SIDBI Assistant Manager Mock Test - 7 - Bank Exams MCQ

• A is the sister of B.
• B is the brother of C,
• C is the son of D.

How is D related to A?

1. A is father of X;
2. B is mother of Y.
3. The sister of X and Z is Y.

Which of the following statements is definitely not true?

Directions: Study the following information and answer the questions given below it:
A blacksmith has five iron articles A, B, C, D and E, each having a different weight.
(i) A weights twice as much as B.
(ii) B weights four and a half times as much as C.
(iii) C weights half as much as D.
(iv) D weights half as much as E.
(v) E weights less than A but more than C.

Q. E is lighter in weight than which of the other two articles?

Directions: A word and number arrangement machine, when given an input line of words and numbers, rearranges them following a particular rule in each step. The following is an illustration of input and rearrangement.

Input: Fable 76 Quibble 24 Terrible 54 Able 82 Gamble 65
Step1:82 Fable 76 Quibble 24 Terrible 54 Gamble 65 Able
Step2:Fable 82 76 Quibble 24 Terrible 54 Gamble Able 65
Step3:76 Fable 82 Quibble 24 Terrible 54 Able 65 Gamble
Step4:Quibble 76 Fable 82 Terrible 54 Able 65 Gamble 24
Step5:54 Quibble 76 Fable 82 Able 65 Gamble 24 Terrible

Step 5 is the final output.
Find the different steps of output using the above mentioned logic for the following input.
Input: Scientific 29 Majaestic 34 Fantastic 58 Hectic 77 Genetic 84

Q. What is the position of '58' in step 1?

In a flight of 600 km, an aircraft was slowed down due to bad weather. Its average speed for the trip was reduced by 200 km/hr and the time of flight increased by 30 minutes. What is the duration of the flight ?

(√3 + 1)² = ? + √12

Directions: Study the following table carefully and answer the questions that follow:
Semester fees (In Rs. thousands) for five Different Courses in 6 different years.

Q. What was the average semester fee charged for M. Sc. course over all the years together?

Directions: Study the following table carefully and answer the questions that follow:
Semester fees (In Rs. thousands) for five Different Courses in 6 different years.

Q. What was the difference between the total semester fee charged for diploma course over the years together and the fee charged for B. Tech Course in the year 2009?

Directions: Study the following bar chart carefully and answer the questions given beside.
In the bar chart, the total numbers of students enrolled in different years from 2015 to 2019 in Sunshine and Aryan Summer camps are given.

Q. What is the ratio between total students in 2016 to the total students in 2019 of both summer camps?

Directions: Study the following bar chart carefully and answer the questions given beside.
In the bar chart, the total numbers of students enrolled in different years from 2015 to 2019 in Sunshine and Aryan Summer camps are given.

Q. The number of students of Sunshine in 2015 is what percentage of the number of students of Aryan in 2017?

Directions: Study the following bar chart carefully and answer the questions given beside.
In the bar chart, the total numbers of students enrolled in different years from 2015 to 2019 in Sunshine and Aryan Summer camps are given.

Q. Total students enrolled in Aryan in 2018 and 2019 together is what percentage more than students enrolled in Sunshine in 2015 and 2019 together?

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).

Because memory weakens with age, for the experiment to be valid, it is importantthat a group to be tested for drug induced memory loss be compared with acontrol group.

Directions: The following question consists of jumbled up sentences, which when logically arranged, form a meaningful paragraph. Select the option presenting the proper sequencing of these statements.

A. Economic, trade or market forces have beneficial influence in terms of developing our 'core competencies'.
B. Globalisation brings the influence of external forces into our society.
C. Competition, both internally and with global players, would make the country efficient and strong.
D. The implication of subservience to another power remains abhorrent in today's economic era.

Directions: In the following question, four statements are provided. These statements form a coherent paragraph when properly arranged. Select the alternative representing the proper and logical sequencing of these statements.

(A) Gone were the days of state control and 'permit or license raj'.
(B) It was around the time when the Soviet Empire collapsed in 1991, India's then Finance Minister launched economic liberalisation.
(C) Globalisation became the new mantra around the world and no nation could afford to remain detached from these winds of change.
(D) While dealing a deadly blow to the machinery of red tape, globalisation or liberalisation encouraged private initiative in the economic development.

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

The deadline for the completion of the resolution process under the Insolvency and Bankruptcy Code (IBC), 2016 for the first set of cases taken up has neared or even passed. The IBC provides for a time limit of 180 days (extendable by 90 days) once a case of default is brought  and If no resolution plan drawn up under the supervision of a resolution professional can be agreed upon, liquidation must follow to recover whatever sums are possible. While the NCLT has considered a number of cases since its constitution, its role assumed importance when, on 13 June 2017, the Reserve Bank of India (RBI) mandated proceedings against 12 large defaulters, holding accounts with outstanding amounts of more than Rs 5,000 crore, of which at least 60% had been classified as non-performing as of 31 March 2016. These bad loans accounted for around 25% of the non-performing assets (NPAs) recognised at that time.

In most cases, the estimated value of assets on liquidation is low, and does not capture the true value of the company. Put simply, the aggregate of the individual value of a set of stripped assets tends to be much lower than the value of those assets when combined for production. So, if the IBC process and the intervention of the NCLT lead, through bidding, to an offer of a takeover by a third party which is acceptable to the creditors, the recovery against bad loans technically written off by financial creditors would be much higher. Since this was to occur in a time-bound fashion, it seemed to be a significant initiative to address the NPA problem in the banking system. The IBC was combined with legislative amendments that strengthened the powers of the RBI to order the launch of proceedings to recover the loans gone bad. These measures, it was argued, through enforced resolution or liquidation if necessary, offered a way in which the abysmal record of recovery could be corrected and the pressure on the government to bail out banks with taxpayers’ money could be reduced. In the case of 11 public sector banks out of a total of 21, of the loans technically written-off between April 2014 and December 2017, recovery rates varied from nil to just above 20%, and in the case of another three, the rate ranged between 23% and 29%. The average recovery rate for all 21 banks was a pathetic 10.8%. By facilitating and accelerating the recovery effort, the IBC process was expected to raise the rate significantly.

The context in which this new strategy was launched needs recalling. Unlike the period prior to the 1990s, the NPAs that accumulated in the books of banks in recent years were not equitably distributed across different categories of borrowers, big and small, priority and non-priority. Rather, because of a change in the lending strategy during the period of the credit boom after 2003, the NPAs are now concentrated in the hands of large borrowers, primarily corporate borrowers.

The initial experience with the first phase of this multistep process involving the recognition, technical write-off and provisioning, and recovery of NPAs, is revealing for a number of reasons. First, in cases where the assets on offer were of special interest to particular bidders, the rates of recovery have been rather high. This was true of the acquisition of Bhushan Steel by Tata Steel and of Electro­steel by Vedanta. Bhushan Steel owed its financial creditors around Rs 56,000 crore, whereas the Tata Steel bid returned Rs 35,200 crore upfront to the financial creditors, besides giving them a 12.3% stake in the company in lieu of returning the remaining debt. That was substantial relative to the estimated ­liquidation value of Rs 15,000 crore to Rs 20,000 crore, and far better than the average 10% recovery rate reported on aggregate write-offs in the recent past. The Tatas clearly had a special interest in the deal since its valuation of the company was far higher than that of JSW Group, the other keen bidder. The latter offered the creditors only Rs 29,700 crore.

The evidence that the assets were valuable despite the defaults emerged also from the battle between bidders who were often taken to the courts. Essar Steel, one of the largest defaulters with around Rs 44,000 crore in questionable debt, when put up for sale, elicited expressions of interest from five bidders. Interestingly, besides Tata Steel, Arcelor Mittal, Vedanta, Sumitomo, and Steel Authority of India, the interested parties include the Ruias, who are the original promoters of Essar Steel.

This effort of the defaulting promoters to regain control of the companies concerned at a discount did muddy the water. The original IBC bill did not prevent promoters from making bids for resolution at the NCLT. Some justified the Ruia bid on the grounds that extraneous factors may have led to distress for no fault of the original promoters. But, if the Committee of Creditors (CoC) has taken the firm to the NCLT, it is clearly because they saw the incumbent management as incapable of resolving the crisis faced by the firm. And, if promoters regain control, much of the debt their company owes will be forgiven, with the losses being carried by the financial and operational creditors. Recognising the travesty involved, the government was forced to amend the IBC bill to prohibit promoters from bidding under the NCLT process.

Q. What is/are the main difference between the NPAs today and the NPAs of 1990s?
I. The NPAs are equally distributed across priority and non-priority sectors today than in 1990s.
II. The NPAs today are concentrated among large corporate borrowers.
III. The NPAs today are more prevalent in Public Sector Banks while in the 1990s they were concentrated in both private and public sector banks. 

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

The deadline for the completion of the resolution process under the Insolvency and Bankruptcy Code (IBC), 2016 for the first set of cases taken up has neared or even passed. The IBC provides for a time limit of 180 days (extendable by 90 days) once a case of default is brought  and If no resolution plan drawn up under the supervision of a resolution professional can be agreed upon, liquidation must follow to recover whatever sums are possible. While the NCLT has considered a number of cases since its constitution, its role assumed importance when, on 13 June 2017, the Reserve Bank of India (RBI) mandated proceedings against 12 large defaulters, holding accounts with outstanding amounts of more than Rs 5,000 crore, of which at least 60% had been classified as non-performing as of 31 March 2016. These bad loans accounted for around 25% of the non-performing assets (NPAs) recognised at that time.

In most cases, the estimated value of assets on liquidation is low, and does not capture the true value of the company. Put simply, the aggregate of the individual value of a set of stripped assets tends to be much lower than the value of those assets when combined for production. So, if the IBC process and the intervention of the NCLT lead, through bidding, to an offer of a takeover by a third party which is acceptable to the creditors, the recovery against bad loans technically written off by financial creditors would be much higher. Since this was to occur in a time-bound fashion, it seemed to be a significant initiative to address the NPA problem in the banking system. The IBC was combined with legislative amendments that strengthened the powers of the RBI to order the launch of proceedings to recover the loans gone bad. These measures, it was argued, through enforced resolution or liquidation if necessary, offered a way in which the abysmal record of recovery could be corrected and the pressure on the government to bail out banks with taxpayers’ money could be reduced. In the case of 11 public sector banks out of a total of 21, of the loans technically written-off between April 2014 and December 2017, recovery rates varied from nil to just above 20%, and in the case of another three, the rate ranged between 23% and 29%. The average recovery rate for all 21 banks was a pathetic 10.8%. By facilitating and accelerating the recovery effort, the IBC process was expected to raise the rate significantly.

The context in which this new strategy was launched needs recalling. Unlike the period prior to the 1990s, the NPAs that accumulated in the books of banks in recent years were not equitably distributed across different categories of borrowers, big and small, priority and non-priority. Rather, because of a change in the lending strategy during the period of the credit boom after 2003, the NPAs are now concentrated in the hands of large borrowers, primarily corporate borrowers.

The initial experience with the first phase of this multistep process involving the recognition, technical write-off and provisioning, and recovery of NPAs, is revealing for a number of reasons. First, in cases where the assets on offer were of special interest to particular bidders, the rates of recovery have been rather high. This was true of the acquisition of Bhushan Steel by Tata Steel and of Electro­steel by Vedanta. Bhushan Steel owed its financial creditors around Rs 56,000 crore, whereas the Tata Steel bid returned Rs 35,200 crore upfront to the financial creditors, besides giving them a 12.3% stake in the company in lieu of returning the remaining debt. That was substantial relative to the estimated ­liquidation value of Rs 15,000 crore to Rs 20,000 crore, and far better than the average 10% recovery rate reported on aggregate write-offs in the recent past. The Tatas clearly had a special interest in the deal since its valuation of the company was far higher than that of JSW Group, the other keen bidder. The latter offered the creditors only Rs 29,700 crore.

The evidence that the assets were valuable despite the defaults emerged also from the battle between bidders who were often taken to the courts. Essar Steel, one of the largest defaulters with around Rs 44,000 crore in questionable debt, when put up for sale, elicited expressions of interest from five bidders. Interestingly, besides Tata Steel, Arcelor Mittal, Vedanta, Sumitomo, and Steel Authority of India, the interested parties include the Ruias, who are the original promoters of Essar Steel.

This effort of the defaulting promoters to regain control of the companies concerned at a discount did muddy the water. The original IBC bill did not prevent promoters from making bids for resolution at the NCLT. Some justified the Ruia bid on the grounds that extraneous factors may have led to distress for no fault of the original promoters. But, if the Committee of Creditors (CoC) has taken the firm to the NCLT, it is clearly because they saw the incumbent management as incapable of resolving the crisis faced by the firm. And, if promoters regain control, much of the debt their company owes will be forgiven, with the losses being carried by the financial and operational creditors. Recognising the travesty involved, the government was forced to amend the IBC bill to prohibit promoters from bidding under the NCLT process.

Q. What was the experience of the IBC process for companies which were of special interest to bidders?
I. The rate of recovery was much better than the average recovery rate.
II. Competition between bidders to take over the defaulting company.
III. The liquidation value of the assets would have been higher than the recovered value.

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

Development is about expanding the capabilities of the disadvantaged, thereby improving their overall quality of life. Based on this understanding, Maharashtra, one of India’s richest States, is a classic case of a lack of development which is seen in its unacceptably high level of malnutrition among children in the tribal belts. While the State’s per capita income has doubled since 2004, its nutritional status has not made commensurate progress.

Poor nutrition security disproportionately affects the poorest segment of the population. According to NFHS 2015-16, every second tribal child suffers from growth restricting malnutrition due to chronic hunger. In 2005, child malnutrition claimed as many as 718 lives in Maharashtra’s Palghar district alone. Even after a decade of double digit economic growth (2004-05 to 2014-15), Palghar’s malnutrition status has barely improved.

In September 2016, the National Human Rights Commission issued notice to the Maharashtra government over reports of 600 children dying due to malnutrition in Palghar. The government responded, promising to properly implement schemes such as Jaccha Baccha and Integrated Child Development Services to check malnutrition. Our independent survey conducted in Vikramgad block of the district last year found that 57%, 21% and 53% of children in this block were stunted, wasted and underweight, respectively; 27% were severely stunted. Our data challenges what Maharashtra’s Women and Child Development Minister said in the Legislative Council in March — that “malnutrition in Palghar had come down in the past few months, owing to various interventions made by the government.”

Stunting is caused by an insufficient intake of macro- and micro-nutrients. It is generally accepted that recovery from growth retardation after two years is only possible if the affected child is put on a diet that is adequate in nutrient requirements. A critical aspect of nutrient adequacy is diet diversity, calculated by different groupings of foods consumed with the reference period ranging from one to 15 days. We calculated a 24-hour dietary diversity score by counting the number of food groups the child received in the last 24 hours. The eight food groups include: cereals, roots and tubers; legumes and nuts; dairy products; flesh foods; eggs; fish; dark green leafy vegetables; and other fruits and vegetables.

In most households it was rice and dal which was cooked most often and eaten thrice a day. These were even served at teatime to the children if they felt hungry. There was no milk, milk product or fruit in their daily diets. Even the adults drank black tea as milk was unaffordable. Only 17% of the children achieved a minimum level of diet diversity — they received four or more of the eight food groups. This low dietary diversity is a proxy indicator for the household’s food security too as the children ate the same food cooked for adult members.

Q. As per the passage, which of the following is/are needed for an adequate meal?
I. Macro and micro nutrients
II. Multiple food groups
III. High level of  Intermittent fasting

Directions: Out of the given alternatives, choose the one which can be substituted for the given words/sentence.

A person who has no money to pay off his debts

Hirakud Dam has been constructed across the river –

Where in the Indian Constitution has “economic justice” been provided as one of the objectives?

British enabled India to be an importer of raw materials and an exporter of finished goods. (Choose the correct alternative)

The amount of deposits placed by a non-scheduled Urban Cooperative Bank with any scheduled Urban Cooperative Bank should not exceed _____ of the depositing bank's total deposit liabilities.

Call money rate is the rate at which short-term funds are borrowed and lent in the money market overnight. When the money is borrowed or lent for exceeding 14 days to 365 days, then it is called ______________.

What are the Advantages of the Automated Teller Machine (ATM)?

The appointment of a Banking Ombudsman is made for a period of ________.

How many teams will participate in the 132^nd edition of the Durand Cup?