Dear readers,

This quiz consists of questions from
various Banking entrance exams held during the last few years. Leave your
answers/ responses in the comments section below and we’ll soon let you know
the correct answers!

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
financial transactions.  In 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 spreaing at a
(9) rate and in India alone new cell phone connection are growing at the rate
of six million a month a rate of customer (10) that no bank can dream of.

1.

(a) Knowledge

(b) security

(c) presence

(d) confidentiality

(e) guarantee

2.

(a) negotiate

(b) advance

(c) credit

(d) disburse

(e) sanction

3.

(a) pursue

(b) interact

(c) operate

(d) enable

(e) engage

4.

(a) drawback

(b) hurdle

(c) consequence

(d) luxury

(e) innovation

5.

(a) Despite

(b) Although

(c) Even

(d) Yet

(e) Until

6.

(a) view

(b) realise

(c) display

(d) engineer

(e) assess

7.

(a) essential

(b) obsolete

(c) extant

(d) retreat

(e) expired

8.

(a) moderately

(b) occasionally

(c) compulsorily

(d) indiscriminately

(e) effectively

9.

(a) phenomenal

(b) gradual

(c) proportionate

(d) competitive

(e) projected

10.

(a) discount

(b) base

(c) expansion

(d) satisfaction

(e) relationship

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Answers 

1(b)    2(d)    3(c)   
4(e)    5(d)      6(a)    
7(b)      8(e)     9(a)     
10(c)