Directions: In the question below, the 1st and the last (correctly ordered) sentences are numbered 1 and 6. The rest of the passage is split into four parts and named P, Q, R and S. These four parts are not given in the proper order. Choose the correct combination among the four alternatives given.
- The Prime Minister could not have been more correct when he likened the problem of lack of banking services to a significant number of Indians to that of “untouchability”. P: The sorry plight of thousands of small savers allegedly duped by a deposit-collecting firm in West Bengal last year is still fresh in public memory. Q: These, along with the absence of regulatory oversight, play the perfect foil for deals and schemes to thrive outside the financial system. R: At the root of all these duping are two primary attributes that continue to characterise the Indian economy, despite the recent rapid strides - a bustling cash economy and lack of access to basic conventional banking services. S: In many ways, the malaise of “financial untouchability” is as discriminatory as caste biases.
- The authorities are further hoodwinked by creating a web of transactions to obscure the sources of slush funds.
Reveal answer
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