Reading comprehension questions can help candidates score well in the English section of bank exams with regular practice. Attempt Reading Comprehension Quiz 4, featuring one passage and 20 questions, to improve your comprehension, vocabulary, and accuracy.
Reading Comprehension Quiz 04 Passage
The rapid expansion of digital payment infrastructure has significantly transformed everyday financial transactions. Mobile applications, instant payment networks, and digital wallets allow users to transfer funds, pay utility bills, and purchase goods without physical currency. Advocates highlight the convenience, speed, and enhanced recordkeeping associated with digital transactions, alongside a reduction in cash handling costs for businesses. However, cash usage remains resilient, especially in rural areas, informal markets, and among low-income households. Factors such as limited internet connectivity, digital illiteracy, privacy concerns, and transaction failures prevent complete reliance on digital channels. Consequently, central banks and policymakers emphasize that digital platforms should complement, rather than completely replace, physical currency to ensure economic inclusion.
FREE Reading Comprehension Quiz 04
Read the passage carefully and answer the 20 questions that follow. Focus on the main idea, facts, vocabulary, and inferences while attempting each question.
1. What has enabled users to make transactions without physical currency?
2. Which of the following is cited as a benefit of digital payments for businesses?
3. Why does cash usage remain resilient in rural areas and informal markets?
4. What is the main stance of central banks regarding digital payments?
5. What is the central idea of the passage?
6. Choose the synonym of ‘resilient’.
7. Choose the antonym of ‘expansion’.
8. The phrase ‘complement, rather than completely replace’ implies that digital options should:
9. The tone of the passage is best described as:
10. Which group is explicitly mentioned as relying significantly on cash?
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11. Which advantage of digital transactions relates specifically to tracking spending and income?
12. Which technical barrier prevents complete reliance on digital payment channels?
13. According to the text, what impact does digital payment infrastructure have on financial transactions?
14. Why is financial privacy mentioned in the passage?
15. What primary goal do central banks aim to achieve by keeping physical currency alongside digital platforms?
16. Choose the word most similar in meaning to ‘advocates’ as used in the passage.
17. Choose the word most opposite in meaning to ‘inclusion’ as used in the passage.
18. Which setting is specifically highlighted as a place where cash usage remains strong?
19. What potential issue during a digital payment attempt might drive a user toward physical cash?
20. What is the ultimate takeaway regarding the future co-existence of payment mediums?
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