Self Studies

Language Skills Test-2

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Language Skills Test-2
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Weekly Quiz Competition
  • Question 1
    1 / -0

    Direction: Select the option that is related to the third word in the same way as the second word is related to the first word.

    Complete : Unfinished : : Defeat : ?

    Solution

    The logic followed here is:

    Complete : Unfinished → Unfinished is the antonyms of complete.

    Similarly,

    Defeat : Victory → Victory is the antonyms of Defeat.

     

  • Question 2
    1 / -0

    Directions For Questions

    Direction: Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.

    Mobile wallet companies and trader organisations are going all out to educate people about e-payments. According to market sources, mobile wallet, payment gateways and e-payment companies alone are planning to spend around Rs 150 crore to organise camps, media campaigns around awareness programmes. Mobile wallet major Paytm has announced a 100-member merchant helpdesk to educate merchants across India. The company also plans to invest close to Rs 50 crore on this drive. This initiative will be implemented with a multi-channel outreach programme involving mass media, on-ground initiatives and strengthening in-house merchant support team. With around 1.5 million merchants accepting Paytm at present, the company aims to work closely with the merchants by seeking feedback and helping them understand digital payments. Under this programme, merchants will be educated on all the important aspects, which are currently becoming a concern and dispelling a lot of myth around safety, security and delay in money transfer to the bank account. The company will also use mass media to sensitize merchants on all these aspects. "Under this programme, the helpdesk will educate its users that the delay in transfer in a few cases is accounted due to the banking systems which are going through stress due to load spikes or may not respond due to downtime or network fluctuation at the their end. In such cases, banks could take up to seven working days to credit the amount in the bank account," said Sudhanshu Gupta, vice-president, Paytm. Paytm,one of the most sought after digital payments platforms, has launched a drive across India to inform merchants and customers in every district about the benefits of using its payments platform. This is a part of the company's long-term vision to bring half a billion Indians to the mainstream economy by 2020, the company said in a statement. They said, they have instituted team to educate the common man about the convenience of using Paytm. They said to carry out the mission; their team is conducting sessions and workshops across schools, colleges, village Panchayats and trade bodies. This is to serve the dual purpose of informing customers about the benefits of digital payments and tap into the widest set of merchants across India, Paytm said. Kiran Vasireddy, Senior vice president, Paytm, said, "Hundreds of thousands of people have reached out to us over the last couple of weeks with their queries and feedback. To further fuel this growth, we have set up awareness camps across all major cities, towns and villages. Our aim is to reach every single market across all districts and assist millions of Indians in their efforts to adopt a digital lifestyle."Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and merchants. The company has also started working upstream with distribution networks in order to enable merchants who accept Paytm do business with their suppliers as well. "While our field teams work on educating and on boarding merchants to accept Paytm, we understand that it is a need for our retailers to also be able to pay their suppliers digitally and we are working towards that," said Sudhanshu Gupta, Vice President, Paytm, in a statement. In the last 45 days, Paytm has introduced several new features to enable every Indian accept and pay using Paytm. The app is now available in Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi. To provide additional safety to the users, Paytm launched an 'App Password' feature on Android, wherein users can set a secure pin, password, pattern or fingerprint as a means to ensure money stored in the Paytm wallet remains safe even if the owner's phone is lost or misplaced. The company has also introduced a toll-free number to enable feature phone and non-internet users to go cashless with Paytm and have made it 'a peice of cake' for anyone to access Paytm from anywhere.The initiatives will enable more small and medium sellers to come on board easily and leverage the benefits of selling through company’s marketplace. Leveraging the new platform, merchants will have access to services such as content writing, cataloguing, online marketing and imaging. The platform primarily targeted towards improving merchants profit by solving skill-based pain points. Speaking on the launch of the platform, Renu Satti, VP- SME Business and Operations –Paytm said,”We believe in enabling and empowering small merchants with technology and marketing. In the same spirit, we have created a GoBig portal and listed Paytm partners who can help a small seller to sell and scale business in any part of the country. We offer to fund initial expenses of creating catalogues and give free marketing credits to merchants to get traction on online commerce.”

    ...view full instructions

    What will be the impact of increased use of these Paytm based services on the country?

    Solution

    The main use will be involving everyone in the economy of the country with a recorded proof. It is mentioned in the passage, '​This is a part of the company's long-term vision to bring half a billion Indians to the mainstream economy by 2020, the company said in a statement.

     

  • Question 3
    1 / -0

    Directions For Questions

    Direction: Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.

    Mobile wallet companies and trader organisations are going all out to educate people about e-payments. According to market sources, mobile wallet, payment gateways and e-payment companies alone are planning to spend around Rs 150 crore to organise camps, media campaigns around awareness programmes. Mobile wallet major Paytm has announced a 100-member merchant helpdesk to educate merchants across India. The company also plans to invest close to Rs 50 crore on this drive. This initiative will be implemented with a multi-channel outreach programme involving mass media, on-ground initiatives and strengthening in-house merchant support team. With around 1.5 million merchants accepting Paytm at present, the company aims to work closely with the merchants by seeking feedback and helping them understand digital payments. Under this programme, merchants will be educated on all the important aspects, which are currently becoming a concern and dispelling a lot of myth around safety, security and delay in money transfer to the bank account. The company will also use mass media to sensitize merchants on all these aspects. "Under this programme, the helpdesk will educate its users that the delay in transfer in a few cases is accounted due to the banking systems which are going through stress due to load spikes or may not respond due to downtime or network fluctuation at the their end. In such cases, banks could take up to seven working days to credit the amount in the bank account," said Sudhanshu Gupta, vice-president, Paytm. Paytm,one of the most sought after digital payments platforms, has launched a drive across India to inform merchants and customers in every district about the benefits of using its payments platform. This is a part of the company's long-term vision to bring half a billion Indians to the mainstream economy by 2020, the company said in a statement. They said, they have instituted team to educate the common man about the convenience of using Paytm. They said to carry out the mission; their team is conducting sessions and workshops across schools, colleges, village Panchayats and trade bodies. This is to serve the dual purpose of informing customers about the benefits of digital payments and tap into the widest set of merchants across India, Paytm said. Kiran Vasireddy, Senior vice president, Paytm, said, "Hundreds of thousands of people have reached out to us over the last couple of weeks with their queries and feedback. To further fuel this growth, we have set up awareness camps across all major cities, towns and villages. Our aim is to reach every single market across all districts and assist millions of Indians in their efforts to adopt a digital lifestyle."Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and merchants. The company has also started working upstream with distribution networks in order to enable merchants who accept Paytm do business with their suppliers as well. "While our field teams work on educating and on boarding merchants to accept Paytm, we understand that it is a need for our retailers to also be able to pay their suppliers digitally and we are working towards that," said Sudhanshu Gupta, Vice President, Paytm, in a statement. In the last 45 days, Paytm has introduced several new features to enable every Indian accept and pay using Paytm. The app is now available in Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi. To provide additional safety to the users, Paytm launched an 'App Password' feature on Android, wherein users can set a secure pin, password, pattern or fingerprint as a means to ensure money stored in the Paytm wallet remains safe even if the owner's phone is lost or misplaced. The company has also introduced a toll-free number to enable feature phone and non-internet users to go cashless with Paytm and have made it 'a peice of cake' for anyone to access Paytm from anywhere.The initiatives will enable more small and medium sellers to come on board easily and leverage the benefits of selling through company’s marketplace. Leveraging the new platform, merchants will have access to services such as content writing, cataloguing, online marketing and imaging. The platform primarily targeted towards improving merchants profit by solving skill-based pain points. Speaking on the launch of the platform, Renu Satti, VP- SME Business and Operations –Paytm said,”We believe in enabling and empowering small merchants with technology and marketing. In the same spirit, we have created a GoBig portal and listed Paytm partners who can help a small seller to sell and scale business in any part of the country. We offer to fund initial expenses of creating catalogues and give free marketing credits to merchants to get traction on online commerce.”

    ...view full instructions

    What is the huge amount of money being spent by the e-payment companies required for?

    Solution

    The main aim of these companies is to increase the knowledge about these companies among people so that they would use it too. Indirectly involving mass media, setting up camps are all ways to make the people more aware of these things.

     

  • Question 4
    1 / -0

    Directions For Questions

    Direction: Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.

    Mobile wallet companies and trader organisations are going all out to educate people about e-payments. According to market sources, mobile wallet, payment gateways and e-payment companies alone are planning to spend around Rs 150 crore to organise camps, media campaigns around awareness programmes. Mobile wallet major Paytm has announced a 100-member merchant helpdesk to educate merchants across India. The company also plans to invest close to Rs 50 crore on this drive. This initiative will be implemented with a multi-channel outreach programme involving mass media, on-ground initiatives and strengthening in-house merchant support team. With around 1.5 million merchants accepting Paytm at present, the company aims to work closely with the merchants by seeking feedback and helping them understand digital payments. Under this programme, merchants will be educated on all the important aspects, which are currently becoming a concern and dispelling a lot of myth around safety, security and delay in money transfer to the bank account. The company will also use mass media to sensitize merchants on all these aspects. "Under this programme, the helpdesk will educate its users that the delay in transfer in a few cases is accounted due to the banking systems which are going through stress due to load spikes or may not respond due to downtime or network fluctuation at the their end. In such cases, banks could take up to seven working days to credit the amount in the bank account," said Sudhanshu Gupta, vice-president, Paytm. Paytm,one of the most sought after digital payments platforms, has launched a drive across India to inform merchants and customers in every district about the benefits of using its payments platform. This is a part of the company's long-term vision to bring half a billion Indians to the mainstream economy by 2020, the company said in a statement. They said, they have instituted team to educate the common man about the convenience of using Paytm. They said to carry out the mission; their team is conducting sessions and workshops across schools, colleges, village Panchayats and trade bodies. This is to serve the dual purpose of informing customers about the benefits of digital payments and tap into the widest set of merchants across India, Paytm said. Kiran Vasireddy, Senior vice president, Paytm, said, "Hundreds of thousands of people have reached out to us over the last couple of weeks with their queries and feedback. To further fuel this growth, we have set up awareness camps across all major cities, towns and villages. Our aim is to reach every single market across all districts and assist millions of Indians in their efforts to adopt a digital lifestyle."Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and merchants. The company has also started working upstream with distribution networks in order to enable merchants who accept Paytm do business with their suppliers as well. "While our field teams work on educating and on boarding merchants to accept Paytm, we understand that it is a need for our retailers to also be able to pay their suppliers digitally and we are working towards that," said Sudhanshu Gupta, Vice President, Paytm, in a statement. In the last 45 days, Paytm has introduced several new features to enable every Indian accept and pay using Paytm. The app is now available in Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi. To provide additional safety to the users, Paytm launched an 'App Password' feature on Android, wherein users can set a secure pin, password, pattern or fingerprint as a means to ensure money stored in the Paytm wallet remains safe even if the owner's phone is lost or misplaced. The company has also introduced a toll-free number to enable feature phone and non-internet users to go cashless with Paytm and have made it 'a peice of cake' for anyone to access Paytm from anywhere.The initiatives will enable more small and medium sellers to come on board easily and leverage the benefits of selling through company’s marketplace. Leveraging the new platform, merchants will have access to services such as content writing, cataloguing, online marketing and imaging. The platform primarily targeted towards improving merchants profit by solving skill-based pain points. Speaking on the launch of the platform, Renu Satti, VP- SME Business and Operations –Paytm said,”We believe in enabling and empowering small merchants with technology and marketing. In the same spirit, we have created a GoBig portal and listed Paytm partners who can help a small seller to sell and scale business in any part of the country. We offer to fund initial expenses of creating catalogues and give free marketing credits to merchants to get traction on online commerce.”

    ...view full instructions

    What is a problem associated with these online transactions that the companies are trying to remove as they make people suspicious about safety and security?

    Solution

    The companies are trying to remove all sorts of questions from the minds of the people throughout the country and are encouraging its use and trying to increase the number of customers. There is already a buzz in the market about the insecurity of the transactions of these companies which makes many people stay away from it. It is mentioned in the passage 'Under this programme, merchants will be educated on all the important aspects, which are currently becoming a concern and dispelling a lot of myth around safety, security and delay in money transfer to the bank account.

     

  • Question 5
    1 / -0

    Directions For Questions

    Direction: Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.

    Mobile wallet companies and trader organisations are going all out to educate people about e-payments. According to market sources, mobile wallet, payment gateways and e-payment companies alone are planning to spend around Rs 150 crore to organise camps, media campaigns around awareness programmes. Mobile wallet major Paytm has announced a 100-member merchant helpdesk to educate merchants across India. The company also plans to invest close to Rs 50 crore on this drive. This initiative will be implemented with a multi-channel outreach programme involving mass media, on-ground initiatives and strengthening in-house merchant support team. With around 1.5 million merchants accepting Paytm at present, the company aims to work closely with the merchants by seeking feedback and helping them understand digital payments. Under this programme, merchants will be educated on all the important aspects, which are currently becoming a concern and dispelling a lot of myth around safety, security and delay in money transfer to the bank account. The company will also use mass media to sensitize merchants on all these aspects. "Under this programme, the helpdesk will educate its users that the delay in transfer in a few cases is accounted due to the banking systems which are going through stress due to load spikes or may not respond due to downtime or network fluctuation at the their end. In such cases, banks could take up to seven working days to credit the amount in the bank account," said Sudhanshu Gupta, vice-president, Paytm. Paytm,one of the most sought after digital payments platforms, has launched a drive across India to inform merchants and customers in every district about the benefits of using its payments platform. This is a part of the company's long-term vision to bring half a billion Indians to the mainstream economy by 2020, the company said in a statement. They said, they have instituted team to educate the common man about the convenience of using Paytm. They said to carry out the mission; their team is conducting sessions and workshops across schools, colleges, village Panchayats and trade bodies. This is to serve the dual purpose of informing customers about the benefits of digital payments and tap into the widest set of merchants across India, Paytm said. Kiran Vasireddy, Senior vice president, Paytm, said, "Hundreds of thousands of people have reached out to us over the last couple of weeks with their queries and feedback. To further fuel this growth, we have set up awareness camps across all major cities, towns and villages. Our aim is to reach every single market across all districts and assist millions of Indians in their efforts to adopt a digital lifestyle."Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and merchants. The company has also started working upstream with distribution networks in order to enable merchants who accept Paytm do business with their suppliers as well. "While our field teams work on educating and on boarding merchants to accept Paytm, we understand that it is a need for our retailers to also be able to pay their suppliers digitally and we are working towards that," said Sudhanshu Gupta, Vice President, Paytm, in a statement. In the last 45 days, Paytm has introduced several new features to enable every Indian accept and pay using Paytm. The app is now available in Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi. To provide additional safety to the users, Paytm launched an 'App Password' feature on Android, wherein users can set a secure pin, password, pattern or fingerprint as a means to ensure money stored in the Paytm wallet remains safe even if the owner's phone is lost or misplaced. The company has also introduced a toll-free number to enable feature phone and non-internet users to go cashless with Paytm and have made it 'a peice of cake' for anyone to access Paytm from anywhere.The initiatives will enable more small and medium sellers to come on board easily and leverage the benefits of selling through company’s marketplace. Leveraging the new platform, merchants will have access to services such as content writing, cataloguing, online marketing and imaging. The platform primarily targeted towards improving merchants profit by solving skill-based pain points. Speaking on the launch of the platform, Renu Satti, VP- SME Business and Operations –Paytm said,”We believe in enabling and empowering small merchants with technology and marketing. In the same spirit, we have created a GoBig portal and listed Paytm partners who can help a small seller to sell and scale business in any part of the country. We offer to fund initial expenses of creating catalogues and give free marketing credits to merchants to get traction on online commerce.”

    ...view full instructions

    What has been taken as the most important point after the number of customers increased in Paytm?

    Solution

    Most of the people avoid using Paytm fearing about its security and safety thus it was taken as the primary issue and Paytm launched a number of steps to enhance its security and even explained the reasons of the problems which had occurred earlier.

     

  • Question 6
    1 / -0

    Directions For Questions

    Direction: Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.

    Mobile wallet companies and trader organisations are going all out to educate people about e-payments. According to market sources, mobile wallet, payment gateways and e-payment companies alone are planning to spend around Rs 150 crore to organise camps, media campaigns around awareness programmes. Mobile wallet major Paytm has announced a 100-member merchant helpdesk to educate merchants across India. The company also plans to invest close to Rs 50 crore on this drive. This initiative will be implemented with a multi-channel outreach programme involving mass media, on-ground initiatives and strengthening in-house merchant support team. With around 1.5 million merchants accepting Paytm at present, the company aims to work closely with the merchants by seeking feedback and helping them understand digital payments. Under this programme, merchants will be educated on all the important aspects, which are currently becoming a concern and dispelling a lot of myth around safety, security and delay in money transfer to the bank account. The company will also use mass media to sensitize merchants on all these aspects. "Under this programme, the helpdesk will educate its users that the delay in transfer in a few cases is accounted due to the banking systems which are going through stress due to load spikes or may not respond due to downtime or network fluctuation at the their end. In such cases, banks could take up to seven working days to credit the amount in the bank account," said Sudhanshu Gupta, vice-president, Paytm. Paytm,one of the most sought after digital payments platforms, has launched a drive across India to inform merchants and customers in every district about the benefits of using its payments platform. This is a part of the company's long-term vision to bring half a billion Indians to the mainstream economy by 2020, the company said in a statement. They said, they have instituted team to educate the common man about the convenience of using Paytm. They said to carry out the mission; their team is conducting sessions and workshops across schools, colleges, village Panchayats and trade bodies. This is to serve the dual purpose of informing customers about the benefits of digital payments and tap into the widest set of merchants across India, Paytm said. Kiran Vasireddy, Senior vice president, Paytm, said, "Hundreds of thousands of people have reached out to us over the last couple of weeks with their queries and feedback. To further fuel this growth, we have set up awareness camps across all major cities, towns and villages. Our aim is to reach every single market across all districts and assist millions of Indians in their efforts to adopt a digital lifestyle."Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and merchants. The company has also started working upstream with distribution networks in order to enable merchants who accept Paytm do business with their suppliers as well. "While our field teams work on educating and on boarding merchants to accept Paytm, we understand that it is a need for our retailers to also be able to pay their suppliers digitally and we are working towards that," said Sudhanshu Gupta, Vice President, Paytm, in a statement. In the last 45 days, Paytm has introduced several new features to enable every Indian accept and pay using Paytm. The app is now available in Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi. To provide additional safety to the users, Paytm launched an 'App Password' feature on Android, wherein users can set a secure pin, password, pattern or fingerprint as a means to ensure money stored in the Paytm wallet remains safe even if the owner's phone is lost or misplaced. The company has also introduced a toll-free number to enable feature phone and non-internet users to go cashless with Paytm and have made it 'a peice of cake' for anyone to access Paytm from anywhere.The initiatives will enable more small and medium sellers to come on board easily and leverage the benefits of selling through company’s marketplace. Leveraging the new platform, merchants will have access to services such as content writing, cataloguing, online marketing and imaging. The platform primarily targeted towards improving merchants profit by solving skill-based pain points. Speaking on the launch of the platform, Renu Satti, VP- SME Business and Operations –Paytm said,”We believe in enabling and empowering small merchants with technology and marketing. In the same spirit, we have created a GoBig portal and listed Paytm partners who can help a small seller to sell and scale business in any part of the country. We offer to fund initial expenses of creating catalogues and give free marketing credits to merchants to get traction on online commerce.”

    ...view full instructions

    Which can be considered to be the best step that had been taken by Paytm that would involve more number of people keeping in mind the linguistic diversity of India?

    Solution

    Since it is about linguistic diversity, or people speaking varied languages, so the the concern is not security or requirement of help desks but the technology involved that can cater to the people who do not understand English.

     

  • Question 7
    1 / -0

    Directions For Questions

    Direction: Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.

    Mobile wallet companies and trader organisations are going all out to educate people about e-payments. According to market sources, mobile wallet, payment gateways and e-payment companies alone are planning to spend around Rs 150 crore to organise camps, media campaigns around awareness programmes. Mobile wallet major Paytm has announced a 100-member merchant helpdesk to educate merchants across India. The company also plans to invest close to Rs 50 crore on this drive. This initiative will be implemented with a multi-channel outreach programme involving mass media, on-ground initiatives and strengthening in-house merchant support team. With around 1.5 million merchants accepting Paytm at present, the company aims to work closely with the merchants by seeking feedback and helping them understand digital payments. Under this programme, merchants will be educated on all the important aspects, which are currently becoming a concern and dispelling a lot of myth around safety, security and delay in money transfer to the bank account. The company will also use mass media to sensitize merchants on all these aspects. "Under this programme, the helpdesk will educate its users that the delay in transfer in a few cases is accounted due to the banking systems which are going through stress due to load spikes or may not respond due to downtime or network fluctuation at the their end. In such cases, banks could take up to seven working days to credit the amount in the bank account," said Sudhanshu Gupta, vice-president, Paytm. Paytm,one of the most sought after digital payments platforms, has launched a drive across India to inform merchants and customers in every district about the benefits of using its payments platform. This is a part of the company's long-term vision to bring half a billion Indians to the mainstream economy by 2020, the company said in a statement. They said, they have instituted team to educate the common man about the convenience of using Paytm. They said to carry out the mission; their team is conducting sessions and workshops across schools, colleges, village Panchayats and trade bodies. This is to serve the dual purpose of informing customers about the benefits of digital payments and tap into the widest set of merchants across India, Paytm said. Kiran Vasireddy, Senior vice president, Paytm, said, "Hundreds of thousands of people have reached out to us over the last couple of weeks with their queries and feedback. To further fuel this growth, we have set up awareness camps across all major cities, towns and villages. Our aim is to reach every single market across all districts and assist millions of Indians in their efforts to adopt a digital lifestyle."Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and merchants. The company has also started working upstream with distribution networks in order to enable merchants who accept Paytm do business with their suppliers as well. "While our field teams work on educating and on boarding merchants to accept Paytm, we understand that it is a need for our retailers to also be able to pay their suppliers digitally and we are working towards that," said Sudhanshu Gupta, Vice President, Paytm, in a statement. In the last 45 days, Paytm has introduced several new features to enable every Indian accept and pay using Paytm. The app is now available in Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi. To provide additional safety to the users, Paytm launched an 'App Password' feature on Android, wherein users can set a secure pin, password, pattern or fingerprint as a means to ensure money stored in the Paytm wallet remains safe even if the owner's phone is lost or misplaced. The company has also introduced a toll-free number to enable feature phone and non-internet users to go cashless with Paytm and have made it 'a peice of cake' for anyone to access Paytm from anywhere.The initiatives will enable more small and medium sellers to come on board easily and leverage the benefits of selling through company’s marketplace. Leveraging the new platform, merchants will have access to services such as content writing, cataloguing, online marketing and imaging. The platform primarily targeted towards improving merchants profit by solving skill-based pain points. Speaking on the launch of the platform, Renu Satti, VP- SME Business and Operations –Paytm said,”We believe in enabling and empowering small merchants with technology and marketing. In the same spirit, we have created a GoBig portal and listed Paytm partners who can help a small seller to sell and scale business in any part of the country. We offer to fund initial expenses of creating catalogues and give free marketing credits to merchants to get traction on online commerce.”

    ...view full instructions

    Which of the following steps can be considered to be the most beneficial for the people who are not well to do financially?

    Solution

    It can be well understood that people who are not financially sound cannot afford the expensive smartphones which support Internet facilities. Thus making Paytm available even on the normal phones has been the most helpful thing for these people.

     

  • Question 8
    1 / -0

    Directions For Questions

    Direction: Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.

    Mobile wallet companies and trader organisations are going all out to educate people about e-payments. According to market sources, mobile wallet, payment gateways and e-payment companies alone are planning to spend around Rs 150 crore to organise camps, media campaigns around awareness programmes. Mobile wallet major Paytm has announced a 100-member merchant helpdesk to educate merchants across India. The company also plans to invest close to Rs 50 crore on this drive. This initiative will be implemented with a multi-channel outreach programme involving mass media, on-ground initiatives and strengthening in-house merchant support team. With around 1.5 million merchants accepting Paytm at present, the company aims to work closely with the merchants by seeking feedback and helping them understand digital payments. Under this programme, merchants will be educated on all the important aspects, which are currently becoming a concern and dispelling a lot of myth around safety, security and delay in money transfer to the bank account. The company will also use mass media to sensitize merchants on all these aspects. "Under this programme, the helpdesk will educate its users that the delay in transfer in a few cases is accounted due to the banking systems which are going through stress due to load spikes or may not respond due to downtime or network fluctuation at the their end. In such cases, banks could take up to seven working days to credit the amount in the bank account," said Sudhanshu Gupta, vice-president, Paytm. Paytm,one of the most sought after digital payments platforms, has launched a drive across India to inform merchants and customers in every district about the benefits of using its payments platform. This is a part of the company's long-term vision to bring half a billion Indians to the mainstream economy by 2020, the company said in a statement. They said, they have instituted team to educate the common man about the convenience of using Paytm. They said to carry out the mission; their team is conducting sessions and workshops across schools, colleges, village Panchayats and trade bodies. This is to serve the dual purpose of informing customers about the benefits of digital payments and tap into the widest set of merchants across India, Paytm said. Kiran Vasireddy, Senior vice president, Paytm, said, "Hundreds of thousands of people have reached out to us over the last couple of weeks with their queries and feedback. To further fuel this growth, we have set up awareness camps across all major cities, towns and villages. Our aim is to reach every single market across all districts and assist millions of Indians in their efforts to adopt a digital lifestyle."Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and merchants. The company has also started working upstream with distribution networks in order to enable merchants who accept Paytm do business with their suppliers as well. "While our field teams work on educating and on boarding merchants to accept Paytm, we understand that it is a need for our retailers to also be able to pay their suppliers digitally and we are working towards that," said Sudhanshu Gupta, Vice President, Paytm, in a statement. In the last 45 days, Paytm has introduced several new features to enable every Indian accept and pay using Paytm. The app is now available in Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi. To provide additional safety to the users, Paytm launched an 'App Password' feature on Android, wherein users can set a secure pin, password, pattern or fingerprint as a means to ensure money stored in the Paytm wallet remains safe even if the owner's phone is lost or misplaced. The company has also introduced a toll-free number to enable feature phone and non-internet users to go cashless with Paytm and have made it 'a peice of cake' for anyone to access Paytm from anywhere.The initiatives will enable more small and medium sellers to come on board easily and leverage the benefits of selling through company’s marketplace. Leveraging the new platform, merchants will have access to services such as content writing, cataloguing, online marketing and imaging. The platform primarily targeted towards improving merchants profit by solving skill-based pain points. Speaking on the launch of the platform, Renu Satti, VP- SME Business and Operations –Paytm said,”We believe in enabling and empowering small merchants with technology and marketing. In the same spirit, we have created a GoBig portal and listed Paytm partners who can help a small seller to sell and scale business in any part of the country. We offer to fund initial expenses of creating catalogues and give free marketing credits to merchants to get traction on online commerce.”

    ...view full instructions

    What is the recent aim of Paytm on which it has been working aggressively?

    Solution

    From the passage it can be understood that Paytm is trying to enhance its number of customers, specially the small merchants and traders. It has taken a number of steps to elevate their status and improve the scene for them by linking them to bigger companies, to suppliers, providing them with the correct information etc.

     

  • Question 9
    1 / -0

    Direction: In the following questions a sentence is given followed by a blank. You are provided with three fragments I, II and III. You have to identify which statement/statements can carry forward the given sentence in the most logical way so as to make the sentence coherent and contextually correct.

    ______________ to uphold the interest of the public and not fulfilling its statutory duty to depositors, the economy and the banking sector, by privileging individual banks' interests over its obligation to ensure transparency.

    I. The CIC forced the RBI for the failures attributed to it

    II. The RBI was ticked off by the CIC for failures

    III. The RBI was forced by CIC for crimes of failure

    Solution

    The RBI was ticked off by the CIC for failures to uphold the interest of the public and not fulfilling its statutory duty to depositors, the economy and the banking sector, by privileging individual banks' interests over its obligation to ensure transparency.

     

  • Question 10
    1 / -0

    Direction: In the following questions a sentence is given followed by a blank. You are provided with three fragments I, II and III. You have to identify which statement/statements can carry forward the given sentence in the most logical way so as to make the sentence coherent and contextually correct.

    The Akali-BJP alliance took a beating in the Assembly election _______________ .

    I. after having been in power for two terms, but still managed a substantial 30.6% vote share.

    II. and were part of Loksabha since 2014.

    III. even after the recent poll results in Rajasthan.

    Solution

    The Akali-BJP alliance took a beating in the Assembly election after having been in power for two terms, but still managed a substantial 30.6% vote share.
    Statement I proceeds it further.
    Statement II is irrelevant.
    Statement III does not fit the context.

     

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