UPSC CDS 2 2022 English Paper

Banking is ___(1)____ essential building block to reach greater prosperity and help build a better system ____(2)____ financial services can create a path out of poverty. However, big traditional banks often exclude low-income populations ____(3)____ requirements or by using historically discriminatory practices that keep ____(4)____ low-income customers ____(5)____ from formal finance. Modern lifestyles are predicated ____(6)______ debt. If you have a stable and reliable income, have a bank account with access to a range ____(7)_____ modern financial products, you can manage your debts efficiently. This _____(8)____ what the entire financial system is for. But debt ___(9)___ a lifetime’s trap if you don’t have easy access to ____(10)____ financial products.