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.
A large number of branches' of banks have been set up in the villages. The main purpose of setting up these banks is to develop the habit of saving among the villagers and also to give loans to farmers for boosting production in one way or the other. So far banks had been concentrated in the bigger cities and Indian villagers had no faith in them. The new banks also intend to re channel bank credit-from the big industries to the small sectors. With the intention of promoting rural banking, regional rural banks were established. These aligned the local field with the rural problems. These banks are not to replace the other credit giving bodies but to supplement them. The steering committee of the Regional Rural Banks considered some structural changes. First of all, they gave thought to the staffing spectrum, then to effective coordination among banks - rural cooperatives and commercials, and the possibility of bringing credit within the access of weaker sections. They wanted to recruit staff for the rural banks at lower salaries. But this type of discrimination would have been unfruitful. So, it was given up. A problem with regard to the rural banks is the creditworthiness of the poor. The Indian farmers are so poor that they cannot pay back their loans. The rural Indian surveys make it quite clear that practically rural farmers have no credit worthiness. Their socio-economic mobility is almost zero. That is why banks fear that their credit will never be paid back. Another difficulty for the rural banks is that loans cannot be processed so easily. Processing loans also entails heavy expenditure. This was also going to affect their financial position. Still the establishment of the rural banks was decided because the social advantages were more important than the commercial consideration. Rural banks definitely encourage savings.No doubt the villagers do not have to pay income tax and they get many other concessions, yet their saving is not significant. Despite all the hurdles, the rural banking system will boost up the economy of villages, and thereby the economy of the country.
1. The structural changes made by the Steering Committee were in respect of
(1) staffing, co-coordinating and providing access to weaker sections.
(2) building smaller buildings to house the banks.
(3) investing very little in terms of infrastructure required to start a bank.
(4) discriminating between urban bank staff and rural bank staff.
(5) None of these
2. Which of the following is possibly the most appropriate title for the passage?
(1) Regional Rural Banks
(2) The Rural Consumer
(3) Microfinance In Rural India
(4) Characteristics of Indian Villages
(5) Banking Concepts In India
3. Which of the following is not true according to the passage?
(1) Processing of loans by rural banks is difficult.
(2) Staff of the rural banks is paid a lower salary as compared to urban banks.
(3) Rural banks may not make as much profit as their urban counterparts.
(4) Processing of loans by banks is not cheap.
(5) Rural farmers are, many a time, unable to pay back the loans they avail.
4. Which of the following is one of the benefits of living in the village, as mentioned in the passage?
(1) People living in the village enjoy a higher income than their urban counterparts.
(2) People living in villages do not have to pay income tax and they also get other concessions.
(3) People living in villages have a better quality of life.
(4) Villages are self-sufficient; hence the do not need outside help for any activity.
(5) People living in villages are rarely in need of a loan.
Directions (5–7): Choose the word/group of words which in most similar in meaning to the word/group of words printed in bold as used in the passage.
5. CONCENTRATED
(1) clustered (2) rigorous
(3) attentive (4) diluted
(5) intense
6. ACCESS
(1) admittance (2) reach
(3) admission (4) entry
(5) permission
7. ENTAILS
(1) recommends (2) lasts
(3) lists (4) involves
(5) filters
Directions (8 – 9): Choose the word/group of words which is most opposite in meaning to the word/group of words printed in bold as used in the passage.
8. BOOSTING
(1) reducing
(2) managing
(3) overwhelming
(4) smoothening
(5) heightening
9. SIGNIFICANT
(1) forgettable
(2) untrustworthy
(3) reliable
(4) irregular
(5) little
Answers :
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