PFRDA Assistant Manager Phase 1 Mock Test - 1 (Paper 1) - Insurance Exams MCQ

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.

First word of all the options could fit the first blank grammatically as well as contextually, but the second word makes a difference here.

In option A, ‘inspirations’ seems contextually incorrect.   In option B, ‘requirements’ is redundant as it means the same as “needs”.

In option C, ‘aspirations’ absolutely fits the context as well grammar. Aspiration is different from ‘need’ in a way that “need“ refers to the necessities of an individual whereas ‘aspiration” is more about luxurious desires of an individual.

Hence option C is correct. 

Here we are talking about the fact that we should not make any statement that hurts or belittles anybody. This will not feel good if that same thing happens to you since you will feel very bad for that. 

That is why the author is of the opinion that you should not indulge in doing something that will hurt you back.

Among the given words here we can see that docile implies pliable and pliant whereas eccentric means strange and abnormal. Both these words are not correct as per the given context and they should be eliminated. There is only one word that makes sense in this context for all the three given blanks and that is derogatory meaning sarcastic and critical. This will make the given paragraph grammatically and contextually meaningful.

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

The statement clearly is a passive voice sentence made in present perfect tesne as it's not like 'Plastic and other pieces of debris' have found something in the ocean. Instead 'Plastic and other pieces of debris' must have been found by someone. Therefore, usage of either 'recently' or 'never' in place of the blank would still keep the sentence ungrammatical and thus both the options A and D can be eliminated here.

Between been and being, the former is the better choice keeping the grammar rules in mind. Being is the gerund form or the present participle and is incorrect here.

Ex. Someone has switched the lights off. (Active Voice)
Ex. The lights have been switched off. (Passive Voice)

Hence, Option B is correct.

Extract means 'to remove or to take out, especially by effort or force' and usage of its past participle is absurd here in the context.
Sail is generally used in the context of a ship or boat and usage of its present participle ' sailing' would be irrelevant in the context of the sentence.
Usage of the word surfaced will absolutely be illogical as the plastic and other debris were found in the depth of the ocean and not on its surface.
Clearly, discovered is the most suited word here for the blank.
Option C is hence the correct answer.

In the context of the sentence, the best choices among the given ones are 'indicate' and 'demonstrates' but as the former one is a plural verb whereas the subject research is a singular one, the latter seems to fit the blank more appropriately.
Foresee means 'to predict something' and is absurd here.
Culminate means 'to reach a climax or point of highest development' and is absolutely illogical for the blank as well.
Hence, Option D is the correct answer.

In all other options except option C, the word given in the options are synonyms of those bold ones, only 'harvesting' (final gathering of crops) is the one that is opposite of 'sowing', which means "to plant a crop".

New Sentence - With heavy rains in most parts of the state Kharif harvesting has been most encouraging this year.
Hence option C is the correct answer.

Change, I and my colleague → My colleague and I.

Error in order of pronouns.

Order of Pronoun Second person(2) + third (3)+ first person(1) in normal sentences. RULE-231
You, he and I have finished the work. (Normal idea)
I, you and he are to blame. ( here Confession of guilt is expressed , it's a negative idea, hence order is 123).

⇒ x = 10⁶

Printing charges = 0.15x = 0.15 × 10⁶ = Rs. 1.5 lakh

= [(4500 × 20/100 + 4500 × 20/100 × 11/12) + [(4500 × 15/100 + (4500 × 15/100 × 7/9)]

= (900 + 825) + (675 + 525)

= 1725 + 1200

= 2925

Total number of girls and boys students from branch 1 and 5 together is,

= [(4500 × 10/100 + 4500 × 10/100 × 4/3) + [(4500 × 30/100 + 4500 × 30/100 × 2/3)]

= (450 + 600) + (1350 + 900)

= 1050 + 2250

= 3300

Thus, the required sum is = 2925 + 3300 =>6225

Hence, the required answer is = 6225.

5

5 x 1 + (1 x 7) = 12

12 x 2 + (2 x 6) = 36

36 x 3 + (3 x 5) = 123

123 x 4 + (4 x 4) = 508

i.e. 5, 12, 36, 123, 508

24 × 5.5 = 132

132 × 5 = 660

660 × 4.5 = 2970

2970 × 4 = 11880

11880 × 3.5 = 41580

Hence, the required answer is = 11880.

I: Insects

B: Bees

F: Flies

M: Moths

From the above Venn diagram, it is clear that none of the conclusions follows.

A: Aces

K: Kings

Q: Queens

J: Jacks

From the above Venn diagram, it is clear that only II and III follow.

1) The truck with Wood is delivered four days before the truck H which is delivered two days after the truck with Rods.

2) The truck I deliver immediately before the truck with Rods. The leave is planned on the day before the delivery of the truck H and after the truck I.

3) The truck J, which is not delivered after leave, delivers immediately after the delivery of the truck with Sand which is not delivered after the truck with Wood. Hence, case 1 gets eliminated.

4) The truck G delivers three days before the truck K which is not delivered on the last day of the week. Hence, case 3 gets eliminated.

5) The truck with Bricks is delivered immediately before the truck with Clay. Hence, Case 3a gets eliminated.

Here, (+) denotes a male and (-) denotes a female.

Statement 1:

P and Y are the two siblings and P is the only sister of Y, which means P is a female and W is a male.

Therefore, X is the niece of P.

Statement 2:

We do not know the gender of P and W.

If W is a male, P is a female. Hence, X is the niece of P.

But if W is female, then P is a male. Hence, X is the niece of P.

Therefore, X remains the niece from individual statements.

For example, 'eternal', 'energetic', 'enough' and 'empathy' have first letter as 'e', and it has been coded as @.

The second element of the code is according to the last letter of the word.

For example,

The last letter of the word empathy is 'y'.

The last element of the code is decided according to the number of letters in the word.

For example,

Empathy

Number of letters in the word empathy is 7.

Therefore, the code for empathy becomes @y7.

Now, according to the given coding:

Code the first letter of the word 'industrialist' is %.

Number of letters = 13

Last letter = t

Therefore, code for the word industrialist is %t13.

Statement 2:

So, the scholarship is not to be given.

379751535719

- Statement 1 is correct. Despite increased funding for metro rail projects, the majority of India's public transport infrastructure still heavily relies on road-based solutions, such as buses, due to the vast and varied geographical and urban landscape.

- Statement 2 is incorrect. The PM e-Bus Sewa initiative is a positive step towards improving public transport, but the current operational capacity of urban buses is still insufficient to meet the growing demands of India's rapidly urbanizing population. Thus, the initiative alone has not been sufficient.

- Statement 3 is correct. Kochi's planned reintroduction of trams is indeed seen as a model for sustainable urban mobility. Trams are considered cost-effective alternatives because they typically have lower operational costs and reduced dependency on subsidies compared to other forms of public transportation such as metros.

Therefore, the correct answer is Option B: 1 and 3 Only.

- Statement 1 is correct. The Rising Lion operation by Israel indeed involved over 200 jets and targeted more than 100 sites in Iran. This statement reflects the scale and intensity of the military operation conducted by Israel against Iran's nuclear and missile infrastructure.

- Statement 2 is incorrect. The reactions from the Sunni Arab world were mixed, not unanimous in support of Israel's actions. While there is suspicion towards Iran, there are also concerns over Israeli aggression, indicating a lack of unanimous support.

- Statement 3 is correct. The withdrawal from the Joint Comprehensive Plan of Action (JCPOA) by the United States under President Trump's administration and the subsequent reinstatement of sanctions significantly weakened Iran's strategic position. This geopolitical shift played a role in the current dynamics between Israel and Iran.

Therefore, the correct answer is Option C: 1 and 3 Only, as statements 1 and 3 are correct, while statement 2 is incorrect.

• SMA stands for Special Mention Accounts.
• SMA is an account that is exhibiting signs of borrower defaulting of her debt obligations before being identified as NPA.
• SMA is subcategorized as:
  • SMA 0 - 1 to 30 days.
  • SMA 1 - 31 to 60 days.
  • SMA 2 - 61 to 90 days.
• NPA (Non-Performing Asset): An asset when it ceases to generate income for the bank and becomes overdue for more than 90 days.

All the three statements hold true about Mutual Funds. Firstly, The entry of mutual funds into call money market as a lender has helped to stabilize the Interest rates in this highly volatile market. Secondly, In a depressed market, the Mutual Funds can steady the 'market' due to their absorbing capacity. Lastly,Mutual Funds help to channelize the saving in productive lines by providing the much-needed long-term finance to the industries for assets formation, modernization and expansion.

Equity funds - Equity funds are the type of mutual funds that invests investors money in the stock market. These are categorized as - 

• Large-cap mutual funds - In large-cap funds, a large portion of the investment is done in companies with large market capitalization. Large-cap are big, well-established companies in the equity market. These companies are strong, reputable, and trustworthy. Large-cap companies generally are the top 100 companies in a market.
  • ​Large-cap funds have lower growth potential and give investors lower returns on investment as compared to mid and small-cap funds.
  • Such companies have capital worth 20,000 crores or more.
• Mid-cap mutual funds - In mid-cap funds, a large portion of the investment is done in companies with medium market capitalization.
  • It has better growth potential and gives investors higher returns on investment as compared to large-cap funds.
• Small-cap mutual funds - In small-cap funds, a large portion of the investment is done in companies with small market capitalization i.e. having a market cap of less than INR 500 crore.
  • It has exponential growth potential and gives investors high returns on investment.
• Equity-linked saving scheme(ELSS) - These funds provide tax savings to the investors and hence most popular among them.  But these funds have a lock-in period of 3 years.
• Investors cannot redeem their money before the maturity date. 
• It also provides an opportunity for long term capital appreciation.

Debt Funds- These are relatively safer investments and are suitable for Income Generation.

• The investment in Fixed Income Securities, like Government Securities or Bonds, Commercial Papers and Debentures, Bank Certificates of Deposits, and Money Market instruments like Treasury Bills, Commercial Paper, etc comes under the category of debt funds.

Hybrid funds- These funds invest in both Equities and debt funds, thus offering the best in Growth Potential as well as Income Generation.

• Examples of these types of funds are Pension Plans, Child Plans, and Monthly Income Plans, etc.

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

NPCI has ten core promoter banks—State Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Bank of India, Union Bank of India, HDFC Bank, Citibank, HSBC, and ICICI Bank.

The rearrangement of a distressed company's outstanding commitments to its creditors is known as corporate debt restructuring. A corporate debt restructuring aims to restore a company's liquidity so that it can avoid bankruptcy.

Features of ATM:

1. Transfer of Funds
2. Balance Enquiry
3. Easy Cash Withdrawal
4. Unlock or Change Pin
5. Cash Deposit