Directions (1-9): Read the following passage carefully and answer the questions given below it. Certain words/phrases have been printed in bold to help you locate them while answering some of the questions:
Technology and banking are inseparable now in India. The transformation from brick and morfar banking to technology driven banks has been fairly rapid during the last two decades. Economic liberalization and the integration with internationals best practices in banking and finance gave the much needed push to a largely stagnatingcomputerization program. It was also understood that if banking was to become efficient and penetrative the aid of technology was crucial. Challenges of diverse nature were faced to achieve the current status though it can safely be said that much is still to be done. It would be interesting to recall and appreciate this journey. Banking in India had a fairly laid back approach prior to the emergence of the reform period during the mid 1990. The nationalized banks and a handful of old private sector banks were managing the banking sector in their own inimitable way. The direction was given by the government by their periodic policy statements which were an extension of the social control initiated by banks’ nationalization in 1969.the major thrust was on penetrating the rural sector by opening of bank branches in their region and starting of rural development programmes with bank support. There was undoubtedly much activity in the rural and semi-urban regions with focus on directed funding of priority sectors. However during the late 1980s computerization was introduced in India and the banking sector was also identified as a thrust area.
1.In India banks were nationalized in
(1) Not mentioned in the passage (2) In mid 1990s (3) In the year 1969
(4) In the year 1980 (5) None of these
2.Banking and technology inseparable in India because-
(1) banking and technology has a vital role in up gradation of banking system in India.
(2) banking and technology cannot be compared.
(3) computerization of banks has laid the customers satisfaction.
(4) Not mentioned in the passage
(5) None of these
3.When did banking sector was recognized as a thrust area?
(1) when nationalization of banks took place. (2) In the late 1980’s
(3) when computerization was introduced in India (4) Both 2 & 3
(5) None of these
4.What gave much needed push to largely stagnating computer programme?
(1) Nationalization of banks in 1969.
(2) Economic liberalization & the integration with International best practices in banking & finance
(3) After the focus on direct funding of priority sectors.
(4) Penetration in the rural areas by the banks after opening more branches
(5) None of these
5.How was the direction given to the public and private sector banks by the government?
(1) On telephone calls
(2) By sending letters & mails
(3) by the periodic policy statement
(4) by the annual financial statement
(5) None of these
6.Why it is said “much is still to be done” as mentioned in the passage?
(1) much time is needed for opening more branches.
(2) it was very late in technology up gradation in banks
(3) challenges of diverse nature were faced to achieve the current status of the bank
(4) challenges of diverse nature were faced to achieve the technological improvement
(5) None of these
7.Which is NOT true according to the passage
(1) during the 1980’s computerization took place
(2) In the 1969 banks were nationalized
(3) Banking & technology are the different faces of the same coin.
(4) both of the above
(5) None of these
8.Who regulates the banking sector in India according to the passage in mid 1990s?
(1) RBI (2) Nationalizes banks & old private banks
(3) government’s periodic policy statement
(4) both 2 & 3 (5) None of these
9.Why banking sector needs to open more branches in the rural areas?
(1) to develop the Indian economy (2) to grow their business
(3) to help in the development of the people in the rural area
(4) all of the above (5) None of these
Answer | |||
Q | A | Q | A |
1 | 3 | 6 | 3 |
2 | 1 | 7 | 5 |
3 | 4 | 8 | 4 |
4 | 2 | 9 | 1 |
5 | 3 | ||
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