New Pattern Cloze Test for SBI PO, IBPS PO and Competitive exams
New Pattern English Cloze Test for SBI PO, IBPS PO, NIACL and various upcoming bank and insurance exams. Cloze Test New Pattern IBPS PO. New pattern Cloze test Bank of Baroda Dena bank
In the passage given below there are 5 blanks, each followed by a word given in bold. Even blank has four alternative words given in options (A),(B),(C) and (D). You have to tell which word will best suit the respective blank. Mark (E) as your answer if the work given in bold after the blank is your answer i.e “No change required
IN THE stormy and ever-changing world of global finance, insurance has remained a relatively placid (1) (spontaneity). With the notable exception of AIG, an American insurer bailed out by the taxpayer in 2008, the industry rode out the financial crisis largely (2) (injured) . Now, however, insurers face unprecedented competitive pressure owing to technological change. This pressure is (3) (taxing) not just adaptation, but transformation.
The essential product of insurance—protection, usually in the form of money, when things go (4) (unnoticed)—has few obvious substitutes. Insurers have built huge customer bases as a result. Investment revenue has provided a reliable boost to profits. This easy life led to a complacent (5) (refusal) to modernise. The industry is still astonishingly reliant on human labour. Underwriters look at data but plenty still rely on human judgment to (6) (grade) risks and set premiums. Claims are often reviewed manually.
The march of automation and technology is an opportunity for new entrants. Although starting a new (7) (sick-and-tired) insurer from scratch is rare, many companies are taking aim at parts of the insurance process. Two Sigma, a large American “quant” hedge fund, for example, is betting its number-crunching algorithms can gauge risks and set prices for insurance better and faster than any human could. Other upstarts have developed alternative sales channels. Simplesurance, a German firm, for example, has (8) (replicated) product-warranty insurance into e-commerce sites.
Insurers are (9) (achieving) to technological disruption in a variety of ways. Two Sigma contributes its analytical prowess to a joint venture with Hamilton, a Bermudian insurer, and AIG, which actually issues the policies (currently only for small-business insurance in America). Allianz, a German insurer, simply bought into Simplesurance; many insurers have internal venture-capital arms for this purpose. A third approach is to try to foster internal innovation, as Aviva, a British insurer, has done by building a “digital garage” in Hoxton, a trendy part of London.
The biggest threat that incumbents face is to their bottom line. Life insurers, (10) (qualified for) investment returns to meet guaranteed payouts, have been stung by a prolonged period of low interest rates. The tough environment has accelerated a shift in life insurance towards products that pass more of the risk to investors. Standard Life, a British firm, made the transition earlier than most, for example, and has long been primarily an asset manager.
- A) hinterland
B) incoherence
C) backwater
D) occupant
E) No Change Required
- A) progressed
B) damaged
C) developed
D) unscathed
E) No Change Required
- A) demanding
B) bothering
C) tolerating
D) impressing
E) No Change Required
- A) undulated
B) wrong
C) inaccurate
D) appropriate
E) No Change Required
- A) approval
B) adoption
C) adaptation
D) revival
E) No Change Required
- A) resolve
B) evaluate
C) try
D) account
E) No Change Required
- A) spick-and-span
B) soup-to-nuts
C) Fair-and-square
D) High-and-dry
E) No Change Required
- A) restrained
B) mandated
C) integrated
D) impounded
E) No Change Required
- A) responding
B) operating
C) resolving
D) returning
E) No Change Required
- A) dominating on
B) limit on
C) sideling of
D) reliant on
E) No Change Required
For More Cloze Test Click here
For More English Quizzes Click Here
best..
7/10 ty
awe Admin !!
mam last ques ka reliant on kyo kaha ?
Its means insurers are dependent on
Ty mam??
Thnxxxx
thnxx it is hard for me..
really very fantastic question…..
ty.. team for ur great effort
It was tough 🙂
Thanku team 🙂
4/10