SBI CBO Mock Test - 10 - Bank Exams MCQ
30 Questions MCQ Test Mock Test Series for SBI CBO Exam 2025 - SBI CBO Mock Test - 10
As formal organizations, business corporations are distinguished by their particular goals, which include maximization of profits, growth, and survival. Providing goods and services is a means to this end. If, for example, a number of individuals (outsiders or even insiders) believe that a company‘s aggressive marketing of infant formula in third world countries is morally wrong, the company is unlikely to be moved by arguments based on ethos alone as long as what it is doing remains profitable. But if those opposed to the company‘s practice organize a highly effective boycott of the company‘s products, their moral views will soon enter into the company‘s deliberations indirectly as limiting operating conditions. They can, at this point, no more be ignored than a prohibitive increase in the costs of certain raw materials.
Although the concepts and categories of ethics may be applied to the conduct of corporations, there are important differences between the values and principles underlying corporate behaviour and those underlying the actions of most individuals. If corporations are by their nature end- or goal-directed how can they acknowledge acts as wrong in and of themselves? Is it possible to hold one criminally responsible for acts that if performed by a human person would result in criminal liability?
The first case of this type to achieve widespread public attention was the attempt to prosecute the Ford Motor Company for manslaughter as the result of alleged negligent or reckless decision making concerning the safety engineering of the Pinto vehicle. Although the defendant corporation and its officers were found innocent after trial, the case can serve as an exemplar for our purposes.
In essence, the prosecution in this case attempted to show that the corporation had produced and distributed a vehicle that was known to be defective at the time of production and sale, and that even after a great deal of additional information accumulated regarding the nature of the problems, the corporation took no action to correct them. The obvious non-corporate analogy would be the prosecution of a person who was driving a car with brakes known to be faulty, who does not have them repaired because it would cost too much, and who kills someone when the brakes eventually fail and the car does not stop in time. Such cases involving individuals are prosecuted and won regularly.
If corporations have no concept of right or wrong because they are exclusively goal-directed, can they be convicted in cases of this type, and what purpose would be served by such a conviction? Perhaps we can make a utilitarian argument for convicting corporations of such crimes. The argument would be that of deterrence; conviction and punishment would deter other corporations from taking similar actions under similar circumstances. However, there appears to be considerable evidence that deterrence does not work on corporations, even if, arguably, it works on individuals. The possibility of being discovered and the potential magnitude of the fine merely become more data to be included in the analysis of limiting conditions.
Directions: Read the above paragraph and answer the following:
Q. If a company that produced shampoo products opted to stop the routine testing of its products on animals because it decided that it is wrong to cause the animals pain, what effect would this have on the argument made in the passage?
As formal organizations, business corporations are distinguished by their particular goals, which include maximization of profits, growth, and survival. Providing goods and services is a means to this end. If, for example, a number of individuals (outsiders or even insiders) believe that a company‘s aggressive marketing of infant formula in third world countries is morally wrong, the company is unlikely to be moved by arguments based on ethos alone as long as what it is doing remains profitable. But if those opposed to the company‘s practice organize a highly effective boycott of the company‘s products, their moral views will soon enter into the company‘s deliberations indirectly as limiting operating conditions. They can, at this point, no more be ignored than a prohibitive increase in the costs of certain raw materials.
Although the concepts and categories of ethics may be applied to the conduct of corporations, there are important differences between the values and principles underlying corporate behaviour and those underlying the actions of most individuals. If corporations are by their nature end- or goal-directed how can they acknowledge acts as wrong in and of themselves? Is it possible to hold one criminally responsible for acts that if performed by a human person would result in criminal liability?
The first case of this type to achieve widespread public attention was the attempt to prosecute the Ford Motor Company for manslaughter as the result of alleged negligent or reckless decision making concerning the safety engineering of the Pinto vehicle. Although the defendant corporation and its officers were found innocent after trial, the case can serve as an exemplar for our purposes.
In essence, the prosecution in this case attempted to show that the corporation had produced and distributed a vehicle that was known to be defective at the time of production and sale, and that even after a great deal of additional information accumulated regarding the nature of the problems, the corporation took no action to correct them. The obvious non-corporate analogy would be the prosecution of a person who was driving a car with brakes known to be faulty, who does not have them repaired because it would cost too much, and who kills someone when the brakes eventually fail and the car does not stop in time. Such cases involving individuals are prosecuted and won regularly.
If corporations have no concept of right or wrong because they are exclusively goal-directed, can they be convicted in cases of this type, and what purpose would be served by such a conviction? Perhaps we can make a utilitarian argument for convicting corporations of such crimes. The argument would be that of deterrence; conviction and punishment would deter other corporations from taking similar actions under similar circumstances. However, there appears to be considerable evidence that deterrence does not work on corporations, even if, arguably, it works on individuals. The possibility of being discovered and the potential magnitude of the fine merely become more data to be included in the analysis of limiting conditions.
Directions: Read the above paragraph and answer the following:
Q. Which of the following assertions would most strengthen the author‘s claim that deterrence will not work on corporations?
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).
Directions: In the following question a sentence is given with two blanks. You have to choose the correct pair of words that fill the blanks correctly in terms of grammar and context.
While India’s post-independence rural policy was about ________ agricultural labour to cities, we need a dual approach to incentivising job creation at rural India’s _______.
The man told to her / that he had not brought his dog / out for a walk as he was afraid that it would rain / No error.
He couldn't but help / shedding tears at the plight of the villagers / rendered homeless by a devastating cyclone / No error.
Directions: A sentence is given here with a blank and you need to fill the blank choosing the word/words given below. If all the words given can fill the blank appropriately, choose ‘All are correct’ as your answer.
The southwest monsoon is a determinant of India’s overall _________ .
I. security
II. prosperity
III. riches
He will certainly help you / if you will ask him / in a pleasant / No error.
When the ATMs are set up on the premises of the bank so that both the physical branch and ATM can be used. Then such type of ATM is called ____________.
In India a borrower can use _____% of the external commercial borrowing(ECB) to repay rupee debt.
What is the new eligibility limit for NBFCs for debt recovery under the SARFAESI Act ?
Which bank is the first bank to introduce a savings account in India?
__________ are the borrowers who are unwilling to repay their debt obligations, despite having the capacity to pay.
The first Mutual funds in India was created in which year?
What is the minimum transaction limit under the National Electronic Funds Transfer (NEFT)?
What percent of the ownership was allowed for foreign companies when applications for registrations were invited in August 2000 by IRDA?
What is the present Foreign Direct Investment (FDI) Limit of the Defence industry subject to industrial licensing under the Automatic Route?
Which of the following statements holds true about Mutual Funds?
The origin of Indian cooperative banking started is with the passing of the Cooperative Credit Societies Act in _____.
____________ is India's apex regulatory organization for licensing and regulating micro, small and medium-sized enterprise financial companies.
What is the need of Foreign Institutional Investors (FII)?
Any computer hardware or software device that seeks access to a service offered by a server is referred to as a ________ in home and business networks.
In which one of the following, the multiple lower entities are grouped (or combined) together to form a single higher-level entity?
Computers all over the world are connected by a huge global network called the _________.
UNIVAC was the first generation computer. What is its full form?
Important Questions for SBI CBO Mock Test - 10
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