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SBI CBO Mock Test - 3 - Bank Exams MCQ


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30 Questions MCQ Test - SBI CBO Mock Test - 3

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SBI CBO Mock Test - 3 - Question 1

Suspicious as they are of American intentions, and bolstered by court rulings that seem to give them license to seek out and publish any and all government secrets, the media‘s distrust of our government, combined with their limited understanding of the world at large, damages our ability to design and conduct good policy in ways that the media rarely imagine.

The leak through which sensitive information flows from the government to the press is detrimental to policy in so far as it almost completely precludes the possibility of serious discussion. The fear that anything they say, even in what is construed as a private forum, may appear in print, makes many people, whether our own government officials or the leaders of foreign countries, unwilling to speak their minds.

Must we be content with the restriction of our leaders‘ policy discussions to a handful of people who trust each other, thus limiting the richness and variety of ideas that could be brought forward through a larger group because of the nearly endemic nature of this problem? It is vitally important for the leaders of the United States to know the real state of affairs internationally, and this can occur only if foreign leaders feel free to speak their minds to our diplomats.

Until recently, it looked as if the media had convinced the public that journalists were more reliable than the government; however, this may be changing. With the passage of time, the media have lost lustre. They—having grown large and powerful—provoke the same public skepticism that other large institutions in the society do. A series of media scandals has contributed to this. Many Americans have concluded that the media are no more credible than the government, and public opinion surveys reflect much ambivalence about the press.

While leaks are generally defended by media officials on the grounds of the public‘s ―right to know,in reality they are part of the Washington political power game, as well as part of the policy process. The "leaker" may be currying favour with the media, or may be planting information to influence policy. In the first case, he is helping himself by enhancing the prestige of a journalist; in the second, he is using the media as a stage for his preferred policies. In either instance, it closes the circle: the leak begins with a political motive, is advanced by a politicized media, and continues because of politics. Although some of the journalists think they are doing the work, they are more often than not instruments of the process, not prime movers. The media must be held accountable for their activities, just like every other significant institution in our society, and the media must be forced to earn the public‘s trust.

Direction: Read the above Paragraph and answer the following questions.
Q. Based on the information in the passage, with which of the following statements would the author most likely agree? 

Detailed Solution for SBI CBO Mock Test - 3 - Question 1

Mapping the Passage:

  • Para 1 argues that the media‘s suspicion of government and lack of knowledge about the world harm government policy.
  • Para 2 and 3 introduce the concept of the ―leak and explain why it‘s bad for foreign policy.
  • Para 4 states that the media was trusted by the public until recently, but are now met with skepticism.
  • Para 5 argues that leaks are usually part of a power grab and that the media is a pawn in the game.

Review the author‘s main arguments before looking for an answer choice that he agrees with.
Option (A)
recalls the author‘s point in Para 2: ―Leaders often say one thing in public and something quite different in public conversation. The author explains why this occurs—fear of media leaks—and clearly opposes such leaks. Therefore, the author must agree with (A)‘s contention that misinformation is sometimes warranted.

SBI CBO Mock Test - 3 - Question 2

Suspicious as they are of American intentions, and bolstered by court rulings that seem to give them license to seek out and publish any and all government secrets, the media‘s distrust of our government, combined with their limited understanding of the world at large, damages our ability to design and conduct good policy in ways that the media rarely imagine.

The leak through which sensitive information flows from the government to the press is detrimental to policy in so far as it almost completely precludes the possibility of serious discussion. The fear that anything they say, even in what is construed as a private forum, may appear in print, makes many people, whether our own government officials or the leaders of foreign countries, unwilling to speak their minds.

Must we be content with the restriction of our leaders‘ policy discussions to a handful of people who trust each other, thus limiting the richness and variety of ideas that could be brought forward through a larger group because of the nearly endemic nature of this problem? It is vitally important for the leaders of the United States to know the real state of affairs internationally, and this can occur only if foreign leaders feel free to speak their minds to our diplomats.

Until recently, it looked as if the media had convinced the public that journalists were more reliable than the government; however, this may be changing. With the passage of time, the media have lost lustre. They—having grown large and powerful—provoke the same public skepticism that other large institutions in the society do. A series of media scandals has contributed to this. Many Americans have concluded that the media are no more credible than the government, and public opinion surveys reflect much ambivalence about the press.

While leaks are generally defended by media officials on the grounds of the public‘s ―right to know, in reality they are part of the Washington political power game, as well as part of the policy process. The "leaker" may be currying favour with the media, or may be planting information to influence policy. In the first case, he is helping himself by enhancing the prestige of a journalist; in the second, he is using the media as a stage for his preferred policies. In either instance, it closes the circle: the leak begins with a political motive, is advanced by a politicized media, and continues because of politics. Although some of the journalists think they are doing the work, they are more often than not instruments of the process, not prime movers. The media must be held accountable for their activities, just like every other significant institution in our society, and the media must be forced to earn the public‘s trust. 

Direction: Read the above Paragraph and answer the following questions.
Q. Implicit in the author‘s argument that leaks result in far more limited and unreliable policy discussions with foreign leaders is the idea that:  

Detailed Solution for SBI CBO Mock Test - 3 - Question 2

Mapping the Passage:

  • Para 1 argues that the media‘s suspicion of government and lack of knowledge about the world harm government policy.
  • Para 2 and 3 introduce the concept of the ―leak and explain why it‘s bad for foreign policy.
  • Para 4 states that the media was trusted by the public until recently, but are now met with skepticism.
  • Para 5 argues that leaks are usually part of a power grab and that the media is a pawn in the game.

This question requires students to find the assumption in the lines mentioned. Review the author‘s argument in 2 Para that leaks harm discussions with foreign leaders. What is the author assuming in this argument?
The author argues that foreign leaders don‘t want their private thoughts to be made public, he must also, therefore, assume that leaders have some sort of reason for not wanting their views to be made public.
Option (D) provides a possible reason. If unclear, use the denial test: if leaders didn‘t have this fear, what would be their motivation for hiding their personal views?

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SBI CBO Mock Test - 3 - Question 3

Suspicious as they are of American intentions, and bolstered by court rulings that seem to give them license to seek out and publish any and all government secrets, the media‘s distrust of our government, combined with their limited understanding of the world at large, damages our ability to design and conduct good policy in ways that the media rarely imagine.

The leak through which sensitive information flows from the government to the press is detrimental to policy in so far as it almost completely precludes the possibility of serious discussion. The fear that anything they say, even in what is construed as a private forum, may appear in print, makes many people, whether our own government officials or the leaders of foreign countries, unwilling to speak their minds.

Must we be content with the restriction of our leaders‘ policy discussions to a handful of people who trust each other, thus limiting the richness and variety of ideas that could be brought forward through a larger group because of the nearly endemic nature of this problem? It is vitally important for the leaders of the United States to know the real state of affairs internationally, and this can occur only if foreign leaders feel free to speak their minds to our diplomats.

Until recently, it looked as if the media had convinced the public that journalists were more reliable than the government; however, this may be changing. With the passage of time, the media have lost lustre. They—having grown large and powerful—provoke the same public skepticism that other large institutions in the society do. A series of media scandals has contributed to this. Many Americans have concluded that the media are no more credible than the government, and public opinion surveys reflect much ambivalence about the press.

While leaks are generally defended by media officials on the grounds of the public‘s ―right to know, in reality they are part of the Washington political power game, as well as part of the policy process. The "leaker" may be currying favour with the media, or maybe planting information to influence policy. In the first case, he is helping himself by enhancing the prestige of a journalist; in the second, he is using the media as a stage for his preferred policies. In either instance, it closes the circle: the leak begins with a political motive, is advanced by a politicized media, and continues because of politics. Although some of the journalists think they are doing the work, they are more often than not instruments of the process, not prime movers. The media must be held accountable for their activities, just like every other significant institution in our society, and the media must be forced to earn the public‘s trust. 

Direction: Read the above Paragraph and answer the following questions.
Q. Based on the passage, when the media now challenge the actions of a public official, the public assumes that:  

Detailed Solution for SBI CBO Mock Test - 3 - Question 3

Mapping the Passage:

  • Para 1 argues that the media‘s suspicion of government and lack of knowledge about the world harm government policy.
  • Para 2 and 3 introduce the concept of the ―leak and explain why it‘s bad for foreign policy.
  • Para 4 states that the media was trusted by the public until recently, but are now met with skepticism.
  • Para 5 argues that leaks are usually part of a power grab and that the media is a pawn in the game.

Go back to Para 4 to review what the public thinks of the media. The author argues that the public is equally skeptical of media and government, saying that in the past, the public always assumed the media was right when it challenged the government, but that ―this may be changing.
Therefore, the public might now consider the possibility that the media, rather than the government, is wrong.
While the wrong answer choices distort this, option (C) rewards careful and methodical thought.

SBI CBO Mock Test - 3 - Question 4

Identify the incorrect sentence or sentences

A. It was a tough situation and Manasi was taking pains to make it better. 

B. Slowly her efforts gave fruit and things started improving. 

C. Everyone complemented her for her good work. 

D. She was very happy and thanked everyone.

Detailed Solution for SBI CBO Mock Test - 3 - Question 4

 Everyone complimented her for her good work.
The appropriate preposition should have been ‘on’ and not ‘for’. And so, the correct sentence should be:
Everyone complimented her on her good work.
Sometimes prepositions may be used in a sentence though they are not needed, so this is another kind of incorrect sentence that the examinee should be able to identify.

The correct answer is Option C. 

SBI CBO Mock Test - 3 - Question 5

"Could you fill me in?" means :

Detailed Solution for SBI CBO Mock Test - 3 - Question 5

Fill someone in (on someone or something).
To tell someone the details about someone or something.
Example: 
(i) Please fill me in on what happened last night.
(ii) Please fill in the committee on the details.

SBI CBO Mock Test - 3 - Question 6

Since the beginning of history

P: have managed to catch
Q: the Eskimos and Red Indians
R: by a very difficult method
S: a few specimens of this aquatic animal

The Proper sequence should be:

Detailed Solution for SBI CBO Mock Test - 3 - Question 6

The correct order will be:
Since the beginning of history → the Eskimos and Red Indians (Q)→ have managed to catch (P)→ a few specimens of this aquatic animal (S)→ by a very difficult method. (R)

SBI CBO Mock Test - 3 - Question 7

_________memories of past experiences allow new memories to bloom, much as__________leaves allow for new growth.

Detailed Solution for SBI CBO Mock Test - 3 - Question 7

If 'past experiences allow new memories to bloom/ the past experiences must essentially recede or go into the background, hence fading in the first blank.

For the comparison of fading memories (past experiences) to be consistent, it must refer to something that is going away—hence dying in the next blank.

Vocabulary:

Newfangled means: a new kind or fashion: newfangled ideas; fond of or given to novelty. Exfoliate means: to throw off scales or flakes; peel off in thin fragments: The bark of some trees exfoliates.

SBI CBO Mock Test - 3 - Question 8

After Sheetu ...... the magazines and novels, she decided to go out and meet some friends.        

Detailed Solution for SBI CBO Mock Test - 3 - Question 8

To determine the correct answer, let's analyze the sentence:
"After Sheetu ...... the magazines and novels, she decided to go out and meet some friends."
The sentence indicates that Sheetu completed the action of reading magazines and novels before deciding to go out and meet her friends. Therefore, we need to use the past perfect tense to indicate the completion of the action before another past action.
Let's evaluate each option:
A: "read" - This is the simple past tense, indicating a past action. However, it does not convey that the action was completed before the decision to go out and meet friends. Incorrect.
B: "had been reading" - This is the past perfect continuous tense, indicating an ongoing action that started before another past action. However, it does not convey that the action was completed before the decision to go out and meet friends. Incorrect.
C: "had read" - This is the correct answer. The past perfect tense "had read" indicates that the action of reading magazines and novels was completed before the decision to go out and meet friends. Correct.
D: "will have read" - This is the future perfect tense, indicating an action that will be completed before a future time. It does not fit the context of the sentence. Incorrect.
E: "reading" - This is the present participle form, indicating an ongoing action in the present. It does not fit the context of the sentence. Incorrect.
Therefore, the correct answer is C: "had read."
SBI CBO Mock Test - 3 - Question 9

Improve the bracketed part of the sentence.
"By rescuing the child from fire, the local resident (added another feather to his cap)." 

Detailed Solution for SBI CBO Mock Test - 3 - Question 9

Adding a feather in one’s cap means making a significant achievement. So option E is correct.

SBI CBO Mock Test - 3 - Question 10

Darjeeling grows tea.

Detailed Solution for SBI CBO Mock Test - 3 - Question 10

“Tea is grown in Darjeeling” is the passive voice for the sentence “Darjeeling grows tea”.  

In the active voice the subject will be in the beginning of the sentence and the object will be in the end. The verb will change accordingly. In the ‘passive voice’ the object will be in the beginning and the subject will be at the end. The verb will change accordingly. 

SBI CBO Mock Test - 3 - Question 11

Though Vitamin C is strongly associated with immunity, a prolonged marginal deficiency of Vitamin C may not lead to clinical symptoms; however, it may _________ one towards heart disease and _________ immunity.

Detailed Solution for SBI CBO Mock Test - 3 - Question 11

The deficiency may make one susceptible to heart disease and immunity may be affected adversely' hence predispose (make one susceptible) one to heart disease, and lowered immunity logically complete the sentence.

SBI CBO Mock Test - 3 - Question 12

"She glanced back to make sure she (wasn't to be) observed."

Detailed Solution for SBI CBO Mock Test - 3 - Question 12

The sentence is in past progressive passive form and hence being is used with the past participle.

SBI CBO Mock Test - 3 - Question 13

Read the each sentence to find out whether there is any grammatical error in it. The error, if any will be in one part of the sentence. The letter of that part is the answer. If there is no error, the answer is 'D'. (Ignore the errors of punctuation, if any).

Detailed Solution for SBI CBO Mock Test - 3 - Question 13

I would have contacted you

SBI CBO Mock Test - 3 - Question 14

Directions: In the following questions, a sentence is given with two blanks. You have to find the pair of words from the given options that fit both the blanks in the given order and make the sentence grammatically and contextually correct.

The Supreme Court’s order to _________ and close 27 resorts operating in corridors used by elephants in the Nilgiris is a necessary step to _________ the ecology of these spaces.

Detailed Solution for SBI CBO Mock Test - 3 - Question 14

Cover does not fit in contextually in the first blank as it does not render meaning to the sentence. The sentence talks about Supreme Court's order relating to area used by elephants. Hence, option A is eliminated.

Block does not fit in contextually in the first blank as it does not render meaning to the sentence. Block cannot be coupled with Close in the sentence. Hence, option C is eliminated.

Aid and Support carry positive meaning and they cannot be used with Close. Hence, option D and E are eliminated.

Hence, option B is the answer.

SBI CBO Mock Test - 3 - Question 15

How many All India Financial Institutions are there at present regulated by the Reserve Bank of India (RBI)?

Detailed Solution for SBI CBO Mock Test - 3 - Question 15

There are five development finance institutions regulated by the Reserve Bank of India.

SBI CBO Mock Test - 3 - Question 16

Consider the following statements regarding Non-Banking Financial Companies.

  1. NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
  2. NBFCs cannot accept demand deposits.
  3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.

Which of the above statements is/are correct?

Detailed Solution for SBI CBO Mock Test - 3 - Question 16
  • NBFCs lend and make investments and hence their activities are akin to that of banks; however, there are a few differences as given below:
  • NBFC cannot accept demand deposits; (The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and a maximum period of 60 months. They cannot accept deposits repayable on demand.) Hence, statement 2 is correct.
  • NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself. Hence, statement 1 is correct.
  • The deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks. Hence, statement 3 is correct.
SBI CBO Mock Test - 3 - Question 17

What are the features of the Automated Teller Machine (ATM)?

Detailed Solution for SBI CBO Mock Test - 3 - Question 17

Features of ATM:

  1. Transfer of Funds
  2. Balance Enquiry
  3. Easy Cash Withdrawal
  4. Unlock or Change Pin
  5. Cash Deposit
SBI CBO Mock Test - 3 - Question 18

Which body is responsible to regulate, promote and ensure orderly growth of the insurance industry in India?

Detailed Solution for SBI CBO Mock Test - 3 - Question 18
  • The Insurance Regulatory and Development Authority of India (IRDAI) is a regulatory body under the jurisdiction of the Ministry of Finance, Government of India.
  • It is tasked with regulating and licensing the insurance and re-insurance industries in India.
  • It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India.
SBI CBO Mock Test - 3 - Question 19

Under which of the following committee's recommendations in 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body to regulate and develop the insurance industry?

Detailed Solution for SBI CBO Mock Test - 3 - Question 19

EARLY INSURERS

  • In 1972 with the passing of the General Insurance Business (Nationalisation) Act, general insurance business was nationalized with effect from 1st January 1973. 107 insurers were amalgamated and grouped into four companies, namely National Insurance Company Ltd., the New India Assurance Company Ltd., the Oriental Insurance Company Ltd, and the United India Insurance Company Ltd. The General Insurance Corporation of India was incorporated as a company in 1971 and it commenced business on January 1sst 1973. This millennium has seen insurance come a full circle in a journey extending to nearly 200 years.
  • The process of re-opening of the sector had begun in the early 1990s and the last decade and more has seen it been opened up substantially. 

MALHOTRA COMMITTEE

  • In 1993, the Government set up a committee under the chairmanship of RN Malhotra, former Governor of RBI, to propose recommendations for reforms in the insurance sector. The objective was to complement the reforms initiated in the financial sector. 
  • The committee submitted its report in 1994 wherein, among other things, it recommended that the private sector be permitted to enter the insurance industry. They stated that foreign companies be allowed to enter by floating Indian companies, preferably a joint venture with Indian partners.
SBI CBO Mock Test - 3 - Question 20

Which of the following co-operative banks is considered as the first Co-operative Bank in India?

Detailed Solution for SBI CBO Mock Test - 3 - Question 20

Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara (formerly Baroda) in Gujarat, is the first co-operative bank in India. The Reserve Bank of India ordered the bank to stop most of its operations under Section 35 of the Banking Regulation Act, on 14 September 2007, and ACBL closed in March 2008. ACBL was established in 1889 under the name Anyonya Sahayakari Mandali Co-operative Bank Limited, with a primary objective of providing an alternative to exploitation by moneylenders for Baroda's residents

SBI CBO Mock Test - 3 - Question 21

Which amongst the following are types of NBFCs as defined by RBI?

Detailed Solution for SBI CBO Mock Test - 3 - Question 21

The types of NBFC’s classified by the reserve bank of India are:
(i) Asset Finance Company (AFC)
(ii) Investment Company (IC)
(iii) Loan Company (LC)
(iv) Infrastructure Finance Company (IFC)
(V) Systemically Important Core Investment Company (CIC-ND-SI)
(vi) Infrastructure Debt Fund: Non- Banking Financial Company (IDF-NBFC)
(vii) Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI)
(viii) Non-Banking Financial Company – Factors (NBFC-Factors)
(ix) Mortgage Guarantee Companies (MGC)
(x) NBFC- Non-Operative Financial Holding Company (NOFHC)

SBI CBO Mock Test - 3 - Question 22

What are the Disadvantages of the Automated Teller Machine (ATM)?

Detailed Solution for SBI CBO Mock Test - 3 - Question 22

Disadvantages of ATM:

  1. Limitation of Cash Withdrawals
  2. Possibility of Misusing the ATM card if misplaced, lost, or stolen
  3. Hacking is possible
  4. Lack of Personal Service
  5. Banks have limited ATMs in Rural Areas
  6. If you get a problem with your bank card, or forget your pin, you can’t withdraw your money
SBI CBO Mock Test - 3 - Question 23

_______ is India's primary regulatory organization in charge of matters relating to policy, planning, and operations in the field of credit for agriculture and other economic activities in rural regions.

Detailed Solution for SBI CBO Mock Test - 3 - Question 23

The National Bank for Agricultural and Rural Development (NABARD) is India's primary regulatory organization in charge of matters relating to policy, planning, and operations in the field of credit for agriculture and other economic activities in rural regions.

SBI CBO Mock Test - 3 - Question 24

How many life insurance companies collaborated to form the Life Insurance corporation?

Detailed Solution for SBI CBO Mock Test - 3 - Question 24
  • An Ordinance was issued on 19th January 1956 nationalizing the Life Insurance sector and Life Insurance Corporation (LIC) came into existence in the same year.
  • The LIC absorbed 154 Indian, 16 non-Indian insurers as also 75 provident societies—245 Indian and foreign insurers in all.
  • The LIC had a monopoly till the late 90s when the Insurance sector was reopened to the private sector.
  • Yogakshemam Vahamyaham is the tagline of the Life Insurance Corporation.
  • The headquarters of LIC is in Mumbai.
  • LIC has 2048 fully computerized branch offices.
  • LIC has 113 divisional offices.
  • There are 1381 satellite offices and corporate offices of LIC.
SBI CBO Mock Test - 3 - Question 25

_______ is the process of scrambling codes.

Detailed Solution for SBI CBO Mock Test - 3 - Question 25

The scrambling of code is known as encryption.

SBI CBO Mock Test - 3 - Question 26

_______is a system programme created to help programmers identify and fix mistakes or defects.

SBI CBO Mock Test - 3 - Question 27

Which of the following is a system used for automatically generating pre-addressed forms, letters, envelopes or labels by combining a database and addresses with a document in MS-Word?

Detailed Solution for SBI CBO Mock Test - 3 - Question 27

Mail Merge is a system used for automatically generating pre-addressed forms, letters, envelopes or labels by combining a database and addresses with a document in MS-Word.

SBI CBO Mock Test - 3 - Question 28

A microcomputer is a full-featured computer that is made on a smaller scale and intended for solitary usage. Which among the following are the three basic categories of physical equipment in Microcomputer Hardware?

Detailed Solution for SBI CBO Mock Test - 3 - Question 28

System unit, Primary storage, and Secondary storage are the three basic categories of physical equipment in Microcomputer Hardware.

SBI CBO Mock Test - 3 - Question 29

What is computer architecture?

Detailed Solution for SBI CBO Mock Test - 3 - Question 29

A set of principles and methods that specify the functioning, organization, and implementation of computer systems is known as computer architecture. A system’s architecture refers to its structure in terms of the system’s individually specified components and their interrelationships.

SBI CBO Mock Test - 3 - Question 30

___________ is a security mechanism used to determine user/client privileges or access levels related to system resources, including computer programs, files, services, data and application features.

Detailed Solution for SBI CBO Mock Test - 3 - Question 30

Authorization is a security mechanism used to determine user/client privileges or access levels related to system resources, including computer programs, files, services, data, and application features.

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