Part II Reading Comprehension
Directions: In this part, you will have 15 minutes to go over the passage quickly and answer the questions on Answer Sheet 1. For questions 1-7, choose the best answer from the four choices marked A), B), C) and D). For questions 8-10, complete the sentences with the information given in the passage.
Internet BankingScene of Last Decade and Some Learning
Internet is being adopted as a parallel medium of communication, transaction, and social networking. Internet banking is fast gaining speed across the globe for its convenience and ease of conducting transactions at a speed and service levels never dreamt of, a decade ago. Bankers needs take some learning for this last decade of e-driven environment.
Internet banking introspection
In spite of its multiple advantages, there is a need to step back and re-think on perceptions of the masses. Is Internet banking truly replacing the layers of branch banking in a big way? Is Internet banking a definitive future of how world people will transact over net? There is enough evidence of Internet banking gaining considerable adoption in developed and to a lesser degree in developing countries. However ample evidence exists to suggest that Internet banking has been highly accepted in only specific line of services and yet global bankers have to fight a fierce battle when Internet banking will be a truly serious and parallel banking channel. But one thing is sure, e-banking has going through a lot of transformation for a decade and will surely keeping its footprint across the globe.
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