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Central Bank Apprentice Mock Test - 6 - Bank Exams MCQ


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30 Questions MCQ Test - Central Bank Apprentice Mock Test - 6

Central Bank Apprentice Mock Test - 6 for Bank Exams 2024 is part of Bank Exams preparation. The Central Bank Apprentice Mock Test - 6 questions and answers have been prepared according to the Bank Exams exam syllabus.The Central Bank Apprentice Mock Test - 6 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 - 6 below.
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Central Bank Apprentice Mock Test - 6 - Question 1
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How much tea, costing Rs. 400 per kg, should be added to 150 kg of tea costing Rs. 100 per kg so that the mixture be worth Rs. 150 per kg?

Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 1


Tea costing Rs. 400/ kg : Tea costing Rs. 100/kg = 50 : 250 = 1 : 5

Hence, Option A is correct.

Central Bank Apprentice Mock Test - 6 - Question 2
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In a game of 100 points, A can give B 20 points and C 28 points. Then, B can give C:

Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 2

A : B = 100 : 80.
A : C = 100 : 72.


∴ B can give C 10 points.

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Central Bank Apprentice Mock Test - 6 - Question 3
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Direction: The following line graph gives the annual percent profit earned by a Company during the period 1995 - 2000.

Q. If the profit in 1999 was ₹ 4 crores, what was the profit in 2000?

Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 3

From the line-graph we obtain information about the percentage profit only. To find the profit in 2000 we must have the data for the income or expenditure in 2000.

Therefore, the profit for 2000 cannot be determined.

Central Bank Apprentice Mock Test - 6 - Question 4
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Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements.
Mark answer :

I. There has been a high increase in the incidents of atrocities against women in the city during the past few months.
II. The police authority has been unable to nab the culprits who are committing crime against women.
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 4

An increase in the cases of atrocities on women and the police being unable to nab the culprits involved in the same are independent happenings in themselves.

Central Bank Apprentice Mock Test - 6 - Question 5
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Direction: Study the following instructions carefully and then answer the questions that follow.

In making decisions about important questions it is desirable that a candidate is able to distinguish between 'strong' and 'weak' arguments so far as they relate to the questions.

'Weak' arguments may not be directly related to the questions and may be of minor importance or may be related to the trivial aspect of the question.

Each question below is followed by two arguments I and II. You have to decide which of the arguments is a 'strong' argument and which is a 'weak' argument.

Statement: Should cottage industries be encouraged in rural areas?

Arguments: 

(I) Yes, rural people are creative.

(II) Yes, this would help to solve the problem of unemployment to some extent.
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 5

Clearly, Cottage industries need to be promoted to create more job opportunities for rural people in the villages themselves. The reason that rural people are creative in vague. So, only argument II holds.

Central Bank Apprentice Mock Test - 6 - Question 6
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Direction: In each question below is given a statement followed by two assumption numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumption and decide which of the assumption is implicit in the statement.

Statement:
We grew up in joint families, which meant less space for the individual.
Assumptions:
I. Big houses were unknown in the past.
II. One has to make much adjustment in a joint family.
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 6

Here "less space" does not imply physical space so much. Instead, it implies less freedom.

Central Bank Apprentice Mock Test - 6 - Question 7
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Direction: Read the following passage carefully and answer the questions. Your answer to these questions should be based on passage only.
Mandela recollects that it was almost impossible for a black man in south Africa to fulfill his obligation to his family and society because of the system of apartheid practiced by the white rulers. He began to hanker after freedom when he realized that his freedom had been taken away from him when he reached manhood. He yearned for the basic and honorable freedoms of achieving his potential, of marrying, having a family-the freedom not to be obstructed in a lawful life. When Mandela realized that not only his freedom was curtailed, but the freedom of everyone who looked like him was also curtailed. That's when he joined the African national Congress and that is when the hunger for his own freedom became the greater hunger for the freedom of his people.

Q. What was the realization of Mandela?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 7

Mandela realized that he was a block one and his freedom had been curtailed. He suffered because of racial discrimination.

Central Bank Apprentice Mock Test - 6 - Question 8
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Direction: Read the following passage carefully and answer the questions. Your answer to these questions should be based on passage only.
Mandela recollects that it was almost impossible for a black man in south Africa to fulfill his obligation to his family and society because of the system of apartheid practiced by the white rulers. He began to hanker after freedom when he realized that his freedom had been taken away from him when he reached manhood. He yearned for the basic and honorable freedoms of achieving his potential, of marrying, having a family-the freedom not to be obstructed in a lawful life. When Mandela realized that not only his freedom was curtailed, but the freedom of everyone who looked like him was also curtailed. That's when he joined the African national Congress and that is when the hunger for his own freedom became the greater hunger for the freedom of his people.

Q. Whose concern does this passage voice?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 8

In this passage, we find that the black people were not able to enjoy their freedom. Their freedom had been curtailed. Options like (a), (c) and (d) are partially suitable but not fully.

Central Bank Apprentice Mock Test - 6 - Question 9
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Which CTRL + SHIFT shortcut is used to change the font size in Word?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 9
To change the font size in Word using a CTRL + SHIFT shortcut, you can use CTRL + SHIFT + P.
Central Bank Apprentice Mock Test - 6 - Question 10
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Python is a _______.
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 10

Python is a high-level language.

  • Python
    • It is a high-level language.
    • It allows programming in Object-Oriented and Procedural paradigms. 
    • The language was created by Guido van Rossum.
    • It was first released in 1991.
    • It is used for web development (server-side), software development, mathematic, and system scripting.
    • It can work on platforms like Windows, Mac, Linux, Raspberry Pi, etc
Central Bank Apprentice Mock Test - 6 - Question 11
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In the context of banking regulations for minors, what is the significance of a minor's representation as a major in a contract?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 11
When a minor falsely represents themselves as a major in a contract and later seeks to repudiate the contract on the grounds of being a minor, the minor is obligated to return any benefits obtained through the contract. This legal principle aims to protect the interests of the parties involved and ensure fairness in contractual dealings. It underscores the importance of honesty and transparency in contractual agreements, especially when minors are concerned.
Central Bank Apprentice Mock Test - 6 - Question 12
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What precaution must a banker take when opening an account for an illiterate person?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 12
When opening an account for an illiterate person, one crucial precaution that a banker must take is to attest the photograph of the illiterate person. This procedure involves having a responsible person validate the identity by attesting to the accuracy of the photograph. This acts as a measure to ensure the identification of the illiterate customer, especially in situations where written signatures may not be feasible due to the customer's literacy constraints.
Central Bank Apprentice Mock Test - 6 - Question 13
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In the context of a minor's involvement in a partnership, what liability does a minor typically bear?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 13
In a partnership where a minor is involved, the minor typically does not bear liability for the debts of the partnership. This is due to the legal principle that minors are not fully capable of entering into contracts that would make them personally liable for obligations. However, it is important to note that a minor can be admitted to a partnership with the consent of the other partners. Within six months of becoming a major, the minor must either repudiate their liability as a partner or they can be held liable for the debts of the partnership.
Central Bank Apprentice Mock Test - 6 - Question 14
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According to the Indian Contract Act of 1872, which of the following individuals can open a bank account without any legal disability?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 14
In accordance with the Indian Contract Act of 1872, a married woman is not considered to have any legal disability when it comes to opening a bank account. She has the authority to enter into valid contracts, including opening a bank account, drawing cheques, and endorsing them like any other customer. However, it is essential for the banker to gather details about her husband while opening the account, and credit should be granted to her only after a thorough appraisal. Unlike minors and pardanashin women who may face legal constraints, a married woman can engage in financial transactions independently.
Central Bank Apprentice Mock Test - 6 - Question 15
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Under what circumstances can a husband be held liable for the debts incurred by his wife?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 15
According to the principles outlined by the Indian Contract Act of 1872, a husband can be held liable for the debts incurred by his wife only if the debt is for the necessaries of life. In such cases, where the debt is essential for maintaining basic living standards or supporting the family, the husband may be considered responsible for the incurred debts. This legal provision aims to ensure that spouses fulfill their obligations towards each other with regard to necessary expenses.
Central Bank Apprentice Mock Test - 6 - Question 16
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What key consideration applies to contracts entered into by a pardanashin woman?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 16
One significant consideration that applies to contracts entered into by a pardanashin woman is the possibility of undue influence. Due to the potential social or familial pressures that these women may face, there is a concern that their agreements or contracts might not be made freely or with a complete understanding of the terms involved. This factor underscores the importance of ensuring that contracts with pardanashin women are entered into voluntarily and without any undue influence affecting their decision-making process.
Central Bank Apprentice Mock Test - 6 - Question 17
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According to the Indian Contract Act of 1872, what is the legal status of a contract entered into by a person of unsound mind with a bank?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 17
As per the Indian Contract Act of 1872, a person of unsound mind is deemed incompetent to contract. Therefore, any contract entered into by a person of unsound mind with a bank is not enforceable. This provision aims to protect individuals who are not capable of understanding the terms and implications of a contract due to their mental condition.
Central Bank Apprentice Mock Test - 6 - Question 18
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How are trustees expected to act when managing a trust, based on the guidelines provided in the Indian Trust Act of 1882?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 18
According to the Indian Trust Act of 1882, trustees are usually expected to act jointly when managing a trust. This means that major decisions and actions related to the trust should typically be made collectively by all trustees involved. Joint management helps ensure transparency, accountability, and shared responsibility among trustees.
Central Bank Apprentice Mock Test - 6 - Question 19
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What document is typically used to establish a trust, as outlined in the Indian Trust Act of 1882?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 19
In accordance with the Indian Trust Act of 1882, trusts are typically formed by a document known as the Trust Deed. This legal document outlines the terms, conditions, and provisions of the trust, including the responsibilities and powers of the trustees, the beneficiaries, and other relevant details governing the trust's operation.
Central Bank Apprentice Mock Test - 6 - Question 20
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How does the use of impersonal appraisal standards benefit the retail loan processing system?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 20
Utilizing impersonal appraisal standards in retail loan processing ensures fairness and consistency in evaluating loan applications. By removing subjective biases, impersonal standards promote equal treatment for all customers, enhancing the credibility and reliability of the appraisal process.
Central Bank Apprentice Mock Test - 6 - Question 21
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What does a credit card typically authorize the cardholder to do?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 21
A credit card primarily authorizes the cardholder to charge purchases or services to their account. This means that the cardholder can make transactions up to a certain credit limit without having to pay immediately. It's important to manage credit card spending responsibly to avoid accumulating debt and to maintain a good credit score.
Central Bank Apprentice Mock Test - 6 - Question 22
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What is the usual size of a standard credit card?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 22
The typical size of a standard credit card is 3-1/8 inches by 2-1/8 inches. This size is standardized to ensure compatibility with card readers and wallets. The dimensions are designed for convenience and portability, allowing cardholders to easily carry and use their credit cards for transactions.
Central Bank Apprentice Mock Test - 6 - Question 23
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What is the typical method of disbursement for a loan used to purchase a vehicle ?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 23

In the context described, the typical method of disbursement for a loan used to purchase a vehicle involves transferring the funds directly to the Dealer/ Suppliers, with invoice/receipts obtained for record. This method ensures transparency and accountability in the transaction process. By directly disbursing the amount to the dealer or supplier, the lender can verify that the loan proceeds are being utilized for the intended purpose of buying the vehicle.

Central Bank Apprentice Mock Test - 6 - Question 24
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What kind of information does a credit card usually contain for identification purposes?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 24
For identification purposes, a credit card typically contains a signature or picture. This information helps verify the identity of the cardholder when making purchases or transactions. Cardholders are often required to sign the back of their credit cards as an additional security measure to prevent unauthorized use.
Central Bank Apprentice Mock Test - 6 - Question 25
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How are credit card charges usually billed to the cardholder?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 25
Credit card charges are typically billed to the cardholder on a monthly basis. Cardholders receive a monthly statement detailing their transactions, outstanding balance, minimum payment due, and payment due date. It's important for cardholders to review their statements regularly, monitor their spending, and make timely payments to avoid late fees and interest charges.
Central Bank Apprentice Mock Test - 6 - Question 26
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When were Credit Cards first introduced in the United States?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 26
Credit Cards were first introduced in the United States in the 1950s. The first universal credit card that could be used at various stores and businesses was introduced by Diner's Club Inc. in 1950, marking a significant milestone in the history of credit cards.
Central Bank Apprentice Mock Test - 6 - Question 27
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What is the main difference between proprietary format credit cards and cobranded format credit cards?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 27
The main difference between proprietary format credit cards and cobranded format credit cards is that cobranded cards involve partnerships or tie-ups with external companies such as hotels, airlines, or oil companies. This collaboration allows the credit cards to be offered as a joint product with the brand name of the partnered company also displayed on the card.
Central Bank Apprentice Mock Test - 6 - Question 28
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Which bank originally started the BankAmericard, which eventually became Visa?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 28
Bank of America originally started the BankAmericard on a statewide basis in California in 1959, which later evolved into Visa. This initiative paved the way for the development of a widely accepted credit card system that transformed the way people make payments globally.
Central Bank Apprentice Mock Test - 6 - Question 29
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What determines the upper limit up to which credit cards can be used?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 29
The upper limit up to which credit cards can be used is determined by the Card Limit. This limit sets the maximum amount that cardholders can spend using their credit cards. It is essential for cardholders to be mindful of their Card Limit to avoid exceeding their credit capacity and incurring additional charges or penalties.
Central Bank Apprentice Mock Test - 6 - Question 30
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What characteristic distinguishes stocks as investment products in the market?
Detailed Solution for Central Bank Apprentice Mock Test - 6 - Question 30
Stocks are investment products that represent equity ownership in publicly traded companies. Investors who purchase stocks become shareholders in the company, giving them ownership rights and potential returns based on the company's performance. Stocks are typically analyzed based on various factors like future earnings estimates and price-to-earnings ratios. Additionally, stocks can offer dividends, which provide shareholders with a portion of the company's profits.
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