IRDAI Assistant Manager Mock Test - 2 - Insurance Exams MCQ

U was seated on one of the edges and two people were seated between U and S.
W was seated at the corner and to the immediate left of U.
Case 1:

Case 2:

R was seated third to the left of X and both were seated on different edges but no one of them was seated in the same edge as the edge in which U was seated.

Case 1a:

Case 1b:

Case 2:

T was seated second to the left of Q and third to the right of O. O was not seated adjacent to U or W. Neither Y nor Q is adjacent to R.

So case 2 is invalid.

Case 1a:

Case 1b:

One of the persons seated was Y. P was not seated adjacent to O or at any corner. Z was seated to the immediate left of V.
So case 1a is invalid.
Finally we have:

X was seated second to the left of Y.

Five persons sit between O and J, who sits at one of the ends of the row.

W sits third to the left of O and second to the right of H.

Both H and O faces the south direction.

Seven persons sit between W and K, who does not sit adjacent to J.

Thus, Case 1 gets cancelled.

N sits third to the right of K and both of them face same direction.

The number of persons sitting to the right of N is the same as the number of persons sitting to the left of X, who faces the south.

Four persons sit between M and R, who sits adjacent to K.

W sits immediate left of S and immediate right of I, who faces the same direction as X.

L sits fourth to the left of P, who sits adjacent to R and facing south direction.

Now remaining is Z.

Half persons i.e seven persons are facing north direction and half are facing south direction.

Thus, now the remaining persons are facing north.

This is the final arrangement.

Except P all other persons are facing North direction.

The decoded form for the given relation is -

A & B - A ≤ B

A # B - A ≥ B

A @ B - A = B

A $ B - A < B

A * B - A > B

Only I and III are true. Hence, 'e' is the correct option.

Here, we have -

U$Y&P - U<Y≤P

P*K@O - P>K=O

O#W@X - O≥W=X

Combining we get,

U<Y≤P>K=O≥W=X.

Conclusions:

I. P*X - P>X (True, as P>K=O≥W=X)

II. W$Y - W<Y (False, as Y≤P>K=O≥W)

III. K#X - K≥X (True, as K=O≥W=X)

The decoded form for the given relation is -

A & B - A ≤ B

A # B - A ≥ B

A @ B - A = B

A $ B - A < B

A * B - A > B

Both I and II are false, but P≥V is true. Therefore, either I or II is true. Hence, 'c' is the correct option.

Here we have,

W&P#V@U - W≤P≥V=U

S*Q$P - S>Q<P

Conclusions:

I. P*U - P>U (False, as P≥V=U)

II. P@U - P=U (False, as P≥V=U)

III. W$S - W<S (False, as W≤P>Q<S)

Eight boxes i.e., P, Q, R, S, T, U, V and W are kept one above the other in a stack for billing in a shopping mall. They all had tags of different brands, namely Zara, Biba, Levis, Nike, Only and H&M. The two boxes didn't have a tag of any brand. The box placed at the topmost position of the stack is numbered 8 and the box placed at the bottommost position of the stack is numbered 1.

Four boxes are placed between P and the box with the Biba tag.
At most two boxes are placed below P.

R, with Zara Tag, is placed at the bottommost position of the stack.
So, Case 3 will be invalid.

All the boxes placed at the even position have the tag.
V, with Levis tag, is placed immediately above T, with Only tag.
Three boxes are placed between W and the box with the H&M tag.
One box is placed between the box with the H&M tag and the box with the Biba tag.
So, Case 2 will be invalid.

Neither U nor Q has a Biba tag.
U does not have the H&M tag.
Remaining, S has Biba tag and W has Nike tag.

Finally, we get,

W, the box placed immediately below P, has NIKE tag.

Eight boxes i.e., P, Q, R, S, T, U, V and W are kept one above the other in a stack for billing in a shopping mall. They all had tags of different brands, namely Zara, Biba, Levis, Nike, Only and H&M. The two boxes didn't have a tag of any brand. The box placed at the topmost position of the stack is numbered 8 and the box placed at the bottommost position of the stack is numbered 1.

Four boxes are placed between P and the box with the Biba tag.

At most two boxes are placed below P.

R, with Zara Tag, is placed at the bottommost position of the stack.

So, Case 3 will be invalid.

All the boxes placed at the even position have the tag.

V, with Levis tag, is placed immediately above T, with Only tag.

Three boxes are placed between W and the box with the H&M tag.

One box is placed between the box with the H&M tag and the box with the Biba tag.

So, Case 2 will be invalid.

Neither U nor Q has a Biba tag.

U does not have the H&M tag.

Remaining, S has Biba tag and W has Nike tag.

Finally, we get,

More than four boxes are placed between S and the box with Nike tag.

• D was inaugurated immediately after H.

• Three hospitals were inaugurated between H and G. H was inaugurated before G

• Only 1 hospital was inaugurated between F and G. F was inaugurated before G

• Number of hospitals inaugurated after F was equal to the number of hospitals inaugurated before A. Thus, case 3 is invalid.

• E was inaugurated immediately before B. B was not inaugurated the last. Thus, cases 1 and 2 become invalid.

E was inaugurated the first

· A certain number of people are sitting in a linear row facing north.

· Neenu sits second from the right end of the row.

· Neenu sits sixth to the right of Kapil.

· One person sits between Geeta and Kapil.

· So, there are two cases possible i.e. Case 1 and Case 2.

· Geeta sits third from one of the extreme ends of the row.

· Kapil sits third to the left of Shaveta.

· Six people are sitting between Shaveta and Ankita.

· So, Case 1 will be invalid.

Finally, we get,

Twelve people are sitting in the row.

The sentence discusses a global phenomenon where the gender gap issue is gaining attention. "Faded into obscurity" means becoming unknown or forgotten. This contradicts the intended meaning of the sentence: while the issue of the gender gap in diagnosis, treatment, and research is gaining global attention (through narratives and studies), there's a lack of similar awareness and research on this topic in the Indian context.

• Of the given options, only "come to the fore" means coming into prominence or public attention.
• "Taken a backseat" implies the issue has become less important, which isn't the case.
• "Climbed the social ladder" focuses on social status rather than gaining awareness.
• "Come to terms with" implies accepting a situation, not gaining prominence.
• "No correction required" is incorrect because "faded into obscurity" isn't the intended meaning.

Therefore, option (b) "come to the fore" is the grammatically and contextually correct replacement for the highlighted phrase.

When a verb follows the helping verb "is", it should be in its third form (in the case of passive voice). So, "expect" should be replaced with "expected".

The correct sentence is: It is expected that the state government's new policy will strike a fair balance between the competing objectives of revenue generation on the one hand, and the imperatives of urban heritage conservation and environmental sustainability on the other.

Hence, the correct answer is option (b) as the error lies in part A of the sentence.

Note: Active and Passive Voice: When the person doing the action is the subject, the sentence is said to be in active form/voice. When the subject is what the action is directed at, then the sentence is said to be in passive form/voice. For example: Active Voice: Rita and her friends performed a skit. Here 'Rita and her friends' (subject) perform the action. Passive Voice: A skit was performed by Rita and her friends. Here 'skit' is the subject (at which the action is directed).

In the original phrase, the term "supporting" doesn't appropriately convey the intended meaning of describing the situation. It lacks clarity and directness in conveying the negative outlook implied by the report. A more suitable phrase would be one that directly expresses the negative situation without ambiguity.

Let's analyse each option in the context of the given sentence:

Option (a) brightens the prospects - This option suggests a positive outcome or improvement. However, the context of the sentence indicates a negative outlook, so this option doesn't align with the context.

Option (b) paints a grim picture - This option accurately conveys the negative or bleak situation described in the original phrase. It implies that the report presents a pessimistic view of youth employment in India, which is consistent with the context provided in the sentence.

Option (c) painting a grim picture - This is grammatically incorrect in this context because it lacks the presence of the helping verb to support the main verb 'painting'.

Option (e) Depicts an optimistic forecast - This option presents a completely opposite meaning to what is expressed in the sentence. It suggests that the report presents a positive or hopeful outlook regarding youth employment, which contradicts the idea conveyed. Therefore, this option is not suitable contextually.

Hence, the correct answer is option (b).

Statement I is correct. Refer to the last two sentences of the first paragraph of the passage: "A severe drop in consumer spending was believed to be the primary reason behind many major recessions of the past. Hence, policymakers have often discouraged savings."

Statement II is correct. Refer to the following sentences from the first paragraph of the passage: "..the idea of "derived demand," which states that demand for labour and other factors of production comes from consumer demand for final goods and services, and has been widely used by Keynesian economists to argue that consumer spending is the driving force behind economic activity. According to this logic, saving would cause a drop in consumer demand and in turn affect demand for the factors of production that go into the making of final goods and services." So, the idea of 'derived demand' states that consumer spending generates demand for factors of production; thus, policymakers want people to save less and spend more.

Statement III is incorrect as it has not been mentioned in the passage.

Hence, the answer is option e).

Refer to the following sentence from the second paragraph of the passage: "...Mill's second proposition on capital states that capital is formed as a result of the investment of savings." The other options are incorrect as they are not related to Mill's second proposition.

Hence, the answer is option b).

The errors are in parts B and D.

The verb should always agree with the first subject when 'with', 'along with', 'as well as' etc is used in the sentence.

'Are' in the first part of the sentence should be replaced by 'is' because the first subject here is a singular (the professor). Also, 'is' in the second part of the sentence should be replaced by 'are' because the first subject here is a plural (the students).

The correct sentence is: The professor, as well as his other colleagues, is in the conference hall, however, the students along with their class representative are outside.

Hence, (b) is the correct answer.

The sentence intends to convey that the entrepreneurs have the mind sets to devise ideas that may seem insane or genius. In the highlighted part of the sentence 'to' is an infinitive marker. So, we should use a base verb followed by it. 'Came' is the past tense of the verb 'come'. Therefore, the highlighted part is incorrect. 'Straddle' is a verb meaning to sit or stand with one of your legs on either side of someone or something.

I: 'To come with' means to exist or develop as a result of something. So, it is also incorrect as the base of form of verb is required here. So, phrase I is incorrect.

II: Phrase II is grammatically and contextually correct. 'To' is an infinitive marker, and 'create' is a base verb. So, phrase II is correct.

III: Phrase III lacks a preposition which required to connect a link with the latter part the sentence. Therefore, phrase III is incorrect.

Hence, option (b) is the correct answer.

NOTE/-

Infinitive: The infinitive is the base form of a verb, often preceded by to. Consider the sentences given below: · To err is human. [like a noun, the infinitive 'to err' is the subject of the verb 'is'] · My father likes to cook. [like a noun, the infinitive 'to cook' is the object of the verb 'likes'] · To vote in elections is our right. [the infinitive 'to vote', like a noun, is the subject of the verb 'is', but, like a verb, it also takes an object (elections)] · Radha went to the lake to fetch water. [the infinitive 'to fetch', like a noun, is the object of the verb 'went', but, like a verb, it also takes an object (water)] · The above sentences illustrate various ways in which infinitives are used. It can both act as a noun and a verb.

The sentence talks about the imposition of a penalty. The blank requires a noun (person) to denote the subject of the sentence. Option (A), 'Admiral' is a noun that denotes 'the most senior commander of a fleet or navy' and option (C) 'jurisdiction' means 'the extent of the power to make legal decisions and judgements'. These two nouns cannot impose the fine as mentioned in the sentence and so they both get negated. Option (B) 'magistrate' is a noun that denotes 'a civil officer who administers the law, especially one who conducts a court that deals with minor offences and holds preliminary hearings for more serious ones'. This person is eligible to impose such fines, mentioned in the sentence and thus it is the correct option to fit in the blank.

Hence, the correct answer is option (e).

Union Minister for Education Shri Dharmendra Pradhan released the India Rankings 2024, which implements the National Institutional Ranking Framework (NIRF) drafted for this purpose by the Ministry of Education in 2015. Secretary, Higher Education, Shri K. Sanjay Murthy; UGC, Prof. M Jagadesh Kumar; Chairman, AICTE, Prof. T.G. Sitharam; Chairman, NETF, Prof. Anil Sahasrabuddhe; Member Secretary, NBA, Dr. Anil Kumar Nassa, Additional Secretary, Department of Higher Education, Shri Sunil Kumar Barnwal; Joint Secretary, Shri Govind Jaiswal; Chairman, and other academicians, heads of the institutions, etc. were present on this occasion. Indian Institute of Technology Madras retains its 1st position in Overall Category for the sixth consecutive year, i.e. 2019 to 2024 and in Engineering for 9th consecutive year, , i.e. from 2016 to 2024. Top 100 in Overall category consists of 23 state public universities, 22 private deemed universities, 16 IITs, 9 NITs, 7 each central universities 7 private universities, 4 each AIIMS, IISERs, and Govt. deemed universities, 3 Other CFTIs, and 1 college. Indian Institute of Science, Bengaluru tops the Universities Category for the ninth consecutive year, i.e. from 2016 to 2024. It stood first in the Research Institutions Category for the fourth consecutive year, i.e. from 2021 to 2024. IIM Ahmedabad tops in Management subjects retaining its first position for the fifth consecutive year, i.e. from 2020 to 2024. It was ranked amongst the top two in Management subject of the India Rankings from 2016 to 2019. All India Institute of Medical Sciences (AIIMS), New Delhi occupies the top slot in Medical for the seventh consecutive year, i.e. from 2018 to 2024. Moreover, AIIMS is ranked at the 7th position in the Overall category. It was ranked at 6th position in the Overall category in 2023. Jamia Hamdard, New Delhi tops the ranking in Pharmacy this year. Jamia Hamdard was ranked at 1st position for four consecutive years, i.e., from 2019 to 2022. It was ranked at 2nd position in Pharmacy in 2018 and 2023. Hindu College secured the 1st position amongst Colleges for the first time replacing Miranda House which retained its 1st position for seven consecutive years, i.e. from 2017 to 2023. Hindu College was ranked at 2nd position in 2019, 2022, and 2023, and at 3rd and 4th positions in 2020 and 2018 respectively. IIT Roorkee retained its 1st position in Architecture and Planning for the fourth consecutive year, from 2021 to 2024. IIT Roorkee was ranked in 2nd position from 2018 to 2020. National Law School of India University, Bengaluru retains its first position in Law for the seventh consecutive. Colleges in Delhi maintained their dominance in rank year, i.e. from 2018 to 2024.

State Bank of India (SBI) has launched 'MSME -Sahaj', a web-based digital business loans solution for MSMEs' (micro, small and medium enterprises) invoice financing. With the new web-based solution, the Bank's customers can avail finance against their Goods and Service Tax (GST) registered sales invoices of up to Rs. 1 lakh in less than 15 minutes. The purpose of the product is to provide 'on tap' short-term credit for working capital needs to MSME units who are part of the GST regime.

Defence Research & Development Organisation (DRDO) successfully flight-tested Phase-II Ballistic Missile Defence System on July 24, 2024. The Target Missile was launched from LC-IV Dhamra at 1620 hrs mimicking adversary Ballistic Missile, which was detected by weapon system radars deployed on land and sea and activated the AD Interceptor system. The Phase-II AD Endo-atmospheric missile was launched from LC-III at ITR, Chandipurat 1624 hrs. The flight test fully met all the trial objectives validating complete network centric warfare weapon system consisting of Long Range Sensors, low latency communication system and MCC and Advance Interceptor missiles. The Phase-II AD Endo-atmospheric missile is an indigenously developed Two-stage solid propelled ground launched missile system meant for neutralising many types of enemy ballistic missile threats in the altitude bracket of endo to low exo-atmospheric regions.Some state-of-the-art Indigenous technologies developed by various DRDO laboratories have been incorporated in system. Raksha Mantri Shri Rajnath Singh complimented DRDO for today's successful flight test and stated that it has again demonstrated the Ballistic Missiles Defence capability. Secretary Department of Defence R&D and Chairman DRDO Dr Samir V Kamat congratulated the entire DRDO team for their untiring effort and contribution culminating in a successful flight test.

A study by the Reserve Bank of India (RBI) staff on Monday indicated that projected capital expenditure by private companies could rise significantly to Rs 2.45 trillion in FY25, up from Rs 1.59 trillion in FY24. In FY24, the projects sanctioned by banks and financial institutions reached a record high of Rs 3.90 trillion, of which 54 percent was planned to be invested by the end of FY23, 30 percent is provided for FY25, and the remaining 16 percent is envisaged to be invested in the subsequent years. The phasing profile of pipeline projects financed through all three channels suggests that the envisaged capex could increase significantly to Rs 2.45 trillion in 2024-25 (FY25) from Rs 1.59 trillion in 2023-24 (FY24),' the RBI study highlighted. The other channels of financing include borrowing through the external commercial borrowing (ECB) route and the initial public offering (IPO) route. According to the RBI, the infrastructure sector continued to attract the major share of envisaged capital investment, led by the 'roads & bridges' and 'power' sectors, reflecting the government's push towards infrastructure development. It added that on the downside, global financial market volatility, protracted geopolitical tensions, and geo-economic fragmentation could dampen investment plans.

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list Mumbai and New Delhi have recorded an annual increase in their real estate prices at 13% and 10.6% respectively, while Bengaluru has witnessed a modest 3.7% rise. Globally, Manila has topped the Knight Frank's Prime Global Cities Index with an increase of 26%. The Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices across 44 cities worldwide. The index tracks nominal prices in local currency.

The GST Council constituted a 13-member Group of Ministers (GoM) to suggest GST rates on premiums of various health and life insurance products and submit its report by October 30. Bihar Deputy Chief Minister Samrat Choudhary is the convenor of the GoM. The members of the panel include members from Uttar Pradesh, Rajasthan, West Bengal, Karnataka, Kerala, Andhra Pradesh, Goa, Gujarat, Meghalaya, Punjab, Tamil Nadu and Telangana. The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of GST on life and medical insurance. A final call by the Council on the taxation of insurance premiums is likely to be taken in the next meeting in November based on the GoM report. Currently, 18 percent of Goods and Services Tax (GST) is levied on insurance premiums. The Terms of Reference (ToR) of the panel also include suggesting tax rates of health/medical insurance including individual, group, family floater, and other medical insurance for various categories like senior citizens, middle class, and persons with mental illness. Also, suggest tax rates on life insurance, including term insurance, life insurance with investment plans whether individual or group and re-insurance

Exercise Tarang Shakti-24 is one of the largest multinational air exercise being conducted by the Indian Air Force in Jodhpur. On the sidelines of this exercise, lAF will also host the India Defence Aviation Exposition IDAX-24 which will be inaugurated by Hon'ble Raksha Mantri on 12 Sep 24. This edition of IDAX at Jodhpur, scheduled from 12-14 Sep 24, will have grand participation from industry and host a wide range of products, and technologies. This will be an opportunity for the FFCs and Indian audiences to witness, experience, and interact with participants from the Indian Aviation Industry including DPSUs, DRDO, Private Industries (Tier-I, Il, III), And top-notch Start-Ups. IDAX aims to showcase indigenous skills and the indomitable spirit of Indian Aviation Industries to a wide spectrum of decision-makers and end users from Global Air Forces participating in Tarang Shakti 2024.

The number of students who plays all three sports in college B = 560
The number of students who plays badminton in college B = 560*100/175 = 320
The number of students who plays badminton in college A = 320*5/8 = 200
The number of students who plays badminton in college C = 320*4/8 = 160
The number of students who plays football in college A = 200 - 20 = 180
The number of students who plays football in college B = 180/2 = 8=90
The number of students who plays cricket in college B = 560 - 320 - 90 = 150
The number of students who plays cricket in college A = 150*4/5 = 120
The number of students who plays cricket in college C= 480 - 120 - 150 = 210
The number of students who plays all three sports in college C = 210*10/3 = 700
The number of students who plays football in college C = 700 - 210 - 160 = 330
In tabular form-

Number of students who plays cricket in college A = 120
Number of students who plays football in college A = 180
Number of students who plays badminton in college A = 200
Required sum = 120 + 180 + 200 = 500

2x² - 9x - 18 = 0

2x² - 12x + 3x - 18 = 0

2x (x - 6) + 3 (x - 6) = 0

(x - 6) (2x + 3) = 0

x = 6 and -3/2

Side of small cubes casted after melting cylinder A = 6 cm

Volume of cylinder A = Volume of 77 small cubes

= 77 * 6³

= 16632 cm³

y² - 9y + 18 = 0

y² - 6y - 3y + 18 = 0

y (y - 6) - 3 (y - 6) = 0

y = 6 and 3

Radius of cone casted after melting cylinder B = 6 cm

Radius of sphere casted after melting cylinder B = 3 cm

z² - 6z + 8 = 0

z² - 4z - 2z + 8 = 0

z (z - 4) - 2 (z - 4) = 0

(z - 4) (z - 2) = 0

z = 4 and 2

Radius of cylinder casted after melting cylinder C = 4 cm

Height of cylinder casted after melting cylinder C = 2 cm

Volume of cylinder C = Volume of 72 small cylinders

= 72 * πr²h

= 72 * π * 4² * 2

= 2304π cm³

Total volume of all 72 small cylinder casted after melting cylinder C = 2304π = 7234.56 cm³

Height of cuboid = Height of small cylinders = 2 cm

Length and width of cuboid = Diameter of small cylinders/√2 = 8/√2 = 4√2 cm

Volume of all 72 small cuboids = 72 * 4√2 * 4√2 * 2

= 4608 cm³

Total leftover area = 2626.56 cm³

Total leftover quantity of metal = 2626.56/13.68

= 192 grams

Number of senior officers who work in company A = 400 * 18/100 = 72
Number of junior officers who work in company A = 72 * 5/9 = 40
Similarly, calculating the remaining we get;

The number of female junior officers in company B = 120 * 30/100 = 36
And number of male senior officers in company D = 75/100 * 40 = 30
Hence, required ratio = 36: 30 = 6: 5

Number of senior officers who work in company A = 400 * 18/100 = 72
Number of junior officers who work in company A = 72 * 5/9 = 40
Similarly, calculating the remaining we get;

Required difference = 72 - 60 = 12

Let the distance to be covered = d km and still water speed of the boat and speed of stream be 'b' km/hr and 's' km/hr respectively.

Initially time taken = d/(b - r) hr

Now the boat has to travel 1.5d km in an upstream with stream speed 2r km/hr

Time taken = 1.5d/(b - 2r) hr

Given that,

1.5d/(b - 2r) = (9/4) X d/(b - r)

=> 2b - 2r = 3b - 6r

=> b = 4r

=> b:r = 4:1

Let number of red pens manufactured by company M = 3x and number of black pens sold by company N = 2x

Let the number of red pens sold by company M = 5y and number of red pens manufactured by company N = 4y

The number of unsold red pens by company M = 3x - 5y

The number of black pens sold by company M = 4y - 400

The number of unsold black pens by company M = 2x - 4y + 400

The total number of unsold pens is 3600.

=> 3x - 5y + 2x - 4y + 400 = 3600

=> 5x - 9y = 3200 --- (1)

The number of red pens sold by company N = 2x - 2000

The number of unsold red pens by company N = 4y - 2x + 2000

=> 4y - 2x + 2000 = 2x - 4y + 400

=> 8y - 4x = -1600

=> x - 2y = 400 --- (2)

Solving equation (1) and (2), we get

x = 2800 and y = 1200

The number of black pens manufactured by company N = 9 * (2*2800 - 4*1200 + 400) = 9 * 1200 = 10800

The number of unsold black pens by company O = 3 * 2800 - 5 * 1200 = 2400

The number of unsold red pens by company O is 800.

The number of black pens sold by company O = 62.5/(100 - 62.5) * 2400 = 4000

The number of black pens manufactured by company O = 4000 + 2400 = 6400

The number of red pens manufactured by company O = 9/8 * 6400 = 7200

Tabulating the above data:

The number of blue pens manufactured by company O = 140/100 * 4800 = 6720

Sold diary + not sold diary = 2400........(i)

Sold diary - not sold diary = 240..........(ii)

From (i) and (ii) we get,

Not sold diary = 1080

Sold diary = 1320

Sold Pen + not sold Pen = 2800........(iii)

Sold pen - not sold pen = 240........(iv)

From (i) and (ii) we get,

Not sold Pen = 1280

Sold Pen = 1520

Required difference = 1520 - 1320 = 200