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

    Question

    The following question carries one statement with one blank. Choose the most appropriate word from the options to fill the blank.

    The government is implementing new regulations aimed at

    ensuring ______ practices within the financial industry to prevent fraud.
    A unethical Correct Answer Incorrect Answer
    B lenient Correct Answer Incorrect Answer
    C transparent Correct Answer Incorrect Answer
    D vague Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The word "transparent" means open and clear, allowing for easy understanding and accountability. In this context, it indicates that the government's new regulations are intended to promote clear and honest practices within the financial industry to prevent fraud. The other options do not fit the context: "unethical" refers to practices that are morally wrong, which would not prevent fraud; "lenient" suggests a relaxed approach, which could potentially allow for more fraudulent activity; "vague" means unclear or ambiguous, which is contrary to the goal of preventing fraud, hence, "transparent" is the appropriate choice.

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