Banking Exams Exam  >  Banking Exams Tests  >  RBI Assistant Prelims Mock Test - 4 - Banking Exams MCQ

RBI Assistant Prelims Mock Test - 4 - Banking Exams MCQ


Test Description

30 Questions MCQ Test - RBI Assistant Prelims Mock Test - 4

RBI Assistant Prelims Mock Test - 4 for Banking Exams 2024 is part of Banking Exams preparation. The RBI Assistant Prelims Mock Test - 4 questions and answers have been prepared according to the Banking Exams exam syllabus.The RBI Assistant Prelims Mock Test - 4 MCQs are made for Banking Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for RBI Assistant Prelims Mock Test - 4 below.
Solutions of RBI Assistant Prelims Mock Test - 4 questions in English are available as part of our course for Banking Exams & RBI Assistant Prelims Mock Test - 4 solutions in Hindi for Banking Exams course. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free. Attempt RBI Assistant Prelims Mock Test - 4 | 100 questions in 60 minutes | Mock test for Banking Exams preparation | Free important questions MCQ to study for Banking Exams Exam | Download free PDF with solutions
RBI Assistant Prelims Mock Test - 4 - Question 1

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following best states the characteristics of Lizette?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 1
The answer can be inferred by the fact that her parents are not alive and she took the job to provide for herself and her siblings as suggested in 'In the Treddick family, the girls had been obliged to take the family burden upon their shoulders'. Moreover, 'But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former' suggests that she is responsible and practical. The phrase 'not what you would, but what you may' means that one must do what he or she can rather than do what he/she preferred.
RBI Assistant Prelims Mock Test - 4 - Question 2

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following describes Amasa's state of mind?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 2
'To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class' suggests that d is correct.
1 Crore+ students have signed up on EduRev. Have you? Download the App
RBI Assistant Prelims Mock Test - 4 - Question 3

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following best describes Simpsy's traits?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 3
'Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did' suggests that he was a talented speaker but was unconcerned about being acknowledged for his skills.
RBI Assistant Prelims Mock Test - 4 - Question 4

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following is TRUE according to the passage?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 4
'... that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry' suggests that option a is correct.
RBI Assistant Prelims Mock Test - 4 - Question 5

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following is the MOST SIMILAR in meaning to the word 'lightning'?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 5
As used in the passage, 'lightning' means 'very fast'. The only word that is similar in meaning is 'expeditious', which means 'done with speed and efficiency'. So, option b is correct.
RBI Assistant Prelims Mock Test - 4 - Question 6

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following is true about the Bilberry Hill exhibition?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 6
'The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation' suggests the answer.
RBI Assistant Prelims Mock Test - 4 - Question 7

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following can be said about Cosy Pringle's personality?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 7
The passage states, 'Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".' The fact that he was boasting suggests he was arrogant. He was dishonest is indicated by: 'When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat.' So, option a is correct.
RBI Assistant Prelims Mock Test - 4 - Question 8

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following is the MOST SIMILAR in meaning to the word 'pity'?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 8
'Pity' means 'a sad situation', which is what describes the fact that Lizette is going to work in the stocking factory rather than pursuing her dream to become a teacher. The only word that means the same is 'shame', which means 'a regrettable or an unfortunate situation or action'. So, option c is correct.
RBI Assistant Prelims Mock Test - 4 - Question 9

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following is true about Cosy's performance in academics?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 9
The passage states, 'He wasn't second in his class; he came sympathisingly near to Amasa there' and 'Amasa ... he was at the very foot of his class'. This indicates that Cosy was not proficient in his studies. The passage further states, '... he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".' This indicates that Cosy tended to 'act smart'. So, option a is correct.
RBI Assistant Prelims Mock Test - 4 - Question 10

Directions: Read the given passage carefully and answer the question that follows.

Simpsy Judkins was to "speak a piece," and Viola Treddick to read an original composition; there was to be a glee sung by picked voices from the first class—it was all about the deep blue sky, and "the sky, the sky, the sky," was repeated in a very thrilling and effective manner; and Tom Burtis was to display his powers as a lightning calculator. The exhibition was to be given in the new Town-hall, and not only would all Bilberry be there, but a crowd of people from the adjacent towns as well, to say nothing of teachers and pupils from the Normal School at Cocheco; for the Bilberry Hill School exhibitions had acquired a reputation.

In the Treddick family, the girls had been obliged to take the family burden upon their shoulders. When Father Treddick died, somewhat less than a month after Mother Treddick, turning his face to the wall, and saying that she had been his backbone and his underpinning and he couldn't live without her (it sometimes happens that way in spite of Mother Nature), the rocks still had the upperhands on the little farm, and Amasa, the only boy, was but eleven. Lizette, who was fifteen, went to work in the stocking factory. Everyone thought it was a pity, because Lizette was fond of books and had meant to be a teacher; she was slight and delicate, too, and work in the stocking factory was hard. But Lizette believed in doing "not what you would, but what you may," with just as good a will as if it were the former. Some people said she had taken warning by her father's example; he had always been trying to invent something in his queer little workshop that was the wood-shed chamber; that was why the rocks had not been gotten out of the farm.

It was Viola who was now spoken of as a remarkably fine scholar, just as Lizette had been before she went into the factory; she was not yet sixteen, but she hoped to get the Pine Bank School to teach in September. There were several other candidates, all older than she, but Viola was at the head of her class, and that original composition which she was to read at the exhibition was expected to make an impression upon the committee-men. The teacher had said to several people that it was really a remarkable production for a girl of Viola's age, and they thought a great deal of literary gifts in Bilberry.

Lizette was very proud of Viola, and so, indeed, was Amasa, who was fourteen now, but whose name was not on the programme at all. To tell the painful truth at once, although Amasa keenly felt the especial need there was that he should be "smart," although he tried his best to be the man of the family in a satisfactory sense, yet he was at the very foot of his class; fractions floored him, and he had a hazy idea that Timbuctoo was out West, and that Captain John Smith discovered America. When it came to chopping wood, Amasa was pretty sure to cut his toe, and if he went fishing he tumbled into the pond. And he couldn't get "jobs," like Cosy Pringle, the boy in the next house, who had money in the bank.

Cosy Pringle boasted that he always "came out top of the heap"; but some people thought he was too "smart".

When the exhibition day came, although Simpsy Judkins had been announced to "speak a piece," it was Cosy Pringle who spoke it; there was a report that he had hired Simpsy to have a sore throat. Simpsy had oratorical gifts, but he did not feel the advantages of appearing in public and having his name in the paper, as Cosy did. Cosy held the second rank in declamation, so Simpsy's sore throat gave him an opportunity to be heard. He wasn't second in his class; he came sympathisingly near to Amasa there; but he had carefully weighed opinions—which he sometimes confided to Amasa—concerning the amount of study that "paid".

Q. Which of the following is the MOST OPPOSITE in meaning to the word 'queer'?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 10
As used in the passage, 'queer' means 'strange or odd'. The only word that is opposite in meaning is 'typical', which means 'showing the characteristics expected of or popularly associated with a particular person or thing'. So, option d is correct.
RBI Assistant Prelims Mock Test - 4 - Question 11

In each of the given questions there is a sentence with two blanks in it. You have to find a suitable pair of words for each blank from the given options that can make the sentence grammatically and contextually correct.

For a certain type who rely on ___________ in their politics, _________ that can act as a dog whistle is a key weapon in an electoral battle.

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 11
The apt pair of words is- “bigotry, rhetoric”. Bigotry means stubborn or intolerant adherence to one's opinions or prejudices.

Rhetoric means a language that is impressive-sounding but not meaningful or sincere.

Cogency- the capacity to persuade

Insularity- ignorance of or lack of interest in cultures, ideas, or peoples outside one's own experience.

Hence option D is the correct answer.

RBI Assistant Prelims Mock Test - 4 - Question 12

In each of the given questions there is a sentence with two blanks in it. You have to find a suitable pair of words for each blank from the given options that can make the sentence grammatically and contextually correct.

The Chief Ministers of West Bengal and Tamil Nadu, Mamata Banerjee and M.K. Stalin, respectively, have jointly proposed a ____________ of non-BJP Chief Ministers. The initiative is still __________ and there is no clear agenda or a definite date but the political context is amply clear.

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 12
The above sentence conveys that the Chief Ministers of West Bengal and Tamil Nadu proposed an alliance of non-BJP Chief Ministers. The initiative has just begun and there is no clear agenda or a definite date. So, the apt pair of words is- “convention, nascent”

Convention means an agreement between states covering particular matters, especially one less formal than a treaty.

Nascent means (especially of a process or organization) just coming into existence and beginning to display signs of future potential.

Hence option C is the correct answer.

RBI Assistant Prelims Mock Test - 4 - Question 13

In each of the given questions there is a sentence with two blanks in it. You have to find a suitable pair of words for each blank from the given options that can make the sentence grammatically and contextually correct.

Uttar Pradesh Chief Minister Yogi Adityanath’s remark that the State could become Kashmir, West Bengal or Kerala if voters _________ a mistake, could have been, at any other time or context, laughed at for stretching __________.

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 13
The above sentence conveys the remark of the Uttar Pradesh Chief Minister that if voters commit a mistake then the State could become Kashmir, West Bengal or Kerala.

Credulity- a tendency to be too ready to believe that something is real or true.

Pledged- commit (a person or organization) by a solemn promise

Confided- tell someone about a secret or private matter while trusting them not to repeat it to others.

Hence option B is the correct answer.

RBI Assistant Prelims Mock Test - 4 - Question 14

In each of the given questions there is a sentence with two blanks in it. You have to find a suitable pair of words for each blank from the given options that can make the sentence grammatically and contextually correct.

Dokra or Dhokra is a non-ferrous metal ________ that has been used in India for over 4,000 years. ______, the handicraft is still prepared by hand by village artisans of Odisha, without the involvement of any machines.

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 14
Metal casting is a process in which hot liquid metal is poured into a mould that contains a hollow cutout or cavity of the desired finished shape. So, the first blank will be filled by the word “casting”.

Alluringly means powerfully and mysteriously attractive or fascinating; seductive.

So, the apt pair of words is- “casting, alluringly”

Repulsively means extremely unpleasant or unacceptable.

Hence option A is the correct answer.

RBI Assistant Prelims Mock Test - 4 - Question 15

Directions: A sentence is divided into four parts. Choose the part that is grammatically incorrect.

The mother of the girl despaired of her daughter's ill temper/ so she gave her daughter a bag of nails and told/ her that every time she lose her temper,/ she must hammer a nail into the garden fence.

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 15
The sentence is in indirect speech. So, with 'told' the past form 'lost' will be used.
RBI Assistant Prelims Mock Test - 4 - Question 16

In each of the following questions, a sentence has been divided into five parts which may or may not be grammatically correct. Find out which part of the sentence is erroneous.

A communal angle is occasionally added, (a)/ as Uttar Pradesh CM Yogi Adityanath did (b)/ last week in branding West Bengal, Kerala or Kashmir, (c)/ apparently for the high levels of (d)/ politic power enjoyed by Muslims there (e).

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 16
Out of the given five parts, “e” is grammatically incorrect.

Error- We need an adjective before the noun “power”. So, the adjective form of “politic” is “political”. So“politic” will be replaced by “political”.

Remaining parts are free from errors; hence option E is the correct answer.

RBI Assistant Prelims Mock Test - 4 - Question 17

Directions: A sentence is divided into four parts. Choose the part that is grammatically incorrect.

His research on behavioural psychology/ and habit formation has enabled/ him developing simple yet effective strategies/ for building a healthy eating habit

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 17
Instead of 'him developing', 'him to develop' would be correct usage because 'enabled' is followed by direct object and to-infinitive.
RBI Assistant Prelims Mock Test - 4 - Question 18

In each of the following questions, a sentence has been divided into five parts which may or may not be grammatically correct. Find out which part of the sentence is erroneous.

Hundreds of people participated in a (a)/ bull-taming sport organized at Karlagatta village (b)/ in Andhra’s Chittoor district despite (c)/ the government warning that action (d)/ would be taken against the organizers (e).

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 18
Out of the given five parts, “d” is grammatically incorrect.

Error- As per the subject-verb agreement, when two nouns are used consecutively, we use apostrophe in the first noun.

“Government” will be replaced by “government’s”.

Remaining parts are free from errors; hence option D is the correct answer.

RBI Assistant Prelims Mock Test - 4 - Question 19

In each of the following questions, a sentence has been divided into five parts which may or may not be grammatically correct. Find out which part of the sentence is erroneous.

The Quad Ministerial meeting in Melbourne, meant (a)/ to set the stage for a meeting by the leader of (b)/ Australia, India, Japan and the U.S. later this year (c)/ in Tokyo, ended with outcomes that showcased (d)/ its “positive agenda” in the Indo-Pacific region (e).

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 19
Out of the given five parts, “b” is grammatically incorrect.

Error- As there are four countries mentioned in the sentence, and leader is used as the singular noun which is incorrect so, “leader” will be replaced by “leaders”.

Remaining parts are free from errors; hence option B is the correct answer.

RBI Assistant Prelims Mock Test - 4 - Question 20

Directions: The question below contains a table. Each column contains phrases. Below various combinations are given. Choose the combination(s) to make whole, complete sentence(s).

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 20
''We are more in-tune with our politics and our world than ever before, but sometimes this comes at a price''.

''Technology allows us to voice our opinions from behind a computer screen empowering some to say things that would never be said in person''.

RBI Assistant Prelims Mock Test - 4 - Question 21

Directions: The question below contains a table. Each column contains phrases. Below various combinations are given. Choose the combination(s) to make whole, complete sentence(s).

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 21
''America's trade deficit remains high and the latest numbers show employment slacking off and manufacturing shrinking''.

''In that time, tensions between the US and China have gotten worse and what began as posturing is now a full-blown trade war''.

RBI Assistant Prelims Mock Test - 4 - Question 22

Directions: The question below contains a table. Each column contains phrases. Below various combinations are given. Choose the combination(s) to make whole, complete sentence(s).

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 22
''Because even after the facts became incontestably clear, we know the world did shockingly little to protect itself''.

''For obvious reasons, Exxon-Mobil launched a massive public disinformation campaign to muddy the science and downplay the danger''.

RBI Assistant Prelims Mock Test - 4 - Question 23

Directions: The question below contains a table. Each column contains phrases. Below various combinations are given. Choose the combination(s) to make whole, complete sentence(s).

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 23
''In Italy, officials have closed roads and evacuated alpine huts because a glacier on Mont Blanc appears close to collapsing''.

''The benefits of a longer growing season in coastal areas are partially offset by the northward migration of pests and erosion caused by increased rainfall''.

RBI Assistant Prelims Mock Test - 4 - Question 24

Directions: The question below contains a table. Each column contains phrases. Below various combinations are given. Choose the combination(s) to make whole, complete sentence(s).

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 24
''With immediate neighbours, there will be more non-reciprocal development and connectivity initiatives".

''And the final strand is of global partnerships and India's role on the world stage".

RBI Assistant Prelims Mock Test - 4 - Question 25

Read the following passage carefully and answer the questions given below. Some words are printed in bold in order to help you locate them while answering some of the questions.

After much uncertainty, the Life Insurance Corporation of India (LIC) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The initial public offering is for 31.6 crore shares or 5 percent of the government’s stake. As per the DRHP, LIC’s embedded value — a measure of the consolidated shareholders value in an insurance company— has been estimated at Rs 5.39 lakh crore. While the offer price is yet to be disclosed, insurance companies typically tend to trade at a multiple of their embedded value. A successful fructification of the IPO by March would help the government achieve its scaled down disinvestment target of Rs 78,000 crore of which it has only been able to garner Rs 12,030 crore so far.

As of March 31, 2021, LIC had a 66.2 per cent market share in new business premiums, a 74.6 per cent share in individual policies issued, and an 81.1 per cent share in the number of group policies issued for 2020-21. Though, increasingly LIC has been ceding space to private players — between 2015-16 and 2020-21, private sector life insurance players saw their premiums grow at 18 per cent, while LIC’s premium grew at 9 per cent — India is still an under-penetrated market. The country’s insurance density is much lower than that of other developing countries which indicates scope for growth.

While a listing on the exchanges will open LIC’s governance structures and investment decisions to public scrutiny, continued government interference in its decision making will affect the corporation’s prospects. The steep discounts that public sector companies trade at when compared to their private sector counterparts is a reflection of this pattern. Considering that LIC is a custodian of the policyholder’s money, the government must resist the temptation of using its coffers for its own purpose.

Q. Why did the insurance company tend to trade at a multiple of their embedded values?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 25
Refer to the first paragraph- “While the offer price is yet to be disclosed, insurance companies typically tend to trade at a multiple of their embedded value.” From the above quoted lines, we can say that option C is the correct answer.
RBI Assistant Prelims Mock Test - 4 - Question 26

Read the following passage carefully and answer the questions given below. Some words are printed in bold in order to help you locate them while answering some of the questions.

After much uncertainty, the Life Insurance Corporation of India (LIC) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The initial public offering is for 31.6 crore shares or 5 percent of the government’s stake. As per the DRHP, LIC’s embedded value — a measure of the consolidated shareholders value in an insurance company— has been estimated at Rs 5.39 lakh crore. While the offer price is yet to be disclosed, insurance companies typically tend to trade at a multiple of their embedded value. A successful fructification of the IPO by March would help the government achieve its scaled down disinvestment target of Rs 78,000 crore of which it has only been able to garner Rs 12,030 crore so far.

As of March 31, 2021, LIC had a 66.2 per cent market share in new business premiums, a 74.6 per cent share in individual policies issued, and an 81.1 per cent share in the number of group policies issued for 2020-21. Though, increasingly LIC has been ceding space to private players — between 2015-16 and 2020-21, private sector life insurance players saw their premiums grow at 18 per cent, while LIC’s premium grew at 9 per cent — India is still an under-penetrated market. The country’s insurance density is much lower than that of other developing countries which indicates scope for growth.

While a listing on the exchanges will open LIC’s governance structures and investment decisions to public scrutiny, continued government interference in its decision making will affect the corporation’s prospects. The steep discounts that public sector companies trade at when compared to their private sector counterparts is a reflection of this pattern. Considering that LIC is a custodian of the policyholder’s money, the government must resist the temptation of using its coffers for its own purpose.

Q. How can we say that the LIC has been increasingly giving space to private players in between 2015-16 and 2020-21?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 26
Refer to the second paragraph: “Though increasingly, the LIC has been ceding space to private players — between 2015-16 and 2020-21, private sector life insurance players saw their premiums grow at 18 per cent, while LIC’s premium grew at 9 per cent”.

From the above quoted lines, we can say that option D is the correct answer.

RBI Assistant Prelims Mock Test - 4 - Question 27

Read the following passage carefully and answer the questions given below. Some words are printed in bold in order to help you locate them while answering some of the questions.

After much uncertainty, the Life Insurance Corporation of India (LIC) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The initial public offering is for 31.6 crore shares or 5 percent of the government’s stake. As per the DRHP, LIC’s embedded value — a measure of the consolidated shareholders value in an insurance company— has been estimated at Rs 5.39 lakh crore. While the offer price is yet to be disclosed, insurance companies typically tend to trade at a multiple of their embedded value. A successful fructification of the IPO by March would help the government achieve its scaled down disinvestment target of Rs 78,000 crore of which it has only been able to garner Rs 12,030 crore so far.

As of March 31, 2021, LIC had a 66.2 per cent market share in new business premiums, a 74.6 per cent share in individual policies issued, and an 81.1 per cent share in the number of group policies issued for 2020-21. Though, increasingly LIC has been ceding space to private players — between 2015-16 and 2020-21, private sector life insurance players saw their premiums grow at 18 per cent, while LIC’s premium grew at 9 per cent — India is still an under-penetrated market. The country’s insurance density is much lower than that of other developing countries which indicates scope for growth.

While a listing on the exchanges will open LIC’s governance structures and investment decisions to public scrutiny, continued government interference in its decision making will affect the corporation’s prospects. The steep discounts that public sector companies trade at when compared to their private sector counterparts is a reflection of this pattern. Considering that LIC is a custodian of the policyholder’s money, the government must resist the temptation of using its coffers for its own purpose.

Q. What is the correct antonym for the highlighted word “garner”?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 27
The highlighted word “garner” means “gather or collect (something, especially information or approval)”. Except “dissolve” all the given words are synonyms. Hence option C is the correct answer.
RBI Assistant Prelims Mock Test - 4 - Question 28

Read the following passage carefully and answer the questions given below. Some words are printed in bold in order to help you locate them while answering some of the questions.

After much uncertainty, the Life Insurance Corporation of India (LIC) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The initial public offering is for 31.6 crore shares or 5 percent of the government’s stake. As per the DRHP, LIC’s embedded value — a measure of the consolidated shareholders value in an insurance company— has been estimated at Rs 5.39 lakh crore. While the offer price is yet to be disclosed, insurance companies typically tend to trade at a multiple of their embedded value. A successful fructification of the IPO by March would help the government achieve its scaled down disinvestment target of Rs 78,000 crore of which it has only been able to garner Rs 12,030 crore so far.

As of March 31, 2021, LIC had a 66.2 per cent market share in new business premiums, a 74.6 per cent share in individual policies issued, and an 81.1 per cent share in the number of group policies issued for 2020-21. Though, increasingly LIC has been ceding space to private players — between 2015-16 and 2020-21, private sector life insurance players saw their premiums grow at 18 per cent, while LIC’s premium grew at 9 per cent — India is still an under-penetrated market. The country’s insurance density is much lower than that of other developing countries which indicates scope for growth.

While a listing on the exchanges will open LIC’s governance structures and investment decisions to public scrutiny, continued government interference in its decision making will affect the corporation’s prospects. The steep discounts that public sector companies trade at when compared to their private sector counterparts is a reflection of this pattern. Considering that LIC is a custodian of the policy holder’s money, the government must resist the temptation of using its coffers for its own purpose.

Q. Which of the following statements is correct in the context of the passage?

I. LIC had a 66.2 per cent market share in new business premiums for 2020-21.

II. LIC had a 74.6 per cent share in the number of group policies issued for 2020-21.

III. LIC had an 81.1 per cent share in individual policies issued for 2020-21.

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 28
Out of the given statements, only I is correct in the context of the passage.

Correction-

II. LIC had a 74.6 per cent share in individual policies issued for 2020-21.

III. LIC had an 81.1 per cent share in the number of group policies issued for 2020-21.

Hence option A is the correct answer.

RBI Assistant Prelims Mock Test - 4 - Question 29

Read the following passage carefully and answer the questions given below. Some words are printed in bold in order to help you locate them while answering some of the questions.

After much uncertainty, the Life Insurance Corporation of India (LIC) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The initial public offering is for 31.6 crore shares or 5 percent of the government’s stake. As per the DRHP, LIC’s embedded value — a measure of the consolidated shareholders value in an insurance company— has been estimated at Rs 5.39 lakh crore. While the offer price is yet to be disclosed, insurance companies typically tend to trade at a multiple of their embedded value. A successful fructification of the IPO by March would help the government achieve its scaled down disinvestment target of Rs 78,000 crore of which it has only been able to garner Rs 12,030 crore so far.

As of March 31, 2021, LIC had a 66.2 per cent market share in new business premiums, a 74.6 per cent share in individual policies issued, and an 81.1 per cent share in the number of group policies issued for 2020-21. Though, increasingly LIC has been ceding space to private players — between 2015-16 and 2020-21, private sector life insurance players saw their premiums grow at 18 per cent, while LIC’s premium grew at 9 per cent — India is still an under-penetrated market. The country’s insurance density is much lower than that of other developing countries which indicates scope for growth.

While a listing on the exchanges will open LIC’s governance structures and investment decisions to public scrutiny, continued government interference in its decision making will affect the corporation’s prospects. The steep discounts that public sector companies trade at when compared to their private sector counterparts is a reflection of this pattern. Considering that LIC is a custodian of the policyholder’s money, the government must resist the temptation of using its coffers for its own purpose.

Q. How would the corporation’s prospects be affected as per the context of the passage?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 29
Refer to the last paragraph: While a listing on the exchanges will open LIC’s governance structures and investment decisions to public scrutiny, continued government interference in its decision making will affect the corporation’s prospects. From the above quoted lines, we can say that option C is the correct answer.
RBI Assistant Prelims Mock Test - 4 - Question 30

Read the following passage carefully and answer the questions given below. Some words are printed in bold in order to help you locate them while answering some of the questions.

After much uncertainty, the Life Insurance Corporation of India (LIC) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The initial public offering is for 31.6 crore shares or 5 percent of the government’s stake. As per the DRHP, LIC’s embedded value — a measure of the consolidated shareholders value in an insurance company— has been estimated at Rs 5.39 lakh crore. While the offer price is yet to be disclosed, insurance companies typically tend to trade at a multiple of their embedded value. A successful fructification of the IPO by March would help the government achieve its scaled down disinvestment target of Rs 78,000 crore of which it has only been able to garner Rs 12,030 crore so far.

As of March 31, 2021, LIC had a 66.2 per cent market share in new business premiums, a 74.6 per cent share in individual policies issued, and an 81.1 per cent share in the number of group policies issued for 2020-21. Though, increasingly LIC has been ceding space to private players — between 2015-16 and 2020-21, private sector life insurance players saw their premiums grow at 18 per cent, while LIC’s premium grew at 9 per cent — India is still an under-penetrated market. The country’s insurance density is much lower than that of other developing countries which indicates scope for growth.

While a listing on the exchanges will open LIC’s governance structures and investment decisions to public scrutiny, continued government interference in its decision making will affect the corporation’s prospects. The steep discounts that public sector companies trade at when compared to their private sector counterparts is a reflection of this pattern. Considering that LIC is a custodian of the policy holder’s money, the government must resist the temptation of using its coffers for its own purpose.

Q. What is the correct synonym for the highlighted word “steep”?

Detailed Solution for RBI Assistant Prelims Mock Test - 4 - Question 30
The highlighted word “steep” means “(of a price or demand) that’s not reasonable; or excessive.” The correct synonym will hence, be “excessive”. So, option B is the correct answer.
View more questions
Information about RBI Assistant Prelims Mock Test - 4 Page
In this test you can find the Exam questions for RBI Assistant Prelims Mock Test - 4 solved & explained in the simplest way possible. Besides giving Questions and answers for RBI Assistant Prelims Mock Test - 4, EduRev gives you an ample number of Online tests for practice

Top Courses for Banking Exams

Download as PDF

Top Courses for Banking Exams