SEBI Grade A (General Stream) Mock Test - 2 - Bank Exams MCQ

The correct answer is 20 MW/40 MWh

In News

• The Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval for India’s first commercial standalone Battery Energy Storage System (BESS) project.

Key Points

• The BESS project, a 20 MW/40 MWh capacity, will be installed at BSES Rajdhani Power Limited’s (BRPL) Kilokari substation.
• The project is projected to be commissioned within an unprecedented timeline of 18 to 20 months from conceptualization to implementation.
• This project marks a monumental step in integrating renewable energy sources into the grid and ensuring reliable power supply.
• With a levelized annual tariff significantly lower than the previous benchmark, the project sets a new standard for energy affordability and accessibility.
• The Global Energy Alliance for People and Planet (GEAPP) has provided concessional financing amounting to 70% of the total project cost, along with technical and commercial expertise.
• The project's success provides a regulatory precedent for the integration of BESS into the grid, paving the way for similar projects across the country.
• The project is a collaborative effort between GEAPP, IndiGrid, and BRPL, demonstrating the viability of BESS solutions and setting new standards for sustainable energy deployment.

The correct answer is DP Manu

In News

• Neeraj Chopra, the acclaimed Olympic and world champion, emerged victorious in the men's javelin throw event at the Federation Cup 2024, clinching the gold medal.

Key Points

• Neeraj Chopra's achievement at the Federation Cup 2024 adds to his illustrious career as both an Olympic and world champion in javelin throw.
• His winning throw of 82.27 meters came on his fourth attempt, surpassing DP Manu, who led the competition until the third round with a throw of 82.06 meters.
• This victory not only highlights Neeraj Chopra's consistent excellence in javelin throw but also his ability to outperform amidst strong competition.
• Neeraj Chopra's winning throw of 82.27 meters underscores his skill and dedication to maintaining a top position in the sport on both national and international platforms.
• The Federation Cup 2024 served as a competitive stage for India's top javelin throwers, showcasing the depth of talent in the country.

Solution: A) India aims to achieve a green hydrogen production capacity of 5 MMT by 2030.
In News

• India has set up its own pavilion at the World Hydrogen Summit 2024 in Rotterdam, Netherlands.

Key Points

• India's participation in the World Hydrogen Summit 2024 signifies its commitment to advancing its green hydrogen sector.
• The National Green Hydrogen Mission was launched in January 2023 with an overall outlay of Rs 19,744 crore, aiming to achieve a green hydrogen production capacity of 5 MMT by 2030. as stated in option A.
• The India Pavilion at the summit is organized by the Ministry of New and Renewable Energy, not the Ministry of Petroleum and Natural Gas as stated in option B.
• Option C is incorrect as it misstates the overall outlay of the National Green Hydrogen Mission and the target production capacity.
• The World Hydrogen Summit is indeed a prestigious event in the global green hydrogen ecosystem, but it is not solely focused on traditional hydrogen technologies as stated in option D. It encompasses discussions on cutting-edge developments and innovations in the field of green hydrogen.

Additional Information
NATIONAL GREEN HYDROGEN MISSION:

• Demand Creation: The mission aims to create domestic and export demand for green hydrogen and its derivatives, such as green ammonia and green methanol, through policy interventions and competitive bidding.
• Strategic Interventions for Green Hydrogen Transition (SIGHT): Financial incentives up to 2029-30 are proposed for electrolyzer manufacturing and green hydrogen production, with schemes evolving based on market dynamics and technology advancements.
• Pilot Projects: Targeted sectors include low carbon steel, mobility, shipping, and other decentralized energy applications, with allocated outlays for each sector up to 2025-26.
• Green Hydrogen Hubs: The mission plans to establish at least two green hydrogen hubs in the initial phase, supported by an outlay of ₹ 400 crore up to 2025-26, to facilitate large-scale production and utilization.
• Enabling Policy Framework: Various policy provisions will support renewable energy usage for green hydrogen production, including waivers of interstate transmission charges and facilitation of renewable energy banking.
• Infrastructure Development: The mission will support the development of supply chains, including pipelines, tankers, storage facilities, and distribution networks, to efficiently transport and distribute green hydrogen for export and domestic consumption.
• Regulations and Standards: Efforts are underway to develop regulatory frameworks and standards aligned with industry requirements and international norms to facilitate sector growth.
• Research and Development: A public-private partnership framework called Strategic Hydrogen Innovation Partnership (SHIP) will drive R&D efforts, pooling resources from industry and government institutions to foster innovation in collaboration with the private sector.

The correct answer is IN-SPACe

In News

• IN-SPACe was honored with the Geospatial World Forum Leadership Award in May 2024.

Key Points

• IN-SPACe was recognized for fostering growth and development in India's space sector, a testament to its role in enabling industry development.
• The award was presented during a special ceremony at the Geospatial World Forum held in Rotterdam in May 2024.
• This recognition underlines IN-SPACe's ground-breaking work in public policy and its proactive support for non-government entities in the space economy.
• Dr. Pawan Goenka, Chairman of IN-SPACe, expressed honor in receiving this award, highlighting IN-SPACe's efforts in driving innovation and growth within the space industry.
• The Geospatial World Forum Leadership Awards annually acknowledge significant contributions to the geospatial field and innovation in addressing global challenges.

The correct answer is 'sanctioned'.

Key Points

• If a country, group, or person boycotts a country, organization, or activity, they refuse to be involved with it in any way because they disapprove of it.
• Sanctioned means to give official permission or approval for (an action).
• This makes option 3 the correct answer.

Additional Information

The meaning of the other options are as follows -

• avoid - keep away from or stop oneself from doing (something).
• exclude - deny (someone) access to a place, group, or privilege.
• outlaw - ban or make illegal.

The correct answer is "from 14th September 2022 to 30th September."

Key Points

• Let us understand the use of the following:
  • "With" is used to talk about something in the company or the presence of somebody/something.
    • Example: I live with my parents.
  • "To" is used to talk about something in the direction of something; towards something.
    • Example: The shop was on the way to the station.
  • "In" is used to talk about something at a point within an area or a space.
    • Example: The kids were playing in the street.
  • "From" is used to show what the origin of somebody/something is or used to show when something starts.
    • Example: I am from Delhi.
• In the given sentence, the time frame of the campaign has been discussed.
• Thus, it can be concluded from the above explanation that the correct preposition to use will be "from."
• The correct sentence: The Campaign began with the preparatory phase from 14th September 2022 to 30th September 2022 during which the Department identified the pending references in respect of 11 parameters as identified by DAR&PG and their speedy redressal.
• Hence, the correct answer is option 4.

The correct answer is "boasts the largest."

Key Points

• Let us understand the meaning of the given words:
  • "Boats" is the plural form of boat which means a small vehicle used to travel across water.
    • Example: The lure of a better life abroad was tempting thousands of people into rickety boats.
  • "Behests" means a person's orders or command.
    • Example: The budget proposal was adopted at the mayor's behest.
  • "Boasts" is (used about a place) to have something that it can be proud of.
    • Example: The city boasts over a dozen restaurants.
  • "Bequeaths" means to arrange for something to be given to somebody after you have died.
    • Example: He bequeaths one lakh rupees to charity.
• In the given sentence, "Tamil Nadu" is said to be self praising the population of vultures in the state.
• Thus, from the above explanation, it is clear that the word "boasts" will be appropriate for the blank, according to its meaning.

Hence, the correct answer is option 3.

The correct answer is C.

Key Points

• The first sentence is E as it is introducing the topic by mentioning about a meeting.
• The second sentence is D as it mentions that the deputy government also attended the meeting.
• The third sentence is B as it mentions what was said at the meeting.
• The fourth sentence is C. It informs that some other issues were also discussed at the meeting.
• The last sentence is A as it is concluding the passage by mentioning the purpose behind the discussion of these issues.
• Thus the correct sequence is EDBCA.
• The fourth sentence is C.

Additional Information

Concern: to relate to or to worry

Regulator: a person or body that supervises a certain industry

Assessment: evaluation or judgement

The series follows the following pattern

3 × 2 + 0 = 6

6 × 2 + 1.5 = 13.5

13.5 × 2 + 3 = 30

30 × 2 + 4.5 = 64.5

64.5 × 2 + 6 = 135

∴ The missing number = 30

Given that:

Pass percentage of school S = pass percentage of school Q

Students passed in S = 50, students passed in Q = 90

Formula Used:

Percentage = (Actual/Total) × 100

Calculation:

Let the pass percentage of students = x %

So, the total strength of school S = (50/x) × 100 = 5000/x

Total strength of school Q = (90/x) × 100 = 9000/x

The total strength of school Q is more than that of school S = (9000/x) – (5000/x) = 4000/x

The required % = [(4000/x)/(5000/x)] × 100 = (4/5) × 100 = 80%

∴ Total strength of school Q is 80% more than that of school S

Given:

{(√170 × √50)/(∛340 × √123)} of 11² + (4.02)² – (8.9)²

Concept used:

We have to follow the BODMAS rule

Calculation:

√170 ≈ √169

√50 ≈ √49

∛340 ≈ ∛343

√123 ≈ √121

⇒ (13 × 7)/(7 × 11) of 121 + 16 – 81 = ?

⇒ 13/11 of 121 + 16 – 81 = ?

⇒ 143 + 16 – 81 = ?

⇒ ? = 78

∴ The value of ? is 78.

Given:

Milk : Water = 2 : 3, 4 : 5, 5 : 1

Calculation:

The containers are of different capacity so,

2 + 3 = 5, 4 + 5 = 9, 5 + 1 = 6

Let the capacity be 90 liter (L.C.M of 5, 9, 6)

Milk in first container = (90/5) × 2 = 36 liter

Milk in second container = (90/9) × 4 = 40 liter

Milk in third container = (90/6) × 5 = 75 liter

Total Milk = 36 + 40 + 75 = 151 liter

Total Liquid = 90 × 3 = 270 liter

Total water = 119 liter

Required ratio = 119 : 151

∴ The answer is 119 : 151

Important Point

When the capacity of the containers is different to equalize the quantity the L.C.M of the sum of ratios is taken as the common capacity

Posts: Analyst, Architect, CEO, Executive, Manager, Medical Officer, Team Leader and Scientist

Eight cities: Bangalore, Bikaner, Delhi, Hyderabad, Jodhpur, Kochi, Lucknow and Meerut

i) Yi is posted in Bangalore.

ii) Team Leader is posted in Delhi.

iii) Be is a CEO.

iv) Analyst is either posted in Hyderabad or Lucknow.

v) Ps is either Manager or Executive.

vi) The person posted in Lucknow is either Analyst or Scientist.

vii) Executive is posted either in Bikaner or Kochi.

viii) Medical Officer is posted in Jodhpur.

ix) Either Be or Ap is posted in Jodhpur.

x) CEO is posted either in Lucknow or Kochi.

This implies that CEO is posted in Kochi and Executive is posted in Bikaner.

xi) Ps is posted in either Meerut or Hyderabad.

This implies that Ps is a Manager.

xii) Cz is posted either in Delhi or Kochi.

xiii) Manager is posted either in Meerut or Bangalore.

This implies that Manager is from Meerut.

xiv) Architect is not posted in Hyderabad.

Since, Architect does belong to Hyderabad or Lucknow (from vi), Architect is posted in Bangalore.

xv) Xi is either an Architect or an Executive.

xvi) Qr is not an Analyst.

xvii) Zu is not posted in Lucknow.

Hence, ‘Zu – Analyst – Hyderabad’ is the correct combination.

Posts: Analyst, Architect, CEO, Executive, Manager, Medical Officer, Team Leader and Scientist

Eight cities: Bangalore, Bikaner, Delhi, Hyderabad, Jodhpur, Kochi, Lucknow and Meerut

i) Yi is posted in Bangalore.

ii) Team Leader is posted in Delhi.

iii) Be is a CEO.

iv) Analyst is either posted in Hyderabad or Lucknow.

v) Ps is either Manager or Executive.

vi) The person posted in Lucknow is either Analyst or Scientist.

vii) Executive is posted either in Bikaner or Kochi.

viii) Medical Officer is posted in Jodhpur.

ix) Either Be or Ap is posted in Jodhpur.

x) CEO is posted either in Lucknow or Kochi.

This implies that CEO is posted in Kochi and Executive is posted in Bikaner.

xi) Ps is posted in either Meerut or Hyderabad.

This implies that Ps is a Manager.

xii) Cz is posted either in Delhi or Kochi.

xiii) Manager is posted either in Meerut or Bangalore.

This implies that Manager is from Meerut.

xiv) Architect is not posted in Hyderabad.

Since, Architect does belong to Hyderabad or Lucknow (from vi), Architect is posted in Bangalore.

xv) Xi is either an Architect or an Executive.

xvi) Qr is not an Analyst.

xvii) Zu is not posted in Lucknow.

Hence, CEO is posted in Kochi.

Given Details

Twelve friends—Jishnu, Jay, Hari, Balu, Abhi, Keshav, Ambani, Sanju, Daya, Sreerag, Rohan, and Raghu.
Four different villas; Villa A, Villa B, Villa C, Villa D
Each villa has at least two people and at most four people staying.
Villa C has the least number of people staying in it.
Villa B and Villa D have three people staying in each villa.
Here we get Villa C has two people Staying (Two is the least) and Villa B and Villa D have three people staying in each Villa. So the remaining four people will stay in Villa A.

Keshav and Ambani stay together.
Keshav stays in the villa with the least number of people.
Here we get Keshav and Ambani staying together in Villa C

Balu is staying in Villa A. Sanju stays with three other people. Jay stays in a Villa having even number of people. Here Sanju stays with three other people so he stays in Villa A and Jay stays in Villa A, which has an even number of people staying in it.

Sreerag and Abhi stay in the same Villa but not in Villa D. Jishnu stays with 2 other people. Here we get Sreerag and Abhi staying in Villa B. For Jishnu there are 2 cases

Case 1: Jishnu stays in Villa B.

Case 2: Jishnu stays in Villa D.

Rohan and Raghu stay together but not in the Villa B.
Neither Daya nor Hari does not stays in Villa B.
Daya stays with 2 other people only.
Here we get the final case as Hari stays in Villa A and Daya in Villa D

Hence, Sreerag stays with Abhi in the same Villa

The correct answer is In primary markets, securities are issued for the first time to raise capital, while in secondary markets, existing securities are traded among investors.

Key Points

• The primary market is where new securities are issued and sold for the first time. Companies and governments use primary markets to raise capital by issuing stocks, bonds, and other securities.
• In the secondary market, existing securities are bought and sold among investors. The secondary market provides liquidity and the opportunity to buy and sell securities without involving the issuing entity.
• Examples of primary market activities include initial public offerings (IPOs) and bond issuances.
• Secondary markets include stock exchanges such as the New York Stock Exchange (NYSE) and the National Stock Exchange of India (NSE), where investors trade stocks, bonds, and other securities.

Additional Information

• Primary Market
  • Involves the issuance of new securities to raise capital.
  • Includes activities such as initial public offerings (IPOs) and bond issuances.
• Secondary Market
  • Involves the trading of existing securities among investors.
  • Provides liquidity and the opportunity for investors to buy and sell securities without involving the issuing entity.

The correct answer is Shares issued to existing shareholders at a preferential price.

Key Points

• A rights issue allows existing shareholders to purchase additional shares at a preferential price, typically below the current market price.
• This type of issue is used by companies to raise additional capital while giving existing shareholders the opportunity to maintain their proportional ownership.
• Rights issues can help companies fund expansion projects, reduce debt, or meet other financial needs without diluting the ownership stake of existing shareholders.
• The terms of the rights issue, including the price and the number of shares available, are typically specified in the offer to shareholders.

Additional Information

• Rights Issue
  • An offering of additional shares to existing shareholders at a preferential price.
• Share Capital Transactions
  • Include various methods of raising capital, such as rights issues, bonus issues, and initial public offerings (IPOs).

The correct answer is To assist management in planning, decision-making, and performance evaluation.

Key Points

• Management accounting focuses on providing relevant information to managers to aid in planning, decision-making, and controlling business operations.
• It involves analyzing financial and non-financial data to support strategic planning, budgeting, forecasting, and performance evaluation.
• Management accounting helps identify areas for cost reduction, process improvement, and optimal resource allocation.
• Unlike financial accounting, which adheres to GAAP and is geared towards external reporting, management accounting is flexible and tailored to the needs of internal management.

Additional Information

• Management Accounting
  • Aims to assist management in planning, decision-making, and performance evaluation.
  • Involves analyzing both financial and non-financial data.
• Objectives of Management Accounting
  • Supporting strategic planning and decision-making.
  • Enhancing performance measurement and control.
  • Facilitating budgeting and forecasting processes.
  • Identifying areas for cost savings and efficiency improvements.

The correct answer is The company must file a private placement offer letter with the Registrar of Companies (RoC) before issuing any securities.

Key Points

• Private placement allows companies to raise capital by issuing securities to a select group of investors.
• The offer or invitation to subscribe to securities through private placement must be made to no more than 200 persons in aggregate in a financial year, excluding qualified institutional buyers and employees of the company.
• Companies must file a private placement offer letter with the RoC in Form PAS-4 before issuing any securities.
• All payments for securities under private placement must be made through banking channels and not in cash.
• A special resolution from the company's shareholders is required to approve the private placement.

Additional Information

• Private Placement
  • A method for raising capital by issuing securities to a select group of investors.
  • Requires filing a private placement offer letter with the RoC in Form PAS-4.
  • Payments must be made through banking channels and not in cash.
  • A special resolution from shareholders is required for approval.
• Offer Limit
  • Cannot exceed 200 persons in aggregate in a financial year, excluding qualified institutional buyers and employees of the company.

The correct answer is Dividends can be declared from profits of the current year or accumulated profits of previous years, after providing for depreciation.

Key Points

• Dividends can be declared out of profits of the current year or out of the accumulated profits of previous years after providing for depreciation.
• Dividends must be paid within 30 days from the date of declaration.
• Interim dividends can be declared from the surplus in the profit and loss account and profits of the financial year in which such interim dividend is sought to be declared.
• Dividends once declared can be revoked only with the approval of the shareholders in a general meeting.

Additional Information

• Dividend Declaration
  • Can be from current year profits or accumulated profits of previous years after providing for depreciation.
  • Must be paid within 30 days from the date of declaration.
• Interim Dividend
  • Can be declared from the surplus in the profit and loss account and profits of the financial year.
• Revocation of Dividend
  • Dividends once declared can be revoked only with the approval of the shareholders in a general meeting.

The correct answer is provide loans and other financial services but do not accept demand deposits.

In News

• One of the key differences between commercial banks and non-banking financial institutions (NBFIs) is that NBFIs provide loans and other financial services but do not accept demand deposits.

Key Points

• NBFIs provide a variety of financial services, including loans, insurance, leasing, and investment management.
• Unlike commercial banks, NBFIs do not accept demand deposits from the public.
• NBFIs often serve niche markets and provide specialized financial products that may not be available through traditional banking channels.
• They are subject to different regulatory frameworks compared to commercial banks, although they are still overseen by financial regulatory authorities to ensure stability and consumer protection.

The correct answer is GDP is calculated by summing up consumption, investment, government spending, and net exports.

Key Points

• Gross Domestic Product (GDP) measures the total market value of all final goods and services produced within a country in a given period.
• GDP is calculated by summing up consumption, investment, government spending, and net exports (exports minus imports).
• GDP includes the value of goods and services produced by both residents and non-residents within the country's borders.
• It does not include the value of intermediate goods to avoid double counting.
• GDP is different from Gross National Product (GNP), which includes the income earned by residents from abroad and excludes the income earned by foreigners within the country.

The correct answer is A manager using technical jargon that is not understood by the employees.

Key Points

• Semantic barriers arise from differences in the understanding and interpretation of words and symbols.
• Using technical jargon, complex language, or specialized terms that are not familiar to the audience can create semantic barriers.
• Effective communication requires using clear, simple, and common language to ensure the message is understood by all parties.
• Other barriers to communication include physical barriers (e.g., noise), psychological barriers (e.g., anxiety), and organizational barriers (e.g., hierarchical structure).

Additional Information

• Semantic Barriers
  • Caused by differences in understanding and interpretation of words, symbols, and phrases used in communication.
• Examples of Barriers
  • Physical Barriers: Environmental factors that hinder communication, such as noise and distance.
  • Psychological Barriers: Emotional and mental factors that affect communication, such as anxiety and prejudice.
  • Organizational Barriers: Structural factors within an organization that impede communication, such as hierarchical levels.

The correct answer is It facilitates the immediate exchange of currencies at current market rates.

Key Points

• The spot market is where currencies are traded for immediate delivery, typically within two business days.
• Transactions in the spot market occur at current market exchange rates, known as spot rates.
• The spot market provides liquidity and facilitates the quick exchange of currencies for international trade and investment purposes.
• It contrasts with the forward market, where transactions are agreed upon today but settled at a future date at predetermined rates.

Additional Information

• Spot Market
  • Facilitates the immediate exchange of currencies at current market rates.
  • Transactions are typically settled within two business days.
• Contrast with Forward Market
  • Forward market transactions are agreed upon today but settled at a future date at predetermined rates.

The correct answer is To ensure that actual performance aligns with budgeted targets through continuous monitoring and corrective actions.

Key Points

• Budgetary control involves the continuous comparison of actual performance with budgeted targets to identify variances and implement corrective actions.
• This process helps management ensure that the organization's resources are used efficiently and effectively to achieve strategic objectives.
• Budgetary control provides a framework for financial discipline, accountability, and performance evaluation by setting financial targets and monitoring progress.
• It aids in decision-making by providing insights into areas where performance deviates from expectations, enabling timely adjustments to plans and strategies.

Additional Information

• Budgetary Control
  • Involves continuous comparison of actual performance with budgeted targets.
  • Helps in identifying variances and implementing corrective actions.
• Applications
  • Ensures efficient and effective use of resources to achieve strategic objectives.
  • Provides a framework for financial discipline, accountability, and performance evaluation.
  • Aids in decision-making by highlighting areas of performance deviation and enabling timely adjustments.

The correct answer is A marketing manager and a sales manager discussing a coordinated strategy for a product launch.

Key Points

• Lateral communication occurs between employees or departments at the same hierarchical level within an organization.
• It facilitates coordination, collaboration, and the sharing of information across different functions or departments.
• Examples include discussions, meetings, and information sharing between colleagues or managers of different departments.
• This type of communication helps in ensuring that all parts of the organization are aligned and working towards common goals.

Additional Information

• Lateral Communication
  • Involves the flow of information between individuals or departments at the same level within an organization.
• Other Types of Communication
  • Upward Communication: Information flow from lower levels to higher levels in the organizational hierarchy.
  • Downward Communication: Information flow from higher levels to lower levels in the organizational hierarchy.

The correct answer is Increases its share capital without raising fresh funds.

Key Points

• Bonus shares are issued to existing shareholders free of cost, based on the number of shares already held.
• This increases the company's share capital by capitalizing its reserves or surplus.
• While the total number of shares outstanding increases, the value per share is adjusted so that the total market capitalization remains the same.
• Bonus shares are a way for companies to reward shareholders without distributing cash dividends.

Additional Information

• Bonus Shares
  • Free additional shares given to existing shareholders, capitalized from the company's reserves.
• Share Capital
  • The total value of the shares issued by a company, representing the ownership interest of shareholders.

The correct answer is It involves assigning costs to a group of similar products manufactured together.

Key Points

• Batch costing is used in industries where products are manufactured in batches or lots, allowing for cost allocation to groups of similar items.
• It helps in determining the cost per unit by dividing the total cost of the batch by the number of units produced in that batch.
• This method is suitable for industries like pharmaceuticals, food processing, and consumer electronics where products are produced in specific quantities.
• Batch costing ensures that all production costs, including materials, labor, and overhead, are accurately assigned to each batch for precise cost control and pricing.

Additional Information

• Batch Costing
  • Assigns costs to groups of similar products manufactured together in batches.
  • Determines the cost per unit by dividing the total cost of the batch by the number of units produced.
• Suitable Industries
  • Pharmaceuticals, food processing, consumer electronics.

The correct answer is Motivating.

Key Points

• The classical management functions are
  • planning,
  • organizing,
  • directing, and
  • controlling.
• Planning involves setting objectives and determining the best course of action to achieve them.
• Organizing involves arranging resources and tasks to achieve the objectives.
• Directing involves leading and guiding employees to perform tasks.
• Controlling involves monitoring and evaluating progress towards objectives and making necessary adjustments.
• Motivating, although important, is often considered part of the directing function rather than a separate function.