Multiple Choice Questions on Find the appropriate word for blank 4 ........ for SBI (Clerical) Exam Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    Direction (): In the passage given below there are blanks, each followed by a word given in the brackets. Every blank has five alternative words given in options. Find the word which best suits the respective blank. If the given word suits the blank, mark 'no correction/change required' as the answer. 

    While technology has made everything from travel bookings to long-distance communication easy, the medical insurance (1) [part] has been slow to adapt. While information regarding patient particulars are entered into computer systems at the hospital’s billing desk, treatment-related information is often (2) [manually] written by doctors. The hospital sends the patient’s documents to the insurance company, for them to be (3) [analyse] at multiple levels by the insurer for the patient’s eligibility. It is (4) [guessed] that many hospitals spend nearly 8% to 10% of their revenue on managing this laborious process.   However, cloud-based platforms — connecting the system at the hospital and at the insurance company — are making a difference. (5) [undergoing] incompatibility problems, the software converts the hospital data into one standard form, as recommended by IRDAI (Insurance Regulatory and Development Authority of India). At the insurer’s end too, there is a software system that processes and (6) [adjudicates] the insurance claims.   The rapid (7) [race] of progress isn’t surprising, considering the many benefits the technology brings to patients, hospitals and insurance companies.   “When a patient is admitted, the details are (8) [provided] by the hospital to the Remedinet platform,” says Satish HS, Manager, Insurance, Cloudnine group of hospitals. Another advantage is that patients know their insurance (9)[liability] before getting admitted. Now, the insurance company, before the admission of the patient itself, weighs in with the actual eligibility, and the patient is able to make (10) [accurate] choices regarding the type of room, facilities etc,” says Satish.


    Find the appropriate word for blank 4.

    understandable

    Incorrect Answer

    stipulated

    Incorrect Answer

    predicted

    Incorrect Answer

    estimated

    Correct Answer

    No change required

    Incorrect Answer
    Explanation:

    Correct Answer is (d).Estimated means to calculate the approximate number or cost roughly. Since the sentence talks about calculation of revenue "estimated' is the correct answer. Understandable is not a verb and looking at the sentence it can be inferred that the blank needs to be filled with a verb. Predicted means means to say that an action will take place on future. Stipulated means to say how a thing must be done.


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