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SBI CBO Mock Test - 6 - Bank Exams MCQ


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30 Questions MCQ Test Mock Test Series for SBI CBO Exam 2025 - SBI CBO Mock Test - 6

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SBI CBO Mock Test - 6 - Question 1

While many points are worth making in an evaluation of the single sixyear presidential term, one of the most telling points against the single term has not been advanced. This kind of constitutional limitation on elections is generally a product of systems with weak or non-existent political parties. 

Since there is no party continuity or corporate party integrity in such systems, there is no basis for putting trust in the desire for re-election as a safeguard against mismanagement in the executive branch. Better under those conditions to operate on the basis of negative assumptions against incumbents. I do not know if the earliest proposal for a single, nonrepeatable term was made in the 1820s because that was a period of severely weak political parties. But I do feel confident that this is a major reason, if not the only reason, that such a proposal has been popular since the 1940s.  

Though the association of the non-repeatable election with weak political parties is not in itself an argument against the limitation, the fallout from this association does contribute significantly to the negative argument. Single-term limitations are strongly associated with corruption. In any weak party system, including the presidential system, the onus of making deals and compromises, both shady and honourable, rests heavily upon individual candidates. Without some semblance of corporate integrity in a party, individual candidates have few opportunities to amortize their obligations across the spectrum of elective and appointive jobs and policy proposals.

The deals tend to be personalized and the payoffs come home to roost accordingly.  If that situation is already endemic in conditions of weak or nonexistent parties, adding to it the limitation against re-election means that candidates and officials, already prevented from amortizing their deals across space, are also unable to amortize their obligations temporally. This makes for a highly beleaguered situation. The single six-year term for presidents is an effort to compensate for the absence of a viable party system, but it is a compensation ultimately paid for by further weakening the party system itself.

Observers, especially foreign observers, have often noted that one source of weakness in American political parties is the certainty of election every two or four years, not only because any artificial limitation on elections is a violation of democratic principles but also because when elections are set in a certain and unchangeable cycle, political parties do not have to remain alert but can disappear into inactivity until a known point prior to the next election. To rigidify matters by going beyond the determinacy of the electoral cycle to add an absolute rule of one term would hang still another millstone around the neck of already doddering political parties.  

Directions: Read the above paragraph and answer the following:

Suppose that America adopted a single-term political system. Considering the foreign observers mentioned in the passage. how would they be expected to respond to such a development? 

Detailed Solution for SBI CBO Mock Test - 6 - Question 1

Mapping the Passage
¶1 introduces the idea of a single presidential term.
¶2 argues that the single term is usually associated with countries with weak political parties and therefore popular when political parties are weak.
¶s3 and 4 argue that single-term systems encourage corruption.
¶5 argues that the single-term system is designed to make up for weak parties, but ends up making parties even weaker.

Go back to ¶5 to review what foreign observers say: they argue that fixed elections are a bad idea; elections should be held any time. Would a single-term system address this concern, work against it, or have no effect? Since the current terms are four years, and the single term would be six years, elections would be held less frequently, which would further irritate the foreign observers who consider democracy dependent on elections-on-demand. (B) fits.

SBI CBO Mock Test - 6 - Question 2

While many points are worth making in an evaluation of the single sixyear presidential term, one of the most telling points against the single term has not been advanced. This kind of constitutional limitation on elections is generally a product of systems with weak or non-existent political parties.

 Since there is no party continuity or corporate party integrity in such systems, there is no basis for putting trust in the desire for re-election as a safeguard against mismanagement in the executive branch. Better under those conditions to operate on the basis of negative assumptions against incumbents. I do not know if the earliest proposal for a single, nonrepeatable term was made in the 1820s because that was a period of severely weak political parties. But I do feel confident that this is a major reason, if not the only reason, that such a proposal has been popular since the 1940s.

 Though the association of the non-repeatable election with weak political parties is not in itself an argument against the limitation, the fallout from this association does contribute significantly to the negative argument. Single-term limitations are strongly associated with corruption. In any weak party system, including the presidential system, the onus of making deals and compromises, both shady and honourable, rests heavily upon individual candidates. Without some semblance of corporate integrity in a party, individual candidates have few opportunities to amortize their obligations across the spectrum of elective and appointive jobs and policy proposals.

The deals tend to be personalized and the payoffs come home to roost accordingly.  If that situation is already endemic in conditions of weak or nonexistent parties, adding to it the limitation against re-election means that candidates and officials, already prevented from amortizing their deals across space, are also unable to amortize their obligations temporally. This makes for a highly beleaguered situation. The single six-year term for presidents is an effort to compensate for the absence of a viable party system, but it is a compensation ultimately paid for by further weakening the party system itself.

 Observers, especially foreign observers, have often noted that one source of weakness in American political parties is the certainty of election every two or four years, not only because any artificial limitation on elections is a violation of democratic principles but also because when elections are set in a certain and unchangeable cycle, political parties do not have to remain alert but can disappear into inactivity until a known point prior to the next election. To rigidify matters by going beyond the determinacy of the electoral cycle to add an absolute rule of one term would hang still another millstone around the neck of already doddering political parties.  

Directions: Read the above paragraph and answer the following:

According to the passage, which of the following is most likely to be true of a political system with weak political parties? 

Detailed Solution for SBI CBO Mock Test - 6 - Question 2

Mapping the Passage
¶1 introduces the idea of a single presidential term.
¶2 argues that the single term is usually associated with countries with weak political parties and therefore popular when political parties are weak.
¶s3 and 4 argue that single-term systems encourage corruption.
¶5 argues that the single-term system is designed to make up for weak parties, but ends up making parties even weaker.

What does the author say about weak political parties? They lead to a preference for single terms, which, when enacted, lead to corruption. Evaluate the choices with this main chain of causes and effects in mind. While three choices aren‘t touched on by the author, (C) is the main point made in ¶3 and the beginning of ¶ 4: single-term systems encourage individual bargains (which ultimately lead to corruption.)

SBI CBO Mock Test - 6 - Question 3

After the elections it was discovered that the phones had been _____________.

Detailed Solution for SBI CBO Mock Test - 6 - Question 3

After the elections it was discovered that the phones had been bugged.

SBI CBO Mock Test - 6 - Question 4

In each question below, there is a sentence of which some parts have been jumbled up. Rearrange these parts which are labelled P, Q, R and S to produce the correct sentence. Choose the proper sequence.
If you need help

P :promptly and politely

Q :ask for attendants

R :to help our customers

S :who have instructions

The Proper sequence should be:

SBI CBO Mock Test - 6 - Question 5

Clearly, the popular response to the agitation was so _________that the government could not_________it as it had done many times in the past.

Detailed Solution for SBI CBO Mock Test - 6 - Question 5

The correct option is Option D.

Clearly, the popular response to the agitation was so extensive that the government could not ignore it as it had done many times in the past.

SBI CBO Mock Test - 6 - Question 6

During his long discourse, he did not touch that point.

Detailed Solution for SBI CBO Mock Test - 6 - Question 6

As per the given sentence in above question , we can say that
Replace the word touch :- touch on

SBI CBO Mock Test - 6 - Question 7

In the questions below the sentences have been given in Active/Passive voice. From the given alternatives, choose the one which best expresses the given sentence in Passive/Active voice.

Q. You can play with these kittens quite safely.

Detailed Solution for SBI CBO Mock Test - 6 - Question 7

In passive voice, the places of subject and object will be interchanged in the sentence. Only 3rd form of the verb or Past Participle will be used as a main verb.
These kittens can be played with quite safely.

SBI CBO Mock Test - 6 - Question 8

He found a wooden broken chair in the room.

SBI CBO Mock Test - 6 - Question 9

In addition to enhanced their reputations through strategic use of philanthropy, companies are sponsoring social initiatives to open new markets.

Detailed Solution for SBI CBO Mock Test - 6 - Question 9

 In addition to enhancing their reputations through strategic use of philanthropy, companies are sponsoring social initiatives to open new markets.

SBI CBO Mock Test - 6 - Question 10

Direction: In the questions given below a sentence is given with two blanks in each. Corresponding to each question two columns are given with three words in each column. Which combination of words from the two columns will perfectly fit into the blanks to make the sentence contextually correct and meaningful?

The idea of a New India ____________ an enlightened citizenry, an India where public policy ____________ engages with an aspirational population.

Detailed Solution for SBI CBO Mock Test - 6 - Question 10

‘Envisages’ and ‘envisions’ make proper sense in the 1st blank. But, only ‘proactively’ makes proper sense in the 2nd blank. The other words are preposterous.

Hence, option D is the correct answer.

SBI CBO Mock Test - 6 - Question 11

One of the members / expressed doubt if / the Minister was an atheist / No error.

Detailed Solution for SBI CBO Mock Test - 6 - Question 11

This statement is wrong: Expressed doubt if 

Correct Statement will be: Expressed doubt that

SBI CBO Mock Test - 6 - Question 12

Direction: Each question below has one blank, which is indicating that something has been omitted. Find out which option can be used to fill up the blank in the sentence in the same sequence to make it meaningfully complete.

The agricultural power supplies were ________________ to six hours a day and largely to late nights.

Detailed Solution for SBI CBO Mock Test - 6 - Question 12

According to the given context we can see that the electricity supply in the area is limited to particular hours of the day and also the main time of electricity supply is during the late nights. It is clear that the supply is not there always and there is restriction regarding the supply. Here we can see that only the word limited will be able to imply the intended meaning of the sentence whereas the rest will not fit here in the blank.

This makes Option A the correct choice among the given options.

SBI CBO Mock Test - 6 - Question 13

Which among the following authority governs the mutual funds business in India?

Detailed Solution for SBI CBO Mock Test - 6 - Question 13

SEBI(Securities and Exchange Board of India)

  • The mutual fund industry was set up in India in the year 1963 with the formation of Unit Trust of India(UTI), as the initiative of the Government of India and the Reserve bank of India.
  • Mutual funds business is governed by the SEBI(Securities and Exchange Board of India) in India.

About SEBI:

  • The Securities and Exchange Board of India was established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.
  • Its headquarters is in Mumbai.
  • Shri Ajay Tyagi is the current chairman of SEBI.

About RBI: 

  • ​RBI was established on April 1, 1935, under the Reserve Bank of India Act,1934.
  • Current Governor of RBI is  Shri Shaktikanta Das ( 25th )
  • Sir Osborne Smith was the first governor of RBI and C.D Deshmukh was the first Indian governor of RBI.
  • It operates the currency and credit system of the country.
  • It is called the Bankers Bank of India.
  • It formulates, implements, and monitors the monetary policy.
SBI CBO Mock Test - 6 - Question 14

When and who introduced the first ATM in India?

Detailed Solution for SBI CBO Mock Test - 6 - Question 14

HSBC opened the first ATM in India in Mumbai in 1987. Approximately 1500 ATMs were installed throughout India during the next twelve years. Swadhan, India's first network of shared ATMs, was established in 1997 by the Indian Banks' Association (IBA).

SBI CBO Mock Test - 6 - Question 15

What is the maximum amount that can be transferred through the Aadhaar Enabled Payment System (AEPS) per account per day?

Detailed Solution for SBI CBO Mock Test - 6 - Question 15
  • The Aadhaar Enable Payment System (AEPS) is a fund transfer mechanism that uses the UIDAI identification for the transaction. 
  • It functions if your Aadhaar Number is linked to your bank account and UIDAI Authentication is possible. 
  • The maximum amount that can be transferred per account per day is Rs 50000. 
  • Customers can get services such as withdrawal of funds and deposition of cash in their accounts. 
SBI CBO Mock Test - 6 - Question 16

What is the current Foreign Direct Investment (FDI) Limit of the insurance sector in India?

Detailed Solution for SBI CBO Mock Test - 6 - Question 16

The Insurance Amendment Bill 2021 was enacted by Parliament, increasing the FDI ceiling in the insurance sector from 49 percent to 74 percent.

SBI CBO Mock Test - 6 - Question 17

Which among the following is the tenure of the Treasury Bills issued by the Government of India?

Detailed Solution for SBI CBO Mock Test - 6 - Question 17

T-bills, or Treasury notes, have a maximum maturity of 364 days. As a result, they're classified as money market instruments (money market deals with funds with a maturity of less than one year). Treasury bills are currently available in three maturities: 91 days, 182 days, and 364 days.

SBI CBO Mock Test - 6 - Question 18

When was the Corporate Debt Restructuring implemented by the RBI in India for rearrangement of a distressed company's outstanding commitments?

Detailed Solution for SBI CBO Mock Test - 6 - Question 18

Corporate Debt Restructuring, or CDR, is a scheme developed by the Reserve Bank of India (RBI) through a circular released on August 23, 2001, for implementation by banks and financial institutions (FIs) to recover debt from debtors who are unable to pay the full amount owed.

SBI CBO Mock Test - 6 - Question 19

When was the Pension Fund Regulatory and Development Authority of India (PFRDA) established?

Detailed Solution for SBI CBO Mock Test - 6 - Question 19
  • Pension Fund Regulatory and Development Authority (PFRDA) is a pension regulator of India.
  • It headquartered in New Delhi.
  • It was established by the Government of India on 23rd August 2003
  • Ami is to promote old age income security by establishing, developing and regulating pension funds.
  • It administers and regulates National Pension System (NPS) and also administers Atal Pension Yojana (APY).
  • Recently, in April 2020 amid pandemic, it allowed the NPS subscribers to partially withdraw for covering expenses related to the treatment of COVID-19.
  • Chairperson: Supratim Bandyopadhyay (as of July 2021)
SBI CBO Mock Test - 6 - Question 20

__________ are payment orders/instructions that are set up by Bank customers to ensure that payments are transferred regularly on a certain date and a method of debiting your Operative account to make an automatic payment of a predetermined sum at regular times.

Detailed Solution for SBI CBO Mock Test - 6 - Question 20

Standing Instructions are payment orders/instructions that are set up by Bank customers to ensure that payments are transferred regularly on a certain date and a method of debiting your Operative account to make an automatic payment of a predetermined sum at regular times.

SBI CBO Mock Test - 6 - Question 21

Which of the following ATMs are owned and operated by NBFCs?

Detailed Solution for SBI CBO Mock Test - 6 - Question 21
  • Automated teller machines are electronic banking outlets that allow people to complete transactions without the help of a bank representative or teller.
  • ATM transactions can be as simple as a deposit or balance inquiry, or more complex like a balance transfer or bill payment.
  • In order to use an ATM, consumers need to have a debit or credit card, and a personal identification number.
  • There are Different Types of ATM available which are as follows: –​
SBI CBO Mock Test - 6 - Question 22

Which amongst the following denotes a type of insurance?

  1. Life insurance
  2. Health insurance
  3. Liability insurance
Detailed Solution for SBI CBO Mock Test - 6 - Question 22

Life insurance is the insurance that pays out a sum of money either on the death of the insured person or after a set period. Health insurance is the insurance taken out to cover the cost of medical care. Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims.

SBI CBO Mock Test - 6 - Question 23

Which bank has introduced the first floating ATM in India?

Detailed Solution for SBI CBO Mock Test - 6 - Question 23

In 2004, SBI opened the first floating ATM in Kerala. The SBI floating ATM was installed in the Kerala Shipping and Inland Navigation Corporation's Jhankar yacht (KSINC).

SBI CBO Mock Test - 6 - Question 24

The IRDAI was incorporated as a statutory body on?

Detailed Solution for SBI CBO Mock Test - 6 - Question 24

The IRDAI(Insurance Regulatory and Development Authority of India) was incorporated as a statutory body on 19th April 2000.

  • It is an independent, legislative body responsible for overseeing and promoting the Indian insurance and reinsurance industries.
  • It was established by the Insurance Regulatory and Development Authority Act, 1999, a legislative act passed by the Indian Government.
  • The headquarters of the organization are in Hyderabad, Telangana where it relocated in 2001 from Delhi.
  • Subhash Chandra Khuntia is the chairman of IRDAI.
SBI CBO Mock Test - 6 - Question 25

What type of insurance will apply if a family member has broken his/her leg in an accident while on vacation in Singapore?

Detailed Solution for SBI CBO Mock Test - 6 - Question 25

General insurance covers home, your travel, vehicle, and health (non-life assets) from fire, floods, accidents, man-made disasters, and theft. Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance. A general insurance policy pays for the losses that are incurred by the insured during the period of the policy.

SBI CBO Mock Test - 6 - Question 26

Which of the following is incorrect in reference to World organizations with headquarter?

Detailed Solution for SBI CBO Mock Test - 6 - Question 26
  • The Asian Development Bank(ADB) was established on 19 December 1966.
    • The aim of the ADB is to promote social and economic development in Asia.
    • ADB is an official United Nations Observer.
    • Headquarters: Mandaluyong, Metro Manila, Philippines.
  • ASEAN headquarters is in Jakarta, Indonesia.
    • The Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organization comprising 10 Southeast Asian countries, fostering intergovernmental cooperation and promoting economic, educational, political, security, military, and socio-cultural integration between its members and other Asian nations.
    • It was established on 8 August 1967, when the ASEAN Declaration was signed by the foreign ministers of five countries: Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
    • It was awarded observer status at the UN General Assembly in 2006.
  • World Economic Forum headquartered is in Cologny, Geneva, Switzerland.
    • ​The World Economic Forum is the International Organization for Public-Private Cooperation.
    • It was established in 1971 as a not-for-profit foundation.
  • ​OPEC  headquarter is in Vienna, Austria.
    • OPEC aims to regulate the supply of oil and price in the world market.
    • OPEC was created at the Baghdad Conference in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
    • Currently, the Organization has a total of 13 Member Countries. ​
  • The headquarter of UNDP is in New York City.
    • The United Nations Development Programme (UNDP) is an international organization that works to eradicate poverty while protecting the planet. UNDP works in about 170 countries and territories, helping to achieve the eradication of poverty and the reduction of inequalities and exclusion.
    • They help countries to develop policies, leadership skills, partnering abilities, institutional capabilities, and build resilience in order to sustain development results.
SBI CBO Mock Test - 6 - Question 27

For successful and trustworthy data communication, the communicating parties must abide by a set of rules known as _________.

SBI CBO Mock Test - 6 - Question 28

Reusable optical storage will typically have the acronym:

Detailed Solution for SBI CBO Mock Test - 6 - Question 28

CD-RW (Compact Disc-ReWritable) is a digital optical disc storage format. A CD-RW disc is a compact disc that can be written, read arbitrarily many times, erased, and written again.

SBI CBO Mock Test - 6 - Question 29

The first PC virus was developed in _______.

Detailed Solution for SBI CBO Mock Test - 6 - Question 29

The Creeper virus, created by Bob Thomas at BBN in 1971, is widely acknowledged as the first computer virus. It was designed as an experimental self-replicating program to demonstrate the concept of a mobile application, rather than to cause harm.

SBI CBO Mock Test - 6 - Question 30

Large organisations employ a type of communication network known as ______ that spans regional, national, or international boundaries.

Detailed Solution for SBI CBO Mock Test - 6 - Question 30

A major organization's utilization of a communication network across a regional, national, or international area is referred to as a WAN. A wide area network (WAN) is a type of data network that connects computers over a large geographic area.

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