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SBI CBO Mock Test - 5 - Bank Exams MCQ


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120 Questions MCQ Test Mock Test Series for SBI CBO Exam 2024 - SBI CBO Mock Test - 5

SBI CBO Mock Test - 5 for Bank Exams 2024 is part of Mock Test Series for SBI CBO Exam 2024 preparation. The SBI CBO Mock Test - 5 questions and answers have been prepared according to the Bank Exams exam syllabus.The SBI CBO Mock Test - 5 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 - 5 below.
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SBI CBO Mock Test - 5 - Question 1

Practice Quiz or MCQ (Multiple Choice Questions) with solutions are available for Practice, which would help you prepare for "Comprehension" under Verbal Aptitude. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations

Q.

 

He saw nothing, he had no knife or sharp instrument, the grating of the window was of iron and he had too often assured himself of its solidity. His furniture consisted of a bed, a chair, a table, a pail, and a jug. The bed had iron clamps, but they were screwed to the wall and it would have required a screwdriver to take them off.

Dantes had but one resource which was to break the jug and with one of the sharp fragments attack the wall. He left the jug fall on the floor and it broke in pieces. He concealed two or three of the sharpest fragments in his bed, leaving the rest on the floor. The breaking of the jug was too natural an accident to excite suspicion, and next morning gaoler went grumblingly to fetch another, without giving himself the trouble to remove the fragments. Dantes heard joyfully the key grate in the lock as guard departed.

Dantes was in

Detailed Solution for SBI CBO Mock Test - 5 - Question 1

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.
 

SBI CBO Mock Test - 5 - Question 2

He saw nothing, he had no knife or sharp instrument, the grating of the window was of iron and he had too often assured himself of its solidity. His furniture consisted of a bed, a chair, a table, a pail, and a jug. The bed had iron clamps, but they were screwed to the wall and it would have required a screwdriver to take them off.

Dantes had but one resource which was to break the jug and with one of the sharp fragments attack the wall. He left the jug fall on the floor and it broke in pieces. He concealed two or three of the sharpest fragments in his bed, leaving the rest on the floor. The breaking of the jug was too natural an accident to excite suspicion, and next morning gaoler went grumblingly to fetch another, without giving himself the trouble to remove the fragments. Dantes heard joyfully the key grate in the lock as guard departed.

The guard left the fragments because he

Detailed Solution for SBI CBO Mock Test - 5 - Question 2

"The breaking of the jug was too natural an accident to excite suspicion, and next morning gaoler went grumblingly to fetch another, without giving himself the trouble to remove the fragments." This line describes that guard was too lazy to bother.

SBI CBO Mock Test - 5 - Question 3

He saw nothing, he had no knife or sharp instrument, the grating of the window was of iron and he had too often assured himself of its solidity. His furniture consisted of a bed, a chair, a table, a pail, and a jug. The bed had iron clamps, but they were screwed to the wall and it would have required a screwdriver to take them off.

Dantes had but one resource which was to break the jug and with one of the sharp fragments attack the wall. He left the jug fall on the floor and it broke in pieces. He concealed two or three of the sharpest fragments in his bed, leaving the rest on the floor. The breaking of the jug was too natural an accident to excite suspicion, and next morning gaoler went grumblingly to fetch another, without giving himself the trouble to remove the fragments. Dantes heard joyfully the key grate in the lock as guard departed.

 

Dantes probably broke the jug

Detailed Solution for SBI CBO Mock Test - 5 - Question 3

“The breaking of the jug was too natural an accident to excite suspicion, and next morning gaoler went grumblingly to fetch another”
This line describes the Dantes probably broke the jug during the night.

SBI CBO Mock Test - 5 - Question 4

He saw nothing, he had no knife or sharp instrument, the grating of the window was of iron and he had too often assured himself of its solidity. His furniture consisted of a bed, a chair, a table, a pail, and a jug. The bed had iron clamps, but they were screwed to the wall and it would have required a screwdriver to take them off.

Dantes had but one resource which was to break the jug and with one of the sharp fragments attack the wall. He left the jug fall on the floor and it broke in pieces. He concealed two or three of the sharpest fragments in his bed, leaving the rest on the floor. The breaking of the jug was too natural an accident to excite suspicion, and next morning gaoler went grumblingly to fetch another, without giving himself the trouble to remove the fragments. Dantes heard joyfully the key grate in the lock as guard departed.

 

Dantes was planning to

Detailed Solution for SBI CBO Mock Test - 5 - Question 4

make his escape

SBI CBO Mock Test - 5 - Question 5

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

Looking at the path of German GDP and the fact that total private sector hours didn't fall by that much, it becomes clear that Germany's unique recession and recovery was about more than just its choice in labour market policies.

Detailed Solution for SBI CBO Mock Test - 5 - Question 5
  • 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.
SBI CBO Mock Test - 5 - Question 6

In wartime there is often a ____________ of food.

Detailed Solution for SBI CBO Mock Test - 5 - Question 6

During war time food will be present but there will be lacking quantity which do not fulfill the necessary food and leads to shortage of food.

SBI CBO Mock Test - 5 - Question 7

They felt safer

P: to watch the mountain
Q: of more than five miles
R: as they settled down
S: from a distance

The Proper sequence should be:

Detailed Solution for SBI CBO Mock Test - 5 - Question 7

The correct order will be:
They felt safer → as they settled down  (R)→ to watch the mountain (P)→ from a distance (S)→ of more than five miles.(Q)

SBI CBO Mock Test - 5 - Question 8

One in three people on our planet have no _________ to modern energy to light and heat the _________ in which they live.

Detailed Solution for SBI CBO Mock Test - 5 - Question 8

Answer Option 4. 'modern energy' controls the first blank in the context, 'in which they love' and 'heat and light' control th next blank, hence dwellings.

SBI CBO Mock Test - 5 - Question 9

They wasted all the money on purchase of some _____ items.        

Detailed Solution for SBI CBO Mock Test - 5 - Question 9

The correct answer is E: trivial.
Here's a detailed explanation:
Definition of the words:
1. Excellent: of extremely high quality or skill; outstanding.
2. Important: of great significance or value; crucial.
3. Significant: sufficiently great or important to be worthy of attention; noteworthy.
4. Quality: the standard of something as measured against other things of a similar kind; the degree of excellence of something.
5. Trivial: of little value or importance; insignificant.
Explanation:
The sentence states that all the money was wasted on the purchase of certain items. To determine the correct word, we need to identify the word that indicates the items purchased were of little value or importance. Let's analyze the options:
A. Excellent: This word indicates that the items purchased were of extremely high quality and outstanding. It does not align with the idea of wasting money.
B. Important: This word suggests that the purchased items were of great significance or value. It does not convey the sense of wastage.
C. Significant: This word implies that the purchased items were noteworthy or important. It does not convey the sense of wastage.
D. Quality: This word refers to the standard or degree of excellence of the purchased items. It does not indicate wastage.
E. Trivial: This word means of little value or importance and aligns perfectly with the idea of wasting money on insignificant items. Therefore, E is the correct answer.
To conclude, the correct word to fill in the blank is "trivial" as it accurately reflects the wastage of money on items of little value or importance.
SBI CBO Mock Test - 5 - Question 10

John had told me that he hasn't done it yet.

Detailed Solution for SBI CBO Mock Test - 5 - Question 10
  • 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.

SBI CBO Mock Test - 5 - Question 11

"What would the cavalry (doing) out here?" 

Detailed Solution for SBI CBO Mock Test - 5 - Question 11

For an interrogative sentence with “would”, the subject is followed by be + present participle of the verb. Therefore “doing” is replaced by “be doing". 

SBI CBO Mock Test - 5 - Question 12

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

Q. Leave or remove from a place considered dangerous.

Detailed Solution for SBI CBO Mock Test - 5 - Question 12

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.

SBI CBO Mock Test - 5 - Question 13

He is said to be very rich.

Detailed Solution for SBI CBO Mock Test - 5 - Question 13

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.
 

SBI CBO Mock Test - 5 - Question 14

Directions: Every sentence is divided into four sections (1, 2, 3). There is some error in one of these sections. Read the sentence carefully and mark the incorrect section. However, if you feel the sentence contains no error, mark part '4'.

Although he was late (1)/ but he stopped on the way(2)/ to have coffee with his friends. (3) / No error. (4)

Detailed Solution for SBI CBO Mock Test - 5 - Question 14

but he stopped on the way is the mistake. 

The conjunction has been wrongly used. Although is always followed by yet and never by but. The conjunction 'Although ------ yet' is used to express two contrary qualities or actions of a person. 

The correct sentence will be: Although he was late, yet he stopped on the way to have coffee with his friends.

SBI CBO Mock Test - 5 - Question 15

In spite of his __________ Stevie Wonder became a top singer.

Detailed Solution for SBI CBO Mock Test - 5 - Question 15

Disability is the answer to the question. It is because a person became a top singer because of his hard works and talent.

SBI CBO Mock Test - 5 - Question 16

People

P: at his dispensary
Q: went to him
R: of all professions
S: for medicine and treatment

The Proper sequence should be:

Detailed Solution for SBI CBO Mock Test - 5 - Question 16

The correct order will be:
People → of all professions (R)→ went to him (Q)→ for medicine and treatment (S)→ at his dispensary.(P)

SBI CBO Mock Test - 5 - Question 17

Long stretches of _________rule, with its emphasis on command and control, has left policymaking in Pakistan highly_________

Detailed Solution for SBI CBO Mock Test - 5 - Question 17

Answer Option 5. 'with its emphasis on command and control' determines the first word—hence military, totalitarian are likely answers. Vulnerable will not fit in the next blank (vulnerable to what?), centralised gives a coherent sentence. Military rule has left the policy making centralised.

SBI CBO Mock Test - 5 - Question 18

When he found the wallet his face glowed but soon it faded as the wallet was _____ .        

Detailed Solution for SBI CBO Mock Test - 5 - Question 18

When he found the wallet, the person's face initially showed excitement and happiness, as indicated by the word "glowed." However, this feeling soon faded as the person discovered something about the wallet. Let's analyze the given options to determine what could have caused the person's disappointment:
A: Empty: This option seems plausible because an empty wallet would not contain any money or valuable items, causing the person's excitement to fade.
B: Vacant: "Vacant" means empty or unoccupied, similar to option A. It also implies that the wallet does not contain anything of value.
C: Recovered: The word "recovered" implies that the wallet was lost or missing and has been found again. This option does not fit the context of the sentence because the person's face glowing initially suggests they were happy to find the wallet, rather than relieved or surprised by its recovery.
D: Stolen: The word "stolen" means that something has been taken unlawfully. This option does not fit the context because the person found the wallet, indicating that it was not stolen.
E: Expensive: While finding an expensive wallet might cause excitement, the fading of the person's face suggests a negative revelation. Therefore, this option does not fit the context.
Based on the analysis, option A, empty, is the most suitable answer. The person's initial excitement faded because the wallet was found to be empty, disappointing them.
SBI CBO Mock Test - 5 - Question 19

InstructionsIn questions (Q1-10) given below, a part of the sentence is italicised and underlined. Below are given alternatives to the italicised part which may improve the sentence. Choose the correct alternative. In case no improvement is needed, option 'D' is the answer.

The workers are hell bent at getting what is due to them.

Detailed Solution for SBI CBO Mock Test - 5 - Question 19

The workers are hell bent upon getting what is due to them.

SBI CBO Mock Test - 5 - Question 20

"(No sooner the advertisement regarding the launch of new smart phone appeared) than there was a rush on the online website for prebooking the same."

Detailed Solution for SBI CBO Mock Test - 5 - Question 20

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

SBI CBO Mock Test - 5 - Question 21

A prima facie case is such

Detailed Solution for SBI CBO Mock Test - 5 - Question 21

A prima facie case is the establishment of a legally required rebuttable presumption. A prima facie case is a cause of action or defense that is sufficiently established by a party's evidence to justify a verdict in his or her favor, provided such evidence is not rebutted by the other party.

SBI CBO Mock Test - 5 - Question 22

The invigilator was reading out the instructions.

Detailed Solution for SBI CBO Mock Test - 5 - Question 22

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'

SBI CBO Mock Test - 5 - Question 23

Direction: In each of the questions given below, a paragraph is given which has some blanks and those blanks have to be filled with the same word out of five words given below it. You have to choose that same word as your answer and fill up the blanks with that appropriate word.

Nobody knew that such an ____________ situation would arrive at the venue full with guests and celebrities. Everybody was giving ____________ smile without understanding what to do next. The ____________ situation was tackled very well by the hosts and the anchors present there without compromising much.

Detailed Solution for SBI CBO Mock Test - 5 - Question 23

The given paragraph is regarding the situation in the event where many celebrities and guests were present. The hosts and the anchors handled the situation quite well since they did not let everything go out of control in this case.

Among the given words, we see that the word awkward can fit in all the three blanks since it gives the correct implication meant here. Coming to the other words, none of them will fit in all the blanks at the same time.

This makes Option B the correct choice among the given options

SBI CBO Mock Test - 5 - 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 'D'. (Ignore the errors of punctuation, if any).

Detailed Solution for SBI CBO Mock Test - 5 - Question 24

The moment the house

SBI CBO Mock Test - 5 - Question 25

Direction: In each of the questions given below, a paragraph is given which has some blanks and those blanks have to be filled with the same word out of five words given below it. You have to choose that same word as your answer and fill up the blanks with that appropriate word.

We had a very ____________ chat during the whole interview process but I fail to understand why they have not selected me. The panel members were very ____________ in pointing out the fact that I would fit in their scheme of things perfectly. They even appreciated my ____________ responses to all their questions.

Detailed Solution for SBI CBO Mock Test - 5 - Question 25

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.

SBI CBO Mock Test - 5 - Question 26

Directions(Q1-Q30): Read 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).

Q. We discussed about the problem so thoroughly / on the eve of the examination / that I found it very easy to work it out / No error.

Detailed Solution for SBI CBO Mock Test - 5 - Question 26

This statement is wrong: We discussed about the problem so thoroughly

Correct Statement will be: We discussed the problem so thoroughly.

SBI CBO Mock Test - 5 - Question 27

Direction: In each of the questions given below, a paragraph is given which has some blanks and those blanks have to be filled with the same word out of five words given below it. You have to choose that same word as your answer and fill up the blanks with that appropriate word.

There is no ____________ that can stop a winner since the will to win is more important than anything. Any ____________ coming in between you and your destination can be used as an experience. This experience will give you mental strength to face any such ____________ in the future.

Detailed Solution for SBI CBO Mock Test - 5 - Question 27

According to the given context of the paragraph it is regarding the fact that a winner can triumph over anything. Nothing can come in between a winner and his destination. Any hurdle coming in between can be used as a stepping stone for the future. In the future it gives additional mental strength to face similar situations. Now coming to the given options, it can be said that only adversity will fit in all the blanks since it refers to hurdles and obstacles. Abash refers to disconcert whereas axiom refers to any adage or truism. Bewitching means something very alluring.

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

SBI CBO Mock Test - 5 - Question 28

An Indian ship / laden with merchandise / got drowned in the Pacific Ocean / No error.

Detailed Solution for SBI CBO Mock Test - 5 - Question 28

This statement is wrong: Got drowned in the Pacific Ocean

Correct Statement will be: Sank in the Pacific Ocean.

SBI CBO Mock Test - 5 - Question 29

Direction: In each of the questions given below, a paragraph is given which has some blanks and those blanks have to be filled with the same word out of five words given below it. You have to choose that same word as your answer and fill up the blanks with that appropriate word.

There is no point in harboring any kind of ____________ against anybody for a long point of time. The ____________ that you are holding against a person is actually holding you back. You need to understand that in order to be happy you should let certain things go and a long-pending ____________ is one of them.

Detailed Solution for SBI CBO Mock Test - 5 - Question 29

According to the given context of the paragraph it is regarding the fact that it is not worthwhile to hold resentment against somebody since that affects the health of a person actually. In the long run it is necessary that you do not hold things in the mind since it actually hampers the mentality of a person. The mental health of the person actually gets affected due to this. Among the given options, we can see that only grudge can be used in this context. That means resentment or anger against somebody. Coming to the other words, gratitude refers to being grateful for something whereas hapless refers to clueless regarding something. Glut refers to an excessively abundant supply of something.

This makes Option C the correct choice among the given options

SBI CBO Mock Test - 5 - Question 30

I could not put up in a hotel / because the boarding and lodging charges / were exorbitant / No errors.

Detailed Solution for SBI CBO Mock Test - 5 - Question 30

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

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

SBI CBO Mock Test - 5 - Question 31

Which Organisation promotes housing for all and stabilizes the market for Housing finance to serve the housing needs of all segments with a special focus on affordable housing segments for lower and middle-class people?

Detailed Solution for SBI CBO Mock Test - 5 - Question 31

National Housing Bank promotes housing for all and stabilizes the market for Housing finance to serve the housing needs of all segments with a special focus on affordable housing segments for lower and middle-class people.

SBI CBO Mock Test - 5 - Question 32

Consider the following statements regarding Non-Banking Financial Companies.

  1. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
  2. NBFCs cannot accept demand deposits.
  3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.

Which of the above statements is/are correct?

Detailed Solution for SBI CBO Mock Test - 5 - Question 32
  • 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.
SBI CBO Mock Test - 5 - Question 33

Which of the following insurance type is under life insurance?

Detailed Solution for SBI CBO Mock Test - 5 - Question 33
  • 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
SBI CBO Mock Test - 5 - Question 34

Where is the headquarters of the World Bank located?

Detailed Solution for SBI CBO Mock Test - 5 - Question 34

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

SBI CBO Mock Test - 5 - Question 35

_________ involves establishing a direct business interest in a foreign country, such as buying or establishing a manufacturing business, building warehouses, or buying buildings.

Detailed Solution for SBI CBO Mock Test - 5 - Question 35

Foreign Direct Investment involves establishing a direct business interest in a foreign country, such as buying or establishing a manufacturing business, building warehouses, or buying buildings.

SBI CBO Mock Test - 5 - Question 36

What is the minimum paid-up capital a bank must have to be eligible for inclusion in the Reserve Bank of India Act, 1934's Second Schedule to attain Scheduled Banks’ status?

Detailed Solution for SBI CBO Mock Test - 5 - Question 36

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.

SBI CBO Mock Test - 5 - Question 37

At present (2015), the contribution of Government of India and Reserve Bank of India in the capital of NABARD is in the ratio

Detailed Solution for SBI CBO Mock Test - 5 - Question 37

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

SBI CBO Mock Test - 5 - Question 38

As part of the Financial Inclusion the following acts as an alternative to the Branch Banking.

Detailed Solution for SBI CBO Mock Test - 5 - Question 38

Mobile Banking: It refers to the use of a mobile device to carry out financial transactions anywhere.

  • ​This service is provided by majorly all financial institutions, especially banks.
  • Mobile banking enables customers to carry out various transactions, which may vary depending upon institutions.
  • Mobile banking service can be categorized into, account information, transaction, investment, support service, content, and news.
  • It can be done either through the internet or SMS.
  • In 2002 mobile banking was started in India by a way through SMS.
SBI CBO Mock Test - 5 - Question 39

Which among the following is defined as an Initial Public Offering?

Detailed Solution for SBI CBO Mock Test - 5 - Question 39
  • IPO stands for Initial Public Offering.
  • The Initial Public Offering IPO Process is where a previously unlisted company sells new or existing securities and offers them to the public for the first time.
  • Initial public offering is the process by which a private company can go public by sale of its stocks to the general public.
  • It could be a new, young company or an old company which decides to be listed on an exchange and hence goes public.
  • Companies can raise equity capital with the help of an IPO by issuing new shares to the public or the existing shareholders can sell their shares to the public without raising any fresh capital.
  • A company offering its shares to the public is not obliged to repay the capital to public investors.
  • The company which offers its shares, known as an 'issuer', does so with the help of investment banks.
  • After IPO, the company's shares are traded in an open market.
  • Those shares can be further sold by investors through secondary market trading.
SBI CBO Mock Test - 5 - Question 40

Which committee was formed to look into the NPA (Non-Performing Assets) and recommended the Inter creditor agreement ?

Detailed Solution for SBI CBO Mock Test - 5 - Question 40
  • Sunil Mehta, a non-executive chairman of Punjab National Bank , was the head of Sashakt Committee.
  • The government had constituted a committee led by Sunil Mehta to resolve the issue of  NPAs.
  • Sunil Mehta said the new RBI direction making the Inter-Creditor Agreement (ICA) framework mandatory is a move in the right direction for resolution of non-performing assets (NPAs or bad loans).
  • Sashakt panel has recommended that bad loans of up to Rs 50 crore will be managed at the bank level, with a deadline of 90 days.
  • For bad loans of Rs 50-500 crore, banks will enter into an ICA, authorising the lead bank to implement a resolution plan in 180 days or refer the case to the National Company Law Tribunal (NCLT). 
  • The Sashkat ICA can be modified to incorporate the requirements of the new framework and serve as the Master Inter-Creditor Agreement for resolution of all stressed asset under BLRA (Bank Led Resolution Approach). 
SBI CBO Mock Test - 5 - Question 41

Liquid funds are the funds that invest in securities with a maturity period of upto ______________ days.

Detailed Solution for SBI CBO Mock Test - 5 - Question 41
  • Liquid funds are a type of mutual fund that invests in securities with a residual maturity of up to 91 days.
  • Investment is not tied up for a long time as liquid funds do not have a lock-in period.
  • Return on investment in the liquid funds depends on the market performance.
  • Mutual funds are governed by the Securities and Exchange Board of India (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.
  • Madhabi Puri Buch is the current chairman of SEBI.(March 2022)
SBI CBO Mock Test - 5 - Question 42

ATMs use security features like fingerprint scanners and eye scanners for the customer to access their bank details. Such ATM is called as _____________.

Detailed Solution for SBI CBO Mock Test - 5 - Question 42

Biometric ATMs are self-service cash machines that identify users and allow them to withdraw cash using security features like fingerprint scanners and eye scanners for the customer to access the bank details.

SBI CBO Mock Test - 5 - Question 43

Which body is responsible to regulate, promote and ensure orderly growth of the insurance industry in India?

Detailed Solution for SBI CBO Mock Test - 5 - Question 43
  • 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.
SBI CBO Mock Test - 5 - Question 44

Consider the following statements

  1. Priority sector lending target of Urban Cooperative Banks(UCBs) is at par with the target applicable to commercial banks.
  2. There are penal provisions for UCBs for non-attainment of targets to priority sector and weaker sections.
  3. There are incentives for UCBs if they achieve priority sector lending targets.

Which of the above statements is/are correct?

Detailed Solution for SBI CBO Mock Test - 5 - Question 44
  • Priority Sector Lending target for UCBs is at par with the target applicable to commercial banks.
  • The banks have to lend at least 40% of the total credit to the priority sector and weaker section.
  • There are no penal provisions for non-attainment targets to priority sector and weaker sections by the UCBs
  • There are indirect incentives for UCBs such as
    • Branch expansion,
    • Expansion of the area of operation
    • Attainment of scheduled status.
SBI CBO Mock Test - 5 - Question 45

At present the UPI transfer limit per UPI transaction is ________?

Detailed Solution for SBI CBO Mock Test - 5 - Question 45
  • 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.
SBI CBO Mock Test - 5 - Question 46

With reference to the External debt of India at present, which of the following statements is/are correct?

  1. Share of short-term debt is less than the long term debt in the total debt.
  2. India‘s external debt, grew significantly in recent times.
  3. Reserves to external debt ratio, has increased. 
  4. India's external debt is majorly from External Commercial Borrowings (ECB).

Select the correct answer using the code given below.

Detailed Solution for SBI CBO Mock Test - 5 - Question 46
  • External debt is the portion of a country's debt that is borrowed from foreign lenders, including commercial banks, governments, or international financial institutions. 
  • India‘s external debt continues to be sustainable and prudently managed, the COVID-19 pandemic notwithstanding.
    • As of end-March 2021, it stood at US$ 570.0 billion growing by a modest 2.1 per cent over the level a year ago. Hence, statement 2 is incorrect.
  • External debt as a ratio to GDP marginally rose to 21.1 per cent from 20.6 per cent as at end-March 2020.
    • ECBs were the largest component of external debt, followed by NRI deposits, trade credit (import financing). Hence, statement 4 is correct.
  • Reserves to external debt ratio, however, increased to 101.2 per cent from 85.6 per cent during the same period. Hence, statement 3 is correct. 
    • Thereby consolidating India‘s position as a net creditor to the world.
  • The sovereign debt at US$ 107.2 billion rose higher by 6.2 per cent over its level a year ago, mainly because of an increase in external assistance more than compensating the fall in FPI investment in G-Sec.
    • The augmented external assistance reflected larger disbursement of COVID-19 loans from multilateral agencies during 2020-21.
    • The non-sovereign debt, on the other hand, grew 1.2 per cent.
  • The long-term debt constituted 82.3 per cent of the total, while the rest of 17.7 per cent was short-term in maturity. Hence, statement 1 is correct
SBI CBO Mock Test - 5 - Question 47

Which of the following is considered as a Non-Banking Financial Company (NBFC)?

Detailed Solution for SBI CBO Mock Test - 5 - Question 47
  • 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.
SBI CBO Mock Test - 5 - Question 48

The insurance in which the number of employees and their dependents are insured under a single policy is known as _______.

Detailed Solution for SBI CBO Mock Test - 5 - Question 48
  • 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.
SBI CBO Mock Test - 5 - Question 49

Where are the headquarters of the OECD is located?

Detailed Solution for SBI CBO Mock Test - 5 - Question 49
  • OECD is the acronym of Organisation for Economic Co-operation and Development.
  • OECD is an international organisation that works to build better policies for better lives.
  • OECD is an intergovernmental economic organisation with 38 member countries.
  • It was founded in 1961 to stimulate economic progress and world trade.
  • The headquarters of the OECD is located in Paris in France.
  • India is not a member of OECD but a key economic partner.
  • Colombia in 2020 and Costa Rica in 2021 were the most recent countries to join the OECD.
SBI CBO Mock Test - 5 - Question 50

_______________ refers to investing in the financial assets of a foreign country, such as stocks or bonds available on an exchange.

Detailed Solution for SBI CBO Mock Test - 5 - Question 50

Foreign Portfolio Investment refers to investing in the financial assets of a foreign country, such as stocks or bonds available on an exchange.

SBI CBO Mock Test - 5 - Question 51

What is the authorized capital of Regional Rural Banks?

Detailed Solution for SBI CBO Mock Test - 5 - Question 51

The authorized capital of RRBs – Rs. 5 crores

SBI CBO Mock Test - 5 - Question 52

RBI has five wholly-owned subsidiaries. Which of the following is not a subsidiary of RBI?

Detailed Solution for SBI CBO Mock Test - 5 - Question 52

Subsidiaries of RBI:

  • Deposit Insurance and Credit Guarantee Corporation of India (DICGC)
  • Bharatiya Reserve Bank Note Mudran Pvt. Ltd (BRBNMPL)
  • Reserve Bank Information Technology Pvt. Ltd (ReBIT)
  • Indian Financial Technology and Allied Services (IFTAS)
  • Reserve Bank Innovation Hub (RBIH)
SBI CBO Mock Test - 5 - Question 53

_____________ are retail agents engaged by banks for providing banking services at locations other than a bank branch introduced in 2006.

Detailed Solution for SBI CBO Mock Test - 5 - Question 53

Business correspondents are retail agents engaged by banks for providing banking services at locations other than a bank branch.

SBI CBO Mock Test - 5 - Question 54

Which of the following is the purpose of the Money Market?

Detailed Solution for SBI CBO Mock Test - 5 - Question 54

Purpose of Money Market:

  1. Maintains high Liquidity in Market
  2. Provides Funds for short term
  3. No fixed geographical Location
  4. Utilisation of Surplus Funds
  5. Helps in Monetary Policy
SBI CBO Mock Test - 5 - Question 55

The rearrangement of a distressed company's outstanding commitments to its creditors aims to restore a company's liquidity so that it can avoid bankruptcy is called ________________.

Detailed Solution for SBI CBO Mock Test - 5 - Question 55

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.

SBI CBO Mock Test - 5 - Question 56

In the equity linked savings scheme what is the minimum lock-in period?

Detailed Solution for SBI CBO Mock Test - 5 - Question 56
  • Equity funds are the type of mutual funds that invest investors money in the stock market.
  • Large-cap mutual funds - In large-cap funds, a large portion of the investment is done in companies with large market capitalization. Large-cap are big, well-established companies in the equity market. These companies are strong, reputable, and trustworthy. Large-cap companies generally are the top 100 companies in a market.
    • ​Large-cap funds have lower growth potential and give investors lower returns on investment as compared to mid and small-cap funds.
    • Such companies have capital worth 20,000 crores or more.
  • Mid-cap mutual funds - In mid-cap funds, a large portion of the investment is done in companies with medium market capitalization.
    • It has better growth potential and gives investors higher returns on investment as compared to large-cap funds.
  • Small-cap mutual funds - In small-cap funds, a large portion of the investment is done in companies with small market capitalization i.e. having a market cap of less than INR 500 crore.
    • It has exponential growth potential and gives investors high returns on investment.
  • Equity-linked saving scheme(ELSS) - These funds provide tax savings to the investors and hence most popular among them.  But these funds have a lock-in period of 3 years.
    • Investors cannot redeem their money before the maturity date. 
    • It also provides an opportunity for long term capital appreciation.
SBI CBO Mock Test - 5 - Question 57

Which bank has introduced the first Micro ATM across India?

Detailed Solution for SBI CBO Mock Test - 5 - Question 57

Private lender Kotak Mahindra Bank Ltd launched the Micro ATMs across India to provide vital financial services to a bigger segment of the population living in relatively remote places.

SBI CBO Mock Test - 5 - Question 58

Consider the following statements regarding the term lending financial institutions:

  1. Such institutions extending long-term finance to different industrial sectors.
  2. IFCI Ltd., IDBI, IDFC Ltd., IIBI Ltd. comes under the term-lending institutions in India.
  3. SBI and PNB are not term-lending institutions in India.

Which of the following statement(s) is/are true?

Detailed Solution for SBI CBO Mock Test - 5 - Question 58

Based on the major activity undertaken by them, Financial Institutions (FIs) get classified into three broad categories:

  • Term-lending institutions, whose main activity is direct lending by way of term loans and investments. IFCI Ltd., IDBI, IDFC Ltd., IIBI Ltd. comes under the term-lending institutions in India.
  • Refinance institutions, such as the National Bank for Agriculture and Rural Development (NABARD), Small Industries Development Bank of India (SIDBI) and National Housing Bank (NHB), which mainly extend refinance to banks as well as non-banking financial institutions and;
  • Investment institutions such as Life Insurance Corporation (LIC), which deploy their assets largely in marketable securities.
  • SBI and PNB are also term-lending institutions in India.
SBI CBO Mock Test - 5 - Question 59

The difference between the money generated from selling products to other countries and the money spent on buying goods and services from other countries is known as CAD. What does D represent in CAD?

Detailed Solution for SBI CBO Mock Test - 5 - Question 59

The difference between the money generated from selling products to other countries and the money spent on buying goods and services from other countries is known as the current account deficit (CAD).

SBI CBO Mock Test - 5 - Question 60

What are the reasons to name Credit and Debit Cards Plastic Money?

Detailed Solution for SBI CBO Mock Test - 5 - Question 60

Cards are increasingly being used in place of actual cash. Plastic money refers to these cards. Debit and credit cards represent plastic money. Plastic money has made it easier for us to carry out transactions in our daily lives.

SBI CBO Mock Test - 5 - Question 61

____________  is set up as the principal development financial institution (DFIs) for infrastructure financing.

Detailed Solution for SBI CBO Mock Test - 5 - Question 61

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.

SBI CBO Mock Test - 5 - Question 62

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

Detailed Solution for SBI CBO Mock Test - 5 - Question 62

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

SBI CBO Mock Test - 5 - Question 63

Which among the following is a life insurance policy in which the amount is payable only at the death of the policy holder?

Detailed Solution for SBI CBO Mock Test - 5 - Question 63
  • 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.
SBI CBO Mock Test - 5 - Question 64

Where are the IMF headquarters located?

Detailed Solution for SBI CBO Mock Test - 5 - Question 64

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 - 5 - Question 65

Who among the following can make Foreign Portfolio Investments?

Detailed Solution for SBI CBO Mock Test - 5 - Question 65

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 - 5 - Question 66

When was the Cooperative Credit Societies Act of 1904 amended to allow non-credit societies to be formed under the Mc Lagan Committee to access their performance?

Detailed Solution for SBI CBO Mock Test - 5 - Question 66

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.

SBI CBO Mock Test - 5 - Question 67

Whenever RBl does some open market operation transactions, its main motive is to regulate

Detailed Solution for SBI CBO Mock Test - 5 - Question 67

Open market operations (OMO) refer to a central bank's buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system. Securities' purchases inject money into the banking system and stimulate growth, while sales of securities do the opposite and contract the economy.

SBI CBO Mock Test - 5 - Question 68

Which of the following will help in financial inclusion?

  1. JAM trinity
  2. Promotion of digital payments
  3. Enhancing Financial literacy
  4. Expansion of financial services in Rural and Semi-Urban Areas
Detailed Solution for SBI CBO Mock Test - 5 - Question 68

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.
SBI CBO Mock Test - 5 - Question 69

Which of the following is the oldest stock exchange in Asia?

Detailed Solution for SBI CBO Mock Test - 5 - Question 69

SBI CBO Mock Test - 5 - Question 70

What does M stands for in SMA with respect to NPA?

Detailed Solution for SBI CBO Mock Test - 5 - Question 70
  • SMA stands for Special Mention Accounts.
  • SMA is an account that is exhibiting signs of borrower defaulting of her debt obligations before being identified as NPA.
  • SMA is subcategorized as:
    • SMA 0 - 1 to 30 days.
    • SMA 1 - 31 to 60 days.
    • SMA 2 - 61 to 90 days.
  • NPA (Non-Performing Asset): An asset when it ceases to generate income for the bank and becomes overdue for more than 90 days.
SBI CBO Mock Test - 5 - Question 71

Where is India's largest landfill gas-tocompressed biogas plant located?

Detailed Solution for SBI CBO Mock Test - 5 - Question 71

Telangana's capital city Hyderabad is now home to India's largest landfill gas-to-compressed biogas plant as Ramky Enviro has inaugurated the facility at the Hyderabad Integrated Municipal Solid Waste site.
The project converts landfill gas into compressed biogas& offers significant benefits such as carbon sequestration, reduced emissions of GHGs into the environment.
The successful transformation of one of the largest municipal waste dumpsites in India to a significant source of sustainable energy and green auto fuel, is a great example of circular economy innovation at scale, one that is unprecedented globally.Ramky Enviro Engineers Ltd (REEL) provides comprehensive environment management services. REEL offers environmental services and infrastructure solutions under various categories such as waste management, waste to energy, recycling and environment solutions such as remediation.It manages approximately six million tonnes per annum of municipal solid waste in 21 cities spread across India and over one million tonnes per annum of industrial hazardous waste.

SBI CBO Mock Test - 5 - Question 72

"Shuttler's Flick: Making every match count" is the autobiography of

Detailed Solution for SBI CBO Mock Test - 5 - Question 72

India's chief national badminton coach P. Gopi Chand formally launched his autobiography Shuttler's Flick: Making every match count, co-authored by Priya Kumar.

SBI CBO Mock Test - 5 - Question 73

PM Narendra Modi launched RBI Retail Direct Scheme recently. The scheme allows individual retail investors direct access to buy and sell ______