Questions are based on the following passage. Marketplace or peer-t-考呗网题库移动版

单选题
Questions are based on the following passage.
Marketplace or peer-to-peer (P2P) lending matches borrowers and lenders on low-cost online platforms．By skirting banks, P2P lending allows borrower and lender alike to achieve better rates of interest．Essentially, P2P lending is a way of capitalizing on the network effect of social media and the
volumes of data generated therein to allow cheaper access to capital.
According to Liberum, P2P lending in the U．K．will grow at 98 percent year-on-year in 2015, with 3.5 billion presently lent out．Worldwide in 2015, it's estimated that $77 billion will be lent via P2P platforms-- $60 billion China, $12 billion U.S.A．and $5 billion U．K．Morgan Stanley's Huw Steenis says, "While marketplace lending is still about 1 percent of unsecured consumer and SME lending in the U．S．, we think it can reach approximately 10 percent by 2020..．We forecast the global market to grow to $150 - $490 billion by 2020．" As Liberum's Cormac Leech says, "We are witnessing the biggest changes to the banldng sector for 400 years．"
P2P lending offers huge opportunities, mainly at the expense of banks, whose biggest margins are traditionally in unsecured lending．Herein is the layer of fat P2P platforms are guzzling, picking off the banks' best customers． P2P platforms have also proved superior at harvesting and managing big data, and have lower cost bases than banks.
A significant development is that institutional money is now alighting． The largest quoted institutional P2P lender, P2P Global Investment PLC, floated in London last year．It has raised nearly~500m and aims to double that this year．As a reward for lofting "transformational" amounts of cash on to various platforms, P2P Global has been accumulating warrants and options on their equity, notably Ratesetter, Zopa, Direct Money and Lending Works.
In a twist to this development, Neil Woodford, Britain's most famous fund manager, recently upped his stake in P2P Global．Last August Woodford sold out of HSBC, fearing "fine inflation"．This seems a ringing endorsement of this disruptive but nascent (初期的) sector.
Perhaps most significantly, in May this year, Zopa, the P2P platform, announced its debut in secured (most P2P lending is unsecureD．lending by collaborating with Uber．Uber drivers in U．K．will be able to borrow via Zopa to buy their cars, with loans secured against the cars themselves.Of course, the sector presents risks．The credit dry-up when interest rates rise．A P2P platform
may go bust．But some investors, refugees from the banking sector perhaps, will simply like the idea of being on the right side of regulatory and techi~ological upheaval (突变)．And when the banks finally understand, how will they react? Who knows? So far, none of them have.
Liberum's data quoted in Paragraph :Two indicate that_______.

A．I>2P platform offers huge opportunities for banks
B．P2P lending attracts the old customers of banks
C．P2P has seized most share of the financial market
D．P2P lending has been experiencing fast booming

参考答案D

解析:
全文翻译
集市借贷或称 “人人贷”(P2P)借贷以低成本的在线平台联接借贷双方。由于撇开了银行，“人人贷”让借贷双方都能赢得更优惠的利息。从根本上讲，“人人贷”借贷是一种利用社会媒体和从中产生的批量数据的网络效应而以更低廉的方式获得资本。
(61．1)据利博兰经济公司所说， “人人贷”借贷在英国的年度增长在2015年将达到98％，目前贷出款额达到了35亿英镑。而2015年在全世界范围内通过“人人贷”借贷平台贷出的款额预计将达到770亿美元，其中中国600亿美元．美国120亿美元，英国50亿美元。摩根士丹利的休·斯蒂尼斯说：“尽管集市借贷在美国仅拥有1％的无担保客户和中小型企业贷款，我们认为到2020年最大可能会达到l0％……我们预计全球市场到2020年将增至l500亿至4900亿美元。”(61-2)正如利博兰的科马克·利奇所说：“我们正在见证400年来银行界最大的变化。”
“人人贷”借贷提供了巨大的机会，主要是以牺牲银行利益为代价的，而银行传统上最大的利润就是在无担保借贷上。这就是“人人贷”借贷平台大肆掠食的层面，劫走了银行最好的客户：“人人贷”借贷平台还被证实在收益和管理海量数据方面更为优越，并且比银行的成本基点更低。
一个重要的变化是集团资金的出现。(62)“人人贷”借贷出价最高的集团借贷方，“人人贷”环球投资公亘 PLC去年在伦敦上市。它已经筹集了5亿英镑资金，今年的目标是翻番。作为为各平台聚集“可转化”资金的回报，“人人贷”环球已经获取了知名的瑞赛特、佐帕、直钱和借贷工程的担保和普通股选择权。
作为发展中的插曲，英国最著名的基金经理尼尔·伍德福德最近增持了“人人贷”环球的股份份额。去年八月，伍德福德因担心出现“微量通货膨胀”而售出了全部汇丰银行的股份。这似乎是在表示支持这种分散的新生模式。 (63)而最重要的可能是，今年五月，“人人贷”借贷平台佐帕宣布与优步合作首次介入担保贷款(大多数“人人贷”借贷是无担保的)。英国的优步司机可以通过佐帕借款购买汽车，只要用车辆本身作担保即可。
(64．1)当然，这个模式会带来风险。当利息提高时，信贷源就会干涸。 “人人贷”借贷平台可能会遭到破坏。但是，一些可能从银行部分逃难来的投资人会很喜欢超越法规和技术剧变的主意。(64—2）而当银行最终反应过来之后。他们将会如何应对?谁知道呢?目前看来，还没有一个银行有所反应。
定位：由题干中的Liberum’S data和Paragraph Two可定位至文章第二段前两句：According to Liberum．P2P lending in the U．K．will grow at 98 percent year．on—year in 2015，with￡3．5 billion presently leut out．Worldwide in 2015．it’S estimated that$77 billion wiu be leut via P2P platforms-- $60 billidn China．$12 billion U．S．A．and$5 billion U．K．和该段最后一句：As Liberum’S Cormac Leech says，“We are witnessing the biggest changes to the banking sector for 400 years．”
详解：推理判断题。定位句分别是利博兰经济公司对“人人贷”借贷在2015年年度增长的预估数据和2015年“人人贷”借贷在各主要经济大国的预估借贷数据，本段最后一句还说，我们正在见证400年来银行界最大的变化，可见，这些数据是在显示“人人贷”借贷这个新兴金融板块的快速发展，故答案为 D.。A.“‘人人贷’借贷平台为银行提供了大量的机会”，这些数据并没有提到“人人贷”借贷与银行的关系，而从后文我们也可了解到这两者之间为竞争关系，故可排除；B.“‘人人贷’借贷吸引了银行的老客户”，本段的数据中并没有显示“人人贷”借贷与银行之间进行竞争，故可排除；C.“‘人人贷’借贷抢占了大部分金融市场”，数据只显示了“人人贷”借贷自身的发展，并没有比较它和传统银行业的市场份额，故可排除。

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单选题
What can we learn about P2P Global Investment PLC?

A．It is the largest investment company in London.
B．It has been raising huge fund for P2 P lending.
C．It has combined with a few famous companies.
D．It has a well-known economist as its manager.

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单选题
The cooperation between Zopa and Uber has_________.

A．created a new way of P2P lending
B．helped drivers to buy their new cars
C．raised the P2P lending interest rates
D．posed risks for other P2P companies

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单选题
What is the author's attitude towards the future of P2P lending?

A．Pessimistic.
B．Optimistic.
C．Walt-and-see.
D．Indifferent.

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