send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
Fill in the blanks with the appropriate words:
he Reserve Bank of India on Friday asked the banks and other lenders to report the accounts restructured due to coronavirus ___(1)___ to credit bureaus. Lenders should make necessary ___(2)___ to their system and ___(3)___ it to credit bureaus within two months, the banking regulator said. All commercial banks including small finance banks, local area banks and regional rural banks, primary (urban) co-operative banks/state co-operative banks/district central co-operative banks, India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) and non-banking financial companies (including housing finance companies) were ___(4)___ to apprise the credit bureaus about restructuring the accounts. The regulator modified the format to ___(5)___ the restructuring of accounts due to COVID-19.
For the consumer bureau, the label of the field ‘written off and settled status’ is modified as ‘Credit Facility Status’ and it will also have a new catalogue value, viz., ‘restructured due to COVID-19’, RBI said. For the commercial bureau, the existing field ‘Major reasons for restructuring’ will have a new catalogue value, viz., ‘restructured due to COVID-19’, it added. The ___(6)___ field ‘account status’ will have a new catalogue value, viz., ‘restructured due to COVID-19' for MFI bureau.
Select the most appropriate option to fill in blank no 2.
Degenerate
Conjecture
Piteous
Modification
None of these
- The sentence talks about banks updating their system, which implies adjusting or altering something.
- Option 1: Degenerate - means to decline or deteriorate, which doesn’t fit the context of updating a system.
- Option 2: Conjecture - refers to an opinion or conclusion formed on the basis of incomplete information, which isn't relevant in the context of system changes.
- Option 3: Piteous - means deserving or arousing pity, which is unrelated to system modifications.
- Option 4: Modification - means making changes or alterations, which fits perfectly with the context of updating systems.
- Option 5: None of these - not applicable as option 4 is suitable.
So, the most appropriate option to fill in blank 2 is:
Report error
Access to prime resources