SBI: SOLVED PAPER (Clerk General English)
41. What is the aim of the financial inclusion policy ?
(A) A focus on savings needs rather than credit needs of the poor
(B) Minimising utilisation of technology in banks so as to reduce transaction
costs for the poor
(C) To boost low savings volumes in banks by encouraging savings among the rural
poor
(D) To make formal basic banking services available to the poor
(E) To regulate the rate at which moneylenders lend to the poor
42. The authors main objective in writing the passage is to
(A) Criticise the concept of financial inclusion
(B) Point out the problems of financial inclusion
(C) Discuss ways of making the financial inclusion policy successful
(D) Compare financial inclusion policies of different countries
(E) Cite research in support of role of MFIs in achieving financial inclusion
43. Which of the following can be inferred about products with commitment
features ?
1. Demand for such products was high.
2. They were an effective means of increasing the savings of small account
holders.
3. Such facilities can only be offered by informal institutions like MFIs.
(A) All 1, 2 and 3 (B) Only 2
(C) Both 1 and 2 (D) Both 1 and 3
(E) None of these
44. Why do the poor not utilise banking services ?
1. Informal institutions offer higher rates of interest than those in banks.
2. Costs of reaching banks have to be borne by the poor.
3. Bank personnel do not treat the poor respectfully because their savings
amounts are minimal.
(A) Only 2 (B) Both 1 and 2
(C) Both 2 and 3 (D) All 1, 2, and 3
(E) None of these
45. Which of the following is a recommendation made by the author regarding
financial inclusion ?
(A) Reduce the paper work involved by seeking less information about the account
holder
(B) Lower transaction costs by utilising latest technology.
(C) Make commitment features compulsory for all savings accounts
(D) Entrust the responsibility of financial inclusion solely to MFIs
(E) Provide credit facilities even to those without savings accounts
46. Which of the following factors affects ‘saving’ behaviour among the
poor ?
1. Threats from moneylenders if they avail of banking services.
2. Documentation required before availing of banking services.
3. Lack of self-control.
(A) Only 1 (B) All 1, 2 and 3
(C) Only 3 (D) Both 2 and 3
(E) None of these
47. What do the results of the study conducted in the Philippines indicate ?
(A) Account holders in MFIs have higher savings rates than banks
(B) Many of the poor have to turn to moneylenders because of strict restrictions
in MFIs
(C) Having accounts with restriction on withdrawal requires the bank to offer a
higher rate of interest
(D) There should be strong security measures for deposit option accounts for the
poor
(E) None of these
48. Which of the following is true in the context of the passage ?
(A) There are no informal means for the poor to save in India
(B) Having savings encourages the poor to invest only in low risk ventures
(C) There is a huge demand for savings facilities among poor households
(D) Presently commercial banks feel that it is feasible to provide banking
services to the poor in rural areas
(E) There are many official innovative savings systems like roscas in Africa
49. What is/are the outcome(s) of encouraging savings for the poor ?
1. It frees them from the exploitation of moneylenders.
2. Banks are more willing to disburse loans to those who save.
3. They should invest in risky but high return ventures.
(A) Only 1
(B) Both 1 and 2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
50. What was the view of banks regarding the bank accounts of the poor in the
past ?
(A) They were considered a problem since account holders information needed to
be updated constantly
(B) Focus should be more on providing savings facilities not credit
(C) Moneylenders should be regulated so that they share responsibility of
disbursing loans to the poor
(D) Products with commitment features will not be successful
(E) None of these
51. purely :
(A) morally
(B) honestly
(C) completely
(D) perfectly
(E) cleanly
52. demonstrate :
(A) protest
(B) occur
(C) estimate
(D) appear
(E) prove
53. remedy :
(A) medicine
(B) solve
(C) restore
(D) therapy
(E) heal
54. optional :
(A) voluntary
(B) compromise
(C) pressure
(D) mandatory
(E) free
55. accessible :
(A) convenient
(B) unavailable
(C) unfavourable
(D) unpleasant
(E) formal
56. The bank is overstaffed, has led to low productivity.
(A) Led to (B) Will lead towards
(C) And has led in (D) Which has led to
(E) No correction required
57. You delay in taking a decision conveys a negative impression.
(A) You delay to take
(B) If you delay taking
(C) Your delay in taking
(D) To delay by taking
(E) No correction required
58. Today management student itself are opted to work for NGOs even though
the salaries offered to them are low.
(A) Student itself is
(B) Students themselves are
(C) Students have
(D) Student himself has
(E) No correction required
59. Absence off any guidelines, they are unwilling to take up the project.
(A) Absent of
(B) In the absence of
(C) Because of the absence
(D) Without being absent
(E) No correction required
60. Without the development of rural people the country can no claim to be
developed.
(A) Can never claim
(B) Being claimed
(C) Not able to claim
(D) Have not any claim
(E) No correction required
61. Mr. Srinivasan is to become Chairman of the group the retirement of his
father.
(A) set, following
(B) voted, subsequent
(C) selected, despite
(D) approved, because
(E) decided, after
62. to your error the consignment has been delayed by a week.
(A) According, important
(B) Duly, urgent
(C) Owing, entire
(D) Added, crucial
(E) Admitting, special
63. On account of the in sales the software firm has achieved an eight
percent in net profit.
(A) surge, fall (B) increase, rise
(C) decline, slope (D) hike, loss
(E) growth, advance
64. We are proud to say that today 26 percent of our total accounts are by
women and senior citizens.
(A) approximate, held
(B) nearly, authorised
(C) over, maintain
(D) above, open
(E) around, operated
65. The company has special training to employees on to trade online.
(A) announced, benefits
(B) offered, course
(C) imparted, risks
(D) sanction, skills
(E) provided, how
Answers With Explanation :
41. (d) 42. (c) 43. (d) 44. (a) 45. (b)
46. (d) 47. (a) 48. (c) 49. (b) 50. (e)
51. (c) 52. (E) 53. (b) 54. (d) 55. (b)
56. (d) 57. (c)58. (c) 59. (B) 60. (a)
61. (a) 62. (c) 63. (b) 64. (e) 65. (E)
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