Adda 247 will provide you daily English Language Mock of “SBI PO Prelims. In today’s English Language Mock, we have a Cloze Test Based Quiz. Stay tuned with bankersadda to get Daily English Language Mock and boost your preparation for the upcoming bank exam. You can also prepare with the study plan for SBI PO available on the bankersadda website.
Directions (1-5): 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 are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.
This move was long overdue. Nevertheless, better late than never. On Wednesday, the cabinet approved a proposal to bring all 1,540 cooperative banks under the direct ___________ (1) of the Reserve Bank of India (RBI). That this wasn’t the case so far may surprise customers of these banks. For historical reasons, they were under a dual regulatory structure, with RBI and the Registrar of Cooperative Societies sharing authority. This overlap made for confusion, lax overall supervision, and frequently ___________ (2) outcomes. Administrative matters may still lie with the registrar. But under RBI’s watch, cooperative banks will now be subject to the same _______________ (3) rules that apply to commercial banks. This is expected to improve their governance, enhance transparency and ______________ (4) public confidence in the safety of deposits. The hope is that this will rid the banking sector of a weak link. Some 86 million depositors have their savings in these, and the failure of even one such bank hurts the image of all banks. The recent Punjab and Maharashtra Cooperative Bank crisis, for example, sent ___________ (5) all around. That RBI is taking full charge is a relief.
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