IBPS RRB Officer Scale 1 Model Paper 2

Directions (151-160) : In the following passage there are blanks each of whichhas been numbered. These numbers are printed below the passage and againsteach, five words/phrases are suggested, one of which fits the blank appropriately.Find out the appropriate word in each case.
‌‌‌‌‌‌Mobile banking (M banking) involves the use of a mobile phone or any othermobile device to (151) financial transaction linked to a client’s account. M bankingis new in most countries and most mobile payment models even in developedcountries to date operate on a (152) scale. A mobile network offers a (153) availabletechnology platform onto which other services can be provided at low cost witheffective results. For example, MI banking services which use (154) such as SMScan be carried at a cost of less than one. US cent per message. The low cost ofusing existing infrastructure makes such services more (155) to use by customerswith lower purchasing power and opens up access to services which did not reachthem earlier due to (156) cost of service delivery. Although M banking is oneaspect in the wider (157) of e-banking there are reasons to single it out for focusespecially because there are reasons to single it out for focus-especially becausethere are a lot more people with mobile phones than bank accounts in India.
‌‌‌‌‌‌‌‌M banking could provide a (158) solution to bring more “unbanked” people tothe financial mainstream. Without traditional credit individuals are (159) toexploitation by abusive lenders offering very high interest rates on short termloans. Also of considerable importance are public safety implications for theunbanked they are often victims of crime because many operate on a cash onlybasis and end up carrying significant amounts of cash on their (160) or storecash in their homes.