Hello and welcome to ExamPundit. Here is a Reading Comprehension for SBI PO Mains 2015.
Direction (Q. 1 – 10)
: Read the following passage carefully and answer the questions given below it.
: Read the following passage carefully and answer the questions given below it.
A sound and effective banking
system is the backbone of an
economy. The economy of a country can function smoothly and without many hassles if the banking system backing
it is not only flexible but also capable of meeting the new challenges posed by
the technology and other external as well as internal factors. The importance
and role of information technology for achieving this benign objective cannot be undermined. There is an urgent need for
not only technology up gradation but also its integration with the general way
of functioning of banks to give them an edge in respect of services provided to
the customers, better housekeeping, optimizing
the use of funds and building up of management informationsystem for decision making. The technology has the potential to change methods of marketing, advertising, designing,
pricing and distributing financial products and services and cost savings in
the form of an electronic, self-service product delivery channel. The
technology holds the key to the future success of Indian Banks. Thus,
“Electronic Banking” is the need of the hour, which cannot be lost sight of
except at the cost of elimination from the competition.
system is the backbone of an
economy. The economy of a country can function smoothly and without many hassles if the banking system backing
it is not only flexible but also capable of meeting the new challenges posed by
the technology and other external as well as internal factors. The importance
and role of information technology for achieving this benign objective cannot be undermined. There is an urgent need for
not only technology up gradation but also its integration with the general way
of functioning of banks to give them an edge in respect of services provided to
the customers, better housekeeping, optimizing
the use of funds and building up of management informationsystem for decision making. The technology has the potential to change methods of marketing, advertising, designing,
pricing and distributing financial products and services and cost savings in
the form of an electronic, self-service product delivery channel. The
technology holds the key to the future success of Indian Banks. Thus,
“Electronic Banking” is the need of the hour, which cannot be lost sight of
except at the cost of elimination from the competition.
The existence of Electronic
banking also becomes inevitable due
to the standards required to be matched at the international level. Thus, the domestic
as well as the international standards mandates the adoption of Electronic
banking at the earliest possible moment.
banking also becomes inevitable due
to the standards required to be matched at the international level. Thus, the domestic
as well as the international standards mandates the adoption of Electronic
banking at the earliest possible moment.
In India, from the early I990’s, electronic banking is gaining in popularity as an important distribution channel to provide
banking services. This direction is being taken by the batiks to differentiate
their services to the consumers to gain their loyalty. The strategies adopted
by the Indian banks to survive the increased competition are the focus of this
study. Technology is enabling banks to provide the convenience of
anytime-anywhere-banking. Banks are now reengineering
the way in which their services can be reached to their customers by bringing
in flexibility in their “distribution channels”. The earlier brick-and-mortar
branch is no longer sufficient; technology is now taking banks to the homes or
offices, 24 hours a day, 365 days a year through ATMs, phone banking and PC
banking. The financial supply chain is undergoing a fundamental strategic
change.
banking services. This direction is being taken by the batiks to differentiate
their services to the consumers to gain their loyalty. The strategies adopted
by the Indian banks to survive the increased competition are the focus of this
study. Technology is enabling banks to provide the convenience of
anytime-anywhere-banking. Banks are now reengineering
the way in which their services can be reached to their customers by bringing
in flexibility in their “distribution channels”. The earlier brick-and-mortar
branch is no longer sufficient; technology is now taking banks to the homes or
offices, 24 hours a day, 365 days a year through ATMs, phone banking and PC
banking. The financial supply chain is undergoing a fundamental strategic
change.
1. Which of the
following is possibly the most suitable title for
the passage ?
following is possibly the most suitable title for
the passage ?
(a) Effective banking system in India
(b) The government’s regular policy for Indian bank
(c) Structure of Indian Banking
(d) The financial system of India
(e) Electronic banking in India
2. Find the false statements (s) on the basis of the given
passage ?
passage ?
(a) The journey of Indian Banking System can be segregated
into three distinct phases.
into three distinct phases.
(b) There were approximately 1100 banks, mostly small.
(c) Reserve Bank of India was vested with extensive power
for the supervision of banking in India as the Central Banking Authority.
for the supervision of banking in India as the Central Banking Authority.
(d) Banking in the sunshine of Government ownership gave the
public implicit faith and immense confidence about the sustainability of the
institutions.
public implicit faith and immense confidence about the sustainability of the
institutions.
(e) All of the above.
3. Which of the
following is the main objective of the
electronic banking?
following is the main objective of the
electronic banking?
(a) To access banking facility anytime, from anywhere.
(b) To increase customer service , satisfaction but reduce
the cost of banking.
the cost of banking.
(c) No queues to stand in, or turns to wait for the VIP.
(d) Both A and B
(e) None of these
4. Which of the
following best describe the word ‘Reengineering’
as used in the passage?
following best describe the word ‘Reengineering’
as used in the passage?
(a) The fundamental rethinking and radical redesign of
business.
business.
(b) a process of construction of old mechanism.
(c) A new life cycle of products.
(d) All of the above.
(e) None of these
5. Which of the
following facts is true as per the passage?
following facts is true as per the passage?
(a) Secure Access is a simple three-step process that
greatly enhances your online security and allows you to transfer funds online.
greatly enhances your online security and allows you to transfer funds online.
(b) Electronic transactions are fast catching on but branch
banking is unlikely to go out of fashion completely.
banking is unlikely to go out of fashion completely.
(c) Without a sound and effective banking system in India it
cannot have a healthy economy.
cannot have a healthy economy.
(d) The most striking is its extensive reach; it is no
longer confined to only metropolitans or cosmopolitans in India.
longer confined to only metropolitans or cosmopolitans in India.
(e) Both B and C
Direction (Q. 6 -8):
Choose the word which is MOST SIMILAR in meaning to the word printed in bold as
used in the passage.
Choose the word which is MOST SIMILAR in meaning to the word printed in bold as
used in the passage.
6. Backbone
(a) Vertebrae (b) Ineptness (c) Spinal cord (d) Will power (e)
Resolution
Resolution
7. Hassle
(a) Argument (b) Inconvenience (c) Squabble (d) Tranquillity
(e) Aid
(e) Aid
8. Benign
(a) Kind (b) Detrimental (c) Derogatory (d) Favourable (e)
Hateful
Hateful
Direction (Q.9 -10) :
Choose the word which is MOST OPPOSITE in meaning to the word printed in bold
as given below:
Choose the word which is MOST OPPOSITE in meaning to the word printed in bold
as given below:
9. Inevitable
(a) Certain (b) Avoidable (c) Decreed (d) Fateful (e)
Impending
Impending
10. Optimizing
(a) Accretion (b) Elaboration (c) Copulation (d) Growth (e)
Minimum
Minimum
Regards
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