IRDAI Assistant Manager Mock Test - 5 - Insurance Exams MCQ

From the given statements we have: D > S ≤ T < J = M > V

D > S ≤ T < J

Since we have both "≤" and ">" in the equation, we cant establish the relation between D and J. So, J < D is False.

S ≤ T < J

From this we have, S < J to be True.

The age as on 5^th June 2018 will be:

• R was 20 years elder to W
• Nobody was born between R and V

W was not the youngest person and P was not the eldest person, thus, case 2 is invalid.

• Difference between the age of P and W was twice as that of the difference between the age of V and S

• Only 2 persons were born between T and U. T was elder to U. Thus, case 1 becomes invalid.

The final table is as follows:

Q was 3 years elder to S

The given number and the new number are,

Hence, the sum = 4 + 9 = 13

Here, one word & one number are rearranged in each step.

Words logic: Word which has the least numbers of alphabets is taken first.

Number logic: The smallest number is taken & 2 is added to it. The numbers are taken in ascending order.

In step 1: The smallest number is taken & 2 is added to it & is placed at the first position & the word with the least number of letters is taken & placed at the last position.

In step 2: The second smallest number is taken & 2 is added to it & is placed at the last position & the word with the second least number of letters is taken & placed at the first position.

In step 3: The third smallest number is taken & 2 is added to it & is placed at the first position & the word with the third least number of letters is taken & placed at the last position & so on.

INPUT: 24 writ 54 change 98 going 87 environment 71 alphabetically

Step 1: 26 54 change 98 going 87 environment 71 alphabetically writ

Step 2: going 26 change 98 87 environment 71 alphabetically writ 56

Step 3: 73 going 26 98 87 environment alphabetically writ 56 change

Step 4: environment 73 going 26 98 alphabetically writ 56 change 89

Step 5: 100 environment 73 going 26 writ 56 change 89 alphabetically

Step 5: 100 environment 73 going 26 writ 56 change 89 alphabetically

Required sum = 26 + 56 = 82

We have:

"Made Same Better Food Menu" -------- "xm zx fd ed gm".

"Same Food Price Value Least" -------- "pj vd gm fd rf".

"Better Sale Made Least Effort" -------- "ot md ed xm vd".

"Same Change Keep Price Least" -------- "fd vd ls nu rf".

"Change Menu Price Effort Sale" -------- "ls zx rf md ot".

We can decode above statements as follow:

"Made Same Better Food Menu" -------- "xm zx fd ed gm".

"Same Food Price Value Least" -------- "pj vd gm fd rf".

"Better Sale Made Least Effort" -------- "ot md ed xm vd".

From above given three statements we have:

Made/Better ® xm/ed (not necessary in same order)

Same/Food ® fd/gm (not necessary in same order)

Menu ® zx

Least ® vd

Price/Value ® pj/rf (not necessary in same order)

Sale/Effort ® ot/md (not necessary in same order)

After combining above results with remaining statements we have:

Made/Better ® xm/ed (not necessary in same order)

Same/Food ® fd/gm (not necessary in same order)

Menu ® zx

Least ® vd

Price/Value ® pj/rf (not necessary in same order)

Sale/Effort ® ot/md (not necessary in same order)

"Same Change Keep Price Least" -------- "fd vd ls nu rf".

"Change Menu Price Effort Sale" -------- "ls zx rf md ot".

After decoding above statements we have:

Menu ® zx

Least ® vd

Same ® fd

Food ® gm

Price ® rf

Value ® pj

Change ® ls

Keep ® nu

Made/Better ® xm/ed (not necessary in same order)

Sale/Effort ® ot/md (mot necessary in same order)

We have:

Food ® gm

Price ® rf

Hence, option (C) is correct choice.

• The number of persons who solved more questions than R was twice as that of the number of persons who solved more questions than U

• P solved more questions than Q but less than that solved by R

• T solved more questions than P, but did not solve the maximum number of questions

R>P>Q; T>P

Thus, 2^nd arrangement becomes invalid as at least 2 persons solved lesser number of questions than R

• The one who solved the 2^nd highest number of questions solved 57 questions

• The difference between the number of questions solved by P and U was 34

Thus, the final sequence will be as follows:

Two persons solved lesser number of questions than that solved by T

Then Pakhi takes two consecutive right turns of 3km and 6km respectively.

Pakhi is facing the West direction now.

INDISTINGUISHABLE

The 3^rd, 4^th, 6^th, 9^th, 13^th, 16^th and 17^th letters(from left end) of the word 'INDISTINGUISHABLE -

A seven-letter meaningful English word starting with the letter 'D' - DELIGHT

The last letter of the word so formed is 'T'.

R is the Midfielder and his jersey number is 10.

Q's jersey number is a factor of R's jersey number.

Therefore, factors of 10 are 1, 2, 5 and 10.

Now,

The smallest number on a jersey is 5.

Hence, Q's jersey number is 5.

The Striker's jersey number is a multiple of the smallest odd prime number.

Thus, the jersey number is a multiple of 3.

And,

None of them have a jersey numbered more than 13.

The smallest number on a jersey is 5.

Hence, Striker's jersey number is 6 or 9 or 12.

Again,

Neither P nor S is the Striker.

The Goalkeeper has been assigned the highest numbered jersey which is one more than the jersey number of T.

Therefore, either 10 or 13.

But, 10 is already occupied by R.

So, the number on the jersey of the Goalkeeper is 13 and that of T is 12.

Now,

S is neither the Goalkeeper nor the Defender.

The jersey number of the Winger is a factor of 14.

That means it is either 1 or 2 or 7 or 14.

Now, 1, 2 and 14 cannot be the number as these violate the condition.

So, it is 7.

This is the final arrangement.
The jersey number of the Defender is 5.

Only options B & E can be considered for the 1^st blank as a group's expectations can be shifted in a great way or in a small way and none of the words in the rest of the options comprehends to this. Now, the latter is the correct option because the sentence says 'better results' which means the shifting must have occurred greatly to suffice it and hence 'profound' which means deep or immense will be correct fill-up.

The correct order to form a meaningful and coherent paragraph is ACBD. Sentence A serves as an introductory statement, setting the context by highlighting the significant impact of technological evolution on human life. Following the introduction of technological evolution, sentence C expands on the scope of this evolution, mentioning various areas it covers beyond just computers and the internet, including biotechnology, renewable energy, and space exploration. After establishing the broad scope of technological evolution, sentence B delves into one of its major outcomes - unprecedented connectivity among people globally. It explains how these advancements in connectivity have revolutionized the access, sharing, and utilisation of information. Sentence D concludes the paragraph by discussing the ongoing evolution of technology and its broader influence on industries, economies, and cultures. It emphasises that this continuous evolution presents both opportunities and challenges for society. In this logical progression, the paragraph begins by introducing the impact of technological evolution on human existence, expands on the various domains it encompasses, details the resultant unprecedented connectivity, and concludes by addressing the ongoing and wide-ranging effects of technology, thereby forming a coherent discussion on the influence of technological evolution. Hence, (b) is the correct answer.

Sentence C introduces the topic of eyes and change in them. The idea of change in them is carried forward in sentence A which says some of these diseases can be corrected with the use of spectacles. Sentence D beginning with 'but' presents a contrasting idea to the one mentioned in A. Sentence B concludes with the idea of early detection of eye diseases using advanced technologies. So, the correct order is- CADB.

The correct phrase is 'under the influence'. If you are under the influence of someone or something, you are being affected or controlled by them. 'Above', 'over' or 'beside' are incorrect prepositions with this phrase. The sentence is correct as it is. No correction is required. E is the right answer.

Only (II) is correct and the 2^nd last sentence of the 3^rd paragraph verifies it- "and the board was unanimous that a call will be taken on the advice of new fund managers and consultants to be appointed shortly". (I) is false because the passage talks about CBT approving the proposal to appoint a consultant for selection of portfolio managers, not for the evaluation of the performance of the fund managers. This is mentioned in the last sentence of paragraph 2. (III) is incorrect because in the 1^st sentence of the 2^nd paragraph, it is stated- "At present, in case of unemployment, a subscriber can withdraw his or her funds after two months of unemployment and settle the account in one go."

The passage informs us about the EPFO's new scheme about the withdrawal of the funds from their PF account in case of unemployment. All the rest of the pointers are just elaborating and sometimes extending this same line of thought. So, the passage follows the informative style of writing i.e., expository style of writing. Hence, the correct answer is option e). 'Cynical' = doubtful. 'Introspective' = self-examining/thoughtful.

The errors are in (B) & (D).

(B)- 'Is' should replace 'are' as the auxiliary verb is used to refer to the singular noun 'understanding'.

(D)- The adjective 'given' should replace the verb 'give' in order to modify the noun 'trait'. Option D is the correct answer.

The Ministry of Women and Child Development (MWCD) organized the "National Workshop on SANKALP: Hub for Empowerment of Women - Launch of the 100-Days Special Awareness Campaign" at Vigyan Bhavan, New Delhi. The workshop marks the commencement of a nationwide 100-days awareness campaign focused on women-centric issues, scheduled from 21st June to 4th October 2024. The one-day workshop featured sessions on legal provisions, communication strategies, and counselling techniques for grassroots functionaries of SANKALP: HEWs which are operational in 693 districts across India.

The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 1,50,000 on Sundaram Home Finance and Rs 3,10,000 on Belstar Microfinance for failing to comply with specific provisions of the Know Your Customer (KYC) directive, 2016. The RBI stated that Sundaram Home Finance failed to conduct periodic updates of KYC for certain customers within the prescribed time frame. Meanwhile, Belstar Microfinance outsourced decision-making functions of determining compliance with KYC norms to certain outsourced agents.

Department of Telecommunications(DoT has launched an initiative to support Micro, Small and Medium Enterprises along with Startups in Industry 4.0 transformation. It has called for proposals for 'Industry 4.0 Baseline Survey among MSMEs' that aligns with the broader vision of fostering digital transformation and preparing industries for the advent of 5G and 6G technologies. The survey will seek to cover five sectors each in North and Southern parts of India. The Department said that the key recommendations will form the platform for policy interventions to achieve the transformative adoption of Industry 4.0. Organizations and Startups were invited to submit proposals by 11 June to participate in this survey.

The Securities and Exchange Board of India (Sebi) on 6th June issued a warning to ICICI Bank for flouting norms during its outreach programme to the shareholders of broking firm ICICI Securities to vote in favour of the delisting. The market regulator has termed the outreach programme by ICICI Bank as 'inappropriate' and directed the bank to take action on its officials. Sebi also directed the bank to take action against the officials who violated guidelines and examine the investor complaints on Sebi's 'Scores' portal. The market watchdog also pointed out that the claim of providing 'balanced factual' perspective does not stand as ICICI Bank is a promoter with over 74 % shareholding and the interested party in ICICI Securities' delisting.

In the Regular Union Budget of Financial Year (FY) 2024-25, the Ministry of Defence (MoD) has been allocated Rs 6,21,940.85 crore (approx. US $75 Billion), the highest among the Ministries. While maintaining the allocation made to MoD during the interim budget, the Government has made an additional allocation to the tune of Rs 400 crore on innovation in defence, through the Acing Development of Innovative Technologies with iDEX (ADITI) scheme. Modernisation of the forces at the centre- Budgetary allocation under capital head to the Defence Forces for FY 2024-25 is Rs1.72 lakh crore, which is 20.33% higher than the actual expenditure of FY 2022-23 and 9.40% more than the Revised Allocation of FY 2023-24. Total budgetary allocation on account of defence pensions is Rs 1,41,205 crore which is 2.17% higher than the allocation made during 2023-24. The Government has increased the allocation on innovation in defence through iDEX from Rs 115 crore during FY 2023-24 to Rs 518 crore in the current fiscal year, which will boost start-ups/MSMEs/innovators.

Insurance behemoth Life Insurance Corporation of India (LIC) presented the Central Government with a dividend cheque for Rs. 3,662.17 crore. The dividend cheque was handed over to Union Finance and Corporate Affairs Minister Nirmala Sitharaman by Siddhartha Mohanty, MD & CEO of the life insurance major. LIC shareholders approved the final dividend of Rs. 6 per share for 2023-24 on August 22. In 2022-23, LIC paid a final dividend of Rs. 3 per share. In March this year, the insurance behemoth had paid an interim dividend of Rs. 2441.45 Crores, taking the total dividend payout to Centre for 2023-24 to Rs. 6,103.62 crores. Currently, the Centre has a majority stake of 96.5 percent in LIC. As of the end of March 2024, LIC had an asset base of over Rs. 52.85 lakh crore. It continues to be the market leader in the Indian life insurance sector.

Airtel Payments Bank has announced the launch of Face Match, a new security feature designed to protect customer accounts from fraudulent activities. This feature utilises advanced machine learning algorithms to assess potential threats and activate facial recognition verification when necessary. Face Match works by analysing various factors, including user behaviour, transaction patterns, location data, historical information, and device signals. If a user's activity triggers a predetermined threat score, Face Match is activated, requiring the user to verify their identity through a selfie. This feature addresses the growing concerns around digital banking security, particularly in relation to conduit account fraud, account takeovers, and money laundering. Airtel Payments Bank's proactive approach aims to provide a secure and trustworthy banking environment for its customers. Upon activation, users receive a notification prompting them to complete a quick verification through the Airtel Thanks app. The selfie is then compared to the photo taken during the account onboarding process using facial recognition technology and liveliness checks. A successful match allows the transaction to proceed.

Mankind Pharma has entered into a definitive agreement to acquire a 100 percent stake in Bharat Serums and Vaccines (BSV) from private equity firm Advent International for an enterprise value of Rs 13,630 crore. The company was set up in 1971 with Vinod Daftary opening a blood bank and eventually launching an injectable for expecting mothers.

Logic for the above series is:
462 - 18 = 444
444 - 36 = 408
408 - 54 = 354
354 - 72 = 282
282 - 90 = 192
Hence, the missing term is 354.

The sum of weight of Anu, Manu and Sheela is 252 kg.

New average weight of Anu, Manu, Sheela and Ritu = 252/3 * (1 - 4(16/21)%) = 80 kg

Ritu's weight = 4 X 80 - 3 X 84 = 320 - 252 = 68 kg

Mitu's s weight = 68 + 3 = 71 kg

Now, weight of Anu, Manu, Sheela and Ritu = 4 X 80 = 320 kg

And weight of Manu, Sheela, Ritu, and Mitu= 78 X 4 = 312 kg

Since Mitu replaces Anu, Anu's weight is 8 kg more than Mitu's weight.

So, Anu's weight = 71 + 8 = 79 kg

Required % = 79/71 * 100 = 111.26% ≅ 111%

With path :

Breadth becomes = 45 + 3 * 2 = 51 meters

Length becomes = 60 + 5 * 2 = 70 meters

Area of the path = 70 * 51 - 60 * 45 = 870 m²

Cost = 870 * 30 = Rs. 26100

Let A and B is 16m and 21m respectively.

Product of A and B = 5376

16m * 21m = 5376

m² = 16

m = 4

Sum of A and B together = (16 + 21)*4 = 148

Value of C = 148*35/37 = 140

13.91 + 17.02 X 19.99 - 18.01 =? X 26.95 + 12.03

14 + 17 X 20 - 18 =? X 27 + 12

14 + 340 - 18 =? X 27 + 12

336 =? X 27 + 12

? X 27 = 336 - 12

? = 324/27

? = 12

Pattern of the series -

128 + 32 = 160

160 - 40 = 120

120 + 48 = 168

168 - 56 = 112

112 + 64 = 176

112 is the missing term in the series.