ibps-so 2016 · Question 166 of 394

Blank (167) (A) evade (B) distribute (C) forgive (D) audit (E) shoulder Directions (Q168–Q172) : The ve sentences printed below are taken from a short account of the beginnings of the savings bank, but they have been set down in a disordered sequence. Rearrange them so as to form a coherent paragraph and then answer the questions that follow, bearing in mind that there is one order only in which the paragraph reads coherently.

1. AA parish minister in a Scottish village, observing that his congregation hid its savings in the thatch and lost them to re and to theft, opened in 1810 a small society which took deposits of a shilling and paid interest upon them.
2. BWithin fteen years the idea had been copied the length of Britain and carried abroad, and Parliament had passed an Act to regulate institutions which had begun as an experiment in a single parish.
3. CUntil the opening of the nineteenth century a labouring man who wished to put by a few shillings had almost nowhere to put them, the banks of the day being counting houses for merchants and wholly uninterested in sums so small.
4. DWhat the episode established, and what every later scheme of nancial inclusion has had to learn over again, is that the poor will save readily enough the moment they are o ered an arrangement they can understand and trust.
5. EThe device which made the experiment work was not charity but rule: the society was governed by written regulations of its own, its accounts were read out to the depositors once a year, and no gift of any kind was mixed with the interest they had earned.Correct