NABARD Assistant Manager Grade 'A' Mock Test - 10 - Bank Exams MCQ

If all cats are dogs, and some dogs are mice, which of the following statements is necessarily true?

Directions: Study the following information carefully and answer the question that follows:

Eight people playing cards are sitting around a round table. They are from eight different cities – Delhi, Mumbai, Dehradun, Kolkata, Jaipur, Bhubaneswar, Bhopal, and Chennai. Four of them are facing outward and four are facing inward.

The person from Delhi faces outward and sits at the immediate left of the person from Mumbai who faces outward. The person sitting third to the right of the person from Mumbai comes from Bhopal and faces the same direction as him. The person sitting adjacent to the person from Delhi and the person from Jaipur comes from Kolkata and faces outward. The person sitting at the immediate right of the person from Bhopal comes from Bhubaneswar. The person between the person from Bhopal and the person from Chennai come from Dehradun.

Q. Who sits adjacent to the person from Mumbai and the person from Dehradun?

In each of the questions below are given statements followed by conclusions numbered. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of given conclusions logically follows from the given statements disregarding commonly known facts.

Statements: All Doctor is Engineer.

Only few Engineer is Poet.

Only few Poet is Manager.

No Manager is Banker.

Conclusions:

I. Some Poet not being Manager is a possibility.

II. Some Doctor is Poet.

III. Some Engineer being Banker is a possibility.

Directions: Study the following information carefully and answer the question that follows:

Eight people playing cards are sitting around a round table. They are from eight different cities – Delhi, Mumbai, Dehradun, Kolkata, Jaipur, Bhubaneswar, Bhopal, and Chennai. Four of them are facing outward and four are facing inward.

The person from Delhi faces outward and sits at the immediate left of the person from Mumbai who faces outward. The person sitting third to the right of the person from Mumbai comes from Bhopal and faces the same direction as him. The person sitting adjacent to the person from Delhi and the person from Jaipur comes from Kolkata and faces outward. The person sitting at the immediate right of the person from Bhopal comes from Bhubaneswar. The person between the person from Bhopal and the person from Chennai come from Dehradun.

Q. Who sits at the immediate left of the person from Bhubaneswar?

Study the information and answer the following questions:

In a certain code language

‘attempt the to test’ is written as ‘ vx ts rf wq ’,

‘Based and attempt quiz’ is written as ‘ bn ly vx uc ’,

‘quiz to Various solve’ is written as ‘ wq kp fg ly’,

‘solve topics the online’ is written as ‘mu rf ql kp ’,

Q. What is the code for ‘test’ in the given code language?

Directions: Study the following information carefully and answer the questions following it.

Eight leaders Narendra Modi, Imran Khan, Ashraf Ghani, Lotay Tshering, K P Oli, Xi Jinping, Mahinda Rajapakshe and Aung San Suu Kyi are sitting in a row. Four leaders are facing north and four learders are facing south. The leaders sitting at the end of the row are facing opposite direction (that is if one leader is facing south then the other leader will be facing north and vice versa).

There are four leaders sitting between Mahinda Rajapakshe and Lotay Tshering and both of them are facing the same direction and neither of them are sitting at the extreme end of the row. Imran Khan who is facing south is sitting to the immediate right of Mahinda Rajapakshe. K P Oli who is facing south is sitting to the immediate left of Lotay Tshering. Two leaders are sitting between Ashraf Ghani and Mahinda Rajapakshe and Ashraf Ghani is facing direction opposite to Mahinda Rajapakshe. Three leaders are sitting between Narendra Modi and Aung San Su Kyi and Narendra Modi is not the immediate neighbour of Imran Khan and Ashraf Ghani. The immediate neighbours of Ashraf Ghani are facing opposite direction (that is if one leader is facing south the other leader will be facing north and vice versa). Imran Khan is sitting second to the right of Xi Jinping.

Q. Who is sitting second to the right of Mahinda Rajapakshe?

Study the information and answer the following questions:

In a certain code language

‘attempt the to test’ is written as ‘ vx ts rf wq ’,

‘Based and attempt quiz’ is written as ‘ bn ly vx uc ’,

‘quiz to Various solve’ is written as ‘ wq kp fg ly’,

‘solve topics the online’ is written as ‘mu rf ql kp ’,

Q. What is the code for ‘Various’ in the given code language?

Directions: Study the following information carefully and answer the questions following it.

Eight leaders Narendra Modi, Imran Khan, Ashraf Ghani, Lotay Tshering, K P Oli, Xi Jinping, Mahinda Rajapakshe and Aung San Suu Kyi are sitting in a row. Four leaders are facing north and four learders are facing south. The leaders sitting at the end of the row are facing opposite direction (that is if one leader is facing south then the other leader will be facing north and vice versa).

There are four leaders sitting between Mahinda Rajapakshe and Lotay Tshering and both of them are facing the same direction and neither of them are sitting at the extreme end of the row. Imran Khan who is facing south is sitting to the immediate right of Mahinda Rajapakshe. K P Oli who is facing south is sitting to the immediate left of Lotay Tshering. Two leaders are sitting between Ashraf Ghani and Mahinda Rajapakshe and Ashraf Ghani is facing direction opposite to Mahinda Rajapakshe. Three leaders are sitting between Narendra Modi and Aung San Su Kyi and Narendra Modi is not the immediate neighbour of Imran Khan and Ashraf Ghani. The immediate neighbours of Ashraf Ghani are facing opposite direction (that is if one leader is facing south the other leader will be facing north and vice versa). Imran Khan is sitting second to the right of Xi Jinping.

Q. Who is sitting third to the right of Aung San Su Kyi?

Study the following information carefully and answer the given question.

Eight people, viz P, Q, R, S, T, U, V, and W are sitting in a straight line facing North. Each of them belongs to different cities, viz Patna, Ranchi, Kanpur, Lucknow, Goa, Manali, Mysore, and Jaipur but not necessarily in the same order.

(i)V sits third to the right of the person who belongs to Goa. The person who belongs to Jaipur sit second to the right of V. P and T are immediate neighbours of each other. Neither P nor T belongs to Goa or Jaipur. Neither P nor T is an immediate neighbor of V.

(ii) W sits third to the right of the person who belongs to Patna. Neither P nor T belongs to Patna. W does not belong to Jaipur.

(iii) Only two people sit between T and the person who belongs to Mysore. The person who belongs to Ranchi sit on the immediate left of S.

(iv) Only one person sits between T and Q. R sits second to left of one who belongs to Mysore.

(v)T does not belong to Kanpur.

(vi) The one who belongs to Manali sits at the extreme end of the line.

Q. ‘W’ is related to ‘Mysore’ in a certain way based on the above arrangement. ‘Q’ is related to ‘Lucknow’ following the same pattern. ‘U’ is related to which of the following the same pattern.

Directions: Study the following information carefully and answer the questions following it.

Eight leaders Narendra Modi, Imran Khan, Ashraf Ghani, Lotay Tshering, K P Oli, Xi Jinping, Mahinda Rajapakshe and Aung San Suu Kyi are sitting in a row. Four leaders are facing north and four learders are facing south. The leaders sitting at the end of the row are facing opposite direction (that is if one leader is facing south then the other leader will be facing north and vice versa).

There are four leaders sitting between Mahinda Rajapakshe and Lotay Tshering and both of them are facing the same direction and neither of them are sitting at the extreme end of the row. Imran Khan who is facing south is sitting to the immediate right of Mahinda Rajapakshe. K P Oli who is facing south is sitting to the immediate left of Lotay Tshering. Two leaders are sitting between Ashraf Ghani and Mahinda Rajapakshe and Ashraf Ghani is facing direction opposite to Mahinda Rajapakshe. Three leaders are sitting between Narendra Modi and Aung San Su Kyi and Narendra Modi is not the immediate neighbour of Imran Khan and Ashraf Ghani. The immediate neighbours of Ashraf Ghani are facing opposite direction (that is if one leader is facing south the other leader will be facing north and vice versa). Imran Khan is sitting second to the right of Xi Jinping.

Q. Who is sitting to the immediate right of Xi Jinping?

Study the following information carefully and answer the given question.

Eight people, viz P, Q, R, S, T, U, V, and W are sitting in a straight line facing North. Each of them belongs to different cities, viz Patna, Ranchi, Kanpur, Lucknow, Goa, Manali, Mysore, and Jaipur but not necessarily in the same order.

(i) V sits third to the right of the person who belongs to Goa. The person who belongs to Jaipur sit second to the right of V. P and T are immediate neighbours of each other. Neither P nor T belongs to Goa or Jaipur. Neither P nor T is an immediate neighbor of V.

(ii) W sits third to the right of the person who belongs to Patna. Neither P nor T belongs to Patna. W does not belong to Jaipur.

(iii) Only two people sit between T and the person who belongs to Mysore. The person who belongs to Ranchi sit on the immediate left of S.

(iv) Only one person sits between T and Q. R sits second to left of one who belongs to Mysore.

(v) T does not belong to Kanpur.

(vi) The one who belongs to Manali sits at the extreme end of the line.

Q. How many people sit between R and the person who belongs to Ranchi?

Directions: In the question below are given three statements followed by two conclusions numbered I and II. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.

Statements:

All Laptops are Computers.

All Computers are Mobiles.

No Mobile is a Battery.

Conclusions:

I. Some Computers are not Laptops.

II. Some Mobiles are not Laptops.

Study the following information carefully and answer the questions given below:

‘X @ Y’ means ‘X is neither greater than nor smaller than Y.’

‘X # Y’ means ‘X is neither smaller than nor equal to Y.’

‘X % Y’ means ‘X is not greater than Y.’

‘X © Y’ means ‘X is not smaller than Y.’

‘X & Y’ means ‘X is neither greater than nor equal to Y.’

Statements : N & O, R % T, O © R

Conclusions :

I. N & R

II. O % T

Direction: Read the following information carefully and answer the given questions

There are seven employees Aman, Bala, Chetan, Pratik, Deepak, Rahul and Shailesh. They live on seven different floors of a building. The Lowermost floor is numbered as 1 and the topmost floor is numbered as seven. They are of different age i.e. 22, 49, 64, 25, 38, 50 and 53 but not necessarily in the same order. Deepak is three years younger than Aman. Pratik lives immediately below the one who is 38 years old and his age is perfect square as well as divisible by 5. Rahul lives on an odd-numbered floor and his age is a perfect square. Shailesh who is the third youngest person lives on the fourth floor. Deepak lives just above Aman but not on the second floor. Chetan lives on an odd-numbered floor and his age is a perfect cube. Aman does not live on an even number floor. The one who is the oldest does not live on the top floor.

Q. The number of employees who lives above Aman is the same as the number of employees who lives below _____?

Study the following information carefully and answer the below questions.

Eight people are A, B, C, D, E, F, G, and H living in a building which has four floors numbered as 1 to 4 from bottom to top. Each floor has two flat 1 and flat 2, where flat 2 is to the east of flat 1. Only one person is living in each flat of the building but not necessarily in the same order

E lives on an even numbered floor but not in an even numbered flat. D lives two floors above F. Neither A nor H lives on the same floor. B doesn’t live on the same floor of G. A lives northwest of F who lives immediately below H. C lives one of the floors above E. Only one person lives between E and G both are living on the same numbered flat.

Q. On which of the following floor and flat does B lives?

Direction: Read the following information carefully and answer the given questions

There are seven employees Aman, Bala, Chetan, Pratik, Deepak, Rahul and Shailesh. They live on seven different floors of a building. The Lowermost floor is numbered as 1 and the topmost floor is numbered as seven. They are of different age i.e. 22, 49, 64, 25, 38, 50 and 53 but not necessarily in the same order. Deepak is three years younger than Aman. Pratik lives immediately below the one who is 38 years old and his age is perfect square as well as divisible by 5. Rahul lives on an odd-numbered floor and his age is a perfect square. Shailesh who is the third youngest person lives on the fourth floor. Deepak lives just above Aman but not on the second floor. Chetan lives on an odd-numbered floor and his age is a perfect cube. Aman does not live on an even number floor. The one who is the oldest does not live on the top floor.

Q. Four among the five are the same in a certain way and thus form a group, who among the following does not belong to the group?

Study the following information carefully and answer the below questions.

Eight people are A, B, C, D, E, F, G, and H living in a building which has four floors numbered as 1 to 4 from bottom to top. Each floor has two flat 1 and flat 2, where flat 2 is to the east of flat 1. Only one person is living in each flat of the building but not necessarily in the same order.

E lives on an even numbered floor but not in an even numbered flat. D lives two floors above F. Neither A nor H lives on the same floor. B doesn’t live on the same floor of G. A lives northwest of F who lives immediately below H. C lives one of the floors above E. Only one person lives between E and G both are living on the same numbered flat.

Q. Who among the following pair of persons lives on the same floor?

In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words.

The Centre’s push to resolve the problem of bad loans through an ordinance is likely to ____(1) the banks’ provisioning costs in the short-term as they will need to take significant haircuts or write-offs on their non-per-forming assets, according to Fitch Ratings.

Further losses due to higher provisioning for bad loans could ____(2)weaker banks closer to a breach of their capital requirements and even force mergers ____(3) they receive ‘pre-emptive capital injections,’ the agency said in a report.

While Fitch said that the greater powers assigned to the central bank to ____(4) in banks at ‘an earlier stage when risks build’ is an important step towards a healthy banking system in the future, the move also makes it more likely that the number of state banks will fall in the medium-term.

Further losses at some of the weakest small-to medium-sized state banks could pressure them to shrink, or to ____(5) exit the system by entering into forced mergers.

Q. Find the appropriate word (1).

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options:

Japan’s SoftBank and NewQuest Capital Partners are among investors seeking to sell shares of IPO-bound FirstCry in the secondary market, valuing the omnichannel baby products retailer in the range of $3.5-4 billion, according to several people in the know.

Masayoshi Son-led SoftBank, which is the biggest investor in the company with a 29% stake, wants to reduce its shareholding to less than 25%, another person aware of the matter said. The discussions are happening at a time the Pune-based company is looking to pare its foreign ownership while bringing in domestic private equity funding in the runup to filing its initial public offer (IPO) papers in the next few months. FirstCry has held talks with Mumbai-based private equity firm Kedaara Capital, asking it to participate in the second round, multiple people said on condition of anonymity.

Sources privy to the developments said the company is “planned to file its draft red herring prospectus (DRHP) very soon”.

"This is akin to a pre-IPO deal which will set the price for the company and ideally they want to bring on board domestic funds," one of the persons told ET. The person cited the example of Premji Invest — the family investment vehicle of Wipro founder chairman Azim Premji — which had upped its stake during (FirstCry’s) previous secondary round when the National Investment and Infrastructure Fund’s proposed investment fell through. FirstCry, which is a vertical eCommerce platform, is currently valued at around $2.7 billion, which was ascribed to it earlier this year when Premji bulked up its ownership via a secondary share deal in April. According to a person aware of the matter, Premji Invest owns ______ 9-11% stake in the firm, Mahindra Retail holds 12-13% and US private equity major TPG has 5-6%.

People familiar with its IPO plan said the company is aiming to go public at a $6-7 billion valuation given that it is a rare example of a profitable eCommerce firm, having recorded net earnings in the financial year 2021. "There are multiple sets of investors looking to participate in the pre-IPO secondary round. The company is still keen on its IPO plans and the matter will be discussed in its next board meeting," another person privy to the discussions said.

If the company files for an IPO, it will be the first new-age tech startup to do so after logistics player Delhivery’s public float in May amid a largely skittish market. Economic Times reported on May 16 that FirstCry had hit pause on its plans to file papers for the initial public offering (IPO) following the downturn in sentiments that hit the global economy. Emailed queries sent to SoftBank and NewQuest did not elicit a response while Supam Maheshwari, CEO, FirstCry declined to comment.

Q. According to the passage, which company is keen on its initial public offering (IPO) plans?

In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words.

The Centre’s push to resolve the problem of bad loans through an ordinance is likely to ____(1) the banks’ provisioning costs in the short-term as they will need to take significant haircuts or write-offs on their non-per-forming assets, according to Fitch Ratings.

Further losses due to higher provisioning for bad loans could ____(2)weaker banks closer to a breach of their capital requirements and even force mergers ____(3) they receive ‘pre-emptive capital injections,’ the agency said in a report.

While Fitch said that the greater powers assigned to the central bank to ____(4) in banks at ‘an earlier stage when risks build’ is an important step towards a healthy banking system in the future, the move also makes it more likely that the number of state banks will fall in the medium-term.

Further losses at some of the weakest small-to medium-sized state banks could pressure them to shrink, or to ____(5) exit the system by entering into forced mergers.

Q. Find the appropriate word (2).

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options:

Japan’s SoftBank and NewQuest Capital Partners are among investors seeking to sell shares of IPO-bound FirstCry in the secondary market, valuing the omnichannel baby products retailer in the range of $3.5-4 billion, according to several people in the know.

Masayoshi Son-led SoftBank, which is the biggest investor in the company with a 29% stake, wants to reduce its shareholding to less than 25%, another person aware of the matter said. The discussions are happening at a time the Pune-based company is looking to pare its foreign ownership while bringing in domestic private equity funding in the runup to filing its initial public offer (IPO) papers in the next few months. FirstCry has held talks with Mumbai-based private equity firm Kedaara Capital, asking it to participate in the second round, multiple people said on condition of anonymity.

Sources privy to the developments said the company is “planned to file its draft red herring prospectus (DRHP) very soon”.

"This is akin to a pre-IPO deal which will set the price for the company and ideally they want to bring on board domestic funds," one of the persons told ET. The person cited the example of Premji Invest — the family investment vehicle of Wipro founder chairman Azim Premji — which had upped its stake during (FirstCry’s) previous secondary round when the National Investment and Infrastructure Fund’s proposed investment fell through. FirstCry, which is a vertical eCommerce platform, is currently valued at around $2.7 billion, which was ascribed to it earlier this year when Premji bulked up its ownership via a secondary share deal in April. According to a person aware of the matter, Premji Invest owns ______ 9-11% stake in the firm, Mahindra Retail holds 12-13% and US private equity major TPG has 5-6%.

People familiar with its IPO plan said the company is aiming to go public at a $6-7 billion valuation given that it is a rare example of a profitable eCommerce firm, having recorded net earnings in the financial year 2021. "There are multiple sets of investors looking to participate in the pre-IPO secondary round. The company is still keen on its IPO plans and the matter will be discussed in its next board meeting," another person privy to the discussions said.

If the company files for an IPO, it will be the first new-age tech startup to do so after logistics player Delhivery’s public float in May amid a largely skittish market. Economic Times reported on May 16 that FirstCry had hit pause on its plans to file papers for the initial public offering (IPO) following the downturn in sentiments that hit the global economy. Emailed queries sent to SoftBank and NewQuest did not elicit a response while Supam Maheshwari, CEO, FirstCry declined to comment.

Q. In this question, a sentence (in bold) from the passage has been divided into four parts (A), (B), (C) and (D). Read the sentence to find out whether there is any grammatical error in it. The error if any will be in one part of the sentence. If there is No error the answer is 'No Error/(E)'. Ignore the error of punctuation if any.

Sources privy to the developments(A)/ said the company(B)/ is “planned to file its (C)/ draft red herring prospectus (DRHP) very soon”.(D)/ No Error(E)

In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each five words are suggested, one of which fits the blank appropriately. Find out the appropriate words.

The Centre’s push to resolve the problem of bad loans through an ordinance is likely to ____(1) the banks’ provisioning costs in the short-term as they will need to take significant haircuts or write-offs on their non-per-forming assets, according to Fitch Ratings.

Further losses due to higher provisioning for bad loans could ____(2)weaker banks closer to a breach of their capital requirements and even force mergers ____(3) they receive ‘pre-emptive capital injections,’ the agency said in a report.

While Fitch said that the greater powers assigned to the central bank to ____(4) in banks at ‘an earlier stage when risks build’ is an important step towards a healthy banking system in the future, the move also makes it more likely that the number of state banks will fall in the medium-term.

Further losses at some of the weakest small-to medium-sized state banks could pressure them to shrink, or to ____(5) exit the system by entering into forced mergers.

Find the appropriate word (3).

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options:

Japan’s SoftBank and NewQuest Capital Partners are among investors seeking to sell shares of IPO-bound FirstCry in the secondary market, valuing the omnichannel baby products retailer in the range of $3.5-4 billion, according to several people in the know.

Masayoshi Son-led SoftBank, which is the biggest investor in the company with a 29% stake, wants to reduce its shareholding to less than 25%, another person aware of the matter said. The discussions are happening at a time the Pune-based company is looking to pare its foreign ownership while bringing in domestic private equity funding in the runup to filing its initial public offer (IPO) papers in the next few months. FirstCry has held talks with Mumbai-based private equity firm Kedaara Capital, asking it to participate in the second round, multiple people said on condition of anonymity.

Sources privy to the developments said the company is “planned to file its draft red herring prospectus (DRHP) very soon”.

"This is akin to a pre-IPO deal which will set the price for the company and ideally they want to bring on board domestic funds," one of the persons told ET. The person cited the example of Premji Invest — the family investment vehicle of Wipro founder chairman Azim Premji — which had upped its stake during (FirstCry’s) previous secondary round when the National Investment and Infrastructure Fund’s proposed investment fell through. FirstCry, which is a vertical eCommerce platform, is currently valued at around $2.7 billion, which was ascribed to it earlier this year when Premji bulked up its ownership via a secondary share deal in April. According to a person aware of the matter, Premji Invest owns ______ 9-11% stake in the firm, Mahindra Retail holds 12-13% and US private equity major TPG has 5-6%.

People familiar with its IPO plan said the company is aiming to go public at a $6-7 billion valuation given that it is a rare example of a profitable eCommerce firm, having recorded net earnings in the financial year 2021. "There are multiple sets of investors looking to participate in the pre-IPO secondary round. The company is still keen on its IPO plans and the matter will be discussed in its next board meeting," another person privy to the discussions said.

If the company files for an IPO, it will be the first new-age tech startup to do so after logistics player Delhivery’s public float in May amid a largely skittish market. Economic Times reported on May 16 that FirstCry had hit pause on its plans to file papers for the initial public offering (IPO) following the downturn in sentiments that hit the global economy. Emailed queries sent to SoftBank and NewQuest did not elicit a response while Supam Maheshwari, CEO, FirstCry declined to comment.

Q. What is the central theme of the passage?

In these questions, a sentence is given with two words/ groups of words in bold type. One of these or both of these word (s) /groups of words may have a certain error. You have to find out the correct word/ group of words from among the four choices given below each sentence to replace the incorrect word/group of words and make the sentence grammatically correct and meaningful. If the sentence is correct as it is, mark ‘No correction required’ as your answer.

Although the banking regulator has said that debt restructuring should apply to all financial creditors, its directives are not binding on entities such as mutual funds, insurers and other large investors that have subscribed to corporate bonds.

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options:

Japan’s SoftBank and NewQuest Capital Partners are among investors seeking to sell shares of IPO-bound FirstCry in the secondary market, valuing the omnichannel baby products retailer in the range of $3.5-4 billion, according to several people in the know.

Masayoshi Son-led SoftBank, which is the biggest investor in the company with a 29% stake, wants to reduce its shareholding to less than 25%, another person aware of the matter said. The discussions are happening at a time the Pune-based company is looking to pare its foreign ownership while bringing in domestic private equity funding in the runup to filing its initial public offer (IPO) papers in the next few months. FirstCry has held talks with Mumbai-based private equity firm Kedaara Capital, asking it to participate in the second round, multiple people said on condition of anonymity.

Sources privy to the developments said the company is “planned to file its draft red herring prospectus (DRHP) very soon”.

"This is akin to a pre-IPO deal which will set the price for the company and ideally they want to bring on board domestic funds," one of the persons told ET. The person cited the example of Premji Invest — the family investment vehicle of Wipro founder chairman Azim Premji — which had upped its stake during (FirstCry’s) previous secondary round when the National Investment and Infrastructure Fund’s proposed investment fell through. FirstCry, which is a vertical eCommerce platform, is currently valued at around $2.7 billion, which was ascribed to it earlier this year when Premji bulked up its ownership via a secondary share deal in April. According to a person aware of the matter, Premji Invest owns ______ 9-11% stake in the firm, Mahindra Retail holds 12-13% and US private equity major TPG has 5-6%.

People familiar with its IPO plan said the company is aiming to go public at a $6-7 billion valuation given that it is a rare example of a profitable eCommerce firm, having recorded net earnings in the financial year 2021. "There are multiple sets of investors looking to participate in the pre-IPO secondary round. The company is still keen on its IPO plans and the matter will be discussed in its next board meeting," another person privy to the discussions said.

If the company files for an IPO, it will be the first new-age tech startup to do so after logistics player Delhivery’s public float in May amid a largely skittish market. Economic Times reported on May 16 that FirstCry had hit pause on its plans to file papers for the initial public offering (IPO) following the downturn in sentiments that hit the global economy. Emailed queries sent to SoftBank and NewQuest did not elicit a response while Supam Maheshwari, CEO, FirstCry declined to comment.

Q. Which of the following is/are correct according to the given passage?

A. Masayoshi Son-led SoftBank, which is the biggest investor in the company with a 29% stake, wants to reduce its shareholding to less than 25%, another person aware of the matter said.

B. There are multiple sets of investors looking to participate in the pre-IPO secondary round. The company is still keen on its IPO plans and the matter will be discussed in its next board meeting.

C. FirstCry has held talks with Mumbai-based private equity firm Kedaara Capital, asking it to not participate in the second round, multiple people said on condition of anonymity.

In these questions, a sentence is given with two words/ groups of words in bold type. One of these or both of these word (s) /groups of words may have a certain error. You have to find out the correct word/ group of words from among the four choices given below each sentence to replace the incorrect word/group of words and make the sentence grammatically correct and meaningful. If the sentence is correct as it is, mark ‘No correction required’ as your answer.

While both sides remains on their side of the LAC in Depsang, attempts to block patrols have been taking place since late May, for the Indian Army mounting its own localised movements to apply counter-pressure on Chinese patrols.

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options:

Japan’s SoftBank and NewQuest Capital Partners are among investors seeking to sell shares of IPO-bound FirstCry in the secondary market, valuing the omnichannel baby products retailer in the range of $3.5-4 billion, according to several people in the know.

Masayoshi Son-led SoftBank, which is the biggest investor in the company with a 29% stake, wants to reduce its shareholding to less than 25%, another person aware of the matter said. The discussions are happening at a time the Pune-based company is looking to pare its foreign ownership while bringing in domestic private equity funding in the runup to filing its initial public offer (IPO) papers in the next few months. FirstCry has held talks with Mumbai-based private equity firm Kedaara Capital, asking it to participate in the second round, multiple people said on condition of anonymity.

Sources privy to the developments said the company is “planned to file its draft red herring prospectus (DRHP) very soon”.

"This is akin to a pre-IPO deal which will set the price for the company and ideally they want to bring on board domestic funds," one of the persons told ET. The person cited the example of Premji Invest — the family investment vehicle of Wipro founder chairman Azim Premji — which had upped its stake during (FirstCry’s) previous secondary round when the National Investment and Infrastructure Fund’s proposed investment fell through. FirstCry, which is a vertical eCommerce platform, is currently valued at around $2.7 billion, which was ascribed to it earlier this year when Premji bulked up its ownership via a secondary share deal in April. According to a person aware of the matter, Premji Invest owns ______ 9-11% stake in the firm, Mahindra Retail holds 12-13% and US private equity major TPG has 5-6%.

People familiar with its IPO plan said the company is aiming to go public at a $6-7 billion valuation given that it is a rare example of a profitable eCommerce firm, having recorded net earnings in the financial year 2021. "There are multiple sets of investors looking to participate in the pre-IPO secondary round. The company is still keen on its IPO plans and the matter will be discussed in its next board meeting," another person privy to the discussions said.

If the company files for an IPO, it will be the first new-age tech startup to do so after logistics player Delhivery’s public float in May amid a largely skittish market. Economic Times reported on May 16 that FirstCry had hit pause on its plans to file papers for the initial public offering (IPO) following the downturn in sentiments that hit the global economy. Emailed queries sent to SoftBank and NewQuest did not elicit a response while Supam Maheshwari, CEO, FirstCry declined to comment.

Q. Choose the Synonym of the word 'elicit'.