SBI PO Prelims Model Paper 8

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Directions (Q.16 - 20): In the following passage, there are blanks, each of which has been numbered. Against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.
  How many people in the world have bank accounts and what do they use them for? You would think there would be answers to those questions, given that banking is the (16) global business, and is important not only in the West but in developing countries, where banks can help poor people save, borrow and invest.Yet, until now, data on the global reach of financial institutions have been limited. The IMF publishes a financial access survey of (17) and borrowers. But there is little about how much people save or why they borrow. Especially little is known about the banking practices of the poor, women and young people. So a big data hole got (18) last year when the Gates Foundation, the World Bank and Gallup World Poll carried out the biggest survey yet of how people save, borrow, make payments and manage risk. The results have just appeared. Roughly half of all adults in the world have an individual or joint bank account, according to the new Global Find ex database. As one would expect, there is a big difference between banking in the West(where is 89% of adults have accounts) and the developing world (41%). The difference is (19) still when it comes to credit cards; half of adults have them in the West, just 7% in developing countries. With in countries, levels of banking climb sharply with income and education. In Africa, for instance, 55% of people with tertiary education have bank accounts. But only just over 10% of those with primary or no education do.Banking displays a significant gender gap. In developing countries, 46% of adult men say they have an account, but only 37% of women. The (20) is largest in South Asia and the Middle East and north Africa.It is a bit lower in the rest of Africa, where banking penetration as a whole is low: 27% of men have accounts,22% of women.
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