SBI CBO Mock Test - 5 - Bank Exams MCQ

In the passage, it has been talked about the bed had iron clamps, but they were screwed to the wall and it would have required a screwdriver to take them off.
i.e. attached bed means jailer and the word Gaoler has the same meaning. 
So the answer is prison.
 

• Modifier error if 'it' is retained as the subject, 'it' cannot be 'looking.' Options 1 and 2 are, hence, eliminated.
• Option 4 unnecessarily uses the continuous tense and has a parallelism error.
• When one looks at the path and the fact are parallel. Hence option 3 is the only correct choice.

• John tells me that he hasn’t done it yet.
• In Indirect Speech → if Reporting Speech → Present Tense
• Then, Reporting Verb (tell) will also be in Present Tense (tells).

Hence, tells is the right usage.

One word substitution is Evacuate.

Evade: escape or avoid (someone or something), especially by guile or trickery.

Evacuate: remove (someone) from a place of danger to a safer place.

Avoid: keep away from or stop oneself from doing (something).

Exterminate: destroy completely.

Use structure “subject + verb 1st form + object +other words ”
As per the given above sentence is given in Active Voice.
People say he is very rich.
 

When the sentence begins with a negative adverbial phrase, the order of the subject and the verb is interchanged and the verb is used in the auxiliary form. 

The instructions were being read out by the invigilator.
In the passive form we always use v3 form and for continuous being is added, hence its 'were being read'

According to the context of the given paragraph it is regarding the fact that the interview went very well but still the person was not selected. The panel members were very happy with all the answers given but they did not select the person ultimately. Among the given options, we can only choose candid to fit in all the three given blanks since all the other words are unfit for all the three blanks at the same time. Candid implies frank and outspoken.

This makes Option A the correct choice among the given options.

This statement is wrong: I could not put up in a hotel

Correct Statement will be: I could not put up at a hotel

• Term insurance is the insurance which is under life insurance.
• Types of insurance as follows:
• Types of Life Insurance 
  • Term Insurance
  • Money-back policy
  • Unit-Linked Insurance Plan
  • Pension Plans
• Types of General Insurance
  • Motor Insurance
  • Home Insurance
  • Health Insurance
  • Fire Insurance

World Bank has headquarters in Washington, D.C., United States

Banks that are classified in Schedule II of the Reserve Bank of India Act, 1934 are referred to as scheduled banks. To qualify as a scheduled bank, the bank's paid-up capital and raised funds must total at least Rs. 5 lakhs. These banks are eligible for low-interest RBI loans.

NABARD was set up with an initial capital of 100 crore. Consequent to the revision in the composition of share capital between Government of India and RBI, the paid up capital as on 31 March 2015, stood at 5000 crore with Government of India holding 4,980 crore (99.60%) and Reserve Bank of India 20.00 crore (0.40%). RBI sold its stake in NABARD to the Government of India, which now holds 99% stake. So, the contribution of Government of India and Reserve Bank of India in the capital of NABARD is in the ratio 99 : 01

• UPI transaction limit is Rs. 1 lakh per transaction. This limit has been set by NPCI, the RBI-regulated entity that built UPI.
• The UPI transaction limit per day has been defined by each bank in the UPI network and varies from bank to bank since NPCI has not issued any regulation for that. For example in SBI UPI transaction limit per day is Rs. 1,00,000, while in Bank of Baroda UPI transaction limit is Rs. 50,000.
• UPI transaction limit can be categorized as
  • UPI transaction amount limits i.e the maximum amount of money that can be transferred via UPI.
  • Frequency i.e number of UPI transactions a person can do in a day.

• NBFCs provide a range of financial services to their clients. Types of services under Non-Banking Financial services include the following : 
  • Hire purchase services
  • Leasing services
  • Housing finance services
  • Asset management services
  • Venture capital services
  • Mutual benefit finance services (Nidhi) banks.
• Since they perform the basic twin functions of attracting deposits from the public and are making loans, NBFCs are essentially banks, however, unlike commercial banks, they are not incorporated as a bank and are not governed by provisions of the Banking Regulation Act, 1949.
• The Reserve Bank of India is responsible for controlling the functioning of NBFCs.
• It is mandatory for an NBFC to get itself registered with the RBI as a deposit-taking company.
• For registration, they need to be a company (incorporated under the Companies Act, 1956) and should have a minimum NOF (Net Owned Fund) of rupees 2 crores.

• Group Insurance Cover: Group Insurance cover is bought by an employer for his employees in which employees and their dependents are covers under a single policy The premium in group insurance is lower than an individual health insurance policy.
• Group insurance plans are usually standardized in nature and offer the same benefits to all employees.
• Co-insurance: Co-insurance is the term used when the insurance is placed simultaneously with more than one insurer, it is called co-insurance. This happens in the case of large businesses, this insurance business is divided with a lead insurer ( insurance company ) who negotiates the terms of the policy and then pass on the respective share of the premium to the other insurers.
• Double insurance: It means the policyholder has double insurance on the same risk and the same interest then it is said to be as double insurance.
• Re-Insurance: It is the type of insurance in which insurer transfers its large portion of the risk to the other insurers so that it can bear the risk in a proportion way.
  Note - General Insurance Corporation (GIC-Re) is the only re-insurer in India, its headquarters is in Mumbai.

The rearrangement of a distressed company's outstanding commitments to its creditors is known as corporate debt restructuring. A corporate debt restructuring aims to restore a company's liquidity so that it can avoid bankruptcy.

The National Bank for Financing Infrastructure and Development (NaBFID) is set up as the principal development financial institution (DFIs) for infrastructure financing. The National Bank for Financing Infrastructure and Development Bill, 2021 was introduced in Lok Sabha on March 22, 2021.

• Whole Life Policy is issued for the entire lifetime of the insured and the claim is payable only after the death of the insured, to the nominee of the policy.
• The endowment policy is limited for a certain period and the sum is payable to the insured at the expiry of such period.
• Unit Linked Insurance Plan is issued for the purpose of both investment and insurance.
• Personal Accident Insurance is issued in order to cover for any loss due to an accident.

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

• Individuals
• Companies
• Foreign governments

The Cooperative Credit Societies Act of 1904 was amended in 1912 to allow non-credit societies to be formed. The Maclagan Committee was formed in 1915 to assess their performance and provide recommendations for improvement.

Following will have an impact on financial inclusion process:

• Jan Dhan-Aadhar-Mobile (JAM) Trinity:
  • The combination of Aadhaar, PMJDY, and a surge in mobile communication has reshaped the way citizens access government services.
  • As per the estimates in March 2020, the total number of beneficiaries under the Jan Dhan scheme has been more than 380 million.
  • By significantly changing the concept of individual identity, Aadhaar has not only brought about a secure and easily verifiable system but also easy to obtain as well to help in the financial inclusion process.
  • The government has also launched many flagship schemes to promote financial inclusion and provide financial security to empower the poor and unbanked in the country.
  • These include the Pradhan Mantri Mudra Yojana, Stand-Up India Scheme, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, and Atal Pension Yojana.
• Expansion of financial services in Rural and Semi-Urban Areas:
  • These include the opening of bank branches in remote areas.
  • Issuing Kisan Credit Cards (KCC)
  • Linkage of self-help groups (SHGs) with banks.
  • Increasing the number of automated teller machines (ATMs)
  • Business correspondents model of Banking, etc.
  • Promotion of Digital Payments:
  • With the strengthening of the Unified Payment Interface (UPI) by NPCI, digital payments have been made secure, compared to the past.
  • The Aadhar-enabled payment system (AEPS) enables an Aadhar enabled bank account (AEBA) to be used at any place and at any time, using micro ATMs.
  • The payment system has been made more accessible due to offline transaction-enabling platforms, like Unstructured Supplementary Service Data (USSD), which makes it possible to use mobile banking services without the internet, even on a basic mobile handset.
• Enhancing Financial Literacy:
  • The Reserve Bank of India has undertaken a project titled "Project Financial Literacy". 
  • The Objective of the project is to disseminate information regarding the central bank and general banking concepts to various target groups, including, school and college-going children, women, rural and urban poor, defense personnel, and senior citizens.

BASIC: Beginner All-Purpose Symbolic Instruction Code.

An application software (app or application for short) is computer software designed to perform a group of coordinated functions, tasks, or activities for the benefit of the user.

PPI (pixels per inch) is the input resolution of an image or photograph, and DPI (dots per inch) is the output resolution of a printer or imagesetter. When an image is reproduced as a true physical object, such as when printed onto paper, the term "DPI" refers to the physical dot density of the image.

The session, presentation, and application layers are user support layers, while physical, data connection, and network layers are network support layers. The data is segmented and re-organized by the transport layer to connect these layers.

The term "malware" refers to a variety of malicious software versions, such as viruses, ransomware, and spyware. Malware, a shorthand for malicious software, is often composed of code created by cyber attackers to seriously harm systems and data or gain unauthorized access to a network.

The Open File Table stores the information about all the files that are open while the OS is running.

Alt + F9 is the shortcut key to display field codes. Ctrl + F9 will minimize the workbook of excel worksheet or windows will be minimised of excel.

Effects tab in the dialog box is used to add a 3-D border, drop shadow and rounded corners to the selected object.