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In the following passage each blank has been numbered. For the blank named in the question, four words are suggested. Find out the appropriate word which fits that blank. With the __(41)__ of Indian…

Question and options

In the following passage each blank has been numbered. For the blank named in the question, four words are suggested. Find out the appropriate word which fits that blank.

With the __(41)__ of Indian economy __(42)__ various reforms initiated banking sector __(43)__ a pivotal role in the process of achieving __(44)__ economic growth and also in __(45)__ the social well being at large. The public sector __(46)__ in India have the twin tasks ahead of meeting the social banking __(47)__ and at the same time generating __(48)__ profits to meet the costs associated with the growth. At present, banks have more than 76% of their total branch __(49)__ in rural and semi-urban __(50)__.
Choose the word that fits blank (47).
  1. limitations
  2. obligations
  3. derivatives
  4. liabilities

Answer and explanation

Correct answer: B - obligations
Public sector banks must meet their social banking obligations, such as lending to priority sectors and rural areas. “Liabilities” are what a bank owes, such as deposits and borrowings, “limitations” are not something one meets, and “derivatives” are financial instruments.

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  • CUSAT CAT Five-Year LL.B.

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