free Online Test Cloze Test Questions and Answers Quiz 49
Description: Free Online Test questions and answers on Cloze Test with explanation for various competitive exams,entrance test. Solved examples with detailed answer test 49
"Success has many fathers, while failure is an orphan."
Directions(1 to 10):Traditional bank architecture is based on bank
branches. These branches ensure the physical (1) of
a customer’s savings. A customer may go there to
deposit and withdraw money,(2)loans and (3)in other
fi nanci al transactions. I n the past two decades
banking architecture has changed– the Automated
Teller Machine (ATM) has been a big (4) and credit
and debit cards have created new financial spaces.
(5) the bank branch has remained the bedrock of the
banking system–after all a person needs a bank
account in a branch before he can operate a debit or
ATM card. This may be about to change as technocrats
now (6) cell phones as the new architecture of virtual
banks. This has the potential to make branches (7).
Cell phone banking looks especially relevant for India
since it can penetrate the countryside cheaply and
(8). The world over cell phones are spreading at a (9)
rate and in India alone new cell phone connections
are growing at the rate of six million a month–a rate
of customer (10) that no bank can dream of.