Bank Exams Exam  >  Bank Exams Tests  >  Mock Test Series for SBI CBO Exam 2024  >  SBI CBO Mock Test - 2 - Bank Exams MCQ

SBI CBO Mock Test - 2 - Bank Exams MCQ


Test Description

120 Questions MCQ Test Mock Test Series for SBI CBO Exam 2024 - SBI CBO Mock Test - 2

SBI CBO Mock Test - 2 for Bank Exams 2024 is part of Mock Test Series for SBI CBO Exam 2024 preparation. The SBI CBO Mock Test - 2 questions and answers have been prepared according to the Bank Exams exam syllabus.The SBI CBO Mock Test - 2 MCQs are made for Bank Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for SBI CBO Mock Test - 2 below.
Solutions of SBI CBO Mock Test - 2 questions in English are available as part of our Mock Test Series for SBI CBO Exam 2024 for Bank Exams & SBI CBO Mock Test - 2 solutions in Hindi for Mock Test Series for SBI CBO Exam 2024 course. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free. Attempt SBI CBO Mock Test - 2 | 120 questions in 120 minutes | Mock test for Bank Exams preparation | Free important questions MCQ to study Mock Test Series for SBI CBO Exam 2024 for Bank Exams Exam | Download free PDF with solutions
1 Crore+ students have signed up on EduRev. Have you? Download the App
SBI CBO Mock Test - 2 - Question 1

Henry Varnum Poor, editor of American Railroad Journal, drew the important elements of the image of the railroad together in 1851, ―Look at the results of this material progress, the vigor, life, and executive energy that followed in its train, rapidly succeeded by wealth, the refinement and intellectual culture of a high civilization. All this is typified, in a degree, by a locomotive. The combination in its construction of nice art and scientific application of power, its speed surpassing that of our proudest courser, and its immense strength, are all characteristic of our age and tendencies. To us, like the telegraph, it is essential, it constitutes a part of our nature, is a condition of our being what we are.

In the third decade of the nineteenth century, Americans began to define their character in light of the new railroads. They liked the idea that it took special people to foresee and capitalize on the promise of science. Railroad promoters, using the steam engine as a metaphor for what they thought Americans were and what they thought Americans were becoming, frequently discussed parallels between the locomotive and national character, pointing out that both possessed youth, power, speed, single-mindedness, and bright prospects.

Poor was, of course, promoting acceptance of railroads and enticing his readers to open their pocketbooks. But his metaphors had their dark side. A locomotive was quite unlike anything Americans had ever seen. It was large, mysterious and dangerous; many thought that it was a monster waiting to devour the unwary. There was a suspicion that a country founded upon Jeffersonian agrarian principles had bought a ticket and boarded a train pulled by some iron monster into the dark recesses of an unknown future.

To ease such public apprehensions, promoters, poets, editors, and writers alike adopted the notion that locomotives were really only ―iron horses, an early metaphor that lingered because it made steam technology ordinary and understandable. Iron horse metaphors assuaged fears about inherent defects in the national character, prompting images of a more secure future, and made an alien technology less frightening, and even comforting and congenial.

Essayist Ralph Waldo Emerson saw the locomotive as an agent of domestic harmony. He observed that ―the locomotive and the steamboat, like enormous shuttles, shoot every day across the thousand various threads of national descent and employment and bind them fast in one web, adding ―an hourly assimilation goes forward, and there is no danger that local peculiarities and hostilities should be preserved. To us Americans, it seems to have fallen as a political aid. We could not else have held the vast North America together, which we now engage to do.

Direction: Read the above Paragraph and answer the following Questions
Q.  Which of the following claims would the author of the passage most agree with? 

Detailed Solution for SBI CBO Mock Test - 2 - Question 1

Mapping of Passage:

  • Para 1 describes the opinions of one railroad promoter (Poor), who tied the railroad to the progressive nature of American character.
  • Para 2 describes the American idea of the time that the railroad reflected elements of American character.
  • Para 3 and 4 discuss the fears associated with the railroad and the metaphors presented to counter them.
  • Para 5 describes the way that Americans were won over to the railroad by these metaphors (Emerson).

The question stem gives you a big hint—take the statement "at face value" and "objectively." Don't over think! The passage itself is straightforward, so review the author‘s main gist: the railroad reflected American character at the time, and despite a few misgivings, Americans were generally on board.
While three answer choices don‘t fit with what the author argues, option (E) fits and is supported extensively in the last paragraph.

SBI CBO Mock Test - 2 - Question 2

Henry Varnum Poor, editor of American Railroad Journal, drew the important elements of the image of the railroad together in 1851, ―Look at the results of this material progress, the vigor, life, and executive energy that followed in its train, rapidly succeeded by wealth, the refinement and intellectual culture of a high civilization. All this is typified, in a degree, by a locomotive. The combination in its construction of nice art and scientific application of power, its speed surpassing that of our proudest courser, and its immense strength, are all characteristic of our age and tendencies. To us, like the telegraph, it is essential, it constitutes a part of our nature, is a condition of our being what we are.

In the third decade of the nineteenth century, Americans began to define their character in light of the new railroads. They liked the idea that it took special people to foresee and capitalize on the promise of science. Railroad promoters, using the steam engine as a metaphor for what they thought Americans were and what they thought Americans were becoming, frequently discussed parallels between the locomotive and national character, pointing out that both possessed youth, power, speed, single-mindedness, and bright prospects.

Poor was, of course, promoting acceptance of railroads and enticing his readers to open their pocketbooks. But his metaphors had their dark side. A locomotive was quite unlike anything Americans had ever seen. It was large, mysterious and dangerous; many thought that it was a monster waiting to devour the unwary. There was a suspicion that a country founded upon Jeffersonian agrarian principles had bought a ticket and boarded a train pulled by some iron monster into the dark recesses of an unknown future.

To ease such public apprehensions, promoters, poets, editors, and writers alike adopted the notion that locomotives were really only ―iron horses,‖ an early metaphor that lingered because it made steam technology ordinary and understandable. Iron horse metaphors assuaged fears about inherent defects in the national character, prompting images of a more secure future, and made an alien technology less frightening, and even comforting and congenial.

Essayist Ralph Waldo Emerson saw the locomotive as an agent of domestic harmony. He observed that ―the locomotive and the steamboat, like enormous shuttles, shoot every day across the thousand various threads of national descent and employment and bind them fast in one web, "adding ―an hourly assimilation goes forward, and there is no danger that local peculiarities and hostilities should be preserved. To us Americans, it seems to have fallen as a political aid. We could not else have held the vast North America together, which we now engage to do"

Direction: Read the above Paragraph and answer the following Questions
Q. The passage is primarily concerned with which of the following? 

Detailed Solution for SBI CBO Mock Test - 2 - Question 2

Mapping the Passage:

  • Para 1 describes the opinions of one railroad promoter (Poor), who tied the railroad to the progressive nature of American character.
  • Para 2 describes the American idea of the time that the railroad reflected elements of the American character.
  • Para 3 and 4 discuss the fears associated with the railroad and the metaphors presented to counter them.
  • Para 5 describes the way that Americans were won over to the railroad by these metaphors (Emerson).

The passage broadly describes the early years of the railroad and its impact on the American character at that time. Option B fits in very nicely with this.

SBI CBO Mock Test - 2 - Question 3

Henry Varnum Poor, editor of American Railroad Journal, drew the important elements of the image of the railroad together in 1851, ―Look at the results of this material progress, the vigor, life, and executive energy that followed in its train, rapidly succeeded by wealth, the refinement and intellectual culture of a high civilization. All this is typified, in a degree, by a locomotive. The combination in its construction of nice art and scientific application of power, its speed surpassing that of our proudest courser, and its immense strength, are all characteristic of our age and tendencies. To us, like the telegraph, it is essential, it constitutes a part of our nature, is a condition of our being what we are.

In the third decade of the nineteenth century, Americans began to define their character in light of the new railroads. They liked the idea that it took special people to foresee and capitalize on the promise of science. Railroad promoters, using the steam engine as a metaphor for what they thought Americans were and what they thought Americans were becoming, frequently discussed parallels between the locomotive and national character, pointing out that both possessed youth, power, speed, single-mindedness, and bright prospects.

Poor was, of course, promoting acceptance of railroads and enticing his readers to open their pocketbooks. But his metaphors had their dark side. A locomotive was quite unlike anything Americans had ever seen. It was large, mysterious and dangerous; many thought that it was a monster waiting to devour the unwary. There was a suspicion that a country founded upon Jeffersonian agrarian principles had bought a ticket and boarded a train pulled by some iron monster into the dark recesses of an unknown future.

To ease such public apprehensions, promoters, poets, editors, and writers alike adopted the notion that locomotives were really only ―iron horses,‖ an early metaphor that lingered because it made steam technology ordinary and understandable. Iron horse metaphors assuaged fears about inherent defects in the national character, prompting images of a more secure future, and made an alien technology less frightening, and even comforting and congenial.

Essayist Ralph Waldo Emerson saw the locomotive as an agent of domestic harmony. He observed that ―the locomotive and the steamboat, like enormous shuttles, shoot every day across the thousand various threads of national descent and employment and bind them fast in one web,"adding ―an hourly assimilation goes forward, and there is no danger that local peculiarities and hostilities should be preserved. To us Americans, it seems to have fallen as a political aid. We could not else have held the vast North America together, which we now engage to do."

Direction: Read the above Paragraph and answer the following Questions.
Q.  According to the passage, which of the following is most likely to be true about Ralph Waldo Emerson‘s beliefs? 

Detailed Solution for SBI CBO Mock Test - 2 - Question 3

Mapping the Passage:

  • Para 1 describes the opinions of one railroad promoter (Poor), who tied the railroad to the progressive nature of American character.
  • Para 2 describes the American idea of the time that the railroad reflected elements of American character.
  • Para 3 and 4 discuss the fears associated with the railroad and the metaphors presented to counter them.
  • Para 5 describes the way that Americans were won over to the railroad by these metaphors (Emerson).

Where is Emerson mentioned? Review the last paragraph: Emerson thought that the locomotive kept the nation together. Look for an answer choice that ties into this unity: Option (C) does just that.

SBI CBO Mock Test - 2 - Question 4

Henry Varnum Poor, editor of American Railroad Journal, drew the important elements of the image of the railroad together in 1851, ―Look at the results of this material progress, the vigor, life, and executive energy that followed in its train, rapidly succeeded by wealth, the refinement and intellectual culture of a high civilization. All this is typified, in a degree, by a locomotive. The combination in its construction of nice art and scientific application of power, its speed surpassing that of our proudest courser, and its immense strength, are all characteristic of our age and tendencies. To us, like the telegraph, it is essential, it constitutes a part of our nature, is a condition of our being what we are.

In the third decade of the nineteenth century, Americans began to define their character in light of the new railroads. They liked the idea that it took special people to foresee and capitalize on the promise of science. Railroad promoters, using the steam engine as a metaphor for what they thought Americans were and what they thought Americans were becoming, frequently discussed parallels between the locomotive and national character, pointing out that both possessed youth, power, speed, single-mindedness, and bright prospects.

Poor was, of course, promoting acceptance of railroads and enticing his readers to open their pocketbooks. But his metaphors had their dark side. A locomotive was quite unlike anything Americans had ever seen. It was large, mysterious and dangerous; many thought that it was a monster waiting to devour the unwary. There was a suspicion that a country founded upon Jeffersonian agrarian principles had bought a ticket and boarded a train pulled by some iron monster into the dark recesses of an unknown future.

To ease such public apprehensions, promoters, poets, editors, and writers alike adopted the notion that locomotives were really only ―iron horses,‖ an early metaphor that lingered because it made steam technology ordinary and understandable. Iron horse metaphors assuaged fears about inherent defects in the national character, prompting images of a more secure future, and made an alien technology less frightening, and even comforting and congenial.

Essayist Ralph Waldo Emerson saw the locomotive as an agent of domestic harmony. He observed that ―the locomotive and the steamboat, like enormous shuttles, shoot every day across the thousand various threads of national descent and employment and bind them fast in one web,"adding ―an hourly assimilation goes forward, and there is no danger that local peculiarities and hostilities should be preserved. To us Americans, it seems to have fallen as a political aid. We could not else have held the vast North America together, which we now engage to do."

Direction: Read the above Paragraph and answer the following Questions
Q. Suppose that an early nineteenth-century American inventor had developed a device that made it easier to construct multi-story building. How would early nineteenth-century Americans be expected to react to this invention?  

Detailed Solution for SBI CBO Mock Test - 2 - Question 4

Mapping the Passage:

  • Para 1 describes the opinions of one railroad promoter (Poor), who tied the railroad to the progressive nature of American character.
  • Para 2 describes the American idea of the time that the railroad reflected elements of American character.
  • Para 3 and 4 discuss the fears associated with the railroad and the metaphors presented to counter them.
  • Para 5 describes the way that Americans were won over to the railroad by these metaphors (Emerson).

The new situation involves scientific progress much like the railroad, what does the author say about Americans‘ ideas about this?
Go back to Para 2: the author argues that Americans had a special fondness for science and progress. Therefore, they‘d endorse something that furthered these goals. So option (B) fits.

SBI CBO Mock Test - 2 - Question 5

Directions: Spot the error in the underlined part of the sentence and choose the correct sentence accordingly.

A sphere cannot be represented on a flat plane without distortion, which will mean that all map projections will distort in one way or another.

Detailed Solution for SBI CBO Mock Test - 2 - Question 5
  • The shift to the future tense is unnecessary from the present. 'Cannot be represented' as it is a fact.
  • It is an error to change which to that, as which introduces a descriptive clause. 
  • 'One way or another' is the correct idiom.
SBI CBO Mock Test - 2 - Question 6

Find the correctly spelt word from the following?

Detailed Solution for SBI CBO Mock Test - 2 - Question 6

The correct answer is Rehabilitation

  • Rehabilitation meaning - the action of restoring someone to health or normal life through training and therapy after imprisonment, addiction, or illness.
  • Crystallization meaning - the process of forming crystals.
  • Interrogation meaning - a process of asking someone a lot of questions for a long time in order to get information, sometimes using threats or violence.
  • Controversial meaning - giving rise or likely to give rise to controversy or public disagreement.
SBI CBO Mock Test - 2 - Question 7

Then

P: it struck me
Q: of course
R: suitable it was
S: how eminently

The Proper sequence should be:

Detailed Solution for SBI CBO Mock Test - 2 - Question 7

The correct order will be:
Then → it struck me (P)→ how eminently (S)→ suitable it was(R) → of course.(Q)

SBI CBO Mock Test - 2 - Question 8

The new knowledge produced by original research is an instance of social capital formation. Hence, the university's unique institutional mission is to manufacture knowledge as a/an _______

Detailed Solution for SBI CBO Mock Test - 2 - Question 8

Public good, 'social capital' controls the word. The most appropriuate option approximating to 'social capital' is public good.

SBI CBO Mock Test - 2 - Question 9

Mulk Raj Anand is one of the most ...... Indo-Anglian novelists and story-writers of today.

Detailed Solution for SBI CBO Mock Test - 2 - Question 9

Mulk Raj Anand is one of the most eminent Indo-Anglian novelists and story-writers of today.

SBI CBO Mock Test - 2 - Question 10

Will you kindly open the knot?

Detailed Solution for SBI CBO Mock Test - 2 - Question 10

A "knot" is something that you tie,
so to open it would be "untie".

SBI CBO Mock Test - 2 - Question 11

"I absolutely must (seen) him, however painful it may be for me."

Detailed Solution for SBI CBO Mock Test - 2 - Question 11

Must should be followed by a verb in simple present. Hence, the answer should be "must see".

SBI CBO Mock Test - 2 - Question 12

DirectionsIn questions given below out of four alternatives, choose the one which can be substituted for the given word/sentence.

Q. The study of ancient societies.

Detailed Solution for SBI CBO Mock Test - 2 - Question 12

One word substitution is Archaeology.

Anthropology is the scientific study of humans, human behavior and societies in the past and present.

Archaeology is the science which studies ancient societies based on their material remains. Through the analysis of objects and those works constructed by ancient peoples, this science can arrive at conclusions about their culture and their ways of life. There are several branches of Archaeology as well as many tools relevant to this science.

History is the past as it is described in written documents, and the study thereof.

Ethnology is (anthropology) the branch of anthropology that studies and compares the different human cultures.

SBI CBO Mock Test - 2 - Question 13

Who is creating this mess?

Detailed Solution for SBI CBO Mock Test - 2 - Question 13

By whom is this mess being created?
Given sentence is in present continuous tense and it is in active voice.
Rule :
Subject + (is /am /are) + being + V3 + Other agents.

SBI CBO Mock Test - 2 - Question 14

Choose the option which contains a mistake.

Detailed Solution for SBI CBO Mock Test - 2 - Question 14

The word “felicitate” in the third sentence is used as a verb. But, the word that describes a noun “contacts”, must be an adjective.

The word used must be "felicitated".

The answer is Option C.

SBI CBO Mock Test - 2 - Question 15

To resume negotiations means to :

Detailed Solution for SBI CBO Mock Test - 2 - Question 15
  • Break off negotiations (=stop them). The two companies have broken off negotiations on the deal.
  • Resume negotiations (=start them again)
SBI CBO Mock Test - 2 - Question 16

I read an advertisement that said

P: posh, air-conditioned
Q: gentleman of taste
R: are available for
S: fully furnished rooms

The Proper sequence should be:

Detailed Solution for SBI CBO Mock Test - 2 - Question 16

The correct order will be:
I read an advertisement that said → posh, air-conditioned (P)→ fully furnished rooms (S)→ are available for (R)→ gentleman of taste.(Q)

SBI CBO Mock Test - 2 - Question 17

Nazis did not exterminate the Jews in order to take their_________as most Jews were _________, and those who owned anything probably would have given it up gladly in order to save themselves.

Detailed Solution for SBI CBO Mock Test - 2 - Question 17

"those who owned anything probably would have given it up gladly in order to save themselves" controls the first blank—hence property, or territory may fit the blank. "Atheists" eliminates option 3. If the Nazis did not exterminate them for what they own—the writer rules out this reason because most Jews probably had nothing, hence poor fits the next blank.

SBI CBO Mock Test - 2 - Question 18

....., every student of English literature must read all the best dramas of Shakespeare.        

Detailed Solution for SBI CBO Mock Test - 2 - Question 18

The correct answer is C: In my opinion.


Explanation:
In this sentence, the phrase "According to me," "Accordance with," "In place of me point of view," and "From me opinion" are grammatically incorrect and do not convey the intended meaning. The correct phrase to express an individual's viewpoint is "In my opinion."
Here's a breakdown of the options:
- A: "According to me" - This phrase is grammatically incorrect and does not fit into the sentence structure.
- B: "Accordance with" - This phrase is not suitable in this context and does not convey the intended meaning.
- C: "In my opinion" - This is the correct phrase to express an individual's viewpoint or preference.
- D: "In place of me point of view" - This phrase is grammatically incorrect and does not fit into the sentence structure.
- E: "From me opinion" - This phrase is grammatically incorrect and does not fit into the sentence structure.
Therefore, the correct answer is C: In my opinion.
SBI CBO Mock Test - 2 - Question 19

If he had time he will call you.

Detailed Solution for SBI CBO Mock Test - 2 - Question 19

If he has time he will call you.

SBI CBO Mock Test - 2 - Question 20

"He (to be) positively rude."

Detailed Solution for SBI CBO Mock Test - 2 - Question 20

The sentence is in the past tense, indicated by the verb "to be." The correct form of "to be" in the past tense for "he" is "was." Additionally, the continuous form of the verb ("being") is needed to describe an ongoing action in the past. Therefore, the correct phrase is "was being." The sentence should read, "He was being positively rude."

SBI CBO Mock Test - 2 - Question 21

DirectionsIn questions given below out of four alternatives, choose the one which can be substituted for the given word/sentence.

Q. A person of good understanding knowledge and reasoning power.

Detailed Solution for SBI CBO Mock Test - 2 - Question 21

One word substitution is Intellectual.

Expert: A person who is very knowledgeable about or skillful in a particular area.

Intellectual: Intelligent; knowledgeable.

Snob: A person with an exaggerated respect for high social position or wealth who seeks to associate with social superiors and looks down on those regarded as socially inferior.

Literate: Able to read and write.

SBI CBO Mock Test - 2 - Question 22

They greet me cheerfully every morning.

Detailed Solution for SBI CBO Mock Test - 2 - Question 22

Use structure “subject + auxiliary + past participle + by + object”
As per the given above sentence is given in Passive Voice.
I am greeted cheerfully by them every morning.
Hence , option B is correct voice sentence .

SBI CBO Mock Test - 2 - Question 23

Directions: In each of the following questions a sentence is given with one blank. You have to fill the blank with one of the words given as options in order to make the sentence contextually and grammatically correct.

It will make a bad economic situation marginally _______________ and, perhaps, even create a black market in certain articles.

Detailed Solution for SBI CBO Mock Test - 2 - Question 23

The presence of a ‘bad economic situation’ indicates that the statement has a negative tone. Further, the word ‘marginally’ before the blank indicates that the answer should be in comparative form.

The word ‘worse’ makes the sentence both grammatically and contextually correct .

Option B is hence the correct option.

SBI CBO Mock Test - 2 - Question 24

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 'E'. (Ignore the errors of punctuation, if any).

Detailed Solution for SBI CBO Mock Test - 2 - Question 24

Correct option is D.
as he has to go ⇒ as he had to go
option D

SBI CBO Mock Test - 2 - Question 25

S1:And then Gandhi came.

P :Get off the backs of these peasants and workers, he told us, all you who live by their exploitation.

Q :He was like a powerful current of fresh air, like a beam of light, like a whirlwind that upset many things.

R :He spoke their language and constantly dre their attention to their appalling conditions.

S :He didn't descent from the top, he seemed to emerge from the masses of India.

S6:Political freedom took new shape and then acquired a new content.

The Proper sequence should be:

Detailed Solution for SBI CBO Mock Test - 2 - Question 25

He didn’t descent from the top, he seemed to emerge from the masses of India. He spoke their language and constantly drew their attention to their appalling conditions. He was like a powerful current of fresh air, like a beam of light, like a whirlwind that upset many things. Get off the backs of these peasants and workers, he told us, all you who live by their exploitation.

SBI CBO Mock Test - 2 - Question 26

Directions: In each of the following questions a sentence is given with one blank. You have to fill the blank with one of the words given as options in order to make the sentence contextually and grammatically correct.

Right now, the concern is about banks not lowering their lending rates fast enough, _______________ the repo rate has been coming down.

Detailed Solution for SBI CBO Mock Test - 2 - Question 26

Carefully studying the sentence fragments before and after the blank, it can be concluded that they should be joined by a conjunction which means in spite of the fact that.

The conjunction ‘although’ makes the sentence both grammatically and contextually correct.

Option C is hence the correct option.

SBI CBO Mock Test - 2 - Question 27

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).

Detailed Solution for SBI CBO Mock Test - 2 - Question 27

has paid

SBI CBO Mock Test - 2 - Question 28

S1:Biological evolution has not fitted man to any specific environment.

P :It is by no means a biological evolution, but it is a cultural one.

Q :His imagination, his reason, his emotional subtlety and toughness, makes it possible for him not to accept the environment but to change.

R :And that series of inventions by which man from age by age has reshaped his environment is a different kind of evolution.

S :Among the multitude of animals which scamper, burrow swim around us he is in the only one who is not locked in to his environment.

S6:That brilliant sequence of cultural peaks can most appropriately be termed the ascent of man.

The Proper sequence should be:

Detailed Solution for SBI CBO Mock Test - 2 - Question 28

His imagination, his reason, his emotional subtlety and toughness, makes it possible for him not to accept the environment but to change. And that series of inventions by which man from age by age has reshaped his environment is a different kind of evolution. Among the multitude of animals which scamper, burrow swim around us he is in the only one who is not locked into his environment. It is by no means a biological evolution, but is a cultural one.

SBI CBO Mock Test - 2 - Question 29

Directions: In each of the following questions a sentence is given with one blank. You have to fill the blank with one of the words given as options in order to make the sentence contextually and grammatically correct.

India’s problem is not the paucity of traffic rules and regulations but a general _______________ for them.

Detailed Solution for SBI CBO Mock Test - 2 - Question 29

The blank is a reason of the ‘problem’ and hence it should be a negative word. This word should also be one that can be followed by the preposition ‘for’.

The word ‘disregard’ makes the sentence both grammatically and contextually correct.

Option D is hence the correct option

SBI CBO Mock Test - 2 - Question 30

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).

Detailed Solution for SBI CBO Mock Test - 2 - Question 30

penetrate into the biological tissue ⇒ penetrate the biological tissue.

SBI CBO Mock Test - 2 - Question 31

Exim Bank was established by the Indian government under the Export-Import Bank of India Act ________ as an export credit provider, replicating worldwide export credit agencies. Where is the headquarters of EXIM Bank?

Detailed Solution for SBI CBO Mock Test - 2 - Question 31

Exim Bank was established by the Indian government under the Export-Import Bank of India Act, 1981 as an export credit provider, replicating worldwide export credit agencies. Headquarters: Mumbai

SBI CBO Mock Test - 2 - Question 32

A Non-Banking Financial Company (NBFC) is a company registered under _________.

Detailed Solution for SBI CBO Mock Test - 2 - Question 32

A Non-Banking Financial Company (NBFC) is a company registered under Companies Act, 1956.

SBI CBO Mock Test - 2 - Question 33

The first ever life insurance company in India, Oriental Life Insurance Company, was set up in Calcutta in the year _________.

Detailed Solution for SBI CBO Mock Test - 2 - Question 33
  • The life insurance business commenced in India with the establishment of Oriental Life Insurance Company in Calcutta in 1818.
  • The general insurance business came to India in the year 1850 in Calcutta as the Triton Insurance Company Limited.
SBI CBO Mock Test - 2 - Question 34

Where are the IMF headquarters located?

Detailed Solution for SBI CBO Mock Test - 2 - Question 34

The International Monetary Fund is an international organization headquartered in Washington, D.C., of "189 countries working to foster global monetary cooperation, secure financial stability.

SBI CBO Mock Test - 2 - Question 35

Who among the following can make Foreign Portfolio Investments?

Detailed Solution for SBI CBO Mock Test - 2 - Question 35

Foreign portfolio investing is popular among several different types of investors. Common transactors of foreign portfolio investment include:

  • Individuals
  • Companies
  • Foreign governments
SBI CBO Mock Test - 2 - Question 36

Which of the following statements is/are correct regarding Exim Bank?

  1. It provides financial advice and counseling services for internationalisation of business of Indian companies which are foreign oriented.
  2. It provides working capital term loan to export-oriented units.
  3. It extends buyers' credit and lines of credit
Detailed Solution for SBI CBO Mock Test - 2 - Question 36

Export-Import Bank of India is a finance institution in India, established in 1982 under Export-Import Bank of India Act 1981. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. The main functions of EXIM are:

  1. To ensure and integrated and co-ordinated approach in solving the allied problems encountered by exporters in India.
  2. To pay specific attention to the exports of capital goods;
  3. Export projection;
  4. To facilitate and encourage joint ventures and export of technical services and international and merchant banking;
  5. To extend buyers' credit and lines of credit;
  6. To tap domestic and foreign markets for resources for undertaking development and financial activities in the export sector.
  7. To provide term loans/deferred payment guarantees to 100% export‑oriented units, units in trade zones and computer software exporters.
  8. To provide financial advice and counseling services for internationalisation of business of Indian companies which are foreign oriented.
SBI CBO Mock Test - 2 - Question 37

The Reserve Bank of India has decided to help banks as a temporary measure, by providing additional liquidity support under LAF. What does LAF stand for?

Detailed Solution for SBI CBO Mock Test - 2 - Question 37

A liquidity adjustment facility (LAF) is a tool used in monetary policy, primarily by the Reserve Bank of India (RBI), that allows banks to borrow money through repurchase agreements (repos) or for banks to make loans to the RBI through reverse repo agreements. This arrangement manages liquidity pressures and assures basic stability in the financial markets. In the United States, the Federal Reserve transacts repos and reverse repos under its open market operations.

SBI CBO Mock Test - 2 - Question 38

Which of the following Organization introduced the concept of Financial Inclusion in India ?

Detailed Solution for SBI CBO Mock Test - 2 - Question 38
  • The concept of financial inclusion was first introduced in India in 2005 by the Reserve Bank of India.​ 
  • Reserve Bank of India (RBI):-
    • The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act 1934
    • since Nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
  • AIM:
    • ​To regulate the issue of Banknotes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth.
    • It is known as Banker's Bank.
    • It has the power to provide and cancel the license to other commercials, scheduled banks.
    • Headquarters: Mumbai.
    • Governor: Shakthikantha Das.
SBI CBO Mock Test - 2 - Question 39

Consider the following statements regarding the Money and Capital market in India:

  1. Money markets are generally much safer than capital markets.
  2. Investment in the capital market requires a huge financial outlay to invest compared to the money market.
  3. Capital market generally yields a higher return for investors than the money markets. 

Which of the statements given above is/are correct?

Detailed Solution for SBI CBO Mock Test - 2 - Question 39

Money and Capital market in India

  • Capital market instruments are riskier both concerning returns and principal repayment.
  • Issuing companies may fail to perform as per projections and promoters may defraud investors.
  • On the other hand, the money market is generally much safer with a minimum risk of default. Hence, Statement 1 is correct.
  • This is due to the shorter duration of investing and also to the financial soundness of the issuers, which primarily are the government, banks, and highly rated companies.
  • Investment in the capital market i.e., securities do not necessarily require a huge financial outlay. Hence, Statement 2 is incorrect.
  • The value of units of securities is generally low i.e., Rs 10, Rs 100. In the money market, transactions entail huge sums of money as the instruments are quite expensive. 
  • Investment in capital markets generally yields a higher return for investors than the money markets. Hence, Statement 3 is correct.
  • The possibility of earnings is higher if the securities are held for a longer duration.
  • First, there is the scope of earning capital gains in equity shares.
  • Second, in the long run, the prosperity of a company is shared by shareholders by way of high dividends and bonus issues. 
SBI CBO Mock Test - 2 - Question 40

What is meant “By Technical NPA”?

Detailed Solution for SBI CBO Mock Test - 2 - Question 40

NPA is a loan account becoming NPA for non – renewal, for not obtaining stock statements and non- recording the due date after re-phasing / restructuring of a loan account.

SBI CBO Mock Test - 2 - Question 41

Which among the following authority governs the mutual funds business in India?

Detailed Solution for SBI CBO Mock Test - 2 - Question 41

SEBI(Securities and Exchange Board of India)

  • The mutual fund industry was set up in India in the year 1963 with the formation of Unit Trust of India(UTI), as the initiative of the Government of India and the Reserve bank of India.
  • Mutual funds business is governed by the SEBI(Securities and Exchange Board of India) in India.

About SEBI:

  • The Securities and Exchange Board of India was established on April 12, 1992, in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.
  • Its headquarters is in Mumbai.
  • Shri Ajay Tyagi is the current chairman of SEBI.

About RBI: 

  • ​RBI was established on April 1, 1935, under the Reserve Bank of India Act,1934.
  • Current Governor of RBI is  Shri Shaktikanta Das ( 25th )
  • Sir Osborne Smith was the first governor of RBI and C.D Deshmukh was the first Indian governor of RBI.
  • It operates the currency and credit system of the country.
  • It is called the Bankers Bank of India.
  • It formulates, implements, and monitors the monetary policy.
SBI CBO Mock Test - 2 - Question 42

As per the RBI instructions in case of a failed ATM transaction, the card-issuing bank has been mandated to resolve the customer complaint by re-crediting the customer's account within ______ working days from the date of complaint.

Detailed Solution for SBI CBO Mock Test - 2 - Question 42

As per the RBI instructions in case of a failed ATM transaction, the card-issuing bank has been mandated to resolve the customer complaint

SBI CBO Mock Test - 2 - Question 43

SEBI was established in which year?

Detailed Solution for SBI CBO Mock Test - 2 - Question 43

Securities and exchange Board of India (SEBI) was first established in the year 1988 AQF as a non-statutory body for regulating the, securities market. It became an autonomous body by The Government of India on 12 April 1992 and given statutory powers in 1992 with SEBI Act 1992 being passed by the Indian Parliament.

SBI CBO Mock Test - 2 - Question 44

Which of the following co-operative banks is considered as the first Co-operative Bank in India?

Detailed Solution for SBI CBO Mock Test - 2 - Question 44

Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara (formerly Baroda) in Gujarat, is the first co-operative bank in India. The Reserve Bank of India ordered the bank to stop most of its operations under Section 35 of the Banking Regulation Act, on 14 September 2007, and ACBL closed in March 2008. ACBL was established in 1889 under the name Anyonya Sahayakari Mandali Co-operative Bank Limited, with a primary objective of providing an alternative to exploitation by moneylenders for Baroda's residents

SBI CBO Mock Test - 2 - Question 45

The UPI makes use of which of the following technologies?

Detailed Solution for SBI CBO Mock Test - 2 - Question 45
  • UPI was launched by NPCI. It makes use of the Immediate Payment Service (IMPS) platform to transfer money between two bank accounts.
  • In this, the user generates an MMID, or Mobile Money Identifier, which is a seven digit random number issued by the bank upon registration.
  • The payee will need to identify the recipient on the basis of the MMID and the virtual address.
SBI CBO Mock Test - 2 - Question 46

What is the borrowing limit for external commercial borrowing under the automatic route?

Detailed Solution for SBI CBO Mock Test - 2 - Question 46
  • All eligible borrowers can raise up to $750 Million per financial year under the automatic route.
  • External Commercial Borrowings is a loan availed by an Indian entity from a nonresident lender with a minimum average maturity.
  • External commercial borrowings facility can be used by all the entities that can receive Foreign Direct Investment.
  • ECB proceeds cannot be utilised for real estate activities, investment in the capital market, equity investment, working capital purposes repayment of Rupee loans.
SBI CBO Mock Test - 2 - Question 47

Which amongst the following are types of NBFCs as defined by RBI?

Detailed Solution for SBI CBO Mock Test - 2 - Question 47

The types of NBFC’s classified by the reserve bank of India are:
(i) Asset Finance Company (AFC)
(ii) Investment Company (IC)
(iii) Loan Company (LC)
(iv) Infrastructure Finance Company (IFC)
(V) Systemically Important Core Investment Company (CIC-ND-SI)
(vi) Infrastructure Debt Fund: Non- Banking Financial Company (IDF-NBFC)
(vii) Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI)
(viii) Non-Banking Financial Company – Factors (NBFC-Factors)
(ix) Mortgage Guarantee Companies (MGC)
(x) NBFC- Non-Operative Financial Holding Company (NOFHC)

SBI CBO Mock Test - 2 - Question 48

Which among the following defines the model in which the banks sell the insurance products of their partner insurance company?

Detailed Solution for SBI CBO Mock Test - 2 - Question 48
  • Bancassurance means selling insurance products through banks. Banks and insurance companies come up in a partnership wherein the bank sells the tied insurance company's insurance products to its clients.
  • Bancassurance arrangement benefits both the firms. On the one hand, the bank earns fee amount (non-interest income) from the insurance company apart from the interest income whereas, on the other hand, the insurance firm increases its market reach and customers. The bank acts as an intermediary, helping the insurance firm reach its target customer in order to increase its market share.
  • Bancassurance has emerged as a very important route for the distribution of insurance products and services. This partnership of Banking and the Insurance sector, if implemented in a well-planned and structured manner, can be beneficial for all the participants i.e., banks, insurers, and the customers.
  • Types of Bancassurance products:
  • Life insurance facilities:
    • Term insurance plans (with accidental and death claims).
    • Endowment plans
    • ULIPs( Unit Linked Insurance Plans)
  • Non-life Insurance facilities:
    • Health insurance
    • Marine insurance( for cargo shipments)
    • Property insurance( against natural calamities)
    • Key Men insurance (Top executives of companies, partnership firms, etc.) 
SBI CBO Mock Test - 2 - Question 49

Where is the headquarters of Asian Development Bank Located?

Detailed Solution for SBI CBO Mock Test - 2 - Question 49
  • The headquarters of the Asian Development Bank is located in Manila, Philippines.
  • ADB was established in 1966. The bank started its functioning on 1st January 1967.
  • Japan and USA is its major donor. Japan-15.67%, USA-15.567%, China-6.4%, India-5.8%.
  • ADB now has 68 members, of which 49 are from Asia and the Pacific and 19 outside.
  • The main aim of ADB is social development by reducing poverty in Asia Pacific with inclusive growth and regional integration.
  • India started availing ADB’s assistance in 1986. Six sector in India where ADB’s presence- Transport, Energy, Finance and public sector, Water & Transport services, Agriculture & Human Development Index.
SBI CBO Mock Test - 2 - Question 50

What is the current Foreign Direct Investment (FDI) Limit of the insurance sector in India?

Detailed Solution for SBI CBO Mock Test - 2 - Question 50

The Insurance Amendment Bill 2021 was enacted by Parliament, increasing the FDI ceiling in the insurance sector from 49 percent to 74 percent.

SBI CBO Mock Test - 2 - Question 51

Which of the following is the First Indian Commercial bank wholly owned and managed by Indians?

Detailed Solution for SBI CBO Mock Test - 2 - Question 51

The Central Bank of India, founded in 1911, was the first Indian commercial bank to be entirely owned and operated by Indians.

SBI CBO Mock Test - 2 - Question 52

Who served as the first Governor of the Reserve Bank of India (RBI)?

Detailed Solution for SBI CBO Mock Test - 2 - Question 52

Sir Osborne Smith was the first Governor of the Reserve Bank.

SBI CBO Mock Test - 2 - Question 53

When was the Basic Savings Bank Deposit Account (BSBDA) introduced in India replacing No-Frill Accounts?

Detailed Solution for SBI CBO Mock Test - 2 - Question 53

To provide widespread access to banking services, no-frills bank accounts demand a zero or very low minimum balance, as well as additional financial services such as withdrawals, ATM, and Debit card services at no cost. In the year 2012, no-frills bank accounts were called Basic Saving Bank Deposit Accounts.

SBI CBO Mock Test - 2 - Question 54

What are the functions of the Capital Market?

Detailed Solution for SBI CBO Mock Test - 2 - Question 54

Functions of Capital Market:

  1. The Capital Markets help to accelerate the process of economic growth
  2. Facilitates the movement of capital to be used more profitability and productively to boost the national income
  3. Minimization of transaction and information cost
  4. Quick valuations of financial instruments
  5. Encourages a massive range of ownership of productive assets
SBI CBO Mock Test - 2 - Question 55

If an NPA remains for a period less than or equal to 12 months, then it is considered to be ___________.

Detailed Solution for SBI CBO Mock Test - 2 - Question 55

If an NPA remains for a period less than or equal to 12 months is considered to be Sub- Standard Assets.

SBI CBO Mock Test - 2 - Question 56

Which of the following statements holds true about Mutual Funds?

Detailed Solution for SBI CBO Mock Test - 2 - Question 56

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.

SBI CBO Mock Test - 2 - Question 57

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

Detailed Solution for SBI CBO Mock Test - 2 - Question 57

Disadvantages of ATM:

  1. Limitation of Cash Withdrawals
  2. Possibility of Misusing the ATM card if misplaced, lost, or stolen
  3. Hacking is possible
  4. Lack of Personal Service
  5. Banks have limited ATMs in Rural Areas
  6. If you get a problem with your bank card, or forget your pin, you can’t withdraw your money
SBI CBO Mock Test - 2 - Question 58

When was the Pension Fund Regulatory and Development Authority of India (PFRDA) established?

Detailed Solution for SBI CBO Mock Test - 2 - Question 58
  • Pension Fund Regulatory and Development Authority (PFRDA) is a pension regulator of India.
  • It headquartered in New Delhi.
  • It was established by the Government of India on 23rd August 2003
  • Ami is to promote old age income security by establishing, developing and regulating pension funds.
  • It administers and regulates National Pension System (NPS) and also administers Atal Pension Yojana (APY).
  • Recently, in April 2020 amid pandemic, it allowed the NPS subscribers to partially withdraw for covering expenses related to the treatment of COVID-19.
  • Chairperson: Supratim Bandyopadhyay (as of July 2021)
SBI CBO Mock Test - 2 - Question 59

The AMFI is dedicated to expanding the Indian Mutual Fund Industry on professional, healthy, and ethical lines, as well as to improving and maintaining standards in all areas to safeguard and promote mutual funds and their unit holders. What does A represent?

Detailed Solution for SBI CBO Mock Test - 2 - Question 59

The Association of Mutual Funds in India (AMFI) is dedicated to expanding the Indian Mutual Fund Industry on professional, healthy, and ethical lines, as well as to improving and maintaining standards in all areas to safeguard and promote mutual funds and their unit holders.

SBI CBO Mock Test - 2 - Question 60

Which among the following is not a type of the Payment and Settlement System?

Detailed Solution for SBI CBO Mock Test - 2 - Question 60

Payment systems transactions in India would comprise transactions processed and settled through (a) Paper Clearing [Magnetic Ink Character Recognition (MICR), Non-MICR, Cheque Truncation System (CTS), Express Cheque Clearing System (ECCS)]; (b)Bulk electronic transaction processing systems like Electronic Clearing Service (ECS), with its variants Regional ECS and National ECS; National Automated Clearing House (NACH) - Debit and Credit; (c) Card Payments(Debit, Credit, and Electronic); (d) Large Value [Real Time Gross Settlement Payment and Settlement Systems in India (RTGS)]; (e) Retail [National Electronic Funds Transfer (NEFT)]; (f) Fast Payments [Immediate Payment Service (IMPS), Unified Payments Interface(UPI)]; and (g) e-Money [Prepaid Payment Instrument (PPI) Cards and Wallets).

SBI CBO Mock Test - 2 - Question 61

_______ is India's primary regulatory organization in charge of matters relating to policy, planning, and operations in the field of credit for agriculture and other economic activities in rural regions.

Detailed Solution for SBI CBO Mock Test - 2 - Question 61

The National Bank for Agricultural and Rural Development (NABARD) is India's primary regulatory organization in charge of matters relating to policy, planning, and operations in the field of credit for agriculture and other economic activities in rural regions.

SBI CBO Mock Test - 2 - Question 62

Which of the following ATMs are owned and operated by NBFCs?

Detailed Solution for SBI CBO Mock Test - 2 - Question 62
  • Automated teller machines are electronic banking outlets that allow people to complete transactions without the help of a bank representative or teller.
  • ATM transactions can be as simple as a deposit or balance inquiry, or more complex like a balance transfer or bill payment.
  • In order to use an ATM, consumers need to have a debit or credit card, and a personal identification number.
  • There are Different Types of ATM available which are as follows: –​
SBI CBO Mock Test - 2 - Question 63

How many life insurance companies collaborated to form the Life Insurance corporation?

Detailed Solution for SBI CBO Mock Test - 2 - Question 63
  • An Ordinance was issued on 19th January 1956 nationalizing the Life Insurance sector and Life Insurance Corporation (LIC) came into existence in the same year.
  • The LIC absorbed 154 Indian, 16 non-Indian insurers as also 75 provident societies—245 Indian and foreign insurers in all.
  • The LIC had a monopoly till the late 90s when the Insurance sector was reopened to the private sector.
  • Yogakshemam Vahamyaham is the tagline of the Life Insurance Corporation.
  • The headquarters of LIC is in Mumbai.
  • LIC has 2048 fully computerized branch offices.
  • LIC has 113 divisional offices.
  • There are 1381 satellite offices and corporate offices of LIC.
SBI CBO Mock Test - 2 - Question 64

In which year was the ASEAN established ?