ibps-so 2018 · Question 259 of 356

The branch has been directed to furnish the particulars called for in the annexure without any further reference to the controlling o ce.

1. Afor furnishing the particulars
2. Bto furnishing the particulars
3. Cthat it furnishes the particulars
4. Dfor the furnishing of the particulars
5. ENo replacement is required Directions (Q141–Q145) : In the passage given below there are ve blanks, each of which has been numbered, and the numbers correspond to the numbers of the questions. Against each number ve words are suggested. You are to choose the one word which ts the blank both grammatically and in sense; you will nd that more than one of the words o ered carries approximately the right meaning, and that only one of them is used in English with the word that follows or precedes the blank. Read the whole of the passage through once before you settle upon any one of the blanks. A bank borrows short and lends long, and the whole of its usefulness is (141) in that mismatch. Depositors may ask for their money at any hour; the borrowers to whom that money has been lent cannot possibly repay at any hour. In ordinary times the di erence is (142) by the law of averages, since only a small fraction of depositors present themselves upon any given day. Let the average fail, however, and the bank is undone by a belief rather than by a loss: each depositor joins the queue not because he doubts the bank but because he expects his neighbour to doubt it. Deposit insurance was devised to (143) that expectation at its source, and in this it has very largely succeeded. The success, however, is bought at a price. A banker whose creditors have been relieved of the duty of watching him may (144) risks that a watchful depositor would never have permitted. The vigilance of which the depositor has been relieved does not disappear; it is merely (145) to the regulator, and the whole apparatus of capital ratios, inspections and stress tests is best understood as the machinery of that arrangement.Correct