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Directions (Q. 86-95):
In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words / phrases are suggested, one of which fitsthe blank appropriately. Find out the appropriate word/ phrase in each case:
Mobile banking (M banking) involves the use of a mobile phone or any other mobile device to ...(86)... financial transaction linked to a client’s account. M banking is newin most countries and most mobile payment models even in developed countries to date operate on a ...(87)... scale. A mobile network offers a ...(88)... available technology platform onto which other services can be provided at low cost with effectiveresults. For example, M banking services which the ...(89)... such as SMS can be carried at s cost of less than one Us cent per message. The low cost of using existing infrastructure makes such services more ...(90)... to use by customers with lower purchasingpower and opens up access to services which did not reach them earlier due to ...(91)... cost of service delivery. Although M banking is one aspect in the wider ...(92)... of e-banking there are reasons to single it out for focus especially because thereare a lot more people with mobile phones than bank accounts in India M banking could provide a ...(93)... solution to bring more “ unbanked” people to the financial mainstream. Without traditional credit, individuals are ...(94)... to exploitation byabrasive lenders offering very high interest rates on short term loans. Also of considerable importance are public safety implications for the unbanked they are often victims of crime because many operate on a cash-only basis and end up carrying significantamounts of cash on their ...(95)... or store cash in their homes.
In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words / phrases are suggested, one of which fitsthe blank appropriately. Find out the appropriate word/ phrase in each case:
Mobile banking (M banking) involves the use of a mobile phone or any other mobile device to ...(86)... financial transaction linked to a client’s account. M banking is newin most countries and most mobile payment models even in developed countries to date operate on a ...(87)... scale. A mobile network offers a ...(88)... available technology platform onto which other services can be provided at low cost with effectiveresults. For example, M banking services which the ...(89)... such as SMS can be carried at s cost of less than one Us cent per message. The low cost of using existing infrastructure makes such services more ...(90)... to use by customers with lower purchasingpower and opens up access to services which did not reach them earlier due to ...(91)... cost of service delivery. Although M banking is one aspect in the wider ...(92)... of e-banking there are reasons to single it out for focus especially because thereare a lot more people with mobile phones than bank accounts in India M banking could provide a ...(93)... solution to bring more “ unbanked” people to the financial mainstream. Without traditional credit, individuals are ...(94)... to exploitation byabrasive lenders offering very high interest rates on short term loans. Also of considerable importance are public safety implications for the unbanked they are often victims of crime because many operate on a cash-only basis and end up carrying significantamounts of cash on their ...(95)... or store cash in their homes.
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