SBI CBO Mock Test - 3 - Bank Exams MCQ

The author would most likely disagree with statement A. The passage criticises the media for damaging policy discussions through leaks, implying that feeding the public misinformation is not justified.

Key points from the passage include:

• The media's distrust of the government hinders effective policy-making.
• Leaks prevent serious discussions by making officials hesitant to speak freely.
• The media, like any institution, must earn public trust and be accountable.

Thus, supporting misinformation contradicts the author's emphasis on accountability and trust.

The author argues that leaks result in limited and unreliable policy discussions with foreign leaders. This implies certain ideas:

• Foreign leaders may fear that their discussions will not remain private, leading to less open dialogue.
• The presence of media leaks creates a cautious environment, inhibiting the free exchange of ideas.
• Trust is crucial, and the fear of leaks undermines this trust, affecting international relations and policy-making.

Ultimately, the author suggests that the fear of public reaction to the real state of affairs leads to restricted communication.

Based on the passage, the public's perception of the media has evolved. Here’s a refined explanation:

• The media was once viewed as more credible than the government.
• Over time, the media's reputation has declined due to scandals.
• The public now sees the media with similar skepticism as other large institutions.
• As a result, people assume that the media may be wrong when they challenge public officials.

This reflects a shift in public opinion, where neither the media nor the government is fully trusted.

 Everyone complimented her for her good work.
The appropriate preposition should have been ‘on’ and not ‘for’. And so, the correct sentence should be:
Everyone complimented her on her good work.
Sometimes prepositions may be used in a sentence though they are not needed, so this is another kind of incorrect sentence that the examinee should be able to identify.

The correct answer is Option C. 

Fill someone in (on someone or something).
To tell someone the details about someone or something.
Example: 
(i) Please fill me in on what happened last night.
(ii) Please fill in the committee on the details.

The correct order will be:
Since the beginning of history → the Eskimos and Red Indians (Q)→ have managed to catch (P)→ a few specimens of this aquatic animal (S)→ by a very difficult method. (R)

If 'past experiences allow new memories to bloom/ the past experiences must essentially recede or go into the background, hence fading in the first blank.

For the comparison of fading memories (past experiences) to be consistent, it must refer to something that is going away—hence dying in the next blank.

Vocabulary:

Newfangled means: a new kind or fashion: newfangled ideas; fond of or given to novelty. Exfoliate means: to throw off scales or flakes; peel off in thin fragments: The bark of some trees exfoliates.

To determine the correct answer, let's analyze the sentence:
"After Sheetu ...... the magazines and novels, she decided to go out and meet some friends."
The sentence indicates that Sheetu completed the action of reading magazines and novels before deciding to go out and meet her friends. Therefore, we need to use the past perfect tense to indicate the completion of the action before another past action.
Let's evaluate each option:
A: "read" - This is the simple past tense, indicating a past action. However, it does not convey that the action was completed before the decision to go out and meet friends. Incorrect.
B: "had been reading" - This is the past perfect continuous tense, indicating an ongoing action that started before another past action. However, it does not convey that the action was completed before the decision to go out and meet friends. Incorrect.
C: "had read" - This is the correct answer. The past perfect tense "had read" indicates that the action of reading magazines and novels was completed before the decision to go out and meet friends. Correct.
D: "will have read" - This is the future perfect tense, indicating an action that will be completed before a future time. It does not fit the context of the sentence. Incorrect.
E: "reading" - This is the present participle form, indicating an ongoing action in the present. It does not fit the context of the sentence. Incorrect.
Therefore, the correct answer is C: "had read."

Adding a feather in one’s cap means making a significant achievement. So option E is correct.

“Tea is grown in Darjeeling” is the passive voice for the sentence “Darjeeling grows tea”.  

In the active voice the subject will be in the beginning of the sentence and the object will be in the end. The verb will change accordingly. In the ‘passive voice’ the object will be in the beginning and the subject will be at the end. The verb will change accordingly. 

The deficiency may make one susceptible to heart disease and immunity may be affected adversely' hence predispose (make one susceptible) one to heart disease, and lowered immunity logically complete the sentence.

The sentence is in past progressive passive form and hence being is used with the past participle.

I would have contacted you

Cover does not fit in contextually in the first blank as it does not render meaning to the sentence. The sentence talks about Supreme Court's order relating to area used by elephants. Hence, option A is eliminated.

Block does not fit in contextually in the first blank as it does not render meaning to the sentence. Block cannot be coupled with Close in the sentence. Hence, option C is eliminated.

Aid and Support carry positive meaning and they cannot be used with Close. Hence, option D and E are eliminated.

Hence, option B is the answer.

Dealt and coloured do not make sense in the first blank and are incorrect. Thus, options B and D can be eliminated.

Out of options A and C, A is the only option where both words fit both the blanks respectively.

Hence, option C is correct.

There are five development finance institutions regulated by the Reserve Bank of India.

• NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below:
• NBFC cannot accept demand deposits; (The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and a maximum period of 60 months. They cannot accept deposits repayable on demand.) Hence, statement 2 is correct.
• NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself. Hence, statement 1 is correct.
• The deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks. Hence, statement 3 is correct.

Features of ATM:

1. Transfer of Funds
2. Balance Enquiry
3. Easy Cash Withdrawal
4. Unlock or Change Pin
5. Cash Deposit

• The Insurance Regulatory and Development Authority of India (IRDAI) is a regulatory body under the jurisdiction of the Ministry of Finance, Government of India.
• It is tasked with regulating and licensing the insurance and re-insurance industries in India.
• It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India.

EARLY INSURERS

• In 1972 with the passing of the General Insurance Business (Nationalisation) Act, general insurance business was nationalized with effect from 1st January 1973. 107 insurers were amalgamated and grouped into four companies, namely National Insurance Company Ltd., the New India Assurance Company Ltd., the Oriental Insurance Company Ltd, and the United India Insurance Company Ltd. The General Insurance Corporation of India was incorporated as a company in 1971 and it commenced business on January 1sst 1973. This millennium has seen insurance come a full circle in a journey extending to nearly 200 years.
• The process of re-opening of the sector had begun in the early 1990s and the last decade and more has seen it been opened up substantially. 

MALHOTRA COMMITTEE

• In 1993, the Government set up a committee under the chairmanship of RN Malhotra, former Governor of RBI, to propose recommendations for reforms in the insurance sector. The objective was to complement the reforms initiated in the financial sector. 
• The committee submitted its report in 1994 wherein, among other things, it recommended that the private sector be permitted to enter the insurance industry. They stated that foreign companies be allowed to enter by floating Indian companies, preferably a joint venture with Indian partners.

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

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)

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

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.

• 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.

Mail Merge is a system used for automatically generating pre-addressed forms, letters, envelopes or labels by combining a database and addresses with a document in MS-Word.

System unit, Primary storage, and Secondary storage are the three basic categories of physical equipment in Microcomputer Hardware.

A set of principles and methods that specify the functioning, organization, and implementation of computer systems is known as computer architecture. A system’s architecture refers to its structure in terms of the system’s individually specified components and their interrelationships.

Authorization is a security mechanism used to determine user/client privileges or access levels related to system resources, including computer programs, files, services, data, and application features.