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SSC CGL (Tier II) Practice Test - 11 - SSC CGL MCQ


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30 Questions MCQ Test SSC CGL Tier II Mock Test Series 2024 - SSC CGL (Tier II) Practice Test - 11

SSC CGL (Tier II) Practice Test - 11 for SSC CGL 2024 is part of SSC CGL Tier II Mock Test Series 2024 preparation. The SSC CGL (Tier II) Practice Test - 11 questions and answers have been prepared according to the SSC CGL exam syllabus.The SSC CGL (Tier II) Practice Test - 11 MCQs are made for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for SSC CGL (Tier II) Practice Test - 11 below.
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SSC CGL (Tier II) Practice Test - 11 - Question 1

What is the probability of selecting a prime number from 1,2,3,... 10 ?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 1

Total count of numbers, n(S) = 10

Prime numbers in the given range are 2,3,5 and 7
Hence, total count of prime numbers in the given range, n(E) = 4

SSC CGL (Tier II) Practice Test - 11 - Question 2

3 balls are drawn randomly from a bag contains 3 black, 5 red and 4 blue balls. What is the probability that the balls drawn contain balls of different colors?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 2

Total number of balls = 3 + 5 + 4 = 12

Let S be the sample space.
n(S) = Total number of ways of drawing 3 balls out of 12 = 12C3

Let E = Event of drawing 3 different coloured balls

To get 3 different coloured balls,we need to select one black ball from 3 black balls,
one red ball from 5 red balls, one blue ball from 4 blue balls

Number of ways in which this can be done = 3C1 × 5C1 × 4C1
i.e., n(E) = 3C1 × 5C1 × 4C1

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SSC CGL (Tier II) Practice Test - 11 - Question 3

The following table shows the number of new employees added to different categories of employees in a company and also the number of employees from these categories who left the company every year since the foundation of the Company in 1995.

Q. What is the difference between the total number of Technicians added to the Company and the total number of Accountants added to the Company during the years 1996 to 2000?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 3

Required difference is: 

= (272 + 240 + 236 + 256 + 288) - (200 + 224 + 248 + 272 + 260)
= 88

SSC CGL (Tier II) Practice Test - 11 - Question 4

What percent of the average sales of branches B1, B2 and B3 in 2001 is the average sales of branches B1, B3 and B6 in 2000?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 4

SSC CGL (Tier II) Practice Test - 11 - Question 5

Total sales of branches B1, B3 and B5 together for both the years (in thousand numbers) is?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 5

SSC CGL (Tier II) Practice Test - 11 - Question 6

Study the following line graph and answer the questins.
Exports from Three Companies Over the Years (in Rs. crore)

Q. Average annual exports during the given period for Company Y is approximately what percent of the average annual exports for Company Z?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 6

Analysis of the graph: From the graph it is clear that

 

  1. The amount of exports of Company X (in crore Rs.) in the years 1993, 1994, 1995, 1996, 1997, 1998 and 1999 are 30, 60, 40, 70, 100, 50 and 120 respectively.

  2. The amount of exports of Company Y (in crore Rs.) in the years 1993, 1994, 1995, 1996, 1997, 1998 and 1999 are 80, 40, 60, 60, 80, 100 and 140 respectively.

  3. The amount of exports of Company Z (in crore Rs.) in the years 1993, 1994, 1995, 1996, 1997, 1998 and 1999 are 60, 90,, 120, 90, 60, 80 and 100 respectively.

 

Average annual exports (in Rs. crore) of Company Y during the given period 

Average annual exports (in Rs. crore) of Company Z during the given period

SSC CGL (Tier II) Practice Test - 11 - Question 7

Study the following line graph and answer the questins.
Exports from Three Companies Over the Years (in Rs. crore)

Q. In which year was the difference between the exports from Companies X and Y the minimum?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 7

The difference between the exports from the Companies X and Y during the various years are:

In 1993 = Rs. (80 - 30) crores = Rs. 50 crores.

In 1994 = Rs. (60 - 40) crores = Rs. 20 crores.

In 1995 = Rs. (60 - 40) crores = Rs. 20 crores.

In 1996 = Rs. (70 - 60) crores = Rs. 10 crores.

In 1997 = Rs. (100 - 80) crores = Rs. 20 crores.

In 1998 = Rs. (100 - 50) crores = Rs. 50 crores.

In 1999 = Rs. (140 - 120) crores = Rs. 20 crores.

Clearly, the difference is minimum in the year 1996.

SSC CGL (Tier II) Practice Test - 11 - Question 8

Study the following line graph and answer the questins.
Exports from Three Companies Over the Years (in Rs. crore)

Q. What was the difference between the average exports of the three Companies in 1993 and the average exports in 1998?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 8

Average exports of the three Companies X, Y and Z in 1993

Average exports of the three Companies X, Y and Z in 1998

 

SSC CGL (Tier II) Practice Test - 11 - Question 9

Question:

What is the numerical code for 'water' in a certain code?

Statements:

I. The code for 'give me water' is '719'.

II. The code for 'you can bring water for me' is written as '574186'.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 9

Explanation:

In I and II, the common words are 'me' and 'water' and the common code numbers are '7' and '1'. So, the code for 'water' is either '7' or '1'.

SSC CGL (Tier II) Practice Test - 11 - Question 10

Direction: Study the following information and answer the questions that follow:

Five guest lecturers have to be scheduled for students starting from Monday and ending on Friday of the same week. The topics of lectures are maths, science, language, civics, and grooming, not necessarily in the same order. The experts for lectures belong to Hyderabad, Chennai, Mumbai, Delhi, and Jaipur, not necessarily in the same order. Three guest lecturers are females and two are males.

The males will take lectures on alternate days and won't be available on Monday. The expert who belongs to Delhi is a female and is free only on Tuesday. The Civics lecture needs to be scheduled on Wednesday. Neither grooming nor maths can be scheduled for Monday. The language lecture should be scheduled after civics. The grooming expert belongs to Hyderabad. The expert of science neither belongs to Chennai, nor to Jaipur. A female expert belongs to Jaipur.

Q.
The Civics lecture was delivered by an expert from which of the following day?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 10

SSC CGL (Tier II) Practice Test - 11 - Question 11

Directions: The given question is on the basis of following information.

A number and word arrangement machine, when given an input line of words and numbers, re-arranges them by undertaking a specific rule in every step. Given below is the illustration of an input and its steps of re-arrangement.

Input: 8 Camera 3 12 Stardom Umbrella 11 Orange 21 23 Public Apple
Step I - Apple 3 8 Camera 12 Stardom Umbrella 11 Orange 21 23 Public
Step II - Apple 3 8 Camera 12 Umbrella 11 Orange 23 Public Stardom 21
Step III - Apple 3 Orange 11 8 Camera 12 Umbrella 23 Public Stardom 21
Step IV - Apple 3 Orange 11 8 Camera Umbrella 23 Public 12 Stardom 21
Step V - Apple 3 Orange 11 Umbrella 23 8 Camera Public 12 Stardom 21
Step VI - Apple 3 Orange 11 Umbrella 23 Camera 8 Public 12 Stardom 21
Here, step VI is the final step of the given input.

Input for the question is given below:

Input: Ice-cream 18 Elephant 6 31 Brain 12 Praise Owl 13 23 Train

Q. What will be the product of the first number from both ends in step V?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 11

Distribution of words in the given input is as follows.
Words initiating with a vowel - Apple, Orange and Umbrella
Consonants - Camera, Public and Stardom
Prime numbers - 3, 11 and 23
Composite numbers - 8, 12 and 21
The re-arrangement of this input is done using the following logic.
Step 1 - Vowel + smallest prime number at start (Apple 3)
Step 2 - Consonant + largest composite number at last (Stardom 21)
Step 3 - Next vowel + next prime number (Orange 11) and the process continues till step 6.
So, the re-arrangement for the asked Input - Ice-cream 18 Elephant 6 31 Brain 12 Praise Owl 13 23 Train:

Step 1 - Elephant 13 Ice-cream 18 6 31 Brain 12 Praise Owl 23 Train
Step 2 - Elephant 13 Ice-cream 6 31 Brain 12 Praise Owl 23 Train 18
Step 3 - Elephant 13 Ice-cream 23 6 31 Brain 12 Praise Owl Train 18
Step 4 - Elephant 13 Ice-cream 23 6 31 Brain Owl Praise 12 Train 18
Step 5 - Elephant 13 Ice-cream 23 Owl 31 6 Brain Praise 12 Train 18
Step 6 - Elephant 13 Ice-cream 23 Owl 31 Brain 6 Praise 12 Train 18
The numbers are 13 and 18 and the product is 234.

SSC CGL (Tier II) Practice Test - 11 - Question 12

An Indian ship / laden with merchandise / got drowned in the Pacific Ocean / No error.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 12

This statement is wrong: Got drowned in the Pacific Ocean

Correct Statement will be: Sank in the Pacific Ocean.

SSC CGL (Tier II) Practice Test - 11 - Question 13

The Indian radio / which was previously controlled by the British rulers / is free now from the narrow vested interests / No error.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 13

This statement is wrong: Is free now from the narrow vested interests

Correct Statement will be: Is now free from the narrow vested interests.

SSC CGL (Tier II) Practice Test - 11 - Question 14

DirectionsIn questions given below out of four alternatives, choose the one which can be substituted for the given word/sentence.

Q. The study of ancient societies.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 14

One word substitution is Archaeology.

Anthropology is the scientific study of humans, human behavior and societies in the past and present.

Archaeology is the science which studies ancient societies based on their material remains. Through the analysis of objects and those works constructed by ancient peoples, this science can arrive at conclusions about their culture and their ways of life. There are several branches of Archaeology as well as many tools relevant to this science.

History is the past as it is described in written documents, and the study thereof.

Ethnology is (anthropology) the branch of anthropology that studies and compares the different human cultures.

SSC CGL (Tier II) Practice Test - 11 - Question 15

DirectionsIn questions given below out of four alternatives, choose the one which can be substituted for the given word/sentence.

Q. A person who insists on something.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 15

One word substitution is Stickler.

Disciplinarian: A person who believes in or practises firm discipline.

Stickler: A person who insists on a certain quality or type of behaviour.

Instantaneous: Occurring or done instantly.

Boaster: A very boastful and talkative person.

SSC CGL (Tier II) Practice Test - 11 - Question 16

Fill in the blank (1) from suitable given options:

Leadership is one element, probably the most important element, of the overall managerial job. For managerial effectiveness, leadership quality is (1)____. Leadership is not status or (2)____ but rather it is having (3)____ over others. Managers are required to (4)____ the objectives; leadership is exercised to (5)____ them. Leadership is an individual (6)____and is proportional to individual’s own personal  (7)____ to get people to do as he (8)____. Thus leadership can stimulate and (9)____ people to get their willingness and (10)____ for achieving the proposed objectives of the organization.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 16

The correct option for blank 1 is D.
 If you say that one thing is preferable to another, you mean that it is more desirable or suitable.  
Hence, Leadership is one element, probably the most important element, of the overall managerial job. For managerial effectiveness, leadership quality is Preferable. 

SSC CGL (Tier II) Practice Test - 11 - Question 17

Fill in the blank (2) from suitable given options:

Leadership is one element, probably the most important element, of the overall managerial job. For managerial effectiveness, leadership quality is (1)____. Leadership is not status or (2)____ but rather it is having (3)____ over others. Managers are required to (4)____ the objectives; leadership is exercised to (5)____ them. Leadership is an individual (6)____and is proportional to individual’s own personal  (7)____ to get people to do as he (8)____. Thus leadership can stimulate and (9)____ people to get their willingness and (10)____ for achieving the proposed objectives of the organization.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 17

The correct option for blank 2 is B.
Leadership is not status or superiority. 
This is the best suitable word as status presents a position and the next word suitable here is superiority.

SSC CGL (Tier II) Practice Test - 11 - Question 18

Fill in the blank (6) from suitable given options:

Leadership is one element, probably the most important element, of the overall managerial job. For managerial effectiveness, leadership quality is (1)____. Leadership is not status or (2)____ but rather it is having (3)____ over others. Managers are required to (4)____ the objectives; leadership is exercised to (5)____ them. Leadership is an individual (6)____and is proportional to individual’s own personal  (7)____ to get people to do as he (8)____. Thus leadership can stimulate and (9)____ people to get their willingness and (10)____ for achieving the proposed objectives of the organization.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 18

The correct option is D.
Leadership is an individual's ability. 
It is neither technique nor tactic
It is also not power as discussed in previous questions it is not stats or superiority or power. So the best suitable word is ability.
Ability is possession of the means or skill to do something.

SSC CGL (Tier II) Practice Test - 11 - Question 19

Fill in the blank (8) from suitable given options:

Leadership is one element, probably the most important element, of the overall managerial job. For managerial effectiveness, leadership quality is (1)____. Leadership is not status or (2)____ but rather it is having (3)____ over others. Managers are required to (4)____ the objectives; leadership is exercised to (5)____ them. Leadership is an individual (6)____and is proportional to individual’s own personal  (7)____ to get people to do as he (8)____. Thus leadership can stimulate and (9)____ people to get their willingness and (10)____ for achieving the proposed objectives of the organization.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 19

The correct option is B.
Leadership is an individual ability and is proportional to an individual's own personal resources to get people to do as he wishes.
A person can do whatever he wishes with the help of his ability and resources. 

SSC CGL (Tier II) Practice Test - 11 - 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. Good writers use more verbs.

B. However, it is hard to write without verbs.

C. The reason is that if unnecessary words are reduced, the verb-percentage goes up as a mathematical necessity.

D. So “use verbs” is not really good advice; writers have to use verbs, and trying to add extra ones would not turn out well.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 20

Sentence C talks of how verb usage goes up when unnecessary words are reduced. This ties in with sentence A which talks of how good writers use more verbs. It is also clear C follows A.

Sentence B says it is hard to write without verbs. Sentence D adds to this saying that "use verbs" is hence not good advice. Therefore D follows B.

By looking at the sentences we see that sentence A makes a good start to the paragraph.

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

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

SSC CGL (Tier II) Practice Test - 11 - Question 21

Direction: Read the following passage carefully and answer the question given below. Some words are printed in underline in order to help you locate them while answering some of the questions.

The catastrophic monsoon floods in Kerala and parts of Karnataka have revived the debate on whether political expediency trumped science. Seven years ago, the Western Ghats Ecology Expert Panel issued recommendations for the preservation of the fragile western peninsular region. Madhav Gadgil, who chaired the Union Environment Ministry’s WGEEP, has said the recent havoc in Kerala is a consequence of short-sighted policymaking, and warned that Goa may also be in the line of nature’s fury. The State governments that are mainly responsible for the Western Ghats — Kerala, Karnataka, Tamil Nadu, Goa and Maharashtra — must go back to the drawing table with the reports of both the Gadgil Committee and the Kasturirangan Committee, which was set up to examine the WGEEP report. The task before them is to initiate correctives to environmental policy decisions. This is not going to be easy, given the need to balance human development pressures with stronger protection of the Western Ghats ecology. The issue of allowing extractive industries such as quarrying and mining to operate is arguably the most contentious. A way out could be to create the regulatory framework that was proposed by the Gadgil panel, in the form of an apex Western Ghats Ecology Authority and the State-level units, under the Environment (Protection) Act, and to adopt the zoning system that it proposed. This can keep incompatible activities out of the Ecologically Sensitive Zones (ESZs).

At issue in the Western Ghats — spread over 1,29,037 sq km according to the WGEEP estimate and 1,64,280 sq km as per the Kasturirangan panel — is the calculation of what constitutes the sensitive core and what activities can be carried out there. The entire system is globally acknowledged as a biodiversity hotspot. But population estimates for the sensitive zones vary greatly, based on interpretations of the ESZs. In Kerala, for instance, one expert assessment says 39 lakh households are in the ESZs outlined by the WGEEP, but the figure drops sharply to four lakh households for a smaller area of zones identified by the Kasturirangan panel. The goal has to be sustainable development for the Ghats as a whole. The role of big hydroelectric dams, built during an era of rising power demand and deficits, must now be considered afresh and proposals for new ones dropped. Other low-impact forms of green energy led by solar power are available. A moratorium on quarrying and mining in the identified sensitive zones, in Kerala and also other States, is necessary to assess their environmental impact. Kerala’s Finance Minister, Thomas Isaac, has acknowledged the need to review decisions affecting the environment, in the wake of the floods. Public consultation on the expert reports that includes people’s representatives will find greater resonance now, and help chart a sustainable path ahead.

Q. According to the passage, the states affected by the floods should do which among the following to prevent such incidents in the future?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 21

Refer to, “The State governments that are mainly responsible for the Western Ghats — Kerala, Karnataka, Tamil Nadu, Goa and Maharashtra — must go back to the drawing table with the reports of both the Gadgil Committee and the Kasturirangan Committee, which was set up to examine the WGEEP report. The task before them is to initiate correctives to environmental policy decisions.”

It implies from the above lines that the states should ponder over the steps to be taken in order to preserve the ecology of the Western Ghats Area and they should think about implementation of the expert panel report on this issue.

This makes Option C the right choice among the given options.

SSC CGL (Tier II) Practice Test - 11 - Question 22

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

The Supreme Court on Tuesday asked the Union government whether it is giving the over 40 lakh people, excluded from the National Register of Citizens (NRC) in Assam, a “second chance” to gain citizenship by allowing them to produce fresh documents to prove their Indian legacy.

The court was referring to the Standard Operating Procedure (SOP) proposed by the government, which allows a claimant for Indian citizenship to “change his legacy” by submitting additional documents at the ‘claims and objections’ stage. The court asked whether this would amount to “re-doing the claims” of those left out from the draft NRC published on July 30.

A Bench of Justices Ranjan Gogoi and Rohinton Nariman on Tuesday said allowing a claimant to change his legacy would amount to “tinkering with the family tree” and re-doing the verification process.

“You see, a claimant submits documents to prove his legacy from his father. A family tree is drawn, which includes the claimant’s siblings, etc. The authorities verify his claim with each one of the member in the family tree before deciding his claim [for citizenship]. Now, your SOP says that a person can submit fresh documents claiming to prove his legacy from his grandfather. Now, the family tree has to be recreated. Everything has to be re-verified. This amounts to redoing the entire exercise. Why?”, Justice Gogoi asked Attorney General K.K. Venugopal.

Besides, the Bench pointed out, the government, in the beginning, had specified that documents on legacy would be allowed to be filed only once. Now, it has changed tack to permit additional documents to be filed. “Are you not contradicting yourself here?” Justice Gogoi asked Mr. Venugopal.

The court directed Assam State NRC Coordinator Prateek Hajela to file a report on the ramifications of the government's proposal to submit fresh documents. Mr. Hajela has to file his report before September 5, the next date of hearing.

Meanwhile, the court deferred the receipt of claims and objections to a later date. This stage was supposed to start within the next days, on August 30, and would have continued till October 28.

“Allowing a person to suddenly pull out an additional document, that too at the 'claims and objections' stage, will upset the search apple cart,” Justice Nariman observed.

Mr. Venugopal countered that the government is giving “another chance to people who risk losing all their rights”.

To this, Justice Nariman agreed that the court was dealing with “human problems of a huge magnitude”.

“Consequences are so severe that should they be given one more chance. Suppose a claimant has misfired once but can deliver in the next. Why should such a person not be given another chance?” Justice Nariman asked Mr. Hajela, stakeholders and petitioners in the litigation.

To this, Mr. Hajela said reopening of family trees would risk the possibility of “trading of legacies or meeting of minds”. "Giving a second chance would only open trading in legacies. There may be people who are willing to sell the legacies to others,” he said.

The Supreme Court further asked Mr. Hajela to submit a report with a time-frame to carry out the sample re-verification of at least 10 per cent of the names included in the final draft NRC. This is after Mr. Hajela placed before the Bench a district-wise data of the percentage of the population who have been excluded from the final draft NRC.

Q. Which among the following is a possible consequence of the new standard operating procedure adopted by the Government regarding the National Register of Citizens?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 22

Refer to, “To this, Mr. Hajela said reopening of family trees would risk the possibility of “trading of legacies or meeting of minds”. "Giving a second chance would only open trading in legacies. There may be people who are willing to sell the legacies to others,” he said.”

According to the person responsible for the whole exercise in Assam, this new SOP will open the can of worms and there will be widespread corruption in the whole exercise. The citizens will file forged documents and they will try to manipulate the legacies from the actual ones thereby the making the whole exercise futile.

Among the given options, all are out of context alternatives except for option D and E. Now for option E, it is true that the government may have to redo the whole exercise but nowhere in the passage it is mentioned that it will incur double expenses and double manpower and hence, this part is not correct according to the passage.

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

SSC CGL (Tier II) Practice Test - 11 - Question 23

The executive power of the Indian Union is vested in the

SSC CGL (Tier II) Practice Test - 11 - Question 24

Which of the following conditions does NOT favor the development of true Karstic Topography:

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 24

Limestone should not be porous because the water may pass through the rock mass and thus whole rock mass will become weak and will collapse. On the other hand, if limestones are non-porous and thickly bedded, water will infiltrate through joints resulting into effective corrosion of the limestone.

SSC CGL (Tier II) Practice Test - 11 - Question 25

Pravin Amre and Vinod Kambli played for which province in South Africa?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 25

Like Sachin Tendulkar, both Kambli and Amre were coached by Ramakanth Achrekar and played for Mumbai and India.

SSC CGL (Tier II) Practice Test - 11 - Question 26

The first death anniversary day of Sri Rajiv Gandhi was observed as the

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 26

May 21, the death anniversary of ex-prime minister of India, Shri Rajiv Gandhi is also observed as Anti Terrorism Day in India.

SSC CGL (Tier II) Practice Test - 11 - Question 27

Scheduled Banks are included in the _____________ schedule of the RBI Act, 1934.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 27

Banks that are included in the second schedule of the RBI Act, 1934 are considered to be scheduled Banks.

SSC CGL (Tier II) Practice Test - 11 - Question 28

Consider the following statements with respect to “Money Market"
(a) Maturity period of Money market instruments ranges from overnight to 364 days.
(b) Money market is a market for short term debts instruments
(c) Cash management bills are also known as Treasury Bills
(d) Money market instruments are issued only by RBI
Which of the above following statements are true?

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 28
  • Money Market or Working Capital Market refers to the market for short-term requirements and deployment of funds.
  • Money Markets instrument are those instruments which have a maturity period of less than one year.
  • The money market does not deal in cash or money rather it provides a Marketplace for the different credit and financial instruments which includes treasury bills, promissory notes, bill of exchange etc, which are the close substitute of money.
  • Different Instruments of Money Market:
    • Treasury bill
    • Commercial bills
    • Cash management bills(CMBs)
    • Certificates of Deposits (CDs)
    • Commercial Papers (CPs)
    • Money Market Mutual Funds (SEBI)
    • Repo/Reverse Repo Market
    • Discount And Finance House of India (DFHI)
  • Money Market is regulated by both RBI and SEBI
  • Note: Mostly Money market instruments are regulated by RBI except mutual funds which is regulated by the Securities and Exchange Board of India (SEBI)
  • Cash Management Bills(CMBs) have the generic character of Treasury Bills.
  • It means both serve the same purpose but Cash Management Bills are issued for maturities less than 91 days, while Treasury Bills are issued for maturity period of 91 days, 182 days and 364 days. Hence CMBs and Treasury Bills are not the same
SSC CGL (Tier II) Practice Test - 11 - Question 29

________ is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 29

The automated Teller Machine is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.

SSC CGL (Tier II) Practice Test - 11 - Question 30

Any hardware part that enables you to enter information and commands into a computer is referred to as an  ____.

Detailed Solution for SSC CGL (Tier II) Practice Test - 11 - Question 30

Any hardware part that enables you to enter information and commands into a computer is referred to as an input device.

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