Reading Comprehension plays a crucial role in scoring well in the English section of bank exams. Consistent practice with passage-based questions enhances comprehension skills, improves vocabulary, and helps candidates answer questions with greater accuracy. Attempt Reading Comprehension Quiz 3, which includes one passage and 20 practice questions, to strengthen your preparation.
Reading Comprehension Quiz 03 Passage
A women’s self-help group began with weekly savings so small that outsiders dismissed them as symbolic. Within two years, however, the group’s carefully maintained ledger showed regular contributions, internal lending, and high repayment discipline. When members approached a bank for a larger collective loan, the ledger became more than a notebook; it provided evidence of financial behaviour that formal records had never captured. The bank still reviewed the proposed activities and repayment capacity, but the group’s history reduced uncertainty. The experience shows how community-based finance can create a bridge to formal credit by generating trust and transaction records before borrowers possess conventional collateral.
FREE Reading Comprehension Quiz 03
Read the passage thoroughly and answer the 20 questions that follow. These questions are designed to assess your understanding of the passage, vocabulary, logical reasoning, and inference skills.
1. How did outsiders initially view the group’s weekly savings?
2. What did the ledger demonstrate?
3. Why was the ledger useful to the bank?
4. What can be inferred about informal records?
5. What is the central idea of the passage?
6. Choose the synonym of ‘conventional’.
7. Choose the antonym of ‘reduced’ as used in the passage.
8. The phrase ‘a bridge to formal credit’ means:
9. The tone of the passage is:
10. Which statement best reflects the bank’s approach?
Quiz Summary
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11. How long did the self-help group operate before approaching a bank for a collective loan?
12. What missing aspect in formal credit applications did the self-help group’s ledger fulfill?
13. Did the presence of the ledger completely eliminate the bank’s evaluation process?
14. What primary advantage did the community-based approach offer borrowers who lacked traditional assets?
15. Which of the following activities was recorded inside the group’s ledger?
16. Choose the word most similar in meaning to ‘dismissed’ as used in the passage.
17. Choose the word most opposite in meaning to ‘uncertainty’ as used in the passage.
18. What made the weekly savings initially appear “symbolic” to outsiders?
19. What key factor reduced uncertainty for the bank when evaluating the loan request?
20. What is the author’s primary conclusion regarding community-based finance?
Quiz Summary
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