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Central Bank Apprentice Mock Test - 10 - Bank Exams MCQ


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30 Questions MCQ Test - Central Bank Apprentice Mock Test - 10

Central Bank Apprentice Mock Test - 10 for Bank Exams 2024 is part of Bank Exams preparation. The Central Bank Apprentice Mock Test - 10 questions and answers have been prepared according to the Bank Exams exam syllabus.The Central Bank Apprentice Mock Test - 10 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 - 10 below.
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Central Bank Apprentice Mock Test - 10 - Question 1
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Find the greatest 4-digit number which is a perfect square.

Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 1

By division method we find the root of 9999 and we get the remainder 198.So subtracting 198 from 9999 we get 9801 as the greatest 4-digit perfect square. 

Central Bank Apprentice Mock Test - 10 - Question 2
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An observer 1.6 m tall is 20√3 away from a tower. The angle of elevation from his eye to the top of the tower is 30º. The heights of the tower is:

Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 2

Let AB be the observer and CD be the tower.

Draw BE ⊥ CD.

Then, CE = AB = 1.6 m,

BE = AC = 20√3 m.

∴ CD = CE + DE = (1.6 + 20) m = 21.6 m.

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Central Bank Apprentice Mock Test - 10 - Question 3
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The sum of two numbers is 25 and their difference is 13. Find their product.

Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 3

Let us assume the numbers are a and b.
According to question,
sum of two numbers = 25
a + b = 25......................(1)
difference of two numbers = 13
a - b = 13........................(2)
add the Equation (1) and (2)
a + b+ a - b = 25 + 13
⇒ 2a = 38
⇒ a = 19
Put the value of a in equation in (1)
19 + b = 25
⇒ b = 25 - 19
⇒ b = 6
Product of the numbers = a x b
put the value of a and b,
⇒ Product of the numbers = 19 x 6
⇒ Product of the numbers = 114

Central Bank Apprentice Mock Test - 10 - Question 4
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If '-' stands for '÷', '+' stands for 'x', '÷' stands for '-' and 'x' stands for '+', find out which one is correct?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 4

From option (b),
49 - 7 + 3 ÷ 5 x 8 = 24
Change the sign, as per the question,
49 ÷ 7 x 3 - 5 + 8 = 24
⇒ 7 x 3 - 5 + 8 = 24
⇒ 21 - 5 + 8 = 24
∴ 24 = 24

Central Bank Apprentice Mock Test - 10 - Question 5
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Find the odd number / letters / word from the given alternative.
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 5

All others are units for measuring weights.

Central Bank Apprentice Mock Test - 10 - Question 6
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If A is 5cm west of B. C is 4cm east of D. E is 3cm north of C. D is 8cm south of B. F is 4cm south of C, then what is the shortest distance between B and E?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 6

From the information given in the question we get the following arrangement:

Using Pythagoras theorem, we get
BE2 = 52 + 42
BE2 = 25 + 16
BE = √41 cm
Hence, Option E is correct.

Central Bank Apprentice Mock Test - 10 - 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.
Shouldn't we then live in harmony with nature and evolve with it? Our brains, too, are wired to enjoy the beauty of nature. No man-made systems can complete with the joy and well-being. we feel in observing nature's display all year round. We recover rapidly from physical stress when exposed to pleasing natural environmental beauty. We take holidays amidst natural scenic wonders and we retreat to nature to recover and recoup from stress. Yet, we choose to destroy nature with our wasteful lifestyles and our burgeoning population. We use natural resources inefficiently and destroy them for technological development. We think we can change the natural resources inefficiently and destroy them for technological development. We think we can change the natural tapestry, and have even started playing God !

Q. How can we live in harmony with nature?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 7

The author suggests that we should live in harmony with nature. And we can do so by not destroying it.

Central Bank Apprentice Mock Test - 10 - 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.
Shouldn't we then live in harmony with nature and evolve with it? Our brains, too, are wired to enjoy the beauty of nature. No man-made systems can complete with the joy and well-being. we feel in observing nature's display all year round. We recover rapidly from physical stress when exposed to pleasing natural environmental beauty. We take holidays amidst natural scenic wonders and we retreat to nature to recover and recoup from stress. Yet, we choose to destroy nature with our wasteful lifestyles and our burgeoning population. We use natural resources inefficiently and destroy them for technological development. We think we can change the natural resources inefficiently and destroy them for technological development. We think we can change the natural tapestry, and have even started playing God !

Q. What is the human weakness?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 8

Nature has given us everything to survive on this Earth. But human lifestyle does not allow him to nature efficiently and not to destroy nature for his personal use.

Central Bank Apprentice Mock Test - 10 - Question 9
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LAN, WAN and MAN are computer networks covering different areas. Their first alphabets L, W and M respectively stand for:
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 9

(a) Local area network (LAN) covers a limited geographical area, typically within a single building or a few buildings.

(c) Wide area network (WAN) spans a large geographical area, connecting multiple LANs or other networks across cities, countries, or even continents.

(c) Metropolitan area network (MAN) is in between LAN and WAN in terms of size, covering a larger area than a LAN but smaller than a WAN, typically serving a city or a metropolitan area.

Central Bank Apprentice Mock Test - 10 - Question 10
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What does URL stand for?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 10

URL is the address used to identify resources on the internet. It specifies the location of a resource and the protocol to be used for accessing it, such as "http://" or "https://".

Central Bank Apprentice Mock Test - 10 - Question 11
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What is a common requirement when opening a current account in a bank?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 11
When opening a current account in a bank, one common requirement is to obtain a Permanent Account Number (PAN) from the person opening the account. A PAN is a unique 10-character alphanumeric identification number assigned by the Income Tax Department in India. It is essential for financial transactions and helps in ensuring compliance with tax regulations.
Central Bank Apprentice Mock Test - 10 - Question 12
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When can loans or overdrafts against deposits be sanctioned by a bank ?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 12

Banks can sanction loans or overdrafts against deposits by charging interest at rates announced by the bank from time to time. This practice allows depositors to leverage their deposits as collateral for obtaining loans, with the interest rates for such loans determined by the bank's announcements.

Central Bank Apprentice Mock Test - 10 - Question 13
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What is the protocol for renewing an FCNR (B) deposit if the overdue period exceeds 14 days?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 13
When the overdue period of an FCNR (B) deposit exceeds 14 days, the renewal of the deposit from the date of maturity is prohibited. In such cases, if the depositor places the entire maturity proceeds of the overdue deposit or a portion thereof, a new FCNR (B) deposit can be created, and simple interest will be paid for the overdue period on the amount placed.
Central Bank Apprentice Mock Test - 10 - Question 14
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How are customers classified based on their relationship with an organization ?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 14

Customers are classified into internal and external categories based on their relationship with the organization. Internal customers work within the same organization as the supplier, while external customers are not part of the same organization. This distinction helps in understanding different customer dynamics and interactions.

Central Bank Apprentice Mock Test - 10 - Question 15
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Who becomes the natural guardian of a minor married girl ?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 15

In the case of a minor married girl, her husband is considered the natural guardian. This legal designation reflects the traditional role and responsibility assigned to the husband in such circumstances.

Central Bank Apprentice Mock Test - 10 - Question 16
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What should a bank do in terms of trustee appointments when dealing with a trust ?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 16

When handling a trust, banks should be clear on who will operate the account if there are multiple trustees involved. This clarity helps ensure smooth account management and prevents confusion or disputes regarding the authority to conduct transactions on behalf of the trust. Establishing clear operational roles among trustees is crucial for maintaining effective trust administration.

Central Bank Apprentice Mock Test - 10 - Question 17
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Under what circumstances can a court appoint a guardian for a minor ?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 17

The court may appoint a guardian for a minor if, in the court's opinion, the father is unfit to be one. This legal provision ensures the well-being and protection of the minor in cases where the father is deemed unsuitable for guardianship.

Central Bank Apprentice Mock Test - 10 - Question 18
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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 - 10 - Question 18
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 - 10 - Question 19
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What is a key requirement regarding the number of members for a public limited company?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 19
A public limited company is required to have a minimum of seven members as per legal regulations. This minimum number is set to ensure a diverse and responsible governance structure within the company. It allows for broader representation and decision-making processes involving a larger group of individuals.
Central Bank Apprentice Mock Test - 10 - Question 20
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What is the primary purpose of Electronic Clearing Services (ECS Debit)?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 20
Electronic Clearing Services (ECS Debit) primarily serves the purpose of enabling small value payments from consumers to big organizations or companies. This method eliminates the need for paper and instead facilitates payments through banks, corporates, or government departments. It is mainly used for individual payments like telephone bills, electricity bills, online and card payments, and insurance payments.
Central Bank Apprentice Mock Test - 10 - Question 21
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Which organization operates the National Automated Clearing House (NACH) in India?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 21
The National Automated Clearing House (NACH) in India is operated by the National Payments Corporation of India (NPCI). NACH facilitates various types of transactions, including bulk payments of dividends, interest, salaries, pensions, and more, across different banks and financial institutions in the country.
Central Bank Apprentice Mock Test - 10 - Question 22
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What distinguishes Local ECS from Regional ECS and National ECS?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 22
Local ECS operates at specific locations across the country, generally covering one city and its adjoining suburbs. In contrast, Regional ECS extends its coverage to all core-banking-enabled branches within a State or group of States. This allows institutions to reach beneficiaries within the designated region efficiently.
Central Bank Apprentice Mock Test - 10 - Question 23
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What is the key function of ECS in terms of facilitating transactions between bank accounts?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 23
ECS plays a crucial role in facilitating bulk transfer of funds from one bank account to many bank accounts or vice versa. This mechanism is particularly useful for institutions that need to make repetitive and periodic payments such as salary disbursements, dividend distributions, bill payments, investments, and premium collections.
Central Bank Apprentice Mock Test - 10 - Question 24
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What is a significant advantage of following a standardized approach in retail loan processing?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 24
Implementing a standardized approach in retail loan processing ensures uniform quality throughout the appraisal process. This standardization helps in maintaining consistency, reducing errors, and improving overall efficiency in evaluating loan applications.
Central Bank Apprentice Mock Test - 10 - Question 25
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How can the outstanding amount on a credit card be repaid if not paid in full on or before the due date ?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 25

If the outstanding amount on a credit card is not paid in full on or before the due date, one option is to convert the outstanding amount into a loan and repay it in equated monthly installments (EMIs). This allows the cardholder to spread out the repayment over a period of time, making it more manageable.

Central Bank Apprentice Mock Test - 10 - Question 26
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What type of transactions will new credit and debit cards issued by banks be limited to according to the Reserve Bank of India's guidelines effective from October 1, 2020?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 26
The new guidelines by the Reserve Bank of India mandate that all new credit and debit cards issued by banks will only be enabled for domestic transactions at ATMs and point of sale (PoS) terminals. This measure aims to enhance the security and convenience of transactions made through these cards within the country.
Central Bank Apprentice Mock Test - 10 - Question 27
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What is the key advantage of using the NEFT (National Electronic Fund Transfer) system for transferring funds?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 27
One of the key advantages of using the NEFT system for fund transfers is its round-the-clock availability. NEFT operates 24x7, 365 days a year, allowing individuals to initiate fund transfers at any time, even outside regular banking hours. This feature provides flexibility and convenience to users.
Central Bank Apprentice Mock Test - 10 - Question 28
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What distinguishes the ECS Credit as a payment method in India?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 28
One distinguishing feature of the ECS Credit in India is that it operates as a "Credit-push" facility or a one-to-many facility. Unlike a "debit-pull" method, where the receiver initiates the transaction, the ECS Credit involves the sender institution pushing the payment to the receiver's account. This characteristic makes it suitable for large-value or bulk payments.
Central Bank Apprentice Mock Test - 10 - Question 29
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What is the maximum tenor for transactions in the money market?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 29
In the money market, transactions have a maximum tenor of one year. This means that all transactions within the money market are for a duration of up to one year, catering to short-term investment needs and liquidity management.
Central Bank Apprentice Mock Test - 10 - Question 30
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Which type of market is predominantly overnight and limited to scheduled commercial banks and primary dealers?
Detailed Solution for Central Bank Apprentice Mock Test - 10 - Question 30
The call money market is predominantly overnight and is open only to scheduled commercial banks and primary dealers. This market facilitates uncollateralized lending and borrowing of funds for very short durations, typically for one working day.
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