IGNOU Solved Assignments Foundation Course in English for Computing

Question 1: Carefully read the text given below which contains about 400 words. Then using your own words as far as possible, summarize it in not more than 120 words. Finally, supply a title for your summary.

The new age banking driven by technology and smarter banks is changing the way Indians manage their money. For millions of users all over this vast country automated teller machines (ATMs) are proving to be a boon. The underlying message is ‘empowerment of customers’ who increasingly see ATM cards as a must have tool. Nothing illustrates this better than Karnataka Bank’s strategy of branding its ATM as a “Money Plant.”

For generations of Indians, used to stuffy old branches and union dominated service at banks, reforms in the way banks conduct their business, seems like an upheaval. The younger generation takes this change for granted. The focus now is to provide ‘easy banking’ at lower costs and right next to the consumers’ home or workplace. Initially, foreign banks and private Indian banks pushed the ATM edge. Now, public sector and co-operative banks have also caught on and are aggressively rolling out nation-wide ATM networks.

Significantly, the revolution is not just a big city feature. It is getting broad-based into smaller cities, towns and rural areas. Punjab National Bank Chairman and Managing Director S.S. Kohli says that ATMs are the manifestation of next generation banking. “It not only helps in reducing the workload on traditional branches and operational costs, but also makes banking more accessible for customers.”

Propelling the growth of ATMs are two factors: convenience for customer and better branding for the bank with the added benefit of lower cost of service. In terms of the cost per ATM, a full-fledged state-of-art machine that has multiple features and the surrounding infrastructure costs around Rs. 10 lakh. Lower end ATMs that do not support features like online change of passwords cost around Rs. 6 lakh to install. This money is easily recovered. As a leading banker puts it, it only needs 150 transactions per day over a spread of three years to recover the investment. In places, where the transactions are more –200 to 250 per day- most banks end up installing a second machine at a slightly lesser cost (some of the communication infrastructure is then shared). There is a significant cost benefit for the banks as ATMs play a significant role in driving down the transaction costs.

Ans:

ATM & ITS UTILITY

Now a days ATM are of immense help to customers because it provides services to its customers anytime and has been rightly called as “Money Plant” ATM are the welcome change the way banking transactions had been carried till date now it provides banking services at low cost with easy accessibility. Earlier foreign banks and private bank used it as advantage vis-à-vis public sector & co-operative banks but now a days even they are using it.

ATM are not only located in big cities but even smaller cities, town and rural area are getting broad-based facilities after going through the cost-benefit analyses of ATM the growth of ATM are due to two factor: Convenience for customers and better branding for bank.

Ans:

Computers as a source of Entertainment as well as amusement

Computers were initially invented and introduced in the markets mainly for scientific and arithmetic use. After few years with its help the purpose of education, research and academic search was done with the help of computers. In general people use computers because of its accurate working and skill full handling of work. Mistakes were avoided and large amount of work is done with less manpower; but also save money and provide more accuracy and perfection.

In the present scenario computers are widely used for entertainment purpose especially by children. Movies, songs, photos are being down loaded from different web sites and can be seen on the computers itself Slides, slide shows and computer games are being made on the computer it self. Mostly children are playing games on the computers to enhance their knowledge. With the help of software in graphics, the film industry have entered in a revolutionary age of drastic changes and producing excellent films. With the help of computer graphics only film like Jurassic Park etc. have been developed and have and an excellent response from the children. These graphics have eased out making animation films. Now a days, number of cartoon/animation films are being made on computers without loosing much time with the help of animation software’s. These films can be seen on the Television also. For introducing stunts in the films, computer graphics are being used.

A film made in Hindi language can also be dubbed in any language with the help of computers. A black and white film can also be converted in to coloured film with help of computers in the field of entertainment. This was not imagined by anybody that the computers can change the entire world to this extent. Now a days, entertainment is the prime need of all of us and without it life is mute.

With the help of computers number of facilities are available on internet like e-mail message, e-cash, e-ticketing, booking of hotel accommodations and much more. Everybody having the require details can do all the above things from his residence and there is no need to run here and there. It is also possible that in the near future there will be no paper work in offices. All the letters, drafts etc shall be exchanged through internet without wasting time. The way the work will be done much faster.

From the above, it is seem that in the today’s world computers are providing lot of entertainment to the people.