Daily Practice Quiz 89 – Free Mock Test 2022 For Bank Exam

C. The given sentence has been broken up into four different parts. The error, if any, will be in one or more parts of the sentence. Select the option which contains the combination of the error. If all are correct mark Option E as your answer.
Ratan Tata’s advocate told the Bombay High Court (A)/ that Nusli Wadia filled a criminal defamation case (B)/ for him because of a fallout of a corporate dispute as (C)/ Mr. Wadia was a strong supporter on the former Tata Sons chairman Cyrus Mistry. (D)/ All are correct (E)
A. BCD
B. ABC
C. ACD
D. DCA
E. All are correct

2. Read the passage and answer the following questions.
With 2.5 billion people around the world still excluded from the formal financial system, there is growing interest in how to extend financial services to the “unbanked” , many of whom live in extreme poverty in developing countries. Their exclusion from formal financial services forces them to rely on risky and expensive alternatives, which stifles both individua and macro-level economic development. Evidence also shows that people want savings, and demand for savings accounts outstrips demand for credit in sub-Saharan Africa. But the problem for many of the poorest people is that they simply don’t have a good way of doing it. As Nelly Otieno, microfinance specialist with Care Kenya pointed out, in the absence of any
savings vehicles, excess cash has tended to get nut into something like livestock A poor woman with spare cash invests in a chicken. There’s quite a —— between that form of investment and the kind of formal products provided by banks. That’s where community-led savings groups have a role to play, and what surprised Otieno was the fervour with which people joined these groups and how quickly they demanded more advanced products as a group and wanted to invest individually too. “In the past three years, we’ve seen a huge demand coming from these groups, ” she said. “Initially it’s to start saving, but in time as they build the confidence they want to increase their savings, and as they increase their savings they also want to invest more in their own businesses.” The seminar discussed how graduation from these community-led savings schemes into a wider array of formal financial services is potentially risky. It is at this point, for instance, that many financial services providers might identify an opportunity to step in and offer all sorts of products to a burgeoning customer base, which may or may not be in the interests of those customers.
A. What can be inferred from the given statement?
‘Evidence also shows that people want savings, and demand for savings accounts outstrips demand for credit in sub-Saharan Africa. But the problem for many of the poorest people is that they simply don’t have a good way of doing it.’
A. People in Sub-Saharan Africa do not bother to save and prefer to take credit
instead.
B. People in African countries do not have access to financial services, so there is no
demand for saving accounts.
C. In African countries demand for credit outstrips the demand for saving accounts.
D. If banking services are available to people then people would prefer saving
over taking credit.
E. None of the above

E. Which of the following statements is/are true according to the given passage?
1. The seminar discussed how graduation from these communityled savings schemes into a wider array of formal financial services is potentially risky.
2. If people do not have saving vehicles they tend to put their excess cash into something like livestock.
3. Exclusion of people from financial services cannot force them to rely on risky and expensive alternatives.
A. only 3
B. only 2
C. only 2 and 3
D. all 1,2 and 3
E. None of the above