Central Bank Apprentice Mock Test - 2 - Bank Exams MCQ

(100 – 37.50)% of total employees = 450
62.50% of total employees = 450

Hence, Option C is correct.

Statements:
I. Harish was born on an even date of the month → 2, 4, 6, 8, 10, 12, 14, 16, 18, 20, 22, 24, 26, 28
II. Harish’s birth date was a prime number → 2, 3, 5, 7, 11, 13, 17, 19, 23, 29
But we know that 2 is the smallest even prime number.
According to both statements we can say that on 2nd February 2000 Harish was born.
Hence, Option (1) is correct.

Selecting two out of four = ⁴C₂ = 6
Probability = 1/6

According to question,
A's weight is twice as much as of B.
1. A = 2B.
B's weight is four and half times as much as of C.
2. B = 4.5C
C's weight is half times as much as of D.
3. C = D/2.
D's weight is half as much as of E.
4. D = E/2.
E weight is less than A but more than C.
5. A > E > C
from 1 and 2
6. A = 2B = 9C
from 6 and 3
7. A = 2B = 9C = 4.5D
from 7 and 4
8. A = 2B = 9C = 4.5D = 2.25E
so from 8 and 5
A > B > E > D > C
E is heavier than D and C.

The man starts riding in south direction then he rides 2 km in the east (for him his left is the east direction)and then it rides 4km in the south (for him his right is in south direction).

There is no ‘R’ letter in the given word. Therefore, the word INTEGER cannot be formed. There is no ‘V’ letter in the given word. Therefore, the word INTERVAL cannot be formed. There is no ‘D’ letter in the given word. Therefore, the word LEGEND cannot be formed.

The author says that suggestions are given on the basis of transient time response properties.

Response is unaffected by the presence of observer, this is proved in linear system courses.

Interest on fixed deposits is typically paid on maturity of the deposit, which means it is paid when the deposit term is completed. This practice allows the depositor to receive both the principal amount and the accrued interest at the end of the agreed-upon term.

One of the key requirements for opening a Term Deposit Account is obtaining a Permanent Account Number (PAN) or General Index Register (GIR) number. This is necessary as per the regulations, ensuring that the bank complies with legal and identification standards for the individuals opening the account.

Upon maturity of a term deposit, account holders have the option to either withdraw the amount with interest or renew the deposit for another specific term. This flexibility allows individuals to decide whether they want to reinvest their funds or access them along with the accrued interest.

Fixed deposits can be accepted as a surety for issuing loans, serving as a form of guarantee for the lender. This practice provides security to the lending institution, as the fixed deposit acts as collateral in case the borrower defaults on the loan repayment.

If a term deposit is renewed after 14 days from the date of maturity, it will be renewed from the date of maturity for the period requested applying the rate of interest ruling on the date of maturity or on the date of renewal, whichever is lower. This process ensures that the renewed deposit reflects the prevailing interest rate at the time of renewal.

A longer credit history is beneficial for credit scoring as it provides lenders with more data to assess the borrower's repayment behavior and creditworthiness. With a longer credit history, lenders can better evaluate the borrower's ability to manage credit over time, which may lead to a more favorable assessment and potentially a higher credit score.

Individuals should be cautious about closing old accounts and opening new ones because closing old accounts can impact their credit history and potentially lower their credit score. Old accounts contribute to the length of one's credit history, and closing them abruptly may shorten the average age of accounts, which can have a negative effect on the credit score.

Regular payment of credit card bills contributes to a favorable credit score. By consistently paying credit card bills on time and in full, borrowers demonstrate responsible credit management, which is a positive indicator for creditworthiness. Timely payment of credit obligations reflects financial discipline and reliability, which are essential for maintaining a good credit score.

Fraud and identity theft are common credit problems. These issues can severely impact an individual's credit score and financial well-being. It is crucial to monitor credit reports regularly to detect and address any fraudulent activity promptly.

High utilization of approved credit limit can contribute to a negative credit score. This means using a large portion of the credit available to you, which can indicate financial strain and potentially impact your creditworthiness. It is important to manage credit utilization to maintain a healthy credit score.

Defaulting on credit card bills can lead to cheque bounces/dishonors. Failing to make timely payments on credit card bills can result in financial penalties and dishonored payments, which can negatively impact one's credit history and overall financial health.

In the case of constructing a house, disbursements are typically managed in stages based on the progress in construction. This method ensures that funds are released gradually as different construction milestones are reached, providing financial support when needed the most during the building process.