What does the andquot;New Age 24andtimes;7 bankingandquot; theme of EASE 4.0 aspire to achieve?a)To ensure uninterrupted availability of banking servicesb)To introduce new age banking services like cryptocurrencyc)Establishing new PSBs in the financial marketd)To maximize synergies through collaboration between PSBS and broader financial services ecosystem for coordinated handling of co-originated loansCorrect answer is option 'A'. Can you explain this answer?

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What does the "New Age 24×7 banking" theme of EASE 4.0 aspire to achieve?

a)
To ensure uninterrupted availability of banking services
b)
To introduce new age banking services like cryptocurrency
c)
Establishing new PSBs in the financial market
d)
To maximize synergies through collaboration between PSBS and broader financial services ecosystem for coordinated handling of co-originated loans

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

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What does the "New Age 24×7 banking" theme of EASE 4.0...

The "New Age 24×7 banking" theme of EASE 4.0 aims to ensure uninterrupted availability of banking services by ensuring 24×7 availability of select banking channels, improving the reliability of technology platforms, and aligning internal processes in the PSBs to deliver such services.

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What does the "New Age 24×7 banking" theme of EASE 4.0...

Uninterrupted Availability of Banking Services:
Ensuring uninterrupted availability of banking services is the primary goal of the "New Age 24x7 banking" theme of EASE 4.0. This means that customers should have access to banking services round the clock, seven days a week. With advancements in technology, customers expect to be able to conduct banking transactions at any time, and this theme aims to meet that expectation.

Enhanced Customer Experience:
By offering 24x7 banking services, banks can enhance the overall customer experience. Customers will have the flexibility to manage their finances at their convenience, without being restricted by banking hours. This can lead to increased customer satisfaction and loyalty.

Adoption of Digital Banking:
The theme of New Age 24x7 banking also encourages the adoption of digital banking services. By providing round-the-clock access to online and mobile banking platforms, banks can promote the use of digital channels for transactions, thus reducing the dependency on physical branches.

Competitive Advantage:
Banks that successfully implement the New Age 24x7 banking theme can gain a competitive advantage in the market. Offering seamless and uninterrupted banking services can set a bank apart from its competitors and attract more customers who value convenience and accessibility.
In conclusion, the aspiration of the "New Age 24x7 banking" theme of EASE 4.0 is to ensure uninterrupted availability of banking services, enhance customer experience, promote digital banking adoption, and gain a competitive advantage in the market. By meeting these objectives, banks can better serve their customers and stay relevant in an increasingly digital world.

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Direction: Read the passage and answer the question based on it.Much has been said about the mining of cryptocurrencies and how the process guzzles electricity. Mining is a process that creates new digital coins by solving complex mathematical problems using very powerful computers, day and night, non-stop. That wouldn't be a problem if it were only a few computers in use. As of February 19, for example, Bitcoin mining was thought to consume more than 51,000 Gigawatts hours of electricity each year worldwide, according to Digiconomist, an online cryptocurrency hub. That's five and half times as much the power used by Zimbabwe, a developing nation, for the whole of 2O15. There is no known corporate mining rig in Zimbabwe, though some individuals have decided to dip their toes into the mining waters. 41000 people trading crypto on the local exchange are to some degree mining on their personal computers. Obviously, these aren't all the Zimbabweans but there is also no administrative source on power use involving crypto-mining.Digiconomist has produced a model for calculating electricity use from Bitcoin mining that is widely used across the world, which could help estimate the amount of energy used by citizens mining crypto in Zimbabwe. The formula, which depends on the performance of ordinary mining equipment, expresses the miner's operating costs as a percentage of the total mining revenues before converting the operating costs to the energy consumed. The conversion is based on the average cost of electricity. Manufacturers of cryptocurrency are introducing to the market more efficient mining technologies that minimize electricity use.Bitcoin is evolving into a big environmental nuisance. Its mining, reliant on coal-fired power stations in countries like China, a leading cryptocurrency market, emits the equivalent of 24.8 million tonnes of carbon dioxide each year. According to the UN expert panel on climate change, carbon dioxide is the number one driver of global warming and climate change, a phenomenon that has spewed frequent and intense droughts and floods in Zimbabwe in recent decades, with deadly effects.There is only about 16 million Bitcoin in circulation today. A maximum of 21 million Bitcoins can only ever be issued. Now, as long as there is any cryptocurrency — to mine, it seems plausible that global concern will not only focus on the legitimacy of a currency that exists only online but also its power-guzzling systems, which will deficit in the future. Zimbabwe could easily turn into a crypto-miners paradise if only the power supply was reliable. At 9,86c per kWh, the country has some of the cheapest electricity rates anywhere in the world. The average electricity cost across southern Africa is 50 percent higher compared to the local rate.Q. What does the author wants to imply by the line 'there is also no administrative source on power use involving crypto-mining'?

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Direction: Read the passage and answer the question based on it.Much has been said about the mining of cryptocurrencies and how the process guzzles electricity. Mining is a process that creates new digital coins by solving complex mathematical problems using very powerful computers, day and night, non-stop. That wouldn't be a problem if it were only a few computers in use. As of February 19, for example, Bitcoin mining was thought to consume more than 51,000 Gigawatts hours of electricity each year worldwide, according to Digiconomist, an online cryptocurrency hub. That's five and half times as much the power used by Zimbabwe, a developing nation, for the whole of 2O15. There is no known corporate mining rig in Zimbabwe, though some individuals have decided to dip their toes into the mining waters. 41000 people trading crypto on the local exchange are to some degree mining on their personal computers. Obviously, these aren't all the Zimbabweans but there is also no administrative source on power use involving crypto-mining.Digiconomist has produced a model for calculating electricity use from Bitcoin mining that is widely used across the world, which could help estimate the amount of energy used by citizens mining crypto in Zimbabwe. The formula, which depends on the performance of ordinary mining equipment, expresses the miner's operating costs as a percentage of the total mining revenues before converting the operating costs to the energy consumed. The conversion is based on the average cost of electricity. Manufacturers of cryptocurrency are introducing to the market more efficient mining technologies that minimize electricity use.Bitcoin is evolving into a big environmental nuisance. Its mining, reliant on coal-fired power stations in countries like China, a leading cryptocurrency market, emits the equivalent of 24.8 million tonnes of carbon dioxide each year. According to the UN expert panel on climate change, carbon dioxide is the number one driver of global warming and climate change, a phenomenon that has spewed frequent and intense droughts and floods in Zimbabwe in recent decades, with deadly effects.There is only about 16 million Bitcoin in circulation today. A maximum of 21 million Bitcoins can only ever be issued. Now, as long as there is any cryptocurrency — to mine, it seems plausible that global concern will not only focus on the legitimacy of a currency that exists only online but also its power-guzzling systems, which will deficit in the future. Zimbabwe could easily turn into a crypto-miners paradise if only the power supply was reliable. At 9,86c per kWh, the country has some of the cheapest electricity rates anywhere in the world. The average electricity cost across southern Africa is 50 percent higher compared to the local rate.Q. Which of the following is/are the impact(s) of cryptocurrency mining in Zimbabwe as mentioned in the passage?A. Promotes digital fraud and reduces financial security.B. Has caused natural disaster due to the emission of harmful gas.C. Over utilisation of energy will cause its shortage in long run.

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Direction: Read the passage and answer the question based on it.Much has been said about the mining of cryptocurrencies and how the process guzzles electricity. Mining is a process that creates new digital coins by solving complex mathematical problems using very powerful computers, day and night, non-stop. That wouldn't be a problem if it were only a few computers in use. As of February 19, for example, Bitcoin mining was thought to consume more than 51,000 Gigawatts hours of electricity each year worldwide, according to Digiconomist, an online cryptocurrency hub. That's five and half times as much the power used by Zimbabwe, a developing nation, for the whole of 2O15. There is no known corporate mining rig in Zimbabwe, though some individuals have decided to dip their toes into the mining waters. 41000 people trading crypto on the local exchange are to some degree mining on their personal computers. Obviously, these aren't all the Zimbabweans but there is also no administrative source on power use involving crypto-mining.Digiconomist has produced a model for calculating electricity use from Bitcoin mining that is widely used across the world, which could help estimate the amount of energy used by citizens mining crypto in Zimbabwe. The formula, which depends on the performance of ordinary mining equipment, expresses the miner's operating costs as a percentage of the total mining revenues before converting the operating costs to the energy consumed. The conversion is based on the average cost of electricity. Manufacturers of cryptocurrency are introducing to the market more efficient mining technologies that minimize electricity use.Bitcoin is evolving into a big environmental nuisance. Its mining, reliant on coal-fired power stations in countries like China, a leading cryptocurrency market, emits the equivalent of 24.8 million tonnes of carbon dioxide each year. According to the UN expert panel on climate change, carbon dioxide is the number one driver of global warming and climate change, a phenomenon that has spewed frequent and intense droughts and floods in Zimbabwe in recent decades, with deadly effects.There is only about 16 million Bitcoin in circulation today. A maximum of 21 million Bitcoins can only ever be issued. Now, as long as there is any cryptocurrency — to mine, it seems plausible that global concern will not only focus on the legitimacy of a currency that exists only online but also its power-guzzling systems, which will deficit in the future. Zimbabwe could easily turn into a crypto-miners paradise if only the power supply was reliable. At 9,86c per kWh, the country has some of the cheapest electricity rates anywhere in the world. The average electricity cost across southern Africa is 50 percent higher compared to the local rate.Q. Why did the author cite the example of February 19th?

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Direction: Read the passage and answer the question based on it.Much has been said about the mining of cryptocurrencies and how the process guzzles electricity. Mining is a process that creates new digital coins by solving complex mathematical problems using very powerful computers, day and night, non-stop. That wouldn't be a problem if it were only a few computers in use. As of February 19, for example, Bitcoin mining was thought to consume more than 51,000 Gigawatts hours of electricity each year worldwide, according to Digiconomist, an online cryptocurrency hub. That's five and half times as much the power used by Zimbabwe, a developing nation, for the whole of 2O15. There is no known corporate mining rig in Zimbabwe, though some individuals have decided to dip their toes into the mining waters. 41000 people trading crypto on the local exchange are to some degree mining on their personal computers. Obviously, these aren't all the Zimbabweans but there is also no administrative source on power use involving crypto-mining.Digiconomist has produced a model for calculating electricity use from Bitcoin mining that is widely used across the world, which could help estimate the amount of energy used by citizens mining crypto in Zimbabwe. The formula, which depends on the performance of ordinary mining equipment, expresses the miner's operating costs as a percentage of the total mining revenues before converting the operating costs to the energy consumed. The conversion is based on the average cost of electricity. Manufacturers of cryptocurrency are introducing to the market more efficient mining technologies that minimize electricity use.Bitcoin is evolving into a big environmental nuisance. Its mining, reliant on coal-fired power stations in countries like China, a leading cryptocurrency market, emits the equivalent of 24.8 million tonnes of carbon dioxide each year. According to the UN expert panel on climate change, carbon dioxide is the number one driver of global warming and climate change, a phenomenon that has spewed frequent and intense droughts and floods in Zimbabwe in recent decades, with deadly effects.There is only about 16 million Bitcoin in circulation today. A maximum of 21 million Bitcoins can only ever be issued. Now, as long as there is any cryptocurrency — to mine, it seems plausible that global concern will not only focus on the legitimacy of a currency that exists only online but also its power-guzzling systems, which will deficit in the future. Zimbabwe could easily turn into a crypto-miners paradise if only the power supply was reliable. At 9,86c per kWh, the country has some of the cheapest electricity rates anywhere in the world. The average electricity cost across southern Africa is 50 percent higher compared to the local rate.Q. According to the passage that author believes that

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Direction: Read the passage and answer the question based on it.Much has been said about the mining of cryptocurrencies and how the process guzzles electricity. Mining is a process that creates new digital coins by solving complex mathematical problems using very powerful computers, day and night, non-stop. That wouldn't be a problem if it were only a few computers in use. As of February 19, for example, Bitcoin mining was thought to consume more than 51,000 Gigawatts hours of electricity each year worldwide, according to Digiconomist, an online cryptocurrency hub. That's five and half times as much the power used by Zimbabwe, a developing nation, for the whole of 2O15. There is no known corporate mining rig in Zimbabwe, though some individuals have decided to dip their toes into the mining waters. 41000 people trading crypto on the local exchange are to some degree mining on their personal computers. Obviously, these aren't all the Zimbabweans but there is also no administrative source on power use involving crypto-mining.Digiconomist has produced a model for calculating electricity use from Bitcoin mining that is widely used across the world, which could help estimate the amount of energy used by citizens mining crypto in Zimbabwe. The formula, which depends on the performance of ordinary mining equipment, expresses the miner's operating costs as a percentage of the total mining revenues before converting the operating costs to the energy consumed. The conversion is based on the average cost of electricity. Manufacturers of cryptocurrency are introducing to the market more efficient mining technologies that minimize electricity use.Bitcoin is evolving into a big environmental nuisance. Its mining, reliant on coal-fired power stations in countries like China, a leading cryptocurrency market, emits the equivalent of 24.8 million tonnes of carbon dioxide each year. According to the UN expert panel on climate change, carbon dioxide is the number one driver of global warming and climate change, a phenomenon that has spewed frequent and intense droughts and floods in Zimbabwe in recent decades, with deadly effects.There is only about 16 million Bitcoin in circulation today. A maximum of 21 million Bitcoins can only ever be issued. Now, as long as there is any cryptocurrency — to mine, it seems plausible that global concern will not only focus on the legitimacy of a currency that exists only online but also its power-guzzling systems, which will deficit in the future. Zimbabwe could easily turn into a crypto-miners paradise if only the power supply was reliable. At 9,86c per kWh, the country has some of the cheapest electricity rates anywhere in the world. The average electricity cost across southern Africa is 50 percent higher compared to the local rate.Q. Which of the following can be the concluding sentence of the passage?

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What does the "New Age 24×7 banking" theme of EASE 4.0 aspire to achieve?a)To ensure uninterrupted availability of banking servicesb)To introduce new age banking services like cryptocurrencyc)Establishing new PSBs in the financial marketd)To maximize synergies through collaboration between PSBS and broader financial services ecosystem for coordinated handling of co-originated loansCorrect answer is option 'A'. Can you explain this answer?

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What does the "New Age 24×7 banking" theme of EASE 4.0 aspire to achieve?a)To ensure uninterrupted availability of banking servicesb)To introduce new age banking services like cryptocurrencyc)Establishing new PSBs in the financial marketd)To maximize synergies through collaboration between PSBS and broader financial services ecosystem for coordinated handling of co-originated loansCorrect answer is option 'A'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about What does the "New Age 24×7 banking" theme of EASE 4.0 aspire to achieve?a)To ensure uninterrupted availability of banking servicesb)To introduce new age banking services like cryptocurrencyc)Establishing new PSBs in the financial marketd)To maximize synergies through collaboration between PSBS and broader financial services ecosystem for coordinated handling of co-originated loansCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does the "New Age 24×7 banking" theme of EASE 4.0 aspire to achieve?a)To ensure uninterrupted availability of banking servicesb)To introduce new age banking services like cryptocurrencyc)Establishing new PSBs in the financial marketd)To maximize synergies through collaboration between PSBS and broader financial services ecosystem for coordinated handling of co-originated loansCorrect answer is option 'A'. Can you explain this answer?.

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