In the last decade the banking sector has been restructured with a high degree of automation and pro...........

English Comprehension Reading Comprehension (C)

In the last decade, the banking sector has been restructured with a high degree of automation and products that mainly serve middle-class and upper middle-class society. Today there is need for a new agenda for the banking and non-banking financial services that does not exclude the common man

Which one of the following is the message that is essentially implied in the above passage?

This questions was previously asked in

Complete-Test, Previous year (2016)

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Need for more automation and more products of bank

Need for a radical restructuring of our entire public finance system

Need to integrate banking and non-banking institutions

Need to promote financial inclusion

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Explanation:

Theme : Banking sector and automation - The last line of passage “Today there is a need for a new ........ that does not exclude the common man” implies that need to promote “financial inclusion”. Also, the passage speaks of existing products serving the upper middle and middle classes. Hence, (d) is the best answer.