English Language Quiz For IBPS | RBI | SBI | NABARD | LIC | 22-04-2023

 

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Mahendras has started special quizzes for IBPS | RBI | SBI | NABARD | LIC so that you can practice more and more to crack the examination. This IBPS | RBI | SBI | NABARD | LIC Exam special quiz series will mold your preparations in the right direction and the regular practice of these quizzes will be really very helpful in scoring good marks in the Examination. Here we are providing you the important question of English Language for the IBPS | RBI | SBI | NABARD | LIC.

In order to promote a less cash economy , the government has said it will bear the

transaction cost for all payments made to it through cards or net-banking. “Government departments shall take -----(A)----- steps to bear MDR costs like other merchants. The public shall not bear this cost . It said the ------(B)------ to ------(C)------- such payment to intermediaries on transactions involving net banking is being worked out and the detailed -----(D)-----and operational -----(E)----- would be issued in due course. The ministry has issued the ----(F)---- in line with the government’s decision to promote digital ----(G)---- in government payments and collections. Earlier , the government had set up a task force under DIPAM secretary . The task force has ----(H)---- the issue with government departments. The Reserve Bank in 2012 had ----(I)---- the MDR at 0.75% for values upto2000/- . -----(J)---- there is no RBI cap on MDR d=credit card payments. In order to promote a less cash economy , the government has said it will bear the transaction cost for all payments made to it through cards or netbanking. “Government departments shall take -----(A)----- steps to bear MDR costs like other merchants.

1-Blank No. A

A. Correct

B. Appropriate

C. Ideal

D. Good

E. Inaccurate

Solution : Option B

2-It said the ------(B)------ to ------(C)------- such payment to intermediaries on transactions involving net banking is being worked out

Blank No. B

A. Methodology

B. Plan

C. Operation

D. Action

E. Area

Solution: Option A

3-It said the ------(B)------ to ------(C)------- such payment to intermediaries on transactions involving net banking is being worked out

Blank No. C

A. Refurbish

B. Pay

C. Add

D. Cap

E. Reimburse

Solution : Option E

4-It said the ------(B)------ to ------(C)------- such payment to intermediaries on transactions involving net banking is being worked out and the detailed ----- (D)-----and operational -----(E)----- would be issued in due course.

Blank No. D

A. Orders

B. Instructions

C. Guidelines

D. Restrictions

E. Report

Solution : Option C

5-It said the ------(B)------ to ------(C)------- such payment to intermediaries on transactions involving net banking is being worked out and the detailed ----- (D)-----and operational -----(E)----- would be issued in due course.

Blank No. E

A. Modalities

B. Guidelines

C. Devices

D. Rules

E. Regulations

Solution : Option A

6-The ministry has issued the ----(F)---- in line with the government’s decision to promote digital ----(G)---- in government payments and collections.

Blank No. F

A. Bill

B. Law

C. Circular

D. Plan

E. Deal

Solution : Option C

7-The ministry has issued the ----(F)---- in line with the government’s decision to promote digital ----(G)---- in government payments and collections.

Blank No. G

A. Payment

B. Billing

C. Fees

D. Selling

E. Transactions

Solution : Option E

8-The task force has ----(H)---- the issue with government departments.

Blank No. H

A. Pointed

B. Used

C. Spoken

D. Flagged

E. Researched

Solution : Option D

9-The Reserve Bank in 2012 had ----(I)---- the MDR at 0.75% for values upto 2000/-

Blank No. I

A. Reduced

B. Set

C. Reset

D. Capped

E. Increased

Solution : Option D

10------(J)---- there is no RBI cap on MDR d=credit card payments.

Blank No. J

A. But

B. Although

C. However

D. Despite

E. Because

Solution : Option C