Showing posts with label ibps clerk prelims. Show all posts
Showing posts with label ibps clerk prelims. Show all posts

Tuesday, 5 December 2017


Directions (1-10): In the following questions, a set of five words are given, out of which one is incorrectly spelt. You have to figure out this incorrectly spelt word which is also your answer.

Q1. 
(a)prejudice
(b)synagouge
(c)prophet
(d)pilgrimage
(e)impasto

S1. Ans.(b)
Sol.synagogue


Q2.
(a)disassemble
(b)hygiene
(c)polyester
(d)conscience
(e)aliteration

S2. Ans.(e)
Sol.alliteration

Q3. 
(a)exclammation
(b)dependency
(c)encouragement
(d)preference
(e)racism

S3. Ans.(a)
Sol. exclamation


Q4.
(a)Conceit
(b)stireotype
(c)hymn
(d)funeral
(e) Occurred

S4. Ans.(b)
Sol. stereotype


Q5. 
(a)commandment
(b)pilgrimmage
(c)Christianity
(d)Occasion
(e)Consummation

S5. Ans.(b)
Sol. pilgrimage


Q6. 
(a)Indispensable
(b)Reclamation
(c)Bureau
(d)Definitely
(e)Bangalow

S6. Ans.(e)
Sol. Bungalow


Q7. 
(a)Languor
(b)Consummation
(c)Manoeuvre
(d)Unparalelled
(e)Committee

S7. Ans.(d)
Sol. Unparalleled


Q8. 
(a)Accommodation
(b)Ameliorate
(c)Semimonthly
(d)Binneial
(e)Psychopathology

S8. Ans.(d)
Sol. Biennial

Q9. 
(a)Incessantly
(b)Pneumonia
(c)Barbarian
(d)Pasteurization
(e)Knevishly

S9. Ans.(e)
Sol. Knavishly

Q10. 
(a)questionnaire
(b)reminiscence
(c)sacrelegious
(d)sergeant
(e)repetition

S10. Ans.(c)
Sol. sacrilegious


Saturday, 2 December 2017


IBPS Clerk Prelims Analysis: Overall  

The preliminary exam for IBPS Clerk was conducted online and had 100 questions for 60 minutes. Candidates have to manage those 60 minutes themselves while dealing with three sections- Reasoning Ability (35 Ques), Numerical Ability (35 Ques), and English Language (30 Ques). 

SubjectGood AttemptTime (in min.)
English Language15-1715
Reasoning Ability29-3220
Numerical Ability24-2725
Total79-8460


English Language (Moderate-Difficult)

The level of English Language was Moderate-Difficult. The topic of reading comprehension was based on story. There were no questions related to the vocabulary with Reading Comprehension. The Error Detection questions were of a new pattern where candidates were asked to find the part in the sentence that does not have any error. There were questions of (single) Fill in the blank where two words would fit one blank and candidate had to choose among given set of words and identify the two words that would fill in the blank appropriately.
TopicNo. of QuestionLevel
Reading Comprehension5Moderate
Single Filler - New Pattern5Moderate-Difficult
Error Detection 8Moderate
Phrase Replacement12Moderate-Difficult
Total30Moderate-Difficult


Numerical Ability (Easy-Moderate)

The level of Numerical Ability section was Easy-Moderate. The number of questions from arithmetic (word problems) was significantly high as 10 out of 35 questions were from the arithmetic portion There was only 1 set of DI:
  • Tabular 

TopicsNo. of QuestionLevel
Tabular DI5Moderate
Simplification15Easy-Moderate
Number Series (Missing)5Easy-Moderate
Average1Easy
Profit & Loss1Easy
Simple Interest and Compound Interest1Easy
Discount1Easy
Problem on Ages1Easy
Ratio and Proportion1Easy
Time and Work1Moderate
Boat and Stream1Moderate
Miscellaneous 2Easy
Total35Easy-Moderate


    Reasoning Ability (Easy)

    There were 3 sets of puzzles and Seating Arrangement:-
        TopicsNo. of QuestionsLevel
        Direction Sense2Easy
        Puzzles and Seating Arrangement15Moderate
        Coding-Decoding5Easy
        Alphabet based2Easy
        Inequality3Easy
        Syllogism3Easy
        Alphabet Series5Easy
        Total35 Easy


        IBPS CLERK PRELIMS EXAM ANALYSIS & REVIEW: 

        IBPS‘s recruitment of Clerk is the much-anticipated opportunity for every banking aspirant and with the Preliminary exam, you are now a step closer to achieve your goal. Today's (02nd December'17) IBPS Clerk Pre exam 3rd shift is over now, and it is the time for its Exam Analysis. All those aspirants who are yet to appear for IBPS Clerk Prelims Exam can benefit from this exam analysis as here we provide you an insight on the types and levels of questions being asked in this year's IBPS Clerk Prelims exam. The level of this shift's examination was Moderate.


        IBPS Clerk Prelims Analysis: Overall  


        The preliminary exam for IBPS Clerk was conducted online and had 100 questions for 60 minutes. Candidates have to manage those 60 minutes themselves while dealing with three sections- Reasoning Ability (35 Ques), Numerical Ability (35 Ques), and English Language (30 Ques). 

        SubjectGood AttemptTime (in min.)
        English Language15-1815
        Reasoning Ability26-2920
        Numerical Ability21-2425
        Total77-8060


        English Language (Moderate-Difficult)

        The level of English Language was Moderate-Difficult. The topic of reading comprehension was based on "The strategy and actions of China's ecological.". There were no questions related to the vocabulary with Reading Comprehension. The Error Detection questions were of a new pattern where candidates were asked to find the part in the sentence that does not have any error. There were questions of (single) Fill in the blank where two words would fit one blank and candidate had to choose among given set of words and identify the two words that would fill in the blank appropriately.
        TopicNo. of QuestionLevel
        Reading Comprehension5Moderate
        Single Filler - New Pattern5Moderate-Difficult
        Error Detection 8Moderate
        Phrase Replacement12Moderate-Difficult
        Total30Moderate-Difficult


        Numerical Ability (Easy-Moderate)

        The level of Numerical Ability section was Easy-Moderate. The number of questions from arithmetic (word problems) was significantly high as 10 out of 35 questions were from the arithmetic portion There was only 1 set of DI:
        • Tabular 

        TopicsNo. of QuestionLevel
        Tabular DI5Moderate
        Simplification15Easy-Moderate
        Number Series (Missing)5Easy-Moderate
        Average1Easy
        Profit & Loss1Easy
        Simple Interest and Compound Interest1Easy
        Discount1Easy
        Problem on Ages1Easy
        Ratio and Proportion1Easy
        Time and Work1Moderate
        Boat and Stream1Moderate
        Miscellaneous 2Easy
        Total35Easy-Moderate


          Reasoning Ability (Easy)

          There were 3 sets of puzzles and Seating Arrangement which are given below:-
          • Linear (North-South, 1 variable)
          • Circular (Towards the center) - 1 Variable
          • Floor Based (1 variable)
              TopicsNo. of QuestionsLevel
              Order and Ranking2Easy
              Puzzles and Seating Arrangement15Moderate
              Numerical Series4Easy
              Alphabet based1Easy
              Inequality2Easy
              Syllogism3Easy
              Alphabet Series5Easy
              Direction Sense 2 Easy
              Coding-Decoding1 Easy
              Total35Easy

              Sunday, 26 November 2017


              Directions (1-15): Read the passage and answer the following questions according to the passage. (Source: The Hindu)

              There are good reasons why the ‘Heart of Asia’ conference, part of a 14-nation process begun in 2011 to facilitate the development and security of Afghanistan, is so named. The obvious one is geographical, as Afghanistan lies at the junction of Central, South and East Asia, and also of the ancient trading routes from China and India to Europe. Today it is also a focal point for the region’s biggest challenge of terrorism; some of the far-reaching battles against al-Qaeda, Islamic State, etc. will be decided on the battlegrounds of Afghanistan. For India, putting terror centre stage at the Heart of Asia declaration in Amritsar was thus timely and necessary. In tandem, Afghan President Ashraf Ghani and Prime Minister Narendra Modi focussed their concerns on cross-border terrorism emanating from Pakistan, something even Pakistan’s traditional allies at the conference, including China, Saudi Arabia, the UAE and Turkey, found difficult to counter. The case Mr. Ghani made was clear: progress and development in Afghanistan are meaningless and unsustainable without peace, and peace is contingent on Pakistan ending support to terror groups such the Haqqani network and Lashkar-e-Taiba. He dared Pakistan to use its proposed development grant to Afghanistan to fight terror on its own soil.

              However, if every window for engagement with Pakistan is closed for India and Afghanistan, the two countries must closely consider what their next step will be. A lack of engagement may, in the short term, yield some pressure on Pakistan’s leadership to act, as it did briefly after the Pathankot attack. But in the long run it may deplete the two countries of their limited leverage as Pakistan’s neighbours. It may, for all the affirmations of mutual ties, also succeed in driving more obstacles to trade between India and Afghanistan. In the past year, the cornering of Pakistan by its South Asian neighbours has only yielded deeper ties for Islamabad with Beijing and Moscow, pushed Kabul closer to Central Asia, and moved New Delhi towards multilateral groupings to the east and south. As a result, the measures India and Afghanistan have envisaged in order to avoid Pakistan, such as land trade from the Chabahar port and a dedicated air corridor between Delhi and Kabul, may prove to be insufficient by the time they are put in place, even as Afghanistan is connected more closely via a rail line from China’s Yiwu and Tehran. The Heart of Asia process thus remains critical to forging cooperation to realise Afghanistan’s potential to be a vibrant Asian “hub”.

              Q1. What according to the author was the initial agenda for the ‘Heart of Asia’ conference?
              (a) To strategically invade the intruders of peace and to rage war against terrorism
              (b) To make Afghanistan from the Asian ‘Hub’ to the trading central between East Asia and Europe
              (c) To bring out Afghanistan’s potential as Asian ‘Hub’ and to facilitate development and security in Afghanistan.
              (d) To plan the strategy of utilizing it’s potential as the focal point of terrorism and attack Pakistan
              (e) All of the above were included in the agenda of the ‘Heart of Asia’ conference 

              Q2. In Mr. Ghani’s view, what is mandatory for sustainable development and to attain peace in Afghanistan?
              (a) To rage war again Pakistan and bring this terrorism to a full stop
              (b) To join hands with Haqqani and Lashkar-e-Taiba
              (c) India should invade Pakistan for betterment of neighbouring countries
              (d) Pakistan should end its support to terror groups
              (e) India and Afghanistan needs to cease all sorts of trade and link with Pakistan

              Q3. According to the author; is lack of engagement with Pakistan a good option in the long run?
              (a) No, because the measures India and Afghanistan have taken may prove to be insufficient by the time they are put in place.
              (b) No, because this may lead to more trade difficulties among all countries of middle and south east Asia.
              (c) Yes, because that is the only sure shot solution to get over with terrorism.
              (d) Yes, as Pakistan is not willing to stop supporting terror groups and by secluding it with international ties, cross-border terrorism will come to a halt.
              (e) No, because China and Central Asia have other plans to deal with the situation.

              Q4. What is the theme for this passage?
              (a) The Heart of Asia against Pakistan
              (b) Afghanistan amidst cross-border terrorism
              (c) The prevalent issue of Terrorism by Pakistan
              (d) India and Afghanistan against their neighbour
              (e) India befriends Afghanistan

              Q5. In the given passage, why Afghanistan is being considered as the ‘focal point’ of terrorism?
              (a) New terror groups are being formed in Afghanistan and fighting in India.
              (b)al-Qaeda and Islamic state operate through Afghanistan and are funded by its government
              (c) Pakistan and Afghanistan support groups such as Haqqani network and Lashkar-e-Taiba
              (d) Many battles against big terror groups are fought on the battlegrounds of Afghanistan.
              (e) All of the above statements are the reason for Afghanistan being considered as the ‘focal point’ of terrorism.

              Q6. What are the measures foreseen by India and Afghanistan to avoid their neighbouring country? 
              (a) Including Russia and Europe to tackle the situation.
              (b) Forging cooperation to realise Afghanistan’s potential to be a vibrant Asian “hub”.
              (c) Starting land trade from the Chabahar port and a dedicated air corridor between Delhi and Kabul
              (d) Deepening ties of Islamabad with Beijing and Moscow and, pushing Kabul closer to Central Asia
              (e) Driving more obstacles to trade between India and Afghanistan.

              Q7. Which major issue was discussed by President of Afghanistan and the Prime Minister of India?
              (a) Cross-border terrorism emanating from Pakistan
              (b) Strengthening ties between India and Afghanistan
              (c) Putting pressure on Pakistan for all its wrong deeds
              (d) Measures to avaid another attack like the Pathankot attack
              (e) Including China, Saudi Arabia and the UAE to the Heart of Asia treaty

              Q8. Which among the following statement is not true according to the passage?
              (a) Lack of engagement , in the short term, yield some pressure on Pakistan’s leadership to act on the current scenario of cross-border terrorism.
              (b) Pakistan ending support to terror group such as the Haqqani network and Lashkar-e-Taiba will not be of much influence in the situation of cross-border terrorism.
              (c) Afghanistan is the focal point for the region’s biggest challenge of terrorism.
              (d) Cornering of Pakistan by its South Asian neighbours has only yielded deeper ties for Islamabad with Beijing and Moscow.
              (e)India and Afghanistan are planning for better interconnectivity such as land trade from the Chabahar port and a dedicated air corridor between Delhi and Kabul.

              Q9. Why Pakistan is being considered as the breeding ground for cross-border terrorism?
              (a) Pakistan is initiating World War III
              (b) Pakistan’s allies are supporting it in ceasing trade with India and Afghanistan
              (c) Pakistan has opposed the ‘Heart of Asia’ conference
              (d) Islamabad has close ties with Bejing and Moscow.
              (e) Pakistan is providing support to terror groups such the Haqqani network and Lashkar-e-Taiba.

              Q10. According to the author, what impact will it have if India and Afghanistan cease engagement with Pakistan?
              (a) A lack of engagement may, in the short term, yield some pressure on Pakistan’s leadership to act
              (b) In the long run, such initiative may succeed in driving more obstacles to trade between India and Afghanistan.
              (c) It will definitely put pressure on Pakistan to surrender it’s terror groups, and it will be a measure confirming peace among international borders.
              (d) Both (a) and (b)
              (e) All of the above 

              Q11. Which of the following words is SIMILAR in the meaning of the word ‘contingent’ as used in the passage?  
              (a) Conditional
              (b) Versatile
              (c) Shabby
              (d) Inductive
              (e) Casual

              Q12. Which of the following words is OPPOSITE in the meaning of the word ‘allies’ as used in the passage?  
              (a) Fragile
              (b) Associate
              (c) Opponent
              (d) Dependent
              (e) Establishment

              Q13. Which of the following words is OPPOSITE in the meaning of the word ‘affirmations’ as used in the passage?  
              (a) Proclaim
              (b) Declaration
              (c) Assertion
              (d) Denial
              (e) Enemy

              Q14. Which of the following words is SIMILAR in meaning of the word ‘envisaged’ as used in the passage?  
              (a) Rage
              (b) Foresee
              (c) Turmoil
              (d) Cautious
              (e) Erode

              Q15. Which of the following words is SIMILAR in meaning of the word ‘forging’ as used in the passage?  
              (a) Caucus
              (b) Establish
              (c) Parley
              (d) Disband
              (e) Disapprove

              Solutions
              S1. Ans.(c)
              Sol. There are good reasons why the ‘Heart of Asia’ conference, part of a 14-nation process begun in 2011 to facilitate the development and security of Afghanistan, is so named. The Heart of Asia process thus remains critical to forging cooperation to realise Afghanistan’s potential to be a vibrant Asian “hub”.

              S2. Ans.(d)
              Sol. The case Mr. Ghani made was clear: progress and development in Afghanistan are meaningless and unsustainable without peace, and peace is contingent on Pakistan ending support to terror groups such the Haqqani network and Lashkar-e-Taiba.

              S3. Ans.(a)
              Sol. Refer Last Para, ‘As a result, the measures India and Afghanistan have envisaged in order to avoid Pakistan, such as land trade from the Chabahar port and a dedicated air corridor between Delhi and Kabul, may prove to be insufficient by the time they are put in place…’

              S4. Ans.(b)
              Sol. This is the relevant theme for this passage. 

              S5. Ans.(d)
              Sol. Today it is also a focal point for the region’s biggest challenge of terrorism; some of the far-reaching battles against al-Qaeda, Islamic State, etc. will be decided on the battlegrounds of Afghanistan.

              S6. Ans.(c)
              Sol. ‘As a result, the measures India and Afghanistan have envisaged in order to avoid Pakistan, such as land trade from the Chabahar port and a dedicated air corridor between Delhi and Kabul…’

              S7. Ans.(a)
              Sol. ‘In tandem, Afghan President Ashraf Ghani and Prime Minister Narendra Modi focussed their concerns on cross-border terrorism emanating from Pakistan…’

              S8. Ans.(b)
              Sol. Option is not true, because according to the passage Mr. Ghani has stressed on the fact that to attain peace in Afghanistan it is important that Pakistan stop supporting terror groups. Refer Para 1.

              S9. Ans.(e)
              Sol. Refer Para 1, ‘…on Pakistan ending support to terror groups such the Haqqani network and Lashkar-e-Taiba.’

              S10. Ans.(d)
              Sol. Refer Para 2, ‘A lack of engagement may, in the short term, yield some pressure on Pakistan’s leadership to act, as it did briefly after the Pathankot attack. But in the long run it may deplete the two countries of their limited leverage as Pakistan’s neighbours. It may, for all the affirmations of mutual ties, also succeed in driving more obstacles to trade between India and Afghanistan.’

              S11. Ans.(a)
              Sol. Contingent means occurring or existing only if (certain circumstances) are the case; dependent on.

              S12. Ans.(c)
              Sol. Ally means a state formally cooperating with another for a military or other purpose.

              S13. Ans.(d)
              Sol. Affirmation is the action or process of affirming something which is state emphatically or publicly. Denial is its antonym.

              S14. Ans.(b)
              Sol. Envisage means to contemplate or conceive of as a possibility or a desirable future event.

              S15. Ans.(b)
              Sol. Forging refers to create (something) strong, enduring, or successful. Establish is its synonym.


              Friday, 24 November 2017



              Directions (1-10): In the following passage, there are some blanks to be filled by appropriate word from the given options. Choose the correct word and mark it as your answer.
              Demonetisation of high denomination bank notes was in ----1---- of a series of measures taken by our Government during the last two years. It is a bold and decisive---2----. For several decades, tax evasion for many has become a way of life. This compromises the larger public interest and creates unjust enrichment in favour of the tax evader, to the detriment of the poor and---3----. This has bred a parallel economy which is unacceptable for an inclusive---4----. Demonetisation seeks to create a new ‘normal’ wherein the GDP would be bigger, cleaner and real. This exercise is part of our Government’s ---5---- to eliminate corruption, black money, counterfeit currency and terror funding. Like all reforms, this measure is obviously---6-----, as it seeks to change the retrograde---7----. Drop in economic activity, if any, on account of the currency squeeze during the remonetisation ---8-----is expected to have only a ---9------ impact on the economy. I am reminded here ---10-----what the Father of the Nation, Mahatma Gandhi, had said: “A right cause never fails”.

              Q1.
              (a) continue
              (b) continuation
              (c) contribute
              (d) contrive
              (e) console

              Q2.
              (a) marigold
              (b) manner
              (c) meagre
              (d) measure
              (e) merrier

              Q3.
              (a) deprived
              (b) decided
              (c) deciduous
              (d) detrimental
              (e) diminish

              Q4.
              (a) sonorous
              (b) socio-economic
              (c) sociology
              (d) social
              (e) society

              Q5.
              (a) repetition
              (b) repulsive
              (c) resolve
              (d) reprimand
              (e) ruckus

              Q6.
              (a) dissolute
              (b) dissolve
              (c) disbursal
              (d) disturbing
              (e) disruptive

              Q7.
              (a) carte blanche
              (b) status quo
              (c) bona fide
              (d) faux pas
              (e) ad nauseam


              Q8.
              (a) period
              (b) paranoid
              (c) parabola
              (d) panoramic
              (e) pandemonium

              Q9.
              (a) intransitive
              (b) transitive
              (c) transient
              (d) transverse
              (e) travesty

              Q10.
              (a) with
              (b) off
              (c) about
              (d) of
              (e) around
              Solutions
              S1. Ans (b)
              Sol. continuation -the action of carrying something on over time or the state of being carried on.

              S2. Ans (d)
              Sol. measure-assess the importance, effect, or value of (something).

              S3. Ans (a)
              Sol. deprived-suffering a severe and damaging lack of basic material and cultural benefits.

              S4. Ans (e)
              Sol. Society- is correct word.

              S5. Ans (c)
              Sol. resolve-settle or find a solution to (a problem or contentious matter).

              S6. Ans (e)
              Sol. disruptive-innovative or groundbreaking.

              S7. Ans (b)
              Sol. status quo- the existing state of affairs, especially regarding social or political issues.

              S8. Ans (a)
              Sol. period-a length or portion of time.

              S9. Ans (c)
              Sol. transient- lasting only for a short time; impermanent.

              S10. Ans (d)
              Sol. Preposition ‘of’ is correct.

              Thursday, 23 November 2017



              Directions (1-10): In the given passage, answer the following questions according to the idea expressed in the passage.

              Promotion of a digital economy is an integral part of Government’s strategy to clean the system and weed out corruption and black money. It has a transformative impact in terms of greater formalisation of the economy and mainstreaming of financial savings into the banking system. This, in turn, is expected to energise private investment in the country through lower cost of credit. India is now on the cusp of a massive digital revolution. 
              A shift to digital payments has huge benefits for the common man. The earlier initiative of our Government to promote financial inclusion and the JAM trinity were important precursors to our current push for digital transactions. Already there is evidence of increased digital transactions. The BHIM app has been launched. It will unleash the power of mobile phones for digital payments and financial inclusion. 125 lakh people have adopted the BHIM app so far. The Government will launch two new schemes to promote the usage of BHIM; these are, Referral Bonus Scheme for individuals and a Cashback Scheme for merchants. 
              Aadhar Pay, a merchant version of Aadhar Enabled Payment System, will be launched shortly. This will be specifically beneficial for those who do not have debit cards, mobile wallets and mobile phones. A Mission will be set up with a target of 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards. Banks have targeted to introduce additional 10 lakh new PoS terminals by March 2017. They will be encouraged to introduce 20 lakh Aadhar based PoS by September 2017. Increased digital transactions will enable small and micro enterprises to access formal credit. Government will encourage SIDBI to refinance credit institutions which provide unsecured loans, at reasonable interest rates, to borrowers based on their transaction history.
              The digital payment infrastructure and grievance handling mechanisms shall be strengthened. The focus would be on rural and semi urban areas through Post Offices, Fair Price Shops and Banking Correspondents. Steps would be taken to promote and possibly mandate petrol pumps, fertilizer depots, municipalities, Block offices, road transport offices, universities, colleges, hospitals and other institutions to have facilities for digital payments, including BHIM App. A proposal to mandate all Government receipts through digital means, beyond a prescribed limit, is under consideration. Government will strengthen the Financial Inclusion Fund to augment resources for taking up these initiatives. Government will consider and work with various stakeholders for early implementation of the interim recommendations of the Committee of Chief Ministers on digital transactions.
              The Committee on Digital Payments constituted by Department of Economic Affairs has recommended structural reforms in the payment eco system, including amendments to the Payment and Settlement Systems Act,2007. Government will undertake a comprehensive review of this Act and bring about appropriate amendments. To begin with, it is proposed to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems. Necessary amendments are proposed to this effect in the Finance Bill 2017. As we move faster on the path of digital transactions and cheque payments, we need to ensure that the payees of dishonoured cheques are  able to realise the payments. Government is therefore considering the option of amending the Negotiable Instruments Act suitably.

              Q1. What is the aim of digital economy according to this passage?
              (a) to earn money in digits
              (b) to energise private investment in the country through lower cost of credit.
              (c) an economy where people borrow from government.
              (d) a system that checks hawala money.
              (e) None of the above

              Q2. How many additional new PoS terminals will be introduced by Banks till March 2017.
              (a) 20 lakh
              (b) 5 lakh
              (c) 15 lakh
              (d) 10 lakh
              (e) None of the above

              Q3. What is the name of the App that has provided increased digital transactions?
              (a) POCKETS
              (b) SBI BUDDY
              (c) UPI
              (d) BHIM
              (e) None of the above

              Q4. How many people have adopted the BHIM app so far?
              (a) 125 lakh
              (b) 125 crore
              (c) 125 million
              (d) 15 lakh
              (e) None of the above

              Q5. Which of the following is inappropriate statement according to the given Passage?
              (a) Aadhar Pay, a merchant version of Aadhar Enabled Payment System, will be launched shortly
              (b) Digital Economy will help to weed out the corruption from the system
              (c) Government is considering the option of amending the Negotiable Instruments Act suitably.
              (d) The Increased digital transactions will disable small and micro enterprises to access formal credit.
              (e) None of the above

              Q6. What will be the appropriate Title for the given passage?
              (a) Digital Money
              (b) Online Transactions
              (c) Digital Economy
              (d) Economical Survey
              (e) None of the above

              Q7. Name the Scheme to be launched shortly by the government which will be beneficial for those who do not have debit cards, mobile wallets and mobile phones
              (a) UPI
              (b) Aadhar Pay
              (c) Jan Dhan Yojna
              (d) BHIM
              (e) None of the above

              Q8. What are the two new schemes to be launched by The Government to promote the usage of BHIM?
              (a) unlimited free transactions for pregnant women and cashback for merchants
              (b) cashback for senior citizens and free download for kids
              (c) Referral Bonus Scheme for individuals and a Cashback Scheme for merchants.
              (d) Referral Bonus Scheme for merchants and a Cashback Scheme for individuals.
              (e) None of the above

              Q9. What is the meaning of the phrase ‘Weed out’ as used in the given passage?
              (a) to eliminate anything unwanted
              (b) To smoke weed
              (c) to reprimand
              (d) to demolish
              (e) None of the above

              Q10. What is the name of the board that will replace Regulation and Supervision of Payment and Settlement Systems in the Reserve Bank of India?
              (a) a Supervisory board
              (b) a demonization board  
              (c) a Payments Regulatory Board
              (d) an online payment board
              (e) None of the above
              SOLUTIONS
              S1. Ans.(b) 
              Sol. to energise private investment in the country through lower cost of credit.

              S2. Ans.(d) 
              Sol. 10 lakh

              S3. Ans.(d) 
              Sol. BHIM

              S4. Ans.(a) 
              Sol. 125 lakh

              S5. Ans.(d) 
              Sol. The Increased digital transactions will disable small and micro enterprises to access formal credit.

              S6. Ans.(c) 
              Sol. Digital Economy

              S7. Ans.(b) 
              Sol. Aadhar Pay

              S8. Ans.(c) 
              Sol. Referral Bonus Scheme for individuals and a Cashback Scheme for merchants.

              S9. Ans.(a) 
              Sol. to eliminate anything unwanted


              S10. Ans.(c) 
              Sol. a Payments Regulatory Board 

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