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Central Bank Apprentice Mock Test - 9 - Bank Exams MCQ


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30 Questions MCQ Test Mock Test Series for Central Bank Apprentice Exam 2024 - Central Bank Apprentice Mock Test - 9

Central Bank Apprentice Mock Test - 9 for Bank Exams 2024 is part of Mock Test Series for Central Bank Apprentice Exam 2024 preparation. The Central Bank Apprentice Mock Test - 9 questions and answers have been prepared according to the Bank Exams exam syllabus.The Central Bank Apprentice Mock Test - 9 MCQs are made for Bank Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Central Bank Apprentice Mock Test - 9 below.
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Central Bank Apprentice Mock Test - 9 - Question 1

Three numbers 5, p and 10 are in Harmonic progression if p = ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 1

Concept: 

Three numbers x, y, and z are in H.P if and only if y 

Calculation:

Given: Three numbers 5, p and 10 are in Harmonic progression

Now, According to the concept used

Central Bank Apprentice Mock Test - 9 - Question 2

Directions : What will come in place of question mark (?) in the following series?

77      82      ?      134      181      242

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 2


Hence, Option C is correct.

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Central Bank Apprentice Mock Test - 9 - Question 3

Study the following table and answer the questions based on it.

Q. The ratio between the total expenditure on Taxes for all the years and the total expenditure on Fuel and Transport for all the years respectively is approximately?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 3

Required ratio

Central Bank Apprentice Mock Test - 9 - Question 4

Direction: Study the following information carefully and answer the given questions.

The following is an example of input and its reconstruction.

(All numbers are two/three-digit numbers)

Input: Waste 18 worts young 06 Best 41 covered 64 House 100 88

Step 1 : Best waste 18 worst young 0641 covered 63 house 100 88

Step 2: Best 06 waste 18 worst young 41 covered 63 House 100 88

Step 3: Best 06 covered waste 18 worst young 41 63 Hose 100 88

Step 4: Best 06 covered 18 waste worst young 41 63 House 100 88

Step 5: Best 06 Covered 18 house waste worst young 41 63 House 100 88

Step 6: Best 06 covered 18 House 41 waste worst young 63 100 88

Step 7: Best 06 covered 18 House 41 waste 63 worst young 100 88
Step 8: Best 06 covered 18 House 41 waste 63 worst 88 young 100

Q. According to the rules followed in the above steps, find the word/number from the left to the sixth position in step 5 for the input given below.

Input: Near 55 Pound 85 15 Tallest 01 push gold 42

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 4

The pattern followed is,

The words are arranged in alphabetical order in each alternate step (Step I, Step III, etc).

The numbers are arranged in ascending order from left to right in each alternate step (Step II, step IV, etc ).

Input: Near 55 Pound 85 15 Tallest 01 Push Gold 42

Step 1: Gold Near 55 Pound 85 15 Tallest 01 Push 42

Step 2: Gold 01 Near 55 Pound 85 15 Tallest Push 42

Step 3: Gold 01 Near 15 55 Pound 85 Tallest Push 42

Step 4: Gold 01 Near 15 Pound 55 85 Tallest Push 42

Step 5: Gold 01 Near 15 Pound 42 55 85 Tallest Push

Step 6: Gold 01 Near 15 Pound 42 Push 55 85 Tallest

Step 7: Gold 01 Near 15 Pound 42 Push 55 Tallest 85

42 is left to the sixth position in step 5 for the input given below.

Hence, 42 is the correct answer.

Central Bank Apprentice Mock Test - 9 - Question 5

Direction: Read the given instructions carefully and answer the questions given beside.

The conclusion H < D is definitely followed by which of the following statements?
I. C = X ≤ D ≥ R
II. R > Z = O > H

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 5

From Statement 1:

C = X ≤ D ≥ R

From the statement, the conclusion H < D is not followed because H is absent.

From Statement 2:

R > Z = O > H

From the statement, the conclusion H < D is not followed because D is absent.

From Statement1 and Statement2:

We have, C = X ≤ D ≥ R > Z = O > H

From the statement, H < O = Z < R ≤ D, the conclusion H < D is followed.

Hence option D is correct.

Central Bank Apprentice Mock Test - 9 - Question 6

Direction: Study the following information carefully and answer the given questions.
Among five friends, each got a different % of marks in the examination. Poonam scored more than Ben but less than AjayAjay scored 70% marks. Shreya scored less marks than only Kim. The one who scored the minimum marks scored 65% marks and the one who scored the highest, scored 87% marks.

Q.Who is the most likely to have scored 82% marks?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 6

From the given above question , we can say that
When arranged according to marks Kim (87%) > Shreya > Ajay (70%) > Poonam > Ben (65%)
From above we can see that Shreya is the most likely to have scored 82% marks .

Central Bank Apprentice Mock Test - 9 - Question 7

Direction: Read the following passage carefully and answer the questions. Your answer to these questions should be based on passage only.
PM's offensive and pompous reply verged on the preposterous. It is not only in consonance with certain facts, but is also wholly out of keeping with disappointment for them that a government and people noted for their high culture and politeness should have committed this serious lapse and should have addressed the GOI in a language which is discourteous and unbecoming, even if it were addressed to a hostile country. Since it is addressed to a country that is referred as friendly, this can only be considered as an act of forgetfulness. The GOI realizes that the system of government in China is different from that prevailing in India. It is the right of the Chinese people to have a government of their choice, and no one else has a right to interfere

Q. How was PM's reply?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 7

PM being pompous, replied in an absurd manner.

Central Bank Apprentice Mock Test - 9 - Question 8

Direction: Read the following passage carefully and answer the questions. Your answer to these questions should be based on passage only.
PM's offensive and pompous reply verged on the preposterous. It is not only in consonance with certain facts, but is also wholly out of keeping with disappointment for them that a government and people noted for their high culture and politeness should have committed this serious lapse and should have addressed the GOI in a language which is discourteous and unbecoming, even if it were addressed to a hostile country. Since it is addressed to a country that is referred as friendly, this can only be considered as an act of forgetfulness. The GOI realizes that the system of government in China is different from that prevailing in India. It is the right of the Chinese people to have a government of their choice, and no one else has a right to interfere

Q. What is the difference in the system of the Government of China and India?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 8

China has the government of their people's choice and has a right to interfere as india has got a government of its own choice and nobody has a right to interfere.

Central Bank Apprentice Mock Test - 9 - Question 9

Bluetooth technology allows

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 9

Bluetooth is a wireless technology that allows the exchange of data within a short distance.

Central Bank Apprentice Mock Test - 9 - Question 10

What does VPN stand for?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 10

VPN is a secure and encrypted connection that allows users to access a private network over a public network, such as the internet. It enhances security and privacy while transmitting data over the internet.

Central Bank Apprentice Mock Test - 9 - Question 11

What is the primary requirement to open any NRI account ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 11

The primary requirement to open any NRI account is to submit a passport copy. This document serves as a crucial form of identification for Non-Resident Indians when opening accounts in India. It helps verify the individual's identity and residency status, ensuring compliance with banking regulations and procedures.

Central Bank Apprentice Mock Test - 9 - Question 12

How is a signature typically verified in an NRI account opening form ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 12

In the context of opening an NRI account, the signature in the account opening form is commonly verified by a notary public. A notary public plays a crucial role in certifying the authenticity of signatures on legal documents, including those related to banking procedures for Non-Resident Indians.

Central Bank Apprentice Mock Test - 9 - Question 13

Which of the following types of accounts can a Non-Resident Indian (NRI) usually open ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 13

Non-Resident Indians (NRIs) typically have the option to open various types of accounts, including Fixed Deposits in Indian Rupees. These accounts allow NRIs to deposit funds in Indian currency for fixed periods, earning interest on their investments. It provides an avenue for NRIs to save and grow their funds in the Indian financial system.

Central Bank Apprentice Mock Test - 9 - Question 14
What documents must banks examine to verify that a company is incorporated and permitted to do business?
Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 14
Banks need to examine the Certificate of Incorporation and Certificate of Commencement of Business to ascertain that a company is legally incorporated and authorized to conduct business activities. These documents serve as conclusive proof of the company's legal status and permission to operate. It ensures that the company is compliant with the necessary regulatory requirements for conducting business.
Central Bank Apprentice Mock Test - 9 - Question 15
Who is considered a resident in India under the Foreign Exchange Management Act?
Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 15
A resident in India, as per the Foreign Exchange Management Act, is defined as an individual who resides in India for more than 182 days during the preceding financial year. This criteria excludes certain circumstances like employment or business purposes outside India, emphasizing the determination of tax residency and regulatory compliance.
Central Bank Apprentice Mock Test - 9 - Question 16
How has the Electronic Clearing Service (ECS) Credit evolved over time in India?
Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 16
Over time, the Electronic Clearing Service (ECS) Credit has transformed into one of the most convenient methods for making large payments in India. Originally designed for bulk payments like salaries, dividends, or commissions, it has gained popularity due to its efficiency and reliability in processing substantial financial transactions on a timely basis.
Central Bank Apprentice Mock Test - 9 - Question 17

What happens if a term deposit is renewed after 14 days from the date of maturity ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 17

If a term deposit is renewed after 14 days from the date of maturity, it will be renewed from the date of maturity for the period requested applying the rate of interest ruling on the date of maturity or on the date of renewal, whichever is lower. This process ensures that the renewed deposit reflects the prevailing interest rate at the time of renewal.

Central Bank Apprentice Mock Test - 9 - Question 18
How is the interest on FCNR deposits calculated and paid?
Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 18
The interest on FCNR deposits is calculated and paid differently based on the deposit period. For deposits up to one year, the interest is paid at the applicable rate without any compounding effect. For deposits exceeding one year, the interest is paid at intervals of 180 days each and thereafter for the remaining actual number of days.
Central Bank Apprentice Mock Test - 9 - Question 19

What is the primary business activity of a bank ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 19

The primary business activity of a bank includes receiving deposits of money, lending money, and processing transactions. This core function distinguishes banks from other financial institutions and forms the basis of their operations.

Central Bank Apprentice Mock Test - 9 - Question 20
What is the minimum amount that can be transferred via RTGS (Real Time Gross Settlement)?
Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 20
The minimum amount that can be transferred via RTGS is Rs. 2,00,000. RTGS is typically used for high-value transactions, and there is no maximum limit for RTGS transactions. This system ensures real-time fund transfer without any settlement risk.
Central Bank Apprentice Mock Test - 9 - Question 21
How has NEFT transaction timing changed according to the Reserve Bank of India (RBI)?
Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 21
The RBI has regularized NEFT transactions to be available 24x7 on all days of the year, including holidays. Previously, NEFT transactions were limited to specific hours on weekdays. This change allows individuals to initiate NEFT transactions at any time, providing increased accessibility and efficiency in fund transfers.
Central Bank Apprentice Mock Test - 9 - Question 22
What is the upper limit on the amount that can be transferred via NEFT?
Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 22
There is no upper limit on the amount that can be transferred via NEFT. Users can transfer funds of any value using the NEFT system, making it suitable for both small and large transactions. This flexibility in transaction amount contributes to the widespread adoption of NEFT for fund transfers across different financial requirements.
Central Bank Apprentice Mock Test - 9 - Question 23

What is the maximum transfer value for NEFT transactions ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 23

The maximum transfer value for NEFT transactions has no limit. This means that individuals can transfer funds using NEFT without being restricted by a specific upper cap. This flexibility in transfer amounts makes NEFT a widely used method for various transaction sizes.

Central Bank Apprentice Mock Test - 9 - Question 24

What are the charges applicable to a fund transfer of more than Rs. 2 Lakh, excluding GST ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 24

When transferring amounts exceeding Rs. 2 Lakh, the applicable charge, excluding GST, is Rs. 25. This fee structure is important for remitters to consider when conducting high-value transactions, ensuring transparency and understanding of associated costs.

Central Bank Apprentice Mock Test - 9 - Question 25

Which payment option allows for both online and offline transactions ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 25

Among the options provided, NEFT allows for both online and offline transactions, offering users the flexibility to transfer funds through various channels according to their convenience. This dual functionality makes NEFT a versatile payment option for individuals and businesses alike.

Central Bank Apprentice Mock Test - 9 - Question 26

What is the maximum transfer value for RTGS transactions ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 26

RTGS transactions have a maximum transfer value of Rs. 2 Lakh, as highlighted in the comparison. This feature positions RTGS as a suitable choice for high-value transactions that require immediate settlement, offering a reliable and efficient payment solution for large sums of money.

Central Bank Apprentice Mock Test - 9 - Question 27

What is the primary purpose of the National Electronic Clearing Service (NECS) ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 27

The National Electronic Clearing Service (NECS) is designed to offer round-the-clock availability for transaction services. This feature ensures that individuals can initiate transactions at any time, providing a convenient and efficient way to manage funds without being restricted by banking hours.

Central Bank Apprentice Mock Test - 9 - Question 28
What is the main purpose of the Payment and Settlement Systems Act, 2007 in India?
Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 28
The Payment and Settlement Systems Act, 2007 in India primarily focuses on managing financial transactions within the country. This legislation ensures the smooth functioning and regulation of payment and settlement systems, overseen by the Reserve Bank of India and the Board for Regulation and Supervision of Payment and Settlement Systems.
Central Bank Apprentice Mock Test - 9 - Question 29
What is the Electronic Clearing Service (ECS) Credit primarily used for in India?
Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 29
The Electronic Clearing Service (ECS) Credit in India is mainly utilized for facilitating large-value or bulk payments. It is commonly employed for transactions such as paying salaries, dividends, or commissions, where the receiver's account is credited with the payment from the institution making the payment. This method ensures timely and efficient processing of substantial financial transactions.
Central Bank Apprentice Mock Test - 9 - Question 30

How can Government Securities (G-Secs) be held ?

Detailed Solution for Central Bank Apprentice Mock Test - 9 - Question 30

Government Securities (G-Secs) can be held by investors either as physical stock certificates or in dematerialized (demat/electronic) form, as per the information provided. Holding them in physical form involves stock certificates, while holding them in dematerialized form offers convenience and safety, eliminating custody-related issues. This dual holding method provides investors with flexibility and security in managing their securities.

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