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The following sentences form a paragraph.They are numbered as P, Q, R and S. These four parts are not given in their proper order. Read the sentences and choose the alternative that arranges them in correct order.
P. It uses radio frequency identification (RFID) technology to make cashless payments through a prepaid account linked to it.
Q. The tag, which is valid for five years, comes in seven different colours — violet, orange, yellow, green, pink, blue, black. Each colour is assigned to a particular category of vehicles.
R. A FASTag is a reloadable tag that automatically deducts toll charges and allows a vehicle to pass through a toll gate without stopping for the payment.
S. The tag is fixed to the windscreen of a vehicle and an RFID antenna in the canopy of the toll gate scans the QR code and the tag identification number, following which the boom barrier lifts to allow a vehicle to pass through.?
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Two statements are followed by three Conclusions I, II and III. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the given conclusions can definitely be drawn from the given statements and indicate your answer accordingly.
Statements:
I. Fraud-hit Punjab National (PNB) today said it has no plans to close operations at its Brady House branch, the fountainhead of the Rs. 14,000 crore Nirav Modi scam.
II. Modi and his uncle Mehul Choksi, in connivance with certain bank officials, allegedly cheated PNB of about Rs. 14,000 crore through issuance of fraudulent Letters of Undertaking (LoUs).
Conclusions:
I. PNB's Brady House branch in Mumbai had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011. PNB has no plans to close operations in the Brady House branch in Mumbai.
II. Reallocation of some of the accounts is part of the regular restructuring process at PNB to strengthen internal systems and processes and centralize certain critical functions
III. With regards to provision made for the loss incurred on account of the Nirav Modi fraud, the bank provided Rs. 7,178 crore, 50 per cent of the total amount of Rs. 14,356 crore, in the fourth quarter of 2017-18. The remaining amount will be covered in the three quarters of the current fiscal year.?
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