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Central Bank Apprentice Mock Test - 4 - Bank Exams MCQ


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30 Questions MCQ Test - Central Bank Apprentice Mock Test - 4

Central Bank Apprentice Mock Test - 4 for Bank Exams 2024 is part of Bank Exams preparation. The Central Bank Apprentice Mock Test - 4 questions and answers have been prepared according to the Bank Exams exam syllabus.The Central Bank Apprentice Mock Test - 4 MCQs are made for Bank Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Central Bank Apprentice Mock Test - 4 below.
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Central Bank Apprentice Mock Test - 4 - Question 1
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What is the total surface area of a cuboid whose length, breadth and height are 10 cm, 8 cm and 5 cm respectively?

Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 1

Surface area of a cuboid = 2 × (lb + bh + hl)
So the answer = 2 × (10 × 8 + 8 × 5 + 5 × 10) = 340 cm2
Hence, Option A is correct.

Central Bank Apprentice Mock Test - 4 - Question 2
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In how many seconds can a 750-meter-long train cross an electric pole while running at 30 m/s?

Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 2


Hence, Option D is correct.

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Central Bank Apprentice Mock Test - 4 - Question 3
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A sum of Rs. 8000 is borrowed at 5% p.a. compound interest and paid back in 3 equal annual instalments. What is the amount of each instalment?

Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 3

Let the repayment annually be X. Then: 8000 + 3 years interest on 8000 (on compound interest of 5%) = X + 2 years interest on X + X + 1 years interest on X + X → X = 2937.67

Central Bank Apprentice Mock Test - 4 - Question 4
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Which one will replace the question mark?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 4

93 - (27 + 3) = 63

79 - (38 + 4) = 37

Therefore, 67 - (16 + X) = 42

X = 9

Central Bank Apprentice Mock Test - 4 - Question 5
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Among Anil, Bibek, Charu, Debu and Eswar, Eswer is taller than Debu but not as fat as Debu. Charu is taller than Anil but shorter than Bibek. Anil is fatter than Debu but not as fat as Bibekk. Eswer is thinner than Anil. Who is the thinnest person?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 5

According to given information as per height,
Eswer is taller than Debu.
E > D
Charu is taller than Anil but shorter than Bibek
C > A But C < B
Arrangement of heights in descending order
Bibek > Charu > Anil > Eswer > Debu
Arrangement of weights in descending order
Eswer is taller than Debu but not as fat as Debu.
1. D > E (Debu is fatter than Eswer)
Anil is fatter than Debu but not as fat as Bibek.
2. A > D But B > A
Eswer is thinner than Anil.
3. E < A
From 1 and 3
4. A or D > E
from 2 and 4,
5. B > A > D > E
Bibek > Anil > Debu > Charu > Eswer

Central Bank Apprentice Mock Test - 4 - Question 6
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Direction: Study the following information to answer the given questions:
(i) Six plays are to be organized from Monday to Sunday – one play each day with one day when there is no play. ‘No play’ day is not Monday or Sunday.
(ii) The plays are held in sets of 3 plays each in such a way that 3 plays are held without any break, i.e. 3 plays are held in such a way that there is no ‘No play’ day between them but immediately before this set or immediately after this set it is ‘No play’ day.
(iii) Play Z was held on 26th and play X was held on 31st of the same month.
(iv) Play B was not held immediately after play A (but was held after A, not necessarily immediately) and play M was held immediately before Q.
(v) All the six plays were held in the same month.

Q. Which date was a ‘No play’ day?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 6

According to above given question , we can say that
The plays are held in sets of 3 plays each in such a way that 3 plays are held without any break, i.e. 3 plays are held in such a way that there is no ‘No play’ day between them but immediately before this set or immediately after this set it is ‘No play’ day.
From given table we can see that ‘No play’ was date on 28th , which is on Thursday .

Central Bank Apprentice Mock Test - 4 - Question 7
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Direction: Read the following passages carefully and answer the question that follows.
The harbor was abuzz. People were wandering here and there, screwing their eyes up to the horizon, checking to see if the ship had arrived. Not just any ship of course there were plenty of those to be seen on the waters, bobbing elegantly but this was the "Tuscany", from America. Nothing to boast of as far as the ship itself was concerned. Just the cargo she carried. Finally, a ship arrived, slowly, painstakingly, with two men, seen as little specks on the deck.

Q. 'Screwing their eyes upto the horizon' means?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 7

'Screwing their eyss' literally means that people were waiting, eagerly looking at the direction which ship arrived, but not for waters nor sun.

Central Bank Apprentice Mock Test - 4 - Question 8
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Direction: Read the following passages carefully and answer the question that follows.
The harbor was abuzz. People were wandering here and there, screwing their eyes up to the horizon, checking to see if the ship had arrived. Not just any ship of course there were plenty of those to be seen on the waters, bobbing elegantly but this was the "Tuscany", from America. Nothing to boast of as far as the ship itself was concerned. Just the cargo she carried. Finally, a ship arrived, slowly, painstakingly, with two men, seen as little specks on the deck.

People were wandering here and there explains ?
1. People were eagerly waiting for ship to arrive at the harbour
2. People were waiting for cargo carried by the ship.
Q. Which of the statement are true ? select the code given below .
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 8

People are anxious to receive their cargo that which is going to be arrived on the harbour So, both the statements are true.

Central Bank Apprentice Mock Test - 4 - Question 9
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Which Microsoft Office program is used for creating presentations with slides?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 9
Microsoft PowerPoint is the program used for creating presentations with a series of slides. It allows for the addition of visual and audio elements to enhance presentations.
Central Bank Apprentice Mock Test - 4 - Question 10
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What is the purpose of bookmarks in the context of web browsing?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 10

​​​​​​​Bookmark:

  • A bookmark is a feature of the web browser that sends your browser to a certain webpage.
  •  A bookmark, also known as an electronic bookmark, is a method of saving the title, URL address, and favicon of the corresponding page for future reference.
  • In most browsers, you need to press a shortcut key from the keyboard Ctrl + D to bookmark the page you are viewing.
Central Bank Apprentice Mock Test - 4 - Question 11
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In the case of premature closure of a deposit for a non-resident claimant before maturity, what happens if the deposit has not completed the minimum period of one year?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 11
If a non-resident claimant prematurely closes a deposit before it completes the minimum period of one year, no interest is payable on the deposit amount. This means that in such a scenario, the depositor will not receive any interest on the amount being claimed prematurely.
Central Bank Apprentice Mock Test - 4 - Question 12
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How is interest calculated on a deposit claimed after the maturity date for a resident claimant?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 12
For a resident claimant who claims a deposit after the maturity date, the foreign currency deposit proceeds are initially converted into Rupees. Subsequently, interest is paid on the Rupee amount for the period from the date of maturity until the date of payment, at a rate applicable to domestic deposits of similar maturity.
Central Bank Apprentice Mock Test - 4 - Question 13
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How many individuals can jointly open a deposit account according to the operations of a Joint Account?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 13
According to the operations of a Joint Account, a deposit account can be opened by multiple individuals, up to a maximum of four persons. This account can be operated by a single individual or by more than one individual jointly, and the mandate for operating the account can be modified with the consent of all the joint account holders.
Central Bank Apprentice Mock Test - 4 - Question 14
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Which type of account will be considered inoperative if there have been no operations for a period of 2 years and above, except for specific activities like debiting charges or crediting interest?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 14
An account, whether Current or Savings, will be classified as inoperative if there have been no operations for a period exceeding 2 years, apart from certain activities like charges debited or interest credited. It is crucial for account holders to be aware of this classification to avoid any inconvenience or additional charges associated with inoperative accounts.
Central Bank Apprentice Mock Test - 4 - Question 15
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What right entitles a depositor to have information about the price, quality, quantity, and standard of the products/services offered by the bank to make an independent decision?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 15
The correct answer is Option C: Right to Information. This right empowers depositors to access essential information regarding the products and services provided by the bank. By having this knowledge, depositors can make informed decisions about their financial dealings. This right ensures transparency and accountability in the banking system, allowing depositors to understand and choose services that align with their needs and preferences. ---
Central Bank Apprentice Mock Test - 4 - Question 16
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What happens to the interest in the event of the death of a depositor before the maturity date of a deposit, and the amount is claimed after the maturity date?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 16
The correct answer is Option B: Interest is paid at the contracted rate till the date of maturity. In such a scenario, the bank will pay interest at the agreed-upon rate until the maturity date of the deposit. After the maturity date, the bank will pay simple interest at the prevailing rate until the actual payment date. This ensures that the interest accrued on the deposit is appropriately compensated to the legal heirs or representatives of the deceased depositor. ---
Central Bank Apprentice Mock Test - 4 - Question 17
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How does the bank handle the settlement of claims for a deceased depositor in the absence of a nomination and with no disputes among the claimants?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 17
The correct answer is Option C: Settle the claim to the legal heirs after observing all the formalities. In cases where there is no nomination and no disputes among the claimants, the bank will proceed to settle the claim by distributing the funds to the legal heirs of the deceased depositor. This process involves following specific formalities to ensure the rightful distribution of the deposit amount in accordance with legal requirements. ---
Central Bank Apprentice Mock Test - 4 - Question 18
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What core role do depositors play in the banking business?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 18
The correct answer is Option C: Forming the core for banking business. Depositors are fundamental to the banking industry as they provide the essential financial resources that banks utilize for various operations and services. Deposits serve as the primary source of funding for banks, enabling them to lend money, invest, and conduct other financial activities. Recognizing the significance of depositors is crucial for maintaining a sustainable and effective banking system.
Central Bank Apprentice Mock Test - 4 - Question 19
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What is the primary business activity of a bank ?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 19

The primary business activity of a bank includes receiving deposits of money, lending money, and processing transactions. This core function distinguishes banks from other financial institutions and forms the basis of their operations.

Central Bank Apprentice Mock Test - 4 - Question 20
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What aspect of the Pradhan Mantri Awas Yojana (PMAY) emphasizes the use of sustainable and eco-friendly technologies for construction?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 20
The Pradhan Mantri Awas Yojana (PMAY) emphasizes the use of sustainable and eco-friendly technologies for construction as part of its implementation strategy. This focus ensures that housing projects under the scheme are built using practices that promote environmental sustainability and reduce the carbon footprint of urban development initiatives.
Central Bank Apprentice Mock Test - 4 - Question 21
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What is the primary eligibility requirement for individuals applying for Home Improvement Loans ?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 21

Individuals applying for Home Improvement Loans are required to have regular income from Agriculture/Profession/Trade, Business, or Salary in case of employment, as stated in the provided information. This ensures that the applicants have a stable income to support the loan repayment process effectively.

Central Bank Apprentice Mock Test - 4 - Question 22
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What is the maximum loan amount provided for furnishing a house/flat ?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 22

The maximum loan amount for furnishing a house/flat can go up to Rs. 10 lakhs, although some banks may offer amounts up to this limit. It is important to consider various factors such as the nature of repair/renovation while determining the loan amount.

Central Bank Apprentice Mock Test - 4 - Question 23
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Who is eligible for Auto/Vehicle Loans ?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 23

Individuals eligible for Auto/Vehicle Loans include those in confirmed service in government, public sector undertakings, reputed private organizations, and institutions. This loan is also available for professional and self-employed individuals, provided they meet certain criteria like a minimum take-home pay and specific purposes for the loan.

Central Bank Apprentice Mock Test - 4 - Question 24
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What is the margin requirement for new cars while availing Auto/Vehicle Loans ?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 24

The margin requirement for new cars when obtaining Auto/Vehicle Loans is typically 10%. It is essential to understand these specific requirements as they can vary depending on the type of vehicle being financed and the policies of different banks offering such loans.

Central Bank Apprentice Mock Test - 4 - Question 25
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What is the maximum moratorium period allowed by banks for repayments or collections ?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 25

Banks typically allow a maximum moratorium period of 3 months for repayments or collections. This period gives borrowers some flexibility in managing their finances before they need to start making regular payments on the loan. Understanding the terms related to repayments is crucial for borrowers to plan their finances effectively.

Central Bank Apprentice Mock Test - 4 - Question 26
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What is a common characteristic of personal loans from public sector banks in comparison to private sector banks?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 26
Personal loans from public sector banks are typically unsecured in nature and are backed by personal guarantees only. This contrasts with private sector banks, which may adopt a more aggressive approach in this segment. Unsecured personal loans do not require collateral, relying instead on the borrower's creditworthiness and personal guarantee for repayment.
Central Bank Apprentice Mock Test - 4 - Question 27
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What is the maximum typical loan duration for 4-wheelers for individuals seeking a loan?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 27
Individuals seeking a loan for 4-wheelers typically have a maximum loan duration of 7 years. This duration is a standard practice in many cases for such loans, ensuring that borrowers have a reasonable period to repay the loan amount without undue burden.
Central Bank Apprentice Mock Test - 4 - Question 28
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Who are some of the eligible individuals for personal loans ?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 28

High net worth professionals, regular pensioners, and family pensioners drawing monthly pensions through a bank are among the eligible individuals for personal loans. These individuals typically have a stable income source, making them favorable candidates for loan approval.

Central Bank Apprentice Mock Test - 4 - Question 29
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What type of loans vary in amount depending on the schemes developed by each bank and the target group?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 29

Clean/Unsecured loans vary in amount depending on the schemes developed by each bank and the target group. The flexibility in loan amounts allows banks to cater to a diverse range of borrowers and financial needs, making such loans accessible to a broader audience.

Central Bank Apprentice Mock Test - 4 - Question 30
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What is the purpose of the Indian Banks' Association Model Educational Loan Scheme?
Detailed Solution for Central Bank Apprentice Mock Test - 4 - Question 30
The Indian Banks' Association Model Educational Loan Scheme aims to provide guidelines for banks regarding the disbursement of educational loans. It sets out the modalities to be followed by banks to ensure a uniform approach in granting educational loans as per the prescribed guidelines. This initiative helps standardize the process and criteria for providing financial assistance to students pursuing higher education.
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