SBI CBO Mock Test - 9 - Bank Exams MCQ

In the passage, the author discusses the different factors that influence obedience, including the presence or absence of compulsion. The phrase "absence of compulsion" refers to a situation where obedience is not compelled by fear or the threat of force or punishment. Instead, it is colored by a cooperative mood, and individuals willingly give obedience to their superiors. This is supported by the statement in the passage that "to the degree that an absence of compulsion is present, obedience is colored by a cooperative mood." Therefore, option 2) is the correct answer.

The given sentence states that the speaker has always admired someone's knowledge and scholarship. We need to find the word that best describes the person's knowledge and scholarship. Let's analyze the options:
A. highest: This word indicates that the person's knowledge and scholarship are the most superior. However, the sentence does not provide any context to suggest that the person's knowledge is the highest.
B. flexible: This word means adaptable or versatile, which is not relevant to describing someone's knowledge and scholarship.
C. provocative: This word means stimulating or thought-provoking, but it does not accurately describe knowledge and scholarship.
D. elemental: This word refers to something fundamental or basic, but it does not capture the depth and expertise implied by the sentence.
E. profound: This word means deep or extensive, and it accurately describes someone's knowledge and scholarship.
Therefore, the correct answer is E. profound, as it best captures the admiration for the person's knowledge and scholarship.

The expression more than one + noun, though plural in sense, is followed by a singular verb.

Perpetrate (Verb) : to commit a crime or do something wrong or evil
penetrate (Verb) : to go into/through something
perpetuate (Verb) : to make something such as a bad situation, a belief, etc. continue for a long time
⇒ This system perpetuated itself for several centuries.
precipitate (Verb) : to make something, especially something bad, happen suddenly or sooner than it should
⇒ His resignation precipitated a leadership crisis
Here, perpetrate is the right usage.

And here, the right answer is option 

 ( b) . 

He admired the speed with which he completed the work and appreciated the method adopted by him.

To find the correct answer, we need to determine the word that best fits the context of the sentence, which is related to students utilizing their leisure time for the reconstruction of rural India. Let's analyze each option:
A. ridiculed: This means to mock or make fun of someone or something. It doesn't fit the context of the sentence, as it doesn't convey the idea of encouraging or motivating students.
B. acclaimed: This means to praise or approve something. In the context of the sentence, if students are being acclaimed, it implies that they are being recognized and praised for their efforts in the reconstruction of rural India. This option aligns well with the idea of utilizing leisure time fully.
C. projected: This means to present or estimate something based on current trends or data. It doesn't fit the context of the sentence, as it doesn't convey the idea of encouraging students to use their leisure time.
D. exhorted: This means to strongly encourage or urge someone to do something. In the context of the sentence, if students are being exhorted, it implies that they are being strongly encouraged to make use of their leisure time in the reconstruction of rural India. This option aligns well with the idea of utilizing leisure time fully.
E. dedicated: This means to be devoted or committed to a particular task or purpose. While dedication is important, the sentence is focused on encouraging students to take action during their leisure time rather than emphasizing their commitment.
Based on the analysis, the correct answer is B: acclaimed, as it conveys the idea of recognition and praise for students utilizing their leisure time in the reconstruction of rural India.

Let’s examine the sentence: “Five years ago on this date, I am sitting in a small Japanese car, driving across Poland towards Berlin.” The sentence mentions an event that happened five years ago. Hence, it would use the verbs of past tense. So, the verbs “am sitting” would become “was sitting” to correct the sentence. Hence, Option A is the correct answer.
 

Given: He was a rich man and therefore I was surprised to see him in _______ clothes.

To find: The missing word that completes the sentence.

Options:

1. Tattered




2. Splendid




3. Foreign




4. Damp




5. Local

Explanation:

The sentence states that the man is rich, which implies that he would typically wear expensive or high-quality clothes. The speaker is surprised to see him in a certain type of clothes. We need to determine the appropriate adjective that describes the condition of the clothes.

The correct answer is option A: Tattered.

Here's why:

• Tattered: This adjective means torn, ragged, or in a state of disrepair. It indicates that the clothes are old, worn-out, and in poor condition.




• Splendid: This adjective means magnificent, excellent, or impressive. It is the opposite of what we would expect to see based on the context.




• Foreign: This adjective refers to something from another country or culture. It does not provide information about the condition of the clothes.




• Damp: This adjective means slightly wet or moist. It does not provide information about the condition of the clothes.




• Local: This adjective refers to something from or related to a particular area or locality. It does not provide information about the condition of the clothes.

Therefore, the most appropriate word to complete the sentence is "tattered."

But with increasing competition, customers began.

So option A is correct

This statement is wrong: To defend the hardly-won

Correct Statement will be: To defend the hard-won.

The sentence says that the “brightest” talents are already employed in the business verticals of the social sector banks. Therefore, the first blank refers to the remaining less ‘capable’ employees. In the context of the sentence, the words which are suitable for the first blank are “skilled”, “competent” and “experienced”. Hence options C and E are eliminated.

The word “inspection” and the second blank are joined by “and” and describe the “roles” of the staff. The only word that makes the sentence meaningfully correct is “supervision”. The words “future" and “futile” are irrelevant to the context of this sentence. This eliminates options A and D as well.

Option B is hence the correct answer.

This statement is wrong: If a man diligently seeks to come into the contact

Correct Statement will be: If a man diligently seeks to come into contact.

As part of the prompt corrective action (PCA) framework, the Reserve Bank has defined regulatory trigger points in terms of three parameters: capital to risk-weighted assets ratio (CRAR), net non-performing assets (NPA), and Return on Assets (RoA).

Advantages of ATM:

1. Offer Financial Inclusion
2. Offers a wide range of services
3. Hard cash anywhere at anytime
4. Continue to operate when businesses close due to natural disasters, health crises, or economic depression
5. Round the clock services
6. Access to banks from any part of the world

CCEA- Cabinet Committee on Economic Affairs.

• Term insurance ​a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years.
• Term insurance is a type of life insurance policy that provides coverage for a specified period or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active, or in force, a death benefit will be paid in future.
• After the time interval due to the catastrophe and natural disaster, a fixed amount is paid by the insurance company to the insured, which is called the catastrophe reinsurance.
• It is a form of reinsurance which condemns the seeding company for the accumulation of losses in excess of the stipulated amount arising from a single catastrophe event or series of events.
• Facultative reinsurance is coverage purchased by a primary insurer to cover a single risk or a block of risks held in the primary insurer's book of business. Facultative reinsurance is one of the two types of reinsurance, with the other type being treaty reinsurance.
• Excess of loss reinsurance is a kind of reinsurance in which the reinsurer indemnifies the ceding company for losses that exceed a specified limit. Excess of loss reinsurance is a form of non-proportional reinsurance for the help of insured person.

The Indian government has raised the FDI ceiling in the defense sector to 74 percent through the Automatic Route for companies seeking new defense industrial licenses, and to 100 percent through the Government Route wherever it is expected to result in access to current technology.

The Narasimham II Commission has been tasked with reviewing the progress of the implementation of banking reforms since 1992 to further strengthen Indian financial institutions.

Gross Non-Performing Assets (NPAs) of banks are expected to rise to 8-9% this fiscal from 7.5% as on March 31, 2021, but they would still remain below the peak of 11.2% seen at the end of fiscal 2018.

Important points about DICGC:

• DICGC stands for Deposit Insurance and Credit Guarantee Corporation
• All deposits in commercial and cooperative banks, both domestic and international are insured by DICGC except for deposits by government both domestic and foreign
• Primary cooperative societies are not insured by the DICGC.
• DICGC insures maximum of Rupees One Lakh for each depositor which includes both principal and interest

• UPI or Unified Payments Interface is an immediate real-time payment system that helps in instantly transferring the funds between the two bank accounts through a mobile platform.
• This idea was launched by the National Payments Corporation of India on 11th April, 2016.
• Some of the interesting features of UPI are as follows:
• Instant transfer of fund through Immediate Payment Service (IMPS) which is faster than NEFT.
  • Since it is completely digital, one can use UPI 24 hours and on all public holidays.
  • Single mobile application for accessing various bank accounts. 
  • Uses Virtual Payment Address which is a unique ID as given by the bank.
  • Uses Account Number with IFS Code and Mobile Number with MMID or Mobile Money Identifier. 
  • MPIN or Mobile Banking Personal Identification number is required to confirm each payment. 
  • Also available on USSD service where users can use the service just by dialing *99# and choose the services like fund transfer, send money, request money, non-financial services, balance Enquiry, change MPIN etc. (Service charge of Rs. 0.50 is applicable)
  • Every bank provides its own UPI for different platforms of Android, Windows, and IOS. The banks may or may not charge for the UPI service.
  • Bill Sharing facility.
  • Best for doing merchant payment, utility bill payments, in-app payments, OTC payments, Barcode based payments. 
  • One can file a complaint from Mobile App directly.

• The Reserve Bank of India (RBI) has introduced the prompt corrective action (PCA) framework for non-banking financial companies (NBFCs).
• The new NBFC framework will be applicable to all deposit-taking NBFCs in the middle, upper and top layers.
• The PCA framework for NBFCs will come into effect from October 1, 2022, based on the financial position of NBFCs on or after March 31, 2022.

• 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.

In the field of credit rating, the credit conversion factor (CCF) is a coefficient. It's the proportion of a loan's additional amount used in the future compared to the amount that could be claimed.

The brand under the new entity - Bharat BillPay - offers various recurring payment services to customers, including bill payments for electricity, telecom, DTH, Gas, Education fees, water, and municipal taxes, NETC FASTag recharge, Loan repayments, Insurance, Cable, Housing Society, Subscription Fees, Hospital, Credit card, Clubs and association, etc.

Digital computers operate on discrete electrical pulses while analogue computers operate on continuous electrical pulses.

Data Link layer of OSI model divides the stream of bits received from the network layer into data frames.

The instruction cycle, commonly referred to as the machine cycle, describes the series of actions that occur when an instruction is read from memory and carried out.

The internet and glue sticks were both invented in 1969.