EPFO Assistant Mains Mock Test - 8 - Bank Exams MCQ

Akshey starts from his school facing West and walks 50 m straight. He then takes a right and walks 50 m. Further, he takes a left turn and walks 20 m. In which direction is Akshey now from the starting point?

Directions: Study the given information carefully to answer the following question.

Below are the combination of sentences and their specific code in a certain language:
All Humans Have Life – 19$V 26!O 15#H 19#H
Everyone Is Equal – 22!O 22#H 18$V
Never Say No To Troubles – 13%U 7&R 8^B 13&R 7$V
Your Wish My Command – 4*K 14^B 2%U 24@G

Q. How will 'Danger' be coded as according to this code language?

Directions: This question is based on five words given below.

AWAY TAKE GRAT PISS DEAL

(Note: The word formed after performing the given operations may or may not be a meaningful English word)

If the given words are arranged in the order as they would appear in the English dictionary from left to right, then which of the following will be the second from the right?

Study the following information to answer the given questions:

1. In a family of 6 persons, there are two couples.
2. The lawyer is the head of the family and has only two sons – Mukesh and Rakesh – both teachers.
3. Mrs. Reena and her mother-in-law both are lawyers
4. Mukesh's wife is a doctor and they have a son, Ajay._______________

Q. What is the profession of Ajay?

Study the following information to answer the given questions:

1. In a family of 6 persons, there are two couples.
2. The lawyer is the head of the family and has only two sons – Mukesh and Rakesh – both teachers.
3. Mrs. Reena and her mother-in-law both are lawyers
4. Mukesh's wife is a doctor and they have a son, Ajay._______________

Q. What is the profession of Rakesh’s wife?

A coin is tossed 3 times. Find out the number of possible outcomes.       

A bag contains 2 white balls, 3 black balls and 4 red balls. In how many ways can 3 balls be drawn from the bag, if at least one black ball is to be included in the draw? 

 A vessel is full of refined oil. 1/4 of the refined oil is taken out and the vessel is filled with mustard oil. If the process is repeated 4 times and 10 litres of refined oil is finally left in the vessel, what is the capacity of the vessel?

There are two bags, one of them contains 5 red and 7 white balls and the other 3 red and 12 white balls, and a ball is to be drawn from one or the other of the two bags. Find the chance of drawing a red ball.

A sum of money doubles itself in 5 years. In how many years will it become four fold (if interest is compounded)?

Directions to Solve

Choose the correct alternative that will continue the same pattern and replace the question mark in the given series.

Question -

2, 15, 4, 12, 6, 7, ?, ?

Directions to Solve

Choose the correct alternative that will continue the same pattern and replace the question mark in the given series.

Question -

5824, 5242, ?, 4247, 3823

Directions to Solve

Choose the correct alternative that will continue the same pattern and replace the question mark in the given series.

Question -

4832, 5840, 6848, ?

A man purchased 10 pens and got 2 pens free. He marked the price 20% more than the CP. He did not allow any discount and sold all the 12 pens for this price. Find his profit percentage.

A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article is

Directions: Study the following line chart carefully and answer the questions given beside.
The following line graph shows the percentage breakup of students studying in DPS Dehradun, from level VI to X in the year 2019.

Note: The total number of students in the school is 2200.

Q. The total number of boys in level VIII is “x” and the total number of boys in level IX is “x + 40”. If the total number of girls in level VIII and level IX together is 306, then find the value of “x”.

Statements :
I. Gautam was born exactly 28 years after his mother was born.
II. His mother will be 55 years 4 months and 5 days on August 18 this year.

Q. On which day in April is Gautam's birthday?

Statements :
I. In the code language, 'shi tu ke' means 'pen is blue'.
II. In the same code language, 'ke si re' means 'this is wonderful'.

Q. What is the code for 'is' in the code language ?

When the dentist came in / my thooth was stopped acing / out of fear that I might loose my tooth / No error.

Directions: The following question has two blanks. In each blank a preposition has been omitted. Choose the set of prepositions for each blank that best fits in the context of the sentence.

Children from States like Bihar, Assam and West Bengal are usually found, and they are _______________ and reunited with their families or sent to children’s homes.
I. Rescued
II. Saved
III. Retrieved

Direction: The sentences given in the question, when properly sequenced, form a coherent paragraph. Each sentence is labeled with a letter. Choose the most logical order of sentences from the given choices to construct a coherent paragraph.

A. Even if the Court is not motivated by an anti-African agenda, it is no less concerning that it acts, without fail, in concert with its North Atlantic backers.

B. It simply reproduces a Western narrative of Russian aggression that justifies NATO’s largest build-up of military forces in eastern Europe since the Cold War.

C. That military intervention in Africa by former colonial powers has been followed, almost without exception, by the International Criminal Court’s juridical intervention, leaves Africans understandably suspicious.

D. And the Court’s recent decision to launch an investigation into South Ossetia—its first extra-African investigation—is but of a piece with its earlier interventions, doing little to assuage that concern.

Directions: Read the passage and answer the questions that follow:

The deadline for the completion of the resolution process under the Insolvency and Bankruptcy Code (IBC), 2016 for the first set of cases taken up has neared or even passed. The IBC provides for a time limit of 180 days (extendable by 90 days) once a case of default is brought  and If no resolution plan drawn up under the supervision of a resolution professional can be agreed upon, liquidation must follow to recover whatever sums are possible. While the NCLT has considered a number of cases since its constitution, its role assumed importance when, on 13 June 2017, the Reserve Bank of India (RBI) mandated proceedings against 12 large defaulters, holding accounts with outstanding amounts of more than Rs 5,000 crore, of which at least 60% had been classified as non-performing as of 31 March 2016. These bad loans accounted for around 25% of the non-performing assets (NPAs) recognised at that time.

In most cases, the estimated value of assets on liquidation is low, and does not capture the true value of the company. Put simply, the aggregate of the individual value of a set of stripped assets tends to be much lower than the value of those assets when combined for production. So, if the IBC process and the intervention of the NCLT lead, through bidding, to an offer of a takeover by a third party which is acceptable to the creditors, the recovery against bad loans technically written off by financial creditors would be much higher. Since this was to occur in a time-bound fashion, it seemed to be a significant initiative to address the NPA problem in the banking system. The IBC was combined with legislative amendments that strengthened the powers of the RBI to order the launch of proceedings to recover the loans gone bad. These measures, it was argued, through enforced resolution or liquidation if necessary, offered a way in which the abysmal record of recovery could be corrected and the pressure on the government to bail out banks with taxpayers’ money could be reduced. In the case of 11 public sector banks out of a total of 21, of the loans technically written-off between April 2014 and December 2017, recovery rates varied from nil to just above 20%, and in the case of another three, the rate ranged between 23% and 29%. The average recovery rate for all 21 banks was a pathetic 10.8%. By facilitating and accelerating the recovery effort, the IBC process was expected to raise the rate significantly.

The context in which this new strategy was launched needs recalling. Unlike the period prior to the 1990s, the NPAs that accumulated in the books of banks in recent years were not equitably distributed across different categories of borrowers, big and small, priority and non-priority. Rather, because of a change in the lending strategy during the period of the credit boom after 2003, the NPAs are now concentrated in the hands of large borrowers, primarily corporate borrowers.

The initial experience with the first phase of this multistep process involving the recognition, technical write-off and provisioning, and recovery of NPAs, is revealing for a number of reasons. First, in cases where the assets on offer were of special interest to particular bidders, the rates of recovery have been rather high. This was true of the acquisition of Bhushan Steel by Tata Steel and of Electro­steel by Vedanta. Bhushan Steel owed its financial creditors around Rs 56,000 crore, whereas the Tata Steel bid returned Rs 35,200 crore upfront to the financial creditors, besides giving them a 12.3% stake in the company in lieu of returning the remaining debt. That was substantial relative to the estimated ­liquidation value of Rs 15,000 crore to Rs 20,000 crore, and far better than the average 10% recovery rate reported on aggregate write-offs in the recent past. The Tatas clearly had a special interest in the deal since its valuation of the company was far higher than that of JSW Group, the other keen bidder. The latter offered the creditors only Rs 29,700 crore.

The evidence that the assets were valuable despite the defaults emerged also from the battle between bidders who were often taken to the courts. Essar Steel, one of the largest defaulters with around Rs 44,000 crore in questionable debt, when put up for sale, elicited expressions of interest from five bidders. Interestingly, besides Tata Steel, Arcelor Mittal, Vedanta, Sumitomo, and Steel Authority of India, the interested parties include the Ruias, who are the original promoters of Essar Steel.

This effort of the defaulting promoters to regain control of the companies concerned at a discount did muddy the water. The original IBC bill did not prevent promoters from making bids for resolution at the NCLT. Some justified the Ruia bid on the grounds that extraneous factors may have led to distress for no fault of the original promoters. But, if the Committee of Creditors (CoC) has taken the firm to the NCLT, it is clearly because they saw the incumbent management as incapable of resolving the crisis faced by the firm. And, if promoters regain control, much of the debt their company owes will be forgiven, with the losses being carried by the financial and operational creditors. Recognising the travesty involved, the government was forced to amend the IBC bill to prohibit promoters from bidding under the NCLT process.

Q. Which of the following is/are true as per the passage?
I. Essar Steel evoked interest even from its promoters when it was put up for sale.
II. Bhushan Steel was acquired by the JSW Group for Rs 32,500 crore.
III. The average recovery rate for the 21 banks (public plus private) was 10.8%.

Which English county did batting sensation Virender Sehwag join in the 2003 season?

Hirakud Dam has been constructed across the river –

The amount of deposits placed by a non-scheduled Urban Cooperative Bank with any scheduled Urban Cooperative Bank should not exceed _____ of the depositing bank's total deposit liabilities.

Which organization has launched "Project Financial Literacy" to spread information about the central bank and general banking principles to a variety of target groups, including school and college students, women, the rural and urban poor, defense personnel, and older residents?

Who regulates money market in India?