SBI CBO Mock Test - 2 - Bank Exams MCQ

The passage focuses on the early railroads and their link to the American character of the time. Here's a refined explanation:

• Henry Varnum Poor used railroads as a metaphor for American progress, highlighting their speed and power.
• In the 19th century, Americans saw railroads as symbols of national character and progress.
• Railroad promoters likened locomotives to American traits—youth, power, and ambition.
• Despite the excitement, some feared the railroads, viewing them as dangerous and unknown.
• Iron horse metaphors were used to make the technology more relatable and less threatening.
• Ralph Waldo Emerson saw railroads as unifying forces that helped bind the nation together.

• 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.

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.

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

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

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.

The correct answer is C: In my opinion.

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.

• Detailed Explanation:
  • Tense Consistency: Make sure the verb tenses in a sentence match, especially when the main clause is in the past tense.
  • Past Tense: "Didn't like" and "had no choice" were actions or situations in the past.
  • Present Tense Issue: The phrase "has to go out to work" uses a present tense verb "has," which doesn't fit with the past tense used in the rest of the sentence.
  • Correct Past Tense Form: Changing "has" to "had" ensures consistency in the past tense throughout the sentence.
  • Outcome: By making this adjustment, the sentence now maintains a consistent past tense, accurately describing events that happened in the past.

has paid

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.

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.

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)

• 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.) 

• 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.

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

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

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

• 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)

• 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: –​
  

• The Asian South-East Nations Association(ASEAN) is a regional intergovernmental organization comprising 10 Southeast Asian countries, fostering intergovernmental cooperation and promoting economic, educational, political, security, military, and socio-cultural integration between its members and other Asian nations.
• ASEAN is an organization formed by the governments of Malaysia, Indonesia, the Philippines, Thailand, and Singapore in 1967 to promote economic growth, peace, security, social progress, and cultural development in the Southeast Asian region. 
• It was established on 8th August 1967 in Bangkok, Thailand with the signing of the Bangkok Declaration (ASEAN Declaration).
• ASEAN Members
  • Thailand (founding member)
  • The Philippines (founding member)
  • Malaysia (founding member)
  • Singapore (founding member)
  • Indonesia (founding member)
  • Brunei (joined in 1984)
  • Vietnam (joined in 1995)
  • Lao PDR (joined in 1997)
  • Myanmar (joined in 1997)
  • Cambodia (joined in 1999)
• It is headquartered in Jakarta, Indonesia.
• ASIAN MEMBERS
  

Banking Regulation Act gives the Reserve Bank of India (RBI) the power to license banks, have regulation over shareholding and voting rights of shareholders, supervise the appointment of the boards and management, regulate the operations of banks, lay down instructions for audits, control moratorium, mergers and liquidation, issue directives in the interests of public good and on banking policy, and impose penalties.

The need for financial inclusion can be observed in:

• Development – Greater access to financial services = Increase in savings + Decrease in income inequality & poverty + Increase in employment levels
•  Growth – It encourages the habit to save, thus enhancing capital formation in the country and giving it an economic boost. Also, the availability of sufficient and transparent credit from formal banking institutions will promote the entrepreneurial spirit among the people = increase in productivity and prosperity in rural areas.
• Service delivery – Direct cash transfers to beneficiary bank accounts rather than physical cash payments against the subsidy.

A portable computer can be easily carried around in a pocket and operated while you're carrying it. Handheld computers are also known as personal digital assistants (PDAs) or Palmtop computers.

The foundation for successful computer system construction is computer architecture. The user enters coded data into the computer via an input device. It is a tool used to provide the computer with the information it needs, such as a keyboard or mouse.

A cookie, also known as an HTTP cookie, a web cookie, or a browser cookie, is a piece of data stored by a website within a browser, and then subsequently sent back to the same website by the browser. So, it is an internet information file.

The exchange of digital data between two or more reliable computers or data networks, also referred to as data communication or a telecommunication network, enables data transfer between sender and receiver.