperative banks and regional rural banks, enabling kisan credit cards andspreading financial literacy. In addition, a number of private sector institutions have also been operating in the area. Despite all this, nearly half the population/ households do not even have a bank account.

It is in this context that Finance Minister Arun Jaitley, in his $maiden$ budget speech, mentioned the Financial Inclusion Mission (FIM) to provide banking services to all households in India. The FIM, focused on empowering the weaker sections of society, was launched on August 15, with two bank accounts eligible for credit per family.

The scheme reportedly $conceives$ six pillars to achieve comprehensive or sampoornfinancial inclusion. These are - universal access to banking facilities, financial literacy, basic bank accounts and availability of micro credit, micro insurance, and pension scheme. The vision is to have a banking account for each family and beneficiary by March 2016. To encourage people to start using banking facilities, the government is considering providing an overdraft of Rs.5,000 through a debit card to every basic banking account holder. The $strategy$ is to strengthen the existing business correspondent model (BCM) to make it operationally flexible and viable with the expansion of banking services
Which of the following is not one of the functions of NABARD mentioned in the passage?
A.  Enabling kisancredit cards B.    Spreading financial literacy
C.  Allowing financial assistance for establishing medium-and small-scale industries D.    Helping RRBs and cooperative banks in performing certain functions
E.    None of these
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8 . Read the passage carefully and answer the questions given below it. Certain words/ phrases are given in bold to help you locate them while answering some of the questions.

Financial inclusion is a process of ensuring the availability of financial services to all sections of society, at an affordable cost. A key objective of financial inclusion is to help the unbanked population with institutional finance, to enable them to become self-employed and ensure a $stable$ income.

The government has made a $concerted$ effort to extend financial inclusion by nationalising banks and establishing a network of rural cooperatives and regional rural banks. The RBI too has initiatives like priority sector lending since the early 1970s, opening of no-frills accounts, establishing business correspondents (BCs) and easing of know-yourcustomer (KYC) norms. Its latest efforts include the preparation of guidelines for licensing payments banks and small banks. The National Bank for Agriculture and Rural Development (NABARD) has also supported the cause, adopting measures for cooperative banks and regional rural banks, enabling kisan credit cards andspreading financial literacy. In addition, a number of private sector institutions have also been operating in the area. Despite all this, nearly half the population/ households do not even have a bank account.

It is in this context that Finance Minister Arun Jaitley, in his $maiden$ budget speech, mentioned the Financial Inclusion Mission (FIM) to provide banking services to all households in India. The FIM, focused on empowering the weaker sections of society, was launched on August 15, with two bank accounts eligible for credit per family.

The scheme reportedly $conceives$ six pillars to achieve comprehensive or sampoornfinancial inclusion. These are - universal access to banking facilities, financial literacy, basic bank accounts and availability of micro credit, micro insurance, and pension scheme. The vision is to have a banking account for each family and beneficiary by March 2016. To encourage people to start using banking facilities, the government is considering providing an overdraft of Rs.5,000 through a debit card to every basic banking account holder. The $strategy$ is to strengthen the existing business correspondent model (BCM) to make it operationally flexible and viable with the expansion of banking services
What are the goals to be achieved by the Financial Inclusion Mission of India?

(A) Empowerment of the weaker sections of society

(B) To make the unbanked population eligible for bank credit

(C) To provide universal access to financial literacy and availability of micro credit, micro insurance and pension scheme
A.  Only A and B B.    Only B and C
C.  Only A and C D.    All A, B and C
E.    Only A
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9 . Read the passage carefully and answer the questions given below it. Certain words/ phrases are given in bold to help you locate them while answering some of the questions.

Financial inclusion is a process of ensuring the availability of financial services to all sections of society, at an affordable cost. A key objective of financial inclusion is to help the unbanked population with institutional finance, to enable them to become self-employed and ensure a $stable$ income.

The government has made a $concerted$ effort to extend financial inclusion by nationalising banks and establishing a network of rural cooperatives and regional rural banks. The RBI too has initiatives like priority sector lending since the early 1970s, opening of no-frills accounts, establishing business correspondents (BCs) and easing of know-yourcustomer (KYC) norms. Its latest efforts include the preparation of guidelines for licensing payments banks and small banks. The National Bank for Agriculture and Rural Development (NABARD) has also supported the cause, adopting measures for cooperative banks and regional rural banks, enabling kisan credit cards andspreading financial literacy. In addition, a number of private sector institutions have also been operating in the area. Despite all this, nearly half the population/ households do not even have a bank account.

It is in this context that Finance Minister Arun Jaitley, in his $maiden$ budget speech, mentioned the Financial Inclusion Mission (FIM) to provide banking services to all households in India. The FIM, focused on empowering the weaker sections of society, was launched on August 15, with two bank accounts eligible for credit per family.

The scheme reportedly $conceives$ six pillars to achieve comprehensive or sampoornfinancial inclusion. These are - universal access to banking facilities, financial literacy, basic bank accounts and availability of micro credit, micro insurance, and pension scheme. The vision is to have a banking account for each family and beneficiary by March 2016. To encourage people to start using banking facilities, the government is considering providing an overdraft of Rs.5,000 through a debit card to every basic banking account holder. The $strategy$ is to strengthen the existing business correspondent model (BCM) to make it operationally flexible and viable with the expansion of banking services

Choose the word/group of words which is MOST SIMILAR in meaning to the word/ group of words printed in bold as used in the passage
$Maiden$
A.  Final B.    Concluding
C.  first D.    latest
E.    intersting
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10 . Read the passage carefully and answer the questions given below it. Certain words/ phrases are given in bold to help you locate them while answering some of the questions.

Financial inclusion is a process of ensuring the availability of financial services to all sections of society, at an affordable cost. A key objective of financial inclusion is to help the unbanked population with institutional finance, to enable them to become self-employed and ensure a $stable$ income.

The government has made a $concerted$ effort to extend financial inclusion by nationalising banks and establishing a network of rural cooperatives and regional rural banks. The RBI too has initiatives like priority sector lending since the early 1970s, opening of no-frills accounts, establishing business correspondents (BCs) and easing of know-yourcustomer (KYC) norms. Its latest efforts include the preparation of guidelines for licensing payments banks and small banks. The National Bank for Agriculture and Rural Development (NABARD) has also supported the cause, adopting measures for cooperative banks and regional rural banks, enabling kisan credit cards andspreading financial literacy. In addition, a number of private sector institutions have also been operating in the area. Despite all this, nearly half the population/ households do not even have a bank account.

It is in this context that Finance Minister Arun Jaitley, in his $maiden$ budget speech, mentioned the Financial Inclusion Mission (FIM) to provide banking services to all households in India. The FIM, focused on empowering the weaker sections of society, was launched on August 15, with two bank accounts eligible for credit per family.

The scheme reportedly $conceives$ six pillars to achieve comprehensive or sampoornfinancial inclusion. These are - universal access to banking facilities, financial literacy, basic bank accounts and availability of micro credit, micro insurance, and pension scheme. The vision is to have a banking account for each family and beneficiary by March 2016. To encourage people to start using banking facilities, the government is considering providing an overdraft of Rs.5,000 through a debit card to every basic banking account holder. The $strategy$ is to strengthen the existing business correspondent model (BCM) to make it operationally flexible and viable with the expansion of banking services
$Conceives$
A.  avoids B.    accepts
C.  disregards D.    dislikes
E.    knows
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