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SIDBI Assistant Manager Mock Test - 9 - Banking Exams MCQ


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30 Questions MCQ Test - SIDBI Assistant Manager Mock Test - 9

SIDBI Assistant Manager Mock Test - 9 for Banking Exams 2025 is part of Banking Exams preparation. The SIDBI Assistant Manager Mock Test - 9 questions and answers have been prepared according to the Banking Exams exam syllabus.The SIDBI Assistant Manager Mock Test - 9 MCQs are made for Banking Exams 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for SIDBI Assistant Manager Mock Test - 9 below.
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SIDBI Assistant Manager Mock Test - 9 - Question 1

Directions to Solve: In each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and

Give answer:
- (A) If the data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question
- (B) If the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question
- (C) If the data either in statement I alone or in statement II alone are sufficient to answer the question
- (D) If the data given in both statements I and II together are not sufficient to answer the question and
- (E) If the data in both statements I and II together are necessary to answer the question.

Question: How many children are there between P and Q in a row of children ?
Statements:
I.P is fifteenth from the left in the row.
II.Q is exactly in the middle and there are ten children towards his right.

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 1

Correct option is E)

From II, Q being in the middle, there are 10 children to his right as well as to his left. So, Q is 11th from the left.
From I, P is 15th from the left.
Thus, from both I and II, we conclude that there are 3 children between P and Q

SIDBI Assistant Manager Mock Test - 9 - Question 2

Direction: Study the following information carefully and answer the questions given below.
An Art and Culture exhibition is being organised in Pondicherry. 5 different states will represent their art in the exhibition during six days of a week, starting Monday and ending on Saturday. One of these days shall be a rest day.
- The five participating states include - Andhra Pradesh, mango, Punjab, Uttarakhand and Gujarat
- Only one state can put up their exhibition per day
- The rest day is between the days when Andhra Pradesh and Gujarat exhibit their art
- Punjab will put up their art work right before Uttrakhand
- There is a gap of 2 days between Gujarat and Punjab’s exhibition. Gujarat organised the exhibition before Punjab
- mango does not organise the exhibition on Saturday

Q. The exhibition of which state is organised on Thursday? 

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 2

SIDBI Assistant Manager Mock Test - 9 - Question 3

Direction: Study the following information carefully and answer the questions given below.
An Art and Culture exhibition is being organised in Pondicherry. 5 different states will represent their art in the exhibition during six days of a week, starting Monday and ending on Saturday. One of these days shall be a rest day.
- The five participating states include - Andhra Pradesh, mango, Punjab, Uttarakhand and Gujarat
- Only one state can put up their exhibition per day
- The rest day is between the days when Andhra Pradesh and Gujarat exhibit their art
- Punjab will put up their art work right before Uttrakhand
- There is a gap of 2 days between Gujarat and Punjab’s exhibition. Gujarat organised the exhibition before Punjab
- mango does not organise the exhibition on Saturday

Q. Which state’s exhibition is organised on Saturday? 

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 3

SIDBI Assistant Manager Mock Test - 9 - Question 4

I start from my home and go 2 km straight. Then, I turn towards my right and go 1 km. I turn again towards my right and go 1 km. If now I am north-west from my home, then in which direction did I start in the beginning?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 4

Clearly, the route is as shown in figure A.

It is given that the person is finally to the north-west of his house. Rotating figure A 90° anticlockwise, we obtain figure B satisfying the specified conditions.

It is evident from the figure that the direction of walking in the beginning was west.

SIDBI Assistant Manager Mock Test - 9 - Question 5

Directions: Study the following information carefully and answer the question given below.

In a certain code language:
'done booklet for report' is coded as l@2 v#7 l%6 l#5.
'mathematics question wrong answer' is coded as m#7 i@4 f$9 z$10.
'room allowed each marks' is coded as z#5 z@4 o%6 l#5.
'candid yellow chocolate electrons' is coded as z#7 s$8 v#7 o%8.

Q. What does code ''m%9 v%6 y%6'' represe

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 5

Symbols used in the code language:
If number of vowels in the word is 1, then symbol is '@'.
If number of vowels in the word is 2, then symbol is '#'.
If number of vowels in word is 3, then symbol is '%'.
If number of vowels in the word is 4, then symbol is '$'.
Numbers used in code language:
If total number of letters in the word is even, then add 1 to the total number of letters.
If total number of letters in the word is odd, then subtract 1 from the total number of letters.
Letter used in the code is the letter opposite in terms of position to second letter from the left end of the word, as per English alphabet.
So, code 'v%6' stands for 'general'.
Code 'y%6' stands for 'abstain'.
Code 'm%9' stands for 'indigent'.

SIDBI Assistant Manager Mock Test - 9 - Question 6

Direction: In each question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.

Statements: People who speak too much against dowry are those who had taken it themselves.

Conclusions:

  1. It is easier said than done.
  2. People have double standards.
Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 6

The statement clearly implies that it is easier to say than to do something and what people say is different from what they do. So, both I and II follow.

SIDBI Assistant Manager Mock Test - 9 - Question 7

In a school, final selection list of the class 12th students who opted for extracurricular activities was posted in the corridor. In the list Vikas was ranked 18th from the top and 36th from the bottom among those who got selected. 12 students did not opt for any extracurricular activity and 7 were disqualified from it. How many students were there in the class?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 7

Total number of students who got selected = (Vikas's rank from the top + Vikas's rank from the bottom) - 1 = 18 + 36 - 1 = 53
Hence, total number of students who were in class 12th = 53 + 12 + 7 = 72
Hence, the correct answer is option B.

SIDBI Assistant Manager Mock Test - 9 - Question 8

A car travels first 160 km at 64 km/hr and the next 160 km at 80 km/hr. What is the average speed for the first 320 km of the tour?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 8

Total time taken = (160/64) + (160/80) = 9/2 hrs
∴ Average speed = 320 x (2/9) = 71.11 km/hr.

SIDBI Assistant Manager Mock Test - 9 - Question 9

Pipe A and B can fill a Tank alone in 48 Hours and 24 Hours respectively. Another Pipe C can empty the same Tank alone in 36 Hours. In an empty Tank for the First hour, Pipe A is opened alone, Second Hour pipe B is opened alone, Third Hour pipe C is opened alone. This process is continued until the Tank is filled. Then Pipe B is opened for How many Hours?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 9

3 Hours work = (1/48+1/24-1/36) = 5/144 28* 3hours = 140/144
remaining part = 4/144 = 1/36
Now it’s A turn = 1/36-1/48
= 1/144 left
Now it’s B turn = 1/144*24 = 1/6 hour = 10 min
Total B = 28 Hours + 10 Min

SIDBI Assistant Manager Mock Test - 9 - Question 10

In a right angled triangle, find the hypotenuse if base and perpendicular are respectively 36015 cm and 48020 cm.

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 10


Let hypotenuse = x cm
Then, by Pythagoras theorem:
x2 = (48020)2 + (36015)2
x ⇒ 60025 cm

SIDBI Assistant Manager Mock Test - 9 - Question 11

Study the following table and answer the questions.

Classification of 100 Students Based on the Marks Obtained by them in Physics and Chemistry in an Examination.

Q. The number of students scoring less than 40% marks in aggregate is?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 11

We have 40% of 50 

∴ Required number
= Number of students scoring less than 20 marks in aggregate
= 100 - Number of students scoring 20 and above marks in aggregate
= 100 - 73
= 27.

SIDBI Assistant Manager Mock Test - 9 - Question 12

Directions: Study the following bar chart carefully and answer the questions given beside.
The number of people who visited four different places in two different years are given.

Q. What is difference between the sum of the number of people who visited Qutub Minar and India Gate in 2012 together and the sum of the number of people who visited Lotus Temple and India Gate in 2013 together?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 12

The sum of the number of people who visited Qutub Minar and India Gate in 2012 together = (360 + 300) = 660
The sum of the number of people who visited Lotus Temple and India Gate in 2013 together = (420 + 240) = 660
 Difference = (660 – 660) = 0
Hence, option E is correct.

SIDBI Assistant Manager Mock Test - 9 - Question 13

Directions: Study the following bar chart carefully and answer the questions given beside.
The number of people who visited four different places in two different years are given.

Q. What is the ratio of the number of people who visited Qutub Minar and India Gate in 2013 together and the number of people who visited Lotus Temple and Taj Mahal in 2012 together respectively?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 13

The number of people who visited Qutub Minar and India Gate in 2013 together = (420 + 240) = 660
 The number of people who visited Lotus Temple and Taj Mahal in 2012 together = (320 +280) = 600
 Required ratio = 660 : 600 = 11 : 10
 Hence, option E is correct.

SIDBI Assistant Manager Mock Test - 9 - Question 14

The given Line graph Data Interpretation Chart shows the sales of shoes (in thousands) from six stores in six different cities Kolkata, Patna, Dhanbad, Ranchi, Asansol, and Gaya during three consecutive years 2014, 2015 and 2016.

Q. What is the ratio of the total sales of Patna store for three years to the total sales of Asansol store for three years?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 14

Number of Campus shoes seles on Patna store in 2014 = 80
Number of Campus shoes seles on Patna store in 2015 = 120
Number of Campus shoes sales on Patna store in 2015 = 140
Total numbers of Campus shoes seles  on Patna store in these three years = 80 + 120 + 140 = 340
Number of Campus shoes seles on Asansol store in 2014 = 150
Number of Campus shoes seles on Asansol store in 2015 = 210
Number of Campus shoes sales on Asansol store in 2015 = 280
Total numbers of Campus shoes seles  on Asansol store in these three years = 150 + 210 + 280 = 640

Hence, required ratio = 340/640 = 17 : 32

SIDBI Assistant Manager Mock Test - 9 - Question 15

The given Line graph Data Interpretation Chart shows the sales of shoes (in thousands) from six stores in six different cities Kolkata, Patna, Dhanbad, Ranchi, Asansol, and Gaya during three consecutive years 2014, 2015 and 2016.

Q. What is the ratio of average sales of Campus shoes of all the stores for the year 2014 to average sales of Campus shoes of all the stores for the year 2015?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 15

Number of Campus shoes sales on Kolkata store in 2014 = 120
Number of Campus shoes sales on Patna store in 2014 = 80
Number of Campus shoes sales on Dhanbad store in 2014 = 140
Number of Campus shoes sales on Ranchi store in 2014 = 90
Number of Campus shoes sales on Asansol store in 2014 = 150
Number of Campus shoes sales on Gaya store in 2014 = 70
Average sales of Campus shoes of all the stores for the year 2014

Number of Campus shoes sales on Kolkata store in 2015 = 250
Number of Campus shoes sales on Patna store in 2015 = 120
Number of Campus shoes sales on Dhanbad store in 2015 = 230
Number of Campus shoes sales on Ranchi store in 2015 = 180
Number of Campus shoes sales on Asansol store in 2015 = 210
Number of Campus shoes sales on Gaya store in 2015 = 160
Average sales of Campus shoes of all the stores for the year 2015

SIDBI Assistant Manager Mock Test - 9 - Question 16

Directions: Study the following information carefully and answer the questions given beside.

In a dance class there are a total of 538 students who take admission to learn Salsa and Hip-hop dance. Each student learns single dance form only. Boys who learn Salsa dance is 70% of girls who learn Salsa dance. Girls who learn Hip-hop is 20 more than boys who learn Hip-hop dance. Girls who learn Salsa dance is same as Boys who learn Hip-hop dance.

Q. The number of boys who took admission in Salsa is what percent of the total number of students who took admission in Hip-hop dance?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 16

Following the common explanation, we get
Number of boys who admission part in Salsa = 98
Total number of students who took admission in Hip-hop dance = 140 + 160 = 300
Reqd. % == 32.66%
Hence, option A is correct.

Common explanation : 
In Salsa: let the number of girls be 10x, number of boys will be 7x.
In Hip-hop: number of boys is 10x, number of girls will be 10x + 20.
So,
37x + 20 = 538
x = 518/37
x = 14

SIDBI Assistant Manager Mock Test - 9 - Question 17

Directions: Study the following information carefully and answer the questions given beside.

In a dance class there are a total of 538 students who take admission to learn Salsa and Hip-hop dance. Each student learns single dance form only. Boys who learn Salsa dance is 70% of girls who learn Salsa dance. Girls who learn Hip-hop is 20 more than boys who learn Hip-hop dance. Girls who learn Salsa dance is same as Boys who learn Hip-hop dance.

Q. If the number of girls in the Hip-hop is increased by 10% then by what percent the number of girls in Salsa should be decreased so that the total number of students i.e., 538 remains same? 

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 17

Following the common explanation, we get
Number of girls in Hip-hop is increased by 10% i.e., 160 (1.1) = 176
So, extra 176 – 160 = 16 girls are increased.
Since, the total 538 remains same, so 16 girls should be removed from girls of Salsa dance.
So, 16 girls should be removed from 140 girls
Reqd % = (16/140)* 100 = 11.43%
Hence, option E is correct.

Common explanation : 
In Salsa: let the number of girls be 10x, number of boys will be 7x.
In Hip-hop: number of boys is 10x, number of girls will be 10x + 20.
So,
37x + 20 = 538
x = 518/37
x = 14

SIDBI Assistant Manager Mock Test - 9 - Question 18

In the following questions four alternatives are given for the idiom/phrase italicised and underlined in the sentence. Choose the alternative which best expresses the meaning of idiom/phrase. 

 

Q. Companies producing goods play to the gallery to boost their sales.

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 18

play to the gallery: to behave in a way intended to make people admire or support you.

Hence, option c is the exact match of this i.e. attempt to appeal to popular taste.

SIDBI Assistant Manager Mock Test - 9 - Question 19

Direction: In each of the questions given below, a sentence is given with two blanks. From the given options, choose the one that gives the correct combination of words that fit in the blanks.

Arguably, the ____________ for fiscal concessions is limited given the overall revenue scenario, but the government can certainly push for further ____________ to incentivise investment.

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 19

According to the given context, it is regarding the fact that the revenue scenario of the country is not going to ensure that further fiscal concessions will be possible but one thing that can be done is to incentivize the investment by the government. That will be the best way forward for our economy. Among the given words in options, the pair in Option B will fit in both the blanks in the given sentence whereas the rest are not correct as per the context of the sentence.

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

SIDBI Assistant Manager Mock Test - 9 - Question 20

Direction: The sentences given in the question, when properly sequenced, form a coherent paragraph. Each sentence is labeled with a letter. Choose the most logical order of sentences from the given choices to construct a coherent paragraph.

A. The reader's mind naturally seeks to complete the shapes, and in doing so, it slows down the reading process and improves memory.

B. Based on this idea, a new font, Sans Forgetica, has been created by psychology and design researchers at RMIT University in Melbourne.

C. Sans Forgetica is sleek and back-slanted with intermittent gaps in each letter, which serve as a simple puzzle for the reader.

D. People remember things better when their brains have to overcome minor obstacles while processing information.

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 20

Sentences B and C relate to Sans Forgetica. Of these, B is the one that introduces us to Sans Forgetica, describing it as a "new font". So, B precedes C.

Now, B states that Sans Forgetica has been "based on this idea". What could this idea be? D provides the answer: people remember things better when they have to overcome some minor obstacles while processing information. So, B follows D.

Consider A. It states that the reader's mind tries to complete "the shapes". It is not clear from the unit DB what these shapes are. However, C, which describes Sans Forgetica as a font with "intermittent gaps in each letter" clarifies what A refers to. Sans Forgetica has letters with intermittent gaps in them. While reading this font, the reader's mind seeks to complete the shapes. So, A follows C.

Putting these together, we see that DBCA is the right order.

The question is " Arrange the sentences in the correct order "
The order is DBCA

Hence, the answer is DBCA
Choice B is the correct answer.

SIDBI Assistant Manager Mock Test - 9 - Question 21

Direction: Read the following passage and answer the question that follows.

An AC 3-Tier train ticket on the Delhi-Mumbai Rajdhani, under the Tatkal quota, is priced at around Rs. 2,900, where about a third — over Rs. 800 or 28 per cent — is charged as “dynamic pricing”. It is such high pricing that the majority of people probably referred to it when they voted in LocalCircles’ citizens’ poll.

Tatkal charges are extra charges levied for last minute booking by train passengers and form a part of dynamic charges in a ticket.

Tatkal fares have become “excessive”, said almost three-fourth (74 per cent) of the 8,165 people who answered a query on their experience with Tatkal ticket fares on LocalCircles, a citizen interaction platform. Almost one-fifth polled found the charges “reasonable”. Five per cent even found the charges “quite low”.

Almost 80 percent of people found the ticket cancellation charges high, and desired that such charges on Tatkal tickets be lowered. For seven questions, LocalCircles received votes from over 27,000 participants from over 200 districts. “Railway travellers from Vadodara to Bhubaneswar and from Jammu Tavi to Tirunelveli participated in this survey,” said Sachin Taparia, Founder, LocalCircles.

Almost half of the people who voted were from tier-1 cities, 30 percent from tier-2 cities and 22 per cent from tier-3 and rural locations. Almost 40 per cent of people who participated in the poll were females.

From the 7,739 people who voted on the question “how has cleanliness of trains and railway stations improved in the last 12 months”, about four-fifth felt there was an improvement. Specifically, 39 per cent felt there was marginal improvement, 38 per cent voted for “significant improvement”. Over a fifth (23 per cent) of train customers felt there was no improvement, including five per cent who felt the cleanliness of trains and stations have worsened.

Almost 46 per cent of 8,000-odd people found the food served in trains edible though not delicious, while four per cent found the food catered delicious. 31 per cent said the food was unhygienic or inedible, while 19 per cent were “unsure” about judging the quality of food.

On punctuality of trains, 66 percent of 8,122 people who took the poll during the last 12 months said the trains were delayed by upto one hour.

There is scope to make the India Railway Catering and Tourism Corporation Website more consumer-oriented and scope to improve food hygiene standards.

Q. Which among the following is correct regarding the cleanliness in trains run by the Indian Railways, as described in the passage?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 21

Refer to, “From the 7,739 people who voted on the question “how has cleanliness of trains and railway stations improved in last 12 months”, about four-fifth felt there was an improvement. Specifically, 39 per cent felt there was marginal improvement, 38 per cent voted for “significant improvement”. Over a fifth (23 per cent) of train customers felt there was no improvement, including five per cent who felt the cleanliness of trains and stations have worsened.”

It is clear from the above lines that most of the people who voted in the survey felt that there is a sense of improvement in the level of cleanliness in the trains run by the Indian Railways whereas very few felt that there was no improvement in the level of cleanliness, rather the same had deteriorated in the past year.

Among the given options, it is very clear that only option D can be considered since it describes the proper results of voting with regard to the cleanliness in the trains run by Indian Railways.

This makes option D the correct choice among the given options.

SIDBI Assistant Manager Mock Test - 9 - Question 22

Direction: Read the following passage carefully and answer the following questions.

The Bureau of Indian Standards (BIS) has kicked off the process to set new standards to measure quality of services offered to consumers across different sectors, including telecom, aviation, e-commerce and healthcare.

The BIS, which sets the quality regulations for various products from gold to bottled water, on Friday called a meeting of industry bodies to “persuade them to be part of the process and give their inputs.”

“Service sector is one of the key sectors of the Indian economy with a huge potential to grow into one of the largest markets of the world. Standards can play a major facilitative role in this regard. It is important that the standardisation needs and priorities of the sector are determined,” a senior official said.

During the meeting, the BIS pointed out that the initial focus will be the 12 champion services sectors identified by the government. These include IT, tourism and hospitality, transport and logistics, accounting and finance services, legal services, communication services and construction.

The Bureau of Indian Standards (BIS) standards is set to formulate a framework for quality services that should be provided to consumers and also talk about the benchmarks to deal with consumer complaints or after sales service in an effort to ensure quality in the services sector.

At a meeting with industry bodies on Friday, it has been decided that the BIS will set up a separate ‘divisional council’ for services in a month’s time. Under this, different technical committees will be set up — one for each service. The committees will have various stakeholders such as government officials, experts and industry representatives.

The process was initiated after concerns over lack of standardisation, particularly with regards to after-sales service, in their feedback to the Ministry of Consumer Affairs.

In a poll, online community network LocalCircles found that in the absence of defined customer service standards in the country, a majority of consumers were not happy with after-sales services. As per the poll, 43% feel that mobile handset and computer manufacturers are the worst in after-sales services, followed by white goods firms (38%) and automobile companies (11%). About 93% of respondents said brands should at least acknowledge complaints from users within 72 hours. “Many consumers complained that customer service numbers of many companies do not work,” according to LocalCircles.

Q. Which among the following is true regarding the poll conducted by the community network LocalCircles regarding customer service in India?

I. The mobile phone manufacturers are mostly interested in selling the products without giving much attention to the after sales service
II. Many sectors in India are facing the issue of after sales service in the country and nothing is being done to take care of this issue
III. It is important that the complaints of the customers should be acknowledged first by the service providers

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 22

Refer to, “In a poll, online community network LocalCircles found that in the absence of defined customer service standards in the country, a majority of consumers were not happy with after-sales services. As per the poll, 43% feel that mobile handset and computer manufacturers are the worst in after-sales services, followed by white goods firms (38%) and automobile companies (11%). About 93% of respondents said brands should at least acknowledge complaints from users within 72 hours. “Many consumers complained that customer service numbers of many companies do not work,” according to LocalCircles.”

Statement I is correct since it is clear from the passage that mobile phone manufacturers are the worst service providers in the country according to the online poll conducted by the LocalCircles.

Statement II is also correct since according to the poll, there are many sectors such as mobile, automobile, white goods firms etc. which are facing issues related to the after sales services to the customers.

Statement III is correct since most of the customers feel that the service providers should at least acknowledge the complaints from the customers. 93% of the respondents in the online poll replied that the complaints should be acknowledged within 72 hours.

This makes option E as the correct choice from the given options.

SIDBI Assistant Manager Mock Test - 9 - Question 23

Measures adopted by Cornwallis, the father of Civil Services in India, to check corruption not include:

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 23

Answer: b

Exp: In 1806 Wellesley's college was disapproved by the Court of Directors and instead the East India College was set up at Haileybury in England to impart two years' training to the recruits.

SIDBI Assistant Manager Mock Test - 9 - Question 24

Public Order as an item in the Constitution figures in -

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 24

Public order as an item in the constitution figures in the state list under seventh schedule of the constitution.

SIDBI Assistant Manager Mock Test - 9 - Question 25

Which of the following Muslim rulers enforced price control system?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 25

Alauddin Khilji, the muslim ruler, enforced price control system for the first time. The primary reason of controlling the market by Alauddin was not to reduce the salary of his soldiers but to check the rising prices of different articles in terms of inflation. Alauddin did not fix the prices of the different articles lower than the prevalent prices of those articles in places around Delhi. Besides, the prices fixed by Alauddin were not very different from what we find then afterwards during the reign of Firoz Shah Tughlaq.

SIDBI Assistant Manager Mock Test - 9 - Question 26

In India , the term "Financial Inclusion" was used for the first time in __________ year.

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 26
  • Financial inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.
  • Financial Inclusion, broadly defined, refers to universal access to a wide range of financial services at a reasonable cost. These include not only banking products but also other financial services such as insurance and equity products.
  • RBI has adopted a bank-led model for achieving financial inclusion and removed all regulatory bottle necks in achieving greater financial inclusion in the country.  
  • In the Indian context, the term ‘Financial Inclusion' was used for the first time in April 2005 in the Annual Policy Statement presented by Y.Venugopal Reddy, the then Governor, Reserve Bank of India.
  • Pradhan Mantri Jan-Dhan Yojana, the National Mission for Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
  • This Financial Inclusion campaign was launched by the Hon'ble Prime Minister on 28 August 2014.
SIDBI Assistant Manager Mock Test - 9 - Question 27

SIDBI provides financial assistance in the following forms :
(i) Bills financing
(ii) Project financing
(iii) Re-finance assistance
(iv) Resource support to institutions
Which of the following sequence is correct ?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 27

SIDBI majorly follows 4 major objectives which are Development, Promotion, Coordination and Financing. Some of its key functions include:

  1. SIDBI offers financial support to MSMEs, Small Scale Industries (SSIs), and other service sectors
  2. It provides funding via banks, NBFCs, SFCs, and other financial institutions
  3. SIDBI aims to create equilibrium in the financial sector by strengthening credit flows and promoting skill development.
SIDBI Assistant Manager Mock Test - 9 - Question 28

Industrial Finance Corporation of India(IFCI) was the first industrial financing institution set up to provide medium and long-term financial assistance to large-scale industrial undertakings. When was it established?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 28

IFCI was India's first industrial financing institution, founded shortly after independence. The Industrial Finance Corporation of India Act 1948 established it as a statutory corporation in July 1948. It has now been converted into a joint-stock company under the Companies Act of 1956, with effect from July 1, 1993.

SIDBI Assistant Manager Mock Test - 9 - Question 29

Which two countries signed a Memorandum of Understanding on electoral cooperation?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 29

 The Election Commission of India and Electoral Tribunal (ET) of Panama signed a Memorandum of Understanding in Panama City to establish the institutional framework for their ongoing cooperation in the field of election management and administration.

SIDBI Assistant Manager Mock Test - 9 - Question 30

Which country secured the first position in the World Archery Youth Championships 2023?

Detailed Solution for SIDBI Assistant Manager Mock Test - 9 - Question 30

Korea secured the first position in the World Archery Youth Championships 2023 by winning a total of 10 medals, including six gold and four silver. India finished second in the championship, winning a total of 11 medals, including six gold, one silver, and four bronze.

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