Directions: There is a sentence that is missing in the paragraph below. Look at the paragraph and decide in which blank (option 1, 2, 3, or 4) the following sentence would best fit.Sentence: There were no other options.Paragraph: While traditional banks had been convenient one-stop shops for businesses and consumers, many didnt evolve their products in a way that matched the tech-driven pace of change in other industries. (1) ________. Products such as checking accounts, loans, and even corporate advisory seemed undifferentiated. (2) ________. And people increasingly felt frustrated by the financial fragmentation that banks had imposed on many consumer processes. For instance, buying a home once required navigating a confusing world of disconnected real-estate brokers, mortgage lenders, insurance companies, lawyers, renovation contractors, and so on. (3) ________. Our grandparents tolerated those frustrations, but they also used pay phones. (4) _______. Today, we are awash in new ways to reach and connect with consumers. Banks need to identify and engage these customersandmdash;as their newer competitors are doing.a)Option 1b)Option 2c)Option 3d)Option 4Correct answer is option 'D'. Can you explain this answer?

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Directions: There is a sentence that is missing in the paragraph below. Look at the paragraph and decide in which blank (option 1, 2, 3, or 4) the following sentence would best fit.
Sentence: There were no other options.
Paragraph: While traditional banks had been convenient one-stop shops for businesses and consumers, many didn't evolve their products in a way that matched the tech-driven pace of change in other industries. (1) ________. Products such as checking accounts, loans, and even corporate advisory seemed undifferentiated. (2) ________. And people increasingly felt frustrated by the financial fragmentation that banks had imposed on many consumer processes. For instance, buying a home once required navigating a confusing world of disconnected real-estate brokers, mortgage lenders, insurance companies, lawyers, renovation contractors, and so on. (3) ________. Our grandparents tolerated those frustrations, but they also used pay phones. (4) _______. Today, we are awash in new ways to reach and connect with consumers. Banks need to identify and engage these customers—as their newer competitors are doing.

a)
Option 1
b)
Option 2
c)
Option 3
d)
Option 4

Correct answer is option 'D'. Can you explain this answer?

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Most Upvoted Answer

Directions: There is a sentence that is missing in the paragraph below...

Explanation:

Option 1:
The missing sentence should provide a transition to the next point in the paragraph. Option 1 does not provide a smooth transition and does not flow well with the context of the paragraph.

Option 2:
Option 2 discusses the undifferentiated nature of traditional banks' products, which sets the stage for the frustration that consumers feel. However, it does not directly address the lack of options mentioned in the subsequent sentence.

Option 3:
Option 3 talks about the frustration consumers faced in the past due to the financial fragmentation caused by traditional banks. It sets the context for the changing consumer behavior but does not directly address the absence of other options.

Option 4:
Option 4 directly addresses the lack of options by stating, "There were no other options." This sentence provides clarity and emphasizes the need for a change in the way banks engage with customers. It also sets the stage for the discussion on newer competitors and the evolving consumer landscape.
Therefore, option 4 is the best fit for the missing sentence in the paragraph as it seamlessly connects the frustration faced by consumers with the need for banks to adapt to new ways of reaching and connecting with customers.

Answered by Wizius Careers · View profile

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Directions: There is a sentence that is missing in the paragraph below...

Option A: 'Many didn't evolve their products' may seem to connect with 'options' in the question sentence, but it does not gel with 'other'.
Option B: It may seem that 'undifferentiated' refers to the lack of options as stated in the question sentence, but 'no other options' does not fit the flow.
Option C: This option is a distractor. The question sentence may convey that there was no other option for customers than to feel frustrated. But it will disturb the flow, as the following sentence emphasises the 'frustration' as mentioned in the preceding sentence.
Option D is correct. The question sentence fits position 4, as the following sentence complements the idea by stating about 'new ways' available today.

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Directions: There is a sentence that is missing in the paragraph below. Look at the paragraph and decide in which blank (option 1, 2, 3, or 4) the following sentence would best fit.Sentence: There were no other options.Paragraph: While traditional banks had been convenient one-stop shops for businesses and consumers, many didnt evolve their products in a way that matched the tech-driven pace of change in other industries. (1) ________. Products such as checking accounts, loans, and even corporate advisory seemed undifferentiated. (2) ________. And people increasingly felt frustrated by the financial fragmentation that banks had imposed on many consumer processes. For instance, buying a home once required navigating a confusing world of disconnected real-estate brokers, mortgage lenders, insurance companies, lawyers, renovation contractors, and so on. (3) ________. Our grandparents tolerated those frustrations, but they also used pay phones. (4) _______. Today, we are awash in new ways to reach and connect with consumers. Banks need to identify and engage these customers—as their newer competitors are doing.a)Option 1b)Option 2c)Option 3d)Option 4Correct answer is option 'D'. Can you explain this answer?

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Directions: There is a sentence that is missing in the paragraph below. Look at the paragraph and decide in which blank (option 1, 2, 3, or 4) the following sentence would best fit.Sentence: There were no other options.Paragraph: While traditional banks had been convenient one-stop shops for businesses and consumers, many didnt evolve their products in a way that matched the tech-driven pace of change in other industries. (1) ________. Products such as checking accounts, loans, and even corporate advisory seemed undifferentiated. (2) ________. And people increasingly felt frustrated by the financial fragmentation that banks had imposed on many consumer processes. For instance, buying a home once required navigating a confusing world of disconnected real-estate brokers, mortgage lenders, insurance companies, lawyers, renovation contractors, and so on. (3) ________. Our grandparents tolerated those frustrations, but they also used pay phones. (4) _______. Today, we are awash in new ways to reach and connect with consumers. Banks need to identify and engage these customers—as their newer competitors are doing.a)Option 1b)Option 2c)Option 3d)Option 4Correct answer is option 'D'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Directions: There is a sentence that is missing in the paragraph below. Look at the paragraph and decide in which blank (option 1, 2, 3, or 4) the following sentence would best fit.Sentence: There were no other options.Paragraph: While traditional banks had been convenient one-stop shops for businesses and consumers, many didnt evolve their products in a way that matched the tech-driven pace of change in other industries. (1) ________. Products such as checking accounts, loans, and even corporate advisory seemed undifferentiated. (2) ________. And people increasingly felt frustrated by the financial fragmentation that banks had imposed on many consumer processes. For instance, buying a home once required navigating a confusing world of disconnected real-estate brokers, mortgage lenders, insurance companies, lawyers, renovation contractors, and so on. (3) ________. Our grandparents tolerated those frustrations, but they also used pay phones. (4) _______. Today, we are awash in new ways to reach and connect with consumers. Banks need to identify and engage these customers—as their newer competitors are doing.a)Option 1b)Option 2c)Option 3d)Option 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: There is a sentence that is missing in the paragraph below. Look at the paragraph and decide in which blank (option 1, 2, 3, or 4) the following sentence would best fit.Sentence: There were no other options.Paragraph: While traditional banks had been convenient one-stop shops for businesses and consumers, many didnt evolve their products in a way that matched the tech-driven pace of change in other industries. (1) ________. Products such as checking accounts, loans, and even corporate advisory seemed undifferentiated. (2) ________. And people increasingly felt frustrated by the financial fragmentation that banks had imposed on many consumer processes. For instance, buying a home once required navigating a confusing world of disconnected real-estate brokers, mortgage lenders, insurance companies, lawyers, renovation contractors, and so on. (3) ________. Our grandparents tolerated those frustrations, but they also used pay phones. (4) _______. Today, we are awash in new ways to reach and connect with consumers. Banks need to identify and engage these customers—as their newer competitors are doing.a)Option 1b)Option 2c)Option 3d)Option 4Correct answer is option 'D'. Can you explain this answer?.

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