English Language

Reading Comprehension — Free Practice Questions

Banking and economy passages with inference and vocabulary questions.

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Sample questions

Try 3 sample Reading Comprehension questions

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Q1 · easy

Passage: 'The RBI's monetary policy committee, in its February meeting, kept the repo rate unchanged for the sixth consecutive time, citing sticky core inflation and global uncertainties. The decision was unanimous.' What was the MPC's decision about the repo rate?

  1. AKept it unchanged
  2. BReduced it
  3. CIncreased it slightly
  4. DRaised it sharply
Explanation

The passage clearly states the repo rate was kept unchanged for the sixth consecutive time.

Q2 · medium

Passage: 'Public sector banks reported a sharp decline in gross NPAs to a decadal low, driven by sustained recoveries and improved underwriting. However, slippages in retail unsecured lending have inched up, warranting watchfulness.' What does the passage warn about?

  1. ARising slippages in retail unsecured loans
  2. BFalling capital adequacy
  3. CReduced recoveries
  4. DBranch shutdowns
Explanation

Explicitly warns about slippages in retail unsecured lending inching up.

Q3 · hard

Passage: 'India's UPI rails have become the de-facto retail payments backbone, processing over 13 billion monthly transactions. Yet, merchant economics remain fragile because MDR on UPI P2M is zero, leaving acquirers to subsidise infrastructure.' Which of the following is implied?

  1. AAcquirer business models on UPI are not yet self-sustaining
  2. BUPI volume is shrinking
  3. CMDR on UPI is the highest among rails
  4. DMerchants are paid for accepting UPI
Explanation

Zero MDR forces acquirers to subsidise, implying their business is not self-sustaining.

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