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SIDBI Assistant Manager Mock Test - 6 - Banking Exams MCQ


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30 Questions MCQ Test - SIDBI Assistant Manager Mock Test - 6

SIDBI Assistant Manager Mock Test - 6 for Banking Exams 2025 is part of Banking Exams preparation. The SIDBI Assistant Manager Mock Test - 6 questions and answers have been prepared according to the Banking Exams exam syllabus.The SIDBI Assistant Manager Mock Test - 6 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 - 6 below.
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SIDBI Assistant Manager Mock Test - 6 - Question 1

Which one will replace the question mark ?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 1

(5 + 4 + 7)/2 = 8

(6 + 9 + 5)/2 = 10

(3 + 7 + 2)/2 = 6.

SIDBI Assistant Manager Mock Test - 6 - Question 2

Directions to Solve

In each word of the following questions consists of pair of words bearing a relationship among these, from amongst the alternatives, pick up the pair that best illustrate a similar relationship.

Question -

Numismatist : Coins

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 2

As Numismatist collects coins similarly Philatelist collects stamps.

SIDBI Assistant Manager Mock Test - 6 - Question 3

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 does M have ?
Statements:
I.H is the only daughter of X who is wife of M.
II.K and J are brothers of M.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 3

From I, we conclude that H is the only daughter of M. But this does not indicate that M has no son. The information given in II is immaterial.

So Option D is correct

SIDBI Assistant Manager Mock Test - 6 - Question 4

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

Question: How much was the total sale of the company?
Statements:
I. The company sold 8000 units of product A each costing Rs. 25.
II. This company has no other product line.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 4

From I, total sale of product A = Rs. (8000 x 25) = Rs. 200000.

From II, we know that the company deals only in product A.

This implies that sale of product A is the total sale of the company, which is Rs. 200000.

So Option C is correct

SIDBI Assistant Manager Mock Test - 6 - Question 5

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: The last Sunday of March, 2006 fell on which date ?
Statements:
I.The first Sunday of that month fell on 5th.
II.The last day of that month was Friday.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 5

From I, we conclude that 5th, 12th, 19th and 26th of March, 2006 were Sundays.

So, the last Sunday fell on 26th.

From II, we conclude that 31st March, 2006 was Friday. Thus, 26th March, 2006 was the last Sunday of the month.

So Option C is correct

SIDBI Assistant Manager Mock Test - 6 - Question 6

Directions: In this question below is given a statement followed by two assumptions numbered I and II. Consider the statement and decide which of the given assumptions is implicit. 
Statement:
‘Smoking is injurious to health’ – A statutory warning printed on a cigarette box.
Assumptions: 
I. The warning will have a negative effect on the smoking habits of the people buying the product.
II. People will not pay heed to such notices.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 6

When such a warning is printed on a cigarette box (though only to abide by the law!) the assumption is clearly that it will have a negative effect on smoking habits of the people. Thus, it is a valid assumption. II cannot be an assumption as then such a notice would not have been printed on the cigarette boxes, and even the Government would not have asked the cigarette companies to do so.

SIDBI Assistant Manager Mock Test - 6 - Question 7

Directions: In this question below is given a statement followed by two assumptions numbered I and II. Consider the statement and decide which of the given assumptions is implicit. 
Statement:
Technology has not only bridged gaps but has also created new ones.
Assumptions:
I. Life without modern technology was much better.
II. Technology should be used strictly on a limited basis.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 7

Both the given statements, at best, are conclusions of the statement that technology has created new gaps, while at the same time bridging old ones. They’re not valid assumptions.

SIDBI Assistant Manager Mock Test - 6 - Question 8

Directions: In this question below is given a statement followed by two assumptions numbered I and II. Consider the statement and decide which of the given assumptions is implicit. 
Statement: Unemployment allowance should be given to all unemployed Indian youth above 18 years of age. 
Assumptions: I. There are unemployed youth in India who needs monetary support. 
II. The government has sufficient funds to provide allowance to all unemployed youth. 

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 8

I directly follows from the statement and so is implicit. Also, the statement is a suggestion and does not tell about a government policy or its position of funds. So, II is not implicit.

SIDBI Assistant Manager Mock Test - 6 - Question 9

Directions: Study the following information carefully and answer the question that follows.

'A + B' means A is father of B.
'A # B' means A is sister of B.
'A - B' means A is husband of B.
'A @ B' means A is brother of B.
'A = B' means A is mother of B.

Q. If the expression 'N # S = X - C # H' is true, how is N related to C?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 9

'N # S = X - C # H' means N is the sister of S, who is the mother of X, who is the husband of C, who is the sister of H.

According to this, N is the aunt of C.

SIDBI Assistant Manager Mock Test - 6 - Question 10

Given below is an inequality, which of the following condition is TRUE?

If A > B > C > D = F ≥ G < H

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 10

From the given conditions, A > B > C > D = F ≥ G < H.

1. G > C → C > D = F ≥ G, C > G → False.

2. B > F → B > C > D = F, B > F → True.

3. G > F → D = F ≥ G < H, F ≥ G → False.

4. D < G → D = F ≥ G, D ≥ G → False.

So, B > F is the correct inequality.

SIDBI Assistant Manager Mock Test - 6 - Question 11

Simla is colder than only Ooty. Mussoorie is colder than Mount Abu but not as cold as Nainital. Darjeeling is colder than Simla but not the coldest. Which among the following is the second coldest?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 11

From the following explanation the second coldest city can't be determined.
Hence option E is the correct answer.
Common Explanation
Reference:
Simla is colder than only Ooty.
Mussoorie is colder than Mount Abu but not as cold as Nainital.
Darjeeling is colder than Simla but not the coldest. 
Inference:
From the above hints, following three cases can be drawn.
Case 1: When Mussoorie is second coldest and Darjeeling is not colder than Mount Abu.

Case 2: When Mussoorie is second coldest and Darjeeling is colder than Mount Abu.

Case 3: When Darjeeling is second coldest and is colder than Mussoorie.

Thus the second coldest city is different for different cases. Hence it cannot be determined.

SIDBI Assistant Manager Mock Test - 6 - Question 12

What is the different between the number of students passed with 30 as cut-off marks in Chemistry and those passed with 30 as cut-off marks in aggregate?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 12

Required difference

    = (No. of students scoring 30 and above marks in Chemistry)

       - (Number of students scoring 30 and above marks in aggregate)

    = 27 - 21

    = 6.

SIDBI Assistant Manager Mock Test - 6 - Question 13

Out of the two bar graphs provided below, one shows the amounts (in Lakh Rs.) invested by a Company in purchasing raw materials over the years and the other shows the values (in Lakh Rs.) of finished goods sold by the Company over the years.

Q.

The maximum difference between the amount invested in Raw materials and value of sales of finished goods was during the year?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 13

The differences between the amount invested in raw material and the value of sales of finished goods for various years are:

For 1995 = Rs. (200 - 120) lakhs = Rs. 80 lakhs.

For 1996 = Rs. (300 - 225) lakhs = Rs. 75 lakhs.

For 1997 = Rs. (500 - 375) lakhs = Rs. 125 lakhs.

For 1998 = Rs. (400 - 330) lakhs = Rs. 70 lakhs.

For 1999 = Rs. (600 - 525) lakhs = Rs. 75 lakhs.

For 2000 = Rs. (460 - 420) lakhs = Rs. 40 lakhs.

Clearly, maximum difference was during 1997.

SIDBI Assistant Manager Mock Test - 6 - Question 14

What is the average numbers of vehicles manufactured by Company X over the given period ? (rounded off to nearest integer)

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 14

SIDBI Assistant Manager Mock Test - 6 - Question 15

What will be the share of R in the profit earned by V, R and A together?
I. They together invested an amount of Rs.54000 for a period of 1 year
II. R’s investment was 25% less than V’s and 50% more than A’s.
III. The profit of V is 4000 more than that of A.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 15

Let A’s investment = x
From statement II
R’s investment = 150% of x = 1.5x
V’s investment = z = R’s investment was 25% less than V’s = 75% of z = 1.5x => 2x
A, V, R profit ratio = x : 2x :1.5x = 2:4:3
Let profit ratio of A, V, R be 2y, 4y and 3y
From statement III
4y-2y = 4000
y =2000
R’ share = Rs.6000
Statement II and III together are sufficient to answer the question.

SIDBI Assistant Manager Mock Test - 6 - Question 16

12.5% of 350 * 8.4% of 250 = ?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 16

12.5% of 350 * 8.4% of 250 = 6.25 * 7 * 21 = 918.75

So Option D is correct

SIDBI Assistant Manager Mock Test - 6 - Question 17

Directions: Study the following information carefully and answer the questions given beside.
A company has planned a trip. The company has 4200 employees. 72% of the employees registered for the trip. The ratio of male and female employees registered for the trip is 7: 5. Out of them, 75% of the employees have chosen the company transport services for the trip and rest decided to use their own vehicle. On the trip day, 25% of those who have chosen for company transport, went on the trip by their own vehicles for some reasons. The ratio of male and female employees who came by their own transport is 5: 4. Initially, the company had booked 57 buses with 40 seat capacity in each.

Q. Find the difference between the total number of male and female employees who came to the trip by their own transport?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 17

Total number of employees in the company = 4200
72% of the employees registered for the trip.
So, the number of employees registered for the trip

Out of them, 75% of the employees have chosen the company transport services for the trip.
Then, the number of employees registered for the company transport

So, the number of employees did not registered for the company transport


25% of them went to the trip by their own transport for some reasons.
Then, the number of employees went to the trip by their own in spite of registering for the company transport


So, the total number of employees went to trip by their own transport = 756 + 567 = 1323

The ratio of male and female employees who came by their own transport is 5 : 4.

So, the reqd. difference = 
Hence, option C is correct.

SIDBI Assistant Manager Mock Test - 6 - Question 18

They have been / very close friends / until they quarrelled / No error.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 18

This statement is wrong: They have been

Correct Statement will be: They had been

SIDBI Assistant Manager Mock Test - 6 - Question 19

Directions: The following question has two blanks. In each blank a preposition has been omitted. Choose the set of prepositions for each blank that best fits in the context of the sentence.

Several members of the film and theatre fraternity _______________ his house on Monday as well as on Tuesday morning to mourn his death.

I. Thronged
II. Flocked
III. Hosted

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 19

According to the context of the sentence we are saying that a lot of people went to his house on two days and the word in the blank should represent that meaning.

Among the given words, thronged may be used here to indicate that a lot of people came to his house whereas flocked can also be used to indicate this meaning. Hosted cannot be used in this context due to the fact that it implies arranged an event or something.

Hence III can be eliminated from consideration.

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

SIDBI Assistant Manager Mock Test - 6 - Question 20

Directions: The following question has two blanks. In each blank a preposition has been omitted. Choose the set of prepositions for each blank that best fits in the context of the sentence.

Children from States like Bihar, Assam and West Bengal are usually found, and they are _______________ and reunited with their families or sent to children’s homes.
I. Rescued
II. Saved
III. Retrieved

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 20

According to the given context we can understand that we are talking about children being rescued from the clutches of human trafficking agents and they are then reunited with their families.

Among the given words, rescued and saved can obviously be used to fill in the blank here whereas retrieved is not correct due to the fact it is not going with the context here as it is used to denote to get back or bring something back from somewhere.

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

SIDBI Assistant Manager Mock Test - 6 - Question 21

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. Even if the Court is not motivated by an anti-African agenda, it is no less concerning that it acts, without fail, in concert with its North Atlantic backers.

B. It simply reproduces a Western narrative of Russian aggression that justifies NATO’s largest build-up of military forces in eastern Europe since the Cold War.

C. That military intervention in Africa by former colonial powers has been followed, almost without exception, by the International Criminal Court’s juridical intervention, leaves Africans understandably suspicious.

D. And the Court’s recent decision to launch an investigation into South Ossetia—its first extra-African investigation—is but of a piece with its earlier interventions, doing little to assuage that concern.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 21

The ‘Court’ referred to in sentences A and D is, clearly, the International Criminal Court mentioned in sentence C. So, C precedes A and D, as it sets the context.

Sentence C talks of Africans becoming “suspicious"? due to the International Criminal Court’s record of juridical interventions in Africa. What follows C? Both A and D seem to be good choices. Only sentence B seems completely unrelated to C.

Sentence A states that it is “no less concerning"? that the Court acts in cooperation with its “North Atlantic backers"?. Sentence D too makes a reference to “that concern"?, saying that the Court’s first extra-African investigation does not do much to soothe it. Further, D states that the South Ossetia investigation is “of a piece with" (similar to) the Court’s earlier interventions in Africa. Why so? There is no explanation to this in sentence C. But the reference to the concern that the Court acts in concert with its North Atlantic backers, stated in sentence A, does provide the link. It is clear D follows A. Note that sentence C merely talks of a suspicion, it is sentence A that brings up the “concern"? and D elaborates on that concern.

Sentence B sheds light on why investigation in South Ossetia, the first one outside of Africa, is “of a piece with"? the Court’s earlier interventions. It reproduces the Western narrative of Russian aggression.

CADB makes a cogent paragraph.

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

Hence, the answer is CADB
Choice A is the correct answer.

SIDBI Assistant Manager Mock Test - 6 - Question 22

Directions: Read the following passage carefully and answer the questions given beside.

The second-largest colony of emperor penguins in the world appears to be collapsing, after rough seas drowned all of its babies three winters in a row.

The Halley Bay colony once accounted for 5 to 9% of the global emperor penguin population, according to the British Antarctic Survey (BAC), which reported the catastrophe. That amounted to about 15,000 to 24,000 adult breeding pairs. But in 2016, the sea-ice platform on which the colony was raising its babies collapsed during rough weather, throwing infant penguins unable to swim into the frigid water. In 2017 and 2018, the rough weather pattern repeated itself.

The birds arrive at the site from their summer sea jaunts each April to breed; for the resulting chicks to survive, the site has to remain stable throughout the Southern Hemisphere’s winter, which lasts until December.

By 2018, a handful of adults — a "few hundred," or about 2 percent of the original population — turned up at the Halley Bay site, the researchers reported. The remaining colony appeared in disarray, with adults moving closer to the ice edge than is typical, and was difficult to count scattered among the roughened chunks of ice.

The good news is that at least some of the colony appears to have moved, rather than died out. The Dawson-Lambton Glacier colony 34 miles (55 kilometres) to the south has significantly swelled in numbers since the devastation of Halley Bay, the BAC reported. That colony, which had hit a low of just 1,280 pairs in the 2015 season, swelled in each succeeding year. In 2016, it reached 5,315 pairs. In 2017, there were 11,117 pairs. And by 2018, a full 14,612 pairs set up camp at the site.

Q. Which of the following is false in the context of the passage?

I. The Dawson-Lambton Glacier colony died due to collapse of rough sea.
II. The penguin birds breed during April every year.
III. Halley Bay colony reached 5315 pairs in 2016.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 22

Refer:
Dawson-Lambton Glacier colony 34 miles (55 kilometers) to the south has significantly swelled in numbers since the devastation of Halley Bay, the BAC reported.
Thus statement I is false as the colony is swelled rather than died.
Refer:
The birds arrive at the site from their summer sea jaunts each April to breed
Thus statement II is true.
Refer:
Dawson-Lambton Glacier colony 34 miles (55 kilometers) to the south has significantly swelled in numbers since the devastation of Halley Bay, the BAC reported. That colony, which had hit a low of just 1,280 pairs in the 2015 season, swelled in each succeeding year. In 2016, it reached 5,315 pairs.
Clearly, the statement taken as reference confirms that it's Dawson-Lambton colony and not Halley Bay that reached 5315 pairs in 2016. Thus statement III is false.
Hence option C is correct.

SIDBI Assistant Manager Mock Test - 6 - Question 23

Direction: Read the passage and answer the questions that follow:

Paragraph 1: It is difficult to recognise the new generation of terrorists as a mere extension of the earlier lot of radical Islamist terrorists who were influenced by the teachings of Islamist preachers and theologians. There is less theology today and the new age terrorist seems to belong to an altogether different genre of terrorism.

Paragraph 2: A large number of terror attacks in the past three years have been attributed to the handiwork of the Islamic State (IS), and reveal its leaning towards the “nihilism” of Sayyid Qutb. It is this which distinguishes the IS from many of the other radical Islamist groups such as al-Qaeda and its affiliates. The IS’s recruitment techniques, especially its ability to proselytise over the Internet, including “direct to home jihad” as also its more sanguinary brand of violence, set it apart from earlier variants of radical Islamist terror.

Paragraph 3: Even while the IS has gained a great deal of prominence due to its brand of violence, other terror networks have continued to be no less active. For example, Al-Qaeda and its affiliates. Boko Haram in Africa has been responsible for more killings than most people would realise. Closer home, the Afghan Taliban and the Haqqani network have carried out several spectacular attacks inside Afghanistan. The Tehrik-e-Taliban Pakistan (TTP) and the Lashkar-e-Jhangvi have carried out several attacks inside Pakistan. Pakistan provides the wherewithal and the support to terror outfits such as the Lashkar-e-Taiba and the Jaish-e-Mohammad to launch well-planned attacks on Indian targets.

Paragraph 4: Most of these outfits continue to adopt earlier methodologies. These have proved no less effective than those followed by the IS. The terror attack on a mosque in North Sinai, Egypt in November this year, which killed over 230 persons, is one such example. In December, the TTP was responsible for a terror attack on an agricultural training institute in Peshawar, Pakistan. Differences among terror outfits do not, however, preclude a complicated pattern of relationships when it comes to operational aspects.

Q. As per paragraph 4, which of the following is true with respect to earlier methodologies adopted by terror outfits?

I. Such methods are no longer followed.
II. Such methods are as effective as the newer ones.
III. Such methods are followed by upcoming groups in various countries

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 23

Refer to:

‘Most of these outfits continue to adopt earlier methodologies. These have proved no less effective than those followed by the IS. The terror attack on a mosque in North Sinai, Egypt in November this year, which killed over 230 persons, is one such example. In December, the TTP was responsible for a terror attack on an agricultural training institute in Peshawar, Pakistan. Differences among terror outfits, do not, however, preclude a complicated pattern of relationships when it comes to operational aspects.’

As per the highlighted fragments, statement I is incorrect.
Statement II is correct.
Statement III is nowhere mentioned in the passage.

Hence, option A is correct.

SIDBI Assistant Manager Mock Test - 6 - Question 24

Direction: Read the passage and answer the questions that follow:

Paragraph 1: It is difficult to recognise the new generation of terrorists as a mere extension of the earlier lot of radical Islamist terrorists who were influenced by the teachings of Islamist preachers and theologians. There is less theology today and the new age terrorist seems to belong to an altogether different genre of terrorism.

Paragraph 2: A large number of terror attacks in the past three years have been attributed to the handiwork of the Islamic State (IS), and reveal its leaning towards the “nihilism” of Sayyid Qutb. It is this which distinguishes the IS from many of the other radical Islamist groups such as al-Qaeda and its affiliates. The IS’s recruitment techniques, especially its ability to proselytise over the Internet, including “direct to home jihad” as also its more sanguinary brand of violence, set it apart from earlier variants of radical Islamist terror.

Paragraph 3: Even while the IS has gained a great deal of prominence due to its brand of violence, other terror networks have continued to be no less active. For example, Al-Qaeda and its affiliates. Boko Haram in Africa has been responsible for more killings than most people would realise. Closer home, the Afghan Taliban and the Haqqani network have carried out several spectacular attacks inside Afghanistan. The Tehrik-e-Taliban Pakistan (TTP) and the Lashkar-e-Jhangvi have carried out several attacks inside Pakistan. Pakistan provides the wherewithal and the support to terror outfits such as the Lashkar-e-Taiba and the Jaish-e-Mohammad to launch well-planned attacks on Indian targets.

Paragraph 4: Most of these outfits continue to adopt earlier methodologies. These have proved no less effective than those followed by the IS. The terror attack on a mosque in North Sinai, Egypt in November this year, which killed over 230 persons, is one such example. In December, the TTP was responsible for a terror attack on an agricultural training institute in Peshawar, Pakistan. Differences among terror outfits do not, however, preclude a complicated pattern of relationships when it comes to operational aspects.

Q. Which of the following is/are true with respect to the passage?

I. Islamic State leans towards “nihilism” of Sayyid Qutb.
II. Pakistan provides support to terror outfits such as the Lashkar-e-Taiba.
III. The terror attack on a mosque in North Sinai, Egypt in November this year, which killed over 230 persons, is an example of new radicalism.

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 24

Refer to:
‘A large number of terror attacks in the past three years have been attributed to the handiwork of the Islamic State (IS), and reveal its leaning towards the “nihilism” of Sayyid Qutb.
Statement I is true.
‘Pakistan provides the wherewithal and the support to terror outfits such as the Lashkar-e-Taiba and the Jaish-e-Mohammad to launch well-planned attacks on Indian targets.’
Statement II is true.
‘Most of these outfits continue to adopt earlier methodologies. These have proved no less effective than those followed by the IS. The terror attack on a mosque in North Sinai, Egypt in November this year, which killed over 230 persons, is one such example.
Statement III is incorrect.
Hence, option B is correct.

SIDBI Assistant Manager Mock Test - 6 - Question 25

Assertion (A): Demand for foreign exchange and exchange rate moves in the same direction.
Reason (R):  When exchange rate rises domestic goods becomes cheaper in international market.
Alternatives

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 25

Demand for foreign exchange and exchange rate are inversely proportional, i.e., with increase in one other fall and vice-versa.

SIDBI Assistant Manager Mock Test - 6 - Question 26

Which bank has introduced the first Mobile ATM in India?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 26

ICICI Bank, India's largest private sector bank, inaugurated India's first mobile ATM, "ATM on Wheels," in Mumbai.

SIDBI Assistant Manager Mock Test - 6 - Question 27

What does second C represent in the acronym CCEA?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 27

CCEA- Cabinet Committee on Economic Affairs.

SIDBI Assistant Manager Mock Test - 6 - Question 28

Which of the following is not true about Unified Payments Interface (UPI)?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 28
  • UPI or Unified Payments Interface is an immediate real-time payment system that helps in instantly transferring the funds between the two bank accounts through a mobile platform.
  • This idea was launched by the National Payments Corporation of India on 11th April, 2016.
  • Some of the interesting features of UPI are as follows:
  • Instant transfer of fund through Immediate Payment Service (IMPS) which is faster than NEFT.
    • Since it is completely digital, one can use UPI 24 hours and on all public holidays.
    • Single mobile application for accessing various bank accounts. 
    • Uses Virtual Payment Address which is a unique ID as given by the bank.
    • Uses Account Number with IFS Code and Mobile Number with MMID or Mobile Money Identifier. 
    • MPIN or Mobile Banking Personal Identification number is required to confirm each payment. 
    • Also available on USSD service where users can use the service just by dialing *99# and choose the services like fund transfer, send money, request money, non-financial services, balance Enquiry, change MPIN etc. (Service charge of Rs. 0.50 is applicable)
    • Every bank provides its own UPI for different platforms of Android, Windows, and IOS. The banks may or may not charge for the UPI service.
    • Bill Sharing facility.
    • Best for doing merchant payment, utility bill payments, in-app payments, OTC payments, Barcode based payments. 
    • One can file a complaint from Mobile App directly.
SIDBI Assistant Manager Mock Test - 6 - Question 29

In which of the following ways ECBs (External commercial borrowing) can be carried out in India?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 29

ECB refers to the loans taken from non-resident lenders i.e. the foreign companies to finance commercial activities in India. ECBs cannot be used for investment in stock market or speculation in real estate. At some times, borrowings from external companies can be cheaper than that borrowed within the country. There are two ways in which ECB can be accessed in the country: Automatic Route, under which, the borrower is not to take any permission from RBI or Govt. and Approval Route under which, the borrower has to take approval from RBI or GOI.

SIDBI Assistant Manager Mock Test - 6 - Question 30

What is the primary objective of World Paper Bag Day?

Detailed Solution for SIDBI Assistant Manager Mock Test - 6 - Question 30

World Paper Bag Day aims to promote the significance of utilizing paper bags instead of plastic bags. The primary objective of this observance, as stated in the passage, is to encourage individuals and businesses to adopt more sustainable alternatives. The explanation emphasizes the environmental benefits of paper bags over plastic bags, such as their biodegradability and recyclability.

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