SBI CBO Mock Test - 7 - Bank Exams MCQ

Mapping the Passage
¶1 argues that the universe had a beginning in time.
¶2 provides specific dates to put the universe‘s age in context.
¶3 describes the Big Bang and its relevance to the idea of an expanding universe.
¶4 argues that the expanding universe has significant implications for cultural ideas of time and argues that science intersects with philosophy in this area.
¶5 provides a metaphor that elucidates the nature of the universe‘s expansion.

Review the gist of the passage and keep the author‘s main points in mind while evaluating the choices. Three of the choices match points the author makes, but (B) directly contradicts the time frames mentioned in ¶2, which indicate that the solar system is much younger than the universe itself. Note that your research for question 4 helps you here.

• "a unique" is correct, not "an unique" because "unique" begins with a consonant sound ("you").
• "exquisitely unique" is incorrect -"unique" already implies something is one-of-a-kind, so intensifying it with "exquisitely" is redundant and stylistically awkward.
• The correct contrast is between "the religious" (used as a noun) and "the secular" ,this is a standard idiomatic and grammatically correct form.
• "religions and secularism" or "unique religions" are awkward and change the meaning.

Thus, the correct and well-structured sentence is:Festival with a unique blend of the religious and the secular.

One word substitution is Cynic.
Egoist: a self-centered or selfish person
Fatalist: one who accepts all things and events as inevitable.
Stoic: a person who can endure pain or hardship without showing their feelings or complaining.
Cynic: a person who believes that people are motivated purely by self-interest rather than acting for honourable or unselfish reasons.

Bill has been absent for 3 weeks so he'll have to CATCH UP ON his work.

There is no error in the sentence.

One word substitution is Versatile.

Versatile: able to adapt or be adapted to many different functions or activities.
Nubile: sexually mature; old enough for marriage.
Exceptional: unusually good; outstanding.
Gifted: having exceptional talent or natural ability.
 

This statement is wrong: I have got

Correct Statement will be:  I got

According to the given context we are talking about the fact that water table in the place has decreased and that is obviously a cause of concern for the government but it is also a point that it should not deter the farmers from using the solar pumps in the region. Among the given words we can only use the word reason to imply the intended meaning of the sentence. Other words do not fit in the blank.

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

There is no error in the sentence.

Mutual fund:

• A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.
• The combined holdings of the mutual fund are known as its portfolio. 
• Mutual funds are regulated investment products offered to the public and available for daily trading. Mutual fund companies rely on economies of scale to generate profits.
•  Mutual fund fees generally fall into two big buckets:
  • Annual fund operating expenses: Ongoing fees toward the cost of paying managers, accountants, legal fees, marketing, and the like.
  • Shareholder fees: Sales commissions and other one-time costs when you buy or sell mutual fund shares.

Hedge Funds:

• Hedge funds are private investments that are only available to accredited investors.
• Hedge funds are known for using higher risk investing strategies with the goal of achieving higher returns for their investors. 
• Hedge funds are rarely accessible to the majority of investors; instead, hedge funds are geared toward accredited investors, as they need less SEC regulation than other funds.
• An accredited investor is a person or a business entity who is allowed to deal in securities that may not be registered with financial authorities
• Hedge funds are also notoriously less regulated than mutual funds and other investment vehicles.

Therefore, option 2 is NOT a correct statement.

To assist conserve plastic waste and reducing overall carbon emissions, HSBC India has launched India’s first credit card made from recycled PVC plastic.

• The history of the stock market in India goes back to the end of the eighteenth century when long-term negotiable securities were first issued.
• In 1850 the Companies Act was introduced for the first time bringing with it the feature of limited liability and generating investor interest in corporate securities.
• The first stock exchange in India was set-up in 1875 as The Native Share and Stock Brokers Association in Bombay. Today it is known as the Bombay Stock Exchange (BSE).
• This was followed by the development of exchanges in Ahmedabad (1894), Calcutta(1908) and Madras(1937).
• Until the early 1990s, the Indian secondary market comprised regional stock exchanges with BSE heading the list.
• After the reforms of 1991, the Indian secondary market acquired a three tier form. This consists of: Regional Stock Exchanges, National Stock Exchange (NSE), Over the Counter Exchange of India (OTCEI) 

Equity funds - Equity funds are the type of mutual funds that invests investors money in the stock market. These are categorized as - 

• 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.

Debt Funds- These are relatively safer investments and are suitable for Income Generation.

• The investment in Fixed Income Securities, like Government Securities or Bonds, Commercial Papers and Debentures, Bank Certificates of Deposits, and Money Market instruments like Treasury Bills, Commercial Paper, etc comes under the category of debt funds.

Hybrid funds- These funds invest in both Equities and debt funds, thus offering the best in Growth Potential as well as Income Generation.

• Examples of these types of funds are Pension Plans, Child Plans, and Monthly Income Plans, etc.

SIDBI majorly follows 4 major objectives which are Development, Promotion, Coordination and Financing. Some of its key functions include:

1. SIDBI offers financial support to MSMEs, Small Scale Industries (SSIs), and other service sectors
2. It provides funding via banks, NBFCs, SFCs, and other financial institutions
3. SIDBI aims to create equilibrium in the financial sector by strengthening credit flows and promoting skill development.

The minimum maturity period in respect of external commercial borrowing (ECB) should be 3 years or 5 years, according to the amount.

The main function of IMF is to help solve balance-of-payments problem of member countries

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a National Mission for Financial Inclusion that was launched on August 28, 2014, to ensure inexpensive access to financial services such as basic savings and deposit accounts, remittance, credit, insurance, and pension.

Bonds are financial instruments in which an investor lends money to a corporation or government for a specific length of time in exchange for regular interest payments.

A Development Financial Institution (DFI)

• It is defined as “an institution endorsed or supported by the Government of India primarily to provide development/Project finance to one or more sectors or sub-sectors of the economy.
• India’s first DFI was operationalized in 1948 and it set up State Financial Corporations (SFCs) at the state level after passing of the SFCs Act, 1951, succeeded by the development of the Industrial Finance Corporation of India (IFCI).
• DFIs can be classified into four categories of institutions as per their functions:
  • National Development Banks e.g. IDBI, SIDBI, ICICI, IFCI, IRBI, IDFC
  • Sector-specific financial institutions e.g. TFCI, EXIM Bank, NABARD, HDFC, NHB
  • Investment Institutions e.g. LIC, GIC, and UTI
  • State-level Institutions e.g. State Finance corporations and SIDCs
  • Specialized development financial institutions (DFIs), such as Industrial Finance Corporation of India (IFCI), Industrial Development Bank of India (IDBI), National Bank for Agriculture and Rural Development (NABARD), National Housing Board (NHB) and Small Industry Development Bank of India (SIDBI), with majority ownership of the RBI were launched to meet the long-term financing needs of industry and agriculture in India for driving growth in our economy post-independence.

Though, RBI does not engage in direct financing. There is no specific use of the term 'DFI' in either the RBI Act, 1934 or the Companies Act, 1956 or various statutes establishing DFIs.
Hence, Option 4 is the correct answer.

The Basel Committee on Banking Supervision (BCBS) is the major international standard-setter for bank prudential regulation and serves as a venue for frequent cooperation on banking supervisory issues.

There are three types of computer-based work. They are analog, digital, and hybrid computers.

PC keyboards have 12 function keys, F1 through F12. Many Apple desktop computer keyboards with a number pad have 19 function keys, F1 through F19.

CPU is considered the brain of the computer. CPU performs all types of data processing operations. It stores data,intermediate results, and instructions (program). It controls the operation of all parts of the computer.

To delete an embedded object, first select the object by clicking it and then press delete key to remove/delete it.

A network printer is a printer that may be used by numerous computers because it is connected to a computer network.

A DOS or disk operating system is an operating system that runs from a disk drive.

Format command is used to divide the blank sector surface into a different partition. It also assigns a unique address to each partition that is divided. The format is the external command because it is not commonly used.