Choose the option that best captures the essence of the text. Issue of money, in the form of banknotes and current accounts subject to cheque or payment at the customer's order. These claims on banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par and effectively transferable by mere delivery in the case of banknotes, or by drawing a cheque that the payee may bank or cash. Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economize on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables ____________.
A) The offsetting of payment flows between geographical areas, increasing the cost of settlement between them.
B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.
C) The offsetting of payment flows only in urban areas, reducing the cost of settlement between them.
D) The offsetting of payment flows only in rural areas, increasing the cost of settlement between them.
A) The offsetting of payment flows between geographical areas, increasing the cost of settlement between them.
B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.
C) The offsetting of payment flows only in urban areas, reducing the cost of settlement between them.
D) The offsetting of payment flows only in rural areas, increasing the cost of settlement between them.
Answer & ExplanationAnswer: B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.
Explanation:
The passage is based on economic development of the bank. It says that the economic growth of the bank in terms of the money is based on the cost of settlement. If this cost is reduced amongst the countries then the flow of payment will be maintained or vice versa. It is nowhere mentioned in the passage about rural or urban areas so we will take a general context. Hence option B is the correct option.
In agroup of six women, there are four dancers, four vocal musicians, one actress and three violinists. Girija and Vanaja are among the violinists while Jalaja and Shailaja do not know how to ply on the violin. Shailaja and Tanuja are among the dancers. Jalaja, Vanaja, Shailaja and Tanuja are all vocal musicians and two of them are also violinists. If Pooja is an actress, who among the following is both a dancer and a violinist ?
The four vocal musicians and one actress in the group are given. Two dancers are Shailaja and Tanuja. Two violinists are Girija and Vanaja. Since Jalaja and Shailaja cannot be violinists, so remaining two violinists are Tanuja and Pooja. Clearly, Tanuja is both a violinist and a dancer.
Statement: The air and rail services have been severely disrupted due to thick fog in the northern part of the country. Courses of action: a. The rail and air services should be temporarily suspended in the region. b. People should be advised to make their travel plan keeping in mind the probable disruption resulting in delay or cancellation of services. c. The government should immediately install modern machines which will enable itto guide the rail and air services even if the thick fog develops.
Keeping in mind the safety and convenience of passengers, both 'a' and 'b' follow. 'c' clearly suggests a remedy to the problem and hence it also follows.
Read the following information carefully and answer the questions given below it. There are five men A,B,C,D and E and six women P, Q, R, S, T and U. A, B and R are advocates, C, D, P, Q and S are doctors and the rest are teachers. Some teams are to be selected from amongst these eleven persons subject to the following conditions.
A, P and U have to be together.
B cannot go with D or R.
E and Q have to be together.
C and T have to be together.
D and P cannot go together.
C cannot go with Q.
If the team is to consist of two male advocates, two lady doctors and one teacher, the members of team are
Read each part of the sentence to find out if there is any error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer.
As the phrase 'as much as' needs to be replaced with 'much as I'. This is because we use 'as much as' for comparing two qualities or things. But here in the given sentence a contrast is given in the latter part of the sentence. So we need a conjunction like 'even though' 'although' etc...
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