Fill in the blanks with the appropriate words:
The Reserve Bank of India on Friday asked the banks and other lenders to report the accounts restructured due to coronavirus (1) to credit bureaus. Lenders should make necessary (2) to their system and (3) it to credit bureaus within two months, the banking regulator said. All commercial banks including small finance banks, local area banks and regional rural banks, primary (urban) co-operative banks/state co-operative banks/district central co-operative banks, India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) and non-banking financial companies (including housing finance companies) were (4) to apprise the credit bureaus about restructuring the accounts. The regulator modified the format to (5) the restructuring of accounts due to COVID-19.
For the consumer bureau, the label of the field ‘written off and settled status’ is modified as ‘Credit Facility Status’ and it will also have a new catalogue value, viz., ‘restructured due to COVID-19’, RBI said. For the commercial bureau, the existing field ‘Major reasons for restructuring’ will have a new catalogue value, viz., ‘restructured due to COVID-19’, it added. The (6) field ‘account status’ will have a new catalogue value, viz., ‘restructured due to COVID-19' for MFI bureau.
Select the most appropriate option to fill in blank no 6.
- AOption (a)
Exhilarate
- BOption (b)
Reconcile
- COption (c)
Discern
- DOption (d)
Refined
- EOption (e)
Existing
View answer & explanationHide answer & explanation
Correct answer
Existing
Why this answer is correct
The correct answer is Existing.
Key Points
- The given passage is about the Reserve bank of India.
- Let's read the sentence from the given passage: The (6) field ‘account status’ will have a new catalogue value, viz., ‘restructured due to COVID-19' for MFI bureau.
- From the above mentioned sentence we infer that the field ‘account status’ which is in operation at the current time will have something new.
- Therefore, the word 'Existing' which means 'in existence' is appropriate for the sentence.
- Hence, option 5) is the answer.
The complete sentence will be: The existing field ‘account status’ will have a new catalogue value, viz., ‘restructured due to COVID-19' for MFI bureau.
Additional Information
The meaning of the given words:
- Exhilarate: to make someone feel happy
- Reconcile: to bring back together again
- Discern: to find out or detect
- Refined: purified