New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In the following passage there are blanks each of which has been numbered. These numbers are printed below the passage and against each, five words/phrases are suggested one of which fits the blank appropriately. Find out the appropriate word/phrase in each case: TheFinance Ministry’s warning to potential investors in bitcoinand _____66___ cryptocurrencies has come at a time when a new, seemingly attractive investment area has opened up that few have enough information_____67____. Theprice of bitcoin, the most ____68____ of all cryptocurrencies, not onlyshot up by well over 1000%over the course of the last year but also fluctuated wildly. One of the main _____69___ for this volatility is speculation and the entry into the market of a large number of people lured by the prospect of quick and easy _____70____. The government’s caution comes on top of three warnings ___71____ by the Reserve Bank of India since 2013. Investment in bitcoin and other cryptocurrencies increased ____72___ in India over the past year, but most new users know ____73____ to nothing of the technology, or how to verify the genuineness of a particular cryptocurrency. A number of investors, _____74____ by the high price of bitcoin, have put their money into less well-established and often spurious cryptocurrencies, only to lose it all. Even some private cryptocurrency operators in India have gone on ____75____ saying that as many as 90% of the currencies are scams.

    1) built 2) said 3) issued 4)

    made 5) nurtured
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E 5 Correct Answer Incorrect Answer

    Solution

    Government bodies ‘issue’ (formally send out) warnings to make them known to everybody

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