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Directions: Read the passage carefully and answer the questions given beside.While digitalization has transformed most deposit-oriented services, banks continue to offer branch-specific products, particularly complex ones. Physical interaction remains crucial for individuals seeking big-ticket loans. According to a global digital banking survey conducted by the Deloitte Center for Financial Services, branches remain the most preferred channels worldwide for new product offerings. In India, 57 percent of customers rely on branches for home loans and rural customers heavily depend on branches for jewel loans. The availability of safety locker facilities within branches also attracts numerous customers, considering India’s significant market for gold and jewelry. Many bankers aver that customers still prefer to visit branches at least once a month. Although the RBI asserts that “cash is king but digital is divine,” India continues to be a cash-oriented economy.The evidence lies in the numbers, with the currency in circulation experiencing a substantial rise from 16.73 trillion in 2016 to over 33 trillion by 2023. With the increase in cash circulation for retail business units, maintaining a relationship at the branch level becomes inevitable for depositing significant amounts of cash at the end of the day. Frequent failures of cash deposit machines, particularly in public sector banks (PSBs), are another underlying reason for branches becoming cash hubs. However, technological advancements expected soon, such as India Stack and an open network for digital commerce, may change this trend. There are other reasons behind the need for branches. People across the globe, be it in developed or developing nations, prefer bank branches due to the trust factor. According to a global survey conducted by Accenture, nearly two-thirds of the 49,000 bank customers surveyed, irrespective of geographies and age groups, pointed out that the proximity of a physical bank branch authenticates the stability and availability of their bank.During a crisis, customers long for familiarity and certainty, and trusting intangible assets becomes highly challenging. For this class of customers, branches act as ambassadors and provide tangible proof of real relationship banking beyond a screen. Branches are also seen as important nodal points for resolving customers’ complaints and issues. As call centers and dispute resolution agencies, especially in the case of PSBs, are not too familiar to customers, branches become the primary interaction points for in-person dispute resolution.Q.Which of the following statements undermines the overall claim that cash transactions are still a preferred method of doing banking over digital form, as per the passage?a)As the banking industry continues to undergo digital transformation and clients grow more accustomed to completing their banking transactions online, physical bank offices are losing their relevance.b)Customers perceive bank branches as trustworthy and steady because of their physical presence, which improves their opinion of the banks dependability.c)The necessity for physical bank branches to serve as cash hubs for depositing sizable quantities of cash at the end of the day has increased as a result of the increase in cash circulation for retail business units.d)Customers are more likely to seek out familiar and in-person encounters during a crisis, which emphasizes the significance of bank branches as representatives of relationship banking.Correct answer is option 'A'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Read the passage carefully and answer the questions given beside.While digitalization has transformed most deposit-oriented services, banks continue to offer branch-specific products, particularly complex ones. Physical interaction remains crucial for individuals seeking big-ticket loans. According to a global digital banking survey conducted by the Deloitte Center for Financial Services, branches remain the most preferred channels worldwide for new product offerings. In India, 57 percent of customers rely on branches for home loans and rural customers heavily depend on branches for jewel loans. The availability of safety locker facilities within branches also attracts numerous customers, considering India’s significant market for gold and jewelry. Many bankers aver that customers still prefer to visit branches at least once a month. Although the RBI asserts that “cash is king but digital is divine,” India continues to be a cash-oriented economy.The evidence lies in the numbers, with the currency in circulation experiencing a substantial rise from 16.73 trillion in 2016 to over 33 trillion by 2023. With the increase in cash circulation for retail business units, maintaining a relationship at the branch level becomes inevitable for depositing significant amounts of cash at the end of the day. Frequent failures of cash deposit machines, particularly in public sector banks (PSBs), are another underlying reason for branches becoming cash hubs. However, technological advancements expected soon, such as India Stack and an open network for digital commerce, may change this trend. There are other reasons behind the need for branches. People across the globe, be it in developed or developing nations, prefer bank branches due to the trust factor. According to a global survey conducted by Accenture, nearly two-thirds of the 49,000 bank customers surveyed, irrespective of geographies and age groups, pointed out that the proximity of a physical bank branch authenticates the stability and availability of their bank.During a crisis, customers long for familiarity and certainty, and trusting intangible assets becomes highly challenging. For this class of customers, branches act as ambassadors and provide tangible proof of real relationship banking beyond a screen. Branches are also seen as important nodal points for resolving customers’ complaints and issues. As call centers and dispute resolution agencies, especially in the case of PSBs, are not too familiar to customers, branches become the primary interaction points for in-person dispute resolution.Q.Which of the following statements undermines the overall claim that cash transactions are still a preferred method of doing banking over digital form, as per the passage?a)As the banking industry continues to undergo digital transformation and clients grow more accustomed to completing their banking transactions online, physical bank offices are losing their relevance.b)Customers perceive bank branches as trustworthy and steady because of their physical presence, which improves their opinion of the banks dependability.c)The necessity for physical bank branches to serve as cash hubs for depositing sizable quantities of cash at the end of the day has increased as a result of the increase in cash circulation for retail business units.d)Customers are more likely to seek out familiar and in-person encounters during a crisis, which emphasizes the significance of bank branches as representatives of relationship banking.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the passage carefully and answer the questions given beside.While digitalization has transformed most deposit-oriented services, banks continue to offer branch-specific products, particularly complex ones. Physical interaction remains crucial for individuals seeking big-ticket loans. According to a global digital banking survey conducted by the Deloitte Center for Financial Services, branches remain the most preferred channels worldwide for new product offerings. In India, 57 percent of customers rely on branches for home loans and rural customers heavily depend on branches for jewel loans. The availability of safety locker facilities within branches also attracts numerous customers, considering India’s significant market for gold and jewelry. Many bankers aver that customers still prefer to visit branches at least once a month. Although the RBI asserts that “cash is king but digital is divine,” India continues to be a cash-oriented economy.The evidence lies in the numbers, with the currency in circulation experiencing a substantial rise from 16.73 trillion in 2016 to over 33 trillion by 2023. With the increase in cash circulation for retail business units, maintaining a relationship at the branch level becomes inevitable for depositing significant amounts of cash at the end of the day. Frequent failures of cash deposit machines, particularly in public sector banks (PSBs), are another underlying reason for branches becoming cash hubs. However, technological advancements expected soon, such as India Stack and an open network for digital commerce, may change this trend. There are other reasons behind the need for branches. People across the globe, be it in developed or developing nations, prefer bank branches due to the trust factor. According to a global survey conducted by Accenture, nearly two-thirds of the 49,000 bank customers surveyed, irrespective of geographies and age groups, pointed out that the proximity of a physical bank branch authenticates the stability and availability of their bank.During a crisis, customers long for familiarity and certainty, and trusting intangible assets becomes highly challenging. For this class of customers, branches act as ambassadors and provide tangible proof of real relationship banking beyond a screen. Branches are also seen as important nodal points for resolving customers’ complaints and issues. As call centers and dispute resolution agencies, especially in the case of PSBs, are not too familiar to customers, branches become the primary interaction points for in-person dispute resolution.Q.Which of the following statements undermines the overall claim that cash transactions are still a preferred method of doing banking over digital form, as per the passage?a)As the banking industry continues to undergo digital transformation and clients grow more accustomed to completing their banking transactions online, physical bank offices are losing their relevance.b)Customers perceive bank branches as trustworthy and steady because of their physical presence, which improves their opinion of the banks dependability.c)The necessity for physical bank branches to serve as cash hubs for depositing sizable quantities of cash at the end of the day has increased as a result of the increase in cash circulation for retail business units.d)Customers are more likely to seek out familiar and in-person encounters during a crisis, which emphasizes the significance of bank branches as representatives of relationship banking.Correct answer is option 'A'. Can you explain this answer?.

Solutions for Directions: Read the passage carefully and answer the questions given beside.While digitalization has transformed most deposit-oriented services, banks continue to offer branch-specific products, particularly complex ones. Physical interaction remains crucial for individuals seeking big-ticket loans. According to a global digital banking survey conducted by the Deloitte Center for Financial Services, branches remain the most preferred channels worldwide for new product offerings. In India, 57 percent of customers rely on branches for home loans and rural customers heavily depend on branches for jewel loans. The availability of safety locker facilities within branches also attracts numerous customers, considering India’s significant market for gold and jewelry. Many bankers aver that customers still prefer to visit branches at least once a month. Although the RBI asserts that “cash is king but digital is divine,” India continues to be a cash-oriented economy.The evidence lies in the numbers, with the currency in circulation experiencing a substantial rise from 16.73 trillion in 2016 to over 33 trillion by 2023. With the increase in cash circulation for retail business units, maintaining a relationship at the branch level becomes inevitable for depositing significant amounts of cash at the end of the day. Frequent failures of cash deposit machines, particularly in public sector banks (PSBs), are another underlying reason for branches becoming cash hubs. However, technological advancements expected soon, such as India Stack and an open network for digital commerce, may change this trend. There are other reasons behind the need for branches. People across the globe, be it in developed or developing nations, prefer bank branches due to the trust factor. According to a global survey conducted by Accenture, nearly two-thirds of the 49,000 bank customers surveyed, irrespective of geographies and age groups, pointed out that the proximity of a physical bank branch authenticates the stability and availability of their bank.During a crisis, customers long for familiarity and certainty, and trusting intangible assets becomes highly challenging. For this class of customers, branches act as ambassadors and provide tangible proof of real relationship banking beyond a screen. Branches are also seen as important nodal points for resolving customers’ complaints and issues. As call centers and dispute resolution agencies, especially in the case of PSBs, are not too familiar to customers, branches become the primary interaction points for in-person dispute resolution.Q.Which of the following statements undermines the overall claim that cash transactions are still a preferred method of doing banking over digital form, as per the passage?a)As the banking industry continues to undergo digital transformation and clients grow more accustomed to completing their banking transactions online, physical bank offices are losing their relevance.b)Customers perceive bank branches as trustworthy and steady because of their physical presence, which improves their opinion of the banks dependability.c)The necessity for physical bank branches to serve as cash hubs for depositing sizable quantities of cash at the end of the day has increased as a result of the increase in cash circulation for retail business units.d)Customers are more likely to seek out familiar and in-person encounters during a crisis, which emphasizes the significance of bank branches as representatives of relationship banking.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Directions: Read the passage carefully and answer the questions given beside.While digitalization has transformed most deposit-oriented services, banks continue to offer branch-specific products, particularly complex ones. Physical interaction remains crucial for individuals seeking big-ticket loans. According to a global digital banking survey conducted by the Deloitte Center for Financial Services, branches remain the most preferred channels worldwide for new product offerings. In India, 57 percent of customers rely on branches for home loans and rural customers heavily depend on branches for jewel loans. The availability of safety locker facilities within branches also attracts numerous customers, considering India’s significant market for gold and jewelry. Many bankers aver that customers still prefer to visit branches at least once a month. Although the RBI asserts that “cash is king but digital is divine,” India continues to be a cash-oriented economy.The evidence lies in the numbers, with the currency in circulation experiencing a substantial rise from 16.73 trillion in 2016 to over 33 trillion by 2023. With the increase in cash circulation for retail business units, maintaining a relationship at the branch level becomes inevitable for depositing significant amounts of cash at the end of the day. Frequent failures of cash deposit machines, particularly in public sector banks (PSBs), are another underlying reason for branches becoming cash hubs. However, technological advancements expected soon, such as India Stack and an open network for digital commerce, may change this trend. There are other reasons behind the need for branches. People across the globe, be it in developed or developing nations, prefer bank branches due to the trust factor. According to a global survey conducted by Accenture, nearly two-thirds of the 49,000 bank customers surveyed, irrespective of geographies and age groups, pointed out that the proximity of a physical bank branch authenticates the stability and availability of their bank.During a crisis, customers long for familiarity and certainty, and trusting intangible assets becomes highly challenging. For this class of customers, branches act as ambassadors and provide tangible proof of real relationship banking beyond a screen. Branches are also seen as important nodal points for resolving customers’ complaints and issues. As call centers and dispute resolution agencies, especially in the case of PSBs, are not too familiar to customers, branches become the primary interaction points for in-person dispute resolution.Q.Which of the following statements undermines the overall claim that cash transactions are still a preferred method of doing banking over digital form, as per the passage?a)As the banking industry continues to undergo digital transformation and clients grow more accustomed to completing their banking transactions online, physical bank offices are losing their relevance.b)Customers perceive bank branches as trustworthy and steady because of their physical presence, which improves their opinion of the banks dependability.c)The necessity for physical bank branches to serve as cash hubs for depositing sizable quantities of cash at the end of the day has increased as a result of the increase in cash circulation for retail business units.d)Customers are more likely to seek out familiar and in-person encounters during a crisis, which emphasizes the significance of bank branches as representatives of relationship banking.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the passage carefully and answer the questions given beside.While digitalization has transformed most deposit-oriented services, banks continue to offer branch-specific products, particularly complex ones. Physical interaction remains crucial for individuals seeking big-ticket loans. According to a global digital banking survey conducted by the Deloitte Center for Financial Services, branches remain the most preferred channels worldwide for new product offerings. In India, 57 percent of customers rely on branches for home loans and rural customers heavily depend on branches for jewel loans. The availability of safety locker facilities within branches also attracts numerous customers, considering India’s significant market for gold and jewelry. Many bankers aver that customers still prefer to visit branches at least once a month. Although the RBI asserts that “cash is king but digital is divine,” India continues to be a cash-oriented economy.The evidence lies in the numbers, with the currency in circulation experiencing a substantial rise from 16.73 trillion in 2016 to over 33 trillion by 2023. With the increase in cash circulation for retail business units, maintaining a relationship at the branch level becomes inevitable for depositing significant amounts of cash at the end of the day. Frequent failures of cash deposit machines, particularly in public sector banks (PSBs), are another underlying reason for branches becoming cash hubs. However, technological advancements expected soon, such as India Stack and an open network for digital commerce, may change this trend. There are other reasons behind the need for branches. People across the globe, be it in developed or developing nations, prefer bank branches due to the trust factor. According to a global survey conducted by Accenture, nearly two-thirds of the 49,000 bank customers surveyed, irrespective of geographies and age groups, pointed out that the proximity of a physical bank branch authenticates the stability and availability of their bank.During a crisis, customers long for familiarity and certainty, and trusting intangible assets becomes highly challenging. For this class of customers, branches act as ambassadors and provide tangible proof of real relationship banking beyond a screen. Branches are also seen as important nodal points for resolving customers’ complaints and issues. As call centers and dispute resolution agencies, especially in the case of PSBs, are not too familiar to customers, branches become the primary interaction points for in-person dispute resolution.Q.Which of the following statements undermines the overall claim that cash transactions are still a preferred method of doing banking over digital form, as per the passage?a)As the banking industry continues to undergo digital transformation and clients grow more accustomed to completing their banking transactions online, physical bank offices are losing their relevance.b)Customers perceive bank branches as trustworthy and steady because of their physical presence, which improves their opinion of the banks dependability.c)The necessity for physical bank branches to serve as cash hubs for depositing sizable quantities of cash at the end of the day has increased as a result of the increase in cash circulation for retail business units.d)Customers are more likely to seek out familiar and in-person encounters during a crisis, which emphasizes the significance of bank branches as representatives of relationship banking.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Directions: Read the passage carefully and answer the questions given beside.While digitalization has transformed most deposit-oriented services, banks continue to offer branch-specific products, particularly complex ones. Physical interaction remains crucial for individuals seeking big-ticket loans. According to a global digital banking survey conducted by the Deloitte Center for Financial Services, branches remain the most preferred channels worldwide for new product offerings. In India, 57 percent of customers rely on branches for home loans and rural customers heavily depend on branches for jewel loans. The availability of safety locker facilities within branches also attracts numerous customers, considering India’s significant market for gold and jewelry. Many bankers aver that customers still prefer to visit branches at least once a month. Although the RBI asserts that “cash is king but digital is divine,” India continues to be a cash-oriented economy.The evidence lies in the numbers, with the currency in circulation experiencing a substantial rise from 16.73 trillion in 2016 to over 33 trillion by 2023. With the increase in cash circulation for retail business units, maintaining a relationship at the branch level becomes inevitable for depositing significant amounts of cash at the end of the day. Frequent failures of cash deposit machines, particularly in public sector banks (PSBs), are another underlying reason for branches becoming cash hubs. However, technological advancements expected soon, such as India Stack and an open network for digital commerce, may change this trend. There are other reasons behind the need for branches. People across the globe, be it in developed or developing nations, prefer bank branches due to the trust factor. According to a global survey conducted by Accenture, nearly two-thirds of the 49,000 bank customers surveyed, irrespective of geographies and age groups, pointed out that the proximity of a physical bank branch authenticates the stability and availability of their bank.During a crisis, customers long for familiarity and certainty, and trusting intangible assets becomes highly challenging. For this class of customers, branches act as ambassadors and provide tangible proof of real relationship banking beyond a screen. Branches are also seen as important nodal points for resolving customers’ complaints and issues. As call centers and dispute resolution agencies, especially in the case of PSBs, are not too familiar to customers, branches become the primary interaction points for in-person dispute resolution.Q.Which of the following statements undermines the overall claim that cash transactions are still a preferred method of doing banking over digital form, as per the passage?a)As the banking industry continues to undergo digital transformation and clients grow more accustomed to completing their banking transactions online, physical bank offices are losing their relevance.b)Customers perceive bank branches as trustworthy and steady because of their physical presence, which improves their opinion of the banks dependability.c)The necessity for physical bank branches to serve as cash hubs for depositing sizable quantities of cash at the end of the day has increased as a result of the increase in cash circulation for retail business units.d)Customers are more likely to seek out familiar and in-person encounters during a crisis, which emphasizes the significance of bank branches as representatives of relationship banking.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Directions: Read the passage carefully and answer the questions given beside.While digitalization has transformed most deposit-oriented services, banks continue to offer branch-specific products, particularly complex ones. Physical interaction remains crucial for individuals seeking big-ticket loans. According to a global digital banking survey conducted by the Deloitte Center for Financial Services, branches remain the most preferred channels worldwide for new product offerings. In India, 57 percent of customers rely on branches for home loans and rural customers heavily depend on branches for jewel loans. The availability of safety locker facilities within branches also attracts numerous customers, considering India’s significant market for gold and jewelry. Many bankers aver that customers still prefer to visit branches at least once a month. Although the RBI asserts that “cash is king but digital is divine,” India continues to be a cash-oriented economy.The evidence lies in the numbers, with the currency in circulation experiencing a substantial rise from 16.73 trillion in 2016 to over 33 trillion by 2023. With the increase in cash circulation for retail business units, maintaining a relationship at the branch level becomes inevitable for depositing significant amounts of cash at the end of the day. Frequent failures of cash deposit machines, particularly in public sector banks (PSBs), are another underlying reason for branches becoming cash hubs. However, technological advancements expected soon, such as India Stack and an open network for digital commerce, may change this trend. There are other reasons behind the need for branches. People across the globe, be it in developed or developing nations, prefer bank branches due to the trust factor. According to a global survey conducted by Accenture, nearly two-thirds of the 49,000 bank customers surveyed, irrespective of geographies and age groups, pointed out that the proximity of a physical bank branch authenticates the stability and availability of their bank.During a crisis, customers long for familiarity and certainty, and trusting intangible assets becomes highly challenging. For this class of customers, branches act as ambassadors and provide tangible proof of real relationship banking beyond a screen. Branches are also seen as important nodal points for resolving customers’ complaints and issues. As call centers and dispute resolution agencies, especially in the case of PSBs, are not too familiar to customers, branches become the primary interaction points for in-person dispute resolution.Q.Which of the following statements undermines the overall claim that cash transactions are still a preferred method of doing banking over digital form, as per the passage?a)As the banking industry continues to undergo digital transformation and clients grow more accustomed to completing their banking transactions online, physical bank offices are losing their relevance.b)Customers perceive bank branches as trustworthy and steady because of their physical presence, which improves their opinion of the banks dependability.c)The necessity for physical bank branches to serve as cash hubs for depositing sizable quantities of cash at the end of the day has increased as a result of the increase in cash circulation for retail business units.d)Customers are more likely to seek out familiar and in-person encounters during a crisis, which emphasizes the significance of bank branches as representatives of relationship banking.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the passage carefully and answer the questions given beside.While digitalization has transformed most deposit-oriented services, banks continue to offer branch-specific products, particularly complex ones. Physical interaction remains crucial for individuals seeking big-ticket loans. According to a global digital banking survey conducted by the Deloitte Center for Financial Services, branches remain the most preferred channels worldwide for new product offerings. In India, 57 percent of customers rely on branches for home loans and rural customers heavily depend on branches for jewel loans. The availability of safety locker facilities within branches also attracts numerous customers, considering India’s significant market for gold and jewelry. Many bankers aver that customers still prefer to visit branches at least once a month. Although the RBI asserts that “cash is king but digital is divine,” India continues to be a cash-oriented economy.The evidence lies in the numbers, with the currency in circulation experiencing a substantial rise from 16.73 trillion in 2016 to over 33 trillion by 2023. With the increase in cash circulation for retail business units, maintaining a relationship at the branch level becomes inevitable for depositing significant amounts of cash at the end of the day. Frequent failures of cash deposit machines, particularly in public sector banks (PSBs), are another underlying reason for branches becoming cash hubs. However, technological advancements expected soon, such as India Stack and an open network for digital commerce, may change this trend. There are other reasons behind the need for branches. People across the globe, be it in developed or developing nations, prefer bank branches due to the trust factor. According to a global survey conducted by Accenture, nearly two-thirds of the 49,000 bank customers surveyed, irrespective of geographies and age groups, pointed out that the proximity of a physical bank branch authenticates the stability and availability of their bank.During a crisis, customers long for familiarity and certainty, and trusting intangible assets becomes highly challenging. For this class of customers, branches act as ambassadors and provide tangible proof of real relationship banking beyond a screen. Branches are also seen as important nodal points for resolving customers’ complaints and issues. As call centers and dispute resolution agencies, especially in the case of PSBs, are not too familiar to customers, branches become the primary interaction points for in-person dispute resolution.Q.Which of the following statements undermines the overall claim that cash transactions are still a preferred method of doing banking over digital form, as per the passage?a)As the banking industry continues to undergo digital transformation and clients grow more accustomed to completing their banking transactions online, physical bank offices are losing their relevance.b)Customers perceive bank branches as trustworthy and steady because of their physical presence, which improves their opinion of the banks dependability.c)The necessity for physical bank branches to serve as cash hubs for depositing sizable quantities of cash at the end of the day has increased as a result of the increase in cash circulation for retail business units.d)Customers are more likely to seek out familiar and in-person encounters during a crisis, which emphasizes the significance of bank branches as representatives of relationship banking.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.