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EPFO Assistant Mains Mock Test - 7 - Bank Exams MCQ


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30 Questions MCQ Test Mock Test Series for EPFO Assistant 2026 - EPFO Assistant Mains Mock Test - 7

EPFO Assistant Mains Mock Test - 7 for Bank Exams 2025 is part of Mock Test Series for EPFO Assistant 2026 preparation. The EPFO Assistant Mains Mock Test - 7 questions and answers have been prepared according to the Bank Exams exam syllabus.The EPFO Assistant Mains Mock Test - 7 MCQs are made for Bank Exams 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for EPFO Assistant Mains Mock Test - 7 below.
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EPFO Assistant Mains Mock Test - 7 - Question 1

Directions to Solve

In each of the following questions find out the alternative which will replace the question mark.

Question -

REASON : SFBTPO :: THINK : ?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 1

Hence, the correct ans is UIJOL which is option b.

EPFO Assistant Mains Mock Test - 7 - Question 2

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: Which word in the code language means 'flower' ?
Statements:
I.'de fu la pane' means 'rose flower is beautiful' and 'la quiz' means 'beautiful tree'.
II.'de la chin' means 'red rose flower' and 'pa chin' means 'red tea'.

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 2

To determine which word in the code language means 'flower,' let's analyze the statements.

Statements

Statement I:
'de fu la pane' means 'rose flower is beautiful'
'la quiz' means 'beautiful tree'

Statement II:
'de la chin' means 'red rose flower'
'pa chin' means 'red tea'

Analysis

Statement I Analysis:

  • From 'de fu la pane' = 'rose flower is beautiful', we can identify the words for 'rose', 'flower', 'is', and 'beautiful'.
  • From 'la quiz' = 'beautiful tree', we can identify the words for 'beautiful' and 'tree'.
  • Thus, we have the common word 'la' which appears in both statements, indicating it could be 'beautiful'.

Combining this, we can deduce:

  • 'de' might be 'rose' or 'flower'
  • 'fu' might be 'rose' or 'flower'
  • 'pane' might be 'is' or 'beautiful'
  • 'quiz' means 'tree'
  • 'la' means 'beautiful'

From these deductions, 'flower' can be identified if we compare it with 'de' or 'fu'. But we do not have enough information to exactly determine which one is 'flower'.

Statement II Analysis:

  • From 'de la chin' = 'red rose flower', we have:
    • 'de' = 'red'
    • 'la' = 'rose' (by elimination, because 'chin' has to be 'flower')
  • From 'pa chin' = 'red tea':
    • 'pa' = 'tea'
    • 'chin' = 'red'

Here, 'chin' seems to be 'red', and 'de' is 'flower' which is consistent with the given data.

Since 'chin' = 'red' and 'de' = 'flower', we have clearly identified 'de' as 'flower'.

Conclusion

Statement II alone is sufficient to determine that 'de' means 'flower'.

Statement I alone does not provide sufficient information to identify the word for 'flower' precisely.

Thus, the correct answer is:

(D) 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.

EPFO Assistant Mains Mock Test - 7 - Question 3

A$B means A is not smaller than B A@B means A is neither smaller than nor equal to B A#B means A is neither greater than nor equal to B A&B means A is neither greater than nor smaller than B A*B means A is not greater than B

Q. Statements:

A * E, E $ F, F # O, O 
@ L

Conclusions:

I. L # F
II. E @ O
III. A # O
IV. E @ L

EPFO Assistant Mains Mock Test - 7 - Question 4

Directions: This question given below is followed by two arguments numbered I and II. You have to decide which of the following arguments is a ‘strong’ argument and which is a ‘weak’ argument.
Statement: 
Should corporal punishment be banned in schools?
Arguments: 
I. No. Teachers as responsible adults can be trusted with using the punishment only as a last resort, and on a case-to-case basis.
II. Yes. Hitting a student is only an easy way out to create an image of trying to change the student, whereas there are better options available for fundamentally changing the behaviour of the student.

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 4

If teachers as responsible adults were indeed to be blindly trusted, there was no actual need for such a debate. But experience show that many a times such punishment is inflicted in totally inappropriate and inapt situations. Thus, I is weak. II is self-explanatory and is a strong argument.

EPFO Assistant Mains Mock Test - 7 - Question 5

Directions: This question given below is followed by two arguments numbered I and II. You have to decide which of the following arguments is a ‘strong’ argument and which is a ‘weak’ argument. 
Statement: 
Should there be restrictions on free media?
Arguments: 
I. Yes. Sometimes restrictions are needed to control free media.
II. No. It’s the fourth pillar of our democracy.

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 5

I doesn’t provide any argument, but merely restate the Statement differently. Thus, I is weak. Just because the media is the fourth pillar of democracy doesn’t mean that it should operate without legitimate and rightful restrictions on it. Thus, II is also weak.

EPFO Assistant Mains Mock Test - 7 - Question 6

Directions: This question given below is followed by two arguments numbered I and II. You have to decide which of the following arguments is a ‘strong’ argument and which is a ‘weak’ argument.
Statement: 
Should young people move away from home when they’ve crossed the age of 18?
Arguments: 
I. Yes. It greatly helps them in standing on their own feet and becoming independent.
II. No. Their parents need their support.

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 6

I is self-explanatory and is strong. Moving out and working and earning on your own definitely helps a person in becoming independent. II is vague and does not give any concrete reason. Thus, II is a weak argument.

EPFO Assistant Mains Mock Test - 7 - Question 7

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

In a certain code:
'chest teeth gap limb' is coded as Q&2 C%3 U#4 I?4
'borrow some corn people' is coded as F@3 O#3 X!5 F*5
'eat bank scheme tomato' is coded as P?5 L!3 U^2 F@5
'gossible come person gones' is coded as F#3 T&4 F&7 O*5

What will be the code for 'shaker prospectus trick'?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 7

The code for every word consists of three elements.
1. Immediate successor of the last letter of the word
2. Symbol is assigned according to the first letter of the word.

First letter is coded as follows:

3. The number which is one less than the number of letters in the word
So, shaker will be coded as S@5.
Prospectus will be coded as T*9.
Trick will be coded as L?4.

EPFO Assistant Mains Mock Test - 7 - Question 8

Directions: These questions are based on the following information, read the comprehension carefully to answer the given questions.
Eight people A, B, C, D, E, F, G and H are sitting around a circular table but not necessarily in the same order. Some are facing inside and some are facing outside. Not more than two people facing same direction are sitting together.
H sits third to the right of C who is not facing outside. Immediate neighbours of H are facing same directions with respect to each other but opposite direction with respect to H who is facing inside. B is the immediate neighbor of E and both are facing same direction. E sits second to the left of C who is not the immediate neighbor of B. There are equal number of persons facing inside and outside direction. B sits third to the left of A and both are facing opposite directions to each other. H sits to the immediate right of D. F sits second to the left of G.

Q. How many persons are sitting between A and G while counting from left of G?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 8

Following the common explanation, 2 persons sit between A and G while counting from left of G.
Hence, option B is the correct answer.
Final arrangement:

Common Explanation:
References:
H sits third to the right of C who is not facing outside.
E sits second to the left of C who is not the immediate neighbor of B.
B is the immediate neighbor of E and both are facing same direction.
Inferences:
From 1st reference it is clear that C is facing inside and H will sit third to the right of C.
2nd and 3rd references mean that E will sit at a gap of 1 to the left of C and B will not sit with C.

References:
Immediate neighbor of H are facing same direction to each other but opposite direction with respect to H who is facing inside.
B is the immediate neighbor of E and both are facing same direction
B sits third to the left of A and both are facing opposite directions to each other
Inferences:
Immediate neighbor of H are facing same direction to each other but opposite direction with respect to H who is facing inside. It means both the neighbors will face outside.
B sits third to the left of A and both are facing opposite directions to each other. It means B faces inside and A faces outside. A
B is the immediate neighbor of E and both are facing same direction. Hence both E and B face inside.

References:
There are equal numbers of person facing inside and outside direction. Only three people sit between P and R.
H sits to the immediate right of D
F sits second to the left of G.
Inferences:
Hence immediate neighbors of C will face outside as only four people face inside.
H will sit on immediate right of D and C will be the neighbor of F and G.

Hence, we get the final arrangement.

EPFO Assistant Mains Mock Test - 7 - Question 9

Find the number of triangles in the given figure.

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 9

We may label the figure as shown.

  • The simplest triangles are AGH, GFO, LFO, DJK, EKP, PEL and IMN i.e. 7 in number.
  • The triangles having two components each are GFL, KEL, AMO, NDP, BHN, CMJ, NEJ and HFM i.e. 8 in number.
  • The triangles having three components each are IOE, IFP, BIF and CEI i.e. 4 in number.
  • The triangles having four components each are ANE and DMF i.e. 2 in number. 
  • The triangles having five components each are FCK, BGE and ADL i.e. 3 in number. 
  • The triangles having Six components each are BPF, COE, DHF and AJE i.e. 4 in number. 

Thus, there are 7 + 8 + 4 + 2 + 3 + 4 = 28 triangles in the figure. 

EPFO Assistant Mains Mock Test - 7 - Question 10

Directions: Read the information given below to answer these questions:
(i) Aarti is older than Sanya.
(ii) Muskan is elder than Aarti but younger than Kashish.
(iii) Kashish is elder than Sanya.
(iv) Sanya is younger than Muskan.
(v) Gargi is the eldest.

Q. Garima is taller than Sarita but not taller than Reena. Reena and Tanya are of the same height. Garima is shorter than Anu. Amongst all the girls, who is/are the shortest?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 10

Let the first letter of the name of each girl represent her height.
Then, Garima is taller than Sarita = G > S.
Garima is not taller than Reeta = R > G.
Reena and Tanya are of the same height = R = T.
Garima is shorter than Anu = A > G.
All the above indicate that Garima is either shorter than or equal in height to each of the girls except Sarita, while Sarita is shorter than Garima.
Thus, Sarita is the shortest.

EPFO Assistant Mains Mock Test - 7 - Question 11

Read the following statements carefully to answer the questions:
I. X is older than L.
II. M and N are of equal age.
III. Z is the youngest.
IV. Y is younger than N.
V. Y is older than X.

Q. Which two of the above statements indicate tham Y is older than L?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 11

From I and V,
we have : Y > X > L or Y > L.

EPFO Assistant Mains Mock Test - 7 - Question 12

If ZIP = 198 and ZAP = 246, then how will you code VIP?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 12

Taking Z = 2, Y = 3,……,N = 14,……..B= 26, A = 27 we have :
ZIP = (Z + I + P) × 6 = (2 + 19 + 12) × 6 = 33 × 6 = 198.
So, VIP = (V + I + P) × 6 = (6 + 19 + 12) × 6 = 37 × 6 = 222.

EPFO Assistant Mains Mock Test - 7 - Question 13

In how many ways can a group of 5 men and 2 women be made out of a total of 7 men and 3 women? 

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 13

5 men can be chosen out of 7 men in 7C5 = 7C2 = 21 ways.

2 women out of 3 women in 3C2 = 3C1 = 3 ways.

Hence by fundamental counting principle, group of 5 men and 2 women can be chosen from 7 men and 3 women in (21)(3) = 63 ways

EPFO Assistant Mains Mock Test - 7 - Question 14

In how many different ways can the letters of the word 'MATHEMATICS' be arranged such that the vowels must always come together?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 14

In the word 'MATHEMATICS', we'll consider all the vowels AEAI together as one letter.
Thus, we have MTHMTCS (AEAI).
Now, we have to arrange 8 letters, out of which M occurs twice, T occurs twice
 Number of ways of arranging these letters =8! / ((2!)(2!))= 10080.

Now, AEAI has 4 letters in which A occurs 2 times and the rest are different.
Number of ways of arranging these letters =4! / 2!= 12.

 Required number of words = (10080 x 12) = 120960

EPFO Assistant Mains Mock Test - 7 - Question 15

In how many different ways can the letters of the word 'LEADING' be arranged such that the vowels should always come together? 

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 15

The word 'LEADING' has 7 different letters.

When the vowels EAI are always together, they can be supposed to form one letter.

Then, we have to arrange the letters LNDG (EAI).

Now, 5 (4 + 1) letters can be arranged in 5! = 120 ways.

The vowels (EAI) can be arranged among themselves in 3! = 6 ways.

Required number of ways = (120 x 6) = 720.

EPFO Assistant Mains Mock Test - 7 - Question 16

Sanjay borrowed Rs. 900 at 4% p.a. and Rs. 1100 at 5% p.a. for the same duration. He had to pay Rs. 364 in all as interest. What is the time period in years?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 16

The interest he pays per year would be 36 + 55 = 91. Thus, in 4 years the interest would amount to Rs. 364.

EPFO Assistant Mains Mock Test - 7 - Question 17

If a certain sum of money becomes double at simple interest in 12 years, what would be the rate of interest per annum?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 17

 100/12 = 8.33%

EPFO Assistant Mains Mock Test - 7 - Question 18

In an examination, 50% of the students passed in Science and  75% passed in Social, while 20% students failed in both the subjects. If 270 students passed in both subjects, find the total number of students who appeared in the exam?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 18

Answer – 3.600 Explanation : passed in science = 50% passed in social = 75% 20% students failed in both the subjects and 80% passed in at least one subject No of students passed in both subjects = 50+75−x=80  x=45% 45% of x = 270  x = 270*100/45 = 600
Total number of students =600

EPFO Assistant Mains Mock Test - 7 - Question 19

Direction: Study the following bar chart carefully and answer the questions given beside.

Q. Find the respective ratio of the number of students in school D and school F.

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 19

Number of students in school D = 1500 + 1900 = 3400
Number of students in school F = 1200 + 2000 = 3200
Required ratio = 3400 : 3200 = 17 : 16
Hence, option (C) is correct.

EPFO Assistant Mains Mock Test - 7 - Question 20

Read the each sentence to find out whether there is any grammatical error in it. The error, if any will be in one part of the sentence. The letter of that part is the answer. If there is no error, the answer is 'D'. (Ignore the errors of punctuation, if any).

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 20

has paid

EPFO Assistant Mains Mock Test - 7 - Question 21

Motivating employees with traditional authority and financial…(11)….has become increasingly…(12)… as employees become economically secure and their dependency on any one particular organisation…..(13)…. . According to expectancy theorists, the motivation to….(14)…increases when an employee feels his…(15)… is an instrument for obtaining desired rewards. Nevertheless, in many organisations today employees are….(16)… to organizational rewards just by being employed. Unions, governmental regulations, and the nature of the job itself in some cases…..(17)… management from …..(18)… financial rewards to performance. People may be attracted to join and remain in organisations to receive organizational rewards, but…(19)…motivated to join an organisation is…(20)..the same as being motivated to exert effort in an organisation.

Q. Find the word most appropriate for Blank No. 11

EPFO Assistant Mains Mock Test - 7 - Question 22

Motivating employees with traditional authority and financial…(11)….has become increasingly…(12)… as employees become economically secure and their dependency on any one particular organisation…..(13)…. . According to expectancy theorists, the motivation to….(14)…increases when an employee feels his…(15)… is an instrument for obtaining desired rewards. Nevertheless, in many organisations today employees are….(16)… to organizational rewards just by being employed. Unions, governmental regulations, and the nature of the job itself in some cases…..(17)… management from …..(18)… financial rewards to performance. People may be attracted to join and remain in organisations to receive organizational rewards, but…(19)…motivated to join an organisation is…(20)..the same as being motivated to exert effort in an organisation.

Q. Find the word most appropriate for Blank No. 12

EPFO Assistant Mains Mock Test - 7 - Question 23

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 EPFO Assistant Mains Mock Test - 7 - Question 23

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.

EPFO Assistant Mains Mock Test - 7 - Question 24

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 will be framework for standardization initiative of the Bureau of Indian Standards with regard to the services sector?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 24

Refer to, “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.”

It is very clear that the BIS will set up a different division for the purpose of standardization drive in the services sector with technical committees being set up to oversee the technical aspects of such sectors. These committees will have various stakeholders such as the government officials, experts and industry people.

Among the given options, only option C describes this framework of implementing the standardization drive of the BIS in the services sector.

Hence, option C is the right choice among the given options.

EPFO Assistant Mains Mock Test - 7 - Question 25

BoP always balance when accommodating items are reflected as a part of capital account of BoP.

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 25

Accommodating transactions are balancing transactions, so, when these are included, BoP always balances.

EPFO Assistant Mains Mock Test - 7 - Question 26

Which of the following statements is/are correct regarding Exim Bank?

  1. It provides financial advice and counseling services for internationalisation of business of Indian companies which are foreign oriented.
  2. It provides working capital term loan to export-oriented units.
  3. It extends buyers' credit and lines of credit
Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 26

Export-Import Bank of India is a finance institution in India, established in 1982 under Export-Import Bank of India Act 1981. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. The main functions of EXIM are:

  1. To ensure and integrated and co-ordinated approach in solving the allied problems encountered by exporters in India.
  2. To pay specific attention to the exports of capital goods;
  3. Export projection;
  4. To facilitate and encourage joint ventures and export of technical services and international and merchant banking;
  5. To extend buyers' credit and lines of credit;
  6. To tap domestic and foreign markets for resources for undertaking development and financial activities in the export sector.
  7. To provide term loans/deferred payment guarantees to 100% export‑oriented units, units in trade zones and computer software exporters.
  8. To provide financial advice and counseling services for internationalisation of business of Indian companies which are foreign oriented.
EPFO Assistant Mains Mock Test - 7 - Question 27

When and who introduced the first ATM in India?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 27

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

EPFO Assistant Mains Mock Test - 7 - Question 28

Any fund established or incorporated in India that is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign, for investing by a defined investment policy for the benefit of its investors is referred to as an AIF. What does A represent in AIF?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 28

Any fund established or incorporated in India that is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign, for investing by a defined investment policy for the benefit of its investors is referred to as an Alternative Investment Fund or AIF.

EPFO Assistant Mains Mock Test - 7 - Question 29

Which language has been recognized by the United Nations as the first African language to have its dedicated day?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 29

Kiswahili has been recognized by the United Nations as the first African language to have its dedicated day. The UN General Assembly proclaimed 7th July of each year as World Kiswahili Language Day to promote cultural diversity and multilingualism.

EPFO Assistant Mains Mock Test - 7 - Question 30

Where is the Urban-20 Mayoral Summit taking place under India's G20 presidency?

Detailed Solution for EPFO Assistant Mains Mock Test - 7 - Question 30

The Urban-20 Mayoral Summit, organized under India's G20 presidency, is taking place in the twin cities of Ahmedabad and Gandhinagar in Gujarat. Mayors and delegates from various cities across the world are participating in the summit.

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